SAN DIEGO, CA – MG Properties, a private San Diego-based real estate investor, owner, and operator purchased the multifamily community Domain San Diego in a joint venture with Rockwood Capital.
Domain San Diego is a 379-unit community that offers renovated studio, 1 & 2 bedroom apartments, competitive community amenities, and easy access to the 163 and 52 freeways. Characterized by strong demographics, highly ranked schools, accessibility to jobs, and relatively affordable rents, Kearny Mesa is a desirable San Diego submarket that has been severely underserved in terms of multifamily housing.
“Kearny Mesa is expected to experience significant growth in the near future as a pedestrian friendly market,” said MG Properties President Jeff Gleiberman. “Adding Domain to our portfolio is a value-add opportunity to renovate remaining classic units and add strategic enhancements to further elevate the community.”
The seller of this multifamily community was Magnolia Capital, represented by Joseph Smolen, Geoff Boler, Mark Peterson, Jonathan Merhaut, and Eugene Chong of Eastdil Secured.

STORRS, CT – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, has formed a new build-to-core joint venture with Manulife Investment Management. The partnership will focus on developing and operating residential properties in targeted markets throughout the United States and has pre-identified several potential development opportunities, with the first being The Standard at Four Corners, an 890-bed project at the University of Connecticut located in Storrs.
“Landmark is excited to partner with Manulife Investment Management on the development of The Standard at Four Corners,” said Landmark President and CEO, Wes Rogers. “This represents the first investment in our new build-to-core venture with Manulife Investment Management. Landmark continues to attract institutional capital to the student housing space due to our track record of success, vertical integration, and out-performance during challenging economic times.”
Located at 1717 Storrs Road, The Standard at Four Corners will be ready for occupancy in August 2025 and offers several distinct floorplans ranging from studios to three-bedroom. The design of these units, amenities featured, and the privacy the layouts offer are unique to Storrs and will attract attention from potential residents when weighing options among comparable properties. The property’s pedestrian access will make way to both the campus core and downtown Storrs for residents.
“Manulife Investment Management is proud to partner with Landmark Properties, who we view to be best-in-class in the student housing sector, leveraging their experience across the United States to jointly develop a premier portfolio of assets,” said Edward Dunn, managing director, Infrastructure Investments at Manulife Investment Management. “We believe the student housing sector represents a compelling investment opportunity underpinned by attractive supply/demand dynamics and strong historical performance.”
Each apartment at The Standard at Four Corners provides a gourmet-style kitchen with ample cabinet space, quartz countertops and stainless-steel appliances. Every residence is fully furnished, offers hardwood-style flooring, and includes technology related amenities in the common area, high-speed internet and cable.
Additionally, residents can access 24-hour study lounges, fitness center and computer lab. The resort-style amenity spaces add extra opportunities for recreation and socialization with a gaming lounge, heated pool, hot tub, and fire pits. For residents with vehicles, a deck offers parking for an additional fee.
The development also features 14,500-square-feet of ground-floor retail space. Landmark Construction will serve as general contractor for the duration of the project.
According to CollegeSimply, the University of Connecticut is ranked as the best public university in the New England region.
With over $10 billion assets under management, Landmark’s portfolio includes almost 100 residential communities across the country with approximately 60,000 beds. Landmark currently has 21 student, BTR, and multifamily projects under construction with an estimated value at $3.7 billion, and a significant and growing development pipeline.

ATLANTA, GA – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Parkside, a luxury mixed-use apartment community near Atlanta’s esteemed Piedmont Park.
The 32-story high-rise, which will feature 361 apartment homes including penthouses on the top floors, will be built to and is pursuing NGBS Silver certification levels, and will offer unencumbered views of the Atlanta skyline and Piedmont Park, which sits two blocks away. The community will also include a signature restaurant with street frontage on Atlanta’s famed Rainbow Crosswalk. First move-ins are anticipated for early 2025.
“Modera Parkside is a unique location on the very edge of high-rise zoning, preserving the views to the Atlanta skyline, Piedmont Park and the energy of east Midtown. Modera Parkside complements a proud neighborhood and offers an easy walk to Atlanta’s most popular public amenities and Midtown’s primary employment centers,” said Patrick Chesser, senior managing director of development in Atlanta for Mill Creek. “We believe the character of the neighborhood with a unique community will appeal to a diverse set of renters-by-choice with discerning tastes. We are honored to have the opportunity to add to the fabric of this world-class neighborhood and the skyline of this great city.”
Situated at 180 10th Street between Piedmont Avenue NE and Juniper Street NE, Modera Parkside is positioned at the epicenter of east Midtown on the park side of Peachtree Road. The community is a few blocks from the Atlanta Beltline Eastside Trail and less than a mile from the Downtown Connector and Piedmont Park.
Modera Parkside will offer studios, one-, two- and three-bedroom homes and den layouts with convertible home offices. Community amenities will include a rooftop pool deck and fitness center, outdoor cooking experiences, elevated fire pits, a skyline-facing clubroom, Full Swing Golf Simulator, dedicated dog runs and pet spa. The bike-centric Modera Parkside will also have valet dry cleaning, direct package delivery services, controlled-access garage parking, ample EV charging stations and dedicated bike storage.
“We were very deliberate in choosing amenity spaces that will speak to the distinct vibe of the neighborhood,” Chesser said.
The community will also cater to the ever-increasing remote worker with expandable furnishings from Ori, which will include retractable desks in studio homes and disappearing ceiling-mounted beds and convertible desks in select two-bedroom homes. Additionally, a cybercafé, coworking spaces and private workstations will be powered by gigabit Wi-Fi.
Apartment homes at Modera Parkside will be delivered with nine-foot-plus ceilings, wood plank-style flooring, energy-efficient stainless-steel appliances, quartz countertops, gas cooktops, tile backsplashes, kitchen islands, pendant lighting, closets with built-in shelving, in-home washers and dryers, smart thermostats, mobile app entry and private patios or balconies. Bathrooms will include double vanities and tile surrounds.
Modera Parkside marks Mill Creek’s ninth development within Atlanta. Others include Modera Midtown, Modera Old Ivy and Modera Reynoldstown.

REDMOND, WA – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager, announced the completion of subsurface work and start of vertical construction of The Piper, a luxury community directly fronting renowned Marymoor Park in Redmond, Wash. The Piper is developed in close partnership with QuadReal Property Group.
With its expansive homes and quiet, contemplative atmosphere, The Piper’s 284 fully air-conditioned apartments will provide a distinguished setting that caters to established professionals seeking an active lifestyle. The community is situated on one of only three buildable sites with direct frontage on Marymoor Park within the core of the rapidly developing Marymoor Village. A market leading suite of amenities will cascade into the 640-acre Marymoor Park, a regional outdoor epicenter home to a summer concert series, a robust trail system, various sports facilities, a premier 40-acre dog park and climbing wall.
“Positioned at the front steps to Marymoor Park, The Piper will beckon residents to engage with their surroundings,” said Brad Reisinger, Regional President of Development for Quarterra in the Pacific Northwest. “With an emphasis on outdoor amenities and open-air experiences, The Piper is designed to give residents space to breathe while living within a dynamic neighborhood that offers immediate access to transit, retail and recreation.”
Through its participation in the City of Redmond’s art program, The Piper’s two five-story mid-rise buildings will be separated by a linear pedestrian art walk pathway, highlighted by murals, sculptures and other works from 11 different artists. The community will also periodically house artists in residence in a dedicated space along the art walk.
The Piper will consist of studio, one-, two- and three-bedroom homes, ranging from 475 square foot studios to 1,400 square foot spacious three-bedroom homes to accommodate growing families. Residents will enjoy access to street-fronting co-working spaces, a luxury club room and theater room, resort-style pool and spa overlooking the park, indoor kids’ playroom, outdoor kids’ play zone, outdoor plaza and a significant allocation of electric vehicle chargers. In addition to an on-site pet spa, residents of The Piper will have easy access to the 40-acre Marymoor Off-Leash Dog Park, the largest dog park in the region.
Situated at 17305 NE 67th Ct. in Redmond, the community is just blocks from the future Southeast Redmond Light Rail Station and within a short drive of key thoroughfares, including Redmond Way, State Route 520 and East Lake Sammamish Parkway, leading to Bellevue, Seattle, Sammamish, Issaquah and Kirkland. The transit access links The Piper to the regions primary tech sector employers such as Microsoft, Facebook/Oculus, Amazon, Google, Space X, Nintendo and SmartSheet. The Piper is just a few minutes from downtown Redmond, the Microsoft campus and Downtown Bellevue. Residents will also enjoy walkability to Whole Foods Market and easy access to Redmond Town Center – a mixed-use shopping and entertainment development with more than 110 shops, restaurants and breweries.
The Piper is one of three joint ventures between Quarterra and QuadReal in the region including recently opened Ovation in Seattle’s First Hill and Spectra, also in Marymoor, now welcoming its first residents.
Jameson Weber, Managing Director, Head of Americas, QuadReal said: “The property location is incredible, residents of The Piper will enjoy an amenities package that complements the unique and idyllic setting. QuadReal is excited to welcome The Piper into a global residential portfolio of over 65,000 rental units and continue to partner with Quarterra on new residential developments across the US.”
Debt financing was provided through JPMorgan Chase & Co. Other key members of the team include Encore Architects, Gensler as interior designer, structural engineer BCQ, land use attorney McCullough Hill Leary, and Weisman Design Group as the landscape architect. NineDot Arts curated the art collection. As a MFTE/AARCH program participant, The Piper will offer 10% of its homes at 50% area median income (AMI).

BONITA SPRINGS, FL – TerraCap Management LLC, a privately held investment firm with its headquarters in Naples, FL, announced the sale of Versol Residences. The 240-unit property was built in 2020 and is located in Bonita Springs, FL.
“Versol has been a treasure to own. We have been quite pleased with the performance of this well-located asset. The rapid value creation by our Asset Management team led by Albert Livingston and Mark Hardee accelerated our exit strategy by three years. Special thanks to Jamie May and Company for assisting TerraCap on another successful transaction,” said Steve Hagenbuckle, TerraCap Founder and Managing Partner.
Versol Residences features spacious one, two, and three-bedroom units with average unit sizes just under 1,100 square feet. The unit interiors feature quartz counter and vanity tops, shaker-style cabinetry, stainless steel appliances, tile backsplash, faux wood plank flooring in the living areas, nine-foot ceilings, large windows, and a washer and dryer in each unit. Common area amenities include a clubhouse with a coffee/tea bar and a kitchen, a swimming pool, an outdoor kitchen with gas grills, a fire pit, a fitness center, a bocce court, a dog park, package receiving, and dry cleaning drop off.
“Versol is a high-quality community that is well-located in a strong market. The pandemic accelerated the in-migration and long-term demographic changes that are a hallmark of our investment thesis, allowing us to complete our business plan sooner than expected. We are thrilled to have been able to own this asset, and we appreciate Milhaus’ excellent management of the property during our ownership period,” said Mark Hardee, TerraCap Asset Manager.

SPRING, TX – Civitas Capital Group, a Dallas-based alternative investment manager specializing in niche opportunities in U.S. real estate, has acquired Cypresswood Apartments, a three-story, 287-unit garden-style apartment community in the highly attractive Greater Houston Texas) market.
“It’s a recent build, garden-style property with high-quality new construction in a fast-growing market,” says Rootvik Patel, Investments Director for Civitas, who led the transaction along with colleague Chandler Kyser. “We expect more acquisitions of this type in the year ahead, as it perfectly aligns with our core multifamily strategy moving forward.”
Cypresswood is Civitas’s fifth acquisition in the Houston MSA in the past 18 months and further represents the firm’s belief that Texas is a high-growth market. The property, which began leasing in January, is in a booming Houston submarket. Cypresswood features a resort-style pool, a 24-hour fitness center, a dog park and dog wash, and a beautiful clubhouse across its 12.2 acres.
The property is a short drive from the affluent suburb The Woodlands, and is approximately 30 minutes north of downtown Houston. It sits just south of the well known master-planned City Place development. The surrounding community of Spring, Texas, features gorgeous parks, nightlife, high-end shops, restaurants, and the quaint city center of Old Town Spring.
The Houston MSA, home to 7.1 million residents, has experienced a population boom since 2010, adding more than 1.1 million people. This has drawn highly skilled labor and increased median household income to more than $100,000 (44% higher than the national MSA average) within a 5-mile radius of the property. Nearby headquarters include HP, Southwestern Energy, and Exxon Mobile.

SAN JOSE, CA – Affirmed Housing, a leading provider of affordable housing throughout California, announced the opening of Vela, a mixed-use, affordable and supportive housing development serving individuals and families located in the Mayfair neighborhood in East San Jose. A ceremony was held to commemorate the project s grand opening and included special guests San Jose Mayor Sam Liccardo and Councilmember Magdalena Carrasco, Santa Clara County Supervisor Cindy Chavez, City of San Jose Housing Department Director Jacky Morales-Ferrand and Santa Clara County Housing Authority Executive Director Preston Prince.
“The city proudly invested in Vela to provide dignified housing for dozens of our residents struggling with homelessness, said Mayor Sam Liccardo. “More than merely housing people, Vela provides a supportive community, with employment and training services to help residents get onto a path of self-sufficiency.”
Vela is Santa Clara County s first project to include Rapid Rehousing (RRH) homes as part of Measure A s goal to help households quickly exit homelessness and foster long term stability. RRH encapsulates three main components: housing identification, rent and move-in assistance, and case management and services, including employment counseling and job training aimed at ensuring residents ability to retain their housing for the long term. Vela is also San Jose s first project approved under SB 35, a 2017 law that streamlines approvals for affordable housing projects.
Vela demonstrates what can be accomplished when multiple stakeholders come together to execute on a common goal, said Rob Wilkins, Affirmed Housing s Vice President of Northern California. Affordable housing is a fundamental component in ensuring cities – and more importantly, their people – function at their best. In developing Vela, we ve leveraged county and city funding programs, statewide legislation and a range of innovative strategies to create an exceptional environment that residents can be proud to call home. Vela s success paves the way for other critically needed projects of this kind, and Affirmed Housing is tremendously appreciative of the support of our like-minded project partners in forging this new ground.
The development features a mix of studio, one-, two- and three-bedroom affordable apartment homes for households earning up to 30 and 60 percent of the county s Area Median Income (AMI). Of the 87 total homes, 43 are set aside for formerly unhoused populations with 14 designated for RRH and 29 for Permanent Supportive Housing (PSH) programs, as well as two homes reserved for the building s property and maintenance managers. In addition to housing, Vela residents have access to on-site supportive care and services to help them regain long-term stability, independence and well-being.
Vela s overall design prioritizes community building with several shared resident amenities incorporated throughout, including a computer lab, community room, TV room, spacious courtyard and large outdoor deck with raised planter gardens and lounge areas. Vehicle and bicycle parking are also included. Each apartment comes equipped with energy efficient appliances.
In the weeks before Vela s grand opening and in anticipation of receiving residents, Affirmed Housing, in partnership with on-site service provider People Assisting the Homeless (PATH) and the San Jose Earthquakes, collaborated to set up and furnish each apartment with basic move-in necessities.
Affirmed Housing s development partners for Vela include the City of San Jose, Santa Clara County, DAHLIN Group Architecture Planning, Cahill Contractors, BKF Engineers, JETT Landscape, Bank of America, California Community Reinvestment Corporation (CCRC), PATH and Nexus for Affordable Housing.
Vela adds to East San Jose s affordable housing supply for our most vulnerable community members. It is a model public-private partnership that converted an abandoned storefront and lot into a service-rich community, helping its residents get on the path to personal and financial stability, said Raquel González, president, Bank of America Silicon Valley. Bank of America has worked with lead developer Affirmed Housing on several high quality affordable housing projects in recent years, and we re particularly proud to have financed the Vela and invest into this historically diverse Alum Rock community.

WASHINGTON, DC – The District of Columbia Housing Finance Agency (DCHFA) issued $51.2 million in tax exempt bonds and underwrote $31.5 million in federal Low Income Housing Tax Credit (LIHTC) equity for the construction of Park Morton Phase I. A part of the Deputy Mayor for Planning and Economic Development New Communities Initiative, this project will help revitalize this transit-oriented, amenity-rich neighborhood and provide 40 public housing replacement units.
The Park Morton redevelopment has been a labor of love. The journey for this project has taken over a decade and under Mayor Bowser s leadership we have finally crossed the finish line. Ward 1 is a community of opportunity; the residents who live in this redevelopment will be close to transit, amenities, strong schools and employment centers, stated Christopher E. Donald, Executive Director/CEO, DCHFA. Residents should have the opportunity to live in healthy, beautiful, affordable housing in all of the District s great neighborhoods. Park Morton will grant that opportunity to 142 individuals and families.
The $105.3 million development will consist of 19 efficiencies, 73 one-bedrooms, 49 two-bedrooms and one four-bedroom unit. All units will be reserved for residents earning 80 percent or less of the area median income (AMI); the 40 replacement public housing units will be reserved for individuals earning 30 and 50 percent or less AMI.
The Community Builders and Dantes Partners are the developers of Park Morton Phase I. The property will be Enterprise Green Communities certified, and it will include a rooftop solar system and 14,000 square feet of green roof area. Other amenities will include a rooftop lounge, fitness room, courtyard spaces, meeting lounges, a pet grooming room, bike storage and 71 garage parking spaces. The garage parking will be free on a first come first served basis. Residents will be only 0.3 miles from the Petworth Metro Station.
Through its Multifamily Lending and Neighborhood Investment and Capital Markets divisions, DCHFA issues tax-exempt mortgage revenue bonds to lower the developers costs of acquiring, constructing and rehabilitating rental housing. The Agency offers private for-profit and non-profit developers low-cost predevelopment, construction and permanent financing that supports the new construction, acquisition, and rehabilitation of affordable rental housing in the District.

INDIANAPOLIS, IN – BAM Capital, a multifamily syndication company based in Indianapolis, IN, announced its most recent acquisition for the BAM Multifamily Growth & Income Fund III: Gateway Crossing.
Gateway Crossing is a 160-unit institutional quality, garden-style apartment community that was developed in 2004. It is located in Indianapolis, IN, and situated near major economic drivers, outstanding schools, and upscale retail areas.
Gateway Crossing is extremely well located and offers its residents a diverse set of floor plans along with a comprehensive amenity package. This purchase is consistent with BAM Capital s investment thesis of acquiring assets that provide our investors with stable cash flow, appreciation potential, and capital preservation, says Tony Landa, Chief Investment Officer.
The combination of job and population growth coupled with low supply has had a positive impact on the apartment fundamentals in the Indianapolis MSA for a long time, says Ivan Barratt, Founder & CEO. These strong fundamentals have resulted in substantial dividends to our investors.
The BAM Companies (BAM Capital, BAM Management, BAM Construction) is a vertically integrated real estate organization. Combined, the company has over 180 years of experience among its Executive level staff. With more than $700MM in assets under management, $152.5MM in total distributions to investors to date, and 900+ investors across 40+ states, BAM Capital is a proven sponsor with a solid track record.
Gateway Crossing will join Autumn Ridge, Hamilton Station, and The Bristol as part of BAM Multifamily Growth & Income Fund III. Autumn Ridge is located in the Des Moines, IA MSA, while Hamilton Station and The Bristol are both located in the Indianapolis, IN MSA. This offering is open to accredited investors only. To learn more about BAM Capital or this offering, please visit our website.

HOUSTON, TX – RPM Living announces the acquisition of Ashton on West Dallas in Houston s Montrose submarket, in the heart of the city s urban core. The acquisition marks RPM s 17th acquisition in the greater Houston area and the wrap-style community is the second Houston asset to be added to the RPM Multi-Family Fund I portfolio.
Located within walking distance to Houston s expansive Buffalo Bayou Hike and Bike Trail, Ashton on West Dallas is in a highly convenient location with immediate access to the city s central business district and multiple city parks. Surrounded by Houston s most vibrant entertainment districts and attractions, the community is near a variety of neighborhood bars and retail that make up the Montrose, Midtown, and Washington Ave. neighborhoods.
Built in 2013, Ashton on West Dallas features 246 units with 10-foot ceilings throughout, elevator-serviced corridors, and a stand-alone 24-hour fitness studio. Modern one- and two-bedroom residences have floor-to-ceiling windows, wood floors, and stone counters.
Ashton on West Dallas provides us great opportunity with the potential for outsized rental growth given the area s limited construction pipeline and Class A absorption projected to remain strong in light of the increased cost of home-ownership and Houston s consistent population growth, says Hank Farrell, Chief Executive Officer of RPM Living Investments.