ATLANTA, GA – Sherman Residential has proudly acquired Skye Suwanee Town Center, a Class A multifamily property in Suwanee, GA, a northern Atlanta suburb.
The 2020 construction boasts 233 apartments and ten impressive amenity spaces. Skye Suwanee delivers luxury suburban leasing with an urban feel. Residents love the all-inclusive access to unique spaces like the wine cellar, two-story fitness center, and rooftop terrace with retrofitted Airstream lounge.
The walkable suburb of Suwanee gives residents less than a half mile walk to restaurants, shopping, and community events in the Town Center. Plus, the property’s ground-level retail spaces are full with Thrive Coworking and Warm Waves coffee shop, a perfect pairing for the professional or student. Locally, job opportunities abound in organizations like the Gwinett County school system and major companies headquartered in Suwanee, like defense technology corporation, Meggitt Training Systems. Plus, Atlanta is straight down I-85, and the major metropolitan attracts world-class corporations offering boundless career growth.
Skye Suwanee’s midrise-style property and its resident-focused amenities deliver: Studio to three-bedroom apartments reaching nearly 1,500 square feet; Luxury floor plan options, like laundry rooms and butler’s pantries, wraparound balconies, and custom closets; Unparalleled amenities featuring a rooftop terrace, a 24-hour wine cellar lounge, and two-story fitness center and clubhouse; Modern spaces available for work and study, including a direct-access business space with private offices for hosting clients; Pet-friendly features, such as an immaculate indoor spa, a gated dog park, and walking paths to explore the area; Conveniences like multiple elevators, in-unit washers and dryers, and both one-car garage and parking garage options; and Community-focused design with gamified gathering spaces for hosting friends and meeting neighbors.
On June 17, 2025, Sherman Residential purchased and assumed the property management. Its Vice President stated: We’re excited to expand in the Atlanta market during another growth phase. As our first acquisition of the year, Skye Suwanee is a great asset to the Sherman portfolio. With a dedicated team, they look forward to creating a strong sense of community for their current and future residents.

LITTLETON, CO – Toll Brothers (NYSE: TOL), the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Gables Residential have announced a new joint venture to develop Gables Angeline, a four-story, 243-unit luxury multifamily rental community in Littleton, Colorado. The project is being financed through a $57 million construction loan facility from JPMorgan Chase. The equity and debt were arranged by Toll Brothers in-house Finance Department.
Gables Angeline will total 331,498 square feet and offer apartment homes with a mix of studio through three-bedroom floor plans. Each residence will feature designer finishes and thoughtfully appointed features, including quartz countertops, oversized closets, and private balconies or patios, along with optional private garages. The best-in-class amenity package will include a resort-style pool, a state-of-the-art fitness center with rock climbing wall, a community garden, a pet park with dog run, an outdoor pavilion, and a putting green. The community will also offer 1,200 square feet of retail space.
We are thrilled to expand our national footprint with Gables Angeline, our first luxury multifamily community in Colorado, said John McCullough, President of Toll Brothers Apartment Living. With its prime location, upscale design, and strong connectivity to major employment hubs and outdoor recreation, Gables Angeline will offer residents an unmatched living experience in the suburbs of Denver.
Located at 7900 S. Platte River Parkway in Littleton, Gables Angeline will be in proximity to downtown Denver and major employment campuses, including the Denver Tech Center, Children’s Hospital Colorado, and Lockheed Martin. The community will be located within walking distance of the RTD Light Rail Littleton/Mineral Station and a half mile from access to C-470. Residents will enjoy nearby entertainment, shopping, and recreation destinations, including Aspen Grove, a popular open-air shopping center, and Chatfield State Park.
We are excited to partner with Toll Brothers on our first joint project, Gables Angeline, in the Denver market, said Charles Elliott, Chief Investment Officer for Gables Residential. Gables has been fortunate to have been in the Denver market since 2014, and to be able to continue to expand with a new partnership in this prime location is a great opportunity for both parties. We thrive on expanding our ability to bring our commitment to quality living experiences and exceptional service to new locations throughout Denver.
Gables Angeline is Toll Brothers Apartment Living s first development in Colorado. The community is adjacent to Toll Brothers master planned community, ParkVue on the Platte, a gated for-sale community offering three collections of modern townhomes.

BEVERLY HILLS, CA – A real estate fund managed by Kennedy Wilson has acquired, in separate transactions, Tides on Commerce – a 336-unit apartment community in North Las Vegas, Nevada, and Finisterra – a 356-unit apartment community in Tempe, Arizona, for a total of $166 million, excluding closing costs.
The fund invested a total of $61 million of equity in these transactions. The low-density, garden-style apartment properties offer a diverse mix of unit sizes and plentiful amenities.
The two acquisitions contribute to Kennedy Wilson s growing multifamily portfolio with ownership interest in nearly 40,000 units.
These acquisitions reflect our team s ability to leverage our local expertise and source attractive investment opportunities at a discount to replacement cost, said Kurt Zech, President of Kennedy Wilson s multifamily division. Both communities are located in markets emerging from a period of elevated deliveries and concessions and entering a period of strong economic growth with minimal new supply. We are excited to build on Kennedy Wilson s long-held strategy of identifying and improving high-quality communities that provide relative affordability in burgeoning markets with the support of our strategic partners.
North Las Vegas was the second fastest-growing city in Nevada from 2020–2023 and is projected to grow nearly twice as fast as the broader Las Vegas region over the next five years. Recent local job growth has been driven by a rapid expansion in the industrial and healthcare sectors, and residents of Tides on Commerce benefit from immediate access to major employment centers including Apex Industrial Park, VA Southern Nevada Hospital, and a growing cluster of medical and logistics facilities.
Finisterra is located in the South Tempe submarket, part of the highly desirable Kyrene School District and near many need-based retailers including Costco, Walmart, Lifetime Fitness, and Ikea, as well as numerous outdoor activities at the Tempe Sports Complex, South Mountain Trail, and Ahwatukee Lakes Golf Club. The property s convenient access to the 10 freeway enables residents to easily commute to employment hubs in Chandler (Intel, B of A, Wells Fargo, Northrup Grumman) and North Tempe (Arizona State University, State Farm, SRP).
Kennedy Wilson has an approximate 14% interest in the commingled fund that acquired the two properties and serves as asset manager.

SCOTTSVILLE, AZ – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Avana Desert View community in Scottsdale, Arizona. This successful close represents the eighth investment in Knightvest’s Fund II, which remains open to new investors through 2025. The acquisition brings Knightvest’s total footprint in the Phoenix metropolitan area to over 5,000 units owned and managed, reinforcing the company’s continued expansion across high-growth Sun Belt markets.
Built in 1996, the 412-unit garden-style apartment community is situated in one of the most desirable submarkets of the Phoenix metro area, offering residents access to top-ranked schools, major employment hubs, and premier lifestyle destinations. The community features resort-style amenities and a highly sought-after Scottsdale address, making it a compelling addition to Knightvest’s portfolio.
As part of its proven value-add strategy, Knightvest plans to enhance Avana Desert View with substantial renovations. Planned improvements include modernizing unit interiors, refreshing common areas, and upgrading community amenities.
“Scottsdale represents one of the most economically dynamic submarkets in the Southwest, and Avana Desert View is a perfect example of the type of asset we target: well-located, high-quality communities with opportunity for value creation,” said David Moore, Knightvest founder and CEO. “With this acquisition, we see a tremendous opportunity to apply our winning playbook to enhance the resident experience and deliver dependable, long-term returns for our investors.”
The Phoenix metropolitan area continues to attract new residents and employers, driven by strong job growth in sectors such as technology, healthcare, and finance. Knightvest’s investment in Scottsdale is a strategic move to deepen its presence in a high-demand market poised for continued expansion.

JACKSONVILLE, FL – FaverGray, a leading general contractor specializing in multifamily and mixed-use developments, announced the groundbreaking of N4, a new luxury apartment community located at 715 Clay Street in downtown Jacksonville, Florida.
Developed in partnership with Gateway Jax, N4 marks the second phase of development in the Pearl Square district, following the successful start of N11, located directly across the street and currently under construction. This project also represents FaverGray’s second collaboration with Gateway Jax, reinforcing a strong partnership and shared vision for the transformation of downtown Jacksonville.
The N4 project will transform a 1.27-acre site into a seven-story mixed-use development featuring 286 luxury apartment units and approximately 20,000 square feet of ground-floor retail space across five bays.
“This project represents a pivotal moment in the continued revitalization of downtown Jacksonville,” said Ben Hinson, Executive Vice President at FaverGray. “We’re proud to be building our second project for Gateway Jax and to support their long-term vision by bringing new housing and retail to this growing district. It’s a meaningful opportunity to contribute to the city’s forward momentum.”
John Kitchens, Division Leader at FaverGray, added: “Our team is honored to be part of Gateway Jax’s ongoing development efforts. With each project, we continue to build not just structures, but lasting relationships and impactful contributions to Jacksonville’s future.”
Located within the vibrant Pearl Square neighborhood, the N4 community is surrounded by green space, bike trails, a revitalized waterfront, and festival-ready streets. Planned resident amenities includes: A modern fitness center; multi-use club room with a theater, lounge, and venue; and two-level integrated parking garage.
N4 will feature concrete podium construction for flood resiliency, transitioning to wood framing on upper levels. The first two floors will be constructed of post-tensioned concrete, and the building exterior will be finished with fiber cement siding and stone accents for a sleek, urban appearance.
The site development scope includes utility connections, hardscape, landscaping, irrigation, asphalt paving, concrete sidewalks, and public realm enhancements that reflect Pearl Square’s long-term urban design plan.

ATLANTA, GA – ECI Group (ECI), with joint venture partner Phoenix Capital, recently celebrated the grand opening of the $101 million luxury apartment development Averly East Village, in the rapidly growing northern Atlanta city of Roswell near Alpharetta, GA. ECI leaders and team members were joined by Morgan Pierce from economic development organization, Roswell, Inc., to celebrate the opening of the redeveloped centerpiece of the East Roswell community.
ECI Development Vice President, Stephen Stover noted, “The Averly East Village, our first Averly-branded luxury apartment development to deliver, has reinvigorated the East Village center that now features Five Guys, Zama Mexican Cuisine, Panda Express, amongst others. The strong response from residents has validated our decision to build a heavily amenitized community with top-of-market apartment finishes. We also appreciate the cooperation and assistance from our neighbors, capital partners, and the project team to bring this community to life.”
The opening celebration, held on May 22nd, celebrated the Averly brand colors of teal and charcoal in a ‘Blue Retro’ themed party, complete with a live peacock displaying shimmering shades of blues, a branded wall, and a bar featuring vibrant color-themed cocktails.
Averly East Village includes 335 one-, two-, and three-bedroom apartments as part of the larger East Village mixed-use development. The community features resort-quality landscaping, architecture, and interior finishes.

ANAHEIM, CA – MG Properties, a leading real estate investment and management company, has completed the acquisition of Citron Apartments, a recently completed community with 314 residential units. With this acquisition, MG has added 17 properties to their portfolio over the past twelve months, totaling over $2.1 billion.
Built in 2023, Citron is located near two major California freeways, Disneyland, The Anaheim Convention Center, and The Platinum Triangle, where the Los Angeles Angels and Anaheim Ducks host home games. The four-story mid-rise construction property features upscale amenities and modern finishes.
“Orange County has been a top performing market through several downturns over the past 20 years. With low new supply and continued rental demand, we are very bullish on the market and the opportunity for growth.”Said Jeff Gleiberman, President of MG Properties.
Financing for the transaction was provided by Freddie Mac and arranged by Kevin Mignogna, Charlie Haggard, Lee Scott, Joey Guarino and Michael Beach with Berkadia.
MG Properties is a privately owned, fully integrated real estate company specializing in the investment, redevelopment, and management of multi-family assets. MG’s current portfolio is comprised of over 32,000 rental homes in California, Washington, Arizona, Nevada, Colorado, and Oregon, across 113 communities.

TIGARD, OR – Multifamily owner-operator and investment manager Pacific Urban Investors has acquired Meadow Creek, now renamed Ansley Murrayhill, a 304-unit apartment community in Tigard, Oregon. The acquisition of Meadow Creek brings Pacific s Portland metro portfolio to 2,610 units across 10 properties.
Meadow Creek is a two-story, garden style community with 608 parking spaces. Located in the Murrayhill neighborhood of Washington County, the property s location offers short commutes to the largest and highest paying jobs in the MSA, including Nike and Intel, along with immediate access to substantial retail offerings. Built in 1985, the community has been maintained well but received only minimal aesthetic upgrades over time. As such, the opportunity exists to improve the curb appeal, unit interiors, and the expansive amenity set, which includes a clubhouse, fitness center, game room, swimming pool, spa, racquetball court, and dog park.
In addition to the robust amenity set, there is ample green space between buildings, offering a pleasant living experience for residents, said Zach Williams, Vice President of Investments at Pacific. We are excited to add this community to our portfolio given the quality of the building and site, market fundamentals, and prospects for continued growth. The density of this community combined with the proximity to desirable lifestyle amenities and jobs is extremely difficult to replicate today.
Pacific is excited to add a third community in the desirable neighborhood of Murrayhill with expensive for-sale housing options, well-regarded schools, and an abundance of retail amenities, said John Fluke, Managing Director of Investments. The property s condition is relatively untouched since its original construction providing a blank canvas to implement specific improvements most valued by residents and prospects while preserving a significant value proposition in rent to more recent deliveries in the area.

IRVING, TX – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers (NYSE: TOL), the nation’s leading builder of luxury homes, and joint venture partner Carlyle announced the grand opening of Peregrine, a new luxury mid-rise apartment community near Dallas, Texas. Located at 6001 Love Drive in Irving, the community features 364 residences in a mix of studio, one-bedroom, and two-bedroom floor plans. A grand opening celebration was held recently with project partners, residents, and guests.
We are excited to introduce Peregrine as the latest addition to our portfolio of luxury communities in Texas, said John McCullough, President of Toll Brothers Apartment Living. Peregrine offers the high-quality finishes and premium amenities that renters have come to expect from Toll Brothers Apartment Living, in a location that easily connects them to the best of Dallas-Fort Worth.
Peregrine offers designer finishes, high-end features, and modern conveniences. The luxury apartment homes include quartz countertops with tile backsplashes, Shaker-style cabinetry with soft-close doors and drawers, stainless steel appliances, designer pendant lighting, and oversized closets with built-in shelving. Smart home technology, including keyless entry, smart thermostats, and USB charging outlets, enhances convenience and connectivity. Select residences feature private patios or balconies, double bathroom vanities, and glass-enclosed showers.
Residents at Peregrine enjoy a hospitality-inspired lobby and lounge, a state-of-the-art two-story fitness center with a yoga and spin studio, a rooftop lounge, a game lounge, and a resort-style pool and courtyard with firepits, lawn games, and grilling stations. Additional offerings include a coworking suite with shared spaces and a private conference room, a dog park and pet spa, and dedicated bike storage and service areas.
Peregrine reflects our commitment to delivering best-in-class rental communities in highly desirable markets like Irving, said Tommy Rhodus, Managing Director of Toll Brothers Apartment Living in the Central region. With refined interiors, upscale amenities, and a prime location that connects residents to the greater Dallas-Fort Worth area and beyond, Peregrine offers an exceptional lifestyle for our residents and we look forward to building a thriving community here.
Peregrine seamlessly blends residential tranquility and urban convenience. Residents can explore the nearby parks and outdoor recreation areas, like Lake Carolyn and Campion Trail, and take in the culinary scene and entertainment found in Las Colinas. Peregrine s location provides easy access to the region s major employment centers in Dallas and Fort Worth, and the community is a short drive from Dallas Fort Worth International Airport.
Peregrine is Toll Brothers Apartment Living s sixth multifamily community to open in Texas in the past year including Mirra in Frisco, Whitlow in Lewisville, Remy in Frisco, Lyle in Dallas, and The Sadie in Fort Worth.

BETHESDA, MD – Walker & Dunlop, Inc. announced that it provided $106.3 million in financing for Agora, a Class A 334-unit high-rise multifamily asset in Washington, DC.
Walker & Dunlop multifamily finance, led by Brendan Coleman and Connor Locke, arranged the financing on behalf of the longtime W&D client and Fannie Mae priority borrower, WC Smith. The team secured a rate lock within 24 hours of the signed application, providing a 35-year amortization and 10 years of full-term interest-only payments to ensure a favorable outcome for WC Smith.
WC Smith developed Agora as the second phase of The Collective, a premier 1,138-unit apartment community offering unmatched amenities in Washington, D.C. s vibrant Capitol Riverfront neighborhood. Walker & Dunlop has also arranged financing for the other two phases of The Collective, Park Chelsea, a high-end 429-unit community and, The Garrett, which features 373 apartments and 5,000 square feet of co-working space.
“We are honored to work with our partners at WC Smith yet again, a company that has earned a stellar reputation over decades as a trusted multifamily investor, developer, and operator,” said Connor Locke, managing director of Multifamily Finance at Walker & Dunlop. “Agora is a standout asset within their exceptional portfolio, and the swift rate lock, secured within 24 hours of the signed application, demonstrates our dedication to providing timely, customized solutions that ensure the best possible outcomes for our clients.”
Agora is a luxury, 11-story, 334-unit LEED Silver-certified apartment building completed in 2018, located in Washington, D.C. s vibrant Capitol Riverfront. Part of The Collective, residents enjoy shared access to high-end amenities across the three properties, including a Whole Foods, fitness center, spa rooms, and indoor golf simulator. Steps from Nationals Park, Audi Field, and the Navy Yard, Agora sits in a 500-acre neighborhood recognized by Forbes as one of the world s Top 12 Coolest Neighborhoods for its parks, dining, and strong sense of community.