RENO, NV – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the purchase of Lakeview and Sand Pebble/Spanish Oaks, two apartment communities in the Reno metropolitan area.
Hamilton Zanze sponsored the transaction through HZ Capital Partners Fund I, its discretionary fund that targets the acquisition of multifamily properties, alongside joint venture partner New York Life Real Estate Partners. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the properties, which sit within seven miles of one another.
“We’re thrilled to be expanding our portfolio in Reno—a market that continues to demonstrate strong fundamentals,” said David Nelson, president and chief investment officer at Hamilton Zanze. “With its business-friendly climate, a limited multifamily supply pipeline and recent investments from Amazon, Google and Tesla, Renois well-positioned for sustained rent growth. We’re eager to unlock value at both assets through a strategic value add program, including unit renovations, building upgrades and enhancements to the common areas and amenities.”
Located at 2600 East Shore Drive in Reno, Lakeview features 328 studio, one-, two- and three-bedroom homes and overlooks Virginia Lake. The community is surrounded by multiple biking/jogging paths, several golf courses and shopping centers, and is within a quick commute of the Reno Convention Center. Community amenities include a swimming pool, barbecue/picnic area, basketball court, onsite gym, laundry facility and playground. Homes include air conditioning, high-speed internet and private patios or balconies.
Sand Pebble/Spanish Oaks is situated at 1877 El Rancho Drive in nearby Sparks, Nev., and features 448 one-, two- and three-bedroom homes. The two-story community, originally built in 1983, features a resident clubhouse, swimming pool, sauna spa, laundry facilities, basketball and tennis courts, onsite fitness center and additional storage space. Apartment features include air conditioning, high-speed internet, washer/dryer hookups, fireplaces, walk-in closets and private patios or balconies.
“We’re excited to continue our relationship with Hamilton Zanze,” said Albert Pura, senior director of transactions for New York Life Real Estate Investors. “The opportunity to acquire these assets was very attractive given the outlook for Reno, initial basis, as well as the multiple layers to drive additional value.”

IRVINE, CA – Intracorp announced that its new luxury boutique apartment community Aurum is now open to residents. The community is professionally managed by Greystar.
“We’re excited to welcome residents to Aurum,” Brad Perozzi, President of Southern California for Intracorp, said. “We’ve created a community that features modern architecture with gilded details and thoughtful amenities for renters who appreciate a gold standard in sophisticated living.”
Aurum offers floorplans in studio, one- and two- bedrooms as well as one- and two-bedroom loft layouts. The impeccably designed residences have two designer-inspired interior color finish packages available and include spacious closets, a patio or balcony and privacy roller window shades.
The community’s rooftop deck with a Lanai-inspired pavilion, resort-style pool, indoor and outdoor lounge seating, giant LED TV wall, entertainment lawn, grills and a gourmet kitchen headlines the amenity package. The deck also has incredible views of Orange County including the Santa Ana Mountains. Aurum also includes a karaoke lounge, which is unique to the area.
Aurum has also developed partnerships with local businesses in the surrounding neighborhood.
Aurum is in Irvine, which is an economic center with an extraordinary quality of life. The community is in the center of everything. Aurum is close to John Wayne Airport, Fashion Island, South Coast Plaza and Irvine Spectrum malls and access to some of Southern California’s best beaches. The nearby mountains also provide trails and other recreational opportunities. The neighborhood is home to a growing tech and business scene, great schools, UC Irvine and in close proximity to upscale dining options.

WHEATON, IL – Banner Real Estate Group announced the successful closing on its latest development at 220 W. Liberty Drive in the heart of downtown Wheaton, Illinois directly adjacent to the Metra Union Pacific West station with service to downtown Chicago. The future site of The Faywell, a 334-unit Class A multifamily community, marks a major milestone for the firm and the City of Wheaton alike.
Nearly five years in the making, this infill suburban project will deliver high-quality residential living paired with thoughtful design and amenities that integrate seamlessly into the surrounding community. Upon completion, The Faywell will feature a resort-style pool, state-of-the-art fitness center, coworking lounge, ample bike parking, and direct access to the DuPage County Prairie Path — one of the region’s popular recreational trails.
As part of its ground-floor retail offering, Banner is proud to welcome back Egg Harbor Cafe as the project’s anchor tenant — a cherished local favorite returning to its original Wheaton roots.
“We’re excited to bring The Faywell to life as a best-in-class residential option in a location with so much vibrancy, charm, and walkability, as well as the convenience of the Metra commuter station,” said Bob Flannery, CEO of Banner Real Estate Group. “This development represents not only a significant investment in Wheaton’s continued growth but also a long-term commitment to improve the quality of life in the community and contribute to the vibrancy of downtown Wheaton. We extend our sincere thanks to the City of Wheaton, particularly City Manager Michael Dzugan and Mayor Phil Suess, for their collaboration and steadfast support of this development.”
Key partners in the project include our institutional investor PNC Bank, JLL, W.A. Randolph, Inc. (General Contractor), BKV Group (Architecture), and CAGE Engineering, Inc. Construction is currently underway, with first move-ins expected in Fall 2026.

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.