WASHINGTON, DC – Clear Investment Group announced the acquisition of the iconic 681-unit Marbury Plaza in Southeast Washington, D.C. The property, once home to notable residents including Isaac Hayes, will undergo a transformative rebranding to become Langston Views, a name that reflects both the community’s vibrant history and its promising future, given Clear’s inclusive approach to community building.
Marbury Plaza has been a cornerstone of the local community for decades. Clear Investment Group’s revitalization efforts will feature modern amenities that enhance the living experience for current and future residents. Planned upgrades include a new fitness facility, upgraded locker rooms and swimming pool areas, advanced security systems, and renovated common spaces. Additionally, an on-site convenience store will provide everyday essentials within arm’s reach.
The acquisition and rebranding were made possible through collaboration with the Office of the Mayor and the Attorney General. This partnership underscores Clear’s commitment to working closely with local authorities to bring about positive change, while strengthening local partnerships.
“This acquisition exemplifies Clear’s mission to revitalize distressed multifamily housing using ethical, sustainable, and transparent practices,” said Amy Rubenstein, CEO of Clear Investment Group. “Langston Views will honor its historic legacy while offering modern amenities and fostering a thriving, diverse community. We are proud to work alongside city leadership to provide housing solutions that benefit Washington, D.C. residents and align with our commitment to positive social impact.”
Clear’s acquisition of Langston Views dovetails seamlessly with its portfolio strategy, focusing on revitalizing urban multifamily housing to deliver long-term value for both investors and the community. The rebranding of Marbury Plaza into Langston Views symbolizes a new chapter—one rooted in community engagement, modern living, and respect for the property’s rich heritage, while demonstrating its ongoing dedication to improving housing standards and creating vibrant, sustainable communities.
“Langston Views is a prime example of Clear Investment Group’s dedication to identifying opportunities for impactful investment and creating dynamic livable spaces,” stated Razi Uddin, Clear Investment Group’s CFO and Managing Director. “The rebranding and upgrades will strengthen the property’s legacy while supporting the city’s ongoing efforts to provide welcoming, safe, quality, affordable housing – not just a house for our residents, but a home.”
With this Washington D.C. acquisition, Clear Investment Group significantly enhances Clear Opportunities Fund I, with its 5th portfolio acquisition, reinforcing its position as a leader in the strategic acquisition and disposition of multifamily assets, delivering value for its investors across a growing national footprint. “”We are thrilled to acquire our first property in the Washington D.C. area which aligns perfectly with our growth strategy and commitment to finding distressed assets in the workforce-housing sector,” added Rubenstein. “By acquiring these units at the current price point, we see an excellent opportunity to generate attractive returns for our investors while expanding our portfolio in key geographic areas.”

TEMPE, AZ – Construction is completed at Northbend, a 310-unit community featuring three garden-style apartment buildings in Tempe, Arizona. McShane Construction Company built the development on behalf of repeat clients Banyan Residential and Milhaus.
“We are proud to have delivered Northbend, a community that seamlessly blends modern design, high-quality construction, and resort-style amenities,” commented Scott Salyer, Vice President & Regional Manager at McShane. “It was an honor to partner with Banyan Residential and Milhaus to bring their vision to life in the vibrant city of Tempe.”
Designed by Todd & Associates, the property offers generous amenity space, including a 4,300-square-foot clubhouse. Residents can enjoy a resort-style pool and sun deck, a fully equipped fitness center and yoga studio, a trading post with outdoor equipment loans, and outdoor spaces including a courtyard with fire pits, an entertainment lawn, and a dog park overlooking downtown Tempe.
Each unit boasts an open-concept floor plan complemented by nine-foot ceilings and large windows. Residents can choose from multiple finish options and will find high-end features such as large kitchen islands, quartz countertops, stainless-steel appliances, wood-style flooring, and designer light fixtures. Additional amenities include keyless entry systems, in-unit washers and dryers, and walk-in closets. Select units offer courtyard, pool, or city views and private patios or balconies.
The property also boasts a small number of live-work units providing separate “store front” style entrances for small business owners.
The garden-style buildings integrate wood frame construction with facades of stucco, thin brick, and wood-look metal lattice.

WILMINGTON, NC – Middleburg Communities, a leading developer of rental housing throughout the Southeast and Sunbelt announced that it has secured construction financing for Mosby Barclay West, a 290-unit Class-A apartment community in Wilmington’s rapidly growing Midtown market. The development represents a joint venture partnership with Cincinnati-based Eagle Realty Group and marks Middleburg’s third development in Wilmington since 2021, following the successful completion of another Class A multifamily community, Mosby Riverlights, and Hamlet Barclay West, a 280-unit build-to-rent neighborhood currently under construction and delivering its first units in Spring 2025. Construction on Mosby Barclay West will commence immediately.
Mosby Barclay West will be strategically positioned within the Barclay West master plan, which at full buildout will feature a complementary mix of residential, retail and commercial uses. The community will be situated adjacent to Middleburg’s Hamlet at Barclay West, creating a dynamic residential district that offers prospective residents choice between traditional apartment living and professionally managed single-family rental homes. Both communities will benefit from walkable access to The Pointe at Barclay, a thriving retail and entertainment destination featuring 150,000 square feet of space anchored by The Pointe 14 Theatre and numerous dining options. The property offers excellent connectivity to major employment centers, with Downtown Wilmington, UNC Wilmington, and the region’s beaches all accessible within 15-20 minutes.
Wilmington has emerged as the fastest-growing rental market in the country since 2020, with the number of renter households increasing by 25.2% from 2020 to 2023, according to data from RealPage Market Analytics. This remarkable growth underscores the strong demand for rental housing in the area.
“Wilmington’s economic success and population inflows over the years have resulted in robust demand for high-quality rental communities like Mosby Barclay West,” said Spencer Merritt, Development Partner for the North Carolina region at Middleburg. Our investment in Wilmington reflects our strategy of expanding our presence in fundamentally strong Southeast markets with above-average job and population growth and sustained rental demand. By strategically positioning the project within the Barclay West master plan, it will be part of a vibrant, connected community that meets the evolving preferences of today s renters.
Mosby Barclay West will offer a variety of one, two and three-bedroom floorplans across five residential buildings, all with elevator access and conditioned corridors. Residents will enjoy modern interiors with hard stone countertops, stainless steel appliances, shaker cabinets, tile backsplashes, in-unit washers and dryers, and luxury vinyl plank flooring. The community will provide an extensive array of amenities, including a clubhouse with a resort-style pool and fitness center, a dedicated dog park with a pet spa, and convenient features like electric vehicle charging stations, 24/7 package reception, and collaborative coworking spaces.
The project is slated to open in the summer of 2026. Upon commencement, Mosby Barclay West will join Middleburg’s active development pipeline, which currently includes 14 communities under construction throughout the Southeast and mid-Atlantic, totaling nearly 4,000 units.

ASHEVILLE, NC – Set against the stunning backdrop of Busbee Mountain, Ellison at The Preserve officially welcomed its first residents, redefining luxury apartment living in Asheville. Combining elegant design with resort-style amenities, this premier community offers residents the perfect blend of modern convenience and tranquil surroundings, just minutes from the vibrant heart of downtown Asheville.
Staying true to Flournoy’s mission of elevating the way people live, the 315-unit community is designed to offer an unparalleled lifestyle, featuring best-in-class amenities to include:

A resort-style heated saltwater pool and sundeck for ultimate relaxation
A state-of-the-art fitness center to support active lifestyles
A co-working lounge complete with communal and private workspaces
Outdoor entertainment spaces with gaming, community grills, fire pits and more
A convenient grab-and-go market for everyday needs
Pet Spa with Pet Washing Station for Ellison’s furriest residents
Private garages to keep residents’ vehicles looking new
Resident Mail Lounge and Private Package Room for safe and secure package receiving

Inside Ellison’s premium apartment homes, residents can choose from thoughtfully designed one-, two-, and three-bedroom floor plans, each showcasing quartz countertops, stainless steel GE appliances, and luxury wood style flooring. Many of Ellison’s meticulously designed units feature balconies with unobstructed views of the beautiful Blue Ridge Mountains. The community is built to harmonize with its natural surroundings, reflecting Asheville’s commitment to sustainability and livability.
“Ellison at The Preserve represents the perfect balance of modern luxury and natural beauty,” said Ryan Foster, Senior Vice President of Flournoy Development Company. “We’re proud to deliver a community that embodies our vision for elevated living and are thrilled to welcome residents to this stunning community.”

DALLAS, TX – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Mockingbird Flats apartment community in Dallas, Texas. This successful close marks the fifth acquisition in Knightvest’s Fund II.
Built in 2012, the 417-unit apartment community is centrally located next to Southern Methodist University (SMU) and the Park Cities in Northeast Dallas. The five-story mid-rise property features ground floor retail and offers an average unit size of about 800 square feet. Knightvest plans to fully renovate the majority of the units and make substantial enhancements to the community’s amenities. As part of the renovation efforts, Knightvest has renamed the community to Belclaire.
“This acquisition marks a unique opportunity to apply our expertise in renovating and repositioning properties to such a marquee Dallas multifamily community,” said David Moore, Knightvest founder and CEO. “As we look at macro trends impacting our industry, it’s clear that younger generations including Gen Z increasingly view apartment communities as longer-term destinations, and this acquisition bolsters our footprint with this core demographic in a high growth market.”
Belclaire’s proximity to Downtown and Uptown Dallas, combined with its walkable retail options, makes it a unique and attractive living space. The property’s location near SMU further enhances its appeal, with the recent success of the university’s football team and its impending status as a Research 1 (R1) institution driving a remarkable increase in student applications. Knightvest is enthusiastic about the Dallas market as it continues to be one of the fastest-growing major cities with a robust economic outlook.

NASHVILLE, TN – Olympus Property announced the acquisition of The Griff, a 255-unit luxury apartment community located in the heart of Germantown, one of Nashville’s most dynamic and historic submarkets. Built in 2019, The Griff exemplifies modern urban living while providing unparalleled access to the economic and cultural vibrancy of Nashville.
Building on its strong track record in the multifamily real estate sector, Olympus Property’s acquisition of The Griff further strengthens its presence in key growth markets. This acquisition marks Olympus’ entry into the Germantown submarket, bringing its Tennessee portfolio to over 1,200 units across owned and managed properties and contributing to its Southeast region portfolio which now exceeds 7,300 units. Established in 1992, Olympus Property has grown to own and manage more than 35,000 units across 16 states, driven by a hands-on approach and a commitment to delivering exceptional living experiences. Leveraging its extensive experience and operational expertise, Olympus is well-positioned to ensure strong performance at The Griff while consistently providing value to both residents and investors.
“The acquisition of The Griff is a testament to Olympus Property’s focus on investing in high-growth markets with significant economic momentum,” notes Wade Madden, Chief Executive Officer at Olympus Property. “The property’s premier location in Germantown, coupled with its luxury amenities and proximity to transformational developments, makes it a valuable addition to our portfolio.”
Strategically located in the heart of Germantown, The Griff benefits from its proximity to redefining developments, such as the Neuhoff District, a $563 million, 900,000-square-foot mixed-use destination featuring blue-chip employers, retailers, and acclaimed dining, and Oracle’s $1.2 billion East Bank campus, which is set to bring 8,500 high-paying jobs. A planned pedestrian bridge will connect The Griff directly to these developments, enhancing its walkability and appeal. Nashville’s pro-business environment has attracted major companies like Amazon, Oracle, and Meta, driving $8.6 billion in recent investments and another $16 billion expected in the next five years. With daily in-migration averaging 80-100 new residents, the area has become a top destination for upscale living, offering unmatched access to employment, dining, and entertainment.
The Griff seamlessly blends historic charm with modern luxury, offering studio to two-bedroom apartments ranging from 589 to 1,251 square feet. Residences include floor-to-ceiling windows, stainless steel appliances, wine refrigerators, and private balconies or patios. Community amenities feature a sky lounge with panoramic views, a fitness center with a Peloton studio, a private recording studio, a riverfront courtyard with a fire pit, a pet park, and a multi-level parking structure.

DALLAS, TX – S2 Capital, a national vertically integrated multifamily investment manager, announced the acquisition of a distressed multifamily portfolio consisting of five properties facing foreclosure in Dallas, TX, Nashville, and Knoxville, TN.
S2 invested $60 million of rescue capital in a new joint venture with the existing Limited Partner through a structured preferred equity investment and secured a new 5-year $170 million senior loan through ACORE Capital. S2 will take over as the general partner with full operational control across property, asset, and construction management plus major decision rights to protect the preferred equity investment. The transaction was sourced off-market.
The five properties are located in markets with growing demand for multifamily housing and limited new supply:
Landmark at Gleneagles at 4909 Haverwood Lane, Dallas, TX, offers spacious 1 and 2-bedroom units, swimming pools with natural landscaping and easy access to shopping, dining, and entertainment.
Stone Ridge at 500 Piccadilly Row, Antioch, TN (a Nashville suburb) offers generously sized 1 to 3-bedroom units with patio/balcony, 2 swimming pools and sundeck.
Hickory Highlands at 100 Hickory Highlands Dr, Antioch, TN, offers 1 and 2-bedroom units, 9-foot ceilings, 3 swimming pools, and is located near Percy Priest Lake.
North Park Apartments at 5237 Tillery Rd, Knoxville, TN, offers 1 to 3-bedroom units and a park-like setting with biking and hiking trails.
The Park at Fountain City at 2132 Adair Dr, in Knoxville, TN offers 1 to 3-bedroom units and nearby walking and biking trails.
Ryan Everett, Managing Director, Head of Acquisitions of S2 Capital, said, “This transaction is a great representation of how S2 is taking advantage of targeted distress in today’s market. Our vertically integrated operating platform, in tandem with our discretionary capital, positioned us as the preferred partner to step in as the new GP and programmatically address the in-place operating issues through the implementation of a new business plan.”
“This investment allows us to expand our geographic footprint to Tennessee, where we have planned to invest in the Nashville and Knoxville markets for several years. Our internal data analytics platform projects Southeast Nashville to be a top quartile submarket for investment, given the continued year-over-year demand growth of 11% while supply and permits have plummeted by 80% to less than 2.5% of inventory, coupled with expected strong household formation and in-migration.”

LEWISVILLE, TX – Ashcroft Capital, a fully integrated multifamily investment firm, announced the recapitalization of the Avery, a luxury garden-style community in Lewisville, Texas. The recapitalization was achieved when the previous owner—a joint venture between Ashcroft and a private equity limited partner—sold the property to a joint venture between Ashcroft and Virtus Real Estate Capital.
The Avery, which features 304 apartment homes, is one of Ashcroft’s 18 apartment communities in the Dallas/Fort Worth Metroplex. The recapitalization was one of two acquisitions that Ashcroft completed in the second half of 2024, joining the firm’s late-summer acquisition of Halston Waterleigh, a luxury garden-style community just outside of Orlando, Fla.
“We were very pleased to complete this recapitalization with an optimal partner, and it certainly was a positive transaction for all involved,” said Frank Roessler, founder and CEO of Ashcroft. “Avery is a great property of ours with a strong demographic that we wish to hold in our portfolio for the long term. Being able to do right by our selling limited partner while at the same time finding a great opportunity for a new LP is all we can ask for. We were able to do this by operating a best-in-class property management company, having deep LP relationships with great partners like Virtus and by creating value through continuing our business plan and enjoying the benefits of our fixed debt.”
“We are very excited to have the opportunity to partner with such a well-positioned, vertically integrated group as Ashcroft, with economies of scale, in a market we remain bullish on,” said Josh Colter, managing director of Virtus. “While many markets have had to deal with softening fundamentals, Dallas has the highest absorption in the country, one of the most robust economies and leads the country in nominal demand. We are confident Ashcroft’s team will keep adding value to this property so the residents can continue enjoying a great quality of life at Avery.”
Birchstone Residential, Ashcroft Capital’s in-house property management and construction management company, oversees the onsite operations of the Avery.
Looking ahead to the new year, Roessler anticipates increased transaction volumes for Ashcroft and for the multifamily industry as a whole. The company is currently under contract to acquire three off-market apartment communities and to sell two properties in the first quarter. Overall, Ashcroft hopes to acquire between five to eight apartment communities in 2025.
“We’re very optimistic about transactions picking up this year,” he said. “We don’t think we’ll see systemic distress, but sellers are adjusting their expectations and in some ways capitulating to a new market, while buyers and equity partners are becoming more practical in what they’re targeting. Ultimately, our hope is that 2025 is less of a banner year and more of a return to normality.”
While rent growth and occupancy rates have softened somewhat in recent years due to a wave of new apartment construction, the long-term fundamentals of the apartment sector remain strong, according to Roessler. Population growth in the Sun Belt continues, unit deliveries have slowed significantly, and new starts are few and far in between, all of which should create great opportunities for Ashcroft and Birchstone, Roessler added.
“We believe that demand for apartments will remain robust over the long term,” he said. “And with our property management company and our in-house procurement department, which allows us to acquire our renovation materials and renovate our communities at a significantly reduced cost, Ashcroft is uniquely positioned to capitalize on the health of the apartment industry and deliver targeted, risk-adjusted returns to our investors.”
Ashcroft’s portfolio stretches across Georgia, Florida, North Carolina, and Texas. The company also is exploring additional markets in the Sun Belt.

AUSTIN, TX – Palladius Capital Management, a vertically-integrated real estate investment manager with both debt and equity investment strategies, announced the acquisition of nine residential real estate assets with a total capitalization of $579 million, including five multifamily and four student housing communities, totaling more than 2,500 units.
Palladius acquisition strategy focused on investments in opportunistic and value-add residential real estate assets. For multifamily investments, Palladius targeted high-growth markets across the country with strong fundamentals, including positive trends in employment such as job and wage growth, re-urbanization, education, and infrastructure development. For student housing investments, Palladius targeted universities with high application/enrollment growth positioned to take advantage of flagship university spillover.
By strategically investing in residential real estate assets with these qualifications, Palladius expects to generate favorable risk-adjusted returns for its investment partners. Palladius acquired the portfolio on behalf of a recently closed Palladius-sponsored private real estate investment fund, which raised approximately $112 million in equity primarily in the private wealth channel.
The successful deployment of this fund speaks to our team s ability to strategically invest throughout various macroeconomic environments, said Marko Velazquez, Senior Managing Director at Palladius Capital Management.
Despite constriction in capital markets activity and transaction volume that sidelined many of our peers, we were able to take advantage of early tailwinds from a trajectory flip in interest rates and leverage our team s deep knowledge of our markets and residential asset classes to acquire properties at an attractive basis, said Manish Shah, Senior Managing Director at Palladius Capital Management.
Nitin Chexal, CEO of Palladius Capital, commented: We are pleased with the outcome in a highly challenging environment. We look forward to the continuation of value creation for our institutional and private wealth investment partners and our community tenants.
Palladius investment strategies, focused on creating short- and long-term value for its investors, are informed by decades of investment and property-level operating experience as well as deep local market knowledge. The firm s rapid AUM growth since its inception in July 2021 reflects the evolution of its platform, extensive network of relationships, and compelling value proposition.

BERKELEY, CA – Gilbane Development Company announced the groundbreaking of Pique, a new purpose-built student housing development located at 2587 Telegraph Ave in Berkeley, CA. Strategically positioned just four blocks from the University of California Berkeley (“UC Berkeley”), the project aims to redefine student living with modern amenities and thoughtful design.
Pique will transform the former Buffalo Exchange store into an eight-story residential building offering 52 units and 485 beds of purpose-built student housing. Scheduled for completion in summer 2026, the project includes 2,900 square feet of ground-floor retail space, enhancing the vibrant Telegraph Downtown Corridor.
Pique is set to elevate student living with its exceptionally designed unit mix, offering affordable Class A Premium Student Housing (PBSH).
“We are focused on making every inch count with efficiency, privacy, and functionality at the core of the design, driving innovation that caters to the needs of Berkeley students at an affordable price point,” said Christian Cerria Development Director at Gilbane Development Company. “Pique is the first student housing project in our portfolio to offer 100% of the units with balconies, bedroom/bathroom parity, bed/vanity parity, and split bathrooms that create an environment promoting privacy and mental well-being.”
The remarkable array of amenities is meticulously crafted for Berkeley students, providing an unparalleled blend of luxury and practicality. These include an indoor/outdoor yoga/fitness center, an outdoor study space, a cabana area, and two rooftop decks, one west-facing capturing stunning unobstructed views of the Bay Area for lively socializing while the other east-facing to create distinct spaces for serene contemplations. The project also includes a ground-floor coworking lounge, smart food lockers, private study pods on each floor, and comprehensive bike/scooter storage & charging stations to encourage eco-friendly transportation choices.
Inside the units, students will discover a suite of sophisticated conveniences that cater to their lifestyle needs. Each unit is equipped with stainless steel appliances and in-unit Laundry. Some larger 5- and 6-bedroom units are outfitted with dual washer and dryer sets and double pantries. In-home amenities such as key fob access, vinyl plank floors, stone countertops, flat-screen TVs, functional furniture, and doorbells, ensure a modern and secure living space. The commitment to fostering a connected community is further highlighted by the Community Terrace on Level 3, a specially designed space for relaxation and social engagement, enhancing the communal experience for residents.
“The groundbreaking of Pique marks a significant milestone for Gilbane Development Company and the Berkeley community,” said Katy Moore, Director of Leasing at Gilbane Development Company. “This development is not just about meeting the growing demand for student housing; it’s about fostering a sense of community and belonging among students and guests. We’re committed to creating spaces that not only contribute to the vibrancy of Berkeley’s downtown area but also support the well-being and interconnectedness of its people within the community.”
UC Berkeley, ranked #1 public university in the US by Forbes, faces a critical shortage of on-campus housing. Gilbane Development Company aims to develop dynamic communities that support students’ academic and social needs, contributing to their overall success and well-being.