MIAMI, FL – Olympus Property has expanded into the Miami market with the acquisition of Fifteen, a brand new 132-unit luxury apartment community located in the city’s prominent Health District—one of the largest medical hubs in the country. This marks Olympus’ first asset in Miami and reflects the firm’s expansion into one of South Florida’s leading employment districts, where consistent demand, population growth, and continued economic investment support long-term multifamily performance.
The acquisition underscores Olympus Property’s commitment to identifying supply-constrained, high-demand submarkets with strong underlying fundamentals for institutional-grade housing. The firm will leverage its vertically integrated operating platform and regional scale to increase operational efficiency, sustained value creation, and compelling long-term returns.
“Olympus has been active in Florida for over a decade, steadily growing our presence across the state’s most dynamic markets,” said Alex Badalian, Director of Investments at Olympus Property. “The acquisition of Fifteen reflects our broader strategy of targeting high-opportunity submarkets within major gateway metros. With South Florida’s continued growth and strong rental fundamentals, we see this as an ideal setting to elevate the resident experience while delivering sustainable, long-term results at this asset.”
Tailored to professionals working in and around the Health District, Fifteen delivers elevated design in a well-connected urban setting. The boutique mid-rise community offers walkable access to world-class healthcare institutions, including the University of Miami Health System, Jackson Memorial Hospital, the Miami VA Medical Center, and the forthcoming Kenneth C. Griffin Cancer Research Center—a 244,000-square-foot, 12-story facility scheduled to open in 2025. Residents also benefit from proximity to public transit and an array of nearby amenities. With direct connectivity to the Dolphin Expressway (SR 836) and I-95, the property links seamlessly to major commercial destinations such as Downtown Miami, Brickell, Coral Gables, and the Miami River District.
Walker & Dunlop’s Fort Lauderdale investment sales team, including Still Hunter and Kaya Suarez, arranged the transaction. Financing was secured by Craig West and the TeamWest group at Walker & Dunlop.

SAN DIEGO, CA – Lowe, a national real estate investment, development and management firm, has acquired Tenth & G Apartments, a 207-unit multifamily community located at 707 Tenth Avenue in the heart of downtown San Diego s vibrant Ballpark District.
Lowe has a national strategic focus to acquire high-quality, well-located multifamily properties at current lower valuations that can benefit from enhancements to property operations and/or physical improvements, said Mike Lowe, co-CEO of Lowe.
Built in 2008, Tenth & G is an eight-story apartment community with steel and concrete construction featuring modern loft-style residences and 8,250 square feet of ground-floor retail. The property offers an array of loft style units including studio, one- and two-bedroom units averaging 704 square feet, featuring floor-to-ceiling windows, high ceilings, private balconies and panoramic views of the San Diego skyline and bay. The property sold for $71 million or about $343,000 per unit which is well below replacement cost.
Lowe plans to complete improvements to the property with a new leasing office and co-working space, an expanded fitness center, upgraded common areas and in-unit renovations comparable to similar nearby properties. These upgrades are designed to elevate the resident experience while preserving the property s attainable rent rates.
This acquisition aligns with our national multifamily value-add investment strategy led by Bill Cockrum and strong local market capabilities with operations overseen by our San Diego regional office led by Todd Majcher, added Lowe Executive Vice President Mike McNerney.
The property boasts a Walk Score of 99 out of 100 and is located within a short walking distance of the Gaslamp Quarter, PETCO Park, new East Village Green Park, and Rady Shell at Jacobs Park. Residents enjoy an attractive amenity package including a landscaped courtyard with fire pit, rooftop viewing deck, fitness center and billiards lounge.

DENVER, CO – OlivePoint Capital, a real estate investment manager focused on value-add and special situation opportunities in the lower middle market, announced the acquisition of Stella on the Park, a 2021-vintage mixed-use project located in metro Denver. The transaction was sourced and executed off-market.
The project comprises 216 residential units and 35,000 square feet of retail space. OlivePoint acquired the asset at more than 50% discount to replacement cost. The acquisition was made through OlivePoint’s fund, OPC Fund I LP.
This investment reflects our strategy of targeting high-quality assets where temporary dislocation—whether capital markets or operational—can create outsized value, said Adrian Bejarano, Managing Partner at OlivePoint. We re targeting high-conviction, execution-driven opportunities in overlooked segments of the market and we re excited to leverage our expertise to unlock value at Stella.
We continue to believe the current market offers a rare window to invest in compelling real estate at a meaningful discount to value, said John Bruno, Managing Partner. Stella is a strong addition to our portfolio and reflects our ability to move quickly while taking advantage of the market environment.
OlivePoint will implement a targeted value-add plan including lease-up of vacant residential units, operational optimization, and capital improvements to enhance long-term value.
This investment expands OlivePoint s growing portfolio, which focuses on distressed, mispriced, or undercapitalized real estate across multifamily, industrial, retail, and select office segments throughout the U.S. lower middle market.

ROCHELLE, IL – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand opening ceremony for Willis Senior Lofts, a 60-unit, four-story affordable housing community for adults aged 55 and over.
“We are proud to officially open Willis Senior Lofts and make these high-quality, affordable homes available to seniors in Rochelle,” said Hume An, LAC Vice President and Regional Project Partner. “Investing in rural communities like Ogle County is a key pillar of LAC’s mission to tackle the housing crisis by finding and implementing solutions in communities that need it most.”
In addition to An, speakers at the ribbon-cutting included funding partners, community leaders and elected officials such as Congressman Darin LaHood, Rochelle Mayor John Bearrows and Thom Amdur, Executive Director of Fairview Housing Partners, an affordable housing nonprofit that partnered with LAC to help finance the development.
“Seniors in Rochelle deserve a beautiful community like Willis Senior Lofts,” said Amdur. “We’re so proud that we were able to partner to make this happen and hope to continue to serve our seniors for many years to come.”
Willis Senior Lofts features a mix of one- and two-bedroom apartments and communal amenities including a fitness center, theater room and community garden. 45 of the building’s 60 units will be leased to residents earning up to 60% of the area median income (AMI), with the remaining 15 units reserved for those earning up to 30% AMI. The building was designed to achieve Enterprise Green and Net-Zero certifications.
The project was financed with a 9 percent Low Income Housing Tax Credit (LIHTC), a first mortgage and $4.9 million in soft funds from the Illinois Housing Development Authority (IHDA) and 45L energy efficiency credit equity. CREA purchased both the LIHTC and 45L credits, and a construction loan was provided by Chase.
“These deeply-affordable homes are made possible through a partnership with the Ogle County Housing Authority, which committed 15 budget-based vouchers over 15 years. It’s about how we can serve those most in need without compromising the project’s financial viability,” An added.

JERSEY CITY, NJ – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, in partnership with G&S Investors and Rockwood Capital, announced the completion and official opening of Oliver on the Hudson, a luxury multifamily community in the sought-after Port Liberté neighborhood of Jersey City. Just steps from the Hudson River and a 15-minute ferry ride away from Manhattan, the 401-unit development delivers scenic waterfront views complemented by a full suite of resort-style amenities.
Strategically located at 190 Chapel Avenue, Oliver on the Hudson delivers direct access to downtown Jersey City, New York City s financial district and vibrant green spaces including Liberty State Park. Residents can access a seamless commute to Manhattan via the Port Liberté Ferry Terminal, just a four-minute walk from the property. Two Hudson-Bergen Light Rail stations and immediate access to Interstate 78 further enhance connectivity. The community spans 2.7 acres alongside the prestigious Liberty National Golf Course and includes bike-friendly paths and landscaped green spaces that connect to the Hudson River Waterfront Walkway.
It is no secret that Jersey City has arrived as the premier regional destination for renters seeking luxury, connectivity and lifestyle. We are proud to be a part of Jersey City s story by delivering this vibrant waterfront community near public transit to working professionals and families in Port Liberté, said Jonathan Gertman, Senior Vice President of Development at The NRP Group. Oliver on the Hudson delivers thoughtfully curated amenities and seamless access to the waterfront and Manhattan. Oliver reflects the future of urban living in one of the region s most dynamic markets.
Residences at Oliver on the Hudson range from studio to three-bedroom layouts, with many featuring private balconies and sweeping skyline views. Interior finishes include fully equipped kitchens with stainless steel GE Appliances, sleek graphite fixtures, polished quartz countertops, porcelain tile backsplashes and modern flat-panel cabinetry. All units include full-size front-load washers and dryers and oversized, backlit mirrors. Select homes with larger floorplans feature cathedral ceilings, spacious breakfast bars or islands, wine and beverage centers and walk-in closets.
Oliver on the Hudson presented an opportunity to meaningfully contribute to one of the region s most dynamic residential corridors, said Abe Naparstek, Partner at G&S Investors. We leveraged our expertise to integrate top-tier design and an exceptional resident experience into a vibrant transit-oriented community. From site selection through lease-up, this community reflects both the character of Port Liberté and the expectations of today s renters.
A robust set of resort-inspired amenities are designed for daily retreat and effortless entertaining. At the heart of the community are two expansive interior courtyards, one of which features a hotel-inspired pool with a cabana house. Both offer lush green space, numerous lounge areas and walking paths that encourage relaxation and connection. A fifth-floor sky lounge with an outdoor terrace provides unobstructed views of the Manhattan skyline.
A clubhouse anchors the indoor amenity experience with a multi-level fitness center, mezzanine yoga and cardio studios, interactive activity zone, catering kitchen with a private dining room, coworking spaces and a 24/7 package concierge system. The development also includes a 602-space secure parking garage, 201 bicycle parking spots, a commuter lounge and secure bike storage. Pet owners benefit from an on-site pet spa and spacious dog park.
KTGY Architecture and Planning served as the lead architect for the five-story building, with Bergmeyer overseeing interior design. Financing for the project includes senior construction loans from Citizens and Fifth Third Bank, with Rockwood Capital providing joint venture equity.

WINSTON-SALEM, NC – Carter and Front Street Capital announced the groundbreaking of Creekside at The Grounds — a new purpose-built student apartment community and the first vertical development within the highly anticipated mixed-use district known as The Grounds.
Centrally located within the 100-acre development overlooking the newly restored Silas Creek, Creekside at The Grounds marks a significant milestone in the transformation of Winston-Salem’s sports and entertainment district, directly adjacent to Wake Forest University. The project represents the first new vertical construction in a dynamic master plan that will blend public amenities, residential, retail, office, and hospitality to create a walkable, year-round community. Since its announcement last year, The Grounds has continued to grow in scale and vision; Creekside now symbolizes the first major step in turning that vision into reality.
Creekside will feature a 229-unit, 521-bed fully furnished residential community tailored for upperclassmen and graduate students. The project will offer: Fully furnished units with each bedroom having a private bathroom; Multiple floor plan options all with high-end, modern finishes; Clubhouse with study rooms and fitness center; Outdoor swimming pool, kitchen, and entertainment area; Direct frontage of the newly remediated Silas Creek and newly constructed multi-use path connecting to The Grounds retail village and Wake Forest University.
“This is the first of several transformative projects that will define the future of The Grounds,” said Adam Parker, Senior Vice President at Carter. “With Creekside, we’re delivering an unprecedented residential experience in Winston-Salem, designed to meet student needs while anchoring this sports and entertainment mixed-use community.”
With demand for high-quality, off-campus student housing continuing to grow, Creekside fills a distinct need in the market, providing a lifestyle-focused student apartment option adjacent to Wake Forest s campus and Winston-Salem s premier event venues, all within the vibrant, dynamic new setting of The Grounds. Creekside also directly connects to the larger trail system and infrastructure improvements currently underway at The Grounds, promoting a walkable, pedestrian-friendly environment that enhances connectivity and supports community living.
“Creekside is unlike anything else in our market. It represents a bold first step for the residential vision of The Grounds, offering students walkable access to everything from football games and concerts to trails and retail to campus and class,” added Coleman Team, President and Managing Partner of Front Street Capital. “We re proud to launch this next step of development with a project that directly supports and connects Wake Forest students and the broader Winston-Salem community.”
Construction of Creekside is underway, with initial sitework and grading beginning this week for a Fall 2027 delivery. The project was designed by The Preston Partnership and is being built by Brasfield & Gorrie. Stimmel Associates is the engineer of record. Carter and Front Street Capital s financial partners on Creekside are Kayne Anderson Real Estate, a national leader in alternative investments, and Truist Financial Corporation, a top-ten commercial bank, which underscores the project’s strong market fundamentals and long-term growth potential. Creekside anchors a Phase One vision now exceeding $215 million in planned investment. Additional projects within Phase One of The Grounds, including an office building and retail village, are in design and scheduled to break ground in early 2026.

PHOENIX, AZ – Toll Brothers Apartment Living®, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, in partnership with Willton Investment Management, announced the opening of Lumara, a new luxury apartment community in North Phoenix, Arizona. Lumara, which welcomed its first residents this past week, sets a new standard for refined desert living with modern apartment homes and resort-style amenities.
The four-story community offers 456 apartment homes with a mix of one-, two-, and three-bedroom floor plans. Residences include gourmet kitchens with stainless steel appliances, quartz countertops, custom cabinetry, and spacious kitchen islands. Additional features include bathroom vanities with integrated LED lighting and smart home technology. Select residences feature built-in work-from-home spaces and private patios or balconies with desert views.
We are thrilled to introduce Lumara to North Phoenix, marking our fourth multifamily community in Arizona, said John McCullough, President of Toll Brothers Apartment Living. Lumara represents our commitment to delivering exceptional living experiences with thoughtful design and unparalleled amenities. This community offers a lifestyle of comfort, convenience, and connection and we are proud to be part of the exciting growth of the North Phoenix regio
Lumara’s extensive amenity offerings include two resort-style pool decks with private cabanas, dual state-of-the-art fitness centers with yoga studios and on-demand fitness programming, a rooftop lounge with grills and firepits, and a sports lounge featuring an interactive simulator. Residents can also enjoy a clubroom with demonstration kitchen and private wine cellar, an Excursion Pub with a bar and gathering spaces, a coworking suite with individual and collaborative workspaces, a two-thirds-mile jogging trail, two dog parks and a pet spa, a maker space for creative pursuits, and various gaming lawns and outdoor lounge areas throughout the community. Additional conveniences include a package system with cold storage, rentable storage spaces, and a mini market.
Lumara offers a unique blend of luxury and convenience, providing residents with a vibrant community in the heart of North Phoenix, said Todd Bowden, Managing Director of Toll Brothers Apartment Living in the Southwest region. Its location near major employers and retail centers makes the community the ideal choice for those seeking a dynamic lifestyle.
Located at 25255 North 19th Avenue, Lumara seamlessly connects residents to everyday adventures and the best of shopping, dining, and entertainment in North Phoenix. The community s location offers easy access to I-17, The Shops at Norterra, and Happy Valley Towne Center, as well as regional employers. Lumara is a short drive from downtown Phoenix, Scottsdale, and outdoor recreation, including the Sonoran Preserve and Lake Pleasant.

PORTLAND, OR – WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, and the Portland Housing Authority have announced the redevelopment, rehabilitation and expansion of Riverton Park, a 182-unit affordable housing community in Portland, Maine.
Located at 2 Riverton Drive and approximately four miles northwest of downtown Portland, Riverton Park represents one of the most significant investments in affordable housing in Maine and the region. This project will have significant benefits to the Riverton community and provide greater housing options for a neighborhood close to major employers, retail, transit, and schools.
The $117 million development includes the renovation of 118 existing units and the new construction of a 4-story building with 64 additional units. Riverton Park targets households earning between 50% and 80% of the Area Median Income (AMI). Notably, 110 units will include project-based rental assistance, ensuring long-term affordability for residents.
The community will offer a diverse mix of floorplans — ranging from studios to six-bedroom townhomes — designed to accommodate households of all sizes. Each residence will feature energy-efficient appliances and modern interiors, including washer/dryer hookups in townhouse units. The renovation will significantly improve the energy efficiency of existing buildings. New continuous insulation, new windows, new roofs, and air sealing will make homes healthier and more comfortable for families. The new construction building will obtain Passive House certification and feature controlled access and elevator service.
Riverton Park has long been a vital part of Portland s affordable housing landscape, said Anil Advani, Executive Vice President of Originations and Finance at WNC. This project continues that legacy while modernizing the community for today s residents. By combining preservation and new construction, we re meeting urgent demand while enhancing the quality of life for hundreds of families.
Beyond the homes themselves, Riverton Park is being reimagined to foster community, health, and opportunity. In the new building, a health clinic will be built for Greater Portland Health, a local non-profit health care provider. This will quadruple the size of the current health center and enable a significant expansion of basic, affordable healthcare services to be provided to the Riverton community. Other amenities include a community garden, recreation field, after-school educational study center, teen center, activity room, and community kitchen. The entire community will have access to on-site playgrounds, laundry facilities, surveillance cameras, and on-site management.
Riverton Park will be financed through a combination of public and private funding sources. This includes equity from the Low-Income Housing Tax Credit (LIHTC) program, along with construction and permanent financing from Maine State Housing Authority. Additional support includes funding from the City of Portland and Portland Housing Development Corporation. Construction is expected to be completed in late 2027.

MIAMI, FL – 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 Aventura South, a contemporary mixed-use community near premier shopping, dining and entertainment destinations approximately 15 miles north of Downtown Miami.
The high-rise community, which will feature 251 homes and 2,510 square feet of ground-floor retail space, represents the second phase of Modera Aventura, which is projected to begin leasing in October. The original phase features 420 homes and 6,400 square feet of retail space. First move-ins at Modera Aventura South are anticipated for fall 2027.
“We’re excited to get started on Phase II of the Modera Aventura master plan, which will benefit from its strategic location near the Brightline commuter rail and Aventura Mall, Florida’s renowned shopping destination and one of the top malls in the country,” said Andrea Rowe, senior managing director of development in South Florida for Mill Creek Residential. “While Modera Aventura South will be smaller than its predecessor, the communities will combine to feature nearly 700 homes and nearly 9,000 square feet of retail space, which we believe will serve as key additions to an area that continues to emerge as a prime living destination. We’re eager to deliver a top-of-market living option in a flourishing neighborhood with thoughtfully planned areas for new development.”
Situated at 2681 NE 191st Street, Modera Aventura South sits in the emerging Ojus neighborhood of northeast Miami-Dade County and adjacent to Aventura, a master-planned suburban city with premier shopping and dining destinations. The community is positioned between Biscayne Boulevard and the West Dixie Highway in a former industrial area undergoing a rapid and lively revitalization. The commuter-friendly location is a few blocks south of a Brightline train station and within a short drive of Interstate 95, the gateway to the greater Miami metropolitan area.
Modera Aventura South will offer one-, two- and three-bedroom homes with select den and penthouse layouts. Community amenities will include a sky terrace with city views, sky lounge with game room and wine lounge, elevated rooftop pool deck with resort-style swimming pool, spa with salt room and sauna, clubhouse lounge with hosting-ready kitchen, outdoor kitchen and dining area, grilling area, pet spa, landscaped courtyards and a club-quality fitness center with cardio equipment, TRX system, Peloton bikes, yoga/Pilates studio, group fitness area and kid’s play area. The community will also offer a conference room, coworking spaces, private workstations, controlled-access garage parking with EV-charging stations, bike storage and repair station, dedicated storage area including cold storage and controlled-access guest technology.
Homes will feature up to 10-foot ceilings, wood-style plank flooring, stainless steel appliances, quartz countertops, pull-down faucets, tile backsplashes, kitchen islands with storage, custom cabinetry, built-in desks and shelving, in-home washers and dryers, spacious closets, smart thermostats, keyless entry and private patios or balconies. Select homes will offer breakfast bars and separate dining areas. Bathrooms will feature spa-like soaking tubs, tile shower surrounds and linen closets. The community will be built to, and is pursuing, an NGBS Silver certification.

LAS VEGAS, NV – CONAM Strategic Investments Fund IV LP, a discretionary fund sponsored by The CONAM Group, announced the purchase of Reverb at Spring Valley, a 180-unit multi-family community in Las Vegas, NV. This property adds to CONAM’s portfolio within the Las Vegas market and is the latest acquisition in Fund IV.
Completed in 2000, Reverb at Spring Valley features two-story garden style buildings with large floor plans and majority two-bedroom floor plans. The community amenities include a clubhouse with a coffee bar, game room, fitness center, and a pool deck with assorted outdoor games, fire pits, and barbeques for residents.
“CONAM, which has long enjoyed a robust presence in the Las Vegas market, has been focused on expanding its presence seeking quality, well located assets at an attractive cost basis. We are pleased with the addition of Reverb at Spring Valley to our portfolio as it complements our fund investment strategy and holdings throughout the Las Vegas market,” says Zach Markell, CONAM’s Western US Acquisitions Director. “Reverb at Spring Valley will continue to flourish in the dynamic Summerlin/Spring Valley market with its robust population growth, strong lifestyle amenities, and diversifying economy.”
Reverb at Spring Valley is located along the Las Vegas Beltway at the nexus of Summerlin and Spring Valley, which provides residents with easy access to major employers in Southwest Las Vegas and on the Las Vegas Strip. Nearby, residents can access major retailers such as Target and Albertsons, a multitude of dining options, the Las Vegas Athletic Club, and the dynamic retail and lifestyle amenities in Downtown Summerlin and The Curve.
CONAM continues to evaluate opportunities that align with our investment strategy in Fund IV. We are active buyers within the market and are excited to continue to grow the portfolio nationally.