AUSTIN, TX – Endeavor Real Estate Group announced that its newest apartment community, Solomon, is open and welcoming residents. Professionally managed by Greystar, Solomon is comprised of 369 apartment homes in studio, one- and two-bedroom layouts that range from approximately 500 to 1,340 sq. ft.
The residences feature smart home technology including Bluetooth-enabled entry locks, Wi-Fi-enabled lights, smart thermostats and USB ports throughout powered by AT&T Fiber. Other features include built-in serving bars and wine fridges, premium wood-look floors, custom full-height cabinets with brass pulls, large windows for natural light, custom closet shelving, and oversized laundry rooms.
The rooftop pool and amenity deck steals the show with 270-degree views, a 25-foot video display, outdoor grilling and dining areas, and a 1,300-square foot resort-style covered cabana lounge. The content creation room and podcast studio are unique to the submarket, giving creative residents a place to hone their craft. Other amenities onsite include a state-of-the-art fitness center, two activated courtyards with outdoor living and coworking spaces, a clubroom with kitchen and gaming/TV area, and a fifth floor sky lounge with kitchen and entertaining spaces and direct pool area access. Residents have access to 1GB Wi-Fi throughout the common areas.
Solomon will also have onsite retail and will be home to a new location of Fresa’s Restaurant coming soon. The Mueller neighborhood provides plenty of additional dining and nightlife options including Paco’s Tacos, Capriotti’s Sandwich Shop, Chilantro, WitchCraft Tap Room & Bottle Shop, Lazarus Brewing Co. and more. Recreational amenities include Alamo Cinema & Drafthouse, Mueller Lake Park and trails, Texas Farmers Market at Mueller, The Thinkery, Morris Williams Golf Course, and Blue Starlite Mini Urban Drive-In, among others. The community is conveniently located just two minutes from I-35 and is a short drive from Downtown Austin.
“Solomon has a high-end feel with market-leading finishes and amenities that residents will love,”Collin Aufhammer, Vice President of Development, said. “The community is perfect for residents seeking the close proximity to amenities of the urban Mueller neighborhood but without having to pay the high prices of Downtown Austin for that sort of lifestyle.”

DALLAS, TX – Waterford Property Company, The Vistria Group, and Northern Liberties, in partnership with the Dallas Housing Finance Corporation (DHFC), announced the acquisition of a 395-unit class A multifamily community located at 8169 Midtown Blvd. in Dallas.
The joint venture purchased the property, known as Domain at Midtown Park, and at the same time entered into a long-term ground lease with the DHFC. With this acquisition, the owners will immediately restrict rents for new qualified residents to create stable workforce housing as part of an agreement with DHFC in exchange for 100 percent property tax abatement for 99 years.
“Core to our investing and impact philosophy is that creating more affordable housing is a crucial element in building more resilient households and vibrant communities, said Margaret Anadu, Senior Partner and Head of Real Estate at The Vistria Group. We are thrilled to partner with Waterford Property Company and Northern Liberties to ensure housing is affordable at Domain for years to come and look forward to working alongside our community partners to deliver essential services to our residents.”
Created by the City of Dallas in 1984, DHFC provides tax-exempt mortgage revenue bonds and other support for the acquisition, construction, or substantial rehabilitation of multifamily housing as part of Dallas department of housing and neighborhood revitalization.
Through this acquisition, Waterford is continuing its mission to pursue innovative essential housing solutions. We ve worked diligently over the last few years in California to build a portfolio of workforce-focused housing using a creative approach to lower costs for residents impacted by the high cost of living. Now we re able to focus on a similar much-needed solution in Texas with our partners and the City of Dallas, said Waterford Co-Founder John Drachman.
Northern Liberties entry into the Dallas market highlights our investment thesis to acquire well-located assets in high-growth markets where we can create or preserve workforce and affordable housing. Our mission is to create housing stability while providing year-round services that empower our residents. By acquiring properties, investing in people, and creating community, people prosper, said Northern Liberties Co-Founder and CEO Sharif Mitchell.
As Dallas has experienced strong growth over the past 10 years, its rents have continued to climb, like many across the country, and the city is dealing with affordability issues. The cost of housing has gone up as much as anywhere in the United States and police, teachers and other essential workers are the ones who are at risk. This is just the beginning of our focus on Texas and the opportunity to be part of the solution to bring more affordability into the market, said Waterford Co-Founder Sean Rawson.
Domain at Midtown Park was built in 2016. The community is located within the suburban neighborhood of Lake Highlands in Dallas, strategically positioned in the commercial district of Midtown Park. The property offers an abundance of amenities including clubhouse, fitness center, business center, BBQ grill area, outdoor lounge, cabana/pergola, dog park, and resort-style pool, storage units and a golf simulator.
The community s current tenant base is comprised primarily of moderate-income workforce employees and families. As noted, the joint venture will restrict rents at the property setting aside 51 percent of the units for residents who make 80 percent average median income (AMI), 39 percent of the units for families who make 140 percent AMI, and 10 percent of the units at market rate.
Freddie Mac through Walker & Dunlop provided debt for the transaction.

SAN ANTONIO, TX – Hamilton Zanze, a San Francisco-based real estate investment firm that owns and operates multifamily communities nationwide, announced it has sold BLVD at Medical Center, a 248-unit apartment community in San Antonio. The firm acquired the property in June 2016, and after instituting a comprehensive capital improvement program, closed the sale on March 19.
Hamilton Zanze’s successful renovation efforts included upgrades to the apartment homes, building exteriors, common-area amenities and landscaping. The improvements focused upon enhancing the resident experience and enabling the community to operate more efficiently.
“We are very pleased with the disposition of BLVD at Medical Center,” said Anthony Ly, Senior Director of Transactions at Hamilton Zanze. “As we always aim to do, we were able to add value and optimize the living experience through the strategic execution of a capital improvement program and a commitment to outstanding resident service. As a result, the community performed well, created a strong cash flow and delivered targeted returns to our investors, and was also a sought-after asset on the for-sale market.”
Situated at 4980 USAA Boulevard approximately 13 miles northwest of Downtown San Antonio, BLVD at Medical Center was built in 2016 and features one-, two- and three-bedroom units with an average size of 776 square feet. Apartment features include stainless steel appliances, walk-in closets, granite countertops and full-size washers and dryers. Community amenities include a resort-style pool, yoga studio, 24-hour fitness center, outdoor kitchen, playground, e-lounge/business center and valet trash service.
BLVD at Medical Center is located next to a protected greenbelt and offers easy access to Interstate 10 and Loop 410. The community also is near many of the area’s major employers, including the global headquarters of USAA, South Texas Medical Center, Valero Energy and the University of Texas at San Antonio.
The sale represents Hamilton Zanze’s third disposition in 2024. The firm has sold over $4 billion in multifamily properties since its founding in 2001.

PEARLAND, TX – Knightvest Capital, a vertically-integrated multifamily investment company, announced the successful acquisition of Discovery at Shadow Creek Ranch apartment community in the growing Houston suburb of Pearland, Texas. With this acquisition, Knightvest now owns an active portfolio of over 35,000 units, firmly establishing itself as one of the largest apartment owners in the United States.
Originally built in 2010, the 347-unit apartment community features spacious garden-style buildings. Knightvest plans to renovate and reposition the property by updating unit interiors with contemporary finishes to meet the demands of modern residents. Additionally, Knightvest plans to enhance the property’s amenities, including an expansion and renovation of the fitness center, pool, and clubhouse. As part of the modernization efforts, Knightvest will rename the community to Barron Park.
“Over the last decade, we’ve quietly grown to become one of the largest multifamily owners in the country by delivering dependable results driven by our consistent ability to identify underperforming properties and transform them into modern communities that compete with new construction,” said David Moore, Knightvest Founder and CEO. “Once again, our talented team has identified a compelling opportunity with the Barron Parkcommunity with the purchase price significantly below the replacement cost.”
The Houston suburb of Pearland, Texas, faces a limited supply of high-quality multifamily housing options and no remaining multifamily sites available to develop. At the same time, it’s experiencing growing demand given its proximity to the world’s largest medical center with $5 billion in new development underway at the Texas Medical Center. The growing area boasts top-tier school districts, strong proximity to major employers, and a robust economy.

JACKSONVILLE, FL – Multifamily real estate investment firm, Southeast Property Group, has acquired a two-property, 328-unit apartment portfolio in Jacksonville, Florida. Due to the distressed nature of the properties, Colonial Forest and Northwood Apartments will be re-branded to The Belmont and Avenue at 1601, respectively.
The Florida based investment firm has already begun a $9.7 million renovation program that includes significant updates, such as: new roofs, exterior paint, re-plumbing, amenity and landscape upgrades and other improvements, including updates to all of the apartment unit interiors.
“We are very excited to have had the opportunity to purchase both assets at below market pricing. We’re looking forward to improving not just the look of the properties, but the overall community for the immediate area as well as for the City of Jacksonville.” said Southeast Property Group Principal, Joe Rubin.
The properties were acquired from the Chetrit Group, headed by Joseph Chetrit and were originally acquired as part of an 8,000-unit portfolio, secured by a loan from JP Morgan. Southeast Property Group was presented the distressed opportunity from an off-market brokerage relationship.
“We are pleased with being able to transact with Mr. Chetrit. It was a very unfortunate situation, but thanks to our capital partners, we stand ready with plenty of dry powder to provide capital and expertise in these exact scenarios. In a very uncertain market, our team was able to move swiftly to make sure the transaction closed on the agreed upon price and terms.” said Southeast Property Group Principal, Richard Shuster.

JERSEY CITY, NJ – Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced that it has completed a $71 million acquisition, preservation and renovation project at Grandview Terrace Apartments, a 283-unit senior housing complex located in the Journal Square Neighborhood of Jersey City, New Jersey.
The upgrades to Grandview Terrace encompass a variety of holistic improvements including building modernization, energy efficiency upgrades, unit renovations and the addition of an enhanced, high-definition monitoring system providing site wide security coverage and ensuring adherence to HVPG’s community standards.
“We’re elated to unveil the revitalized Grandview Terrace, a collaborative effort with the Jersey City Housing Authority (JCHA) and HUD that will ensure long-term affordability for local seniors that were previously at-risk of losing access to this affordable housing and possibly being displaced,” said Jason Bordainick, co-founder and managing partner of Hudson Valley Property Group. “From the comprehensive modernization to the installation of advanced security measures, every aspect of this project reflects our commitment to creating secure, inviting places for our residents to call home.”
The renovations within the 283-unit complex totaled $15.2 million (~$53,500 per unit) and include new kitchen cabinetry and countertops; new high-efficiency, stainless steel appliances; high output lighting and water conserving fixtures; and the creation of fully compliant ADA and H/V units. Interior upgrades also included new flooring with subfloor repairs; wall patching and painting; and a new sky lounge for residents with a stretching room, community room, library and computer center with views of New York City.
The initial acquisition and substantial rehabilitation of the Grandview Terrace Apartments was financed with equity from HVPG’s second affordable housing fund (HVPF II) and a construction loan from Key Bank. Upon completion of the 16-month construction and preservation project in February 2024, the loan was refinanced under the HUD Section 223(f) program with KeyBank.
To ensure the long-term affordability of the property, HVPG secured a new, 20-year HUD Regulatory Agreement. Additionally, HVPG was able to unlock new rental subsidy for tenants as a result of the previously existing expired HUD 202 restrictions through both project-based and tenant-based Section 8 vouchers. The Jersey City Housing Authority played a critical role in this project and serves as the new contract administrator for all of the HUD Section 8 voucher units. HVPG and JCHA worked in partnership to secure new Section 8 subsidy for 267 low-income households that did not previously receive any rental assistance. This will ensure that income-qualified tenants are protected and will pay no more than 30% of their income in rent. No residents were displaced because of this transaction.
“The JCHA appreciates the opportunity to partner with Hudson Valley Property Group, HUD, the City and the County to preserve and provide quality, safe affordable housing to the senior citizens of Jersey City and Hudson County at Grandview Terrace”, said Patricia Ramirez, Director of the Housing Choice Voucher Program of the Jersey City Housing Authority.
The project follows Hudson Valley Property Group’s recent acquisition of a 1140-unit affordable housing portfolio across Maryland and North Carolina, and Northgate One Apartments in Camden, NJ. As the demand for affordable housing continues to rise, HVPG intends to further expand its portfolio and offer additional high-quality affordable housing options throughout the United States. HVPG currently owns over 10,650 units of affordable housing across 65 properties throughout the Northeast, Midwest, Mid-Atlantic and Southeast regions.

WASHINGTON, DC – TM Associates, United Planning Organization (UPO), and Gilbane Building Company were joined by the Department of Housing and Community development (DHCD), Department of Human Services (DHS), DC Housing Finance Agency (DCHFA), partners, and community members to announce the grand opening of MDXL Flats Apartments, a highly anticipated affordable residential community offering 101 affordable apartments in the heart of Washington, DC’s Buzzards Point neighborhood.
MDXL Flats Apartments joins sister community, MDL Flats, in setting a new standard for affordable luxury housing that blends seamlessly into the city’s sleek skyline adorned with glass-clad architecture.
From modern interiors, vibrant community space, and views overlooking Nationals Park and the Capitol Building, MDXL Flats Apartments caters to the distinct needs and preferences of its residents.
Key highlights of MDXL Flats Apartments include: Spacious and thoughtfully designed one-bedroom, two-bedroom, three-bedroom and even four-bedroom apartments, affordable to households earning between 30% and 50% of the average local median income. High-end finishes and panoramic views of the city. Convenient access to a wide array of dining, shopping, and entertainment options, including Audi Field, with ground-level retail. Dedicated resident services and on-site management and maintenance, ensuring residents receive prompt assistance and personalized attention. Access to quality schools, transit, and arts & culture in Ward 6.
“The delivery and grand opening of MDXL Flats completes TM’s $110m investment into the transformation of this corner in DC”, said Bob Margolis, Owner/Chief Executive Officer of TM Associates. “This milestone not only marks the completion of a remarkable project but also reflects TM’s steadfast dedication to enhancing vibrant communities. Through the introduction of high-quality, affordable rental homes, we are committed to driving lasting positive change.”
MDXL Flats, and its sister community, MDL Flats – who opened their doors in 2021, make up 177 affordable residential units, contributing to Mayor Bowser’s goal of creating 12,000 affordable homes by the end of 2025. More than 220 DC residents contributed to the construction of MDXL Flats. The project exceeded its goal of 35% certified business enterprises (CBE).
“We know that to achieve the Mayor’s bold housing goals, we have to be even bolder with our actions. MDXL Flats is an example of how we can use targeted investments and intentional planning to deliver affordable housing in more parts of our city. We thank all of the partners who made this project a reality for the residents who will call this building home,” said Deputy Mayor for Planning and Economic Development Nina Albert.”
UPO President and CEO Andrea Thomas said, “Housing is a persistent concern for DC residents, so UPO is proud to be a partner in providing housing stability to people with low incomes and supportive services to those who were unhoused. Most importantly, we are excited to hear the new residents declare, ‘I’m home.'”
“Gilbane Building Company is very proud of this project for not only the impact that more affordable housing options will have on the community but also the positive impact the project had throughout construction,” said Tyler Swartzwelder, business leader for Gilbane’s Washington, DC office. “Fifty percent of construction contracts, totaling more than $14 million, were awarded to diverse-owned and small businesses. Thanks to clients like TM Associates, who share our commitment to advancing diversity, equity, and inclusion, Gilbane is more than halfway towards our goal of generating $4 billion in awards to MWBE+ businesses by 2027.”

CHANDLER, AZ – Olympus Property announced the acquisition of Alta Chandler at the Park, a prominent residential community situated in Chandler, Arizona. As a premier community, Alta Chandler at the Park offers residents access to luxury living and unparalleled career opportunities. With 291 units, this four-story, mid-rise community represents a significant addition to Olympus Property’s portfolio, furthering the company’s mission to invest in top-tier properties in thriving markets.
Olympus Property currently oversees a portfolio of approximately 31,000 units across various markets. This acquisition further strengthens the company’s multifamily portfolio of approximately 5,500 Class A units in the Phoenix metropolitan statistical area (MSA) and aligns with Olympus Property’s commitment to providing residents with high-quality living experiences in attractive submarkets.
“Alta Chandler at the Park offers a generational opportunity to acquire high quality real estate in one of Arizona’s most dynamic submarkets. This addition underscores our commitment to investing in newly constructed high-quality assets located in submarkets with strong employment and economic tailwinds. We look forward to leveraging our experience and resources to enhance the resident experience and contribute to the continued growth of the Chandler community,” notes Wade Madden, Chief Executive Officer at Olympus Property.
Alta Chandler at the Park is situated adjacent to the area’s premier economic hub, the Price Corridor. In turn, the property benefits from its proximity to robust industries such as high-tech manufacturing, aerospace, information technology, finance, and advanced business services. With over 44,400 jobs and industry leaders like Wells Fargo, Bank of America, Dignity Health, and Northrop Grumman, the Price Corridor serves as the focal point for high-profile business operations in Chandler. Moreover, the property is strategically positioned to capitalize on Chandler’s ongoing economic growth, illustrated by significant investments from blue-chip companies like Intel. Intel’s recent $20 billion expansion of their Ocotillo campus, the largest private-sector investment in Arizona’s history, is expected to generate thousands of tech and construction jobs, solidifying the city’s status as a thriving economic hub.
Alta Chandler at the Park sets the standard for refined living with a range of top-tier amenities. From the convenience of the UrBo! Bodega Convenience market to the modern fitness center, speakeasy lounge, open concept club room, micro-offices, and rooftop lounge, the property caters to modern lifestyle needs. Additionally, the apartment interiors feature nine-foot ceilings, spacious kitchen islands, stainless steel appliances with gas cooktop ranges, and illuminated bathroom mirrors, ensuring a comfortable and stylish residential experience.

PITTSBURGH, PA – BAM Capital, alongside development partner Milhaus, proudly introduces Nox, a transformative Class A+ multifamily community project set in the burgeoning area of Robinson Township, Pittsburgh, PA. This strategic collaboration marks a significant milestone in offering sophisticated living spaces and investment opportunities in one of the most dynamic and economically vibrant regions of the United States.
BAM Capital has a legacy of excellence in real estate investment. Founded on a commitment to integrity, innovation, and excellence, BAM Capital has established itself as a leader in the multifamily real estate sector. With a keen eye for emerging market trends and an unyielding dedication to maximizing investor returns, BAM Capital has successfully managed properties that resonate with the modern resident while offering substantial value to its investment partners.
Milhaus, a premier real estate development and management company, brings its expertise in creating high-quality, sustainable urban housing solutions. Known for its innovative approach to design and community building, Milhaus has been instrumental in transforming neighborhoods into vibrant, desirable places to live. Their partnership with BAM Capital in developing Nox underscores a shared vision for excellence and a commitment to positively impacting the communities they serve.
Introducing Nox, a new standard of living. Nox represents the pinnacle of urban living, offering residents a unique blend of luxury, convenience, and connectivity. Situated in Robinson Township, an area known for its robust retail environment and close proximity to downtown Pittsburgh, Nox promises an unmatched living experience. The development is designed to meet the needs of a diverse demographic, from young professionals to families, offering a mix of studio, one, and two-bedroom units, each outfitted with high-end finishes and state-of-the-art amenities.
The Nox development project, a strategic investment initiative by BAM Capital, is poised for a significant impact on the Robinson Township, Pittsburgh, PA, landscape over a concise investment horizon of 3 years. The development is scheduled to commence construction in July 2024, with the first units earmarked for delivery by October 2025 and completion anticipated by November 2026.
This strategic venture not only highlights BAM Capital’s commitment to delivering superior risk-adjusted returns but also underscores the firm’s adeptness at navigating the multifamily community development landscape.
“BAM Capital remains highly selective and opportunistic in its ongoing endeavor to be the most trusted steward of investor capital,” notes Ivan Barratt, Founder and CEO of BAM Capital. “The Nox project is another great example of how, through key relationships and a disciplined approach, we are able to democratize access to institutional-quality assets for our valued partners,” adds Barratt.

PORTLAND, OR – JLL Income Property Trust, an institutionally-managed daily NAV REIT with approximately $7 billion in portfolio equity and debt investment, announced the acquisition of Creekview Crossing, a class-A 183-unit apartment community located in the suburban Portland market of Sherwood, OR. The purchase price was approximately $61 million and includes the assumption of an in-place $26 million mortgage loan, which has an attractive below-market interest rate of 3.09%.
“Supported by strong fundamentals and demographic tailwinds, the residential sector is one of our highest conviction property sectors, producing inflation-hedging rental growth that we believe will be a stable and growing source of income for our stockholders,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “Creekview Crossing’s desirable location in an affluent suburban area with high barriers to entry make this acquisition an outstanding addition to our already substantial residential portfolio allocation of more than $2.7 billion of apartment communities and single-family rentals.”
“This is an extremely attractive investing environment,” continued Swaringen. “While property fundamentals in real estate remain strong, valuations are at a more attractive entry point that should produce long-term value for our portfolio, as signs are pointing to the start of a new market cycle.”
Constructed in 2009, Creekview Crossing offers spacious garden-style and townhome features with outstanding amenities designed to appeal to residents of the upscale suburban area of Sherwood. Located approximately 12 miles from downtown Portland, Sherwood is home to a diverse base of economic drivers, including advanced manufacturing, healthcare and business services. Sherwood has also seen strong population growth, attributable to its connectivity to the greater Portland metro area, proximity to the region’s employer base, and limited rental alternatives. In fact, there has only been one apartment community built in the area since 2010, creating strong demand for existing rental options like Creekview Crossing. The highly regarded Sherwood School District also attracts many residents, with a ranking of fourth out of 160 school districts in Oregon.
For these reasons, suburban Portland is considered an overweight apartment market by LaSalle Research & Strategy’s target market analysis. Additionally, Oregon’s Urban Growth Boundary restricts urban sprawl and limits new competitive development – an advantage to existing owners of properties.
“Our unique UPREIT structure along with our diversified portfolio and daily valuation were attractive to a portion of the selling group who chose to contribute this property in exchange for interests in our operating partnership rather than selling for cash,” said Swaringen. “This provided half of the ownership group a tax efficient sale with the benefit of long-term estate planning while allowing JLL Income Property Trust to make a strategic acquisition with a significantly reduced cash outlay.”
Swaringen added: “Our ability to provide customized outcomes for property sellers gives us a strong advantage as buyers in the current marketplace. Further, as an attractive borrower in this challenged lending environment, working through the assumption of this below-market loan should benefit our stockholders for the remaining 31-year life of the loan.”
This investment brings JLL Income Property Trust’s aggregate residential allocation to more than $2.7 billion, or 42 percent of the portfolio, comprised of 28 apartment communities and more than 4,400 single-family rental homes.