NORFOLK, VA – Harbor Group International, a privately owned international real estate investment and management firm, announced that its Multifamily Credit Fund (“the fund”) has secured a total of approximately $1.6 billion in capital commitments, including a $585 million USD commitment from CPPIB Credit Investments III Inc., a wholly-owned subsidiary of the Canada Pension Plan Investment Board (“CPP Investments”). The commitment marks CPP Investments’ third investment with HGI since 2019.
The fund seeks to achieve attractive risk-adjusted returns by investing in U.S. multifamily credit opportunities including senior mortgage loans, Freddie Mac K-series bonds, preferred equity and mezzanine debt investments, and investments in securitized multifamily mortgage products.
“We are thrilled to continue our relationship with CPP Investments through this partnership as our lead investor for the Multifamily Credit Fund,” said Richard Litton, President, HGI. “The fund is uniquely positioned to build on HGI’s track record both as an investor in multifamily credit strategies and as a multifamily operator with a large national portfolio. We also expect to benefit from the current rate environment as we seek to achieve positive returns for our investors.”
The commitment strengthens HGI’s and CPP Investments’ tenured relationship. In 2020, CPP Investments served as the lead investor in HGI’s multifamily whole loan platform, committing $110 million, and in 2019, CPP Investments committed $180 million to HGI’s Freddie Mac Supplemental Loan program.
“We continue to view multifamily credit investments as resilient assets that are well positioned to drive strong returns for the CPP Fund over the long term,” said Geoffrey Souter, Managing Director, Head of Real Assets Credit at CPP Investments. “HGI is a market leader in this space and we are pleased to extend our relationship with them through this new investment.”
As a national commercial real estate investor, owner and operator, more than 80% of HGI’s portfolio is composed of multifamily-related investments.

BYRON, GA – Carter Multifamily has announced its acquisition of Brighton Park, a 200-unit apartment community on Watson Boulevard in Byron (Warner Robins), Georgia for the purchase price of $34.5 million. Built in 2001 and spanning approximately 222,392 rentable square feet, Brighton Park offers well-designed one, two, and three-bedroom apartment homes.
The property is located in the growing Middle Georgia region, an excellent location for residents given its proximity to thoroughfares I-75 and I-16 which allows for easy access to the surrounding logistics and manufacturing employment hubs, and to companies such as Perdue Farms, Northrop Grumman and Frito Lay. The Middle Georgia region is also exemplary for higher education, with six universities within a 50-mile radius, such as Mercer University and Georgia Military Institute.
“We’re excited to continue to grow our footprint in the burgeoning market of Warner Robins/Middle Georgia. We believe the area continues to be an attractive multifamily market as evidenced by continuous population and job growth, as well as excellent connectivity to the country’s leading industry hubs of aerospace, manufacturing, and logistics. We believe that the Warner Robins submarket will continue to fuel demand growth for high-quality, affordable multifamily housing, and that Brighton Park will be a valuable addition to our real estate portfolio,” said Ray Hutchinson, chief investment officer of Carter Multifamily.
Property amenities include: pool, fitness center, playground, gated community, clubhouse, parking, carwash, tennis courts, laundry facilities, business center, grills, dog park, movie theater, and a vegetable garden. Carter Multifamily intends to execute a value-add strategy which will include operational improvements, upgrades to community amenities, interior unit renovations, and exterior plant improvements.

ATLANTA, GA – Quarterra, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager, announced the opening of its newest community, Emblem Riverside, in the Atlanta suburb of Douglasville.
The garden-style community features 320 apartment homes near the Chattahoochee River and Sweetwater Creek State Park offering an unmatched destination lifestyle, and easy access to neighborhood schools, employers and prime transportation routes. Phase II of the community will deliver in September 2023 and includes an additional 105 apartment homes including 25 townhomes.
Emblem communities were created by Quarterra to help address the nationwide shortage of attainable housing available to middle-income renters – making Emblem Riverside’s central location within Atlanta’s top logistics and ecommerce corridor, and immediate connectivity to major job centers throughout Atlanta providing access to over 525,000 workers, is even more vital.
“Atlanta is one of the fastest-growing housing markets in the country, and Emblem Riverside puts residents within easy reach of the city while offering the intimate feel and lifestyle of a suburban community,” said Ray Crocker, Senior Vice President of Development with Quarterra. “The community features the top-flight amenities package and a modern living experience that has become the trademark of the Emblem brand. We’re excited to bring this opportunity to Douglasville, and further enhance an already thriving community.”
Emblem Riverside residents will find convenient retailers and well-known restaurant options located along Thornton Road, with unique dining establishments and boutique shops a short distance away in Downtown Douglasville. Recreational opportunities abound, with Tributary Tennis Center, Chattahoochee River and Sweetwater Creek State Park, with its historic ruins, hiking trails, and camping, boating and fishing at 215-acre George Sparks Reservoir.
Situated at 1551 Riverside Highway, Emblem Riverside affords easy connectivity to Interstates 20 (east-west) and 285 (north-south), as well as local thoroughfares like Fulton Industrial Blvd. and Riverside. The Douglas Connect bus route runs along Riverside Parkway, providing connections to the Marta bus line and the greater Atlanta Metro Area, including neighboring Mableton, Villa Rica and South Fulton. The location also creates quick commutes to quality schools and regional employers like Douglas County, Google, Pepsi, Switch Data, ResMed, Quaker Oats, Wellstar Douglas Hospital and Amazon. Surface parking and rentable garages are available on site.
Part of the re-envisioned next generation of apartment homes by Quarterra – Emblem Riverside consists of one- and two-bedroom apartment homes, ranging from 738 to 1,194 square feet. Phase II will include one, two and three-bedroom homes, ranging from 737 to 1,719 square feet. In-home highlights include move-in ready internet, pendant lighting, quartz countertops on kitchen counters and islands, Whirlpool appliances including washers and dryers, wood-style vinyl plank flooring in living spaces and tiled shower and tub surrounds.
All residents will have access to a pool area with sundeck and seating, outdoor grilling stations, clubhouse with social kitchen, a fitness center, social lounge, outdoor veranda, secure package room and dog run.
Emblem Riverside is Quarterra’s fifth Georgia community, joining Gentry and Vireo in Atlanta, Emblem Grayson in Loganville, and Emblem Conyers, currently under construction, in Conyers.

AURORA, CO – Wood Partners, a national leader in multifamily real estate development, announced the groundbreaking of a new project in Aurora, Colorado under the working name Alta Addison. With construction currently underway, the community is set to start pre-leasing at the end of 2023 and open in early 2024.
Located adjacent to E-470 at 7399 South Addison Court, future residents will enjoy quick access to major employment hubs including the Denver Tech Center, Buckley Airforce Base and Fitzsimons Medical Campus as well as a direct shot to Denver International Airport. There are several public outdoor and indoor amenities for residents to enjoy including the Aurora and Cherry Creek Reservoirs, the Arapahoe County Fairgrounds, Bally’s Arapahoe Park Horse Track, several golf courses, as well as the upscale Park Meadows and Southlands Mall.
“We’re thrilled to officially break ground on our first project in the City of Aurora,” said Walter Armer, Managing Director at Wood Partners. “It was an incredibly collaborative process with the neighbors and City to ensure this not only fit but enhanced the area. We look forward to providing a high-quality, yet attainable housing option that will enable residents to take full advantage of all that Aurora and the surrounding communities have to offer.”
The lead architect for the project, Hord Coplan Macht, designed the exterior of the community with inspiration from the Rocky Mountains. Once complete, the community will offer 186 apartment homes comprised of one-, two- and three-bedroom floor plans thoughtfully designed with families and work from home in-mind. Each home will feature ample space for residents to use as office or flex and be fully outfitted with high-end finishes including stainless steel appliances, quartz countertops, tile backsplashes, 42″ cabinets, full-sized washer and dryers and wood style flooring.
Alta Addison residents will also enjoy a variety of amenities located within the community itself. These include a resort-style pool and spa, outdoor grilling stations and game area, bike and ski repair shop, clubhouse with a fitness center, micro-offices and a pet spa. Due to the adjacent wetlands, there will also be three acres of on-site open space featuring walking trails and seating. Wood Partners plans to take full advantage of this space by providing natural education programs like beekeeping and bird watching. The whole project will also be landscaped with native, water-wise plantings.
Residents, along with neighboring communities, will enjoy direct access to Red-Tailed Hawk Park and the Denver Metro trail system, which contains hundreds of miles of walking and biking trails and other outdoor amenities. All this thanks to a new trail connection off Addison Court being installed by Wood Partners.
“The most exciting part of this,” Armer said, “is that we are taking an abandoned piece of land and not only enhancing the neighborhood by providing new trail access but also adding much needed housing in such a desirable location. Really a win-win.”

LAS VEGAS, NV – MG Properties, a private San Diego-based real estate investor, owner, and operator, is further expanding their presence in the Las Vegas metro with the acquisition of Tribeca North Apartment Homes. This is the first acquisition of 2023 for MG Properties after acquiring 18 properties in 2022 totaling nearly $2 billion.
This 312-unit community offers luxury low-density apartments with an attractive design, resort-style amenities, and functional floorplans with available garages. Tribeca North offers an ideal location providing access to employment centers including over 57 million square feet of industrial buildings in North Las Vegas, the recently approved 2.3 million square feet Helios mixed-use medical campus, and minutes to the Las Vegas Strip.
“We are pleased to be further growing our long-term presence in the Las Vegas metro,” said Jeff Gleiberman, President of MG Properties. “This community is situated in a highly desirable submarket which has experienced exponential population and job growth throughout the past decade.”
In addition to this new acquisition, MG Properties operates over 2,000 units in the greater Las Vegas area and is well-positioned to leverage management efficiencies and benefit from economies of scale.
The seller, The Bascom Group, was represented by Spencer Ballif, Adam Schmitt, and Jannie Mongkolsakulkit of CBRE. The property was financed by a Fannie Mae loan provided by Bryan Frazier and Blake Hockenbury of Walker & Dunlop.

LOS ANGELES, CA – Ethos Real Estate, an affordable and mixed-income multifamily investment firm, announced the company has closed on the $76 million purchase of the Residences at Woodlake, a 276-unit multifamily property in the Crenshaw District of Los Angeles.
Under the deal, Ethos will be converting the formerly market rate property into deed restricted affordable housing through a unique public private partnership that leverages a California statutory property tax exemption. Under the deed restriction, half of the units will be restricted to families earning up to 80% of the Average Median Income (AMI) for Los Angeles, and 10 percent will be restricted to families earning up to 60% of AMI, for 55 years.
We are excited to be scaling the potential for public private partnership around the production of affordable housing, said Jennifer McElyea, Ethos Real Estate Managing Partner. California has a critical shortage of public funds to address the housing crisis and innovative models will absolutely need to be part of the solution.
The property was the second purchase for Ethos joint venture with GCM Grosvenor, investing on behalf of its clients. GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $73 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies.
We are proud to be partnering with Ethos in ways that creatively address the shortage of affordable housing in communities across California, said Peter Braffman, Managing Director at GCM Grosvenor.

NASHVILLE, TN – Cantor Fitzgerald announced the sale of Rivertop Apartments in Nashville, Tennessee. The sale was facilitated on behalf of investors in Rivertop Apartments, resulting in a total return of 137% of their aggregate original investment and an internal rate of return of 12% over the approximately three-year hold period.
Completed in 2019, Rivertop Apartments is a 224-unit, Class-A apartment community featuring elegant interior finishes and an expansive amenity set, including a resort-style pool, 24-hour fitness center, and a pet spa. The property is approximately eight miles west of downtown Nashville, along the I-40 corridor, providing accessibility to major employment centers, universities, retail centers, and lifestyle amenities.
“Rivertop Apartments is uniquely located on an elevated site with scenic views of the Cumberland River within the vibrant Nashville market,” said Aaron Wessner, Managing Director, Head of Capital Markets, Cantor Fitzgerald Asset Management. “Over the past three years, we successfully executed the business plan to optimize operations for this high-quality property and are pleased to have delivered an attractive return for investors.”
As of December 31, 2022, Cantor Fitzgerald’s real estate investment portfolio comprises over 7,900 stabilized multifamily units plus over 2,500 units under development, and over 8.1 million square feet of office, industrial, life science, and retail space across 147 properties. For the 12-month period ending September 30, 2022, Cantor Fitzgerald participated in more than $155 billion of total real estate transactions.

BALTIMORE, MD – Greystar, a global leader in the investment, development, and management of high-quality rental housing properties, is now leasing at The Lucie, a pet-friendly 500-unit apartment community in Brewers Hill that features a sky lounge with views of downtown and the harbor and high-end finishes including quartz countertops and tile backsplashes.
“We are thrilled with the delivery of the Lucie,” John Clarkson, Managing Director of Development, said. “Its innovative design, carefully selected amenities, and access to high quality retail will provide our residents an unrivaled living experience in the heart of Brewers Hill.”
Greystar, together with their joint venture partner, Griffin Capital Company, LLC, a leading private real estate investment manager, brought The Lucie to fruition.
The Lucie is one of nine communities being developed by Griffin Capital Qualified Opportunity Zone Fund L.P., which will comprise 3,273 apartment units with an estimated total project cost of approximately $979 million.
“The Lucie provides much needed multifamily units to the fast-growing Brewers Hill neighborhood, and we are thrilled that our long-term investment in this neighborhood will continue to create jobs, provide economic stimulus, and a great experience for our residents for many years to come. The property was built on vacant and underutilized land, and we are proud to have converted the site into much needed housing. Greystar has been an integral partner in our mission, and we are excited to begin leasing on another property with their team,” commented Eric Kaplan, President of Griffin Capital.
Floorplans are available in studio, one-, and two-bedroom layouts, with additional loft and den options. Apartment homes feature electric cooktops, nickel-finish appliances, kitchen islands, flat cabinetry, mobile unit entry, smart thermostat, walk-in closets with built-in storage, stackable washers and dryers, and picturesque balconies with views of Brewers Hill and the water.
Community amenities include a cozy library, clubroom, game room, chef’s kitchen, fitness center, coworking spaces, conference room, semi-private call booths, active, zen and pool courtyards and a posh pet grooming studio.
The Lucie was designed by BKV Group architects, Edit Labs created the interiors and John Moriarty Associates served as the general contractor. Streetsense led the community’s branding efforts.
Brewers Hill features a history of beer brewing with the illuminated Mr. Boh sign that hangs above the old Natty Boh brewery serving as a local landmark. The Lucie is close to shopping which includes Sprouts Farmers Market, Harris Teeter, Target and Nordstrom Rack. Jimmy’s Famous Seafood tops the area dining options that also include Mission BBQ, Di Pasquale’s Marketplace, Pasta Misa Canton and Iron Rooster, amongst others. Additional neighborhood highlights include Bark Social Baltimore, Canton Waterfront, Mobtown Brewery, Patterson Park and more. The community is a short drive to Fells Point, the Inner Harbor, which features a variety of entertainment options, and Oriole Park at Camden Yards and M&T Bank Stadium.

WASHINGTON, DC – Wood Partners, a national leader in multi-family real estate development, announced the grand opening of Alta 801, its newest luxury residential community in Washington, D.C. The community is now welcoming residents.
Located at 801 New Jersey Avenue NW, Alta 801 puts residents within walking distance to all five of Washington, D.C.’s Metro lines at various transit hubs including Gallery Place-Chinatown, Metro Center, Mount Vernon Square, Judiciary Square and Union Station. Residents will also have access to a wide variety of world class retail, entertainment and nightlife attractions, including the Shaw/14th Street CityCenter DC, a mixed-used development offering high-end retail and restaurant options, and the Shaw/14th Street neighborhoods that are known for their restaurants, bars and nightlife.
“We are thrilled to announce the grand opening of Alta 801,” said Scott Zimmerly, Executive Managing Director at Wood Partners. “With the location providing easy access to all of the jobs, entertainment and local attractions that this region is known for, Alta 801 will provide residents with the live, work and play community that young professionals are looking for.”
Alta 801 features 327 apartment homes comprised of studio, one- and two-bedroom floor plans, including premium penthouse units. The apartment homes come with high-end amenities, featuring stainless steel appliances, stone countertops with designer tile backsplash, upscale cabinets, full-size washer-dryers and hardware flooring throughout. Additionally, select homes offer kitchen islands, walk-in showers and private balconies.
Community residents also have access to a variety of high-end amenities, including a rooftop lounge with an indoor-outdoor bar and a wine tasting parlor featuring a beautiful view of the US Capitol and Downtown Washington D.C. Residents will also be able to enjoy two outdoor courtyards with multiple grilling areas and a pool deck with a world-class infinity-edge pool and semi-private cabanas. Additionally, the community will include a co-working area with multiple conference rooms, a fitness center including a yoga studio, pet spa, bike storage and repair center, package storage with cold storage for perishables, a guest suite, electric car charging spaces and concierge services.
Alta 801 is near numerous local attractions, including the eastern edge of the Mount Vernon Triangle neighborhood which is known for its unique mix of historic and modern buildings, diverse cultures, restaurants and experiences. Also close by is Capitol Crossing, an approximately one million-square-foot mixed-use development that features a variety of retail and commercial uses.
Must-see national landmarks within walking distance of the community include the US Capitol, Smithsonian Museums, several National Monuments, and the National Mall.

PHILADELPHIA, PA – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces its second project in the Philadelphia, Pennsylvania market. The Mark Philadelphia will be located at 3615 Chestnut Street adjacent to the campus of the University of Pennsylvania and Drexel University. The project will welcome its first residents in fall of 2026.
The project will feature 363 units ranging from Studio to Six Bedrooms in size. Unit features will be top-of-the line including quartz countertops, stainless-steel appliances, and hardwood-style floors. Every residence is fully furnished and includes technology-related amenities in the common area as well as high-speed internet and cable.
The Mark will stand at 34 stories topped by its signature rooftop amenity area featuring a pool and hot tub and lounge area with sweeping views of Center City Philadelphia. Additionally, residents can access 24-hour study lounges, computer lab, sauna and 24-hour fitness center. For residents with vehicles, reserved parking will be offered for an additional fee.
The development will also feature 55,938 square-feet of historic office space located adjacent to the high-rise portion of the development. Landmark Construction will serve as general contractor for the duration of the project.
With over $10 billion assets under management, Landmark’s portfolio includes almost 100 residential communities across the country with approximately 60,000 beds. Landmark currently has 21 student, BTR, and multifamily projects under construction with an estimated value at $3.8 billion, and a significant and growing development pipeline.