MIAMI, FL – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of Oak Enclave Miami, a newly developed, 420-unit, mid-rise multifamily community in Miami Gardens, Fla. The community adds to HGI’s growing Miami portfolio, marking the eighth property under HGI’s ownership in Miami-Dade County, comprising nearly 2,000 units. HGI will assume the in-place loan for the property.
Completed in June 2022, HGI will work to finish the lease-up and stabilize operations of the community upon assuming ownership and management.
“Through our deep knowledge of the Miami multifamily market, we were able to coordinate with the seller to acquire this asset at an attractive basis and close on a fast timeline,” said Richard Litton, President, HGI. “As the Miami MSA continues to experience strong in-migration, both outside of and within Florida, we see opportunity in submarkets such as Miami Gardens as residents seek well-located housing at an affordable price point.”
HGI has continued to be an active investor in commercial and multifamily real estate amid ongoing market volatility. During the second half of 2022, the firm acquired 10 multifamily properties throughout the U.S., totaling over 4,000 units, inclusive of Oak Enclave Miami. In 2022, HGI completed a total of $6.7 billion in transactions, spanning acquisitions and dispositions.
Oak Enclave Miami offers residents a commuter-centric location with direct access to the area’s employment centers. The community is near several transportation options, including the Palmetto Expressway, Interstate-95 and the Florida Turnpike, offering access to approximately 820,000 jobs within a 25-minute drive. The community is also in proximity the Golden Glades Tri-Rail Station, connecting residents to the Miami Health District, Miami International Airport, Aventura, Hollywood and Fort Lauderdale, with a planned expansion to downtown Miami.
Oak Enclave Miami’s amenities include a 24-hour fitness center, multi-purpose clubhouse, playground, swimming pool and 24-hour monitored gate access. The community sits across 14 acres, with more than a third of the property designated as outdoor space. Units feature a private balcony or patio, 10-foot ceilings, stainless steel appliances and modern finishes.

RICHMOND, VA – Watercrest Senior Living Group and joint venture partner, Harbert Seniors Housing Fund II proudly announce that the construction of Watercrest Richmond Assisted Living and Memory Care has been completed by builder, EMJ Corporation. The 98-unit luxury senior living community, financed by Trustmark Bank, is preparing to welcome founding residents to their new home in Richmond, Virginia.
Watercrest Richmond is a signature Watercrest product offering 76 assisted living and 22 memory care apartments with resort-style amenities and exceptional care. The architecture and design boast a stunning fountain and promenade, art studio with gallery, music room, fireplace, multiple dining venues, theater, salon and spa, and the charming atmosphere of Bogey’s Cigar and Scotch lounge.
“We are thankful to each and every partner contributing to the completion of this stunning community and greatly anticipate welcoming future residents to their new home at Watercrest Richmond,” said Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group.
Watercrest Richmond provides seniors a host of amenities purposefully designed to improve residents’ connectivity and interaction with nature. The design elements include a signature water wall, live moss walls, and expansive windows allowing abundant natural light. The community’s Southern style exterior gathering spaces and one-of-a-kind greenhouse offer opportunities for engagement and activity amongst the lushly landscaped grounds and illuminated walking paths. Additionally, residents may enjoy the coveted Spa W offering world-class wellness amenities including light and salt therapy, and a state-of-the-art fitness and physical therapy center.
Watercrest Richmond is conveniently located at 5250 Grandin Avenue in Moseley. Known as a top destination by Travel + Leisure, Richmond offers plentiful dining, entertainment and cultural venues, just minutes from the rolling hills of Virginia farms, gorgeous state parks, and charming wineries. For information or to schedule a tour, contact the community at 804-294-3508.
Watercrest principals, Marc Vorkapich, CEO and Joan Williams, CFO, are setting new standards of quality for seniors and their families in the development of upscale senior living communities from South Florida to Virginia. This is the first senior living development project partnered between Watercrest and Harbert Seniors Housing Fund II.

AUSTIN, TX – Security Properties purchased Brightleaf at Lakeline, a Class-A multifamily property located in Austin, TX in an off-market transaction. Security Properties now owns 112 assets totaling approximately 23,000 units across its portfolio, including one other 204-unit, market-rate property in Austin as they continue to grow in Texas.
Brightleaf at Lakeline was completed in 2022 and consists of 304 dwelling units spread across 3 midrise buildings and 5 carriage-style buildings on 12.3 acres. The Property features one and two-bedroom floor plans averaging 880 square feet. Unit interiors consist of granite countertops, designer backsplashes, GE stainless steel appliances, kitchen pantries, faux-wood flooring in living and wet areas, carpet in bedrooms, full-sized washer and dryers, spacious closets, and high ceilings (9-10 feet). From an amenity perspective, the property offers a contemporary clubhouse/leasing center, 24-hour fitness center with on-demand virtual trainers, yoga studio, business lounge & conference center, game room, BBQ area with grills, resort-style pool and sundeck, pet park and spa, and controlled-access gates.
Brightleaf at Lakeline is located 17 miles north of downtown Austin within the highly desirable Cedar Park submarket. The submarket is anchored by the super-regional Lakeline shopping district which is bisected by two major interstates (US-183 and SH-45). Within a 1.5-mile radius of the Property there are nearly 5 million square feet of retail, including Lakeline Mall, Lakeline Market, Lakeline Plaza, and Parkline Shopping Center.
The pivotal location also provides immediate access to the area’s premier schools and some of Austin’s largest employers. The Northwest Austin submarket is home to the largest concentration of office space in the Austin MSA with over 16.5 million square feet of space. This corridor has been targeted by major technology companies in recent years due to the presence of talent and the ability to build expansive office campuses. The most notable recent example is Apple, which has an existing operations center and is currently constructing a new 3M SF campus just 5 miles south of the Subject. Other employers include State Farm’s regional service center, Amazon, eBay/PayPal, and Visa.
According to Davis Vaughn, Managing Director at Security Properties, “The acquisition of Brightleaf at Lakeline helps cement our footprint in the Austin market as we continue our expansion there. This is a high-quality asset at a significant discount to replacement cost in one of Austin’s most highly desired submarkets. Cedar Park’s population has been booming in recent years and will likely continue to grow as residents flock to the suburbs in search of space, affordability, and proximity to some of Austin’s largest employers.”

MANCHESTER, CT – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of The Pavilions, a 932-unit, garden-style multifamily community in Manchester, Conn., a Hartford suburb. The property was acquired through a joint venture partnership between HGI and Cammeby’s International Group. HGI and Cammeby’s will assume all loan obligations from the seller.
The Pavilions is located just outside of Hartford and is near several transportation options. The community sits along Manchester’s Buckland Hills Drive thoroughfare, connecting residents to Interstate-84 and Interstate-91 and providing convenient access to downtown Hartford and nearby employment centers. Notable companies in the area include Pratt and Whitney, a large manufacturing firm and defense company headquartered in East Hartford, as well as Prudential, Travelers Insurance, Aetna and Hartford Hospital.
“The Pavilions acquisition represents HGI’s ability to identify and transact on attractive investments at all cycles of the market,” said Richard Litton, President of HGI. “In an environment of increased interest rates, we are confident that the investment will benefit from the long-term financing with a below market rate.”
Built in two phases in 1990 and 1992, The Pavilions includes a mix of studio, one-, two- and three-bedroom units. The property features a strong amenity package, including two outdoor swimming pools, two fitness centers, a picnic and grilling area, multiple resident lounges, two tennis courts, two racquetball courts, a sand volleyball court and a dog park. HGI plans to implement a $21.2 million capital improvement program for unit renovations, common area and amenity upgrades and building exterior improvements.
Cammeby’s will assume management of the community. Cammeby’s, founded in 1967, owns and manages a large portfolio of real estate assets, primarily located in New York, New Jersey, Pennsylvania and Connecticut. Cammeby’s has partnered with HGI on several transactions, including HGI’s acquisition of a 5,302-unit portfolio of properties in New Jersey.

BURLINGTON, WA – CEP Multifamily CEP) announced their acquisition of Cascade Meadows, a 97-unit apartment community in Burlington, WA. Cascade Meadows is the third acquisition for CEP’s Workforce Housing Fund, a core-plus multifamily investment fund launched in early 2022 by the vertically integrated Everett-based firm.
This acquisition grows CEP’s existing portfolio to 1,509 ;units. The acquisition price was $27.5 million, or $283,505 per unit, according to Josh Jansen, CEP Multifamily’s President and Managing Partner.
“Cascade Meadows is an ideal fit for our suburban, core-plus investment strategy and an excellent addition to our Workforce Housing Fund,” said Jansen. Skagit and Whatcom Counties offer a high quality of life, relative affordability, strong local economic fundamentals with direct linkages to regional employment hubs, and a diverse labor pool to support long-term population and employment growth trends we believe will accelerate in the coming years.”

ATLANTA, GA – ECI Group (ECI) announced the sale of The Columns at Timothy Woods apartments at 2035 Timothy Road in Athens, GA to Fogelman Properties. The 204-unit, 1996-vintage community was acquired by ECI in April 2019. ECI upgraded the unit interiors and improved and modernized the community’s amenities during its ownership period. The sales price was not disclosed.
“We are very proud of our business plan execution at The Columns of Timothy Woods,” said Jimmy Baugnon, Chief Investment Officer at ECI Group. “Through our renovation program and management repositioning, we created value for our residents, the Athens community, and the ownership group. We have known the buyer (Fogelman) for many years. We have great respect for them, and we know they will continue to operate the property in a first-class manner and ensure it remains an asset to the Athens community.”
The Columns at Timothy Woods is ideally located near Athens’ robust retail district, offering residents more than 5.3 million square feet of retail amenities nearby. One-, two- and three-bedroom units offer family-friendly residences, and, with the renovations conducted by ECI, luxury touches including granite countertops, stainless steel appliances, and vinyl-plank style flooring. Recent amenity additions include a dog park, enhancements to the fitness center, and new tennis and pickleball courts. The community boasts an exceptional school district and is proximate to the University of Georgia, the I-85 Industrial Corridor, and other major job centers.

SAN DIEGO, CA – MG Properties, a private San Diego-based real estate investor, owner, and operator purchased the multifamily community Domain San Diego in a joint venture with Rockwood Capital.
Domain San Diego is a 379-unit community that offers renovated studio, 1 & 2 bedroom apartments, competitive community amenities, and easy access to the 163 and 52 freeways. Characterized by strong demographics, highly ranked schools, accessibility to jobs, and relatively affordable rents, Kearny Mesa is a desirable San Diego submarket that has been severely underserved in terms of multifamily housing.
“Kearny Mesa is expected to experience significant growth in the near future as a pedestrian friendly market,” said MG Properties President Jeff Gleiberman. “Adding Domain to our portfolio is a value-add opportunity to renovate remaining classic units and add strategic enhancements to further elevate the community.”
The seller of this multifamily community was Magnolia Capital, represented by Joseph Smolen, Geoff Boler, Mark Peterson, Jonathan Merhaut, and Eugene Chong of Eastdil Secured.

STORRS, CT – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, has formed a new build-to-core joint venture with Manulife Investment Management. The partnership will focus on developing and operating residential properties in targeted markets throughout the United States and has pre-identified several potential development opportunities, with the first being The Standard at Four Corners, an 890-bed project at the University of Connecticut located in Storrs.
“Landmark is excited to partner with Manulife Investment Management on the development of The Standard at Four Corners,” said Landmark President and CEO, Wes Rogers. “This represents the first investment in our new build-to-core venture with Manulife Investment Management. Landmark continues to attract institutional capital to the student housing space due to our track record of success, vertical integration, and out-performance during challenging economic times.”
Located at 1717 Storrs Road, The Standard at Four Corners will be ready for occupancy in August 2025 and offers several distinct floorplans ranging from studios to three-bedroom. The design of these units, amenities featured, and the privacy the layouts offer are unique to Storrs and will attract attention from potential residents when weighing options among comparable properties. The property’s pedestrian access will make way to both the campus core and downtown Storrs for residents.
“Manulife Investment Management is proud to partner with Landmark Properties, who we view to be best-in-class in the student housing sector, leveraging their experience across the United States to jointly develop a premier portfolio of assets,” said Edward Dunn, managing director, Infrastructure Investments at Manulife Investment Management. “We believe the student housing sector represents a compelling investment opportunity underpinned by attractive supply/demand dynamics and strong historical performance.”
Each apartment at The Standard at Four Corners provides a gourmet-style kitchen with ample cabinet space, quartz countertops and stainless-steel appliances. Every residence is fully furnished, offers hardwood-style flooring, and includes technology related amenities in the common area, high-speed internet and cable.
Additionally, residents can access 24-hour study lounges, fitness center and computer lab. The resort-style amenity spaces add extra opportunities for recreation and socialization with a gaming lounge, heated pool, hot tub, and fire pits. For residents with vehicles, a deck offers parking for an additional fee.
The development also features 14,500-square-feet of ground-floor retail space. Landmark Construction will serve as general contractor for the duration of the project.
According to CollegeSimply, the University of Connecticut is ranked as the best public university in the New England region.
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 $3.7 billion, and a significant and growing development pipeline.

ATLANTA, GA – 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 Parkside, a luxury mixed-use apartment community near Atlanta’s esteemed Piedmont Park.
The 32-story high-rise, which will feature 361 apartment homes including penthouses on the top floors, will be built to and is pursuing NGBS Silver certification levels, and will offer unencumbered views of the Atlanta skyline and Piedmont Park, which sits two blocks away. The community will also include a signature restaurant with street frontage on Atlanta’s famed Rainbow Crosswalk. First move-ins are anticipated for early 2025.
“Modera Parkside is a unique location on the very edge of high-rise zoning, preserving the views to the Atlanta skyline, Piedmont Park and the energy of east Midtown. Modera Parkside complements a proud neighborhood and offers an easy walk to Atlanta’s most popular public amenities and Midtown’s primary employment centers,” said Patrick Chesser, senior managing director of development in Atlanta for Mill Creek. “We believe the character of the neighborhood with a unique community will appeal to a diverse set of renters-by-choice with discerning tastes. We are honored to have the opportunity to add to the fabric of this world-class neighborhood and the skyline of this great city.”
Situated at 180 10th Street between Piedmont Avenue NE and Juniper Street NE, Modera Parkside is positioned at the epicenter of east Midtown on the park side of Peachtree Road. The community is a few blocks from the Atlanta Beltline Eastside Trail and less than a mile from the Downtown Connector and Piedmont Park.
Modera Parkside will offer studios, one-, two- and three-bedroom homes and den layouts with convertible home offices. Community amenities will include a rooftop pool deck and fitness center, outdoor cooking experiences, elevated fire pits, a skyline-facing clubroom, Full Swing Golf Simulator, dedicated dog runs and pet spa. The bike-centric Modera Parkside will also have valet dry cleaning, direct package delivery services, controlled-access garage parking, ample EV charging stations and dedicated bike storage.
“We were very deliberate in choosing amenity spaces that will speak to the distinct vibe of the neighborhood,” Chesser said.
The community will also cater to the ever-increasing remote worker with expandable furnishings from Ori, which will include retractable desks in studio homes and disappearing ceiling-mounted beds and convertible desks in select two-bedroom homes. Additionally, a cybercafé, coworking spaces and private workstations will be powered by gigabit Wi-Fi.
Apartment homes at Modera Parkside will be delivered with nine-foot-plus ceilings, wood plank-style flooring, energy-efficient stainless-steel appliances, quartz countertops, gas cooktops, tile backsplashes, kitchen islands, pendant lighting, closets with built-in shelving, in-home washers and dryers, smart thermostats, mobile app entry and private patios or balconies. Bathrooms will include double vanities and tile surrounds.
Modera Parkside marks Mill Creek’s ninth development within Atlanta. Others include Modera Midtown, Modera Old Ivy and Modera Reynoldstown.

REDMOND, WA – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager, announced the completion of subsurface work and start of vertical construction of The Piper, a luxury community directly fronting renowned Marymoor Park in Redmond, Wash. The Piper is developed in close partnership with QuadReal Property Group.
With its expansive homes and quiet, contemplative atmosphere, The Piper’s 284 fully air-conditioned apartments will provide a distinguished setting that caters to established professionals seeking an active lifestyle. The community is situated on one of only three buildable sites with direct frontage on Marymoor Park within the core of the rapidly developing Marymoor Village. A market leading suite of amenities will cascade into the 640-acre Marymoor Park, a regional outdoor epicenter home to a summer concert series, a robust trail system, various sports facilities, a premier 40-acre dog park and climbing wall.
“Positioned at the front steps to Marymoor Park, The Piper will beckon residents to engage with their surroundings,” said Brad Reisinger, Regional President of Development for Quarterra in the Pacific Northwest. “With an emphasis on outdoor amenities and open-air experiences, The Piper is designed to give residents space to breathe while living within a dynamic neighborhood that offers immediate access to transit, retail and recreation.”
Through its participation in the City of Redmond’s art program, The Piper’s two five-story mid-rise buildings will be separated by a linear pedestrian art walk pathway, highlighted by murals, sculptures and other works from 11 different artists. The community will also periodically house artists in residence in a dedicated space along the art walk.
The Piper will consist of studio, one-, two- and three-bedroom homes, ranging from 475 square foot studios to 1,400 square foot spacious three-bedroom homes to accommodate growing families. Residents will enjoy access to street-fronting co-working spaces, a luxury club room and theater room, resort-style pool and spa overlooking the park, indoor kids’ playroom, outdoor kids’ play zone, outdoor plaza and a significant allocation of electric vehicle chargers. In addition to an on-site pet spa, residents of The Piper will have easy access to the 40-acre Marymoor Off-Leash Dog Park, the largest dog park in the region.
Situated at 17305 NE 67th Ct. in Redmond, the community is just blocks from the future Southeast Redmond Light Rail Station and within a short drive of key thoroughfares, including Redmond Way, State Route 520 and East Lake Sammamish Parkway, leading to Bellevue, Seattle, Sammamish, Issaquah and Kirkland. The transit access links The Piper to the regions primary tech sector employers such as Microsoft, Facebook/Oculus, Amazon, Google, Space X, Nintendo and SmartSheet. The Piper is just a few minutes from downtown Redmond, the Microsoft campus and Downtown Bellevue. Residents will also enjoy walkability to Whole Foods Market and easy access to Redmond Town Center – a mixed-use shopping and entertainment development with more than 110 shops, restaurants and breweries.
The Piper is one of three joint ventures between Quarterra and QuadReal in the region including recently opened Ovation in Seattle’s First Hill and Spectra, also in Marymoor, now welcoming its first residents.
Jameson Weber, Managing Director, Head of Americas, QuadReal said: “The property location is incredible, residents of The Piper will enjoy an amenities package that complements the unique and idyllic setting. QuadReal is excited to welcome The Piper into a global residential portfolio of over 65,000 rental units and continue to partner with Quarterra on new residential developments across the US.”
Debt financing was provided through JPMorgan Chase & Co. Other key members of the team include Encore Architects, Gensler as interior designer, structural engineer BCQ, land use attorney McCullough Hill Leary, and Weisman Design Group as the landscape architect. NineDot Arts curated the art collection. As a MFTE/AARCH program participant, The Piper will offer 10% of its homes at 50% area median income (AMI).