LOS ANGELES, CA – Cityview, a premier multifamily investment management and development firm, and Wafra, a global alternative investment manager, have acquired Silva, a newly constructed 221-unit, Class A multifamily community in the Silver Lake neighborhood of Northeast Los Angeles. Situated on a hilltop that provides 360-degree views of the city, Silva is the first institutional grade multifamily asset of its size delivered in the Silver Lake/Echo Park neighborhoods.
Silva is currently unleased and recently achieved Temporary Certificate of Occupancy. Cityview and Wafra will lease up the community as construction is finalized and Certificate of Occupancy is obtained.
Silva is a rare opportunity to acquire a newly constructed Class A property in one of Los Angeles most desired and centrally located submarkets, said Sean Burton, CEO of Cityview. Cityview has delivered and leased up three other development projects near the area over the past year, giving us deep market knowledge and experienced onsite teams that ideally position us to lease up and manage the community alongside Wafra, a trusted partner of Cityview.
Silva represents a unique opportunity to acquire a high-quality asset at a material discount to replacement cost in a market that has some of the nation s highest barriers to home ownership and is chronically underserved by rental apartments, said David Hamm, Head of Real Estate at Wafra. We are excited to partner on this transaction with the highly talented and respected team at Cityview.
Silva features top-of-the-line amenities including a spacious sky lounge that offers coworking space and a large deck with panoramic views, a resort-style pool and spa overlooking the Hollywood sign, a club room with arcade games and a private screening room, and programmatic outdoor space. A double-height fitness center features state-of-the-art equipment and storefront glass on two sides, while outdoor dining areas with firepits and BBQs are scattered throughout the property. Additional amenities include a dog run and green space, secure storage areas and EV charging stations.
The community offers expansive studio, one-, two-, and three-bedroom floor plans with elevated interior finishes including nine-foot ceilings and floor-to-ceiling windows that highlight views of Downtown Los Angeles, Griffith Park Observatory, the Hollywood Sign and the Santa Monica Mountains. The project s designer kitchens feature quartz countertops, high-end fixtures and appliances and full-height tile backsplashes. All floorplans include full-size, front-loading washer and dryers and smart thermostats, and most units offer large walk-in closets and private oversized balconies or patios. The units average 1,000 square feet, providing ample space for residents to work from home or entertain.
Silva is one of the few 200+ unit multifamily communities ever to deliver in this pocket of the city, making it an incredibly unique investment opportunity hard to replicate due to the area s high barriers to entry and lack of developable land, added Burton.
Located at 235 N Hoover Street, Silva is situated less than a mile from the 101 Freeway and the Vermont/Beverly Metro station, providing easy access to the nearby employment hubs of Downtown Los Angeles, Hollywood, Century City and Santa Monica as well as the Tri-Cities area of Burbank, Glendale and Pasadena. The community is ideally located at the center of some of Los Angeles most dynamic neighborhoods, including Silver Lake, Historic Filipinotown, Echo Park, East Hollywood and Koreatown.
Chris Tresp and Derrek Ostrzyzek at CBRE brokered the transaction. Westhome, an affiliate of Cityview, will serve as the property manager.

LOS ANGELES, LA – Affirmed Housing, a leading provider of affordable housing throughout California, announced the opening of Lumina. Located in the Chatsworth neighborhood, Lumina is a new, supportive housing development with onsite services aimed at helping people experiencing homelessness, including formerly unhoused veterans and people with disabilities, transition to more stable lives. It is the first new apartment community for the unhoused in its district and one of the first projects of its kind to be built outside of the city s southern and metro areas.
State Assemblywoman Pilar Schiavo remarked, As the Chair of the Assembly Military and Veteran Affairs Committee, I m especially proud that my own community of Chatsworth is housing veterans experiencing chronic homelessness. I have been working closely with Lumina to ensure people in our own community, with a focus on veterans, get off the streets and into this permanent housing with the services they need to get them on their feet for the long term. This project exemplifies our commitment to real solutions to homelessness and I m so proud to have supported this solution from the beginning.”
We have advocated for our veterans with hundreds of mayors in Washington, DC so that they can receive the housing support and services that they deserve while also locking arms with our city partners to bring our unhoused veterans inside and prevent them from falling into homelessness in the first place, said Los Angeles Mayor Karen Bass. Projects like this are an important part of our overall approach to save lives and bring people inside and further the City s efforts to prevent and end homelessness. The number of people experiencing homelessness has dropped for the first time in years and we remain committed to urgently continuing this progress by bringing more people inside as more affordable and permanent housing is being built.
Formerly the site of a vacant car lot, Lumina is a five-story development that delivers 54 studio apartments for households earning 30% of the area median income (AMI), with half reserved for unhoused veterans, and one manager unit. Lumina was developed with funding from California s Veterans Housing and Homeless Prevention Program (VHHP) and Measure HHH, a $1.2-billion bond that Los Angeles voters overwhelmingly approved for the development of supportive housing for unsheltered individuals and families throughout the city.
Housing resources, like Lumina, help break cycles of chronic homelessness by combining housing and supportive care and services under one roof, said Jimmy Silverwood, president of Affirmed Housing. Lumina is a safe, secure environment where residents can reacclimate and have seamless access to specialized resources that improve their quality of life. Lumina and projects like it that prioritize the health and wellness of occupants enhance lives and make our cities and communities better places to live.
In addition to housing, Lumina features onsite case managers from The People Concern, who deliver specialized care and guidance to help the formerly unhoused residents build a more solid foundation for a healthy and safe future. Case worker offices are situated on the ground floor in a shared, secured office space, adjacent to a staff break room for easy tenant access. The building includes several shared amenities to encourage community engagement, such as a rooftop deck and nearly 2,000 square feet of ground floor space with bike storage, a laundry room and a large community room with media areas and a kitchen space. Sustainable elements are also incorporated throughout the building, including energy efficient appliances in each studio apartment.
Lumina is situated close to several off-site amenities that foster more independent living. Nearby are a pharmacy, grocery store and a park. Public transportation options are easily accessible, among them are a Metro bus transit stop conveniently located just steps away from the property and the Metro s Chatsworth Station lies within half a mile.

DALLAS, TX – S2 Capital, a national, vertically integrated multifamily investment manager, announced the acquisition of The Place at Saddle Creek, a 238 unit, two story, multifamily property located in Carrollton, Texas, a prominent Dallas suburb. Terms of the transaction were not disclosed.
“The Place at Saddle Creek is an appealing acquisition for S2, as the property has not experienced a full renovation in over a decade, during which the Dallas-Fort Worth area experienced a significant surge in rent and population growth,” said Ryan Everett, Vice President of Acquisitions at S2. “Our ability to assume the existing fixed rate Freddie Mac loan at a low leverage point, ensures immediate cash flow at the property level. We’re excited to be implementing an extensive renovation plan with value-add updates to the property to improve the overall experience for residents, and provide immediate rental upside.”
Located at 3420 Country Square Dr in Carrollton, residents are adjacent to many lifestyle attractions found in the Village on the Parkway, Addison Circle and Downtown Carrollton, all hubs for shopping and dining, as well as many residential neighborhoods and upscale homes, and an array of excellent public schools. The Place at Saddle Creek is also near a variety of public parks, nature areas and the popular Lewisville Lake, a destination for boating, fishing and outdoor recreation. Beyond the City of Carrollton, residents are connected to the greater Dallas-Fort Worth area through major transportation systems including the Dallas North Tollway and I-635.
Within the property, residents enjoy two private community pools, outdoor grilling stations, a renovated fitness center, tennis and pickleball courts, a business center, dog park and Amazon lockers. The majority of The Place at Saddle Creek’s individual apartment units are in classic condition from the property’s initial construction, while select units feature modern finishes, with quartz countertops, stainless steel appliances, balconies, fireplaces and upgraded flooring.
S2 plans to rebrand the property as ‘Brookbend,’ and the comprehensive renovation plan includes enhancing unit interiors with new granite countertops, upgraded kitchen hardware and bathroom fixtures. Additionally, S2 plans to renovate the building’s exterior and improve the leasing office, gym and pool areas.

SEATTLE, WA – Virtú Investments, a multifamily real estate investment firm primarily engaged in the acquisition and management of apartments in the western United States, announced it has acquired Skyglass Tower, a brand-new Class A, 338-unit, 31-story multifamily tower located in downtown Seattle, WA.
Completed in 2024, the LEED Gold, glass-paneled high-rise in the South Lake Union neighborhood is comprised of luxury studio and 1-3 bedroom units, three floors of underground parking, as well as retail space at ground level. Additional features include a rooftop green space, gym, a lobby with high-end finishes, and views of the Space Needle.
Virtú sees the Pacific Northwest, and Seattle in particular, as an attractive target for multifamily investment driven by the area s rising employment figures and high demand for luxury apartments, coupled with property values currently well below their peak.
Limited high-end multifamily supply and bottoming prices in the Seattle market makes this a great time for Virtú to invest opportunistically in this key area of the Pacific Northwest, said Michael Green, CEO of Virtú Investments. We have decades of experience investing in multifamily buildings across market cycles, and are eager to continue identifying investment opportunities like these for the benefit of our stakeholders.
Virtú acquired Skyglass Tower as a joint venture with the Real Estate Business at Goldman Sachs Alternatives and the Virtú Evergreen Fund, an open-end fund launched in 2015 for generational ownership, long-term compounding, extreme tax efficiency and flexible liquidity. The Evergreen Fund is designed to take advantage of 1031 Exchanges within the Fund to perpetually defer taxes on gains and cashflow.
Cushman & Wakefield s Capital Markets team led by Marc Renard, Sam Wayne, and Dave Karson represented the seller, Gemdale USA, in the transaction.
Cushman & Wakefield s Equity, Debt & Structured Finance team of Dave Karson, Chris Moyer, Paul Roeter and Jason Blankfein served as the exclusive advisor to the joint venture in the procurement of acquisition financing. The loan was provided by Corebridge.
Skyglass attracted global investor interest including pension funds, private equity, family offices and multifamily funds who recognized the merits of this compelling opportunity, said Renard. The depth of capital reflects investor conviction for the future of Seattle and best-in-class developments.

WEST LAFAYETTE, IN – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces its plans to build The Standard at West Lafayette, a 678-bed, 253-unit student housing community near Purdue University in West Lafayette, Indiana.
The site, on the corner of Pierce and West Wood streets, sits adjacent to the east side of Purdue’s campus, which hosts several academic buildings and the Purdue Memorial Student Union. Offering 240,299 square feet of residential space in a mix of studios to four-bedroom units, The Standard at West Lafayette will add much needed off-campus housing supply to serve students of Purdue University.
BKV Group is the project’s architect while Landmark Urban Construction, the in-house general contractor for Landmark Properties, will serve as construction manager on the 13-story project. Delivery is anticipated for Fall 2027. The project received formal approval from the City of West Lafayette on July 1, 2024.
“We are pleased to bring The Standard at West Lafayette to the Purdue University community,” said Wes Rogers, CEO of Landmark Properties. “For the 2023-2024 academic year, Purdue reported its ninth consecutive record-breaking year for applicants and enrollments. The West Lafayette campus noted an all-time high of more than 52,200 students, with the majority living near campus. The Standard at West Lafayette is a response to the demand for high-quality off-campus housing.”
All units will feature gourmet kitchens with quartz countertops and stainless-steel appliances, high-speed internet and cable, large closets, and in-unit laundry. Finishes include hardwood-style laminate floors, custom wood trim and plantation blinds. Balconies are offered in select residences. The Standard at West Lafayette will offer 18,234-SF of amenity space, such as a rooftop clubhouse with an outdoor heated pool and fitness center, as well as a fourth floor indoor/outdoor amenity level with seating, grilling area, gaming lounge and interior courtyard. The property also has the most study space of any building in town, with options on every floor. The community will provide garage parking for 207 vehicles. Additionally, The Standard will be a six-minute walk to the nearest bus stop which has routes taking students to and from the north and western sides of campus.
The Standard at West Lafayette will be Landmark Properties’ second student housing development in Indiana, which includes The Standard at Bloomington, which opened in Fall 2023 for students attending Indiana University.

PHOENIX, AZ – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, announced the start of leasing at Harwood, a luxury community ideally located in North Phoenix.
Harwood includes 268 upscale apartment homes that offer the ultimate in comfort and convenience. Its spacious, well-appointed homes feature top tier finishes, providing the perfect combination of style and functionality. In addition to its beautifully appointed apartments, Harwood also offers a superb suite of amenities catering to nearly every interest. The community is strategically located near interstate highways and major thoroughfares, providing seamless connectivity to all parts of the valley.
“Harwood is the perfect home base for almost every way of life, whether you’re a single outdoor adventure seeker, retired couple or a young family,” said Daniel Tilton, Senior Vice President of Development with Quarterra. “With access to recreation areas, top-rated schools and no less than 10 challenging golf courses nearby, Harwood’s location at Cave Creek and Loop 101 caters to a wide range of lifestyles. A curated list of amenities and thoughtful home designs create a welcoming place to call home, while the quick access to major transit routes lends itself to local outings or day trips.”
Outdoor lovers will appreciate Harwood’s proximity to Cave Buttes Recreation Area, Phoenix Mountain Preserve and a variety of other local recreation opportunities. Families will value the exceptional schools, including Fireside Elementary, ranked in the top 5% of schools in Arizona, and Pinnacle High School, nationally ranked by U.S. News and World Report for standardized test performance, graduation rate and college prep. Other local schools include Desert Ridge Junior High and High School. Kids and fun-seekers of all ages will enjoy neighboring Adobe Mountain railroad park and Hurricane Harbor water park. Other nearby amenities include the Reach-11 Sports Complex, consisting of 18 lighted soccer fields, two baseball fields and concessions.
Harwood is surrounded by best-in-class restaurants, including Mastro’s City Hall Steakhouse, Tommy V’s Urban Kitchen & Bar, The Capital Grille, True Food Kitchen and RA Sushi Bar Restaurant. The nearby Desert Ridge and High Street retail corridors are both less than seven minutes away, featuring Flower Child, Yard House, Ocean Prime, Kona Grill and Keg Steakhouse. The high-end retail centers at Kierland and Scottsdale Quarter are also easily accessible. For entertainment, the Musical Instrument Museum, Desert Botanical Garden, Phoenix Zoo, Arizona Science Center and OdySea Aquarium all offer unique local outings in the broader Phoenix Metro.
Situated at 2500 East Marco Polo Road, Harwood is only a two-minute drive from Loop 101 (Pima Freeway) which encircles the Phoenix Metro Area and runs east-west from the property. The community is also an easy drive from north-south thoroughfares AZ 51 (Piestewa Freeway) with access to Phoenix Sky Harbor International Airport. Nearby east-west arterials E Shea Boulevard property and E Bell Road parallel and intersect Loop 101, respectively. The regional connectivity put residents within commutable distance of regional employers, including: American Express, USAA, Intel Corporation, Honeywell Aerospace, Wells Fargo, State Farm, Banner Health, HonorHealth, Mayo Clinic and UnitedHealth Group.
Harwood includes a mix of studio, one- and two-bedroom apartment homes, ranging from 524 to 1,312 square feet. The modern homes include smart lighting controls, keyless entries and energy efficient HVAC with temperature controls. Kitchens feature pendant lighting and under-cabinet ambiance lighting, a stainless-steel appliance package, designer inspired ceramic tile backsplashes, undermount sinks with designer faucets and quartz countertops. Homes utilize luxury vinyl plank flooring throughout, with tile flooring and shower surrounds in bathrooms. Bedrooms are designed with expansive closets.
Residents of Harwood have access to a resort-style pool and spa courtyards with barbeque grilling stations. A comfortable resident lounge, state-of-the-art fitness center with outdoor terrace, pet spa and park, package lockers and package room, and EV charging stalls are all available for resident use.

TAMPA, FL – Argyle Real Estate Partners (Argyle), a real estate investment firm focused on multifamily acquisitions in the Southeast and Texas, together with Sembler Investments Real Estate Partners (SIREP), whose strategic partnership began in 2022, announced the acquisition of Sage at Cypress Cay, a 324-unit, core-plus, community and Lantana at Cypress Cay, the neighboring, core-plus, 252-unit community centrally located in Lutz, Florida, a suburb of Tampa, adding 576 units to their growing portfolio and establishing their geographical footprint in their flourishing hometown Tampa market.
“Tampa’s explosive growth story began well before the pandemic with submarkets like Lutz reaping the benefits of those tailwinds and emerging as a top destination for professionals and families,” said Ryan Reyes, CEO of Argyle. “Given the Tampa Palms submarket’s affluent demographics, proximity to major hospital systems and projected future growth, we feel great about planting this flag in our backyard with Sage and Lantana.”
Built in 2022, Sage at Cypress Cay offers 1, 2, and 3-bedroom units with “smart” technology, stainless steel appliances, full-size washers/dryers, granite countertops, plank flooring, and 9ft-high ceilings. External amenities include a resort-style pool with outdoor kitchens and firepits, a state-of-the-art clubhouse with a spacious lounge and billiards table, a first-class fitness center, and a large bark park and pet spa. Lantana at Cypress Cay was built in 2023 with comparable modern unit offerings and similar best-in-class external amenities as Sage. Due to the top-notch quality of this portfolio, Argyle will implement minor capital improvements to further enhance the community’s allure upon takeover.
“Sage and Lantana presented an excellent opportunity to jump into our hometown market which has continued to sustain impressive growth over the last several years,” said Mark Sembler, CEO at SIREP. “With approximately 30k healthcare and education jobs in the immediate vicinity, and its proximity to Downtown Tampa, these two properties are well-positioned to benefit from these growing and diverse employment hubs and provide quality living solutions to these employees.”
Sage and Lantana are minutes from the University of South Florida (USF), Veterans’ Hospital, Advent Health’s main hospital campus and 20 minutes from Downtown Tampa, Water St., and Tampa’s Westshore Business District. The properties are also close to major highways I-275, I-75, and I-4, allowing residents easy access to the Bay’s award-winning beaches and other local attractions.

WEST LAFAYETTE, IN – Muinzer, a leading real estate investment firm specializing in student housing, announced the acquisition of Grant Street Station and South Street Station next to Purdue University in West Lafayette, IN. The acquisition was made in partnership with an affiliate of Walton Street Capital.
The properties total 362 student housing beds and are 99% pre-leased for the August 2024 school year. The transaction was successfully arranged by Randall Calvert of TSB Realty.
Muinzer’s purchase caps over $250 million of student housing acquisitions in the preceding 12 months. “We will continue to acquire student housing communities in the top university markets. I’m very proud of the Muinzer team for executing on yet another acquisition next to my alma mater, Purdue University,” said Marc Muinzer, Founder and CEO of his namesake firm. “The combination of our access to capital and our veteran student housing management team gives us a significant runway to continue acquiring,” added Mr. Muinzer.
Muinzer began investing in student housing in 2002 and is one of the largest owners and operators in the Big Ten and SEC Conferences. “We have long-term conviction in student housing and are actively deploying capital towards our goal of acquiring an additional $2 billion of student housing communities near high-growth universities,” added Michael Snyder, COO of Muinzer.

AUSTIN, TX – The Preiss Company (TPCO), one of the nation s largest, privately-held, student housing owner-operators, announced the acquisition of the 135-unit/251-bed 21 Pearl, off-campus student apartments serving the University of Texas at Austin. The company also announced extensive upgrades to improve unit interiors, the clubhouse and to install a new tech package for all residents.
With almost two decades in Austin, we continue to have a large ownership/management presence in the Austin student housing market, said John Preiss, President. TPCO has been watching The Pearl since its initial construction, and we know we can provide value to this incredible asset through targeted capital, installation of new technologies, and our proprietary management platform.
Located at 911 W. 21st Street just minutes from University of Texas at Austin, the off-campus apartments provide 1-, 2-, 3- and 4-bedroom floor plans focused on comfort and privacy. Each apartment is furnished with private bedrooms, along with an in-unit washer and dryer, high speed internet access and cable. Fully equipped kitchens also are available in the pet-friendly building. All residents may enjoy an outdoor courtyard with grilling stations, 24-hour fitness center and resident clubhouse featuring stylish lounge areas and private study areas.
The multi-million dollar renovation includes interior upgrades on approximately half the units, with new flooring, updated kitchen cabinetry, bathroom upgrades, and new furniture. The entire building will undergo massive tech improvements, including enhanced Wi-Fi, access control, and smart thermostats. Additionally, the clubhouse will receive new renovations to enhance the resident experience.
TPCO is experiencing a strong transactional year, said Preiss. We recently closed on an asset in Kennesaw, Ga., and have two other deals currently under contract. We are also actively in the process of developments in Nashville, Chapel Hill, Raleigh and Knoxville. Additionally, we are broadening our reach through third-party management, having added seven new properties in the last quarter.

WILMINGTON, NC – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of multifamily communities, announced the acquisition of Seaboard at Sidbury Station, a newly constructed, 113-unit, build-for-rent (BFR) housing community in the Wilmington suburb of Castle Hayne, North Carolina. The community was acquired on behalf of CS1031 Sidbury Station BFR Housing, DST, which seeks to raise equity from accredited investors.
This represents Capital Square’s fifth BFR offering for its Section 1031/Delaware statutory trust program and the eighth BFR project for its private equity group. Led by co-chief investment officers, Dave Platter and Jon Trott, Capital Square’s private equity group was formed to profit from opportunities in the housing market, including a dedicated build-for-rent strategy in high-growth Sunbelt markets.
“Capital Square invests broadly in housing – Class A and B multifamily, manufactured housing in Florida and BFR communities throughout the Sunbelt,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Capital Square’s investors are attracted to newly constructed BFR communities such as Sidbury Station because demand is strong from residents who want a single-family home but can’t afford to own. Capital Square’s BFR communities help to satisfy the demand for a single-family home with amenities at an affordable price.”
Located at 6105 Dichondra Road, construction of Sidbury Station was completed in 2023. Developed by D.R. Horton, the nation’s largest homebuilder by volume, the modern units boast a mix of three-, four- and five-bedroom detached single-family homes, averaging 1,829 square feet. The open floor plans feature high-end amenities, including granite countertops, stainless steel appliances, full-size washers and dryers, walk-in closets, smart home integration, backyards and attached two-car garages. Luxurious community amenities include a resort-style swimming pool, fitness center, clubhouse, sport court, playground and professional landscaping.
Sidbury Station enjoys a prime position on the state’s coast within the Wilmington, NC, metropolitan statistical area. The Wilmington area offers a high quality of life characterized by a mild coastal climate, abundant outdoor recreational opportunities and a strong sense of community. The area includes opportunities to boat, fish and golf year-round, as well as family-friendly attractions, top-rated schools and a variety of dining options.
Infrastructure plays a pivotal role in Wilmington’s economic vitality. The Wilmington International Airport facilitates regional and national connectivity, supporting business travel and tourism, and the Port of Wilmington, one of the busiest ports on the U.S. East Coast, enhances the region’s global trade capabilities by handling a diverse range of cargo and contributing significantly to the local economy.
The region’s tourism sector, fueled by its pristine beaches and historic attractions, generated over $1 billion in revenue as of 2022, attracting millions of visitors seeking leisure and recreation opportunities. The healthcare industry is another cornerstone, supported by major medical facilities and a growing demand for healthcare services.
“Wilmington has experienced a 30% growth in jobs since 2020, led by healthcare, government and education, while the population is expected to grow by approximately 3% annually,” said Whitson Huffman, co-chief executive officer. “Limited supply in the area has provided Capital Square with the strategic advantage to drive occupancy and rental growth. Sidbury Station is one of only four purpose-built rental communities that make up less than 2% of the metro area’s rental inventory, and it has already reached 95% occupancy as of June.”