HOUSTON, TX – RPM Living Investments has announced the acquisition of San Paloma in the heart of Houston s Energy Corridor, the city s third-largest employment center. The 372-unit garden property was purchased from Blackstone/Livcor through a joint venture with DRA Advisors. The transaction is the second joint venture between DRA and RPM in Texas and is RPM s 16th acquisition in greater Houston.
San Paloma presents an incredible opportunity with the community s superb Energy Corridor location, forecasted to maintain its position as one of Houston s strongest submarkets. The community is surrounded by 22MM square feet of office space, high-end infrastructure, and benefits from its location in the path of Houston s western-leaning growth and a limited multifamily construction pipeline.
Built by Sueba in 2006, one of Houston s highest quality builders, San Paloma features an unmatched amenity set, and unique floorplans with an average unit size of over 1,050 square feet that include arched doorways, vaulted ceilings, and built-ins throughout.
San Paloma is an excellent property that provides tremendous opportunity in one of Houston s premier locations. We are excited to add such a great asset to our portfolio and to capitalize on its maximum potential, says Hank Farrell, Chief Executive Officer of RPM Living Investments.
San Paloma is the perfect addition to grow our successful partnership with RPM. It is a high-quality asset in an A+ location with strong demand in a supply-constrained submarket, and we are excited to execute our business plan alongside the RPM team, says Brett Gottlieb, Managing Director of DRA Advisors.

NEW YORK, NY – Sunrise Senior Living, a leading provider of personalized senior living services, together with partners Hines and Welltower (NYSE: WELL), announced the name of its second luxury senior lifestyle community in New York City, The Apsley.
Located on the vibrant Upper West Side at 2330 Broadway between 84th and 85th Streets, the community will be able to accommodate up to 178 residents and feature 76 assisted living and 80 memory care residences designed to support each resident s independence and well-being. From beautifully appointed homes with generous amenities, concierge services and an extensive programming schedule, The Apsley will continue to reinvent the notions of a senior lifestyle in New York City and beyond.
We have always known there is a strong demand for high-quality, elevated senior living in Manhattan, said Denise Falco, Senior Vice President of Operations at Sunrise Senior Living. With the success of our sister property, Sunrise at East 56th, we are confident that The Apsley will serve the needs of New York seniors and their families who hold the Upper West Side neighborhood close to their hearts.
The Apsley is a celebration of the Upper West Side lifestyle – created for New Yorkers with a sophisticated urban pulse who are excited about this new chapter in life. With architecture by SLCE Architects, the building s key features and amenities will include a spa, a care center, landscaped outdoor terraces, a dining bistro, an art studio, a theater, and a library curated by a local bookseller. Interiors were designed by award winning Champalimaud Design, who were inspired by the deep history and vibrant culture of the neighborhood, taking on design notes from pre-war residential buildings such as The Dakota and landmarks such as the Cathedral of Saint John the Divine. Thoughtfully designed residences range from studio to two-bedroom units, and feature design elements that feel both luxurious and comfortable.
The Apsley marks an important milestone in our New York City portfolio and will offer residents a curated lifestyle tailored to their unique interests and individual needs, said Sarah Hawkins, CEO of Hines East Region. Hines looks forward to delivering a truly unique senior living experience and continuing our partnership with Sunrise and Welltower.
As Sunrise s second community in Manhattan, The Apsley will offer some of the most robust cultural collaborations available in New York City and has already developed partnerships with key community organizations for programming and off-site excursions.
The Upper West Side is one of New York City’s most desirable areas, and we sought out this location to give many lifelong New Yorkers the opportunity to remain in their chosen neighborhood at The Apsley, a modern, technologically advanced community that will cater to their unique lifestyles, said John Olympitis, Senior Vice President, Head of Corporate Development at Welltower.

BEND, OR – Security Properties purchased Sienna Pointe, a 168-unit, Class-B multifamily community located in Bend, OR for $49,500,000. This is Security Properties’ fifth acquisition in the Bend market.
Sienna Pointe is conveniently located on Bend’ seastside just a five-minute drive from Downtown. The property is situated at the base of Bend’s most iconic landmark, Pilot Butte. The 114-acre Pilot Butte State Scenic Viewpoint rises nearly 500 feet above its surroundings and includes a two-mile hiking trail to the summit. More than 750,000 locals and tourists visit Pilot Butte each year.
In recent years Bend has become nationally recognized for the high quality lifestyle it offers. Outdoor enthusiasts frequent the varying bike trails and walking paths, innumerable golf courses, rivers, and proximate ski resorts. Bend also boasts an array of breweries and restaurants, as well as the Hayden Homes Amphitheatre, an outdoor, riverfront venue that hosts a mix of year-round concerts and events. The area has become home to a diverse and ever-expanding business community, anchored by a mix of biomedical companies, regional hospitals, national-scale microbreweries, resorts, and Silicon Valley tech transplants.
The units at Sienna Pointe offer 1- and 2- bedroom floorplans. The units consist of white shaker-style cabinets, stainless steel appliances, laminate countertops, electric fireplaces, private decks or patios, vinyl flooring as well as washer/dryers in select units. From an amenity perspective, the property offers a fitness center, BBQ / picnic area, bike racks, available covered parking, laundry facilities and access to a Pilot Butte trailhead.
The asset represents a value-add investment with moderate upgrade characteristics. SP will be adding cosmetic upgrades to unit interiors as well as enhancing the existing amenity spaces.
Alex Gauper, Acquisitions Director at Security Properties says, “Bend continues to be one of our highest conviction markets due to its compelling combination of affordability and overall quality of life. The addition of Sienna Pointe will combine well with our existing market footprint, and we look forward to executing on our value-add business plan as Bend continues to grow.”

PALMETTO, FL – Weller Management and Terwilliger Brothers announced the groundbreaking of Trevesta Place apartment community, a multifamily housing project in the North River. Manatee County, one of the fastest growing locations along the West Coast of Florida, is within an easy commuting distance to Downtown St. Petersburg, Bradenton, Sarasota, and Tampa.
“We believe the focus in multifamily communities should be creating positive living experiences. We are pleased to bring a quality development project like Trevesta Place to this community,” said John Vranich, President, Weller.
The community will consist of six 4-story elevator-served buildings, providing an advantage over most of the competitive properties which consist of 3-story walk up buildings. Trevesta Place houses 256 units: 24 studios, 88 one-bedrooms, 120 two-bedrooms, and 24 three-bedrooms, ranging in size from 770 to 1248 square feet. All will be fashioned with modern finishes like granite countertops, tile backsplashes, a washer and dryer, and plenty of closet space. With construction now underway, the project is estimated to begin pre-leasing in late December and be completed with its first building in April 2023.
Trevesta Place will provide an “attainable price point” for renters while simultaneously providing a Class” A” apartment experience. Amenities will include a serene swimming pool, yoga lawn, dog park, parking garage, pergola and easy access to shopping and freeways. Future residents will live a short distance from beautiful Tampa Bay, nature trails, and enjoy excellent schools, golf courses, restaurants, and retail. Easy access to I-75 and I-275 is within 5 minutes, offering short commutes to those who want to live in the suburbs.

HOUSTON, TX – New York-based Sunsail Capital and Dallas-based ZaneCRE announced the joint acquisition of Sarah at Lake Houston, a garden-style community located in Humble, Texas, a premier submarket within the Houston MSA. The teams are led by Julia Bykhovskaia at Sunsail Capital, and Iqbal (Ike) Mutabanna and Dustin Howard at ZaneCRE.
The Sarah at Lake Houston is a 350-unit, 2020 construction, Class A+ multifamily community located in the fastest growing submarket within the Houston MSA. The property features unique lakeside living and an exceptional amenities package highlighted by a resort style pool, biergarten, multi-sport simulator, state-of-the-art athletic center, executive business and conference center, and dog park, along with luxurious interior finishes.
The investment leads commented: “We believe in the strength and stability of the Houston metro market and it’s long term growth potential. We are proud to add Sarah at Lake Houston to our real estate portfolio in TX. This property is in a strong position due to its stable, high-income tenant base and superb location. We continue to see strong growth across the state of Texas, led by jobs and population growth and a diverse mix of economic and quality of life benefits for residents throughout the area.”
The property is located less than 10 minutes away from Generation Park, a master planned commercial development anchored by Fortune 500 company TechnipFMC (2,000+ high tech jobs) and just 30 minutes from downtown Houston (158k+ jobs), The Texas Medical Center (106K employees and Uptown/Galleria (84K employees), and the Port of Houston (67K employees).
Zack Springer of Newmark brokered the transaction. Purvesh Gosalia, also of Newmark, structured the financing for the deal.

ATLANTA, GA – RPM Living Investments announces the acquisition of Brentwood Downs, a 408-unit garden-style community in Lilburn, Georgia, a suburb of Atlanta experiencing high demand amongst apartment dwellers. The acquisition marks the sixth asset purchased by the RPM Multifamily Fund I that launched last year.
Situated northeast of Atlanta s central business district, Brentwood Downs has experienced immense organic rental growth with rates increasing more than 18% over the last year. Located at 500 Pleasant Hill Rd NW, the community boasts spacious units at an average of 1,070 square feet, an attractive feature for those escaping the city and seeking more space.
Brentwood Downs rent rate increase is reflective of Atlanta s overall demand for suburban housing. Gwinnett County, where Brentwood Downs is located, seems to be experiencing it the most with an over 8% YOY growth in employment. The demand is due to rising rents inside the Atlanta loop, which is partly caused by a surge in population growth and supply shortage. This coupled with the rise in remote work has further increased demand for rental housing in the suburbs, where residents are able to choose space over office proximity.
The suburbs of Atlanta continue to see growth as residents leave the city center for more space. The strategic acquisition of Brentwood Down builds on our plans to further expand our national presence in growing markets, says Josh Kahn, Chief Operating Officer, RPM Living Investments.
RPM sourced Brentwood Downs through a direct, off-market relationship with the seller who has owned the community since 2007. The acquisition was financed by First Horizon Banks and adds to RPM s growing footprint in Atlanta and the Southeast region.

DAYTONA BEACH, FL – Venterra Realty recently acquired its second multi-family community in Daytona Beach, The Anatole. Originally completed in 1986, the 208-unit property offers one- and two-bedroom garden-style residences that range from 486 – 1010 square feet in five unique floor plans.
The apartments feature open concept layouts, screened-in patios and balconies, washer and dryer, and ample closet space. Each residence is well-appointed with stainless steel double-basin sinks, breakfast bar, pantry, and picturesque views.
The community extends an exciting amenity package that includes two relaxing pools with lounge chairs and pergola, a state-of-the-art 24-hour fitness center, a clubhouse, barbecue/picnic area and bark park.
The Anatole is about 1 mile from the world-famous Daytona International Speedway, in close proximity to several major employers but far enough removed from the Speedway to avoid traffic, noise and congestion from large-scale events at the facility. Major employers in the vicinity include Halifax Health Medical Center, Embry-Riddle Aeronautical University, the Speedway itself, and dozens of industrial employers centered around the nearby intersection of Interstate-95 and Interstate-4.
Venterra will complete a unit upgrade program, as well as implement its resident-focused programs such as the Live it. Love it. Guarantee., the 48-Hour Maintenance Guarantee, and SMARTLEASING.
“Last month, we began our expansion into the Daytona market with the purchase of Tomoka Pointe and are excited to continue our growth in the area with The Anatole,” said John Foresi, CEO of Venterra Realty. “Venterra has become known as a company that is committed to providing a market-leading living experience, and we look forward to identifying opportunities to further enhance the standard of living at The Anatole by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

LAKELAND, FL -Blue Roc Premier Properties LLC recently acquired management control for three apartment properties in Fort Myers, adding to the company s growing property management portfolio throughout Florida.
The properties were part of a $152 million recapitalization deal in April between the principals of Blue Roc Premier and Osso Capital, with Blue Roc being appointed the controlling property manager for all 800 units.
This portfolio opportunity allows us to increase our exposure in the Southwest Florida multi-family marketplace and gives us economies of scale to expand our footprint in this highly competitive region of Florida, said Randy Ferreira, owner and CEO of Blue Roc Premier Properties.
The three properties — The Park at Murano, Park at Positano and Park at Veneto — are scheduled for major exterior and interior updates as part of the ownership change. Interior renovations will include granite countertops, stainless steel appliances, a new IT package and more. Exterior updates will also be added to reflect the Blue Roc Premier brand and will include new exterior paint colors, new roofs, updated amenities such as the clubhouses and pool areas, new EV charging stations and more.
Blue Roc Premier and its affiliates manage more than 15,000 multi-family units across the Southeastern U.S., with a significant footprint throughout Florida, particularly along the I-4 corridor between Tampa Bay and Orlando. Blue Roc is continually searching for new multi-family opportunities, and the addition of these assets allows the company and its partners a strategic foothold in the Southwest Florida market.

CHARLOTTE, NC – 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 LoSo, a luxury apartment community located in Lower South End.
The midrise community, which will feature 351 apartment homes, will be located within walking distance of the LYNX Blue Line Scaleybark Station and an abundance of office, retail and popular entertainment destinations. First move-ins are anticipated for late 2024.
“LoSo has quickly become one of the most attractive submarkets in Charlotte, and brisk demand for quality housing is following suit,” said Alex Eyssen, senior managing director for Mill Creek Residential. “With its thoughtful design and attention to detail, we believe Modera LoSo will quickly become one of the most desirable living options in the market. We’re eager to get started on this unique development and excited to become a part of the neighborhood.”
Situated at 3405 South Tryon Street near Clanton Road, the community has unparalleled connectivity to South End, Uptown and Interstate 77. Within Lower South End, future residents will have access to a growing contingent of craft breweries, eclectic coffee shops and a wide variety of restaurants. The neighborhood is adjacent so South End and three miles south of Uptown Charlotte, putting an abundance of additional employment and entertainment options within a short commute.
Modera LoSo is seeking NGBS Green certification at the Silver level, and will offer studio, one-, two- and three-bedroom homes with a sizable average square footage of 950 and various layouts available. Community amenities will include a club-quality fitness center, multiple clubrooms, resort-style pool, four distinct outdoor courtyards, sky lounge overlooking the Uptown skyline and a secured parking garage with electric vehicle charging stations.
Apartment interiors will include a choice of designer kitchen finishes, stainless steel appliances, quartz countertops, tile backsplashes, hardwood-inspired flooring, upgraded fixtures and cabinet pulls, designer lighting, keyless entry system, spacious bedrooms and oversized chef-inspired kitchen islands. The community will also offer ample private storage, shared co-working areas, private furnished offices and community-wide WiFi.
Modera LoSo will mark Mill Creek’s second ground-up multifamily development in Charlotte and third multifamily community overall. It will join Alister Uptown, a boutique community located at 810 E. 7th Street, and Modera SouthPark, which will welcome its first residents in 2024.

ATLANTA, GA – GID, a vertically-integrated real estate company with corporate offices in Atlanta and Boston, has announced the acquisition of two multifamily communities in the Atlanta metro: Stadium Walk in Cumberland, and Overlook at Huntcrest in Suwanee.
Stadium Walk is a 309-unit, mid-rise community that will be rebranded as Stadium Walk by Windsor. Located in the heart of Atlanta’s premier entertainment district, Stadium Walk by Windsor offers residents easy access to top shopping, dining, and entertainment. The community also features premium amenities, including a resort-style pool, outdoor lounge deck, outdoor grilling area, resident lounges, a fitness center, a dog park, and electric car charging stations.
Overlook at Huntcrest is a new, 299-unit, garden-style community located in Gwinnett County and will be rebranded as Windsor Sugarloaf. The community is in a highly desirable suburb of Atlanta, offering easy access to a strong school district, various employment centers, impressive retail, and many other lifestyle conveniences. Residents can enjoy property amenities including a saltwater pool with a tanning ledge and a fully equipped fitness center.