DALLAS, TX – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Encore Apartments, located in the Legacy area of Plano in North Texas. The Encore Apartments represents the inaugural investment of Knightvest Capital’s second fund.
The Encore is a three-story, 240-unit community of one- and two-bedroom apartment homes constructed in 2013. The property also boasts a resort-style pool and fitness center. Knightvest plans to transform the community by renovating the unit interiors, modernizing the property amenities, and adding a resident lounge to further support the live-work-play environment for residents.
The community is located in the fast-growing market of North Plano, in an area known for its concentration of high-wage jobs, exemplary school district, and leading entertainment venues. As Knightvest completes the luxury renovations, the community will provide a high-quality, affordable housing alternative to new construction in the area.
“We’ve been greatly encouraged by investor interest in our new fund given our differentiated capabilities and strong track record of results,” said Knightvest Founder and CEO David Moore. “As the first investment of our new fund, this acquisition represents an important milestone, and it’s a perfect fit for our proven playbook given the value-add opportunity in one of the best markets in the nation.”

SYRACUSE, NY – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, together with W5 Group, a leading global investor in Innovative Living projects, has closed on its acquisition of a 2-acre site in the University Hill neighborhood, one block from the northern border of the Syracuse University campus in Syracuse, New York.
The partnership has commenced the development of The Standard at Syracuse, a 600+ bed, 210-unit student housing community at 910 Madison St. and will preserve the Temple Concord sanctuary, listed on the National Register of Historic Places, as part of the project. The Standard at Syracuse will be the first purpose-built student housing project in Syracuse to include five-bedroom floorplans and is expected to open for occupancy in 2026. Landmark Construction, the in-house general contractor for Landmark Properties, is managing construction on The Standard at Syracuse.
“Beyond the remarkable location on the north side of the Syracuse University campus, The Standard at Syracuse will provide much-needed housing for students at Syracuse University,” said Wes Rogers, President and CEO of Landmark Properties. “Our work on the ground, with the city of Syracuse and the surrounding community stakeholders combined with our vertically integrated design and construction platform, has set us on a course to create an amenity-rich lifestyle experience for students. The preservation of the existing sanctuary structure also adds a distinctive historical element to the project, while maintaining the character of the surrounding neighborhood. We are excited to have closed our seventh investment with W5 Group.”
“The Standard at Syracuse typifies our Innovative Living investment strategy and will provide a green, state of the art, bed-bath parity, community oriented highly amenitized flexible living solution for students,” said Ralph Winter, founder of W5 Group. “Syracuse University is a leading private R-1, Power 5 university with a long history of academic, research and sporting excellence. Micron Technology’s plans to build a $100 billion semiconductor in the area will serve to further bolster Syracuse University. We are excited about the Syracuse University’s partnership with Micron to support workforce development and innovation in the semiconductor industry and the University’s plans to increase Engineering and Computer Science enrollment by 50% and the addition of 50 new faculty members and a doubling of research expenditures by 2028.”
The Standard at Syracuse will be steps from the Marshall Street entertainment district and the 76-acre Thornden Park with its pool, rose garden, and outdoor amphitheater. It will include a mix of floor plans ranging from studios to five-bedroom floorplans at a variety of price points, appealing to a broad group of students. Every fully furnished unit will include private baths, hardwood-style flooring throughout, in-unit washers and dryers and plantation blinds. Apartments will also feature gourmet kitchens appointed with quartz countertops, designer cabinets and stainless-steel appliances. Select units will include private balconies.
Landmark Properties plans to preserve the original Temple Concord structure – built in the early 1900s – and incorporate it into The Standard at Syracuse by creating 4,750 square feet of distinctive amenity space for residents. Current plans call for the building to be transformed into a well-appointed gathering space to unwind, study and socialize. The amenity package will also include a 24-hour fitness center as well as a sauna, several study areas, and a large outdoor hot tub. A parking deck will feature covered parking with 220 spaces for resident use.
The Standard at Syracuse will be Landmark Properties’ second student housing delivery in New York, the first being The Station Buffalo, proximate to the University at Buffalo in Buffalo, NY.

DELRAY BEACH, FL – The Milestone Group announced its acquisition of the Axis Delray Beach Apartments, a 488-unit, garden-style multifamily community located at 1495 Spring Harbor Drive in Delray Beach, FL. The purchase price was not disclosed.
“The acquisition of Axis Delray Beach compliments Milestone’s current portfolio, and our team was again able to source an off-market opportunity and executed a creative transaction that met the seller’s timing expectations,” said Milestone Vice President of Acquisitions, Jason Wise. “And while the asset has been institutionally maintained and significant dollars have been spent on unit interior renovations by the seller, we have crafted a very thoughtful and thorough overhaul of the common area amenities, landscaping, and building exteriors that will not only greatly enhance the curb appeal of the asset but will also provide both new and existing residents with a next-level living experience. We expect this multi-million-dollar project to begin immediately.”
Axis Delray Beach features a unique mix of one-, two-, and three-bedroom garden and townhome-style apartments in a lakefront, resort-style setting. Residents enjoy easy access to immediate retail options including Whole Foods and Trader Joe’s along with abundant retail and dining options in downtown Delray Beach, which is only two miles away. Axis Delray Beach is minutes from I-95, the Florida Turnpike, and the Delray Beach Tri-Rail Station, all providing quick access to major employers and demand drivers.
Community amenities include two resort-style pools, a recently built resident clubhouse, two fully renovated fitness centers, and a bark park. Inside the units, residents will find upscale finishes such as white shaker cabinets, white quartz countertops, stainless-steel undermount sinks, and stainless-steel appliances.

MADISON, WI – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, celebrated their groundbreaking yesterday on the future site of The View and The Victoria at Huxley Yards, during a ceremony with LAC leaders, local policymakers and partners. The Huxley Yards developments will provide a combined 553 affordable housing units to individuals, families and seniors in Dane County earning less than 50%, 60% or 70% of the Area Median Income.
“Lincoln Avenue Communities is proud to break ground on the largest ground-up affordable housing property to be developed in Wisconsin,” said Jeremy Bronfman, LAC CEO. “Once completed, Huxley Yards will provide hundreds of high-quality, affordable homes for Madison residents.”
The View will provide 303 affordable housing units for families and individuals, and The Victoria will provide 250 affordable units for seniors. The View and The Victoria at Huxley Yards will also be the first new construction development established under Madison’s Oscar Mayer Special Area Plan.
“The Oscar Mayer Special Area Plan envisions an entirely new neighborhood for the City of Madison. This project will help that plan come to fruition,” said Matt Mikolajewski, City of Madison economic development director. “We are grateful for the investment that Lincoln Avenue Communities is making in the City of Madison and appreciate all the work of the Lincoln Avenue Communities team to get us to this groundbreaking.”
The properties will offer community amenities and resident services, such as job training and nature classes. The View will feature a pool, community classroom, fitness center, and an active playground area. The Victoria will include a club room, craft room, fitness center, two rooftop courtyards, and a fenced dog run, among other amenities. Both properties will be Wisconsin Green Built Home certified and incorporate sustainability features such as rooftop solar system.
“LAC is committed to creating innovative housing solutions in the nation’s fastest growing metropolitan areas,” said Kevin McDonell, LAC vice president and regional project partner. “The View and The Victoria are especially important developments for families and seniors facing limited housing in Wisconsin’s capital.”
The developments are financed by Federal Low-Income Housing Tax Credits provided by the Wisconsin Housing and Economic Development Authority and the National Equity Fund; Solar Tax Credits purchased by the NEF; an Opportunity Zone Fund Investment; a Citi Cash Collateralized Taxable and Tax-Exempt construction-to-perm loan; tax increment financing from the City of Madison; and a Brownfield Idle Sites Grant from the Wisconsin Economic Development Corporation.
“We are grateful to the Wisconsin Housing and Economic Development Authority, National Equity Fund and Citibank for their support,” said Kyle Brasser, LAC vice president and regional project partner. “Their partnership, along with the City of Madison’s collaboration, has been crucial in bringing a vibrant new community to Madison.”

COLORADO SPRINGS, CO – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for Alta25, a 264-unit Class A multifamily community in the Colorado Springs suburb of Monument. The first residents began moving in during spring of 2024 and the community is nearly 30% leased.
“Thompson Thrift has been developing apartment communities in Colorado for more than 14 years, and we seek to leverage our experience to create communities that meet the needs and desires of area residents,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “We think Alta25 delivers on style, luxury and convenience.”
Located at 1320 Herman View Way, Alta25 offers one-, two- and three-bedroom apartment homes, in three-story garden-style buildings. The homes provide luxury finishes including gourmet bar-kitchens with elegant quartz countertops, timeless tile backsplash, stainless steel appliances, designer fixtures and finishes, an Alexa-compatible smart hub to integrate all smart devices, smart thermostat and smart door locks, walk-in closets, full-size washers and dryers, detached garages, as well as patio, balcony, and private yard options.
The luxury-living experience continues throughout the community with a 24-hour fitness center, resort-style swimming pool, thoughtfully designed courtyards, grilling stations, an outdoor game area, an electronic firepit with seating area, a dog park, pet spa with grooming station, and much more.
Alta25 sits adjacent to Monument Marketplace, which is home to over 658,000 square feet of retail and restaurants, and within The Village at Jackson Creek, a mixed-use project currently in development. Historic downtown Monument, less than three miles north, offers small-town charm filled with unique and locally owned boutiques, restaurants, galleries and spas.
Thompson Thrift expects construction to conclude this fall. At the ribbon cutting, visitors were able to view model tours and see the professionally decorated clubhouse and community amenities. Additionally, in support of Thompson Thrift’s commitment to community outreach, they presented a check to local non-profit Paws N Hooves to aid their efforts in saving abandoned and neglected pets, reuniting lost pets with their families and helping connect animals with new families to care for them.
Thompson Thrift is a full-service real estate development company focused on multifamily, ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. For nearly 40 years, Thompson Thrift has invested more than $5 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.

LOS ANGELES, CA – Weingart Center and Chelsea Investment Group, The Richman Group, a leading developer and syndicator of affordable housing, announced the grand opening of Weingart Tower 1, the largest homeless housing project in Los Angeles history. The grand opening held on June 19, 2024 featured the 278-unit, 19-story affordable apartment community in the heart of the Skid Row District which stands as a beacon of hope and a significant step forward in the city’s commitment to addressing homelessness.
Weingart Tower 1 is designed to provide secure and dignified housing for unsheltered individuals. The community offers 228 studio-apartments and 50 one-bedroom apartments, three of which are designated for onsite managers and 40 specifically reserved for veterans.
“We are incredibly proud to open the doors to Weingart Tower 1. It is more than just a housing project; it’s a community built on the foundation of compassion, dignity, and respect,” said David Salzman, President of The Richman Group Affordable Housing Corporation. “This critical project represents a monumental effort to provide high-quality housing and support services to some of our most vulnerable residents. By offering a stable living environment and access to essential services, Weingart Tower 1 aims to empower its residents, fostering a sense of community and belonging.”
Each Weingart Tower 1 apartment is fully furnished and complete with a full kitchen, private bathroom, television, and air conditioning. Community amenities include a fitness room, computer lab, career center, library, bike storage, laundry facilities, gardens and terraces and offers easy access to the LA metro. Residents of Weingart Tower 1 will also have access to a suite of supportive services such as life skill enhancement opportunities, counseling and advocacy service, substance use referrals, education and employment assistance, financial and budgeting assistance, pet and service animal support, and various health and wellness classes. The thoughtful design combined with the supportive services ensures that residents have everything they need to live comfortably and independently. The community aims to provide not just a place to live, but a place to call home.
“This grand opening marks a significant milestone in Los Angeles’ ongoing efforts towards ending the cycle of homelessness not just locally but beyond,” said Terry Gentry, EVP for The Richman Group Affordable Housing Corp. “Weingart Tower 1 is poised to serve as a model for future projects, demonstrating that with commitment and collaboration, we can make a lasting impact on the lives of those in need.”
Weingart Tower 1 is a collaboration between Weingart Center Association, a Los Angeles-based 501(c)(3) nonprofit agency that provides supportive services to individuals experiencing homelessness; and Chelsea Investment Corporation, one of the nation’s leading developers of affordable housing. The Richman Group is a co-developer and syndicated the Low-Income Housing Tax Credit Equity used to finance the project.

NEW YORK, NY – KKR, a leading global investment firm, announced that KKR has acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company, for approximately $2.1 billion.
The recently-built, Class A portfolio consists of over 5,200 units concentrated primarily in growing coastal and sunbelt markets including California, Washington, Florida, Texas, Georgia and North Carolina, Colorado and New Jersey. The portfolio is a mix of mid-rise and high-rise buildings featuring convenient access to urban, metropolitan areas, high-quality construction, modern amenities and excellent energy, water and waste efficiency.
“We are pleased to acquire this exceptional, well-located multifamily portfolio from one of the world s premier developers and owners of residential real estate, said Justin Pattner, Partner at KKR and Head of Real Estate Equity in the Americas. We believe this is a great moment to invest in real estate, as transaction activity starts to pick up on the heels of two-years of dislocation in commercial real estate markets. Across our platform we are finding opportunities where our scale, strong relationships, multiple pools of capital and local knowledge give us advantages as a buyer of large pools of high-quality, irreplaceable assets.
“Quarterra is known for their high-quality assets and we are thrilled to be working with them on this transaction, said Daniel Rudin, Managing Director at KKR. We like the fundamentals in this sector. This portfolio serves high-growth metropolitan areas across the country, where new supply will slow down significantly looking out beyond the next couple years. We are excited to invest in this portfolio.
KKR will work with leading multifamily operators, Carter-Haston, MG Properties and Dalan Real Estate to operate the assets. KKR is making its investment in this portfolio through capital accounts advised by KKR.
KKR was advised on the transaction by Gibson Dunn & Crutcher LLP. Quarterra was advised by Troutman Pepper Hamilton Sanders LLP and Jones Lang LaSalle.

TAMPA, FL – Hamilton Zanze, a San Francisco-based real estate investment firm that owns and operates multifamily communities nationwide, today announced it has purchased Jade at North Hyde Park, a 192-unit apartment community in the North Hyde Park neighborhood in Tampa, Florida. The acquisition closed on June 20 and marks Hamilton Zanze’s entry into the Florida market as it continues to expand its national portfolio.
“We are excited to announce our first acquisition in Florida,” said David Nelson, President and Chief Investment Officer at Hamilton Zane. “After monitoring the market for several years, we have secured an infill property in Tampa at a meaningful discount to replacement cost. This is the right asset, at the right time. We look forward to utilizing our broker and owner relationships to further expand HZ’s portfolio into Florida.”
Situated at 608 N. Willow Ave., Jade at North Hyde Park was built in 2022 and offers studio, one-, two-, three- and four-bedroom apartment homes. Units range in size from 463 square feet to 1,421 square feet. Apartment features include abundant natural lighting, stainless-steel appliances, quartz countertops, undermount sinks, vinyl plank and carpeted flooring, smart home systems, electronic locks, washers, dryers and built-in wine storage in select homes. Community amenities include a fitness center with strength and cardio equipment, independent co-working spaces and conference room, courtyard pool with adjacent outdoor yoga lawn, onsite pet spa, garage parking, secured parcel receiving room and bicycle storage.
Jade at North Hyde Park also offers an easy commute to downtown Tampa, The University of Tampa, Armature Works, Ybor City and the Tampa Riverwalk. In addition, the Green Spine urban commuter trail allows residents to walk or bike to restaurants and recreational attractions throughout the area.

ATLANTA, GA – ECI Group with joint venture partner, The Griffin Fund, celebrated the grand opening of the newly-developed, 300-unit, The Corwyn Conyers apartment community in Conyers, GA. ECI leaders and team members were joined by officials from the City of Conyers, Old Towne Conyers, and the Conyers-Rockdale County Chamber of Commerce to commemorate the strong response from residents to the modern and fully amenitized community.
ECI Development Vice President, Stephen Stover, welcomed the guests to the equine-themed ribbon-cutting, cocktail hour, reception, and open house that featured tours of the apartment models, saying, “ECI Group, along with our partners at The Griffin Fund, are so excited to present to the community The Corwyn Conyers, now almost 72% leased. The response to the architecture, expansive amenities, and well-appointed unit finishes has resulted in a groundswell of demand. We are pleased to provide first-class housing to folks considering moving to the I-20 East Corridor of Atlanta.”
The Corwyn Conyers features upscale one-, two- and three-bedroom apartments with modern amenities and aesthetics. Apartments feature include: Granite countertops and shaker-style cabinets; Electric Shlage unit entry locks; Modern GE Appliances; Plush carpeting in bedrooms; Tile backsplash and tub surrounds; and Two color schemes to choose from.
Located at Courtesy Parkway and Old Covington Highway, and adjacent to over 1 million square feet of retail shopping options, The Corwyn Conyers is one of the first new apartment communities to be developed in the quickly growing Rockdale and Newton County submarkets in 20 years.

ORLANDO, FL – Wood Partners, a leading national multifamily developer, has started construction on V by Alta, a luxury apartment community located at 10149 Arise Loop in Orlando. V by Alta will be five stories tall and is Wood Partners’ fifth community in the submarket; hence, the Roman numeral “V” in the name.
“V by Alta’s prime location benefits from tremendous drive-by visibility and access to some of Orlando’s most prominent employers across the corporate, hospitality and tourism sectors,” said Bryan Borland, Managing Director at Wood Partners. “We have continued to step up our game with each of our four prior communities in the vicinity, and V by Alta reflects the culmination of those efforts in bringing much-needed, high-quality rental housing to this dynamic submarket.”
V by Alta is located directly across the street from Darden Restaurants’ corporate headquarters and around the corner from the 500-acre Grande Lakes Orlando campus, which comprises two world-class hotels, The Ritz-Carlton and JW Marriott. The community’s 219 units will include a mix of studios, one-, two-, and three-bedroom floorplans. Construction is expected to be completed in the first quarter of 2026.
Upscale amenities at V by Alta include a lobby lounge; clubroom with kitchen and bar; café with stadium seating and a coffee bar; business lounge with micro offices and coworking spaces; fitness center with a yoga and Fitness On Demand room; game room with billiards table; resort-style pool with cabanas and pool pavilion with a wet bar; pet park with pet wash station; outdoor exercise equipment; gas fire table; grilling stations; bike racks; and electric vehicle charging stations. The fifth floor features a Fireworks Lounge, where residents can experience nightly fireworks from the nearby theme parks.