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.

KING OF PRUSSIA, PA – Morgan Properties, one of the nation s top three multifamily owners, announced it has acquired two portfolios totaling eight apartment communities and 2,986 units in Illinois and Indiana. Morgan Properties acquired the two portfolios for a combined $410 million. With the addition of these new communities, Morgan Properties now owns and operates 2,035 units in Illinois, 3,692 units in Indiana, and more than 95,000 units nationwide.
On the heels of our recent acquisition in Fayetteville, North Carolina, these portfolios presented yet another opportunity for Morgan Properties to continue to strategically diversify our geographic footprint beyond the Mid-Atlantic region, said Jonathan Morgan, President of Morgan Properties JV. We remain bullish on the fundamentals of the multifamily industry and are extremely well positioned to capitalize on portfolio acquisition opportunities. We are excited to achieve another milestone in growing our portfolio to 95,000 units and we will continue to target opportunistic deals in our acquisition efforts.
The Illinois portfolio consists of The Lakes of Schaumburg (428 units), Blackhawk Apartments (371 units), and The Gates of Deer Grove (204 units). Located in Schaumburg, Elgin, and Palatine respectively, these three communities are situated within some of the most desirable Chicago suburbs.
The Indianapolis portfolio consists of The Boardwalk at Westlake (1,381 units), Parkside at Castleton Square (190 units), Lakeside Crossing at Eagle Creek (166 units), The Elliott at College Park (126 units), and The Preserve on Allisonville (120 units). Each community is strategically located along Interstate 465 and readily accessible to local universities and business hubs in Indianapolis and surrounding areas.
We are excited to enter the Indianapolis market and further expand our existing Chicago portfolio, said Jason Morgan, President of Morgan Properties Special Situations & Principal. Growing our presence in the Midwest provides us with the necessary scale to quickly deploy our value-add strategies, enhancing the overall experience for the thousands of residents who call these communities home. Additionally, acquiring these portfolios in an increasingly choppy capital markets environment is a testament to our reputation in providing execution certainty. Morgan Properties was able to capitalize on market volatility and we look forward to executing on our business plan and delivering for our residents, employees, and investors.
Morgan Properties plans to invest over $40 million in capital improvements across the two portfolios that will include premium kitchen and bathroom upgrades including new decorative backsplashes, in-unit washer and dryer installations, new vinyl floors, community amenity enhancements, advanced technology, and more.

FORT WORTH, TX – The Elm at River Park, a 293-unit multifamily community in desirable southwest Fort Worth, has been sold by Embrey. The purchase was made by TA Realty. Nationally recognized Embrey Management Services will continue to manage the community.
“It has been a pleasure to develop and build this beautiful community,” said John Kirk, Managing Director and Executive Vice President for Embrey. “The Elm at River Park’s excellent location and upscale amenities will make this a highly desirable place to live for many years to come.”
Amenities include a game lounge, a resort-style pool with cabanas, a dog park and pet spa, a fitness center with on-demand programs, and a business center with micro-offices and a conference room.
Residential units include inviting kitchens with granite countertops, and stainless steel appliances, plus wine and dry bars in select units.

GREENWOOD VILLAGE, CO – Century Communities, a top 10 national homebuilder and industry leader in online sales, announced that Century Living, the Company’s fast-growing national multifamily division, has broken ground on its 227-unit Verona Apartments project in Highlands Ranch, Colorado.
Steps from the Highline Canal Trail network and adjacent to major arterial roadways—allowing easy access to Denver’s largest employment hubs and the broader metro—the project will feature lavish amenities, thoughtful apartment interiors with smart home features, balconies on all units, plus select units with scenic views of the mountains. The multifamily development is anticipated to open and begin lease-up in the second half of 2023.
“With this project, we’re continuing to build on our mission of delivering high-quality multi-family developments with exceptional livability,” said Jim Francescon, President of Century Living. “Verona’s prime location and resort-style amenities reflect our commitment to a best-in-class, full-lifestyle experience for renters in the Denver Metro area.”

LONG BEACH, CA – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of the Long Beach Coastal Collection, a portfolio of multifamily communities in Long Beach, Calif., for $180 million. The portfolio consists of three mid-rise properties comprised of 348 apartments total. Geoff Boler of Eastdil Secured facilitated the transaction.
Located in the center of Long Beach, the properties are conveniently walkable to the beach and downtown Long Beach’s dining, retail and employment offerings. The portfolio is anchored by the Port of Los Angeles and the Port of Long Beach, the busiest ports in the country which support more than 300,000 jobs in the Long Beach area. The communities are proximate to several of the area’s major highways, and are equidistant to the nearby employment centers of Los Angeles and Orange County.
“The Long Beach Coastal Collection is a strong addition to HGI’s West Coast portfolio given its central location in an established market that is experiencing renter demand for high quality apartment housing,” said Greg Heller, Managing Director of HGI. “We see significant opportunity for operational upside with this transaction, anticipating high occupancies and steady rent growth across the communities.”
Built in 2019 and 2020, the Long Beach Coastal Collection includes a mix of studio, one- and two-bedroom units located within a three-minute drive of each other. The properties feature market-leading amenities such as a rooftop deck with panoramic views, 24-hour resort-quality fitness centers, resident lounges, a heated pool and spa, co-working space and gaming and entertainment rooms.
The Long Beach Coastal Collection is HGI’s eighth multifamily investment in Southern California.

SAN JOSE, CA – Funds managed by Oaktree Capital Management, in a joint venture with MG Properties, have purchased The Platform Urban Apartments, a 551-unit community in San Jose, CA.
The Platform is a transit-oriented mixed-use community with 35,000 sf of ground floor retail, completed in 2019. Located in the Berryessa submarket of San Jose, The Platform is in a premier Bay Area location defined by strong employment growth by established and expanding global technology companies.
“We believe the Bay Area is poised for a recovery and is well priced in comparison to other markets,” MG Properties President Jeff Gleiberman said of MG Properties’ investment. “The Bay Area market is seeing explosive employment growth which we expect to drive multi-family demand.”
Jared Lazarus, managing director in Oaktree’s Real Estate Group, added, “We are excited about our partnership with MG Properties to acquire The Platform, which we believe is a high-quality asset in the attractive multi-family sector. This transit-oriented, luxury community asset will strongly benefit from the Bay Area’s continued economic recovery from the pandemic.”
The Platform Urban Apartments is a luxury community with an attractive contemporary design, an expansive resort-style common area amenity package, and well appointed, functional floorplans.
The sellers were represented by Eastdil Secured. The acquisition of the community was financed with a loan from TPG Real Estate Finance Trust Inc., an affiliate of alternative asset management firm TPG, arranged by Eastdil Secured.