Latest from the Multifamily Newsroom

Austin, TX welcomes a new mixed-income development by The NRP Group in collaboration with PointOne Holdings and TCFC, with 328 units designed for inclusivity and community. Half the units at Ross Road target residents earning 60-80% AMI, demonstrating a commitment to affordable, quality living in East Austin.

Waterford Property Company and The Vistria Group partner again, investing $67M in Dallas’ Axis Kessler Park to offer affordable housing for essential workers amid soaring rental rates, enhancing workforce housing and community resilience.

Blaze Capital Partners and Partners Group have acquired The Aspens Verdae, a luxury active adult community in Greenville, SC. Signifying a growth in high-end senior living, this venture caters to Baby Boomers desiring a vibrant community lifestyle.

Virtú Investments acquires ALX, a luxury 313-unit complex in San Diego’s Ballpark District, showcasing their knack for strategic investments in supply-constrained markets. This move aligns with their discerning growth strategy and broader commitment to the multifamily apartment industry.

Virtú Investments capitalizes on market adeptness with the key acquisition of ALX, a premier 313-unit property in San Diego’s Ballpark District. CEO Michael Green affirms the city’s optimal conditions for investment, noting low supply and rising demand. This strategic purchase promises to bolster Virtú’s Southern California footprint and solidify its leadership in multifamily real estate.

Cityview and Wafra acquire Silva, a luxury 221-unit Class A multifamily complex in Silver Lake, offering 360-degree city views. Setting a new standard in strategic urban development, Silva marries luxury with location, reflecting the modern renter’s lifestyle.

Affirmed Housing unveils Lumina in LA, a beacon for stable housing, catering to formerly unhoused veterans and those with disabilities. Backed by VHHP and Measure HHH, the 54-unit project, half reserved for veterans, combines support services with sustainable living, embodying community transformation and care.

S2 Capital acquires The Place at Saddle Creek in Carrollton, TX, with plans to rebrand and renovate the 238-unit property into ‘Brookbend’, enhancing resident experience and tapping into the suburb’s rental growth.

Virtú Investments secures Skyglass Tower, a LEED Gold high-rise offering luxury urban living in Seattle’s South Lake Union. The acquisition, in line with the city’s growth and demand for elite housing, boasts panoramic Space Needle views and top-notch amenities, reflecting Virtú’s strategic market insight.