GID, the vertically-integrated real estate owner, operator, developer and investor with $32.1 billion in assets under management, is expanding its national development platform, GID Residential Partners, into the Mid-Atlantic market. The initiative covers Maryland, Washington D.C., Northern Virginia and North Carolina and will be led by industry veteran Duncan Jones, who joins the firm as […]

The Bascom Group has acquired The Ellison, a 294-unit apartment community at 9235 West Russell Road in the Summerlin/Spring Valley submarket of Las Vegas. The purchase price was $103,000,000, or $350,340 per unit. Newmark team members Lee Redmond, Nicholas Schroeder, Vincent Punzi, and Lowell Takahashi arranged debt financing for the acquisition, and AXA Investment Managers […]

American Capital Group and Clarion Partners have completed Enso Apartments, a 316-unit multifamily community located at 19630 40th Ave W in Lynnwood, Washington. The transit-oriented development sits within a federally designated Qualified Opportunity Zone and is walkable to the Lynnwood Link Light Rail Station, offering direct connections to Downtown Seattle and major employment centers across […]

Lincoln Avenue Communities (LAC) has broken ground on Landmark on Scioto, a 321-unit affordable housing community in Columbus, Ohio. The development is LAC’s first ground-up construction project in Ohio and will serve households earning up to 60 percent of area median income. “LAC is proud to partner with state and local leaders to deliver homes […]

Knightvest Capital announced the acquisition of Ardan, a 389-unit Class A high-rise in the West Village neighborhood of Uptown Dallas. Built in 2018, the community sits within a highly walkable corridor offering direct access to Uptown, Downtown, Knox/Henderson, and the Katy Trail. The deal expands Knightvest’s presence in Dallas’ urban core and reflects the firm’s […]

Wood Partners has closed on Alta Roosevelt, a 381-unit multifamily community in St. Petersburg, Florida, with ground breaking planned for May and delivery scheduled for April 2028. The centrally located, five-story development sits on 11.56 acres along Roosevelt Boulevard in the Gateway district, roughly 10 minutes north of downtown St. Petersburg. Alta Roosevelt was entitled […]

Olympus Property has acquired Ascend by the Sea, a newly constructed 216-unit Class A luxury apartment community in Millville, Delaware along Southern Delaware’s Beaches corridor. The transaction marks Olympus’ first asset in the Mid-Atlantic and represents a strategic expansion into a coastal region characterized by limited new supply, rapid population growth, and multiple economic drivers […]

Middleburg and Harbor Group International have closed construction financing for Scottwood, a 299-unit Class A multifamily development at 4400 West Broad Street on the boundary of the City of Richmond and Henrico County. The joint venture secured construction debt from Truist Bank. Construction is scheduled to begin in April, with initial deliveries expected in late […]

Mill Creek Residential has broken ground on Modera Neptune, a new midrise residential community in Oceanside, California, located at 901 N Coast Highway near Neptune Way and within walking distance of Strand Beach. The podium-style, eight-story project will deliver 359 homes and a horizontally integrated 62-room boutique hotel that will operate independently from the residential […]