Hamilton Zanze announced the acquisition of Vital at Springbrook, a 300-unit garden-style community in Alcoa, Tennessee, within the Knoxville metro area. The transaction closed on October 27, 2026. Mission Rock Residential, an affiliate of Hamilton Zanze, assumed management of the property, which sits on 9.75 acres within Springbrook Farms, a master-planned, mixed-use development in the Maryville-Alcoa submarket of Blount County. The company will operate Vital at Springbrook alongside its 14 other Tennessee communities, totaling 3,451 units, sharing regional vendors and

Carmel Partners announced the acquisition of Silver, a 268-unit multifamily community located at 333 Sunol Street in Central San Jose, California. The transaction represents Carmel’s fourth acquisition in the San Francisco Bay Area in Carmel Fund 9, according to the company. The firm stated the acquisition aligns with its strategy of using its Data Science and Research capabilities to identify residential assets in supply-constrained submarkets. Mike Ruiz, Partner and Head of Acquisitions for Carmel, said the acquisition reflects the company’s

Lewis Apartments announced the opening of Independence in West Sacramento, a gated rental community of 208 townhome-style homes. The leasing office and model homes opened to the public on October 24, with hours from 9 a.m. to 6 p.m. daily. The community is located in West Sacramento’s Southport/Bridgeway Island area, directly across the Sacramento River from downtown Sacramento. According to the release, Independence offers rental homes designed for residents who want the space and privacy of a single-family home without

Hamilton Zanze announced the sale of Indigo 19, a 196-unit apartment community in Virginia Beach, Virginia. The San Francisco-based multifamily investment firm acquired the property in January 2020. The sale followed a competitive process, according to Anthony Ly, senior director of transactions at Hamilton Zanze. “We’re pleased with the sale of Indigo 19 following a competitive process that delivered a positive outcome for our investors,” Ly said. “Limited new supply and rent growth have supported the Virginia Beach apartment market,

An affiliate of Oberndorf Real Estate Management in partnership with The Bascom Group announced the acquisition of Museum Park Apartments, a 117-unit multifamily property located at 465 West San Carlos in San Jose, California, for $53.1 million. Built in 2002, the garden-style community spans 12 buildings across 3 acres. The floor plans range from 1-bedroom to 3-bedroom apartments, with units averaging 1,035 square feet. The property includes 130 parking spaces, with most units featuring attached private garages and just over

Thompson Thrift announced that construction is underway on The Crossing Lofts at Fishers District, a 273-unit luxury multifamily community in the Indianapolis suburb of Fishers. The development includes approximately 10,000 square feet of ground-floor commercial space, with first residents expected to move in January 2028. The Crossing Lofts is located within The Crossing at Fishers District, the southern portion of Thompson Thrift’s Fishers District master plan and home to the 7,500-seat Fishers Event Center. The four-story, elevator-served community will include