NewStar Exchange, a subsidiary of NEWSTAR, has acquired Sweetwater Springs, a newly constructed Class A townhome apartment community in Atlanta, Georgia, and launched a new Delaware Statutory Trust offering for accredited investors. The 95-home community delivers two-, three- and four-bedroom residences averaging 1,803 square feet. Each home includes an attached garage and a private balcony […]

FCP announced the $41.25 million acquisition through FCP’s Housing Preservation Fund of Cottages of Monroe, a 151-unit cottage-style apartment community in the suburb of Monroe, Union County, near Charlotte, North Carolina. The one-story, detached and semi-detached cottages were purpose-built in 2024 as a rental community. “The Cottages of Monroe investment supports our fund mandate to […]

Sherman Residential has acquired Elan Prosperity Village in Charlotte, North Carolina, and rebranded the property as The Wrenley. The midrise, Class A community totals 300 units and sits in the Prosperity Village submarket just off Interstate 485. The site offers direct connectivity to major employment centers. Sherman Residential notes access to more than 300,000 jobs […]

Canyon Partners Real Estate and MG Properties have acquired Shift Apartments, a mixed-height multifamily community in the East Village neighborhood of Downtown San Diego. The property consists of a 21-story tower and a 5-story building totaling 368 residential units, 18,840 square feet of ground-floor retail, and a 501-space structured parking garage. Completed in 2018, units […]

Penzance closed a significant fourth-quarter acquisition program, purchasing approximately $200 million in multifamily and residential assets totaling about 1,100 units and more than 1.2 million square feet across Virginia and the Carolinas. The four-asset portfolio targets markets with employment drivers and constrained new supply, and includes stabilized communities acquired below replacement cost alongside a build-to-rent […]

Aventine Development and Seawood Builders marked the groundbreaking on Phase I of Arbor House in Palm Beach Gardens, a new luxury multifamily community designed to combine traditional design cues with modern, amenity-forward living. Phase I will deliver a 13-story tower with 302 units ranging from studios to three-bedroom apartments. The building includes an attached garage […]