Alpaca Real Estate and Phoenix Realty Group announced the acquisition of Bay Pointe, a 269-unit multifamily community in Miami’s South Kendall submarket, through a joint venture between the two firms. The property is a 7-story building constructed in 2024, located adjacent to Palmetto Bay with direct access to U.S.-1 / South Dixie Highway and Florida’s Turnpike. According to the release, Bay Pointe recently completed lease-up and is currently 95% leased. The community features a resort-style pool, 24-hour fitness center, business

Hamilton Zanze announced the contribution of two multifamily communities to the HZ Evergreen Fund. The additions are Ecco Apartments in Eugene, Oregon, and The Kingson in Fredericksburg, Virginia. The contributions bring the Fund’s total holdings to 12 properties, according to the company. The Evergreen Fund’s net asset value now exceeds $340 million, with gross asset value surpassing $800 million, the company reported. The Fund’s holdings have an average vintage of 1997, and the portfolio spans 6 states, including Arizona, Colorado,

The Bascom Group has acquired Jasmine Apartments, a 370-unit multifamily community built in 1980 and located in North Dallas near the Richardson city line. The purchase marks Bascom’s 42nd acquisition in Texas, according to the company. The property was foreclosed on in 2025 by the lender. Taylor Snoddy and Eric Stockley of Northmarq’s Dallas investment sales team marketed the asset. MORE Capital, an affiliate of Morgan Properties, provided debt financing for the acquisition, which was arranged by Joe Giordani, Scott

Griffis Residential announced the sale of Griffis North Creek, a 524-unit apartment community in the Seattle metropolitan area. The transaction was completed by Griffis Premium Apartment Fund IV. The Denver-based company reported that Net Operating Income growth at the property was nearly triple the National Council of Real Estate Investment Fiduciaries Property Index for apartments within the respective core-based statistical area. According to the announcement, targeted capital improvements and operational initiatives at Griffis North Creek drove 50% NOI growth while

Thompson Thrift recently hosted a ribbon cutting celebration for Switch, a 276-unit Class A multifamily community within Colorado Springs’ Polaris Pointe development, the company announced. According to the release, Switch is located on approximately 11 acres at the intersection of Voyager Parkway and North Gate Blvd. The property offers connectivity to I-25, positioning residents within a few minutes of area employers including the U.S. Air Force Academy, UCHealth Memorial Hospital North and Progressive Insurance. The location provides access to greater

GMH Communities and Invesco Real Estate announced the acquisition of Grant Street Station and South Street Station in West Lafayette, Indiana. The two properties include 176 units and 364 beds serving Purdue University students. Randall Calvert of TSB Realty served as exclusive sales broker for the transaction. Financial terms were not disclosed. GMH Communities is a vertically integrated real estate company specializing in the acquisition, development and management of living communities throughout the United States. Invesco Real Estate is the