Spirit Investment Partners, in partnership with Strategic Value Partners, announced the off-market acquisition of an 895-unit multifamily portfolio from Resia, the U.S. multifamily real estate and modular manufacturing subsidiary of Brazil’s largest homebuilder, MRV & Co. The portfolio includes the 573-unit Resia Ten Oaks community in Houston and the 322-unit Resia Rayzor Ranch community in Denton, Texas. The companies did not disclose the transaction terms. According to the release, both properties were completed in 2024 and feature modern amenities and

Security Properties, a Seattle-based real estate investment firm with more than $6 billion in assets under management, has acquired Langara, a 134-unit apartment and townhome community in Issaquah, Washington. The company announced the purchase price as $55.1 million, or approximately $411,000 per unit. The acquisition was completed in partnership with RGA ReCap Incorporated on behalf of Reinsurance Group of America, Incorporated. According to the release, Langara represents the 12th market-rate acquisition for Security Properties Fund VII, the firm’s latest investment

37th Parallel Properties acquired Woodbridge Villas, a 222-unit apartment community in Sachse, Texas. The multifamily real estate investment firm completed the off-market transaction for the property built in 2002. The acquisition expands the company’s portfolio in the Dallas-Fort Worth metro area. According to the announcement, Sachse has a median household income of approximately $117,000 and a crime rate roughly half the Texas average. “Woodbridge Villas is the type of asset and submarket we have consistently pursued throughout our history,” said

Livmark Communities has broken ground on The Collins Apartments at Union Park, a 457-unit rental community in Fort Collins, Colorado. The company announced the start of construction at a ceremony marking the project’s launch in the Union Park neighborhood. The development is located off Ziegler Road and Harmony Road in Midtown Fort Collins. According to the release, the location provides access to Front Range Village shopping center and the Harmony Road employment corridor, with proximity to Colorado State University and

Preiss, a national student housing and multifamily owner, developer, and operator, announced it has been awarded property management of The Mill and The Union, two student housing communities near the University of North Carolina at Charlotte. The company secured the management contract following the acquisition of both assets by New York-based Triangle Capital Group. According to the release, the agreement marks Preiss’ strategic re-entry into the Charlotte market, expanding its managed portfolio by 569 beds across 230 units. The Mill

GTIS Partners and GreyBrick Partners announced the acquisition of The Wilson, a 67-unit multifamily property located at 973 Market Street in San Francisco’s SoMa neighborhood. The transaction represents the ninth acquisition by a joint venture between the two firms focused on acquiring and repositioning small-scale multifamily properties in downtown San Francisco. The Wilson was originally designed by San Francisco architects Percy & Polk in 1904 and was redeveloped in 2014 into a residential community. The 7-story property includes 67 apartments