PEF Advisors Completes Acquisition of Belmont Villas to Preserve Affordable Senior Housing on Long Island

Preservation Equity Fund Advisors (PEF Advisors) has completed the acquisition of Belmont Villas, a 164-unit apartment community in West Babylon, New York. The property sits in Suffolk County on Long Island’s South Shore, roughly one hour from New York City, and is targeted to residents aged 55 and older. Built in 2009 with low-income housing […]

NRP Group and Marshall Heights Break Ground on The Waymark One Hundred Nine Unit Transit Oriented Affordable Housing in Ward Seven Washington DC

The NRP Group and Marshall Heights Community Development Organization (MHCDO) have closed financing and broken ground on The Waymark, a 109-unit, transit-oriented affordable housing community in Washington, D.C. Ward 7. Located at 4435 Benning Road NE, the nine‑story building will reserve apartments for households earning up to 30%, 50% and 80% of Area Median Income, […]

GID Expands Residential Platform Into Mid Atlantic Markets With Senior Managing Director Duncan Jones

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 […]

Bascom Group Acquires The Ellison in Summerlin Las Vegas

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 Complete Enso Apartments in Lynnwood

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 […]
Resilience at Scale: Overcoming Roadblocks in Modern Property Management Operations

Resilience at Scale: Overcoming Roadblocks in Modern Property Management Operations

Join award-winning podcasters, multifamily technology innovator Kerry W. Kirby, CEO of 365 Connect, and property management expert Ernest F. Oriente of PowerHour®, for a another exciting segment of the MultifamilyBiz + PowerHour Webcast Series. Launching April 22, 2026, at 3:00 p.m. Eastern Standard Time. This episode explores how today s multifamily leaders are navigating unprecedented […]

Lincoln Avenue Communities Breaks Ground on Landmark on Scioto Three Hundred Twenty One Unit Affordable Build to Rent Community in Columbus

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 Acquires Ardan Expands Uptown Dallas Presence With Amenity Led Renovation Program

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 Closes on Alta Roosevelt Delivering Attainable Housing in Saint Petersburg

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 Expands to Mid Atlantic With Acquisition of Ascend by the Sea in Millville Delaware

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 […]