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95-Everett-Boston
Affordable HousingDevelopmentMassachusettsNewsNortheast

Pennrose Breaks Ground on $51.9M Mixed-Income Boston TOD

by Lynn Peisner

BOSTON — Pennrose has begun construction of 95 Everett Street, an 88-unit, transit-oriented, mixed-income development in the Allston-Brighton neighborhood of Boston. The approximate project cost, according to the City of Boston, is $51.9 million. The property is across the street from the Boston Landing MBTA commuter rail station. Units offered as studios or with one, two or three bedrooms will come with rent restrictions ranging from 30 up to 120 percent of area median income. Residents will have access to a clubhouse, rooftop terrace and a fitness center. Pennrose Management …

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Greenwich-Oaks-Greenwich
ConnecticutInvestment SalesNewsNortheast

RMR Buys Connecticut Properties for $365M

by Lynn Peisner

GREENWICH, CONN. — RMR Residential, a subsidiary of RMR Group, has acquired a two-property portfolio known as The Greenwich Collective for $365 million. Greenwich Oaks and Greenwich Place will be managed by ARIUM, RMR’s residential brand. The seller was not disclosed. Situated on the New York-Connecticut border, ARIUM at Greenwich Oaks at 255 Weaver St. features 134 two- and three-bedroom garden-style units. Amenities include a heated, resort-style pool, basketball and pickleball courts and a playground. ARIUM at Greenwich Place at 9 1/2 Putnam Green offers 272 one-, two- and three-bedroom …

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Res-at-White-Rock-Dallas
Investment SalesNewsTexas

Colliers Brokers Sale of Two Texas Properties

by Lynn Peisner

DALLAS AND FORT WORTH, TEXAS — Colliers has arranged the sale of two properties in North Texas: Apex Apartments in Fort Worth and Residences at White Rock Lake in Dallas. Colliers represented the seller in both transactions. Additional terms of the sales were not disclosed. Apex Apartments is a 152-unit community located at 5320 E. Rosedale Street in Fort Worth. Built in 1968, the property spans approximately 7 acres and consists of 10 two-story buildings containing a mix of one-, two- and three-bedroom floor plans. Residences at White Rock Lake, located …

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The-Versailles-Los-Angeles
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $47M Sale of The Versailles in Los Angeles

by Lynn Peisner

LOS ANGELES — Marcus & Millichap has brokered the $47 million sale of The Versailles Apartments, a five-story, 78-unit community in Los Angeles. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Millichap represented the seller and procured the buyer. Neither party’s identity was disclosed. Constructed in 1989, The Versailles Apartments has a rooftop pool and deck, a fitness center, laundry facilities on every floor and two levels of subterranean parking. Apartments feature hardwood floors, granite countertops, stainless-steel appliances and dishwashers. Select units have washers and dryers.

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Riverhouse-9-Weehawken
Company NewsMassachusettsNew JerseyNewsNortheastOperations

RHO Residential Tapped to Manage Former Veris Residential Portfolio

by Lynn Peisner

ROSELAND, N.J. — RHO Residential has been selected by the new ownership of Veris Residential to manage 15 properties in New Jersey and greater Boston. Veris Residential (NYSE: VRE) was taken private in an acquisition finalized in May. Craig Solomon of Affinius Capital in partnership with Vista Hill Partners, a real estate investment and development group headed by Bradford Klatt and Jonathan Kushner, bought the REIT for $3.5 billion. The assignment nearly doubles RHO Residential’s unit count to just under 12,000 apartments across 40 communities as well as approximately 182,000 …

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Estia-Roseville
Build-to-RentCaliforniaDevelopmentLeasing & MarketingNewsOperationsWestern

Zilber Opens BTR Project Northeast of Sacramento

by Lynn Peisner

ROSEVILLE, CALIF. — Zilber Residential Group and Homes by Towne, both affiliates of Zilber Ltd., have opened Estia Roseville, a 209-unit development approximately 20 miles northeast of Sacramento. The one- and two-bedroom single-story homes range from about 709 to 1,083 square feet, and each features a private entrance, walk-in closets, a washer and dryer, stainless-steel appliances and private, fenced-in backyards with built-in dog doors. The community also offers a dog park and a pet spa, along with a pool, clubhouse, 24-hour fitness center and a dedicated yoga studio. Asking monthly …

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Tobin-Estates-San-Antonio
DevelopmentNewsTexas

Rosewood Completes Third Phase of Tobin Estate Apartments in San Antonio

by Lynn Peisner

SAN ANTONIO — Dallas-based Rosewood Property Co. is now leasing the third phase of The Tobin Estate Apartments in San Antonio. The third phase spans 10 acres and includes 359 new apartments. With Phase III complete, The Tobin Estate Apartments number 956 units across 44 acres. The property is part of the original Tobin Estate, designed and built in 1959 by the late Robert L.B. Tobin, a longtime San Antonio arts patron. At the center of the property, the Tobin Endowment restored the historic Tobin Mansion into its office headquarters. …

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Rowan-Denver
ColoradoDevelopmentNewsWestern

Formativ Breaks Ground on Luxury Component of Denver TOD

by Lynn Peisner

DENVER — Locally based Formativ Real Estate Group has begun construction of Rowan, a 358-unit, 16-story community at 3875 Walnut St. in Denver’s River North Arts District, commonly known as RiNo. Located adjacent to the 38th & Blake commuter rail station, Rowan is part of Formativ’s larger investment in the 38th & Blake transit-oriented development site, which also includes 3850 Blake, a 310-unit workforce housing community currently under construction, and a forthcoming 180-key hotel. Units at 3850 Blake are reserved for renters earning up to 60 or 90 percent of …

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Warner-Swasey-Cleveland
Affordable HousingDevelopmentMidwestNewsOhio

Pennrose Breaks Ground on $64M Adaptive Reuse Project in Cleveland

by Lynn Peisner

CLEVELAND — Pennrose and nonprofit partner MidTown Cleveland have broken ground on the $64 million redevelopment of the former Warner & Swasey factory in Cleveland. In October 2025, Pennrose acquired the building at 5701 Carnegie Ave. from the City of Cleveland. The development team, working on this project since 2017, drew on 24 capital sources to bring the plans to fruition, including contributions from the City of Cleveland, Cuyahoga County and the Cleveland Foundation, among other public and private partners. Constructed in the early 1900s, the 194,000 square-foot, five story …

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Rock-Run-Residences-Joliet
IllinoisLeasing & MarketingMidwestNews

Marcus & Millichap Brokers Sale of Rock Run Residences in Joliet, Illinois

by Lynn Peisner

JOLIET, ILL. — Marcus & Millichap has brokered the sale of Rock Run Residences, a 128-unit property in Joliet. The asset traded between two private investors for an undisclosed sum. Rock Run Residences is situated on approximately 15 acres at 1524 Richard T. Rivera Way. Built in 2002 and renovated between 2021 and 2024, the property consists of seven buildings totaling 81,960 rentable square feet, with 12 studios, 96 two-bedroom, four three-bedroom and 16 four-bedroom units. Amenities include a clubhouse, fitness center, community kitchen, pool, picnic area, sand volleyball court …

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