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Park-Towers-Richton-Park
IllinoisInvestment SalesMidwestNews

Eastham Capital, Bender Cos. Buy Park Towers Apartments in Richton Park, Illinois, for $30.4M

by Lynn Peisner

RICHTON PARK, ILL. — Eastham Capital and Bender Cos. have acquired Park Towers Apartment Homes in Richton Park, 35 miles south of Chicago. This $30.4 million purchase marks Eastham’s third Chicagoland acquisition with Bender since the start of 2026. The co-investors also bought The Element in Mount Prospect and The Flats at Gladstone in Glendale Heights. The companies have, in total, acquired 13 properties through Fund VII. Park Towers, built in 1974, consists of 270 one- and two-bedroom units and such amenities as a fitness center, business center, on-site laundry …

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Olympus Property-Ascend-by-the-Sea
DelawareInvestment SalesNewsNortheast

Olympus Property Acquires Asset on Delaware Coast

by Lynn Peisner

MILLVILLE, DEL. — Olympus Property, a Fort Worth, Texas-based multifamily owner and operator, has acquired Ascend by the Sea in Millville. The 216-unit property opened in 2024. The seller’s identity was not disclosed, but the project was originally brought forward as Tupelo Sands, with town plan documents identifying DHI Communities as the developer. This sale marks Olympus’ first owned property in the mid-Atlantic region. According to the community website, the asset’s name has been changed to Olympus by the Sea. Amenities include a resort-style pool, fitness center, coffee bar, coworking …

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Momentum-at-First-Creek-Denver
ColoradoInvestment SalesNewsWestern

Momentum at First Creek in Denver Trades for $56M

by Lynn Peisner

DENVER — Momentum at First Creek in Denver was sold on March 31 by a Colorado-based developer to a private out-of-state investment firm for $56 million. The 200-unit property at 5500 Telluride St. is about 20 miles east of downtown Denver and approximately seven miles southwest of the Denver International Airport. It was developed in 2023. Craig Stack, Bill Morkes and Nate Moyer of the Stack Morkes Multifamily Investments division of Colliers represented the seller, while Colliers’ debt team arranged financing for the buyer. Amenities include a resort-style pool, an …

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Parks-at-Hallandale-Florida
DevelopmentFloridaNewsOperationsSoutheast

Move-Ins Begin at 13th Floor’s Parks at Hallandale

by Lynn Peisner

HALLANDALE BEACH, FLA. — Miami-based developer 13th Floor Investments has completed the first two residential buildings in its Parks at Hallandale project in Hallandale Beach and obtained a temporary certificate of occupancy allowing the first residents to move into the property. The community offers a mix of studio through three-bedroom floor plans across what will be seven residential buildings on a 15.5-acre site. The remaining five buildings are expected to be complete by this summer. Unit size ranges from 600 to 1,400 square feet, while monthly asking rents begin at …

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The-Opal-West-Valley-City
FinanceNewsUtahWestern

JLL Arranges Refinancing for The Opal in Salt Lake City Metro

by Lynn Peisner

WEST VALLEY CITY, UTAH — JLL has arranged an undisclosed amount of debt on behalf of TPG Angelo Gordon and Timberline Parters to refinance The Opal in West Valley City. JLL’s team was led by Leon McBroom, Jack Hunsicker and Ellie Savage. The Opal, completed in 2024, is comprised of 262 units and amenities such as a fitness center, hot tub, pickleball courts, clubroom and a pool. The property is 10 miles southwest of downtown Salt Lake City.

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Alta-Roosevelt-St-Petersburg
Affordable HousingDevelopmentFloridaNewsSoutheast

Wood Partners Plans May Groundbreaking for St. Petersburg Mixed-Income Project

by Lynn Peisner

ST PETERSBURG, FLA. — Wood Partners will break ground in May on Alta Roosevelt, a 381-unit community on 11.6 acres along Roosevelt Boulevard in St. Petersburg. Under Florida’s Live Local Act, which allows developers to build on land not originally zoned for residential if affordable housing is included, 40 percent of the units will be reserved for renters earning 120 percent or less of area median income. Completion is slated for April 2028. An existing office building on the site will be demolished, while the office’s parking garage will be …

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Bell-Trelago-Maitland
Company NewsNews

Sun Life to Acquire Bell Partners

by Lynn Peisner

TORONTO, GREENSBORO, N.C. — Sun Life Financial Inc. (NYSE: SLF), a Toronto-based global financial services firm providing insurance, wealth management, retirement and asset-management services, plans to acquire Bell Partners, a Greensboro-based multifamily investment and management firm, for $350 million. The transaction is expected to close in the second half of 2026. Sun Life also has completed its purchase of the remaining 44 percent stake in BGO, a global real estate investment management firm formerly known as BentallGreenOak, for about $1.2 billion. Sun Life acquired a 56 percent majority stake in …

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John-Winthrop-Apartments-Seattle
Investment SalesNewsWashingtonWestern

Kidder Mathews Arranges Sale of Vintage Seattle Property

by Lynn Peisner

SEATTLE — Locally based Nordic Partners Investments has acquired John Winthrop Apartments, a 79-unit property at 1020 Seneca St. in Seattle’s First Hill neighborhood. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon Anderson Multifamily Team represented the undisclosed seller. Nordic Real Estate specializes in value-add multifamily acquisitions with a focus on vintage properties. The John Winthrop building was constructed in 1925. Two units have been fully renovated. Nordic plans to implement a unit-upgrade program on the remaining homes.

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REV3-Walnut-Creek-Austin
Build-to-RentDevelopmentNewsTexas

Trilogy Investment Begins Construction of REV3 at Walnut Creek in Austin

by Lynn Peisner

AUSTIN, TEXAS — Trilogy Investment Co. has broken ground on a 190-unit, build-to-rent (BTR) townhome project in Northeast Austin. REV3 at Walnut Creek will feature three-bedroom townhomes averaging approximately 1,493 square feet. Each residence will include a one-car attached garage. REV3 Homes, a division of Trilogy Investment Co., will serve as builder for the project. Leasing is expected to begin in the third quarter of 2027, with construction completion slated for the second quarter of 2028. The Alpharetta, Georgia-based developer also has recently broken ground on other BTR projects in …

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Tower-on-Piedmont-Atlanta
GeorgiaInvestment SalesNewsSoutheast

TruAmerica Buys Atlanta High-Rise

by Lynn Peisner

ATLANTA — TruAmerica Multifamily has acquired The Tower on Piedmont, a 20-story, 155-unit high-rise community in Atlanta’s Buckhead submarket. The seller and sales price were not disclosed. Los Angeles-based TruAmerica has acquired approximately $250 million in market-rate and affordable housing since the start of 2026. With the new Buckhead addition, the company now owns and manages about 3,000 units in Atlanta. The prior owner invested $3 million in capital improvements to the property’s interiors, and TruAmerica plans to pick up the mantle with additional unit upgrades as well as updates …

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