Author: ipgocorp

BIRMINGHAM, AL – A strategic partnership between Pumphouse Residential Group, WeldenField Development, and SPM announced the successful acquisition of a premium student housing portfolio comprising two strategically located properties serving the University of Georgia (UGA) and Louisiana State University (LSU) markets. The portfolio includes The Lodge of Athens (240 units, 480 beds) and Wildwood Baton Rouge (204 units, 708 beds), totaling 444 units and 1,188 beds.
The integrated partnership combines acquisition and investment expertise from Pumphouse Residential Group and WeldenField with SPM’s specialized student housing operational management. SPM will provide comprehensive property management services and oversee planned renovation enhancements through SPM Building Services. Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), arranged the sale of the portfolio.
The acquisition demonstrates the importance of operational expertise in today’s competitive student housing market. The Pumphouse-WeldenField-SPM partnership was selected based on the team’s proven ability to execute complex transactions and deliver superior results in the student housing sector.
“This partnership represents the ideal combination of acquisition expertise, investment capabilities, and specialized operational management that today’s student housing investments require,” said Anthony Alsup, Pumphouse Residential Group managing partner. “We focus on acquiring well-located assets at universities where operational excellence can drive significant value creation. The ability to pair our acquisition and investment capabilities with SPM’s proven student housing management expertise was critical to executing this transaction successfully.”
The Lodge of Athens, built in 2003 and located just 0.8 miles from the UGA campus, features recently upgraded amenities including a fully gated community, brand new modernized clubhouse, an upgraded pool area and fitness center, a private shuttle to campus, and enhanced study areas with a new computer lab. The property also offers pet-friendly accommodations with a dedicated dog park, sand volleyball and basketball courts, and new grilling and hammock garden areas. Currently operating at 95% occupancy, the property demonstrates strong demand in the Athens market.
Wildwood Baton Rouge, constructed in 2016 and positioned 1.4 miles from the LSU campus, offers resort-style amenities including a pool area with cabanas, an outdoor fitness center, a “Gameday” room, a cyber café, and 24/7 study areas. The property features fully furnished apartments with 58″ smart TVs, private patios and balconies, full kitchens with bar areas, and townhome and flat-style apartment options. Additional amenities include fire pit and grilling pavilions, half-court basketball and volleyball courts, and comprehensive pet-friendly facilities. The property maintains an exceptional 98% occupancy rate, reflecting the strength of the Baton Rouge student housing market.
While SPM has built its reputation managing over 200 multifamily communities across 13 states, the company has assembled a specialized student housing team with deep sector expertise. SPM’s leadership team collectively brings over 65 years of student housing experience and has overseen well over $6 billion in student housing operations across 100+ markets in 35 states through previous roles at major student housing operators.
“Student housing demands specialized expertise beyond conventional multifamily management,” said Mitchell Smith, SPM executive vice president. “Our team’s collective experience managing billions in student housing assets across major operators paired with our technology-forward approach positioned us as the optimal choice to maximize the value of these premium properties.”
With these acquisitions, SPM will manage five student housing properties, building on its success at HELiX Starkville (now Philo Starkville Student Apartments) and leveraging its team’s extensive background to drive operational improvements and resident satisfaction.

BURLESON, TX – Sagora Senior Living announced the addition of Wilshire Senior Living in Burleson, Texas, to its impressive and growing portfolio of senior living communities across the nation. With this addition, Sagora Senior Living now owns and operates 95 communities in 10 states, continuing its mission of providing exceptional care and a resident-first experience.
Wilshire Senior Living offers a full continuum of care, including Cottages, Independent Living, Assisted Living, and Memory Care, designed to support every stage of senior living. Residents enjoy the freedom to live safely and comfortably in their own private studios, apartments, or single-level cottages—all within a beautiful, welcoming environment.
In addition to comfortable accommodations, residents benefit from a variety of personal services such as housekeeping, chef-prepared meals, maintenance, and laundry services, ensuring a stress-free lifestyle. The community also offers exceptional amenities, including a fully stocked fishing pond, whirlpool tub, full-service beauty salon and barber, and spacious outdoor patios and courtyards perfect for socializing or relaxing.
At Sagora Senior Living, we live by a resident-first philosophy, and we are thrilled to bring our compassionate care, engaging lifestyle programs, and dedicated team to the residents of Wilshire Senior Living. Our goal is to create a community where every resident feels at home, valued, and supported.
For residents in Memory Care, Sagora offers its signature Pathways Memory Care Program, a specialized approach tailored to each resident’s needs and designed to provide comfort, dignity, and engagement every day. Meanwhile, all residents can enjoy Sagora’s renowned Dining with G.R.A.C.E. programming, an acronym for Great food, Respect, Atmosphere, Chef-prepared, and Every meal—offering a restaurant-style dining experience that nourishes both body and soul.

DENVER, CO – The NHP Foundation (NHPF), a national not-for-profit leader in providing affordable, sustainable housing, announced the acquisition of land for its third Colorado deal in 2025, marking another significant step in addressing the region’s housing needs. The 0.9-acre parcel, located at 3701 16th Avenue in Denver’s Sloan’s Lake neighborhood, will be developed by managing partner Zocalo Community Development into 158 new energy-efficient apartments known as Liora at Sloan’s Lake. Rents at Liora will be limited to residents earning 30%, 50% and 60% of Area Median Income.
“Liora, and the entire redevelopment of the broader site at Sloan’s Lake, supports our mission to create housing affordability at all levels, both for-sale and for-rent,” said David Zucker, CEO, Zocalo Community Development. “Our partnership with NHPF reinforces Zocalo’s commitment to real estate development that balances investment returns, community, and environmental impact.”
Financing partners for the $60 million development include the Colorado Housing and Finance Authority (CHFA), which provided a tax-exempt bonds and 4% Low Income Housing Tax Credits, the State of Colorado and CHFA which offered $3.85 million Proposition 123 land loan, as well as an $18.5 million loan from Bellwether Enterprise, $24.5 million in LIHTC equity from a PNC Bank-managed fund comprised of a one-third party investor, $9.5 million in subordinate debt from the Colorado Division of Housing and several million dollars in deeply-subordinated loans from Zocalo.
“This project meets all three of the CHFA Proposition 123 Land Banking Program priorities: providing transit-accessible, high-density housing within two miles of downtown Denver; serving households at a mix of income levels; and ensuring environmentally sustainable development,” said Neal Drobenare, SVP of NHPF. “We are proud to expand our footprint in Colorado with another community designed for long-term affordability.”
Earlier this year, NHPF broke ground on 54 units of workforce housing, Galena St. in Frisco, CO. NHPF also acquired 101 W. Main in Frisco, where the organization will construct 52 units of workforce housing, with ground-floor space reserved for service providers or local businesses. The site includes a creek easement, improving public access to outdoor spaces.
Tim Pryor, NHPF Vice President of Acquisitions, added “Building 158 energy efficient apartments at Liora is a great way to preserve affordability in an economically flourishing area of Denver. We look at this opportunity as a blueprint for other expansion NHPF is undertaking in areas of need.”
The land was purchased from the long-time land owner in partnership with Zocalo. The development will be built to meet Enterprise Green Communities Plus standards, featuring an all-electric HVAC system and other environmentally conscious design elements.
“A strong, thriving economy includes workforce housing so Colorado workers can live in communities they love and close to their jobs. Projects like Liora at Sloan’s Lake are essential to creating transit-accessible, sustainable communities that meet the diverse housing needs of Colorado residents, and the State of Colorado is proud to support this development through the Proposition 123 Land Banking program,” said Eve Lieberman, Executive Director of the Colorado Office of Economic Development and International Trade.
“Liora Apartments is a testament to what can be achieved when dedicated partners come together to overcome challenges, and BWE is proud to support this vital effort to meet the urgent need for affordable housing in our community,” said Anthea Martin, Senior Vice President, Bellwether Enterprise.
“At PNC, we are committed to addressing the affordable housing shortage across the country by supporting developments that create lasting impact,” said John Nunnery, senior vice president and manager of Originations for PNC Multifamily Capital. “We look forward to seeing the Liora at Sloan’s Lake development positively contribute to the Denver and broader Colorado communities.”
“Liora at Sloan’s Lake is a model of what we can achieve when public and private partners come together with a shared commitment to making housing more affordable for Colorado residents. Through $9.5 million in support from the Department of Local Affairs, this collaboration brings over 150 energy-efficient homes to one of Denver’s most vibrant neighborhoods—close to jobs, schools, and transit. By investing in projects like this, we’re not only expanding housing opportunities but strengthening the foundation of our communities across the state.” Maria De Cambra, Executive Director, Colorado Department of Local Affairs.

RENO, NV – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the purchase of Village of the Pines, a garden-style apartment community in Reno, Nevada. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the community, which is located just east of key thoroughfare Interstate 580.
“We’ve long admired the Reno market, and we’re excited to sponsor the acquisition of Village of the Pines,” said David Nelson, president and chief investment officer at Hamilton Zanze. “This investment presents a fantastic opportunity for HZ investors to participate in Reno’s post-COVID growth. We were able to assume a highly accretive, fixed-rate agency loan that ensures strong cash flow throughout the hold period. This opportunity was sourced off-market through HZ’s strong relationships in the region. We look forward to pursuing additional investment opportunities in the rapidly growing Reno market.”
Located at 700 E Peckham Lane, Village of the Pines features 272 one-, two- and three-bedroom homes with various layouts available. The community, built in 1974, offers prime freeway access and is within a quick commute of Meadowood Mall, Reno-Sparks Convention Center, Atlantis Casino Resort Spa and a wide variety of additional retail and dining options.
Common-area amenities at the pet-friendly community include an outdoor swimming pool, barbecue/picnic areas, covered parking, laundry facility, playground and an onsite gym. Homes include air conditioning, wood-style flooring, high-speed internet and private patios or balconies.
The transaction represents Hamilton Zanze’s sixth sponsored acquisition of 2025. This includes two June acquisitions in the Reno area, Lakeview and Sand Pebble/Spanish Oaks.

ATLANTA, GA – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for The Levi, a 212-unit Class A multifamily community located in the Atlanta suburb of Stockbridge. Resident move-ins began in August, with construction completion expected in February 2026.
“Celebrating the official ribbon cutting for The Levi is an exciting milestone for our team,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “The Levi offers beautifully designed homes, high-end finishes and a vibrant community setting. We are thrilled to bring this new living option to the Atlanta area.”
Located at 1400 Jr. Grant Blvd., The Levi spans nearly 15 acres and provides 212 one-, two- and three-bedroom apartment homes averaging 1,100 square feet. Each residence includes the premium finishes Thompson Thrift communities are known for, including stainless-steel appliances, hardwood-style flooring, a walk-in shower, various smart home capabilities, full-sized washers and dryers and detached garages. Certain upgraded homes will also elevate the living experience and feature premium cabinetry with soft-close doors and a full-height backsplash, a deluxe closet system with shelving and attached garages.
The signature living experience continues throughout the gated community with a 24-hour fitness center, resort-style swimming pool, firepits, a pickleball court, a dog park, pet spa with grooming station, and billiards and shuffleboard. Residents will also enjoy socializing and relaxing in the outdoor seating areas, cooking on the outdoor grills, or working remotely in the focus suites.
The Levi sits within the 158-acre master-planned Bridges at Jodeco community, placing residents steps away from popular retail options like Costco Wholesale and Starbucks. Additional shopping and dining including Target, The Home Depot, PetSmart, and the nation’s first two-story drive-thru Chick-fil-A, are just a short drive away.
At the ribbon cutting, visitors were able to tour the model and explore the professionally decorated clubhouse and community amenities. As part of Thompson Thrift’s ongoing commitment to community engagement, they presented a check to local non-profit A Friend’s House to aid their efforts in providing shelter, care and permanency planning for youth in crisis, working to heal and support children who have experienced abuse, abandonment or neglect.

INDIANAPOLIS, IN – Gray Capital, a multifamily investment firm headquartered in Indianapolis, announced the successful acquisition of Flats at Stones Crossing, a 292-unit Class A apartment community located in Greenwood, Indiana (Indianapolis MSA).
Flats at Stones Crossing is Gray Capital’s twelfth apartment asset in the Indianapolis area. The firm’s deep experience and success within its home market have been central to the company’s continued growth and performance.
“Indianapolis and its surrounding submarkets are a core focus for Gray Capital. We believe deeply in the long-term fundamentals here in Indy, especially in suburbs like Greenwood,” said Spencer Gray, President & CEO of Gray Capital. “We are excited to further refine and elevate this community to deliver an exceptional living experience to residents in Greenwood.”
The acquisition marks Gray Capital’s only addition to their portfolio in 2025, following its purchase of the 384-unit Solana at the Crossing in September 2024, located on the Northeast side of Indianapolis. The firm strategically pursued The Flats at Stones Crossing as part of their highly selective investment thesis and on-going efforts to source high-quality newly developed multifamily assets at a discount within fundamentally strong Midwest markets. This transaction reflects Gray Capital’s continued confidence in the Indianapolis region, the Midwest growth story, and the long-term strength of multifamily housing.
Gray Capital’s plan for The Flats at Stones Crossing includes an elevation of the community’s already competitive amenity offerings through the addition of several new outdoor community spaces, improvements to landscaping, and parking. New outdoor “grill-and-chill” patio areas are designed to foster resident engagement and provide a true “backyard” experience uncommon among apartment communities.
“We’re always looking for ways to add more tangible value to our communities in ways our residents actually benefit – more than just aesthetics,” added Gray. “We are long term owners, and we’re committed to the Flats at Stones Crossing and Greenwood community for the long term,” said Spencer Gray.
Gray Capital’s assets under management now total over $1B, and the company has had more than $2.5 billion in transactions to date since its founding in 2015.

CHARLOTTE, NC – Sherman Residential acquired Elan Research Park, a Class A multifamily property in Charlotte, North Carolina, and renamed it Axis at the Park. Axis at The Park is a 348-unit luxury apartment community built in 2023 located in a dynamic suburban location.
The asset sits outside of the University (UNC Charlotte) submarket and at the footsteps of Research Park, which has 11 million square feet of office space that includes Wells Fargo, Vanguard, TIAA and Atrium health.
Axis at the Park’s garden-style property and its resident-focused amenities deliver: Studio to three-bedroom apartments reaching nearly 1,500 square feet; Two-story townhomes with attached garages; Luxury finishes, such as quartz countertops and matte black fixtures; Unique amenities for the area, including a pickleball court, two gated dog parks, and a resort-style swimming pool with designated lap lanes; Modern spaces available for work and study with both private offices and group work booths; An urban oasis with multiple outdoor lounges, fireplaces, and green spaces along the tree line; and Conveniences like three Level 2 EV chargers, in-unit washers and dryers, 24-hour fitness center and flex workspaces, and private garages.
We’re excited to return to North Carolina after the successful sale of a Charlotte asset earlier this year. Axis at the Park’s modern design and desirable submarket will make it a great addition to the Sherman portfolio.
Sherman Residential has been in the real estate business for over 100 years and currently owns assets in five states. The family-owned company is headquartered in north suburban Chicago.

SCOTTSDALE, AZ – Goodman Real Estate (GRE), a leading Seattle-based real estate investment firm, announced its acquisition of a premier luxury apartment community in Scottsdale, Arizona. The 119-unit property was acquired in a significant transaction The acquisition of this generational asset highlights the high barrier to entry in the coveted Old Town Scottsdale market, reinforcing our position while emphasizing the exceptional value and desirability of multifamily properties in the region.
The acquisition marks a strategic expansion for Goodman Real Estate within the thriving Arizona market. Known for its portfolio of high-quality, well-located multifamily properties, GRE’s purchase of this prominent Scottsdale community highlights its commitment to investing in high-growth areas.
Nestled in the heart of Main Street in Downtown Scottsdale, Scottsdale on Main is ideally situated, offering residents exceptional amenities and immediate access to the vibrant culture, dining, and retail of the surrounding Scottsdale area. The property features an exceptional selection of resort-inspired amenities, including an expansive outdoor kitchen and lounge perfect for entertaining, an expansive fitness center, year-round outdoor pool, and more—capturing the essence of luxurious Scottsdale living. Goodman Real Estate is committed to enhancing the community further by introducing a luxurious sauna and spa as part of planned renovations and upgrades in the coming months.
“Scottsdale on Main is a perfect fit for our vision—well-located, amenity-rich, and full of potential. We’re proud to bring the Goodman standard of excellence to this dynamic community,” said Kelli Jo Norris, President of Goodman Real Estate.
This transaction reinforces the strength of the luxury multifamily market in Scottsdale, which continues to attract discerning residents and savvy investors. Goodman Real Estate is recognized for its hands-on management approach and its focus on enhancing the resident experience through thoughtful capital improvements and operational excellence.
The addition of this asset strengthens Goodman Real Estate’s presence in the Southwest and aligns with its long-term strategy of acquiring premier properties in key metropolitan markets. The firm’s expertise in property management and value-add investment strategies will ensure the community continues to deliver an exceptional standard of living.
“This community is a remarkable addition to our expanding portfolio in the Arizona market. We are excited to continue exploring strategic investment and growth opportunities in the region, reinforcing our commitment to being an integral part of this thriving and dynamic community,” said John Goodman, Founder of Goodman Real Estate.
This sale underscores the strength and resilience of the Greater Phoenix housing market, highlighting its strategic positioning for sustained growth. As the region continues to attract forward-thinking investors, it reinforces a commitment to supporting local communities and fostering their ongoing development and growth.

CLEVELAND, OH – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the grand opening of The Collins, a 316-unit luxury community on the Scranton Peninsula in Cleveland, Ohio. The development has transformed a long-underutilized waterfront site into a vibrant new neighborhood, adding modern housing, open space and direct access to downtown Cleveland, Tremont and Ohio City.
Just steps from the Cuyahoga River and a short drive to downtown Cleveland, The Collins offers highly amenitized residences designed for a wide range of residents. The project responds to the city s growing need for high-quality, modern housing while activating a key part of the Scranton Peninsula.
The Collins demonstrates what is possible when you invest in Cleveland, said Aaron Pechota, Executive Vice President at The NRP Group. As a Cleveland-based company, we are proud to support the city s growth by reimagining this long-underutilized stretch of the Scranton Peninsula into a vibrant, well-connected neighborhood closely tied to downtown and everything that makes this city special. By leading early investment in this rediscovered area, we are bringing new energy and opportunity to one of Cleveland s most central neighborhoods.
Located at 1957 Carter Road, The Collins is close to major employers and medical centers including Cleveland Clinic, University Hospitals and MetroHealth, along with cultural and dining destinations such as the West Side Market, Great Lakes Brewing and Irish Town Bend.
Designed by BKV Group, The Collins spans over seven acres and comprises two five-story apartment buildings and three townhome buildings. Apartments range from studios to three-bedroom layouts. Townhomes include private entry, rooftop balconies and two-car garages. All homes are designed with high-quality finishes such as stainless-steel GE appliances, polished quartz countertops, modern cabinetry and luxury vinyl plank flooring.
Indoor amenities include a state-of-the-art fitness center, resident clubhouse, conference room, private breakout pods and a pet spa. A fifth-floor lounge provides sweeping views of the river and city skyline. Outdoor amenities emphasize connection and community. The Collins features a resort-style pool, firepits, grilling stations and a woonerf-inspired plaza designed for events, food trucks and neighborhood gatherings. Wide walkways prioritize pedestrians and connect directly to the Towpath Trail, with free onsite bike rentals available for residents to ride the trail to Irish Town Bend, Ohio City and downtown Cleveland.
Dollar Bank is proud to support a project that reimagines what urban living can look like in Cleveland, said Bill Elliott, Executive Vice President and Regional Lending Director at Dollar Bank. Financing developments like The Collins allows us to channel capital into projects that create long-term local value by adding housing, green space and connectivity that strengthen neighborhoods and help drive Cleveland s economic future.
Dollar Bank served as the construction lender. The Ohio Department of Development provided critical funds through its Brownfield Remediation and State Opportunity Zone Programs. The Ohio Water Development Authority provided gap financing as well. The City of Cleveland also provided tax abatement and Tax Increment Financing (TIF). All were crucial in achieving a successful project.

SCOTTSDALE, AZ – Elevest Capital, a privately held real estate investment firm specializing in multifamily assets, announced the closing of Fund 61, completed in partnership with Rise48 Equity through the acquisition of a 154-unit Class B+ apartment community in Mesa, Arizona. The transaction strengthens their presence across the Sunbelt and underscores its commitment to growth in dynamic, high-demand markets.
Ideally positioned in a strong B+ submarket, the property benefits from Mesa’s robust population growth, diverse employment base, and steady rental demand. This acquisition provides a prime opportunity to enhance long-term value while delivering consistent cash flow from day one.
“We’re thrilled to expand into Mesa with a property that checks every box, location, quality, and growth potential,” said Adam Williams, Founder and CEO of Elevest Capital. “Partnering with Rise48 Equity brings an added level of operational expertise that aligns perfectly with our vision for creating both investor value and exceptional resident experiences.”
As owner and operator, Rise48 Equity will spearhead a targeted renovation program designed to upgrade interiors, modernize amenities, and streamline operations. These improvements are intended to elevate the resident lifestyle and optimize the property’s performance over the long term.
“This collaboration represents our focus on forging strong partnerships that benefit all investors,” said Dana Williams, COO of Elevest Capital. “Rise48 Equity’s proven ability to execute thoughtful renovations and enhance community spaces will be instrumental in unlocking the property’s full potential.”