Author: ipgocorp

SAN DIEGO, CA – Properties, a San Diego-based multifamily real estate investment firm, announced the acquisition of Dylan Point Loma Apartments, a multifamily community located in the highly sought-after Point Loma neighborhood of San Diego.
Dylan Point Loma is situated in one of San Diego’s most desirable coastal submarkets, offering residents convenient access to major employment centers, beaches, dining, and entertainment. The community features oversized floorplans averaging 1,134 square feet and garages for each unit. The acquisition aligns with MG Properties’ long-term strategy of investing in high-quality apartment communities in strong West Coast markets.
“This acquisition represents a compelling opportunity to expand our footprint in San Diego, a submarket where our business first started,” said Jeff Gleiberman, President of MG Properties. “Dylan Point Loma is well positioned to benefit from the area’s strong fundamentals, and we look forward to enhancing the community while continuing to deliver an exceptional living experience for residents.”
MG Properties plans to implement targeted capital improvements and operational enhancements designed to further elevate the property while preserving its neighborhood character.
The transaction underscores MG Properties’ continued expertise in the San Diego multifamily market and its commitment to long-term ownership of well-located communities.
MG Properties is a privately owned, fully integrated real estate company specializing in the investment, redevelopment, and management of multi-family assets. MG’s current portfolio is comprised of over 32,000 rental homes in California, Washington, Arizona, Nevada, Colorado, Texas, and Oregon, across 115 communities.

LOS ANGELES, CA – Bascom Northwest Ventures announced the sale of Tempo at Riverpark Apartments. The 235-unit property was sold by a Bascom affiliated venture for $105,000,000 to a venture led by Hines. Tempo at Riverpark is located less than a mile from the Pacific Ocean in Oxnard, California and just outside Los Angeles.
Bascom Value Added Apartment Investors Fund IV (“Fund IV”), an affiliate of The Bascom Group, LLC, and a private investment group led by Bascom Northwest purchased property for $75,250,000 in 2018. Brian Wirtz, Managing Director of Bascom Northwest, assisted throughout the investment execution process.
Oxnard is less than an hour’s drive from Downtown Los Angeles and only minutes’ drive to the Pacific Ocean. Located between Thousand Oaks and Ventura, Oxnard has established itself as a premier upscale coastal beach town in Ventura County. With its pristine beaches, unbeatable weather, charming Channel Islands Harbor, and captivating Victorian-era architecture, Oxnard offers a diverse range of breathtaking sights that span from the ocean to the mountains.
Tempo at Riverpark is a 235-unit apartment community located in Oxnard, California. This class “A” suburban multifamily community spans approximately 6.14 acres, offers spacious floor plans averaging 955 square feet, and is accompanied by luxurious interior finishes such as in-unit laundry, stainless steel appliances, custom sliding barn doors, large bedrooms with spacious open floor plans, balconies or patios, and much more. Amenities include an outdoor pool and spa, poolside cabanas, outdoor BBQ area, and fireplace, 24/7 fitness center, yoga/spinning room, and attached garages.
The rental community is located adjacent to The Collection at RiverPark, with a California Coastal blend of retail stores, restaurants, cafes, grocery, and outdoor spaces anchored by Whole Foods Market, REI, 16-screen Cinemark movie theater, Bowlero and over 30 food and beverage options. Tempo at Riverpark was developed and constructed by the Wolff Company in 2015. It consists of 105 one-bedroom one bath units at 804 square feet, 118 two-bedroom two bath units at 1,036-1,065 square feet, and 12 three-bedroom two bath units at 1,270 square feet.
This combination of Oxnard’s intrinsics and property upgrades totaling $1 million set the stage for a successful investment execution by Bascom Northwest. Apartment Management Consultants (“AMC”) managed the community for Bascom over the holding period. Both parties were represented in the sale by Blake Rogers, Alex Caniglia, and Kip Malo at JLL.

NEW ORLEANS, LA – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on NSA East Bank Apartments, a landmark adaptive-reuse development that will transform a decommissioned naval base into 294 affordable housing units and 30,000 square feet of ground-floor retail in New Orleans’ Bywater neighborhood.
NSA East Bank Apartments will serve as the residential anchor of a landmark rehabilitation of the Naval Support Activity (NSA) complex, which has sat vacant since 2011. The multiphase development will include the NewLab innovation hub—a cutting-edge facility dedicated to advancing energy industry breakthroughs and tech startup growth—and future phases including the Railyard Marketplace and a riverfront estuary park.
“This project will be transformative for the Bywater community and will bring new life to these historically significant buildings,” said David Garcia, LAC Vice President and Project Partner. “LAC is proud to play a role in preserving the architectural heritage of New Orleans while creating sorely needed affordable housing for local families.”
NSA East Bank Apartments will feature 1-, 2-, and 3-bedroom units serving families earning between 20% and 60% of Area Median Income (AMI), including 74 Project-Based Voucher (PBV) units. Resident amenities include a rooftop pool and clubhouse, first-floor community space, outdoor play structures, dog park, pet wash station and bike storage. The development will achieve Enterprise Green Communities Certification (LEED equivalent) and feature a rooftop solar array that will offset a portion of common-area electricity, reducing both environmental impact and operating costs.
NSA East Bank Apartments builds on LAC’s successful track record of historic rehabilitation projects in New Orleans, following the recent completion of the $35 million rehabilitation of the century-old Tivoli Place Apartments. The Tivoli Place project, LAC’s first rehabilitation in Louisiana, demonstrated the developer’s commitment to protecting the city’s historic past while delivering high-quality affordable housing.
NSA East Bank Apartments was designated a priority project by the U.S. Department of Housing and Urban Development (HUD). The project received overwhelming support from the City of New Orleans and the State of Louisiana, whose commitment was essential to making this complex undertaking possible.
The landmark NSA complex dates to June 1919, when the U.S. Army Quartermaster Corps constructed a 1.5 million-square-foot logistics center on the East Bank of the Mississippi River. The complex comprises three six-story buildings, each covering over 84,000 square feet, and is listed on the National Register of Historic Places for its crucial role in supporting military logistics during both World Wars.
LAC was joined at the groundbreaking ceremony by local leaders and elected officials, as well as development partners and representatives from J.P. Morgan, Capital One, Boston Financial, Stonehenge Capital, Customers Bank and Raymond James, each of which helped finance the new development.
“Through historic tax credit equity, bridge financing and strong public-private collaboration, we’re proud to support the revitalization of NSA East Bank — preserving New Orleans’ heritage and building a brighter future for its residents,” said Tim Karp, Managing Director, J.P. Morgan Community Development Banking. “By transforming a long-dormant historic site into a thriving district, NSA East Bank is creating affordable housing and lasting opportunities for the people of New Orleans.”
“Housing is the cornerstone of economic opportunity, and Capital One is proud of our track record as a top community development lender, ” said Dan Miller, Community Finance Capital Officer at Capital One. “We are proud of our partnership with Lincoln Avenue Communities and their commitment to empowering people throughout the region. The groundbreaking of NSA East Bank is a testament to how local leaders, public, and private partners can come together to deliver not just housing, but lasting opportunities for families and communities to thrive.”
The project, which fosters continuity and sense of place within the Marigny and Bywater districts, is part of a broader vision to create a mixed-use campus that will serve as an innovative economic catalyst for both the city and the region. Construction will begin immediately, with substantial completion anticipated in September 2027.

FORT WORTH, TX – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the completion and grand opening of Thrive on Crawford, a 67-unit mixed-income development in Fort Worth, Texas. The majority of homes are reserved for families earning 30%, 50% and 60% of the Area Median Income (AMI), with seven market-rate units available. The development integrates high‑quality housing with access to essential health services to improve long‑term outcomes for residents. The development includes 2,200 square feet of Class‑A commercial space leased to JPS Health Network.
Thrive on Crawford was designed to go beyond traditional affordable housing – integrating wellness services, quality amenities and convenient access to healthcare into a single community, said Max Whipple, Vice President of Development at The NRP Group. As our first Health and Housing development in Texas, this development reflects The NRP Group s commitment to delivering thoughtful, high-quality housing in high-opportune cities.
Located at 1310 Crawford Street, adjacent to a key site in JPS Health Network s $2.1 billion bond program expansion, Thrive on Crawford is part of a broader vision to enhance healthcare services across Tarrant County. The new community provides essential housing options for healthcare workers, young professionals and families, offering an urban lifestyle close to boutique shops, restaurants and entertainment along Magnolia Avenue with direct access to I-35W.
“Thrive on Crawford is a prime example of how healthcare can extend beyond traditional clinical settings to address the determinants of health, said Karen Duncan, MD, MBA, President and Chief Executive Officer at JPS Health Network. Our partnership with The NRP Group demonstrates what is possible when healthcare systems and developers come together to build healthier communities.
The development features one-, two- and three-bedroom apartments with high-end finishes, accompanied by modern cabinetry and private patios with storage units. Amenities include a business center with individual work pods, 24-hour fitness center, luxurious lounge center with a cafe, communal laundry facility and an outdoor playground. Thrive on Crawford also offers comprehensive resident service programs onsite, including adult literacy workshops, financial training and youth afterschool and summer programs.
As housing and health become increasingly connected, developments like Thrive on Crawford play a critical role in enhancing the well-being of Tarrant County residents, said Dustin Austin, Board Chair of the Tarrant County Hospital District Public Facility Corporation. This community was built on the premise that affordable housing is foundational to healthier, more resilient communities and offers a unique opportunity for healthcare providers to engage directly with residents to support their overall well‑being.
Project financing was provided by J.P. Morgan Chase and Berkadia, along with a tax credit equity investment through an investment fund managed by Red Stone Equity Partners. Additional financing was provided by the Near Southside Financing Zone TIF and Texas Department of Housing and Community Affairs. Wynne Jackson and Servitas helped co-develop the community
Thrive on Crawford is raising the bar on community redevelopment by providing housing, health services and opportunities to families in Tarrant County,” said Annette Reschke, Executive Director of J.P. Morgan Community Development Banking. “We are proud to support this vision, ensuring residents have access to affordable housing and vital healthcare services in a community designed for long-term success.
This health and housing collaboration not only allows JPS and other local healthcare professionals the opportunity to live within the communities they serve, but also provides residents with immediate access to important services such as primary care, pediatric, behavioral health, orthopedics, cardiology and oncology.
Thrive on Crawford marks The NRP Group s fourth Health and Housing development. The Dallas metro area remains a priority market for The NRP Group. The firm has developed over 6,000 units across 27 properties in the region and previously broke ground on a new affordable housing development, The Fielder, in Mesquite.

CANTON, GA – The Milestone Group announced the acquisition of Legends at Laurel Canyon, a 266-unit, garden-style apartment community located in the rapidly growing North Atlanta suburb of Canton, GA. The purchase price was not disclosed.
“Legends at Laurel Canyon represents a compelling opportunity to acquire a high-quality, newer vintage asset in one of metro Atlanta’s fastest-growing submarkets,” said Milestone Managing Director of Acquisitions, Jason Wise. Cherokee County has grown over 12% in the last five years and is expected to grow an additional 51% by 2050.
Canton is in the northern suburbs of Atlanta in Cherokee County, where more than 62,000 residents and close to 30,000 jobs have been added over the last decade. The community offers immediate access to a Publix-anchored shopping center and is proximate to more than three million square feet of retail, dining, and lifestyle amenities within a five-minute drive. Excellent connectivity to major employment centers, state-of-the-art healthcare facilities, highly rated schools, and an abundance of recreational resources enhance the attractiveness of the area.
Legends at Laurel Canyon offers large floorplans averaging 1,227 square feet and features an expansive clubhouse, fitness center, resort-style saltwater swimming pool, and convenience amenities, including Amazon Hub Lockers, a car care center, bike racks, and a pet park and spa within the gated community. One-, two-, and three-bedroom units feature gourmet island kitchens, quartz countertops, and ceramic-tiled backsplashes, along with Nest thermostats and wood-style flooring in sunlit units with 9-foot ceilings.
Wise added, “The property’s location benefits from favorable long-term supply-demand fundamentals and was acquired at a significant discount to replacement cost through assuming attractive existing financing. This acquisition offers downside protection with substantial upside potential in a market exhibiting the kind of structural growth fundamentals we are actively seeking.”

LUBBOCK, TX – Altus Equity Group completed the acquisition of a 279-unit multifamily portfolio in Lubbock, Texas, reinforcing the firm’s continued investment activity as it actively deploys capital amid ongoing uncertainty across the real estate capital markets.
The off-market transaction reflects Altus’ disciplined approach to identifying cash-flowing assets with strong in-place performance and financing structures that provide flexibility across market cycles.
“This acquisition is consistent with how we approach investing—prioritizing durable operations, downside protection, and the ability to adapt as market conditions evolve,” said Andy Eicher, Senior Vice President of Investments at Altus Equity Group. “We remain active in sourcing and executing opportunities where pricing, operations, and capital structure align.”
The portfolio consists of two adjacent communities—Bentwood Apartments and Bend at Bentwood Apartments—located along Loop 289 near major retail and employment centers. At closing, the properties were approximately 99% occupied and financed with long-term, fixed-rate assumable debt. No renovation program is planned.
The transaction capped an active year for Altus. In 2025, the firm acquired eight multifamily properties across West Texas, expanded into small-bay industrial with a 160,000-square-foot acquisition in the Dallas–Fort Worth Metroplex, and launched the Altus Secured Income Fund. The firm expects to continue its acquisition activity and further expand its investment platform in 2026.

DALLAS, TX – Quarterra, an industry-leading multifamily development and investment management firm, recently welcomed its first residents at Emblem Ravine, its newest attainable community in the Oak Cliff neighborhood of the Dallas-Fort Worth Metroplex.
Quarterra created the Emblem program to help address the national supply shortage of housing for middle-income renters. Emblem property development deploys a programmatic approach that utilizes consistent high-end interior finishes from one Emblem community to the next. Amenity designs and property features such as social rooms and fitness centers also follow a consistent programming approach. The focus on consistency allows Emblem developments to reach the market within an expedited time frame.
Emblem Ravine is Quarterra’s first Emblem community delivered in Texas, and 10th Emblem community delivered nationwide. Emblem Ravine features 372 spacious apartment homes in a modern garden-style community. With a proven amenities package and easy access to regional employers, schools, outdoor recreation, retail and dining, Emblem Ravine delivers an elevated living experience.
“The demand for attainable high-end housing for middle-income professionals isn’t abating, and Emblem Ravine helps to infuse much-needed inventory into the Dallas market,” said Nick Jacob, Director of Development at Quarterra. “The scale of the national Emblem model enables us to construct quality apartment homes at a significantly lower price point and better meet the needs of this overlooked demographic. We’re proud to welcome the first residents to Emblem Ravine and look forward to entrenching ourselves in the Oak Cliff community.”
Situated at 3500 W. Colorado Blvd., Emblem Ravine is ideally positioned along the Interstate 30 corridor and west of Downtown Dallas in the Oak Cliff neighborhood. Authentically Dallas with its historic character, cultural energy and active lifestyle, Oak Cliff puts destination dining, shopping and entertainment venues right at residents’ fingertips.
The Oak Cliff submarket is home to a diverse collection of local restaurants, independent coffee shops, retail and cultural destinations which feed the creative energy of the neighborhood. The retail and entertainment nodes of Trinity Groves and the Design District are just minutes from the property, adding to the dynamic offerings in the west Dallas area. Area attractions like Bishop Arts District, Stevens Park Golf Course and Kessler Park all provide escapes in the immediate vicinity, while Downtown Dallas is still readily accessible for entertainment or nightlife. House of Blues – Dallas, South Side Music Hall and Morton H. Meyerson Symphony Center, Dallas Farmers Market and Turtle Creek Arts Festival all host cultural events, while sports enthusiasts can catch a game at American Airlines Center, Cotton Bowl Stadium and Gerald J. Ford Stadium of Southern Methodist University.
The property is conveniently located near Westmoreland Road and Interstate 30, an east-west arterial highway that connects the Dallas CBD, the Mid-Cities of Arlington and Grand Prairie, and the Fort Worth CBD. The strategic positioning near key transportation corridors create ideal accessibility to Dallas employment hubs and attractions, as well as simple commutes to the neighboring cities of Arlington, Grand Prairie and Irving. The property is also just 20 minutes from Dallas Love Field and Dallas Forth Worth International Airport. Major regional employers — including AT&T, Parkland Health and Hospital System, UT Southwestern Medical Center, Texas Instruments and Amazon — are all within easy reach. Residents will also benefit from convenient access to office locations of several financial service firms that are moving to the uptown area in the coming years, including Bank of America, Goldman Sachs and ScotiaBank.
Apartment homes at Emblem Ravine include a mix of one-, two and three-bedroom layouts, ranging from 738 to 1,462 square feet. All homes come equipped with in-unit washers and dryers. Kitchens are appointed with stainless steel appliances and quartz countertops, and living spaces feature luxury vinyl flooring throughout. Sleek tile tub and shower surrounds produce a spa-like ambiance in bathrooms, and bedrooms incorporate expansive closets to extend storage space.
Community amenities include a resort-style pool and deck with loungers, as well as a veranda overlooking the pool area with a cozy fire pit for social gatherings. Outdoor grilling stations, a putting green, a dog park and an open air TrekFit fitness circuit contribute to an active outdoor environment, while a social lounge for entertaining keeps the energy going indoors. Covered carports and Parcel Pending package lockers also contribute to a convenient living experience.

LAS VEGAS, NV – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, and Rockefeller Group, a national developer, announced that pre-leasing is underway for Miraluna, a 342-unit Class A apartment community in south Las Vegas. Adjacent to the Southern Highlands Master-Planned Community, the resort-inspired development is now accepting applications, with initial move-ins beginning in March 2026. Miraluna, formerly known as Silverado, marks The NRP Group s entry into the Las Vegas market and the continuation of Rockefeller Group s growth in Nevada.
Miraluna features a curated collection of one-, two-, and three-bedroom residences, designed with contemporary finishes and versatile layouts to complement diverse lifestyles. Residents will enjoy an array of indoor and outdoor amenities that promote wellness, walkability and social connection. This distinctive blend of comfort and sophistication positions Miraluna as a premier destination for high-end, resort-inspired living in Enterprise.
We are excited to bring Miraluna to life as Rockefeller Group s first Las Vegas community in such a desirable and vibrant location, said J.P. Harlow, Managing Director for Rockefeller Group in the West Region.
From the architecture to the shared spaces, the community was designed to offer residents a lifestyle that feels both luxurious and welcoming. Miraluna adds a new option for renters who want modern interiors, resort style amenities with all the latest wellness offerings and access to the best of Las Vegas, added Matt Bruns, Director for Rockefeller Group.
Situated on a 13-acre site, Miraluna features 15 three-story, garden-style residential buildings totaling 342 units. Its locally inspired architecture, designed by Las Vegas-based Perlman Architects, incorporates stone and metal accents that distinguish the community from traditional stucco-style properties in the area.
Miraluna is located in the town of Enterprise, offering residents proximity to major job corridors, retail centers and landmarks including the Las Vegas Strip, Allegiant Stadium and Harry Reid International Airport, all within a seven-mile radius. The community is also a short distance to both Henderson and Summerlin.
Enterprise continues to attract renters seeking premium housing near major employment centers and lifestyle destinations, said Chris O Neill, Executive Vice President of Development at The NRP Group. Miraluna responds to that demand by delivering thoughtfully designed homes with modern interiors and a robust amenity program that enhances the everyday resident experience.
Miraluna will feature a 7,000-square-foot clubhouse with a social and sports lounge, communal kitchen, fitness center with a yoga room, and a coworking space with offices and meeting rooms designed for remote professionals and students. Outdoors, residents can enjoy a resort-style pool with cabanas, pickleball and bocce courts, dining and grilling areas, a sauna, yoga lawn, fire pit, and dog park.
Residential interiors feature quartz countertops, stainless steel appliances, upgraded cabinetry and LED backlit bathroom mirrors. The community offers detached garages, carports and extra storage space for residence, and select apartments include balconies and private yards.
Las Vegas is a priority market for The NRP Group. In 2025, the firm broke ground on nearly 1,200 units across four developments throughout the city, spanning luxury, market-rate and affordable housing. The NRP Group has developed more than 62,000 apartment homes since 1994 and currently manages over 30,000 residential units across the U.S.
Rockefeller Group is a diversified development company focused on multifamily, office and industrial real estate nationally. The company has been active in Nevada since 2022 and has developed more than 650,000 square feet of premier logistics real estate in the Las Vegas area. The company was founded in 1928 for the development of New York s Rockefeller Center, and over the past decade has completed more than 3,000 luxury residential rentals and condominiums across the U.S., with nearly 4,000 multifamily units in various stages of construction or planning.
Construction of Miraluna began in December 2024, with final completion slated for Q1 2027. Pre-leasing is actively underway, with initial move-ins commencing in March 2026.

ORLANDO, FL – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Heritage Estates community in Orlando, FL. This successful close represents the 15th investment in Knightvest’s Fund II, and the third acquisition in Orlando in six months, bringing the total units owned in the market to 1,535 units.
Built in 2003, the 230-unit apartment community is located in the fast-growing corridor of East Orlando with close proximity to major employment hubs such as Lockheed Martin, the University of Central Florida, Orlando International Airport, and Lake Nona. Knightvest will implement a comprehensive renovation program with planned improvements to unit interiors, the property’s exterior, and the common areas, including a 9,000 square-foot clubhouse and fitness center. As part of the renovation efforts, Knightvest has renamed the community to The Palmer.
“With The Palmer, we’re expanding our presence in a region where we’ve seen strong performance,” said David Moore, Knightvest founder and CEO. “The community’s spacious floorplans, high-quality construction, and proximity to major employment hubs make it a compelling addition to our portfolio. This acquisition reflects our deep-market strategy, focusing on fewer, more concentrated markets where we can build scale and local expertise that directly benefits performance.”
With three acquisitions in six months, Knightvest has established meaningful scale in Orlando since entering the market in 2022. The firm’s growing presence positions it to operate with greater efficiency and local insight as it continues to pursue opportunities across one of the fastest growing regions in terms of both population and employment.

AUSTIN, TX – Machine Investment Group (MIG), a real estate investment platform focused on opportunistic, distressed, and special situations across the United States, announced the off-market acquisition of Rise 120, a newly built property consisting of 227 multifamily units and 15,000 square feet of retail located in Georgetown, TX, a highly desirable and fast growing submarket of the Austin MSA.
Rise 120 offers recently completed (Q1 2024) rental apartments within a submarket dense with high-income employment drivers. The property is situated 2 minutes from I-35, providing accessibility to Downtown Austin, Georgetown and Round Rock, and major North Austin employment drivers including Dell, Apple, and the Domain. Georgetown ranked as the fastest growing city in the nation by the U.S. Census Bureau from 2021 through 2023, outpacing the broader Austin MSA for more than 10 years. Austin, as a whole, has demonstrated a track record of attracting a highly educated and affluent population, exceeding every other major U.S. city in growth over the last decade.
The purchase of Rise 120 represents an opportunity to acquire a high-quality, new construction multifamily asset at 30% below the developer’s basis, driven by a period of capital markets dislocation, as well as a temporary oversupply. MIG plans to accelerate lease-up through a further investment in Rise 120 that will differentiate the property with additional amenities, slated to include a golf simulator, sauna, and cold plunge. Existing amenities include a pool, fitness center, resident lounge, grill area, and dog park. Rise 120 is the only building within its competitive set to contain retail space, and MIG plans to support retail leaseup with tenant improvement allowances. Local market dynamics are expected to drive continued residential rent growth over MIG’s investment period.
“Austin recognized significant overbuilding in the recent commercial cycle, however we believe the multifamily distress is transitory in specific submarkets as the MSA offers some of the strongest medium-to-long term fundamentals in the country,” said Eric Rosenthal, Co-Founder and Managing Partner of Machine Investment Group.
MIG completed the acquisition in partnership with Alta Real Estate Partners, a vertically integrated multifamily investment firm. Walker & Dunlop represented the seller in the transaction.