Author: ipgocorp

RALEIGH, NC – Elevest Capital, a boutique private equity firm specializing in multifamily real estate, announced the successful completion of Fund 63 with the acquisition of a 97-unit B+ class multifamily property located in the Raleigh-Durham MSA, in partnership with Rise48 Equity. This latest acquisition underscores Elevest Capital’s continued dedication to sourcing high-quality assets that offer strong investment potential and enhance communities.
Built in 1987, the asset is well positioned within a strong submarket of one of the Southeast’s fastest-growing metropolitan areas. The property offers compelling value-add potential through unit renovations and targeted amenity enhancements. It currently benefits from healthy occupancy levels and is supported by robust fundamentals, including an expanding job base, continued population growth, and sustained rental demand.
“Our ability to successfully close Fund 63 demonstrates the ongoing strength of our investor base and their confidence in our investment strategy,” said Adam Williams, Founder & CEO of Elevest Capital. “The Raleigh-Durham area continues to attract residents and businesses alike, making it a compelling addition to our portfolio.”
To drive long-term value and enhance the resident experience, there are extensive plans to execute a comprehensive renovation program focused on upgrading unit interiors, installing in-unit washers and dryers, and enhancing community amenities. These strategic improvements are intended to increase occupancy, support rental growth, and maximize investor returns.
“This acquisition reflects our commitment to identifying high-quality assets with strong value-creation potential,” said Dana Williams, President of Elevest Capital. “By executing a strategic renovation plan and applying proven management expertise, we believe the property is well positioned to deliver long-term benefits for residents while generating attractive returns for our investor partners.”

CHICAGO, IL – S2 Capital, a national vertically integrated real estate investment manager, announced the acquisition of Ovaltine Apartments, a 344-unit garden and loft-style multifamily community located in Villa Park, Illinois, a western suburb of Chicago, marking the firm’s first investment in the greater Chicago area. Terms of the transaction were not disclosed.
The acquisition represents a strategic expansion for S2 into a new major U.S. market following several years of evaluation and underwriting across the Chicago region. The property was acquired through a highly competitive marketing process led by the JLL Investment Sales team and aligns with S2’s value-add investment strategy.
Originally converted from the historic Ovaltine Chocolate Factory in 2001, Ovaltine Apartments is a generational landmark asset featuring distinctive loft-style layouts, 9- to 15-foot ceiling heights, and unique architectural character rarely found in suburban Chicago. The community is located in DuPage County, a supply-constrained submarket with no new multifamily units currently under construction within a three-mile radius and strong recent rent growth.
“All markets are not created equal, and our entry into Chicago reflects years of disciplined research and conviction around long-term fundamentals,” said Cole Stephens, Managing Director of Asset Management, Residential at S2 Capital. “Ovaltine offers a compelling combination of historical character, durable demand drivers, and value creation potential, making it an exciting first investment for S2 in the Chicago market and a strong addition to our portfolio.”
The property has demonstrated exceptional recent performance, maintaining average occupancy above 95% since January 2024 while consistently outperforming comparable properties in rent growth. Approximately 98% of units remain unrenovated or only partially upgraded, providing S2 with the opportunity to execute a comprehensive renovation program aimed at driving rental growth and enhancing resident experience.
S2 acquired the asset through its fully discretionary closed-end fund, S2 Real Estate Fund II. The firm plans to leverage its vertically integrated operating platform to implement interior renovations, targeted capital improvements, and operational efficiencies over the investment horizon.

NASHVILLE, TN – National multifamily developer Wood Partners has officially closed on Alta Beacon in Nashville, Tennessee. The 328-unit, wrap-style multifamily community will break ground this month and is slated to deliver first units in Q2 of 2026.
Located on the edge of the Wedgewood-Houston neighborhood, just a few blocks south of downtown, Alta Beacon offers residents convenient access to one of Nashville’s fastest-evolving neighborhoods. The area is seeing the arrival of ultra-luxury brands such as Hermès and Brunello Cucinelli, positioning Wedgewood-Houston as a growing destination for dining, retail and culture.
“Nashville’s multifamily market continues to show strong demand, and Alta Beacon allows us to deliver a thoughtfully designed, amenity-rich community that meets the needs of today’s renters,” said Andrew Steffens, Managing Director at Wood Partners. “We’re looking forward to starting construction in the midst of the neighborhood’s explosive growth and at a time when other comparable projects are stalling. I can’t express how proud I am of our local team for continuing to pursue and execute on exceptional investment opportunities.”
Situated upon a 60-foot bluff, the 5-story community will feature a mix of studio, one- and two-bedroom apartment layouts. Future residents can enjoy protected high-rise quality views, a clubhouse, a fitness area, a resort-style pool, an indoor sky deck with a large exterior deck, dog yards, a pet spa and gate-protected structured parking.
Upon completion, Wood Partners will have delivered more than 3,500 units across Nashville. Earlier this year, the firm broke ground on Alta Gallatin, a 372-unit multifamily community situated on 35 acres. That project will include a commercial component at the entrance, along with a clubhouse, fitness center, business hub, pool, dog park, amenity lawn and for-rent detached garages.

BOSTON, MA – International real estate business Pembroke has announced the acquisition of Proto in Kendall Square in Cambridge, MA. A vibrant property since opening in 2018, Proto s 280 units are currently 95% occupied. The property is situated in the epicenter of technology, life science and academia and offers residents amenities that improve the quality of life—community spaces for entertaining or work, onsite concierge, a landscaped terrace, fitness center, pet spa and expansive bike storage. Sustainability features include LEED gold certification, EV parking and all electric energy star appliances in units.
This decade is one when we ve seen the global real estate market profoundly change—people want more from the places where they live and work, and they want ease in transitioning between these places. We re diversifying our portfolio to complement our office and mixed-use properties in leading metropolitan markets by investing in residential assets in the same locations, said Edward Johnson, President of Pembroke. Proto is our fifth residential acquisition in two years, and it s particularly meaningful to us, because it s not only our first acquisition in the Boston-area since launching our diversification strategy, but Boston also is the city where Pembroke began twenty-eight years ago.
Pembroke continues to focus on diversifying its portfolio and is sourcing more development and operating multifamily opportunities across North America, Europe and Asia Pacific. We continue to focus on identifying the attractive opportunities in our target markets, be it high-quality existing assets or ground-up developments, and are in a unique position to close deals expediently, said Jack Clark, Senior Vice President and Head of Investments at Pembroke. We look forward to uncovering what opportunities 2026 will bring.
The Boston area has been a focal point not only for Pembroke s investment team but also the development and design teams, as they transform the former Seaport World Trade Center into Commonwealth Pier. Opening in 2026, Pembroke is revitalizing Commonwealth Pier to create a new waterfront destination with a mix of restaurants and retail, new public spaces connecting Boston Harbor with the dynamic Seaport neighborhood and programming welcoming people from across Boston and beyond all four seasons. Commonwealth Pier also will be a new home for Fidelity Investments and the Museum of American Finance, an affiliate of the Smithsonian Institute which will welcome the public to its exhibits and programming free of charge, advancing its mission to make financial literacy accessible to all.
Like many Bostonians, I have known this iconic, waterfront property through very different functional evolutions. Originally a series of industrial warehouses, we ve preserved notable historic features while modernizing the building to give it a human scale and infusing it with next-generation technology that meets the needs of today s users, Johnson said. We literally cut out parts of this massive property to create spaces that encourage connections for the public and the building occupants. There s a flow that runs through this property that will inspire exploration.
Also in 2025, Pembroke acquired multifamily development sites in Munich and Melbourne. Alramstrasse 14 is a 16,500 sqm property in southwest Munich just four kilometers from Munich City Centre which Pembroke will transform into a complex with high quality rental apartments complemented by community features, green spaces and retail. 155 Johnston Street is located in Melbourne s trending suburb, Fitzroy, less than two kilometers from Melbourne s Central Business District (CBD) where Pembroke is planning a multi-use complex with contemporary rental apartments with a wide range of lifestyle benefits. Pembroke launched its ambitious global diversification strategy two years ago with the purchase of two operating assets: The Lark in London in December 2023 and Fitzroy in Arlington, VA outside Washington DC in December 2024. Pembroke has offices in these cities and will rely on its distinctive approach leveraging both global expertise and local knowledge to advance its work as a multifamily investor, developer and asset manager.
Pembroke s Boston portfolio also includes the office towers Seaport East and West at Commonwealth Pier, 255 State Street and 245 Summer Street.

NEW YORK, NY – Oakline Properties announced a new partnership with Drucker + Falk, a Top-50 NMHC multifamily and commercial property management firm with over 43,000 apartment units under management. The partnership will enable the continued longevity of DF’s successful legacy in the property management industry.
Founded by Emanuel E. Falk and A. Louis Drucker in 1938 in Newport News, VA, DF has grown to manage properties in 10 states and today has over 1,000 employees. The company has been under the leadership of third-generation owners and managing directors Wendy Drucker, Kellie J. Falk, and David Falk, Jr. since 2005. For 87 years, DF has paired the tools, technology and resources of a national organization with the personalized service of a local partner. DF s forward-thinking, people-focused approach has guided its growth into one of the nation s largest and most established property management and commercial real estate firms.
In the transaction, Drucker + Falk was represented by M&A advisors, Transact Capital Partners, with the deal team led by Partner, Patrick Morin and Managing Director, Mark Leone.
We are tremendously excited to partner with Oakline as they help us bring DF s operations into its next phase of growth and scale, added Kellie J. Falk, Principal and Managing Director of DF. Our partnership provides the perfect puzzle piece that allows us to keep our foremost focus on providing best-in-class service for our customers, while continuing to invest behind our best asset, our people.
Oakline, launched in September 2025 by Alpine Investors, partners with leading property management companies by investing in their growth, preserving their independence and legacy while unlocking the advantages of national scale. Through modern technology, cross-platform lead generation, expanded service offerings, and access to world-class talent, Oakline supports partners growth and long-term success. The Drucker and Falk families will remain actively involved as the business partners with the Oakline platform, which will now manage 65,000+ units nationwide
From the outset, Oakline’s people-oriented mission gave us the confidence that they will take care of our people and the company we have built, said Wendy Drucker, owner and Managing Director of DF. We look forward to our next chapter and continuing to build on our property management industry leadership.
Wendy, Kellie, David and the team at Drucker + Falk have built one of the leading multifamily management firms in the US, said Amanda Sayigh, CEO of Oakline. We are deeply grateful for the opportunity to partner with them and to support the company’s continued growth, while maintaining the attributes that have defined its success to-date.

DURANGO, CO – Olympus Property has strengthened its presence in Durango, Colorado, with the acquisition of Confluence at Three Springs, a 171-unit, Class A apartment community located within the highly sought-after Three Springs master-planned development. Built in 2016, the property delivers a modern, lifestyle-oriented living experience in one of Colorado’s most supply-constrained housing markets.
This transaction represents Olympus’ second acquisition in the Durango market and advances the firm’s strategy of concentrating investment in submarkets where it maintains operational scale and local expertise. With Rocket Pointe under management since 2021, Olympus is positioned to drive operational efficiencies, leverage regional synergies, and enhance asset performance across both properties. The firm’s vertically integrated platform will support streamlined execution, long-term value creation, and compelling returns.
Durango’s substantial affordability gap, where median home values exceed $730,000 and renters enjoy a $4,000+ monthly cost advantage, alongside a 19% rent-to-income ratio at Confluence, reinforces the property’s appeal as a high-quality, attainable housing option in a high-barrier market.
“Durango has consistently demonstrated healthy supply-demand fundamentals, with strong rent-to-income dynamics and enduring appeal as both a lifestyle and workforce destination,” said John Vu, Director of Acquisitions at Olympus Property. “The acquisition of Confluence reflects our strategic interest in high-barrier, high-quality markets where our local presence and operational depth position us to deliver durable results. The strength of the Three Springs master plan and the property’s connectivity to major employers and outdoor amenities make it an ideal long-term investment for our portfolio.”
Confluence is situated near Mercy Regional Medical Center and Fort Lewis College, two of the area’s primary economic anchors, and benefits from proximity to year-round tourism, recreational assets, and ongoing public and private investment. The planned Mesa Park development will further strengthen this ecosystem, adding an events center, amphitheater, and expanded regional trail network by 2027.

ANN ARBOR, MI – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, has partnered with Manulife Investment Management (Manulife IM) to construct The Metropolitan on South U, a 259-unit student housing community at 1208 South University Ave. This project represents the sixth project in a build-to-core joint venture executed with the Manulife Infrastructure Fund pool.
Construction will begin imminently. Landmark Construction, the in-house general contractor for Landmark Properties, will build the project with Myefski Architects serving as architect. Peninsula Investments also partnered on the project, adding to their investments across Landmark’s portfolio of student housing communities.
“We are excited to move forward with construction on The Metropolitan on South U and bring much needed housing to the Ann Arbor market as enrollment growth at the University of Michigan remains steady,” said Jason Doornbos, Chief Development Officer of Landmark Properties. “The well-located community is poised to add renewed vibrancy to the university ecosystem in Ann Arbor.”
The Metropolitan on South U is steps from the University of Michigan’s Ross School of Business, the Michigan Diag, and a variety of shopping, dining, and entertainment options. Fully furnished residences will feature quartz countertops, hardwood-style laminate floors, stainless steel appliances, in-unit laundry, and will come prewired for internet and cable access.
“We are proud to expand our partnership with Landmark with this development at the University of Michigan, supported by strong local market fundamentals and a premier location adjacent to campus,” said Jonathan Kimball, Associate Director at Manulife IM.
“We are excited to partner with Landmark on our second development at the University of Michigan, and ninth in 2025. Its proximity to Ross School of Business makes it an ideal location within Ann Arbor, a market with strong market fundamentals,” said Juan Fernando Valdivieso, Managing Director of Peninsula Investments.
Community amenities will include a well-appointed clubhouse, modern fitness center, resort-style pool and rooftop lounge with a variety of seating options. The Metropolitan will also include approximately 5,000 square feet of ground-floor retail space.

DENVER, CO – Security Properties, the leading real estate investment firm in the Pacific Northwest, has acquired Rosemont West 84th, a 300-unit garden-style community in Federal Heights, Colorado, for $51,025,000. The purchase marks the firm’s eighth market-rate acquisition of 2025, pushing year-to-date deployment to nearly $700 million and reinforcing its position as one of the most active multifamily buyers in the country this year.
Located eight miles north of Downtown Denver, Rosemont West 84th offers direct access to I-25 and U.S. 36, connecting residents to major employment centers in Denver, Boulder, and the Interlocken Business Park. The property includes a diverse mix of studios, one-bedrooms, lofts, two-bedrooms, and townhomes, with nearly 90% of units already renovated with upgraded finishes and modern features.
Security Properties originally acquired Rosemont in 2017 and sold it in 2021 during a period of peak pricing. Regaining ownership at approximately one-third below its 2021 sale price and more than 50% below replacement cost underscores the firm’s disciplined investment approach and ability to act quickly when market conditions create rare, high-value opportunities.
“This acquisition highlights our ability to move decisively when we identify opportunities that align with our long-term investment philosophy,” said Mark Bates, Chief Investment Officer at Security Properties. “Our familiarity with Rosemont and deep knowledge of the Denver market allowed us to underwrite the opportunity with precision — a capability our investors and partners consistently rely on.”
The acquisition also expands Security Properties’ long-standing presence in the Denver region, which the firm first entered in 2010. Rosemont becomes the 13th property the company has owned in the metro. While overall investor interest in Denver has softened, Security Properties remains bullish based on historical performance, strong in-place demand drivers, and a sharply constrained supply pipeline. The Federal Heights submarket is among the tightest in the region, with just 313 new multifamily units delivered within a three-mile radius since 2019 and no current market-rate construction, a dynamic that supports long-term rent stability.
“Even as Denver moves through a period of normalization, its long-term fundamentals remain compelling,” Bates said. “A young, highly educated workforce, a widening affordability gap between renting and owning, and a notable slowdown in new supply point to sustained demand for well-located rental housing. We believe this is exactly the right moment to lean in.”
The acquisition reflects Security Properties’ broader strategy of expanding across key growth markets with a disciplined and focused approach. The firm’s relationships, regional expertise, and ability to provide executional certainty continue to highlight the firm’s unmatched sourcing and underwriting capabilities, especially in competitive or complex transaction environments.
“Our integrated team and decades of experience allow us to uncover and execute on opportunities that generate strong long-term outcomes,” Bates said. “We’re committed to growing our presence in Denver with the same thoughtful, disciplined approach that has defined our success in the Pacific Northwest.”

PHILADELPHIA, PA – GMH Communities, a vertically-integrated real estate company, and AEW Capital Management, a global real estate investment firm with over $82 billion in assets under management, announced their joint acquisition of two student housing communities: Dockside at Clemson University in Clemson, South Carolina and Flatiron at Louisiana State University (LSU) in Baton Rouge, Louisiana. Both properties are located near their respective campuses, offering convenient access and are outfitted with Class-A amenities.
With the addition of the Clemson and LSU communities, the AEW-GMH partnership will now own and operate more than 2,000 beds across four universities in Power 4 markets.
“For 40+ years, GMH has been a leader and innovator in the student housing industry,” said Gary Holloway, Jr., chief executive officer and president, GMH Communities. “We stay ahead of trends in the industry and understand what students seek in a community. The acquisition of Dockside and Flatiron underscores GMH’s commitment to investing in high-quality, well-located assets within fundamentally strong markets.”
“AEW is thrilled to expand its student housing portfolio in partnership GMH,” said Adam Schwank, portfolio manager and managing director at AEW Capital Management. “Dockside and Flatiron exemplify the attributes we seek in high-performing student housing assets: modern construction, generous common area spaces for students and prime locations adjacent to growing Power 4 universities.”
The 633-bed Dockside community will be rebranded as The Cove at Clemson, offering a premier lakefront setting with direct access to Lake Hartwell. In Baton Rouge, the 293-bed Flatiron community is recognized as one of the market’s few pedestrian-oriented housing options, offering convenience just steps from the LSU campus.
The off-campus, purpose-built student housing markets at Clemson and LSU continue to experience a demand driven by growing university enrollments and a desire for quality off-campus housing. Through this partnership, GMH and AEW aim to further enhance the living experience for students by creating environments that foster both academic and social success.

DALLAS, TX – Ashcroft Capital, a fully integrated multifamily investment firm, announced its acquisition of Birchstone Cedar Ridge, a luxury garden-style community in Dallas built in 2024. Ashcroft’s affiliate property management arm, Birchstone Residential, is now providing services for the residents of the community. The acquisition was completed through a joint venture that includes Pearlmark Real Estate and Temerity Strategic Partners. This acquisition marks the second in 2025 between Ashcroft and Pearlmark.
The Class-A property (formerly Jefferson Cedar Ridge) features 360 apartment homes and becomes Ashcroft’s 20th multifamily property in the Dallas-Fort Worth metroplex.
“We are excited to expand our Birchstone brand with the acquisition of Cedar Ridge apartments,” said Frank Roessler, founder and CEO of Ashcroft. “Through our ongoing partnership with Pearlmark and Temerity, we continue to acquire high-quality, institutional-grade apartment communities, and this property fits well within our investment strategy. We are targeting luxury communities in our metros at a strong discount to replacement cost. Properties like Cedar Ridge will allow us to showcase our customer service, which supports strong rent growth and retention.”
Located at 6165 Ridge Center Drive, Birchstone Cedar Ridge features one-, two- and three-bedroom homes ranging from 660 to 1,541 square feet. Community amenities include a resort-style pool with cabanas, outdoor kitchen and grill areas, enclosed dog park, 24-hour fitness center with cardio and strength stations, business center, EV-charging station, 24-hour emergency maintenance service and community clubhouse. The community also offers furnished apartments, flexible payment options and pet, housekeeping and delivery services.
Homes feature undermount kitchen sinks with gooseneck faucets, granite counters, white and gray shaker cabinets, modern pendant lighting, ceiling fans, plush carpeting, hardwood-style flooring and smart thermostats.
“Birchstone Cedar Ridge is an outstanding addition to our portfolio,” said Scott Lebenhart, chief investment officer of Ashcroft. “It has a wide array of onsite features that should serve to attract and retain residents, and it’s located in an area with great shopping, award-winning schools, museums and parks. With our strong presence in the Metroplex, Birchstone Cedar Ridge will also benefit from our economies of scale and operational efficiencies in the area.”
“We are proud to continue our relationship with our valued joint venture partners through the acquisition of Birchstone Cedar Ridge,” said Stephen Quazzo, CEO and co-founder of Pearlmark. “This is truly a best-in-class asset that offers a unique resident experience in this submarket. With the experience and expertise that Ashcroft and Birchstone Residential have in the Dallas-Fort Worth market and their dedication to premium resident service, we believe this property will perform extremely well.”
In addition to Texas, Ashcroft owns communities throughout Florida, Georgia and North Carolina. The company is actively pursuing additional markets in the Sun Belt.