Author: ipgocorp

ROSEVILLE, CA – CONAM Strategic Investments Fund IV LP, a discretionary fund sponsored by The CONAM Group, announced the acquisition of Sonterra Apartments, a 136-unit multifamily community located in Roseville, California. This purchase expands CONAM’s footprint in the Sacramento region and represents the latest acquisition for Fund IV.
Built in 2001, Sonterra encompasses 136 units across ten two-story garden-style buildings situated on 6.66 acres. The community offers a comprehensive amenity package, including a 24-hour fitness center, resort-style pool and spa, outdoor barbecue area, resident clubhouse and leasing office, outdoor fireplace, picnic areas, package lockers, and a bocce ball court.
Interiors have been extensively upgraded, with 132 of the 136 units featuring hardwood flooring, stainless steel appliances, granite countertops, and modernized cabinetry. Each apartment home includes a private patio or balcony, and second-floor units feature vaulted ceilings up to 16 feet, enhancing the community’s open and suburban feel.
Located in Roseville, California, one of the Sacramento region’s most dynamic and desirable submarkets, Sonterra benefits from exceptional local fundamentals. Roseville offers convenient access to leading medical and technology employment centers, including the Sutter Health and Kaiser Permanente hospital campuses, as well as major employers in the Hewlett Packard Enterprise, Penumbra, and Oracle business corridors. The area’s robust public transportation network, vibrant retail and lifestyle amenities, and highly rated school systems contribute to its enduring appeal among families and professionals alike. Supported by strong household incomes and demographic growth, Roseville continues to outperform much of the greater Sacramento region in both employment stability and quality-of-life metrics.
“Sonterra represents the type of institutional-quality asset that aligns perfectly with our investment strategy — high-performing suburban communities in markets with strong demographics and barriers to new supply,” said Zach Markell, Acquisitions Director, CONAM. “Sonterra further complements our existing portfolio in the Sacramento market where CONAM has been a long-time owner operator.”

IRVINE, CA – Advanced Real Estate, an Irvine-based multifamily investment firm, has acquired The Cove at West Covina, a 138-unit apartment community located in West Covina, California, for $41 million. The purchase expands the company s growing Southern California portfolio, which now exceeds 12,000 residential units across the region. The acquisition reflects Advanced Real Estate s continued strategy of targeting well-located suburban assets with strong value-add potential and stable long-term fundamentals.
“The Cove is well located, with large units averaging over 1,000 square feet. It’s rare to find such an attractive unit mix for under $300,000 per unit,” said Rick Julian, CEO of Advanced.
“West Covina has been a historically strong rental market with abundant retail and employment and very little new competing supply. The last significant new multifamily development was completed over 12 years ago,” said Paul Julian, Rick’s son and president of Advanced. “We see great value in this type of low-density product in the San Gabriel Valley.”
Advanced plans to make significant renovations and upgrades to the property, including the addition of in-unit washers and dryers, new cabinetry, flooring, fixtures, appliances, windows and a modern paint scheme. These upgrades will be completed by R3 Construction (Advanced’s in-house construction company) and Advanced Management Company (its in-house property management company).
The gated community offers a wide range of lifestyle amenities designed to enhance resident comfort and convenience. Highlights include two resort-style swimming pools with cabanas and lounge areas, a fitness center equipped with state-of-the-art exercise equipment, and inviting outdoor firepits that provide a welcoming social atmosphere. Residents also benefit from a spacious, beautifully landscaped central courtyard, offering open green space for relaxation, recreation, and community gatherings.
This is the first purchase for Advanced’s new Opportunity Fund (Advanced Fund 24-3). The company plans to make more Southern California apartment acquisitions in the coming year.
Advanced’s investment offerings are open to its “friends and family” network, which has now grown to over 1,000 investors. “We have a unique tax-efficient structure, allowing investors to use their trapped retirement funds for the bulk of their investment and leverage a smaller personal contribution of cash,” said Rick. “We are always open to welcoming new investors.”

KENT, WA – MG Properties, a privately held real estate investment company headquartered in San Diego, announced the acquisition of Dockside Apartments, a premier multifamily community situated within the Lakes at Kent master planned community located in Kent, Washington.
Dockside Apartments is a 344-unit garden-style apartment community nestled along the Green River. Offering a unique blend of natural beauty and urban convenience, the property features spacious one-, two-, and three-bedroom residences, with modern interiors, open-concept layouts, and private outdoor spaces. Its scenic setting and proximity to Seattle make it a highly desirable retreat for residents seeking both relaxation and connectivity.
The community boasts an extensive suite of lifestyle amenities, including a resort-style swimming pool, three-level fitness center, clubhouse with lounge and kitchen, outdoor grilling areas, pet park, and more. Dockside Apartments aligns with MG Properties’ ongoing strategy of acquiring high-quality, well-located properties in strong West Coast markets.
“We are excited to add Dockside Apartments to our growing Pacific Northwest portfolio,” said Jeff Gleiberman, President of MG Properties. “Its ideal location, strong resident demand, and potential for continued growth make it a perfect fit for our long-term investment strategy.”
The seller was represented by Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper from CBRE. Financing for the transaction was led by CBRE Capital Markets’ Troy Tegeler and Trevor Breaux.
Dockside Apartments marks MG Properties’ 11th acquisition in the Seattle metro area and further reinforces its commitment to expanding its presence in dynamic, high-growth markets.

VIRGINIA BEACH, VA – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the $86 million acquisition of Reflections at Virginia Beach, a 480-unit garden-style multifamily community in Virginia Beach, Virginia. The acquisition is a strategic expansion of HGI’s portfolio in its home state, strengthening its presence in a market where it maintains a proven track record and deep operational experience with similar assets.
Built in 1986, the community spans 19 two- and three-story residential buildings across 30 acres. The property offers a mix of one- and two-bedroom apartments with 828 parking spaces for residents.
Reflections at Virginia Beach recently underwent a $7 million capital improvement program, enhancing its robust suite of amenities, including a resident clubhouse and lounge, an outdoor swimming pool, a 24-hour fitness center, a business center with meeting rooms, outdoor grilling stations and access to nearby nature trails. The property is also a short drive to the Virginia Beach oceanfront.
“The acquisition of Reflections at Virginia Beach underscores our commitment to expanding thoughtfully in markets where we have long-standing experience and strong performance,” said Yisroel Berg, Chief Investment Officer of Multifamily at HGI. “Virginia Beach is a dynamic market with robust employment and lifestyle fundamentals, making it an ideal location for our continued growth.”
Located just 15 minutes from HGI’s corporate headquarters in Norfolk, the acquisition builds on the firm’s established local presence. The company currently owns or manages over 1,400 units across five properties within the Hampton Roads metropolitan area.

WASHINGTON, DC – The NHP Foundation (NHPF), in partnership with CHV ownership entities—Change All Souls Housing Corp. and the Columbia Heights Village Tenants Association (CHVTA) announced the development of 1425 Harvard Street NW, the former parking lot of Columbia Heights Village apartments.
The ownership group closed on construction financing in July 2025 and construction began shortly thereafter. When completed in mid-2027, the development will deliver a new seven-story, 108-unit affordable housing community designed by Shalom Baranes Associates, PC, and built by McCullough Construction, LLC, bringing critically needed homes to one of Washington, D.C.’s most cost-burdened neighborhoods.
The 108-unit Harvard Court development is backed by a strong public-private partnership. The District of Columbia Housing Finance Agency (DCHFA) issued $48.26 million in tax-exempt bonds and underwrote more than $41 million in federal and DC Low-Income Housing Tax Credit (LIHTC) equity. Financing partners include Hudson Housing Capital, Bank of America, DCHFA, and the DC Department of Housing and Community Development (DC DHCD).
DC DHCD further strengthened the project with $24.29 million from its Housing Production Trust Fund 2022 NOFA, ensuring Harvard Court plays a major role in advancing the city’s affordable housing pipeline.
“This development reflects NHPF’s strategy of leveraging underutilized land within our existing portfolio to maximize housing production in ways uniquely designed for specific neighborhoods,” said Eric Price, President & CEO of NHPF, “It is exactly the kind of creative solution we need in high-cost areas like Columbia Heights.”
Harvard Court will deliver 100% affordable apartments, expanding opportunities for families and individuals at a range of incomes.
Located in the heart of Columbia Heights, Harvard Court responds to skyrocketing rents and displacement pressures by ensuring long-term affordability. The project will complement the existing Columbia Heights Village community, preserving neighborhood diversity while adding new homes and amenities.

DALLAS, TX – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the grand opening of Diamond Flats, a 331-unit luxury community with 5,000 square feet of ground-floor retail in Carrollton, Texas. The project addresses rising demand for high-quality housing across the Dallas-Fort Worth metroplex, pairing modern design with convenient access to major employment and entertainment centers.
Designed by Davies Architects with interiors by SJL Design Group, Diamond Flats was envisioned as a residential community inspired by art. From light-filled spaces to gallery-style corridors filled with curated artwork, the community s aesthetic embraces modern interpretations of classical art, creating an atmosphere that is both refined and approachable.
Diamond Flats was created with residents at the center of every decision, said Alena Savera, Vice President of Development at The NRP Group. We thought carefully about what people want in their daily lives, from abundant natural light to thoughtful touches like under-cabinet lighting, mirrors and quartz surfaces. This community reflects those choices, offering residents larger layouts, premium amenities and a unique design perspective that makes Diamond Flats stand out in the Carrollton market.
Located at 1402 Carrollton Parkway, the site offers access to the Sam Rayburn Tollway and President George Bush Turnpike, connecting residents to key business and retail districts, including Legacy West, The Star in Frisco and Grandscape. Its central location is a short driving distance from major employers such as JP Morgan, Toyota, Ericsson and Frito Lay, while downtown Dallas is less than 25 minutes away.
Residents of Diamond Flats will enjoy a premium amenities package anchored by a state-of-the-art fitness center, outfitted with a Pilates reformer, free weights, squat racks, spin bikes and HIIT training equipment. Residents will also have access to a resort-style pool with outdoor game areas and TVs, three landscaped courtyards, grilling stations and a coworking hub with a podcast space. Pet-friendly features include a dog park, spa and washing station.
Apartment interiors combine elevated finishes with functionality. Each home includes stainless steel appliances, in-unit washer and dryer, keyless entry, luxury vinyl plank flooring and ceiling fans. Two distinct finish packages are available, giving residents a choice of quartz countertops, cabinetry and kitchen backsplashes. Select homes feature private balconies.
The Dallas-Fort Worth metro area remains a priority market for The NRP Group. The firm has developed over 7,000 units across more than 30 properties in the region, and recently broke ground on the following new housing developments in the area: Jackson Road, a luxury 370-Unit multifamily community; Cora, a 340-unit mixed-income housing community in Anna, Texas; Sutton Flats, a 300-unit market-rate multifamily community in Howe, Texas; The Whitley, an upscale 330-unit multifamily community in Princeton, Texas.

INDIANAPOLIS, IN – BAM Capital, a multifamily syndication company based in Indianapolis, IN, announced the acquisition of Hayden Flats, a 2023-build, institutional-quality apartment community in Bloomington, Indiana. This key acquisition serves as the foundational asset in the BAM Multifamily Growth Fund V, expanding the firm’s multifamily investment opportunities in a high-growth market.
“I am confident that the acquisition of Hayden Flats exemplifies The BAM Companies’ commitment to disciplined growth and operational excellence,” said Ivan Barratt, CEO and Founder of BAM Capital. “This property strengthens our portfolio, and by leveraging our in-house management, we are well-positioned to deliver attractive risk-adjusted returns and long-term value to our investors.”
Strategically located, Hayden Flats is positioned to attract residents from the area’s robust tech, education, medical, and defense sectors. The community boasts a premier amenity package, including a saltwater pool with an indoor/outdoor lounge, a state-of-the-art fitness center, and an all-purpose sports and pickleball court. Units feature designer kitchens with quartz countertops and spa-inspired bathrooms. Residents also gain direct access to the B-Line Trail, providing a direct connection to downtown Bloomington.
The property’s close proximity to Westgate on Third, a ground-up BAM Capital development, will create valuable operational efficiencies and economies of scale. The Hayden Flats acquisition strengthens BAM Capital’s footprint in a key Midwestern market.

LAS VEGAS, NV – Waterton, a national real estate investor and operator, has partnered with The NRP Group, a vertically integrated developer, builder, and manager of multifamily housing, to acquire an 8.5-acre site on South Las Vegas Boulevard in Las Vegas, NV. The partnership announced the financial close for the development of a 368-unit luxury rental community with construction scheduled to begin imminently. The project represents the first partnership between Waterton and The NRP Group as Waterton enhances its traditional value-add strategy with its first large-scale development project.
“We’re excited to be partnering with such an experienced development firm to bring this project to life and further our development strategy,” said Kristi Nootens, senior vice president, development at Waterton. “This project offers an excellent opportunity to create a luxury rental community in a sunbelt market with relatively limited supply compared to similar markets. The location is proximate to a variety of employment opportunities in a growing submarket where the costs of homeownership far exceed the costs of renting.”
The South Valley rental community will consist of two four-story, elevator-serviced multifamily buildings offering studio, one-, two, and three-bedroom floorplans with select one-bedrooms also featuring a den. Residences will include quartz countertops, subway tile backsplashes and stainless-steel appliances in the kitchens, with luxury vinyl plank flooring throughout. The resort-style amenity package will include an outdoor pool, two courtyards, and outdoor seating areas with firepits and grilling stations. A well-appointed club lounge, co-working space and conference room round out the amenity offerings planned at the community.
“Partnering with Waterton has enabled us to bring high-quality housing to one of the nation’s fastest-growing regions,” said The NRP Group Vice President of Development Mike Moriarty. “As our first collaboration together, this project reflects our shared vision for creating a vibrant, thoughtfully designed community that meets the needs of today’s South Enterprise residents. With a prime location near major employment hubs, retail and entertainment, it offers residents a lifestyle that combines convenience and luxury living.”
Situated just 15 minutes south of the Las Vegas strip, the location will offer residents convenient access to diverse employment options including the new 1.2 million-square-foot Haas Automation headquarters and manufacturing center, Levi Strauss & Co.’s regional office and distribution center, and the NFL’s Las Vegas Raiders headquarters and practice facility. The recent opening of the 150-bed West Henderson Hospital brought an estimated 750 jobs to the area and plans for future expansion are expected to further contribute to economic growth and development in the area. Brightline West, a high-speed rail linking Las Vegas to Southern California with an estimated two-hour travel time, is expected to be complete in 2028 and will be a 10-minute drive from the property.
Waterton and The NRP Group are providing equity commitments while CIBC is providing a senior loan. The NRP Group will serve as general contractor and provide property management services. Delivery of the first residences is estimated for mid-year 2027 with completion targeted for early 2028.

HOUSTON, TX – Venterra Realty announced the completion and official grand opening of Camber Ridge at Cross Creek Ranch, a newly developed 312-unit luxury multifamily community strategically located at 5900 Texas Heritage Parkway in Fulshear, Texas. Designed for residents seeking comfort, convenience, and modern amenities, Camber Ridge delivers a new standard of apartment living in the rapidly growing Fulshear area.
Camber Ridge responds to the rising demand for high quality housing fueled by Fulshear’s rapid growth, top-ranked schools, and access to major employers. Approximately 30 miles west of downtown Houston, Fulshear sits in Fort Bend County, known for its scenic beauty along the Brazos River and a lifestyle that balances small-town warmth with metropolitan access. Fulshear is served by highly rated schools in the Katy Independent School District and the Lamar Consolidated School District and offers access to nearby dining, shopping, and entertainment within the Cross Creek Ranch master-planned community.
“Camber Ridge represents the kind of thoughtful, forward-looking development that defines Venterra’s approach to growth,” said John Foresi, CEO of Venterra Realty. “We’re focused on creating communities that reflect where residents want to live today and where markets are headed tomorrow. Fulshear’s incredible momentum, paired with the quality of life offered at Cross Creek Ranch, makes this a particularly exciting addition to our portfolio.”
The community features upscale one- and two-bedroom apartment homes with quartz countertops, stainless steel appliances, luxury vinyl flooring, large kitchen islands, garden tubs, stand-up showers, and full-size washer/dryers. Residents benefit from resort-style amenities including a resort-style pool and outdoor lounge, coworking spaces, a fitness center with yoga room, 2 dog parks, pet spa, and SMARTPACKAGE lockers. The community is pet-friendly and supported by Venterra’s signature SMARTHUB technology platform and 48-hour maintenance guarantee.
A defining feature of the community is its exclusive Quiet Building. Beyond our usual attention to sound insulating construction, this building is intentionally designed to further minimize noise and promote well-being, through enhanced sound-dampening construction and mindful design. The 48 quiet apartments offer a restorative environment ideal for residents who value focus, calm and comfort.
“Camber Ridge at Cross Creek Ranch was built with intention—combining quality craftsmanship, meaningful amenities, and an atmosphere that feels like home from day one,” said Andrew Stewart, Chairman of Venterra Realty. “This community expands our Houston presence while reinforcing our mission to create high-quality, exceptional living environments in locations where residents can truly thrive.”

CONROE, TX – Halstatt Real Estate Partners, a real estate private equity firm, announced the acquisition of The Fountains of Conroe, a 270-unit multifamily community located in Conroe, Texas. Halstatt acquired the property in partnership with Expedition Capital Advisors ( ExCap ), a Dallas-based multifamily investment firm.
Conroe s proximity to Houston s thriving energy sector and the Port of Houston, coupled with its location adjacent to the highly desirable Woodlands master-planned community, makes this a particularly compelling opportunity, said Steven Iannaccone, managing principal at Halstatt Real Estate Partners. We are pleased to partner with ExCap to reposition this 2008-vintage property, which benefits from significant barriers to entry for new development. Though the community is in solid condition and a prime location, we see room to upgrade the interiors and amenities to enhance its competitiveness and capture additional rent growth.
Following the acquisition, the partnership will launch a comprehensive value-add strategy aimed at elevating the property to the top of its competitive set while maintaining rental levels below new Class A properties. Planned improvements include selective renovation of the property s units from their original condition, reconfiguring and modernizing the clubhouse, and completing exterior enhancements such as repainting, roof replacements, and general site upgrades.
Halstatt Real Estate Partners identifies value-add and opportunistic real estate projects throughout Florida, Texas and the Southeast, partnering with experienced sponsors to implement strategic business and capital improvement plans. In this investment, Halstatt will collaborate with ExCap, a firm with deep local expertise and operational presence, having owned and asset-managed nearly 7,000 apartment units across Arizona, North Carolina, and Texas, including more than 1,400 units within the Houston metropolitan area.