CHANDLER, AZ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Modera Chandler, a contemporary garden-style community in southeast Phoenix.
The community, which offers 345 spacious homes contained within seven three-tale buildings, features a modern farmhouse-style aesthetic, a refined suite of amenities and a variety of high-end features and finishes. First go-ins are anticipated for May.
“We’re keen to welcome our initial residents to Modera Chandler, which we believe will quickly become a benchmark for quality and design in the area,” said Tyler Wilson, senior managing director of development of the Southwest region for Mill Creek Residential. “Chandler continues to emerge as a sought-after living destination, as residents are drawn to its extensive array of retail, restaurants and emerging employment opportunities. We’re excited to open our doors at a time when demand for quality rental-housing options continues to excel.”
Positioned just south of E Queen Road at 3100 S. Arizona Avenue, Modera Chandler is within a small commute of the Loop 202 (South Mountain Freeway), which connects to the city’s southern and eastern regions and serves as a gateway to the greater metropolitan area. Several retail options, restaurants and three grocery stores are within walking distance of the community, and the immediate area is also home to an abundance of walking trails, parks and lakes.
Modera Chandler offers one-, two- and three-bedroom homes with select den layouts and private patios or balconies. Community amenities include a resort-style swimming pool with sundeck and cabanas, hot tub and sauna, grilling area, fire pit, outdoor dining, expansive clubroom with gathering space, landscaped courtyards, coworking space with private pods, conference room, resident lounge with library, pet park, playground and a two-tale, club-quality fitness center with cardio equipment, TRX system, spin bikes and a yoga/Pilates studio. The community also features 24/7 digital self-serve package lockers, controlled-access garage parking, complimentary WiFi in common areas and additional storage options.
Homes feature nine- and 11-foot ceilings, oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, pendant lighting, movable kitchen islands with storage, spacious closets and in-home washers and dryers. Smart features include programmable thermostats, key fob entry, controlled-access guest technology, smart leak detection and smart lighting. Designer bathrooms include double vanities and tile shower surrounds.
Premium homes feature additional upgraded features, including two-tone cabinets, upgraded closet systems, under-cabinet lighting and waterfall edge islands. Modera Chandler is built to, and is pursuing, an NGBS Bronze certification.

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CLIFTON PARK, NY – MLG Capital, a national leader in private real estate investments, announced its acquisition of Kensington at Halfmoon, a 200-unit multifamily community located in the Clifton Park submarket of the Albany, New York MSA.
Built in 2014, Kensington at Halfmoon features expansive one‑ and two‑bedroom residences, direct‑access private garages, and a highly competitive amenity package, including a resort‑style pool, fitness center, yoga studio, movie theater, game lounge, and dog park.
Kensington at Halfmoon exemplifies the type of institutional‑quality asset we seek: strong in‑place cash flow, durable fundamentals, and long‑term value support, said Daniel Price, Chief Investment Officer and Principal at MLG Capital. The property offers a compelling investment profile, supported by stable operations, and long‑term fundamentals that position it well for sustained performance.
The property benefits from a strong suburban location, high-quality schools, access to Albany s diverse employment base, and a light value-add opportunity through selective interior upgrades that have already demonstrated meaningful value.
MLG Capital is a sponsor of private real estate funds targeting investment from investment advisors, family offices, and accredited individuals.

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ALEXANDRIA, VA – Bonaventure, an operator-led multifamily real estate investment firm with approximately $2.8 billion in assets under management (AUM), announced the closing of Royal Pointe Apartments, a 208-unit multifamily community in Virginia Beach, VA.
The $39.5 Million acquisition was completed through Bonaventure Multifamily Income Trust (BMIT) and demonstrates the company s continued focus on value-add multifamily investments across the Mid-Atlantic and Southeast regions.
The transaction incorporated a combination of tax-efficient structures, including a partial 1031 exchange and a 721 exchange (UPREIT), providing flexibility and liquidity options for the investors. Bonaventure worked with Greystone to assume the property s existing financing as part of the acquisition.
In a transitional market, value creation is increasingly driven by execution at the property level rather than reliance on market-driven rent growth, said Casey MacMaster, Senior Vice President, Investments and Portfolio Manager for BMIT at Bonaventure. We continue to target assets in supply-constrained markets like Virginia Beach, where strong fundamentals and limited new development make a favorable backdrop for thoughtful, resident-focused improvements.
Royal Pointe Apartments is a 1987 vintage, garden-style community located in the Hampton Roads region. Bonaventure plans to do a series of plotted enhancements focused on improving unit interiors and refreshing the community s exterior. Interior upgrades will include modern LVP flooring, updated appliances, cabinets, lighting and fixtures, and the addition of in-unit washers and dryers. Exterior improvements will focus on enhancing curb appeal and maintaining the overall quality of the asset.
We remain focused on identifying well-located multifamily assets where we can apply a proven value-add strategy, clarified Jimmy Parker, Director of Investments. We have a large portfolio in the area, and this acquisition was a natural extension allowing us to build on an already strong asset while leveraging our economies of scale in the market.

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