IRVINE, CA – The Bascom Group has bought Highridge Apartments, an irreplaceable 257-unit value-add apartment community in the highly desirable coastal community of Ranchos Palos Verdes, California. The buy price was $127,000,000 or $494,163 per unit. Annie Rice and Jamie Kline of JLL Capital Markets arranged the debt financing for the acquisition, while AXA Investment Managers US Inc. provided the acquisition loan. The JLL Investment Sales team led by Blake Rogers and Kevin Sheehan represented the seller. AMC will provide property management services for the community and SD-Cap will manage the plotted property renovations.
Highridge Apartments is an institutionally owned, 1972-vintage property that has undergone significant upgrades over the years, including new in-unit washers and dryers and enhanced amenities. Residents at Highridge Apartments delight in a home-like living experience uncommon in the South Bay rental market. The spacious units average 1,157 square feet—21% larger than the submarket average—and include 28 loft-style residences with soaring ceilings. The community boasts an attractive unit mix, ample parking, and numerous amenities, including two pools and spas, two fitness centers, a tennis court, and a clubhouse. Located along Highridge Road, the community is just minutes from stunning ocean views and premier shopping and dining.
Bascom plans to further elevate the property by renovating unit interiors to a Class “A” standard and enhancing amenities to make a more resort-style living experience. Julie Schoenbachler, Senior Vice President of Operations for Bascom, states, “Our focus is on making smart, strategic upgrades that will improve the resident experience while increasing the property’s long-term value. With these targeted improvements, we are ensuring Highridge remains a top choice for residents who want space, convenience, and a modernized community.”
Highridge Apartments stands apart as one of only three multifamily communities with over 100 units in Rancho Palos Verdes, a highly sought-after coastal enclave known for its scenic beauty, tranquil atmosphere, and exceptional quality of life. The city boasts Los Angeles County’s #2 ranked school district and an average annual household income of $236,000, attracting a highly educated, high-income demographic. Surrounded by multimillion-dollar homes and facing significant housing supply constraints, Highridge presents a rare investment opportunity in a market with strong and sustained housing demand.
Chad Sanderson, Senior Principal at Bascom, added, “Highridge Apartments is located in a highly competitive market with one of the tightest vacancy rates in all of Los Angeles County. We are pleased to have brought this unique deal to a successful close.”
Bascom has been one of the most active apartment buyers in Southern California since its inception in 1996, partnering with institutional and private capital. To date, Bascom has bought 96 multifamily properties and 15,948 units in Southern California, with 40 of those properties and 6,092 units located in Los Angeles County. Joe Ferguson, Acquisitions Manager for Bascom, added, “Few opportunities of scale ever arise in coastal Southern California, and nearly none in Rancho Palos Verdes. We are excited to convert on this truly generational opportunity.”

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HUNTSVILLE, AL – Rockefeller Group and T2 Capital Management announced that leasing has commenced at Vista at Councill Square. The new six-tale, 332-unit premium property is located in Downtown Huntsville, Ala., the city’s entertainment and lifestyle hub. Residents will have access to best-in-class social, wellness, and recreation experiences inside and out via Vista’s wealth of amenities.
In recent years, Downtown Huntsville has evolved into one of the city’s most sought-after neighborhoods. Its convenient proximity to cultural and lifestyle happenings makes it an ideal location for upscale apartment residences. Huntsville-based Matheny Goldmon Architecture + Interiors, which has designed some of the area’s most well-known and authentic properties—including the Mars Music Hall, Orion Ampitheatre, and the Guest Center at the Huntsville Botanical Garden—collaborated with OKW Architects to realize the striking, design-forward aesthetic of the exterior, as well as the building’s interiors and homes.
“We’re incredibly proud of the collaboration that brought our shared vision for Vista at Councill Square to life. The cutting-edge curved building design, top-tier finishes, and timeless finishing touches set a new standard for elevated living in Huntsville,” Paul Matheny, (Matheny Goldmon Architecture + Interiors). “This community will stand the test of time and marks a new era of future investment for our hometown.”
“Leasing commencement at Vista marks another step forward in the evolution of Downtown Huntsville,” stated John Petricola, Senior Managing Director and Head of Southeast Development, Rockefeller Group. “This joint venture with T2 is an investment that we hope will build a lasting legacy here. Vista is the only multifamily property in Huntsville offering a rooftop pool with sweeping views of the city and an outdoor kitchen – amenities that extend the curated apartment lifestyle experience to the open air above – fostering a sense of community and connection among residents.”
“The addition of Vista to downtown Huntsville is yet another step towards the expansion of this vibrant community. Together with our partners at Rockefeller Group, we are thrilled to see it open its doors,” said Jeff Brown, CEO and Co-Founder of T2. “We are proud to have led the development of this exceptional property for people to call home and look forward to bringing more quality housing to Huntsville in the future.”
Vista is outfitted with top-tier amenities including two dedicated coworking spaces on the first and sixth floors, a fitness center with a yoga and meditation room, a hospitality unit available for residents’ guests to rent nightly, EV charging stations in the garage, a game room and lounge, secure bike storage and a pet spa, in addition to in-unit smart devices. Vista also features a rooftop pool deck, boasting views of Monte Sano Mountain and the United States Space & Rocket Center.
The property features a mix of studio, one-, two-, and three-bedroom apartments, including a limited collection of townhomes, offering two levels of living space with interior staircases. Each unit has high-end finishes, including stainless steel appliances, an in-residence washer and dryer, quartz countertops, custom shaker-style cabinetry, oversized windows, backlit vanity mirrors and frameless glass shower enclosures.

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PITTSBURGH, PA – Alpha Residential, a Pittsburgh-based multifamily developer, has announced plans for a 352-unit residential community in Moon Township’s emerging Diamond Ridge district. The development will feature 300 modern apartments and 52 built-to-rent townhomes, with initial townhome deliveries expected in Summer 2026 and full project completion in Spring 2027.
The new community will be located on Market Place Boulevard, strategically positioned just 6 miles from Pittsburgh International Airport and 13 miles from downtown Pittsburgh. The development will be part of the growing Diamond Ridge district, a dynamic mixed-use district that includes Class A office space, retail, and residential communities.
“This project represents a significant milestone in Alpha Residential’s growth and our continued commitment to the Pittsburgh market,” said Jide Famuagun, CEO of Alpha Residential. “As a Pittsburgh-based company, we’re particularly excited to contribute to the continued growth of Moon Township while exploring innovative design and sustainability features that will set new standards for residential development in the region.”
Apex Diamond Ridge will offer a mix of one- and two-bedroom apartments along with three-bedroom townhomes featuring attached garages. Residents will delight in two floors of state-of-the-art amenities, including a swimming pool and comprehensive fitness center. Individual units will feature premium finishes including 9-foot ceilings, stainless steel appliances, and quartz countertops. As part of its commitment to innovative design, Alpha Residential is exploring the integration of geothermal energy technology within the development, which could enhance the project’s energy efficiency and environmental sustainability.
“The Diamond Ridge district represents the future of suburban Pittsburgh development, combining accessibility, amenities, and thoughtful design,” added Famuagun. “Our mix of apartments and townhomes will provide needed housing options for the growing Western Pittsburgh suburb and Pittsburgh International Airport corridor following the $1.5 Billion investment to expand the airport while complementing the area’s existing office and retail developments.”
The project marks Alpha Residential’s second multifamily development in the Pittsburgh area, following Apex Newbury in South Fayette, which is scheduled to open in August 2025. The new Apex Diamond Ridge community will be situated near key amenities including the Montour Trail and Robinson Town Centre.

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