DALLAS, TX – S2 Capital, a national, vertically integrated multifamily investment manager, announced the acquisition of The Place at Saddle Creek, a 238 unit, two tale, multifamily property located in Carrollton, Texas, a prominent Dallas suburb. Terms of the transaction were not told.
“The Place at Saddle Creek is an appealing acquisition for S2, as the property has not experienced a full renovation in over a decade, during which the Dallas-Fort Worth area experienced a significant surge in rent and population growth,” said Ryan Everett, Vice President of Acquisitions at S2. “Our ability to assume the existing fixed rate Freddie Mac loan at a low leverage point, ensures immediate cash flow at the property level. We’re excited to be implementing an extensive renovation plot with value-add updates to the property to improve the overall experience for residents, and provide immediate rental upside.”
Located at 3420 Country Square Dr in Carrollton, residents are adjacent to many lifestyle attractions found in the Village on the Parkway, Addison Circle and Downtown Carrollton, all hubs for shopping and dining, as well as many residential neighborhoods and upscale homes, and an array of brilliant public schools. The Place at Saddle Creek is also near a variety of public parks, nature areas and the well loved Lewisville Lake, a destination for boating, fishing and outdoor recreation. Beyond the City of Carrollton, residents are connected to the greater Dallas-Fort Worth area through major transportation systems including the Dallas North Tollway and I-635.
Within the property, residents delight in two private community pools, outdoor grilling stations, a renovated fitness center, tennis and pickleball courts, a business center, dog park and Amazon lockers. The majority of The Place at Saddle Creek’s individual apartment units are in classic condition from the property’s initial construction, while select units feature modern finishes, with quartz countertops, stainless steel appliances, balconies, fireplaces and upgraded flooring.
S2 plans to rebrand the property as ‘Brookbend,’ and the comprehensive renovation plot includes enhancing unit interiors with new granite countertops, upgraded kitchen hardware and bathroom fixtures. Additionally, S2 plans to renovate the building’s exterior and improve the leasing office, gym and pool areas.

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SEATTLE, WA – Virtú Investments, a multifamily real estate investment firm primarily engaged in the acquisition and management of apartments in the western United States, announced it has bought Skyglass Tower, a brand-new Class A, 338-unit, 31-tale multifamily tower located in downtown Seattle, WA.
Completed in 2024, the LEED Gold, glass-paneled high-rise in the South Lake Union neighborhood is comprised of luxury studio and 1-3 bedroom units, three floors of underground parking, as well as retail space at ground level. Additional features include a rooftop green space, gym, a lobby with high-end finishes, and views of the Space Needle.
Virtú sees the Pacific Northwest, and Seattle in particular, as an attractive target for multifamily investment driven by the area s rising employment figures and high demand for luxury apartments, coupled with property values currently well below their peak.
Limited high-end multifamily supply and bottoming prices in the Seattle market makes this a fantastic time for Virtú to invest opportunistically in this key area of the Pacific Northwest, said Michael Green, CEO of Virtú Investments. We have decades of experience investing in multifamily buildings across market cycles, and are keen to continue identifying investment opportunities like these for the benefit of our stakeholders.
Virtú bought Skyglass Tower as a joint venture with the Real Estate Business at Goldman Sachs Alternatives and the Virtú Evergreen Fund, an open-end fund launched in 2015 for generational ownership, long-term compounding, extreme tax efficiency and flexible liquidity. The Evergreen Fund is designed to take advantage of 1031 Exchanges within the Fund to perpetually defer taxes on gains and cashflow.
Cushman & Wakefield s Capital Markets team led by Marc Renard, Sam Wayne, and Dave Karson represented the seller, Gemdale USA, in the transaction.
Cushman & Wakefield s Equity, Debt & Structured Finance team of Dave Karson, Chris Moyer, Paul Roeter and Jason Blankfein served as the exclusive advisor to the joint venture in the procurement of acquisition financing. The loan was provided by Corebridge.
Skyglass attracted global investor interest including pension funds, private equity, family offices and multifamily funds who recognized the merits of this compelling opportunity, said Renard. The depth of capital reflects investor conviction for the future of Seattle and best-in-class developments.

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WEST LAFAYETTE, IN – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces its plans to build The Standard at West Lafayette, a 678-bed, 253-unit student housing community near Purdue University in West Lafayette, Indiana.
The site, on the corner of Pierce and West Wood streets, sits adjacent to the east side of Purdue’s campus, which hosts several academic buildings and the Purdue Memorial Student Union. Offering 240,299 square feet of residential space in a mix of studios to four-bedroom units, The Standard at West Lafayette will add much needed off-campus housing supply to serve students of Purdue University.
BKV Group is the project’s architect while Landmark Urban Construction, the in-house general contractor for Landmark Properties, will serve as construction manager on the 13-tale project. Delivery is anticipated for Fall 2027. The project received formal approval from the City of West Lafayette on July 1, 2024.
“We are pleased to bring The Standard at West Lafayette to the Purdue University community,” said Wes Rogers, CEO of Landmark Properties. “For the 2023-2024 academic year, Purdue reported its ninth consecutive record-breaking year for applicants and enrollments. The West Lafayette campus noted an all-time high of more than 52,200 students, with the majority living near campus. The Standard at West Lafayette is a response to the demand for high-quality off-campus housing.”
All units will feature gourmet kitchens with quartz countertops and stainless-steel appliances, high-speed internet and cable, large closets, and in-unit laundry. Finishes include hardwood-style laminate floors, custom wood trim and plantation blinds. Balconies are offered in select residences. The Standard at West Lafayette will offer 18,234-SF of amenity space, such as a rooftop clubhouse with an outdoor heated pool and fitness center, as well as a fourth floor indoor/outdoor amenity level with seating, grilling area, gaming lounge and interior courtyard. The property also has the most study space of any building in town, with options on every floor. The community will provide garage parking for 207 vehicles. Additionally, The Standard will be a six-minute walk to the nearest bus stop which has routes taking students to and from the north and western sides of campus.
The Standard at West Lafayette will be Landmark Properties’ second student housing development in Indiana, which includes The Standard at Bloomington, which opened in Fall 2023 for students attending Indiana University.

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