SAN DIEGO, CA – Eagle Partners, a vertically integrated multifamily investment manager and operator focused on attainable housing, announced the closing of a $162.5-million affordable housing preservation portfolio acquisition of The Hendrix Apartments and The Hadley Apartments (“the Portfolio”) located in Escondido, California.
The Portfolio consists of two adjacent communities totaling 551-units of one- and two- bedroom residences serving the senior demographic (55+) in North San Diego County. Through this acquisition, Eagle will implement a long-term affordable preservation strategy while executing a targeted capital improvement program designed to enhance the resident experience.
Eagle partnered with Red Stone Equity Partners, JPMorgan Chase, The California Statewide Communities Development Authority (CSCDA), and Affordable Housing Access to do on the transaction.
“This transaction represents a meaningful milestone in the continued scaling of our attainable housing platform and speaks to our ability to source institutional quality opportunities on an off-market basis” said Taylor Friend, Managing Partner of Eagle Partners. “We are proud to expand our presence in San Diego County and to work alongside best-in-class partners who share our commitment to long-term affordability, disciplined execution, and community stewardship.”
In November 2025, Eagle, Red Stone Equity Partners, and JPMorgan Chase bought the 350-unit Hills at Hacienda Heights in Los Angeles County for $107 million. The Escondido acquisition represents Eagle’s second preservation transaction and further establishes the firm’s footprint in Southern California.

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PAPILLION, NE – Cavan Companies has closed on land for The Bungalows at Prairie Hills, a plotted 154-home single-tale Build-to-Rent (BTR) community in Papillion, Nebraska. The project represents the company’s third development in the Omaha metropolitan area, expanding Cavan’s Midwest platform in a market where demand for single-family rental housing continues to outpace supply.
Horizontal construction is expected to start in May 2026 on approximately 16 acres at the southwest corner of Highway 370 and South 114th Street, a corridor providing direct access to Interstate 80, Offutt Air Force Base, and major employment centers throughout the Omaha metro. The site is also located near Shadow Lake Towne Center, placing the community within an established residential and commercial node.
When complete, The Bungalows at Prairie Hills will feature 154 detached rental homes with one-, two-, and three-bedroom floorplans ranging from approximately 683 to 1,389 square feet. The community will include 104 detached garages, a clubhouse, fitness center, and shared amenities designed to provide residents with the space and privacy of a detached home while maintaining the flexibility of rental living.
The Prairie Hills development follows two Cavan communities in Omaha that are now entering lease-up. Phase 1 homes at The Bungalows at Whitehawk Lake in West Omaha will start leasing and go-ins on April 1, 2026, followed by Phase 1 homes at The Bungalows on Honeysuckle in Elkhorn on April 15, 2026.
Together, the three communities represent one of the largest single-developer Build-to-Rent platforms currently underway in the Omaha metropolitan area.
“We’re seeing strong demand for housing that sits between traditional apartments and homeownership,” said Norm Miller, Chief Executive Officer of Cavan Companies. “Markets like Omaha are ideal for single-tale Build-to-Rent communities because residents want the space and privacy of a home without the barriers of ownership.”
The Omaha metropolitan area has surpassed one million residents, supported by employment anchors including Berkshire Hathaway, Union Pacific, Mutual of Omaha, CHI Health, Nebraska Medicine, and Offutt Air Force Base. Sarpy County has emerged as one of the region’s fastest-growing areas, driven by infrastructure investment, strong schools, and continued suburban household formation.
As housing costs rise nationally, more households are seeking options that provide the space and privacy of a home without the financial commitment of ownership.
“Build-to-Rent communities help address that gap,” Miller said. “They offer the lifestyle of a detached home while maintaining the flexibility of renting.”
Cavan Companies have more than 50 years of real estate development experience and has focused on the Build-to-Rent sector since 2016 through The Bungalows delivering single-tale rental communities designed around private yards, neighborhood-style layouts, and modern amenities.

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DENVER, CO – Century Communities (NYSE: CCS), a top national homebuilder, industry leader in online home sales, and featured on America’s Most Trustworthy Companies and World’s Most Trustworthy Companies by Newsweek, announced that Century Living, the Company’s multi-family arm, bought a shovel-ready development site at 33rd Avenue and Mariposa Street in Denver’s sought-after LoHi neighborhood from development firm Elevation Development Group.
Going forward, Century Living will serve as the developer and general contractor on the project—named The Stevie—with groundbreaking this week and units expected to deliver for leasing in 2028.
Elevation started the permitting process for the luxury apartment community in 2021, which enabled the deal with Century Living to come complete with land, architectural and engineering plans, and all entitlements and permits.
“This is a unique opportunity to deliver brand-new, high-quality housing to one of Denver’s most valued neighborhoods,” said Jim Francescon, an executive at Century Communities. “With premium amenities and luxury units, The Stevie will provide an elevated quality of living with immediate access to everything LoHi and surrounding neighborhoods have to offer.”
Additional Project Details: Five-tale building; 116-unit, luxury boutique apartment community (including select loft units); Amenities will include a pool, sun deck, fitness center, and resident lounges; First-level garage plus underground parking; Walking distance to notable restaurants, shops, and parks; and Quick access to I-25 and Union Station.
Century Communities is one of the nation’s largest homebuilders and a recognized industry leader in online home sales. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S.

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