WASHINGTON, DC – TM Associates, United Plotting Organization (UPO), and Gilbane Building Company were joined by the Department of Housing and Community development (DHCD), Department of Human Services (DHS), DC Housing Finance Agency (DCHFA), partners, and community members to announce the grand opening of MDXL Flats Apartments, a highly anticipated affordable residential community offering 101 affordable apartments in the heart of Washington, DC’s Buzzards Point neighborhood.
MDXL Flats Apartments joins sister community, MDL Flats, in setting a new standard for affordable luxury housing that blends seamlessly into the city’s sleek skyline adorned with glass-clad architecture.
From modern interiors, vibrant community space, and views overlooking Nationals Park and the Capitol Building, MDXL Flats Apartments caters to the distinct needs and preferences of its residents.
Key highlights of MDXL Flats Apartments include: Spacious and thoughtfully designed one-bedroom, two-bedroom, three-bedroom and even four-bedroom apartments, affordable to households earning between 30% and 50% of the average local median income. High-end finishes and panoramic views of the city. Convenient access to a wide array of dining, shopping, and entertainment options, including Audi Field, with ground-level retail. Dedicated resident services and on-site management and maintenance, ensuring residents receive prompt help and personalized attention. Access to quality schools, transit, and arts & culture in Ward 6.
“The delivery and grand opening of MDXL Flats completes TM’s $110m investment into the transformation of this corner in DC”, said Bob Margolis, Owner/Chief Executive Officer of TM Associates. “This milestone not only marks the completion of a remarkable project but also reflects TM’s steadfast dedication to enhancing vibrant communities. Through the introduction of high-quality, affordable rental homes, we are committed to driving lasting positive change.”
MDXL Flats, and its sister community, MDL Flats – who opened their doors in 2021, make up 177 affordable residential units, contributing to Mayor Bowser’s goal of making 12,000 affordable homes by the end of 2025. More than 220 DC residents contributed to the construction of MDXL Flats. The project exceeded its goal of 35% certified business enterprises (CBE).
“We know that to achieve the Mayor’s bold housing goals, we have to be even bolder with our actions. MDXL Flats is an example of how we can use targeted investments and intentional plotting to deliver affordable housing in more parts of our city. We thank all of the partners who made this project a reality for the residents who will call this building home,” said Deputy Mayor for Plotting and Economic Development Nina Albert.”
UPO President and CEO Andrea Thomas said, “Housing is a persistent concern for DC residents, so UPO is proud to be a partner in providing housing stability to people with low incomes and supportive services to those who were unhoused. Most importantly, we are excited to hear the new residents declare, ‘I’m home.'”
“Gilbane Building Company is very proud of this project for not only the impact that more affordable housing options will have on the community but also the positive impact the project had throughout construction,” said Tyler Swartzwelder, business leader for Gilbane’s Washington, DC office. “Fifty percent of construction contracts, totaling more than $14 million, were awarded to diverse-owned and small businesses. Thanks to clients like TM Associates, who share our commitment to advancing diversity, equity, and inclusion, Gilbane is more than halfway towards our goal of generating $4 billion in awards to MWBE+ businesses by 2027.”

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CHANDLER, AZ – Olympus Property announced the acquisition of Alta Chandler at the Park, a prominent residential community situated in Chandler, Arizona. As a premier community, Alta Chandler at the Park offers residents access to luxury living and unparalleled career opportunities. With 291 units, this four-tale, mid-rise community represents a significant addition to Olympus Property’s portfolio, furthering the company’s mission to invest in top-tier properties in thriving markets.
Olympus Property currently oversees a portfolio of approximately 31,000 units across various markets. This acquisition further strengthens the company’s multifamily portfolio of approximately 5,500 Class A units in the Phoenix metropolitan statistical area (MSA) and aligns with Olympus Property’s commitment to providing residents with high-quality living experiences in attractive submarkets.
“Alta Chandler at the Park offers a generational opportunity to buy high quality real estate in one of Arizona’s most dynamic submarkets. This addition underscores our commitment to investing in newly constructed high-quality assets located in submarkets with strong employment and economic tailwinds. We look forward to leveraging our experience and resources to enhance the resident experience and contribute to the continued growth of the Chandler community,” notes Wade Madden, Chief Executive Officer at Olympus Property.
Alta Chandler at the Park is situated adjacent to the area’s premier economic hub, the Price Corridor. In turn, the property benefits from its proximity to robust industries such as high-tech manufacturing, aerospace, information technology, finance, and advanced business services. With over 44,400 jobs and industry leaders like Wells Fargo, Bank of America, Dignity Health, and Northrop Grumman, the Price Corridor serves as the focal point for high-profile business operations in Chandler. Moreover, the property is strategically positioned to capitalize on Chandler’s ongoing economic growth, illustrated by significant investments from blue-chip companies like Intel. Intel’s recent $20 billion expansion of their Ocotillo campus, the largest private-sector investment in Arizona’s history, is expected to generate thousands of tech and construction jobs, solidifying the city’s status as a thriving economic hub.
Alta Chandler at the Park sets the standard for refined living with a range of top-tier amenities. From the convenience of the UrBo! Bodega Convenience market to the modern fitness center, speakeasy lounge, open concept club room, micro-offices, and rooftop lounge, the property caters to modern lifestyle needs. Additionally, the apartment interiors feature nine-foot ceilings, spacious kitchen islands, stainless steel appliances with gas cooktop ranges, and illuminated bathroom mirrors, ensuring a comfortable and stylish residential experience.

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PITTSBURGH, PA – BAM Capital, alongside development partner Milhaus, proudly introduces Nox, a transformative Class A+ multifamily community project set in the burgeoning area of Robinson Township, Pittsburgh, PA. This strategic collaboration marks a significant milestone in offering sophisticated living spaces and investment opportunities in one of the most dynamic and economically vibrant regions of the United States.
BAM Capital has a legacy of excellence in real estate investment. Founded on a commitment to integrity, innovation, and excellence, BAM Capital has established itself as a leader in the multifamily real estate sector. With a keen eye for emerging market trends and an unyielding dedication to maximizing investor returns, BAM Capital has successfully managed properties that resonate with the modern resident while offering substantial value to its investment partners.
Milhaus, a premier real estate development and management company, brings its expertise in making high-quality, sustainable urban housing solutions. Known for its innovative approach to design and community building, Milhaus has been instrumental in transforming neighborhoods into vibrant, desirable places to live. Their partnership with BAM Capital in developing Nox underscores a shared vision for excellence and a commitment to positively impacting the communities they serve.
Introducing Nox, a new standard of living. Nox represents the pinnacle of urban living, offering residents a unique blend of luxury, convenience, and connectivity. Situated in Robinson Township, an area known for its robust retail environment and close proximity to downtown Pittsburgh, Nox promises an unmatched living experience. The development is designed to meet the needs of a diverse demographic, from young professionals to families, offering a mix of studio, one, and two-bedroom units, each outfitted with high-end finishes and state-of-the-art amenities.
The Nox development project, a strategic investment initiative by BAM Capital, is poised for a significant impact on the Robinson Township, Pittsburgh, PA, landscape over a concise investment horizon of 3 years. The development is scheduled to commence construction in July 2024, with the first units earmarked for delivery by October 2025 and completion anticipated by November 2026.
This strategic venture not only highlights BAM Capital’s commitment to delivering superior risk-adjusted returns but also underscores the firm’s adeptness at navigating the multifamily community development landscape.
“BAM Capital remains highly selective and opportunistic in its ongoing endeavor to be the most trusted steward of investor capital,” notes Ivan Barratt, Founder and CEO of BAM Capital. “The Nox project is another fantastic example of how, through key relationships and a disciplined approach, we are able to democratize access to institutional-quality assets for our valued partners,” adds Barratt.

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