SEATTLE, WA – Sagard Real Estate (SRE), a leading U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm, announced the acquisition of 18463 Blueberry Lane, a 222-unit garden-style multifamily community in Monroe, Washington, within the greater Seattle metro area.
The investment was made on behalf of Sagard Real Estate s recently launched core-plus open-end fund, which targets seaport/last-mile industrial, workforce rental housing, and other niche property sub-sectors in supply-constrained, high-growth markets.
Located in Monroe, a growing suburb within the Seattle metro, the area benefits from strong demographic trends, relative affordability compared to core Eastside submarkets, and access to major employment hubs including Everett, Bellevue, Redmond, and downtown Seattle. The submarket s population growth, coupled with a constrained supply base with limited new construction, continues to support healthy occupancy levels.
The Monroe acquisition aligns well with our fund strategy, targeting submarkets supported by strong workforce rental demand and favorable market fundamentals, said John Maurer, Head of Equity at Sagard Real Estate and Senior Portfolio Manager. We believe this asset is favorably positioned to benefit from a structural need for a lower cost of housing while drafting off higher rents in the urban corridor, added Tyler Williams, Co-Portfolio Manager at Sagard Real Estate.
Built in 1991, the property spans approximately 10.4 acres and consists of 20 buildings totaling 222 units, along with a standalone clubhouse and amenity space. Amenities include a fitness center, swimming pool, clubhouse, outdoor grilling areas, and landscaped open space. SRE plans to upgrade a part of the units which remain in original condition.
The transaction further expands the fund s diversified residential portfolio and Sagard Real Estate s presence in the Pacific Northwest, underscoring conviction in high-growth suburbs of major coastal markets.

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HORSESHOE BAY, TX – Falcon Senior Housing and SilverPoint Senior Living broke ground on The Statesman at Horseshoe Bay, a $108 million luxury senior living community located on Falcon Tract within the SilverRock community in Horseshoe Bay, Texas.
The ceremonial groundbreaking marks the official public introduction of The Statesman at Horseshoe Bay — the name under which the project will be marketed, sold, and operated.
The Statesman will offer independent living, helped living, and memory care on one of the most distinctive lakeside locations in the Texas Hill Country. Designed to reflect the natural elegance of the Highland Lakes corridor, the community is positioned as the premier luxury senior living anchor for the Horseshoe Bay, Marble Falls, and greater Hill Country market.
“Today, we break ground not just on a development, but on a community — The Statesman at Horseshoe Bay. We are answering the call Horseshoe Bay has questioned for: to give residents the ability to stay in their hometown and to provide an engaged community that matches the Hill Country elegance and luxury lifestyle they already know here, stated John Hyjer of Falcon Senior Housing.
Located on Falcon Tract within the SilverRock master community, The Statesman provides residents direct access to Horseshoe Bay’s world-class amenities, lakeside lifestyle, and the scenic character of the Highland Lakes corridor.

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ELK GROVE, CA – Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced its acquisition of Mosa Apartment Homes, a 387-unit, newly-constructed affordable multifamily rental community located at 10149 Bruceville Road in Elk Grove, California.
Total project costs related to this transaction are approximately $83.6 million, inclusive of the assumption of permanent debt. The acquisition expands HVPG’s growing California portfolio, advancing its mission to secure long-term, high-quality affordability across high-cost West Coast housing markets.
Completed in 2025, Mosa is a 14-building, garden-style family community offering a mix of unit types serving a broad range of household income levels. The property is structured across three Low-Income Housing Tax Credit (LIHTC) partnerships, each subject to its own regulatory agreement covering 100% of units, with HVPG acquiring the general partner interests in all three. Approximately 8% of units are further supported by tenant-based vouchers, and income restrictions span 30%, 50%, 60% and 80% of area median income (AMI). As a result of HVPG’s acquisition, affordability at Mosa is locked in for an additional 30 years, and no residents will be displaced through the transaction.
“Mosa represents a meaningful expansion of our West Coast portfolio and preservation strategy, extending our work to safeguarding affordability at newly-delivered communities in addition to repositioning legacy properties,” said Jason Bordainick, Co-Founder and Managing Partner of Hudson Valley Property Group. “By stepping into ownership shortly after completion, we are helping ensure that 387 families benefit from a quality, well-managed home with long-term affordability protections for decades to come. We are grateful to our partners at the City of Elk Grove and the California Municipal Finance Authority for their support of this vital transaction.”
The acquisition was financed through three Freddie Mac loans originated by Greystone, with tax credit equity provided by Red Stone Equity Partners and public finance support facilitated by the California Municipal Finance Authority (CMFA) and the City of Elk Grove.
HVPG will focus on delivering operational excellence and resident-centered programming through a partnership with California-based nonprofit Pacific Housing, Inc. Pacific Housing will serve as the Managing General Partner in the transaction and will provide on-site residence services including afterschool and teen programing, adult education and skill-building classes, and individualized service coordination connecting residents to community resources. The property also features an on-site management office, computer room, fitness center, library, in-unit washers and dryers, and advanced high-definition site monitoring. Rooftop solar panels power the residential units, reducing tenant utility costs and the property’s carbon footprint.
Mosa is HVPG’s second property located in California. Across its national portfolio, HVPG has preserved 18,700 units across 99 properties in 13 states.

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