SAN DIEGO, CA – Olympus Property announced the acquisition of The Residences at Escaya, a 272-unit luxury Class A property in Chula Vista, California, 15 miles from Downtown San Diego. The Residences at Escaya is situated in Chula Vista’s rapidly growing Otay Ranch neighborhood, the best-selling 450-acre master plotted community in San Diego.
The property is located in one of the fastest growing cities in California surrounded by high-quality employment opportunities and exceptional retail and recreational amenities. Given its central San Diego location and exceptional freeway access, the property has outstanding connectivity to many of San Diego’s key job centers including Downtown, Kearny Mesa, Mission Valley, and UTC. These employment hubs offer a large concentration of job opportunities in high-paying industries including cleantech, life sciences, aerospace/defense, and healthcare.
The Residences at Escaya will be an brilliant addition to Olympus’ growing portfolio, an experienced operator in California since 1992. “We feel fortunate to have been selected as the buyer of this top-of-the-market newly built asset,” notes Chandler Wonderly, Principal of Olympus Property. “We look forward to long-term ownership and continued expansion in the market.”
The Residences at Escaya is one of San Diego’s most sought-after residential communities and recently won the highly coveted Pillars of the Industry award for the nation’s “Best Garden Apartment Community” by NAHB.
Built in 2019, The Residences at Escaya is a low-density community-centric luxury development. The property offers residents private garage and carport parking and a thoughtfully curated list of amenities including a 30,000 sq. ft. walkable retail village, a resort-style swimming pool, state-of-the-art fitness center, expansive clubhouse, and outdoor lounge BBQ area. The property features well-designed spacious floor plans ranging from 784 Sq. Ft. to 1,560 Sq. Ft. and best-in-class finishes including quartz countertops, stainless steel appliances, full-height tile backsplashes, wood-style plank flooring, in-unit washers/dryers, and ocean views from select units.

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DES MOINES, IA – Indianapolis, Indiana-based multifamily syndication company BAM Capital is announced its recent acquisition for the BAM Multifamily Growth & Income Fund III: Autumn Ridge.
Autumn Ridge is a 434-unit institutional quality, garden-style apartment community that was developed in 2017 and 2019. It is located in Waukee, Iowa, one of the fastest-growing suburbs of Des Moines, Iowa.
The value-add potential both in utilizing our economies of scale in Des Moines and bringing rents in line with the competition in the area more than exceeds BAM Capital’s strict acquisition criteria, says Tony Landa, Chief Investment Officer.
Des Moines is an emerging market similar to Indianapolis a few years ago, says Ivan Barratt, Founder & CEO. Autumn Ridge will be BAM Capital’s fourth multifamily asset in the Des Moines, Iowa MSA.
Autumn Ridge features a diverse set of floor plans, a comprehensive amenity package, two swimming pools, and strong in-place cash flow. With many well-known and stable employers in the area including Microsoft, MercyOne, Wells Fargo, and more, BAM Capital is confident that it can deliver a targeted 15-20% IRR return on investments for its investors.
As part of the vertically integrated The BAM Companies (BAM Capital, BAM Management, BAM Construction), BAM Capital has over 100 years of experience among Executive level staff. With over $700MM assets under management, over $152.5MM in distributions to investors, and 900+ investors across 40+ states, BAM Capital is a proven sponsor with a solid track record.
Autumn Ridge will join Hamilton Station, The Bristol, and Autumn Ridge as part of BAM Multifamily Growth & Income Fund III. Hamilton Station and The Bristol are both also located in the Indianapolis, Indiana, metropolitan statistical area. Autumn Ridge is located in Des Moines, Iowa.

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LAS VEGAS, NV – McCourt Partners, one of the most visionary and community-driven family-owned real estate development companies in the U.S., announced a partnership with experienced ;Las Vegas-based TRU Development Company, a market leader with deep roots in the region, to develop a 244-unit, Class A apartment building in Henderson, Nevada. The project is set on nearly 6 acres at the gateway of Inspirada, a vibrant and flourishing master-plotted community.
“We’re delighted to expand our footprint to an exciting high growth market where we see fantastic potential,” said Jordan Lang, President of McCourt Partners. “We are pleased to partner with TRU Development who not only have a proven track record and intimate market knowledge but share our passion for building projects that have a meaningful impact on the communities they serve.”
“TRU Development is excited about the opportunity to partner with McCourt Partners in acquiring a dynamic site in Inspirada. The growing submarket in West Henderson provides a perfect setting for a new multifamily residential delivery,” said Tim Deters, President and CEO of TRU Development.
This project is the latest in a robust pipeline of developments for New York and Los Angeles-based McCourt Partners, who announced earlier this year the acquisition of a core piece of the Dallas Design District, a unique real estate portfolio spanning more than 40 acres and nearly 800,000 square feet of leased showroom, retail, and flex office space.
McCourt’s Chairman and CEO, Frank H. McCourt Jr., is a fifth-generation builder and business leader with family roots in real estate and construction dating back to 1893. Over the last 45 years, McCourt has been involved in large-scale real estate projects in New York City, London, Miami, Austin and Los Angeles, and played a critical role in the development of Boston’s Seaport.

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