DURANGO, CO – Olympus Property has strengthened its presence in Durango, Colorado, with the acquisition of Confluence at Three Springs, a 171-unit, Class A apartment community located within the highly sought-after Three Springs master-plotted development. Built in 2016, the property delivers a modern, lifestyle-oriented living experience in one of Colorado’s most supply-constrained housing markets.
This transaction represents Olympus’ second acquisition in the Durango market and advances the firm’s strategy of concentrating investment in submarkets where it maintains operational scale and local expertise. With Rocket Pointe under management since 2021, Olympus is positioned to drive operational efficiencies, leverage regional synergies, and enhance asset performance across both properties. The firm’s vertically integrated platform will support streamlined execution, long-term value creation, and compelling returns.
Durango’s substantial affordability gap, where median home values exceed $730,000 and renters delight in a $4,000+ monthly cost advantage, alongside a 19% rent-to-income ratio at Confluence, reinforces the property’s appeal as a high-quality, attainable housing option in a high-barrier market.
“Durango has consistently demonstrated healthy supply-demand fundamentals, with strong rent-to-income dynamics and enduring appeal as both a lifestyle and workforce destination,” said John Vu, Director of Acquisitions at Olympus Property. “The acquisition of Confluence reflects our strategic interest in high-barrier, high-quality markets where our local presence and operational depth position us to deliver durable results. The strength of the Three Springs master plot and the property’s connectivity to major employers and outdoor amenities make it an ideal long-term investment for our portfolio.”
Confluence is situated near Mercy Regional Medical Center and Fort Lewis College, two of the area’s primary economic anchors, and benefits from proximity to year-round tourism, recreational assets, and ongoing public and private investment. The plotted Mesa Park development will further strengthen this ecosystem, adding an events center, amphitheater, and expanded regional trail network by 2027.

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ANN ARBOR, MI – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, has partnered with Manulife Investment Management (Manulife IM) to construct The Metropolitan on South U, a 259-unit student housing community at 1208 South University Ave. This project represents the sixth project in a build-to-core joint venture executed with the Manulife Infrastructure Fund pool.
Construction will start imminently. Landmark Construction, the in-house general contractor for Landmark Properties, will build the project with Myefski Architects serving as architect. Peninsula Investments also partnered on the project, adding to their investments across Landmark’s portfolio of student housing communities.
“We are excited to go forward with construction on The Metropolitan on South U and bring much needed housing to the Ann Arbor market as enrollment growth at the University of Michigan remains steady,” said Jason Doornbos, Chief Development Officer of Landmark Properties. “The well-located community is poised to add renewed vibrancy to the university ecosystem in Ann Arbor.”
The Metropolitan on South U is steps from the University of Michigan’s Ross School of Business, the Michigan Diag, and a variety of shopping, dining, and entertainment options. Fully furnished residences will feature quartz countertops, hardwood-style laminate floors, stainless steel appliances, in-unit laundry, and will come prewired for internet and cable access.
“We are proud to expand our partnership with Landmark with this development at the University of Michigan, supported by strong local market fundamentals and a premier location adjacent to campus,” said Jonathan Kimball, Associate Director at Manulife IM.
“We are excited to partner with Landmark on our second development at the University of Michigan, and ninth in 2025. Its proximity to Ross School of Business makes it an ideal location within Ann Arbor, a market with strong market fundamentals,” said Juan Fernando Valdivieso, Managing Director of Peninsula Investments.
Community amenities will include a well-appointed clubhouse, modern fitness center, resort-style pool and rooftop lounge with a variety of seating options. The Metropolitan will also include approximately 5,000 square feet of ground-floor retail space.

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DENVER, CO – Security Properties, the leading real estate investment firm in the Pacific Northwest, has bought Rosemont West 84th, a 300-unit garden-style community in Federal Heights, Colorado, for $51,025,000. The buy marks the firm’s eighth market-rate acquisition of 2025, pushing year-to-date deployment to nearly $700 million and reinforcing its position as one of the most active multifamily buyers in the country this year.
Located eight miles north of Downtown Denver, Rosemont West 84th offers direct access to I-25 and U.S. 36, connecting residents to major employment centers in Denver, Boulder, and the Interlocken Business Park. The property includes a diverse mix of studios, one-bedrooms, lofts, two-bedrooms, and townhomes, with nearly 90% of units already renovated with upgraded finishes and modern features.
Security Properties originally bought Rosemont in 2017 and sold it in 2021 during a period of peak pricing. Regaining ownership at approximately one-third below its 2021 sale price and more than 50% below replacement cost underscores the firm’s disciplined investment approach and ability to act quickly when market conditions make rare, high-value opportunities.
“This acquisition highlights our ability to go decisively when we identify opportunities that align with our long-term investment philosophy,” said Mark Bates, Chief Investment Officer at Security Properties. “Our familiarity with Rosemont and deep knowledge of the Denver market allowed us to underwrite the opportunity with precision — a capability our investors and partners consistently rely on.”
The acquisition also expands Security Properties’ long-standing presence in the Denver region, which the firm first entered in 2010. Rosemont becomes the 13th property the company has owned in the metro. While overall investor interest in Denver has softened, Security Properties remains bullish based on historical performance, strong in-place demand drivers, and a sharply constrained supply pipeline. The Federal Heights submarket is among the tightest in the region, with just 313 new multifamily units delivered within a three-mile radius since 2019 and no current market-rate construction, a dynamic that supports long-term rent stability.
“Even as Denver moves through a period of normalization, its long-term fundamentals remain compelling,” Bates said. “A young, highly educated workforce, a widening affordability gap between renting and owning, and a notable slowdown in new supply point to sustained demand for well-located rental housing. We believe this is exactly the right moment to lean in.”
The acquisition reflects Security Properties’ broader strategy of expanding across key growth markets with a disciplined and focused approach. The firm’s relationships, regional expertise, and ability to provide executional certainty continue to highlight the firm’s unmatched sourcing and underwriting capabilities, especially in competitive or complex transaction environments.
“Our integrated team and decades of experience allow us to uncover and do on opportunities that generate strong long-term outcomes,” Bates said. “We’re committed to growing our presence in Denver with the same thoughtful, disciplined approach that has defined our success in the Pacific Northwest.”

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