PLANTATION, FL – MAXX Properties, a privately held, a vertically-integrated multifamily owner, operator and investment manager, announced the acquisition of The Ellery, a 250-unit, Class A multifamily community located in Plantation, a highly desirable submarket in South Florida. The transaction was sourced directly through an off-market arrangement with the seller.
Originally built in 2018, the community – formerly known as Bell at Plantation – has been rebranded as The Ellery, reflecting MAXX’s long-term vision for the property and its connection to the local community. The name pays homage to Ellsworth D. Gage, the first mayor of Plantation, grounding the asset in the city’s history while positioning it for future growth.
“This acquisition reflects our continued focus on high-quality communities in strong submarkets where we can make long-term value through hands-on ownership and operational expertise,” said Adam Fruitbine, Chief Investment Officer of MAXX Properties. “We’re excited to build on The Ellery’s strong foundation while enhancing the residential experience.”
The Ellery offers luxury one-, two-, and three-bedroom residences across eight lakeside buildings, blending modern design and resort-style living. Homes feature stylish interiors, open-concept layouts, and private balconies, along with a full suite of community amenities including a pool with private cabanas, yoga and boxing studios, a private movie theater, and scenic waterfront walkways. Set in the heart of Plantation, the community offers a tranquil lifestyle with convenient access to employment, dining and premier shopping destinations, including Sawgrass Mills.
As part of its strategy, MAXX Properties plans to implement a series of capital improvements designed to enhance the resident experience. Plotted upgrades include enhancements to curb appeal, refreshed amenity spaces, selective interior unit renovations, and the integration of new technology offerings.
The acquisition brings MAXX Properties’ portfolio to 35 communities and approximately 9,400 units across seven states, further strengthening its footprint in the South Florida region.

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FORT WASHINGTON, PA – Local officials joined prominent East Coast developer Jefferson Apartment Group (JAG) and equity partner CP Capital to celebrate J Veridian Upper Dublin, an amenity-rich, 310-unit Class A community in Fort Washington, Pennsylvania.
Located at 1125 Virginia Drive, the site of a former office park, the community comprises three 5-tale buildings and 8 acres of walkable open space with a 1.4-mile trail connecting to the Cross County Trail.
Upper Dublin Township has worked to revitalize and reimagine the office park as a mixed-use hub with commercial, residential, and recreational offerings.
And up until today, the residential was missing, Upper Dublin Township Commissioner Harm Scherpbier said during the April 14 ribbon-cutting. I believe that more residential buildings help make the atmosphere people are looking for in this area, so thank you Jefferson Apartment Group for bringing J Veridian to our township.
The community s outdoor amenities include two pickleball courts, a dog park, community garden plots, and a private resort-style courtyard featuring a swimming pool, grilling stations, fire pits, hammocks, pocket parks, and lounge areas.
Robust indoor amenities also enhance a resort lifestyle at J Veridian. Residents delight in a grand clubroom with entertainment kitchen and double-sided fireplace, game area with billiards, shuffleboard, and arcade gaming, a theater with surround sound, leading-edge fitness center, a co-working area with office pods, and more.
Jefferson Apartment Group is proud to make communities that elevate apartment living for residents and increase much-needed housing supply, said Drew Chapman, JAG Senior Vice President and Development Partner. Our partners at CP Capital shared our vision for J Veridian Upper Dublin and recognized the high-impact potential of this development. We are pleased to have forged this new relationship with them and are hopeful to continue investing together.
Units at J Veridian include 1- to 3-bedroom floor plans. Every apartment reflects JAG s luxury standard, including top-line quartz countertops, stainless steel appliances, tile backsplashes, and sleek plank flooring in the living areas.
Multifamily remains a necessity-driven asset class, where demand for high-quality, accessible housing endures, said Jay Remillard, Executive Managing Director at CP Capital. We are excited to meet this demand in the Philadelphia region with a project and partner that exemplifies market-leading multifamily that aligns with our long-term investment strategy of capitalizing on market cycles and strong supply-demand fundamentals.

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WEST BABYLON, NY – Preservation Equity Fund Advisors (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, announced their recent acquisition of Belmont Villas, a 164-unit apartment community in West Babylon, New York. Belmont Villas is located in Suffolk County, a high-cost rental market on Long Island’s South Shore.
The units at Belmont Villas are restricted to residents aged 55 and older. The property is located on Long Island, approximately one hour from New York City. Built with low-income housing tax credits in 2009, the property is restricted to residents with income levels at 60% of Area Median Income (AMI).
The property is comprised of eight two-tale residential buildings in a low-density setting with 13.9 units per acre. The property features 164 one-bedroom units averaging 1,100 square feet; units include an extra room for a den or guest bedroom, providing a competitive edge to other one-bedroom units in the market. Property amenities include a clubhouse, gated access, fitness center, library, game room, and picnic area with barbecue.
Resident amenities include balconies or patios, in-unit washer/dryer, vinyl plank flooring, granite countertops in select units, central heating/cooling, and fully equipped kitchens. As of closing, the property was 98.8% occupied.
“Long Island continues to experience a significant shortage of affordable housing, particularly for senior residents. Belmont Villas benefits from this strong demand dynamic, which supports long-term occupancy, rent stability and makes a highly resilient investment income profile,” said Ann Caruana, President and Chief Investment Officer at PEF Advisors. She continues, “We’re pleased to buy a high-quality property from a respected developer, recapitalize it to address deferred maintenance, and ultimately preserve the affordability when the property becomes at-risk towards the end of our hold period.”

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