BIRMINGHAM, AL – A strategic partnership between Pumphouse Residential Group, WeldenField Development, and SPM announced the successful acquisition of a premium student housing portfolio comprising two strategically located properties serving the University of Georgia (UGA) and Louisiana State University (LSU) markets. The portfolio includes The Lodge of Athens (240 units, 480 beds) and Wildwood Baton Rouge (204 units, 708 beds), totaling 444 units and 1,188 beds.
The integrated partnership combines acquisition and investment expertise from Pumphouse Residential Group and WeldenField with SPM’s specialized student housing operational management. SPM will provide comprehensive property management services and oversee plotted renovation enhancements through SPM Building Services. Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), arranged the sale of the portfolio.
The acquisition demonstrates the importance of operational expertise in today’s competitive student housing market. The Pumphouse-WeldenField-SPM partnership was selected based on the team’s proven ability to do complex transactions and deliver superior results in the student housing sector.
“This partnership represents the ideal combination of acquisition expertise, investment capabilities, and specialized operational management that today’s student housing investments require,” said Anthony Alsup, Pumphouse Residential Group managing partner. “We focus on acquiring well-located assets at universities where operational excellence can drive significant value creation. The ability to pair our acquisition and investment capabilities with SPM’s proven student housing management expertise was critical to executing this transaction successfully.”
The Lodge of Athens, built in 2003 and located just 0.8 miles from the UGA campus, features recently upgraded amenities including a fully gated community, groundbreaking new modernized clubhouse, an upgraded pool area and fitness center, a private shuttle to campus, and enhanced study areas with a new computer lab. The property also offers pet-friendly accommodations with a dedicated dog park, sand volleyball and basketball courts, and new grilling and hammock garden areas. Currently operating at 95% occupancy, the property demonstrates strong demand in the Athens market.
Wildwood Baton Rouge, constructed in 2016 and positioned 1.4 miles from the LSU campus, offers resort-style amenities including a pool area with cabanas, an outdoor fitness center, a “Gameday” room, a cyber café, and 24/7 study areas. The property features fully furnished apartments with 58″ smart TVs, private patios and balconies, full kitchens with bar areas, and townhome and flat-style apartment options. Additional amenities include fire pit and grilling pavilions, half-court basketball and volleyball courts, and comprehensive pet-friendly facilities. The property maintains an exceptional 98% occupancy rate, reflecting the strength of the Baton Rouge student housing market.
While SPM has built its reputation managing over 200 multifamily communities across 13 states, the company has assembled a specialized student housing team with deep sector expertise. SPM’s leadership team collectively brings over 65 years of student housing experience and has overseen well over $6 billion in student housing operations across 100+ markets in 35 states through previous roles at major student housing operators.
“Student housing demands specialized expertise beyond conventional multifamily management,” said Mitchell Smith, SPM executive vice president. “Our team’s collective experience managing billions in student housing assets across major operators paired with our technology-forward approach positioned us as the optimal choice to maximize the value of these premium properties.”
With these acquisitions, SPM will manage five student housing properties, building on its success at HELiX Starkville (now Philo Starkville Student Apartments) and leveraging its team’s extensive background to drive operational improvements and resident satisfaction.

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BURLESON, TX – Sagora Senior Living announced the addition of Wilshire Senior Living in Burleson, Texas, to its impressive and growing portfolio of senior living communities across the nation. With this addition, Sagora Senior Living now owns and operates 95 communities in 10 states, continuing its mission of providing exceptional care and a resident-first experience.
Wilshire Senior Living offers a full continuum of care, including Cottages, Independent Living, Helped Living, and Memory Care, designed to support every stage of senior living. Residents delight in the freedom to live safely and comfortably in their own private studios, apartments, or single-level cottages—all within a gorgeous, welcoming environment.
In addition to comfortable accommodations, residents benefit from a variety of personal services such as housekeeping, chef-prepared meals, maintenance, and laundry services, ensuring a stress-free lifestyle. The community also offers exceptional amenities, including a fully stocked fishing pond, whirlpool tub, full-service beauty salon and barber, and spacious outdoor patios and courtyards perfect for socializing or relaxing.
At Sagora Senior Living, we live by a resident-first philosophy, and we are thrilled to bring our compassionate care, engaging lifestyle programs, and dedicated team to the residents of Wilshire Senior Living. Our goal is to make a community where every resident feels at home, valued, and supported.
For residents in Memory Care, Sagora offers its signature Pathways Memory Care Program, a specialized approach tailored to each resident’s needs and designed to provide comfort, dignity, and engagement every day. Meanwhile, all residents can delight in Sagora’s renowned Dining with G.R.A.C.E. programming, an acronym for Fantastic food, Respect, Atmosphere, Chef-prepared, and Every meal—offering a restaurant-style dining experience that nourishes both body and soul.

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DENVER, CO – The NHP Foundation (NHPF), a national not-for-profit leader in providing affordable, sustainable housing, announced the acquisition of land for its third Colorado deal in 2025, marking another significant step in addressing the region’s housing needs. The 0.9-acre parcel, located at 3701 16th Avenue in Denver’s Sloan’s Lake neighborhood, will be developed by managing partner Zocalo Community Development into 158 new energy-efficient apartments known as Liora at Sloan’s Lake. Rents at Liora will be limited to residents earning 30%, 50% and 60% of Area Median Income.
“Liora, and the entire redevelopment of the broader site at Sloan’s Lake, supports our mission to make housing affordability at all levels, both for-sale and for-rent,” said David Zucker, CEO, Zocalo Community Development. “Our partnership with NHPF reinforces Zocalo’s commitment to real estate development that balances investment returns, community, and environmental impact.”
Financing partners for the $60 million development include the Colorado Housing and Finance Authority (CHFA), which provided a tax-exempt bonds and 4% Low Income Housing Tax Credits, the State of Colorado and CHFA which offered $3.85 million Proposition 123 land loan, as well as an $18.5 million loan from Bellwether Enterprise, $24.5 million in LIHTC equity from a PNC Bank-managed fund comprised of a one-third party investor, $9.5 million in subordinate debt from the Colorado Division of Housing and several million dollars in deeply-subordinated loans from Zocalo.
“This project meets all three of the CHFA Proposition 123 Land Banking Program priorities: providing transit-accessible, high-density housing within two miles of downtown Denver; serving households at a mix of income levels; and ensuring environmentally sustainable development,” said Neal Drobenare, SVP of NHPF. “We are proud to expand our footprint in Colorado with another community designed for long-term affordability.”
Earlier this year, NHPF broke ground on 54 units of workforce housing, Galena St. in Frisco, CO. NHPF also bought 101 W. Main in Frisco, where the organization will construct 52 units of workforce housing, with ground-floor space reserved for service providers or local businesses. The site includes a creek easement, improving public access to outdoor spaces.
Tim Pryor, NHPF Vice President of Acquisitions, added “Building 158 energy efficient apartments at Liora is a fantastic way to preserve affordability in an economically flourishing area of Denver. We look at this opportunity as a blueprint for other expansion NHPF is undertaking in areas of need.”
The land was bought from the long-time land owner in partnership with Zocalo. The development will be built to meet Enterprise Green Communities Plus standards, featuring an all-electric HVAC system and other environmentally conscious design elements.
“A strong, thriving economy includes workforce housing so Colorado workers can live in communities they like and close to their jobs. Projects like Liora at Sloan’s Lake are essential to making transit-accessible, sustainable communities that meet the diverse housing needs of Colorado residents, and the State of Colorado is proud to support this development through the Proposition 123 Land Banking program,” said Eve Lieberman, Executive Director of the Colorado Office of Economic Development and International Trade.
“Liora Apartments is a testament to what can be achieved when dedicated partners come together to overcome challenges, and BWE is proud to support this vital effort to meet the urgent need for affordable housing in our community,” said Anthea Martin, Senior Vice President, Bellwether Enterprise.
“At PNC, we are committed to addressing the affordable housing shortage across the country by supporting developments that make lasting impact,” said John Nunnery, senior vice president and manager of Originations for PNC Multifamily Capital. “We look forward to seeing the Liora at Sloan’s Lake development positively contribute to the Denver and broader Colorado communities.”
“Liora at Sloan’s Lake is a model of what we can achieve when public and private partners come together with a shared commitment to making housing more affordable for Colorado residents. Through $9.5 million in support from the Department of Local Affairs, this collaboration brings over 150 energy-efficient homes to one of Denver’s most vibrant neighborhoods—close to jobs, schools, and transit. By investing in projects like this, we’re not only expanding housing opportunities but strengthening the foundation of our communities across the state.” Maria De Cambra, Executive Director, Colorado Department of Local Affairs.

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