MIAMI, FL – Lincoln Avenue Capital (LAC) announced the completion of the buy of two apartment complexes in Miami’s Brownsville neighborhood, extending the affordability of 196 housing units for seniors and working families.
Founded three years ago, LAC is one of the nation’s fastest-growing community-oriented developers, investors, and operators of affordable housing, managing over 9,000 units across 11 states. With this new buy, LAC will own 11 affordable housing developments in the Miami region.
Brownsville Transit Village I and II are mid-rise buildings located in the Brownsville neighborhood — an urban, infill location — at 5255 NW 29th Avenue, with 96 and 100 units respectively. Brownsville Transit Village II is an independent senior living community.
Both properties are part of a larger campus of affordable apartment buildings that finished construction in 2012, which encompasses nearly 500 affordable housing units and includes ground floor retail. The development is transit-oriented, located near the Metrorail Green Line station, with simple access to Miami International Airport and Downtown Miami.
“Lincoln Avenue Capital is driven by the mission to preserve and make quality affordable homes in the Miami area and across the nation,” said Jeremy Bronfman, LAC’s Chief Executive Officer. “We are proud to preserve Brownsville as an affordable property to meet this vital need in urban Miami, including its vibrant community of seniors.”

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ATLANTA, GA – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the 312-unit Lodge on the Chattahoochee apartment community in Sandy Springs, GA. The deal closed on December 31, 2019. The buy marked the firm’s 11th acquisition of the 2019 year.
The acquisition is part of a three-property portfolio that HZ is purchasing from Aimco including the Lodge on the Chattahoochee, Timbers at Long Reach, and Chimneys of Cradlerock.
“With its large unit floorplans and access to the Chattahoochee River, Lodge on the Chattahoocheeserves a desirable and underserved demographic in the area,” said David Nelson, managing director of acquisitions for Hamilton Zanze.
Built in 1973, Lodge on the Chattahoochee was 98% occupied at the time of buy. The community offers immediate access to over 22 miles of riverfront trail and a fitness center, dog park, and business center. Large units feature ample natural light, washers and dryers, wood-style flooring, private balconies, walk-in closets, and attached garages.
HZ’s capital improvements plot include community amenity upgrades and interior renovations. Property management responsibilities have been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.
The community is located less than 20 miles north of downtown Atlanta. The metro area remains a desirable place to live and work due to the business-friendly environment, ease of travel through Hartsfield-Jackson Atlanta International Airport, and the region’s reputation as a logistics hub.

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LOS ANGELES, CA – MWest Holdings, a vertically integrated private real estate investment and property management company based in Los Angeles, with more than 2.5 million square feet of residential and commercial property across the U.S., announced the acquisition and plotted renovation of The Enclave, a 306-unit, 300,000 SF garden-style apartment property, located at 13801 Paramount Blvd. in Paramount, CA. This acquisition marks MWest’s seventh successful joint venture partnership with BentallGreenOak.
The Enclave is one of only six market-rate multifamily properties in excess of 200 units in Paramount, Norwalk, Downey, and Bellflower, and the only apartment community with more than 50 units developed in Paramount over the last 30 years.
Built in 1991 and situated on 4.93 acres, The Enclave includes six low-rise garden-style residential buildings and one recreation building. The unit mix includes one-, two- and three-bedrooms with an average size of 970 square feet. The units feature gas fireplaces and outdoor space, central air conditioning, and large closets. Common area amenities include a fitness center, pool, and dog run, among others, as well as ample subterranean parking.
Paramount’s central location and proximity to multiple freeways provides convenient access to various decentralized employment centers that span Los Angeles and Orange County. Interstate 105, a major east-west artery, runs adjacent to the property, and four other major freeways are within a small drive. In addition, the Lakewood Green Line metro station is a 5-minute drive.
“We’re excited about The Enclave buy as it is in line with our broader acquisition strategy in the Los Angeles market, and is an ideal value-add buy in an brilliant location for driving demand,” said Karl Slovin, President of MWest Holdings.

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