CLEMSON, SC – Balfour Beatty Communities, a national residential real estate investment and management company, announced the successful acquisition of Clemson Village, a 96-unit, 288-bed student housing community serving Clemson University in Clemson, South Carolina. This strategic acquisition further expands the company s presence in high-performing university markets and marks its second acquisition within the NCAA Division I Atlantic Coast Conference (ACC), following the investment in Oktiv, serving Florida State University students.
Clemson Village offers students distinctive residential living experience through its low-density duplex design, providing greater privacy and space than traditional apartment-style student housing. Located less than a mile away from Clemson University, the property is conveniently walkable to campus and provides residents with seamless connectivity via dedicated transit access.
The community consists of 96 three-bedroom, three-bathroom units, situated on 18 acres. Designed with comfort and functionality in mind, each fully furnished unit includes modern finishes, private bedrooms and bathrooms, and expansive living spaces, complemented by a robust amenity package that includes a clubhouse, resort-style pool, fitness center, study areas, and outdoor recreation spaces.
We are excited to add Clemson Village to our growing student housing portfolio, said Lisa Dailey, Senior Vice President of Multifamily Acquisitions at Balfour Beatty Communities. The property s unique duplex configuration combined with its prime location makes it an exceptional fit for our investment strategy. Clemson University continues to demonstrate strong enrollment growth and long-term demand for high-quality off-campus housing, and Clemson Village is well positioned to benefit from these favorable trends.
The Clemson student housing market continues to exhibit strong demand, supported by the university s academic reputation, vibrant campus environment, and consistent need for purpose-built housing options. Clemson Village is well positioned to benefit from these trends while offering residents a distinctive choice in living option. Following the acquisition, Balfour Beatty Communities plans to implement a series of enhancements designed to further elevate the resident experience and support the property s long-term performance.
This acquisition underscores Balfour Beatty Communities commitment to thoughtful portfolio growth—focusing on well-located communities with lasting appeal and investing in ways that enhance both the resident experience and long-term value.

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IRVINE, CA – Advanced Real Estate has bought the 126-unit Casa La Paz apartment community in Rowland Heights, California. The property has been rebranded as “The Rowland” and will undergo a comprehensive renovation program, including exterior improvements, upgraded interiors, and enhanced community amenities.
The acquisition marks the fifth property bought in the past eight months by their most recent Investment Fund, Advanced Fund 24-3. The other properties include two luxury apartment towers totaling 393 units in Hollywood as well as 138 units in West Covina and 104 units in Santa Ana. The Hollywood acquisition in late April was the largest apartment buy made by any firm so far this year in Southern California. Advanced’s portfolio now includes over 13,000 apartment units in Southern California with a market value of $5 billion.
Originally developed as a long-term, family-owned asset, The Rowland was bought utilizing Advanced’s unique 721 tax-deferred “exchange and contribution” structure. Through this process, the former ownership group contributed the property into the fund in exchange for partnership interests in Advanced Fund 24-3. Some of those partners in the seller’s partnership preferred a cash payout, which Advanced provided at closing.
“Many apartment owners want to preserve equity and defer taxes while still transitioning away from the inherent risks of ownership as well as the day-to-day management responsibilities,” said Richard Julian, CEO of Advanced Real Estate. “Our structure allows owners to contribute their property into a solid and diversified institutional-quality portfolio while maintaining investment participation for the long term. It’s a strategy we’ve successfully implemented across numerous acquisitions.”
Located in the San Gabriel Valley, The Rowland benefits from strong regional demographics, proximity to major employment centers, and convenient access to retail, dining, and transportation corridors. Advanced plans to do a comprehensive value-add renovation strategy designed to modernize the community and enhance the resident experience.
“Rowland Heights represents a highly desirable suburban Southern California rental market because of its central location and strong long-term fundamentals,” said Paul Julian, President of Advanced Real Estate and Richard’s son. “We see substantial upside by repositioning this property through thoughtful renovations and professional management while making long-term value for both residents and investors.”
Property management will be handled in-house by Advanced Management Company (AMC), while renovations will be administered through Advanced’s affiliated construction company, R3 Construction Services.

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NEW YORK, NY – Clarion Partners, a leading real estate investment manager and partially owned subsidiary of Franklin Templeton, Vermilion Development, a full-service real estate investment and development company, and Quartz Lake Capital, a private equity real estate investor and manager, announced the opening of The Duncan, a 309-unit multifamily community located within a federally-designated Opportunity Zone at 1625 Lock Lane in Madison, Wisconsin.
Overlooking Lake Mendota and situated across from historic Tenney Park, The Duncan offers residents a distinctive lakeside living experience with proximity to downtown Madison. The community is designed to connect residents with outdoor recreation, neighborhood amenities and employment centers. The project reflects the partnership s focus on well-located housing in dynamic, high-demand housing markets.
The Duncan includes 309 apartment homes in a mix of studio, one-, two-, and three-bedroom residences, including townhome options. Homes feature open-concept layouts with elevated finishes, with many residences offering views of the Capitol Building, Tenney Park or Lake Mendota. Community amenities include a fitness center, club room, co-working space, sky lounge with outdoor terrace, heated vehicle and bike parking, an expansive outdoor amenity area with fire pits and grilling stations, a fenced dog run and community gardens.
The Duncan reflects our continued conviction in high-quality housing located in markets supported by strong fundamentals and enduring resident appeal, said Clarion Partners Managing Director Jason Glasser. With its idyllic waterfront setting and access to the broader Madison area, the community is well positioned to meet the needs of today s renters.
The opening of The Duncan adds new housing to one of Madison s most desirable waterfront corridors, where residents value recreation, connectivity and neighborhood character. With its blend of modern apartment living and proximity to the lake, riverfront, park space, and downtown, The Duncan offers a differentiated residential experience in a market defined by strong demand and limited supply.
The Duncan represents the kind of placemaking we strive for—thoughtfully designed housing that is connected to its surroundings and enhances the resident experience, said Dave Cocagne, President/CEO of Vermilion Development. It s setting near the water, the park, and downtown Madison makes a compelling lifestyle offering, and we re proud to bring this community to market.
The Duncan was designed by architect Potter Lawson and constructed by general contractor McShane Construction Company. CIBC is the lender on the project. Greystar is the property manager.

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