WEST PALM BEACH, FL – Fairfield announced the acquisition of Portofino Place Apartments, a residential community located at 4400 Portofino Way in West Palm Beach, Florida. Portofino Place is a multifamily community offering spacious one-, two-, and three-bedroom apartment homes, as well as two-tale loft residences.
Located minutes from Downtown West Palm Beach, the community features an extensive amenity package, including four resort-style swimming pools, a 24-hour fitness center, yoga studio, pickleball and tennis courts, indoor basketball court, coworking space, dog park, guest suite accommodations, and multiple social and recreation areas.
The acquisition aligns with Fairfield’s strategy of investing in multifamily communities where operational enhancements and capital improvements can support the resident experience while making long-term value.
This investment is a strong example of the type of value-add opportunity we continue to pursue, said Wes Dickerson, Executive Vice President of Acquisitions for Fairfield. West Palm Beach continues to experience population growth and demand for rental housing. We believe Portofino Place has been exceptionally maintained and is well-positioned within one of Florida’s most dynamic growth markets.
Situated in the heart of Palm Beach County, Portofino Place Apartments offers residents convenient access to Downtown West Palm Beach, major transportation corridors, employment centers, shopping, dining, entertainment destinations, and some of South Florida’s most recognizable beaches. The community’s combination of spacious floor plans, resort-inspired amenities, and location all contribute to its appeal as a rental housing option within the market.
We look forward to thoughtfully enhancing the resident experience while continuing to provide a high-quality housing option for current and future residents, Danny Frate, Vice President of Acquisitions for Fairfield, added. We also appreciated the opportunity to work with Walker & Dunlop, who facilitated both the sale and financing of the deal.
This acquisition further strengthens Fairfield’s presence in Florida and reflects the organization s continued commitment to identifying value-add investment opportunities in markets supported by population growth and long-term housing demand.

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DALLAS, TX – ORIX Corporation USA announced that its Real Estate Investment Strategies team-operated subsidiaries have bought three multifamily properties totaling 1,029 units in Texas and Georgia. The transactions, representing approximately $200 million in aggregate value, expand ORIX USA s multifamily equity portfolio and reflect the firm s continued investment in residential real estate across the United States.
We are excited about these new investments and remain highly optimistic about opportunities to invest in multifamily properties across our target markets, said Alex Lizarazo, Managing Director and Head of Asset Management for ORIX USA s Real Estate Investment Strategies team.
The three investments outlined below demonstrate ORIX USA s ability to pursue multifamily equity opportunities across a range of investment profiles, from acquiring recently constructed assets below replacement cost to repositioning established properties through targeted capital investment and operational improvements.
The Kendrick – Atlanta, Georgia: ORIX USA bought the Kendrick, a 1998-built, 423-unit garden-style multifamily community located in Atlanta s Buckhead neighborhood, near major employment, retail and entertainment centers. The business plot includes capital improvements to modernize units and common areas.
Lookout – Dripping Springs, Texas: ORIX USA bought Lookout, a 241-unit multifamily community in Dripping Springs, outside Austin. Completed in 2025, the Class A+ Gurban property is a market leading best-in-class asset bought below replacement cost. ORIX USA plans to stabilize the property while investing in technology, amenities and other enhancements.
Vic at Jordan Ranch – Katy, Texas: ORIX USA also bought Vic at Jordan Ranch, a 365-unit, Class A garden-style multifamily community in Katy, Texas. The asset is stabilized and well located in the affluent Jordan Ranch master-plotted community, an area benefitting from continued growth and future development. The team will focus on targeted operational improvements that enhance property performance and long-term value.
These acquisitions underscore our continued focus on seizing compelling investment opportunities where our balance sheet strength, active ownership approach, and disciplined property-level execution can drive meaningful value creation, added Max Dobrushkin, Managing Director.
Established in the U.S. in 1981, ORIX USA is a diversified investment and asset management firm specializing in credit, real estate, private equity and managed solutions for middle-market borrowers and investors. ORIX USA and its subsidiaries use approximately 2,100 professionals and manage $43.5 billion in assets and commitments as of June 30, 2026.

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ATLANTA, GA – RangeWater Real Estate has bought Bell Buckhead West, a 280-unit, Class A multifamily community in Atlanta’s Buckhead neighborhood, through a joint venture with Heitman Investment Management. Bell Buckhead West further expands RangeWater’s presence in its hometown market and reflects the firm’s strategy of investing in high-quality communities where local market expertise, operating capabilities, and targeted improvements can unlock long-term value.
Built in 2015, the five-tale mid-rise community spans 5.56 acres and features studio, one- and two-bedroom residences with structured parking in one of Atlanta’s most established commercial and residential neighborhoods. RangeWater plans to implement a targeted interior renovation program and selective amenity upgrades to further enhance the resident experience. The property benefits from its location within a supply-constrained submarket characterized by strong employment drivers, connectivity, and sustained renter demand.
The acquisition was sourced off market through RangeWater’s longstanding relationship with the previous owner, Bell Partners, highlighting the firm’s ability to identify differentiated investment opportunities through deep industry relationships and local market expertise.
“Our investment process is built on recognizing leading indicators before they become broadly reflected in the market. By combining real-time market insights, deep industry relationships, and local operating expertise, we identified an opportunity with strong conviction, not only in the asset itself, but in the value we believe can be made through skilled execution of a thoughtful asset enhancement strategy,” said Brian Soss, Executive Managing Director of Acquisitions at RangeWater Real Estate.
The property offers convenient access to Buckhead, Midtown, Cumberland, Central Perimeter, and Downtown Atlanta via Interstate 75. More than 1.6 million square feet of medical office space is located within one mile of the community, including major Wellstar, Piedmont, and Emory-affiliated facilities, supporting a diverse employment base and long-term demand for high-quality rental housing.
RangeWater owns (and/or manages via RangeWater Residential) 9,744 units across the Atlanta MSA, including 2,140 units within a five-mile radius of the property, providing proprietary local market insights and operational advantages that support long-term value creation for residents and investment partners.

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