BRIGHTON, CO – The Milestone Group announced the acquisition of Solaire Apartments, a 252-unit, market-rate community in the Denver suburb of Brighton, Colorado. The buy price was not told.
“Solaire is in one of the fastest-growing submarkets in the region and is an brilliant strategic fit to our growing portfolio, bought at an estimated discount to replacement cost in excess of 25% and located in a submarket characterized by limited new supply,” said Milestone Vice President of Acquisitions Rich Ritter. “Milestone assumed the existing agency debt, allowing for a quick transaction without capital markets risk. We will now do a multi-phase value-add strategy designed to enhance the resident experience and drive both immediate and sustained improvements in property performance.”
Solaire Apartments is sustainably designed and features contemporary one-, two-, and three-bedroom apartments at 1287 S. 8thAvenue in Brighton. The suburban Denver location affords residents simple access to numerous shopping, restaurants, and other amenities while providing simple access to freeways for Denver commuting and an abundance of options for accessing parks and mountain recreation.
Community amenities include a resort-style pool with a lap lane and year-round hot tub and lounge, a Clubroom with a kitchen and business center, a 24-hour fitness center, a dog park, a playground, and inviting native grass areas. The modern residences include faux-wood plank flooring throughout, oversized closets*, private balconies or patios with Trex flooring, exterior storage*, fireplaces*, and washers and dryers in every unit.

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NEW ORLEANS, LA – The Menkiti Group, a DC-based, minority-owned real estate firm, announced its recent strategic partnership with VPG to buy Arbor Place Apartments, a 136-unit multifamily property located in Terrytown, LA. Located just outside of New Orleans, the property marks a significant investment aimed at preserving affordability and furthering both firms’ shared commitment to revitalizing historically underinvested communities.
“We believe that meaningful neighborhood change starts with strong local partners, and we’re honored to work alongside VPG on this impactful project,” said Bo Menkiti, Founder and CEO of The Menkiti Group. “Arbor Place represents the kind of thoughtful investment that aligns with our values—preserving affordability, supporting local leadership, and strengthening communities for the long term.”
Through this partnership, The Menkiti Group is providing joint venture equity financing for the project. The investment was made through The Menkiti Group’s Obsidian Catalyst Fund I, LP – a mission-driven real estate investment fund focused on supporting emerging sponsors and driving inclusive growth in urban communities.
VPG will be leading the project’s operations and long-term asset management strategy. With over 14 years of experience, VPG has built a strong presence in the New Orleans region, owning and managing over 850 apartment units. Arbor Place Apartments will continue to serve local residents with 50% of the 136 units designated as affordable housing at 60% of the Area Median Income.
“This investment represents a meaningful step in providing high quality, accessible and affordable housing options for working families across New Orleans,” said Michael Merideth, CEO of VPG. “We are proud to partner with The Menkiti Group and the Obsidian Catalyst Fund to further our mission of delivering high-quality workforce and affordable housing that supports long-term community stability.”

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DALLAS, TX – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, announced the opening of a 324-unit, mixed-income housing community in Dallas, Texas. Ascent at Mountain Creek is just 15 minutes outside of downtown Dallas, with 50% of the units reserved for individuals and families earning 80% or less than the Area Median Income (AMI).
Located at the intersection of Highway 408 and I-20, Ascent at Mountain Creek offers scenic views of rolling hills and considerable green space and is less than 10 miles from Mountain Creek Lake. The community is also in close proximity to the 450-acre Mountain Creek Business Park, home to companies such as Nestlé, Ulta Beauty and Chewy. Everyday conveniences such as Target, Home Depot and the Methodist Charlton Medical Center are just a 10-minute drive away, along with recreational venues such as Epic Waters Waterpark and Grand Oaks Golf Club. Residents will also have access to ample retail and dining options, as well as major employment hubs in downtown Dallas.
As Dallas-Fort Worth s affordability crisis deepens, Ascent at Mountain Creek provides much-needed housing at a mix of income levels for essential workers, from teachers and nurses, to first responders and public transit operators, said Alena Savera, Vice President of Development at The NRP Group. We re grateful for the partnership and collaboration of the city, which has allowed us to deliver a community that meets the diverse needs of Dallas renters and enhances resident quality of life.
The newly delivered community at 4868 S. Merrifield Road comprises 14 three-tale, wood-frame buildings offering a mix of one-, two- and three-bedroom apartments. To meet resident demand for larger units that accommodate work-from-home preferences, den floor plans for one- and two-bedroom units are also available. In-unit features include quartz countertops, backlit mirrors, stainless steel appliances and walk-in closets. Residents can delight in a variety of community amenities, including a resort-style pool, dog park, state-of-the-art fitness center with a spin room and clubhouse lounge.
There is a pressing need for mixed-income housing in the metroplex, where rising costs are making it harder for residents to find affordable homes, said Keith Pomykal, District 14 Dallas PFC Board Member. Working with The NRP Group has allowed us to deliver the quality and attainable housing our community needs.
The Dallas metro area remains a priority market for The NRP Group. The firm has developed over 6,700 units across 30 properties in the region, and recently broke ground on new affordable housing developments Thrive on Crawford in Fort Worth and The Fielder in Mesquite.

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