LAKE WORTH, FL – Greystar, a global leader in the investment, development, and management of real estate, announced that Elan Palm Reserve is now welcoming go-ins. Elan Palm Reserve has 384 apartments, 88 of which are workforce housing, in one-, two- and three-bedroom floorplans that range in size from 749 sq. ft. to 1,374 sq. ft.
All residences have stylish quartz countertops, pendant lighting, warm-toned hardwood-style flooring, in-home full-size washer and dryer, gourmet island or peninsula kitchens with GE stainless steel appliances, personal balcony or terrace and a spacious closet in the primary bedroom. Select apartments will also include dual vanity sinks, standalone showers, oversized soaking tubs and flex space that is perfect for working from home.
The community features several amenities that allow residents to relax, including a serenity pool with ledge chaise loungers, poolside kitchen with grills and outdoor dining, a fireside lounge for stargazing, hammocks for daydreaming, a lake with paved trails, a lakeside terrace with a fire table and gaming lawn, a second-tale veranda with a summer kitchen and lounges, and a gated dog park with shade. Other amenities include co-working spaces and private studies, community-wide Wi-Fi, a 24-hour fitness center with cardio and free weights and on-site EV charging kiosks.
Elan Palm Reserve is in a fantastic location close to retail and just minutes from the beach, shopping districts, creative scenes and entertainment options. Neighboring food options include Chick-fil-a and Panda Express. The community is close to I-95, which provides access to other Florida cities including Miami, Fort Lauderdale and West Palm Beach, as well as the West Palm Beach International Airport.
“We are extremely pleased to welcome residents and invite people to come tour Elan Palm Reserve,” Ana Pedrajo, Senior Director of Development, Greystar, said. “The community was designed to provide resort-style living and be a retreat for residents, so they feel that they are always in vacation mode.”

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SAN DIEGO, CA – MG Properties, a leading real estate investment and management company, has completed the acquisition of Park 12 Apartments, a 35-tale high-rise community in downtown San Diego with 43,000 sq.ft. of retail. MG bought the property for $309 million, making it the largest apartment acquisition in San Diego since 2020, and the third largest apartment acquisition in San Diego history. With this acquisition, MG has added 18 properties to their portfolio over the past twelve months, totaling over $2.1 billion.
Built in 2018, Park 12 is located in the Ballpark Village masterplan adjacent to Petco Park, home of the San Diego Padres. The property features panoramic stadium, bay and city views of Downtown San Diego along with on-site restaurants, brewery, and café. With a 97/100 Walkscore, residents have access to The Gaslamp Quarter and the highest concentration of restaurants and retail in the city.
“As a San Diego based company, we are very familiar with the dynamics of the city and believe it has tremendous opportunity for growth in the coming years,” said Jeff Gleiberman, President of MG Properties. “We believe this is an exceptional opportunity to buy one of San Diego’s most iconic properties. This investment is consistent with our strategy of making long-term investments in high quality properties.”
The seller, Greystar, was represented by Joseph Smolen and Geoff Boler with Eastdil Secured. Financing for the transaction was provided by Fannie Mae and arranged by Greg Stampley and Lee Redmond with Eastdil Secured.

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KANSAS CITY, MO – PPR Capital Management (PPR), a private equity real estate investment firm, announced the acquisition of Infinity at Plaza West, a 224-unit garden-style multifamily community located in Kansas City, MO. Through strategic financing that includes a favorable 3.90% loan assumption, PPR has structured the $33.6 million acquisition to maximize value-add opportunities while maintaining efficient capital deployment.
The property is intentionally located in close proximity to the Country Club Plaza, Kansas City’s premier retail and lifestyle destination. This acquisition is PPR’s second investment in the Kansas City metropolitan area, following their December 2023 acquisition of a 200-unit townhome community in Overland Park, KS.
“This acquisition further demonstrates PPR’s ability to identify and secure properties with strong value-add potential in growing locations,” said Steve Meyer, CEO of PPR Capital Management. “By acquiring this asset below market basis with attractive financing terms, we are well-positioned to implement our capital improvement strategy and make additional value for our investors.”
The investment structure includes a total equity investment of $11.4 million, with PPR contributing $10.2 million as the primary equity partner. PPR worked alongside Aspen Funds as the General Partner and Petra as Co-GP and on-site property manager.
Chris Cordes, Director, Multifamily Investments at PPR Capital Management, added, “Following our recent success in the Kansas City market, we are excited to expand our presence with Infinity at Plaza West. The property’s historically strong occupancy and prime location, combined with our plotted improvements, align perfectly with our deliberate investment strategy of acquiring well-located assets with significant upside potential.”

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