AUSTIN, TX – Palladius Capital Management, a vertically-integrated real estate investment manager with both debt and equity investment strategies, announced the acquisition of nine residential real estate assets with a total capitalization of $579 million, including five multifamily and four student housing communities, totaling more than 2,500 units.
Palladius acquisition strategy focused on investments in opportunistic and value-add residential real estate assets. For multifamily investments, Palladius targeted high-growth markets across the country with strong fundamentals, including positive trends in employment such as job and wage growth, re-urbanization, education, and infrastructure development. For student housing investments, Palladius targeted universities with high application/enrollment growth positioned to take advantage of flagship university spillover.
By strategically investing in residential real estate assets with these qualifications, Palladius expects to generate favorable risk-adjusted returns for its investment partners. Palladius bought the portfolio on behalf of a recently closed Palladius-sponsored private real estate investment fund, which raised approximately $112 million in equity primarily in the private wealth channel.
The successful deployment of this fund speaks to our team s ability to strategically invest throughout various macroeconomic environments, said Marko Velazquez, Senior Managing Director at Palladius Capital Management.
Despite constriction in capital markets activity and transaction volume that sidelined many of our peers, we were able to take advantage of early tailwinds from a trajectory flip in interest rates and leverage our team s deep knowledge of our markets and residential asset classes to buy properties at an attractive basis, said Manish Shah, Senior Managing Director at Palladius Capital Management.
Nitin Chexal, CEO of Palladius Capital, commented: We are pleased with the outcome in a highly challenging environment. We look forward to the continuation of value creation for our institutional and private wealth investment partners and our community tenants.
Palladius investment strategies, focused on making small- and long-term value for its investors, are informed by decades of investment and property-level operating experience as well as deep local market knowledge. The firm s rapid AUM growth since its inception in July 2021 reflects the evolution of its platform, extensive network of relationships, and compelling value proposition.

Powered by WPeMatico

BERKELEY, CA – Gilbane Development Company announced the groundbreaking of Pique, a new purpose-built student housing development located at 2587 Telegraph Ave in Berkeley, CA. Strategically positioned just four blocks from the University of California Berkeley (“UC Berkeley”), the project aims to redefine student living with modern amenities and thoughtful design.
Pique will transform the former Buffalo Exchange store into an eight-tale residential building offering 52 units and 485 beds of purpose-built student housing. Scheduled for completion in summer 2026, the project includes 2,900 square feet of ground-floor retail space, enhancing the vibrant Telegraph Downtown Corridor.
Pique is set to elevate student living with its exceptionally designed unit mix, offering affordable Class A Premium Student Housing (PBSH).
“We are focused on making every inch count with efficiency, privacy, and functionality at the core of the design, driving innovation that caters to the needs of Berkeley students at an affordable price point,” said Christian Cerria Development Director at Gilbane Development Company. “Pique is the first student housing project in our portfolio to offer 100% of the units with balconies, bedroom/bathroom parity, bed/vanity parity, and split bathrooms that make an environment promoting privacy and mental well-being.”
The remarkable array of amenities is meticulously crafted for Berkeley students, providing an unparalleled blend of luxury and practicality. These include an indoor/outdoor yoga/fitness center, an outdoor study space, a cabana area, and two rooftop decks, one west-facing capturing stunning unobstructed views of the Bay Area for lively socializing while the other east-facing to make distinct spaces for serene contemplations. The project also includes a ground-floor coworking lounge, smart food lockers, private study pods on each floor, and comprehensive bike/scooter storage & charging stations to encourage eco-friendly transportation choices.
Inside the units, students will learn a suite of sophisticated conveniences that cater to their lifestyle needs. Each unit is equipped with stainless steel appliances and in-unit Laundry. Some larger 5- and 6-bedroom units are outfitted with dual washer and dryer sets and double pantries. In-home amenities such as key fob access, vinyl plank floors, stone countertops, flat-screen TVs, functional furniture, and doorbells, ensure a modern and secure living space. The commitment to fostering a connected community is further highlighted by the Community Terrace on Level 3, a specially designed space for relaxation and social engagement, enhancing the communal experience for residents.
“The groundbreaking of Pique marks a significant milestone for Gilbane Development Company and the Berkeley community,” said Katy Moore, Director of Leasing at Gilbane Development Company. “This development is not just about meeting the growing demand for student housing; it’s about fostering a sense of community and belonging among students and guests. We’re committed to making spaces that not only contribute to the vibrancy of Berkeley’s downtown area but also support the well-being and interconnectedness of its people within the community.”
UC Berkeley, ranked #1 public university in the US by Forbes, faces a critical shortage of on-campus housing. Gilbane Development Company aims to develop dynamic communities that support students’ academic and social needs, contributing to their overall success and well-being.

Powered by WPeMatico

BOULDER, CO – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Heritage on Hover, a 324-unit Class A multifamily community in the Boulder suburb of Longmont. Construction is expected to be completed in winter 2026.
“Longmont and the surrounding Boulder area have become a magnet for growth, attracting a thriving population and some of the nation’s fastest-growing private companies,” said Josh Purvis, managing partner for Thompson Thrift Residential. “With a strong economy, low unemployment, and a highly educated workforce, the demand for quality housing options continues to rise. Heritage on Hover will deliver a modern and luxurious rental experience, providing residents with the style, comfort, and convenience that Thompson Thrift communities are known for.”
Located near the intersection of Mountain Brook Dr. and S Hover St., Heritage on Hover will feature three-tale buildings with one-, two- and three-bedroom layouts averaging nearly 1,000 square feet. Thompson Thrift apartment homes include premium interior finishes, including quartz countertops, stainless steel appliances, side-by-side refrigerators, full-size washers and dryers, large walk-in closets and multiple smart home capabilities. Additionally, select homes will feature cabinetry with soft-close doors, a deluxe closet system with shelving, premium lighting, a dry bar and advanced smart home capabilities. Private patios, balconies, yards and detached garage options will also be available.
Resort-style living will continue throughout the community with signature amenities, including an outdoor entertainment kitchen and grilling areas, a fully equipped 24-hour fitness center, a resort-style heated swimming pool and spa, electric firepits with seating areas, a billiards and shuffleboard area, a dog park, bike storage and a Starbucks™ coffee bar. Residents working from home will delight in the convenience of focus suites and community-wide Wi-Fi. An on-site service team, valet trash service and a user-friendly mobile app will also be available.
Heritage on Hover will provide residents with walkable access to a Target-anchored retail center and presents a fantastic opportunity for workforce travel via nearby I-25 to employment hubs in Boulder, Fort Collins and Denver.
According to a recent Smart Asset ranking, Longmont was ranked the #1 “Boomtown in America.” Boulder County, where Longmont is located, is one of the most educated counties in the country and is home to several advanced technology companies that specialize in cutting-edge research and development. Companies like IBM, Google, Microsoft, Oracle, Intel, Seagate, Xilinx, Lockheed Martin, Ball Aerospace, Sierra Nevada, and others populate the regional landscape.
Equity for the development was provided by Thompson Thrift 2024 Multifamily Development Fund, LP.
Thompson Thrift has been active in Colorado for 11 years and has developed over 4,700 units in the state, which currently includes 11 communities between Fort Collins and Colorado Springs.
Thompson Thrift is a full-service real estate development company focused on ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. Since its founding nearly 40 years ago, Thompson Thrift has invested more than $6 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily and commercial communities.

Powered by WPeMatico