CHICAGO, IL – Virtú Investments, a multifamily real estate investment firm primarily engaged in the acquisition and management of apartment properties in the western United States, announced it has bought Marlowe, a 176-unit multifamily property in Chicago, IL.
Marlowe is Virtú s first acquisition in Chicago and marks the firm s expansion into key cities beyond its traditional focus of western US markets. Virtú believes Chicago represents significant investment potential based on the city s near-term scarcity of new apartment supply and steady renter demand. The Marlowe acquisition is part of Virtú s broader strategy to capitalize on attractive cyclical pricing in key submarkets with low to no near-term supply.
Marlowe matches our investment strategy of identifying institutional-quality assets in locations with limited residential supply and high demand, said Michael Green, CEO and Founding Partner of Virtú Investments. This acquisition is the result of months of analyzing property trends and market dynamics, and our ability to select properties that take advantage of attractive pricing and significant discounts today s replacement costs, as well as near-term scarcity across key regions of the country.
Marlowe is located in Chicago s premier River North neighborhood, providing residents with simple access to top-rated dining, retail, and entertainment options, as well as nearby major employers. The luxury property offers extensive amenities including a rooftop lap pool, private garage with electric vehicle charging stations, a fitness studio with yoga space, and community lounge with gaming tables and bar.
Virtú bought Marlowe through co-ownership by the Evergreen Fund, the firm s closed-end Opportunity Fund (JVOF), and a single-asset syndication. The Virtú Evergreen Fund is an open-end fund launched in 2015 for generational ownership, long-term compounding, extreme tax efficiency and flexible liquidity, and is designed to take advantage of 1031 Exchanges within the Fund to perpetually defer taxes on gains and cashflow.
Continued Green, The Evergreen Fund provides Virtú with the necessary flexibility to go in and out of markets as cycles shift, allowing us to buy assets like Marlowe in Chicago and reinforcing our ability to invest in new geographies that ultimately align with our long-term investment thesis. We continually review existing and new-to-us regions that show strength across our key underwriting metrics, and the flexibility of the Evergreen Fund allows us to be nimble and take advantage of opportunities nationally across the multifamily space.

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SOUTH BEND, IN – Toll Brothers Campus Living®, a division of Toll Brothers (NYSE: TOL), the nation s leading builder of luxury homes, and joint venture partner HSRE, announce the opening of The 87 in South Bend, Indiana. The 87 is a new off-campus apartment community, featuring 335 apartments and townhomes with 810 beds. The community is located near the campuses of the University of Notre Dame, Holy Cross College, and St. Mary s College and was financed with a $91 million construction loan from Centier Bank. Construction commenced in September 2022 and first occupancy started in August 2024.
The 87 offers today s students a living experience that blends upscale design, luxury amenities, and modern conveniences, said Richard Keyser, Vice President of Acquisitions and Development for Toll Brothers Campus Living. We re delighted to open The 87, which represents our continued commitment to developing student communities that combine the flexibility of off-campus living with proximity to campus life at growing and prestigious colleges and universities.
Designed by KTGY, The 87 features a mix of studio through four-bedroom apartments, along with townhomes. Each residence is fully furnished with modern furniture, 55 smart TVs, and en-suite private bathrooms for every bedroom. The upscale features include stainless steel appliances, in-residence washers and dryers, modern cabinetry, quartz countertops, and keyless entry. Select residences also feature oversized closets and kitchen islands. Garage parking is also available.
Rooted in tradition but dedicated to engaging today s forward-thinking students, The 87 s amenities are designed to nurture academic success and foster connections. Students can work in tech-enabled study lounges with private seating options, meet with friends at the social lounge and coffee bar, and flex their creative muscles in the content creation studio. Sports enthusiasts can catch a game in the All Pro Lounge, with four large-screen TVs, and then hone their skills in the golf and sports simulator. The 2,300 square-foot double-height fitness center features strength and cardio equipment. Outside, residents can delight in multiple courtyards with grills, fire pits, yard games, and hammocks. The community honors the legacy of the nearby University of Notre Dame by incorporating vintage photos and memorabilia throughout the interiors.
Toll Brothers Campus Living brings the signature quality of design, luxury, and service that Toll Brothers is known for to modern student communities, said John McCullough, President of Toll Brothers Apartment Living, the multifamily division of Toll Brothers which oversees its Campus Living division. The 87 brings an elevated approach to student life to South Bend, supporting a well-rounded collegiate lifestyle with the spaces and amenities needed to thrive socially and academically.

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SEATTLE, WA – Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, in partnership with GMC Projects, a Canadian-based real estate developer, announced the groundbreaking Birchway Angle Lake, a new apartment community at 19825 International Boulevard in SeaTac, WA, which Greystar will be the lead developer and builder. The project represents the second transaction capitalized in a strategic venture with Whitman Peterson.
Birchway by Greystar invites residents to delight in comfort in suburban garden-style communities, providing practicality, tranquility, and convenience. Rooted in community, the Birchway brand offers the conveniences of the city without city prices.
“We are extremely proud to bring Birchway Angle Lake to Washington state and SeaTac,” said Aaron Keeler, Managing Director of Development at Greystar. “Focusing on providing new apartments at attainable rent levels, we worked with Whitman Peterson to secure equity financing. We’d also like to thank GMC Projects for their partnership and help in finding a creative deal structure that worked for all partners.”
Birchway Angle Lake will offer 289 apartments in studio, one- and two-bedroom layouts. It will also feature top-notch amenities like a large rooftop deck with views of Puget Sound and Mt. Rainier, a well-equipped gym, coworking areas, creative space, private work pods and a TV lounge.
The community is close to hundreds of thousands of jobs at the expanding SeaTac airport and thriving industrial hubs. The site is conveniently located across the street from the Angle Lake light rail station, connecting the community to cultural, employment, shopping and higher education options in Seattle, Bellevue, and Tacoma. The community also offers simple accessibility to all parts of the region with nearby access to I-5, I-99 and I-90.
Birchway Angle Lake design team included Weinstein A+U Architects, CT Engineers for structural engineering, Karen Kiest for landscape architecture and Lair Design for interior design. GMC Projects bought the site in 2019 and secured the entitlements. Greystar is the project’s vertical venture developer, general contractor and property manager.
Pre-leasing for Birchway Angle Lake is expected to start in early 2026, with the community scheduled for completion in mid-2026.

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