HALTOM, TX – Rise48 Equity, a leading multifamily investment group, announced the acquisition of Mosaic Apartments in the DFW area of Texas. This 288-unit complex marks a significant milestone as the company’s 50th acquisition since 2019 and its 10th in the Dallas MSA, further expanding their strong presence in Texas.
Rise48 Equity has plans to revitalize Mosaic Apartments, soon to be rebranded Rise Fossil Creek, with an investment of over $7 million. Property renovations include:
Platinum-level interior upgrades: New shaker doors, quartz countertops, plumbing fixtures, stainless steel appliances, vinyl flooring, and updated lighting.
Transformative exterior: Fresh 3-tone paint, pool area improvements, leasing office & clubhouse upgrades, landscaping enhancements, a new LED-backlit monument sign, and new marketing banners.
Rise48 Equity CEO and Co-Founder, Zach Haptonstall, said “We’re excited to have bought Mosaic Apartments off-market at a fantastic basis. It’s a very strong submarket and a fantastic asset with a lot of upside. We want to thank our investors for partnering with us on this deal, and we will immediately start to do our business plot.”

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BETHESDA, MD – JBG SMITH announced that the Impact Pool, the affordable housing investment platform it manages, has helped make and preserve more than 3,000 units of quality workforce housing across the Washington region since 2020, outpacing its goal to deliver 3,000 units by 2025 and with capital remaining to invest in additional units.
The Impact Pool has surpassed what we set out to achieve – the creation and preservation of affordable homes for thousands of workers in communities throughout the Washington region, and we are proud to have reached our goal ahead of schedule and with additional funds to continue our efforts, said AJ Jackson, EVP of Social Impact Investing at JBG SMITH. This is a moment of celebration and provides impetus to keep going. Investing at scale allows us to have a meaningful impact, and this milestone reinforces our commitment to preventing displacement and preserving affordability in rapidly changing neighborhoods vulnerable to rising housing costs. Consequently, we plot to continue to finance workforce housing through other vehicles even after the Impact Pool s funds have been fully deployed.
The 3,000+ units include: Parkstone Alexandria (Alexandria, VA) 326 units; Crystal House (Arlington, VA) 825 units; Hamilton Manor (Hyattsville, MD) 245 units; Huntwood Courts (Washington, DC) 214 units; Earle Manor (Wheaton, MD) 140 units; The Gale Eckington (Washington, DC) 603 Units; Loree Grand (Washington, DC) 212 units; Falkland Chase (Silver Spring, MD) 268 units; Franklin Apartments (Takoma Park, MD) 185 units.
Launched by JBG SMITH in 2019, the Impact Pool is a key component of the Washington Housing Initiative (WHI) made by JBG SMITH and the Federal City Council. The Impact Pool, managed by a subsidiary of JBG SMITH, leverages private capital to help combat the loss of housing for middle-income families. The Impact Pool works with non-profit and for-profit mission driven sponsors to buy privately owned and unsubsidized housing that s affordable to everyday working households, lock in affordability, invest in the buildings, and operate them using strategies designed to stabilize residents rather than push rents.
The Impact Pool surpassed its goal with the deployment of $6 million in mezzanine financing to Montgomery Housing Partnership (MHP) for the refinancing of Franklin Apartments, a 185-unit age-restricted housing community in Takoma Park, MD. Concurrent with the closing of the Impact Pool s loan, the property obtained a new $26.2 million Freddie Mac loan, provided by Key Bank, along with an extension of an existing $3.75 million soft loan from Montgomery County.
The Franklin Apartments investment is a perfect example of what we sought to accomplish when we made the Impact Pool. Montgomery County is projected to lose up to 11,000 naturally occurring affordable housing units by 2030. Our collaboration with a non-profit owner, dedicated to the property s preservation, will provide residents with the ability to age in-place in a resource rich neighborhood of Montgomery County, commented Jackson.
Located at 7620 Maple Avenue in Takoma Park, MD, the Class B mid-rise Franklin Apartments was built in 1952 and renovated in 2011. The building was bought by MHP in 2022 and is currently managed by Humphrey Management. The property includes 135 parking spots, green community features, a grilling area, and multi-purpose entertainment room and is pet friendly. MHP provides onsite resources to residents including the operation of a food pantry, health and safety seminars, and programming.
MHP is a 501(c)(3) non-profit organization serving more than 4,000 residents of Montgomery County and neighboring communities by providing more than 2,880 quality affordable homes. The organization is committed to housing people, empowering families, and strengthening neighborhoods. Since 1989, MHP s mission has been to preserve and expand access to quality, affordable housing.
The Impact Pool previously partnered with MHP to provide financing for the 140-unit Earle Manor apartments, located in Wheaton, MD.

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CORAOPOLIS, PA – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced its third Ltd.-branded apartment community, Ltd. Findlay, is now preleasing. Located in Coraopolis, PA, Ltd. Findlay is the first property comprised entirely of apartments made in the Modern Living Solutions (“MLS”) factory – Greystar’s modular construction business focused on building off-site, prefabricated modular apartments sustainably and at an attainable price point under Greystar’s dedicated impact housing brand, Ltd. by Greystar.
“Ltd. Findlay is a significant milestone for Greystar and Modern Living Solutions,” Andy Mest, Managing Director of Development, Modern Living Solutions at Greystar, said. “This is our first Ltd. community that is built entirely from modular construction. Each apartment is comprised of two to four modules that are built at the MLS factory in Knox, PA, and then driven to the community site and assembled. This allows us to deliver an attainable product that is also more sustainable due to reduced construction waste.”
Ltd. Findlay offers the simple living experience and amenities that residents expect in a Greystar community, with rents that are lower than typical multifamily housing in the area. The modular construction, combined with cutting-edge technology at the property, deliver an experience that sets Ltd. apart from most of the existing attainable housing supply in the United States. Each Ltd. community and apartment includes property-wide high-speed internet, smart locks, and resident apps that streamline everything from maintenance requests to guest access. Amenities include a community pool and fitness center for residents to delight in.
Ltd. Findlay offers one-, two- and three-bedroom floorplans that range from 662 sq. ft. to 1,373 sq. ft. The community is conveniently located in close proximity to Robert Morris University, Pittsburgh International Airport, Robinson Mall and the headquarters of both FedEx Ground and Dick’s Sporting Goods.
“Our Ltd. brand is Greystar’s solution to the lack of housing supply for the middle of the market,” said Scott Berka, Senior Managing Director, Brand and Customer Experience at Greystar. “Ltd. Findlay is the latest example of our commitment to delivering rental housing that combines the opportunity to live in a professionally managed Greystar community with the promise of limited future rent increases while living in an Ltd.-branded property.”

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