SACHSE, TX – 37th Parallel Properties, a multifamily real estate investment firm, announced the acquisition of Woodbridge Villas, a 222-unit, 2002-built community in Sachse, Texas. The off-market acquisition is the firm’s latest investment in the Dallas-Fort Worth metro and expands its institutional-quality portfolio across the South and Southeast.
“Woodbridge Villas is the type of asset and submarket we have consistently pursued throughout our history,” said Dan Chamberlain, Managing Partner. “Sachse is an affluent, supply-constrained pocket of northeast Dallas with a median household income of approximately $117,000, top-rated schools, and a crime rate roughly half the Texas average. Those characteristics drive long-term, family-oriented demand. Submarket homeownership costs drive a durable rent-versus-own affordability buffer, which also supports occupancy and pricing power.”
The submarket benefits from a near-zero forward supply pipeline, with only one project under construction and none currently proposed within a seven-mile radius of the property. Limited entitled land, adjacency to established single-family neighborhoods, and political resistance to density collectively raise the barriers to new development, supporting steady occupancy and sustained rent growth.
Situated on 10.5 acres, Woodbridge Villas features a mix of one-, two-, and three-bedroom units averaging 875 square feet across 11 residential buildings. Apartment and community amenities include nine-foot ceilings, private patios and balconies, attached and direct-access garages, a resort-style swimming pool, fitness center, clubhouse, business center, outdoor grilling and lounge areas, and a pet park.
Darci Poole, Transaction Manager, said, “Woodbridge Villas brings together the elements we prioritize most: an institutional-quality, low-density asset in a desirable suburban submarket with strong demographics and a constrained supply backdrop. Sourcing the transaction on an off-market basis allowed us to buy below appraisal, comps, and replacement costs, all with conservative underwriting assumptions.”
The acquisition is supported by low-leverage, Freddie Mac financing arranged by Cutt Ableson and Patrick Hickey at Berkadia. Structured at a fixed rate with a full-term interest-only period, the capitalization is designed to enhance current cash flow, limit refinance risk, and provide downside protection across a range of interest-rate and macroeconomic scenarios. The property will be managed on site by RPM Living, a top-five U.S. property management company.
Woodbridge Villas represents the final investment from 37th Parallel’s second fund, 37P – Fund II, an income and equity growth vehicle that employs a similar strategy as Fund I, targeting value-add and core-plus multifamily real estate in growth markets across the Southeast and Texas. With this acquisition, Fund II now holds diversified investments in Charlotte, Austin, Atlanta, and Dallas.
“In an environment where capital discipline and market selection matter more than ever, Woodbridge Villas reflects our continued focus on acquiring institutional-grade, well-located assets in growth submarkets with durable demand and limited supply,” said Chad Doty, Managing Partner. “We look forward to delivering an attractive tax-advantaged investment to our investor family on this project.”

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FORT COLLINS, CO – Livmark Communities celebrated the official groundbreaking of The Collins Apartments at Union Park, a new 457-unit luxury rental community coming to Fort Collins. The ceremony marks the start of construction on a community designed to combine modern, high-end living with an active, amenity-rich lifestyle in one of Fort Collins’ most desirable growth corridors.
“Every choice at The Collins, from unit design to the park & amenity spaces, started with the same question: would we want to live here?” said Chris Beabout, Managing Partner at Livmark Communities. “As a local Northern Colorado company, we see Union Park as part of our long-term commitment to Fort Collins and the result of years of plotting. The Collins sets the tone for the kind of project Fort Collins needs — thoughtfully designed, connected to where people work & play, and built to last.”
Once complete, The Collins will offer 457 residences: , 233 one-bedrooms (605–906 sq. ft.), 160 two-bedrooms (1,012–1,294 sq. ft.), and 64 three-bedrooms (1,294-1,460 sq. ft.). Units will feature quartz countertops, balconies, 36″ bathtubs, kitchen islands, ceiling fans, full-size washer/dryers, walk-in closets, luxury vinyl plank flooring, and smart thermostats and locks.
The community will include a clubhouse, fitness room with yoga studio, sauna, golf simulator, an expansive pool and hot tub with cabanas, a turf lounge area with cornhole, rooftop decks facing the mountains, controlled access, locked bike storage, elevators, community-wide gig-speed WiFi, and garages with EV charging. The all-electric design will include solar panels, and residents will have simple access to nearby parks and trails.
The Collins is located in Fort Collins’ Union Park neighborhood, right off Ziegler Road and Harmony Road in Midtown Fort Collins. Residents are just minutes from Front Range Village, a premier shopping center featuring a wide mix of retail, grocery, and dining options — from everyday essentials to sit-down restaurants and coffee shops. The location also offers simple access to the Harmony Road employment corridor, a quick drive to Colorado State University, and convenient access to I-25 for commuting throughout Northern Colorado. First units are expected to deliver in Spring/Summer 2027.

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CHARLOTTE, NC – Preiss, a national student housing and multifamily owner, developer, and operator, announced it has been awarded property management of The Mill and The Union, two student housing communities near the University of North Carolina at Charlotte.
Preiss secured the management contract following the acquisition of both assets by New York-based Triangle Capital Group. The agreement marks Preiss’ strategic re-entry into the Charlotte market, expanding its managed portfolio by 569 beds across 230 units.
The properties are as follows: The Mill: Located just east of UNC Charlotte, features 386 beds across 131 units in 2×2, 3×3, and 4×4 floor plans. The Union: Located adjacent to campus; features 183 beds across 99 units in studio, 2×2, and 3×3 floor plans.
Ownership plans to invest approximately $5 million in capital improvements across both properties to modernize the communities and elevate the overall resident experience.
Plotted upgrades include:

Complete overhaul of both property clubhouses and amenity spaces
Comprehensive interior unit renovations
Integration of smart home technology
Resolution of deferred maintenance items
Full brand transformations for both communities

“We’re thrilled to be back in the thriving Charlotte student housing market with these two standout communities,” said Mike Kivitz, Director of Strategic Partnerships at Preiss. “Our immediate priority is enhancing the daily living experience for our residents, while working hand-in-hand with Triangle Capital Group to do their long-term vision for both properties.”

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