CHANDLER, AZ – Olympus Property announced the acquisition of Alta Chandler at the Park, a prominent residential community situated in Chandler, Arizona. As a premier community, Alta Chandler at the Park offers residents access to luxury living and unparalleled career opportunities. With 291 units, this four-tale, mid-rise community represents a significant addition to Olympus Property’s portfolio, furthering the company’s mission to invest in top-tier properties in thriving markets.
Olympus Property currently oversees a portfolio of approximately 31,000 units across various markets. This acquisition further strengthens the company’s multifamily portfolio of approximately 5,500 Class A units in the Phoenix metropolitan statistical area (MSA) and aligns with Olympus Property’s commitment to providing residents with high-quality living experiences in attractive submarkets.
“Alta Chandler at the Park offers a generational opportunity to buy high quality real estate in one of Arizona’s most dynamic submarkets. This addition underscores our commitment to investing in newly constructed high-quality assets located in submarkets with strong employment and economic tailwinds. We look forward to leveraging our experience and resources to enhance the resident experience and contribute to the continued growth of the Chandler community,” notes Wade Madden, Chief Executive Officer at Olympus Property.
Alta Chandler at the Park is situated adjacent to the area’s premier economic hub, the Price Corridor. In turn, the property benefits from its proximity to robust industries such as high-tech manufacturing, aerospace, information technology, finance, and advanced business services. With over 44,400 jobs and industry leaders like Wells Fargo, Bank of America, Dignity Health, and Northrop Grumman, the Price Corridor serves as the focal point for high-profile business operations in Chandler. Moreover, the property is strategically positioned to capitalize on Chandler’s ongoing economic growth, illustrated by significant investments from blue-chip companies like Intel. Intel’s recent $20 billion expansion of their Ocotillo campus, the largest private-sector investment in Arizona’s history, is expected to generate thousands of tech and construction jobs, solidifying the city’s status as a thriving economic hub.
Alta Chandler at the Park sets the standard for refined living with a range of top-tier amenities. From the convenience of the UrBo! Bodega Convenience market to the modern fitness center, speakeasy lounge, open concept club room, micro-offices, and rooftop lounge, the property caters to modern lifestyle needs. Additionally, the apartment interiors feature nine-foot ceilings, spacious kitchen islands, stainless steel appliances with gas cooktop ranges, and illuminated bathroom mirrors, ensuring a comfortable and stylish residential experience.

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PITTSBURGH, PA – BAM Capital, alongside development partner Milhaus, proudly introduces Nox, a transformative Class A+ multifamily community project set in the burgeoning area of Robinson Township, Pittsburgh, PA. This strategic collaboration marks a significant milestone in offering sophisticated living spaces and investment opportunities in one of the most dynamic and economically vibrant regions of the United States.
BAM Capital has a legacy of excellence in real estate investment. Founded on a commitment to integrity, innovation, and excellence, BAM Capital has established itself as a leader in the multifamily real estate sector. With a keen eye for emerging market trends and an unyielding dedication to maximizing investor returns, BAM Capital has successfully managed properties that resonate with the modern resident while offering substantial value to its investment partners.
Milhaus, a premier real estate development and management company, brings its expertise in making high-quality, sustainable urban housing solutions. Known for its innovative approach to design and community building, Milhaus has been instrumental in transforming neighborhoods into vibrant, desirable places to live. Their partnership with BAM Capital in developing Nox underscores a shared vision for excellence and a commitment to positively impacting the communities they serve.
Introducing Nox, a new standard of living. Nox represents the pinnacle of urban living, offering residents a unique blend of luxury, convenience, and connectivity. Situated in Robinson Township, an area known for its robust retail environment and close proximity to downtown Pittsburgh, Nox promises an unmatched living experience. The development is designed to meet the needs of a diverse demographic, from young professionals to families, offering a mix of studio, one, and two-bedroom units, each outfitted with high-end finishes and state-of-the-art amenities.
The Nox development project, a strategic investment initiative by BAM Capital, is poised for a significant impact on the Robinson Township, Pittsburgh, PA, landscape over a concise investment horizon of 3 years. The development is scheduled to commence construction in July 2024, with the first units earmarked for delivery by October 2025 and completion anticipated by November 2026.
This strategic venture not only highlights BAM Capital’s commitment to delivering superior risk-adjusted returns but also underscores the firm’s adeptness at navigating the multifamily community development landscape.
“BAM Capital remains highly selective and opportunistic in its ongoing endeavor to be the most trusted steward of investor capital,” notes Ivan Barratt, Founder and CEO of BAM Capital. “The Nox project is another fantastic example of how, through key relationships and a disciplined approach, we are able to democratize access to institutional-quality assets for our valued partners,” adds Barratt.

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PORTLAND, OR – JLL Income Property Trust, an institutionally-managed daily NAV REIT with approximately $7 billion in portfolio equity and debt investment, announced the acquisition of Creekview Crossing, a class-A 183-unit apartment community located in the suburban Portland market of Sherwood, OR. The buy price was approximately $61 million and includes the assumption of an in-place $26 million mortgage loan, which has an attractive below-market interest rate of 3.09%.
“Supported by strong fundamentals and demographic tailwinds, the residential sector is one of our highest conviction property sectors, producing inflation-hedging rental growth that we believe will be a stable and growing source of income for our stockholders,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “Creekview Crossing’s desirable location in an affluent suburban area with high barriers to entry make this acquisition an outstanding addition to our already substantial residential portfolio allocation of more than $2.7 billion of apartment communities and single-family rentals.”
“This is an extremely attractive investing environment,” continued Swaringen. “While property fundamentals in real estate remain strong, valuations are at a more attractive entry point that should produce long-term value for our portfolio, as signs are pointing to the start of a new market cycle.”
Constructed in 2009, Creekview Crossing offers spacious garden-style and townhome features with outstanding amenities designed to appeal to residents of the upscale suburban area of Sherwood. Located approximately 12 miles from downtown Portland, Sherwood is home to a diverse base of economic drivers, including advanced manufacturing, healthcare and business services. Sherwood has also seen strong population growth, attributable to its connectivity to the greater Portland metro area, proximity to the region’s employer base, and limited rental alternatives. In fact, there has only been one apartment community built in the area since 2010, making strong demand for existing rental options like Creekview Crossing. The highly regarded Sherwood School District also attracts many residents, with a ranking of fourth out of 160 school districts in Oregon.
For these reasons, suburban Portland is considered an overweight apartment market by LaSalle Research & Strategy’s target market analysis. Additionally, Oregon’s Urban Growth Boundary restricts urban sprawl and limits new competitive development – an advantage to existing owners of properties.
“Our unique UPREIT structure along with our diversified portfolio and daily valuation were attractive to a part of the selling group who chose to contribute this property in exchange for interests in our operating partnership rather than selling for cash,” said Swaringen. “This provided half of the ownership group a tax efficient sale with the benefit of long-term estate plotting while allowing JLL Income Property Trust to make a strategic acquisition with a significantly reduced cash outlay.”
Swaringen added: “Our ability to provide customized outcomes for property sellers gives us a strong advantage as buyers in the current marketplace. Further, as an attractive borrower in this challenged lending environment, working through the assumption of this below-market loan should benefit our stockholders for the remaining 31-year life of the loan.”
This investment brings JLL Income Property Trust’s aggregate residential allocation to more than $2.7 billion, or 42 percent of the portfolio, comprised of 28 apartment communities and more than 4,400 single-family rental homes.

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