JACKSONVILLE, FL – Olympus Property, a leading real estate investment and property management company, has completed the acquisition of Presidium Town Center, a best-in-class 370-unit multifamily property located in Jacksonville, FL. Developed in 2021, this Class A community offers one of the highest-quality living experiences in the heart of the Deerwood Park submarket.
With over a decade of experience owning and managing properties in the region, including more than seven assets comprising 2,500 units, Olympus Property continues to solidify its position as a multifamily leader in the Jacksonville market with the acquisition of Presidium Town Center. Leveraging its deep local knowledge and expertise, Olympus is well-positioned to drive strong operational performance at Presidium Town Center. As a prominent player in the multifamily real estate industry, Olympus Property remains committed to providing residents with exceptional living experiences and delivering strong returns to investors. With extensive experience and a hands-on approach, Olympus currently owns and manages over 31,400 units across 14 states.
Nestled in the vibrant Southside submarket, renowned as one of Jacksonville’s most coveted neighborhoods, Presidium Town Center offers residents convenient access to a wealth of amenities. The area stands as Jacksonville’s premier live/work/play environment, boasting a central location and access to over 7.8 million square feet of retail space. Positioned at the heart of Deerwood Office Park, the region’s largest employment hub, Presidium Town Center provides residents with unrivaled proximity to over 70,000 jobs, as well as esteemed institutions like the University of North Florida and St. Vincent’s Medical Center. Jacksonvillemaintains its status as a thriving migration hub, consistently outpacing national growth for the past two decades. The city’s population growth over the last 12 months positions it among the fastest-growing in the United States. This upward trajectory seems likely to continue, as Jacksonville recently earned the distinction of being ranked the third hottest job market in the nation by The Wall Street Journal.
“We welcome the addition of Presidium Town Center to our growing portfolio,” comments Wade Madden, Chief Operating Officer at Olympus Property. “This acquisition aligns with our commitment to offering residents exceptional living experiences in prime locations. The unmatched access to employment centers, transportation, and entertainment make Presidium Town Center an ideal choice for individuals seeking a thriving community that combines convenience and quality living.”
Presidium Town Center offers premier in-unit and community amenities in the Jacksonville market. Built in 2021, the community features contemporary design elements and high-quality finishes, such as expansive floor plot designs, smart home technology, plank wood-style flooring, stainless steel energy-efficient appliances, quartz countertops, modern tile backsplashes, and full-size washer and dryers. Residents can delight in impressive community amenities, including a zero-edge pool, rooftop lounging deck with a fireplace, ultramodern fitness center, and indoor and outdoor fireplaces.

Powered by WPeMatico

SAN FRANCISCO, CA – BRIDGE Housing, a leading nonprofit developer, owner, and manager of affordable housing for 40 years, has expanded its efforts to address increasingly unaffordable rents in the Bay Area with the acquisition of a multifamily housing community in Daly City. This is the third acquisition of a mixed-income community by BRIDGE in San Mateo County.
BRIDGE bought the 195-unit Eaves Daly City complex from AvalonBay Communities and will preserve at least half of the units in perpetuity for residents earning up to 80% of the Area Median Income. Currently, the units have no income restrictions. This workforce housing typically serves teachers, police officers, healthcare workers, and others who earn too much to qualify for subsidized housing but often cannot afford to live close to their jobs in major metropolitan areas.
The housing crisis demands urgent action, and this latest deal demonstrates our commitment to ensuring predictable, affordable rents and quality housing for working families in one of the country s most expensive markets, said Ken Lombard, BRIDGE President and CEO. It also reflects our choice to accelerate acquisitions to preserve existing workforce housing while continuing our traditional role developing new affordable units for low- and middle-income families. We are grateful to Morgan Stanley and NEF for their partnership.
Morgan Stanley and National Equity Fund (NEF) provided financing as part of an innovative partnership forged last year by BRIDGE Housing CEO Ken Lombard. BRIDGE secured a $250 million funding arrangement to facilitate expansion into acquisitions of multifamily properties. The financing from Morgan Stanley and NEF also enabled BRIDGE s acquisition of two adjacent properties – Terra Linda Manor and Northview – with 125 workforce housing units last year in the Marin County community of San Rafael.
We are proud to work with partners like BRIDGE Housing and Morgan Stanley who share our belief that preserving affordable housing is just as vital as making new homes, especially in markets like San Francisco where the cost of housing continues to rise, said Matt Reilein, president and CEO of National Equity Fund. Through our collective efforts, we are working to make long-term rental affordability more accessible for individuals and families in Eaves Daly City.
BRIDGE will soon start an extensive, multi-year investment of approximately $23 million to improve the apartments and community facilities at Eaves Daly City. Built in 1972, the property includes 11 two- and three-tale buildings on a site encompassing 8.2 acres.
The property consists of studio, one-bedroom, and two-bedroom units with fully equipped kitchens, as well as a pool, fitness center, and spa open to all residents. BRIDGE will assume management of the property from AvalonBay after an eight-month transition period.
Since 1983, BRIDGE has been an innovative leader in affordable housing along the West Coast by making strong communities, improving residents lives, and delivering strong financial returns along with positive social impact. BRIDGE has participated in the development of more than 21,000 affordable units, with a total development cost of $5.2 billion; currently has a portfolio of 13,000 apartments that are home to 30,000 people; and has more than 8,000 units in its development pipeline across California, Oregon, and Washington.
We have a decades-long track record of working with officials at all levels of government, fellow nonprofits, private developers, and financial institutions to strengthen communities through safe, stable and affordable housing, Lombard said. When affordable housing is needed more than ever, BRIDGE has the strategic vision and financial agility to respond quickly to make lasting solutions to this urgent crisis.

Powered by WPeMatico

SAN DIEGO, CA – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, announced the start of leasing at its newest community, Winslow, in San Diego’s University Heights neighborhood.
One of San Diego’s historic streetcar suburbs, University Heights is a charming, intimate neighborhood bordered by Uptown and Mission Valley. Winslow honors the history and character of its location and blends it with the current energy and culture of San Diego. Embracing a bohemian spirit, the 379-home mid-rise community, with 17,818 square feet of retail, infuses creativity and tradition into a contemporary vibe and living experience.
“San Diego is a modern, forward-thinking city, and Winslow incorporates that outlook into a progressive community design while still complementing the rich history of the University Heights neighborhood,” said Dan Ferguson, SVP of Development for Quarterra. “The amenities package caters to the needs of today’s renters and remote workers and puts residents in position to take advantage of the abundance of local opportunities. We’re excited to bring an elevated residential opportunity to this highly-desirable location.”
Minutes from San Diego’s sun-drenched beaches and bustling downtown, and bordering both Hill Crest and Bankers Hill, University Heights is a walkable neighborhood brimming with an eclectic mix of restaurants, coffee shops, boutiques and artist studios lining Park Boulevard. Bars and restaurants to suit every whim are within moments of Winslow, including neighborhood hangouts like Whistle Stop and Live Wire, high-end cocktail lounges like Polite Provisions, ancient-school haunts such as Red Fox Steakhouse and Rudfords, and local favorites Madison and Parkhouse Eatery. Trolley Barn Park serves as the neighborhood playground for families, hosting free concerts throughout the summer, while The Diversionary Theatre puts on inspiring local productions. Just blocks away, the renowned North Park neighborhood is home to Ray Street Arts District and its 30 contemporary art galleries, as well as a well loved monthly art walk. The area’s culinary delights, entertainment options and unique combination of architecture and art deliver incredible cultural diversity.
Winslow, located on the corner of Park and El Cajon at 4353 Park Blvd., offers a commuter-friendly location minutes from the CA-163 and I-805 freeways, providing convenient access to San Diego’s professional hubs and universities. The University Heights, North Park and Hillcrest neighborhoods establish the ideal staging area to explore San Diego landmarks like San Diego Zoo and Balboa Park — one of the largest urban parks in the United States and offers a plethora of recreational activities, cultural attractions, and gorgeous gardens. The setting also positions residents within simple reach of San Diego’s mission-style ancient town and energetic downtown districts. Ocean Beach, Mission Beach, and Coronado – home to the iconic Hotel del Coronado – are all just a small drive away. Winslow also features an underground parking garage for resident vehicles, complete with EV charging.
Winslow, a LEED certified community, offers studio, one- and two-bedroom apartment homes, ranging from 484 to 1,377 square feet. The majority of the 379 homes welcome residents with expansive city views. Contemporary homes are equipped with smart thermostats, USB outlets, quartz countertops, full ceramic tile backsplashes, stainless steel appliances, undermount sinks with designer faucet hardware, and luxury vinyl plank flooring throughout. Spa-style bathrooms feature ceramic tile shower surrounds and bedrooms are designed with expansive closet space.
All residents have access to an entertainment courtyard with rocking lounge chairs, outdoor kitchen, billiard, ping pong and foosball, as well as an active pool and spa courtyard with barbeque grills and hibachi table. A 24-hour fitness center includes a yoga studio, and the co-working lounge features private conference rooms, collaborative workspaces and a coffee bar. Winslow also includes a pet spa and recreation area, bike storage and repair room, and oversized package room with package lockers.
Winslow is Quarterra’s third San Diego community, joining Luma and Shift.

Powered by WPeMatico