ESTERO, FL – ECI Group (ECI) announced the acquisition of Longitude 81 Apartments, a 260-unit, upscale apartment community at 11221 Everblades Parkway in Estero, FL. Built in 2016, Longitude 81 encompasses 11, two-tale apartment buildings on 17.95 acres centrally located in the desirable Village of Estero. The community will be re-branded as Waterline Estero.
“The acquisition of Longitude 81 continues ECI’s strategy of reinvesting capital in our business, in this case, recycled from our recent sale of The Columns at Paxton Lane earlier this spring,” said ECI Chief Acquisition Officer, Scott Levitt. “Southwest Florida is one of the fastest growing regions in the state. Given our expectation for strong continued growth and the fact that there is a material rent differential between Longitude 81 and two similar assets we own nearby, we are excited about the value creation potential at this property, which could include a renovation-upgrade program in the future.” Waterline Estero will be ECI’s third asset in Lee County and the surrounding area.
Longitude 81 residents delight in exceptional access to Lee County’s abundant recreational activities and venues, including Major League Baseball spring training facilities, family-friendly water parks, nature sanctuaries, and nearby white sand beaches. The community is within walking distance of restaurants, shopping areas, and medical facilities and just 12 minutes to Southwest Florida International Airport.
Longitude 81 features upscale studio, one-, two- and three-bedroom townhome-style apartments with private, ground-floor entrances.

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PORTLAND, OR – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Modera Morrison, a luxury mixed-use community situated in ;Portland’s emerging Central Eastside.
The community, which features 247 contemporary apartment homes and nearly 11,000 square feet of ground-level retail space, is located between Southeast Belmont Street and Southeast Morrison Street, two of the primary gateways to nearby downtown Portland. The site boasts a superb Walk Score of 96 and Bike Score of 97, as residents will be surrounded by a variety of local brewpubs, retail outlets, restaurants and employment opportunities. First go-ins are slated for the end of the month.
“The Central Eastside continues to emerge as a preferred living destination thanks to its pedestrian-friendly vibe and charming mix of local attractions,” said Sam Rodriguez, senior managing director of development for Mill Creek Residential. “We look forward to welcoming our first residents to Modera Morrison and are keen to offer a genuinely unique living experience in one of the hippest subdistricts in the country.”
Situated at 1120 SE Morrison Street, Modera Morrison is a seven-tale podium structure that has been built to and is pursuing LEED Silver certification standards. The prime location is within walking distance of the Oregon Convention Center, Moda Center (home of the NBA’s Portland Trail Blazers) and Revolution Hall, a venerable concert venue that features an expansive public dog park. Well loved breweries Cascade Brewing Barrel House and Rogue Eastside Pub highlight the eclectic local scene, and residents will also have expedient access to the recreational opportunities contained within Colonel Summers Park, Laurelhurst Park and the Eastbank Esplanade.
Modera Morrison offers studio, one-, two- and three- bedroom apartment homes with private balconies and den layouts available. Community amenities include co-working space and a coffee bar in the resident lobby, VR gaming lounge, theater room, outdoor rooftop deck with panoramic views, rooftop bistro and mixology lounge, lush courtyards, yoga and Pilates studio and a club-quality fitness studio featuring a TRX system, free weights and cardio equipment. The community also features an onsite pet spa, private garage with controlled-access parking, dedicated bike storage and digital package lockers.
Apartment interiors include nine-foot ceilings, stainless steel Energy Star appliances, quartz countertops, tile backsplashes, heating and air conditioning with programmable thermostats, in-home washers and dryers, smart entry locks and oversized windows for ample natural light. Designer bathrooms feature quartz countertops and backlit mirrors.

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WEST PALM BEACH, FL – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of Locklyn West Palm, a newly developed multifamily community in West Palm Beach, Fla. Comprising 280 units, the community adds to HGI’s growing footprint in South Florida, which now totals more than 3,800 apartment homes across 15 properties.
Locklyn West Palm offers a central location for residents. The community is proximate to nearly 15.5 million square feet of office space, with an additional 2.3 million square feet to be delivered in the next three years. The community is also near major transportation options, including Interstate 95, Highway 98 and the Florida Turnpike, connecting residents to nearby employment and entertainment options in West Palm, Delray, Boca Raton and Palm Beach Gardens.
“As migration to South Florida continues to trend upward, spurring demand for modern apartment housing, Locklyn West Palm offers attractive rent levels compared to other newer, luxury products on the market,” said Yisroel Berg, Chief Investment Officer – Multifamily, HGI. “Harbor Group International will leverage our established and growing operating presence in the region to develop a tailored business plot for this community and seek strong returns on behalf of our investors.”
Built in 2022, Locklyn West Palm is 95% occupied as of June 12, 2023, demonstrating demand for housing in the West Palm market.
Locklyn West Palm is a garden-style community consisting of one-, two- and three-bedroom units. Unit interiors include high-end finishes, full size washers and dryers, walk-in closets and balconies in all units. The property offers a best-in-class amenity package, including a private walking path along a 20-acre lake, a resort-style pool with cabanas, a movie theater, detached garages, a dog park and dog wash station and a game room.
Newmark facilitated the transaction, with Henry Stimler, Bill Weber, Matt Mense and Dan Sarsfield arranging the debt and Avery Klann and Hampton Beebe brokering the sale.

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