PALM BEACH GARDENS, FL – Aventine Development and Seawood Builders celebrated the groundbreaking on Phase I of Arbor House, a refined new residential community designed to pair timeless sophistication with an simple, connected way of living.
Arbor House is a luxury multi-family development with 13 tales and 302 units, offering a mix of studio to three-bedroom apartments. An attached garage with 480 parking spaces complements amenities, including a 7,000-square-foot deck on the eighth floor featuring a wellness center, state-of-the-art fitness center, golf simulator, cold plunge, sauna, resort-style pool, and a ground-floor work-from-home lounge.
“High-rise luxury rental apartment living is something new and different for Palm Beach Gardens,” said Ed Masi, President/CEO of Seawood Builders. “Arbor House will meet the high demand for new Class-A multifamily residential during a time where there is clearly a shortage. Its prime location is convenient to well loved retail outlets, including Trader Joe’s and Whole Foods, and will be a magnet for young professionals and their families.”
“Arbor House is part of a broader master plot that includes replacing outdated developments with new, modern uses,” added Bill Spruce, Cofounder/Managing Partner of Aventine Development. “Palm Beach Gardens is becoming a luxury market for living. By transforming an aging office park into a vibrant luxury living environment, we are part of the movement that already includes The Ritz-Carlton Residences, Palm Beach Gardens, opening later this year.”
“Arbor House is an vital project for the City of Palm Beach Gardens,” stated Mayor Marcie Tinsley. “There is a strong, cooperative spirit between the City and our development partners to address the need for high-quality developments while also helping to spur interest in a rail station within PGA Station, a mixed-use development within our Transit-Oriented District that will serve our community.”
“Today’s celebration includes a ceremonial tree planting—a lasting symbol of Arbor House and the natural spirit of Palm Beach Gardens,” clarified Alexandra Masi, Director of Marketing and Communications, Seawood Builders. “It will be preserved and placed on-site as construction progresses.”
Phase II of Arbor House will include a second 13-tale tower and attached garage offering 318 apartments for a total of 620 units when both projects are completed.

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SAN DIEGO, CA – Properties, a San Diego-based multifamily real estate investment firm, announced the acquisition of Dylan Point Loma Apartments, a multifamily community located in the highly sought-after Point Loma neighborhood of San Diego.
Dylan Point Loma is situated in one of San Diego’s most desirable coastal submarkets, offering residents convenient access to major employment centers, beaches, dining, and entertainment. The community features oversized floorplans averaging 1,134 square feet and garages for each unit. The acquisition aligns with MG Properties’ long-term strategy of investing in high-quality apartment communities in strong West Coast markets.
“This acquisition represents a compelling opportunity to expand our footprint in San Diego, a submarket where our business first started,” said Jeff Gleiberman, President of MG Properties. “Dylan Point Loma is well positioned to benefit from the area’s strong fundamentals, and we look forward to enhancing the community while continuing to deliver an exceptional living experience for residents.”
MG Properties plans to implement targeted capital improvements and operational enhancements designed to further elevate the property while preserving its neighborhood character.
The transaction underscores MG Properties’ continued expertise in the San Diego multifamily market and its commitment to long-term ownership of well-located communities.
MG Properties is a privately owned, fully integrated real estate company specializing in the investment, redevelopment, and management of multi-family assets. MG’s current portfolio is comprised of over 32,000 rental homes in California, Washington, Arizona, Nevada, Colorado, Texas, and Oregon, across 115 communities.

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LOS ANGELES, CA – Bascom Northwest Ventures announced the sale of Tempo at Riverpark Apartments. The 235-unit property was sold by a Bascom affiliated venture for $105,000,000 to a venture led by Hines. Tempo at Riverpark is located less than a mile from the Pacific Ocean in Oxnard, California and just outside Los Angeles.
Bascom Value Added Apartment Investors Fund IV (“Fund IV”), an affiliate of The Bascom Group, LLC, and a private investment group led by Bascom Northwest bought property for $75,250,000 in 2018. Brian Wirtz, Managing Director of Bascom Northwest, helped throughout the investment execution process.
Oxnard is less than an hour’s drive from Downtown Los Angeles and only minutes’ drive to the Pacific Ocean. Located between Thousand Oaks and Ventura, Oxnard has established itself as a premier upscale coastal beach town in Ventura County. With its pristine beaches, unbeatable weather, charming Channel Islands Harbor, and captivating Victorian-era architecture, Oxnard offers a diverse range of breathtaking sights that span from the ocean to the mountains.
Tempo at Riverpark is a 235-unit apartment community located in Oxnard, California. This class “A” suburban multifamily community spans approximately 6.14 acres, offers spacious floor plans averaging 955 square feet, and is accompanied by luxurious interior finishes such as in-unit laundry, stainless steel appliances, custom sliding barn doors, large bedrooms with spacious open floor plans, balconies or patios, and much more. Amenities include an outdoor pool and spa, poolside cabanas, outdoor BBQ area, and fireplace, 24/7 fitness center, yoga/spinning room, and attached garages.
The rental community is located adjacent to The Collection at RiverPark, with a California Coastal blend of retail stores, restaurants, cafes, grocery, and outdoor spaces anchored by Whole Foods Market, REI, 16-screen Cinemark movie theater, Bowlero and over 30 food and beverage options. Tempo at Riverpark was developed and constructed by the Wolff Company in 2015. It consists of 105 one-bedroom one bath units at 804 square feet, 118 two-bedroom two bath units at 1,036-1,065 square feet, and 12 three-bedroom two bath units at 1,270 square feet.
This combination of Oxnard’s intrinsics and property upgrades totaling $1 million set the stage for a successful investment execution by Bascom Northwest. Apartment Management Consultants (“AMC”) managed the community for Bascom over the holding period. Both parties were represented in the sale by Blake Rogers, Alex Caniglia, and Kip Malo at JLL.

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