HOUSTON, TX – RPM Living Investments has announced the acquisition of San Paloma in the heart of Houston s Energy Corridor, the city s third-largest employment center. The 372-unit garden property was bought from Blackstone/Livcor through a joint venture with DRA Advisors. The transaction is the second joint venture between DRA and RPM in Texas and is RPM s 16th acquisition in greater Houston.
San Paloma presents an incredible opportunity with the community s superb Energy Corridor location, forecasted to maintain its position as one of Houston s strongest submarkets. The community is surrounded by 22MM square feet of office space, high-end infrastructure, and benefits from its location in the path of Houston s western-leaning growth and a limited multifamily construction pipeline.
Built by Sueba in 2006, one of Houston s highest quality builders, San Paloma features an unmatched amenity set, and unique floorplans with an average unit size of over 1,050 square feet that include arched doorways, vaulted ceilings, and built-ins throughout.
San Paloma is an brilliant property that provides tremendous opportunity in one of Houston s premier locations. We are excited to add such a fantastic asset to our portfolio and to capitalize on its maximum potential, says Hank Farrell, Chief Executive Officer of RPM Living Investments.
San Paloma is the perfect addition to grow our successful partnership with RPM. It is a high-quality asset in an A+ location with strong demand in a supply-constrained submarket, and we are excited to do our business plot alongside the RPM team, says Brett Gottlieb, Managing Director of DRA Advisors.

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NEW YORK, NY – Sunrise Senior Living, a leading provider of personalized senior living services, together with partners Hines and Welltower (NYSE: WELL), announced the name of its second luxury senior lifestyle community in New York City, The Apsley.
Located on the vibrant Upper West Side at 2330 Broadway between 84th and 85th Streets, the community will be able to accommodate up to 178 residents and feature 76 helped living and 80 memory care residences designed to support each resident s independence and well-being. From perfectly appointed homes with generous amenities, concierge services and an extensive programming schedule, The Apsley will continue to reinvent the notions of a senior lifestyle in New York City and beyond.
We have always known there is a strong demand for high-quality, elevated senior living in Manhattan, said Denise Falco, Senior Vice President of Operations at Sunrise Senior Living. With the success of our sister property, Sunrise at East 56th, we are confident that The Apsley will serve the needs of New York seniors and their families who hold the Upper West Side neighborhood close to their hearts.
The Apsley is a celebration of the Upper West Side lifestyle – made for New Yorkers with a sophisticated urban pulse who are excited about this new chapter in life. With architecture by SLCE Architects, the building s key features and amenities will include a spa, a care center, landscaped outdoor terraces, a dining bistro, an art studio, a theater, and a library curated by a local bookseller. Interiors were designed by award winning Champalimaud Design, who were inspired by the deep history and vibrant culture of the neighborhood, taking on design notes from pre-war residential buildings such as The Dakota and landmarks such as the Cathedral of Saint John the Divine. Thoughtfully designed residences range from studio to two-bedroom units, and feature design elements that feel both luxurious and comfortable.
The Apsley marks an vital milestone in our New York City portfolio and will offer residents a curated lifestyle tailored to their unique interests and individual needs, said Sarah Hawkins, CEO of Hines East Region. Hines looks forward to delivering a truly unique senior living experience and continuing our partnership with Sunrise and Welltower.
As Sunrise s second community in Manhattan, The Apsley will offer some of the most robust cultural collaborations available in New York City and has already developed partnerships with key community organizations for programming and off-site excursions.
The Upper West Side is one of New York City’s most desirable areas, and we sought out this location to give many lifelong New Yorkers the opportunity to remain in their chosen neighborhood at The Apsley, a modern, technologically advanced community that will cater to their unique lifestyles, said John Olympitis, Senior Vice President, Head of Corporate Development at Welltower.

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BEND, OR – Security Properties bought Sienna Pointe, a 168-unit, Class-B multifamily community located in Bend, OR for $49,500,000. This is Security Properties’ fifth acquisition in the Bend market.
Sienna Pointe is conveniently located on Bend’ seastside just a five-minute drive from Downtown. The property is situated at the base of Bend’s most iconic landmark, Pilot Butte. The 114-acre Pilot Butte State Scenic Viewpoint rises nearly 500 feet above its surroundings and includes a two-mile hiking trail to the summit. More than 750,000 locals and tourists visit Pilot Butte each year.
In recent years Bend has become nationally recognized for the high quality lifestyle it offers. Outdoor enthusiasts frequent the varying bike trails and walking paths, innumerable golf courses, rivers, and proximate ski resorts. Bend also boasts an array of breweries and restaurants, as well as the Hayden Homes Amphitheatre, an outdoor, riverfront venue that hosts a mix of year-round concerts and events. The area has become home to a diverse and ever-expanding business community, anchored by a mix of biomedical companies, regional hospitals, national-scale microbreweries, resorts, and Silicon Valley tech transplants.
The units at Sienna Pointe offer 1- and 2- bedroom floorplans. The units consist of white shaker-style cabinets, stainless steel appliances, laminate countertops, electric fireplaces, private decks or patios, vinyl flooring as well as washer/dryers in select units. From an amenity perspective, the property offers a fitness center, BBQ / picnic area, bike racks, available covered parking, laundry facilities and access to a Pilot Butte trailhead.
The asset represents a value-add investment with moderate upgrade characteristics. SP will be adding cosmetic upgrades to unit interiors as well as enhancing the existing amenity spaces.
Alex Gauper, Acquisitions Director at Security Properties says, “Bend continues to be one of our highest conviction markets due to its compelling combination of affordability and overall quality of life. The addition of Sienna Pointe will combine well with our existing market footprint, and we look forward to executing on our value-add business plot as Bend continues to grow.”

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