ATLANTA, GA – RPM Living Investments announces the acquisition of Brentwood Downs, a 408-unit garden-style community in Lilburn, Georgia, a suburb of Atlanta experiencing high demand amongst apartment dwellers. The acquisition marks the sixth asset bought by the RPM Multifamily Fund I that launched last year.
Situated northeast of Atlanta s central business district, Brentwood Downs has experienced immense organic rental growth with rates increasing more than 18% over the last year. Located at 500 Pleasant Hill Rd NW, the community boasts spacious units at an average of 1,070 square feet, an attractive feature for those escaping the city and seeking more space.
Brentwood Downs rent rate increase is reflective of Atlanta s overall demand for suburban housing. Gwinnett County, where Brentwood Downs is located, seems to be experiencing it the most with an over 8% YOY growth in employment. The demand is due to rising rents inside the Atlanta loop, which is partly caused by a surge in population growth and supply shortage. This coupled with the rise in remote work has further increased demand for rental housing in the suburbs, where residents are able to choose space over office proximity.
The suburbs of Atlanta continue to see growth as residents leave the city center for more space. The strategic acquisition of Brentwood Down builds on our plans to further expand our national presence in growing markets, says Josh Kahn, Chief Operating Officer, RPM Living Investments.
RPM sourced Brentwood Downs through a direct, off-market relationship with the seller who has owned the community since 2007. The acquisition was financed by First Horizon Banks and adds to RPM s growing footprint in Atlanta and the Southeast region.

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LAKELAND, FL -Blue Roc Premier Properties LLC recently bought management control for three apartment properties in Fort Myers, adding to the company s growing property management portfolio throughout Florida.
The properties were part of a $152 million recapitalization deal in April between the principals of Blue Roc Premier and Osso Capital, with Blue Roc being appointed the controlling property manager for all 800 units.
This portfolio opportunity allows us to increase our exposure in the Southwest Florida multi-family marketplace and gives us economies of scale to expand our footprint in this highly competitive region of Florida, said Randy Ferreira, owner and CEO of Blue Roc Premier Properties.
The three properties — The Park at Murano, Park at Positano and Park at Veneto — are scheduled for major exterior and interior updates as part of the ownership change. Interior renovations will include granite countertops, stainless steel appliances, a new IT package and more. Exterior updates will also be added to reflect the Blue Roc Premier brand and will include new exterior paint colors, new roofs, updated amenities such as the clubhouses and pool areas, new EV charging stations and more.
Blue Roc Premier and its affiliates manage more than 15,000 multi-family units across the Southeastern U.S., with a significant footprint throughout Florida, particularly along the I-4 corridor between Tampa Bay and Orlando. Blue Roc is continually searching for new multi-family opportunities, and the addition of these assets allows the company and its partners a strategic foothold in the Southwest Florida market.

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CHARLOTTE, NC – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera LoSo, a luxury apartment community located in Lower South End.
The midrise community, which will feature 351 apartment homes, will be located within walking distance of the LYNX Blue Line Scaleybark Station and an abundance of office, retail and well loved entertainment destinations. First go-ins are anticipated for late 2024.
“LoSo has quickly become one of the most attractive submarkets in Charlotte, and brisk demand for quality housing is following suit,” said Alex Eyssen, senior managing director for Mill Creek Residential. “With its thoughtful design and attention to detail, we believe Modera LoSo will quickly become one of the most desirable living options in the market. We’re keen to get started on this unique development and excited to become a part of the neighborhood.”
Situated at 3405 South Tryon Street near Clanton Road, the community has unparalleled connectivity to South End, Uptown and Interstate 77. Within Lower South End, future residents will have access to a growing contingent of craft breweries, eclectic coffee shops and a wide variety of restaurants. The neighborhood is adjacent so South End and three miles south of Uptown Charlotte, putting an abundance of additional employment and entertainment options within a small commute.
Modera LoSo is seeking NGBS Green certification at the Silver level, and will offer studio, one-, two- and three-bedroom homes with a sizable average square footage of 950 and various layouts available. Community amenities will include a club-quality fitness center, multiple clubrooms, resort-style pool, four distinct outdoor courtyards, sky lounge overlooking the Uptown skyline and a secured parking garage with electric vehicle charging stations.
Apartment interiors will include a choice of designer kitchen finishes, stainless steel appliances, quartz countertops, tile backsplashes, hardwood-inspired flooring, upgraded fixtures and cabinet pulls, designer lighting, keyless entry system, spacious bedrooms and oversized chef-inspired kitchen islands. The community will also offer ample private storage, shared co-working areas, private furnished offices and community-wide WiFi.
Modera LoSo will mark Mill Creek’s second ground-up multifamily development in Charlotte and third multifamily community overall. It will join Alister Uptown, a boutique community located at 810 E. 7th Street, and Modera SouthPark, which will welcome its first residents in 2024.

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