PROVIDENCE, RI – BLVD Communities announces the redevelopment of Braeburn and Chatham Apartments, a 91-unit affordable housing community located in Providence, Rhode Island.
Braeburn and Chatham Apartments consist of 4 locations, all within a 1.5 mile radius – a 21-unit two-tale building, 24 townhomes, a 6-unit three-tale building and a 40-unit three-tale building. The overall unit mix consists of 1, 2 and 3 bedrooms. The townhomes are unique in particular as they are two-tale masonry buildings that were originally constructed circa 1863-1864 by the Wanskuck Company to house company workers. The buildings are considered historic properties that contribute to the Wanskuck Mill Village Historic District, which is listed in the National Register of Historic Places.
All of the site exteriors will be renovated with a new fresh look with the exception of the townhomes which will maintain the existing historic fabric of the buildings. The building systems will be modernized with a focus on increasing energy efficiency. Each resident’s home will be upgraded with new kitchens, bathrooms, flooring, paint and LED lighting. The renovation will also include new amenities such as a business center, dog park, BBQ and picnic areas.
BLVD’s Managing Principal, Robert Budman, states, “It is exciting to kick off our first affordable housing redevelopment in the State of Rhode Island. We are grateful for RIHousing’s help in bringing this project to fruition, and look forward to more projects within the state in the future.”
“Preserving the existing housing stock of affordable rental homes is critically vital for Rhode Island and its residents,” said Carol Ventura, RIHousing’s Executive Director. “The acquisition and rehabilitation of two existing affordable developments will provide residents with both interior and exterior improvements and systems upgrades, while also positively contributing to surrounding neighborhoods. And importantly, the affordability of these rental homes has been extended for another 40 years.”
The redevelopment of Braeburn and Chatham apartments will have a positive impact on the community by preserving its affordability for individuals and families who fall in an income range between 30% and 60% of the area’s median income. All units are covered by a Section 8 Housing Help Program (HAP) contract and the Low-Income Housing Tax Credit (LIHTC) requirements will keep the property available for income eligible residents through 2061.

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DALLAS, TX – Arc Capital Partners announced the sale of Sylvan Thirty Apartments, a 201-unit multifamily property located in the West Dallas submarket, to San Francisco-based Polaris Real Estate Partners. The sale to a national buyer shows the strong demand for well-priced apartments in urban mixed-use neighborhoods and validates the work Arc has done to improve the property and make value.
Sylvan Thirty was built in 2015 and is the first mixed-use retail and multifamily development in the West Dallas submarket. The initial development was a public-private partnership that was partially funded with tax increment financing (TIF) incentives, which provided for 20 percent of the units to be set aside for affordable workforce housing. Consistent with its urban strategy, Arc bought the multifamily part of the development in 2017 in partnership with Belay Investment Group.
Since the acquisition, Arc has made multiple investments to continuously upgrade the property and maintain the strong tenant base. The property is LEED-certified and eco-friendly, offering tenants a full suite of walkable amenities. Sylvan Thirty is especially well loved among younger professionals seeking unique urban living experiences, thanks to the immediate access to walkable retailers, as well as its close proximity to trendy neighborhoods including Bishop Arts District and Trinity Groves. Sylvan Thirty is also just a small drive or rideshare from Downtown Dallas and several major transit routes.
We take fantastic pride in being a catalyst for inspiring greater interest and demand for West Dallas, a reversal of historical disinvestment in this community, said Neville Rhone Jr., Co-Founder and Managing Partner of Arc. The sale of Sylvan Thirty validates our strategy of supporting multicultural, urban mixed-use neighborhoods while delivering an enhanced experience that is both eco-sensitive and workforce affordable.
Sylvan Thirty is a one-of-a-kind mixed-use environment that provides attainably affordable apartments and truly walkable amenities for a multicultural cross-section of young professionals, said Quincy Allen, Co-Founder and Managing Partner of Arc. Our investments in common area and unit upgrades were rewarded by incredible tenant retention and improved demand despite initial pandemic setbacks.
Belay is pleased with the outcome from the sale of Sylvan Thirty, said Eliza Bailey, Managing Principal at Belay Investment Group. We are proud of the hard work and dedication by Arc to improve and position this property, resulting in a notable sale that justifies the increased interest in this neighborhood.
Drew Kile of Institutional Property Advisors (IPA) and his team represented Arc. In a separate transaction, a real estate fund advised by Crow Holdings Capital bought the retail part of Sylvan Thirty.

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LOS ANGELES, CA – MWest Holdings, a Los Angeles-based real estate firm with over 2 million square feet of residential and commercial property across the U.S., announced the sale of The Enclave Apartments, a 306-unit, seven-building multifamily property located at 13801 Paramount Blvd in Paramount, CA for $128.5 million.
Bought in 2019 for $99.3 million, MWest implemented its extensive knowledge in transforming multifamily properties by completing dramatic, multimillion dollar upgrades to the unit interiors, amenity spaces, landscaping, hallways and exterior.
“When we bought The Enclave, we saw an in-demand asset with significant potential to increase revenue through a proven value-add program,” says Karl Slovin, President of MWest Holdings. “Our team implemented a strong renovation and improvement program which has been very well received.”
Comprised of one-, two-, and three-bedroom floor plans, a select number of the property’s unit interiors were fully modernized with quartz countertops, stainless appliances, wood plank-style flooring, contemporary lighting, and new bathroom vanities. Common area amenity and hallway spaces were upgraded to showcase modern design and feature premium equipment, fixtures, and furniture. The Enclave’s distinct amenity package includes two fitness centers, a collaborative co-working space, ample subterranean parking, and a resort-style pool area complete with spa, private cabanas, and an outdoor dining patio. MWest repainted the entire property, providing a striking visual lift to the exterior facade.
The Enclave is the only 50+ unit apartment development in the city of Paramount in the last 30 years and one of only three 200+ unit communities in the market area. Proximity to three major freeways and the Lakewood Green Line metro station provide residents with superior access to various decentralized employment centers throughout Los Angeles and Orange County.

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