DALLAS, TX – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Ardan community in Dallas, TX. Built in 2018, the Class A, 389-unit high-rise community is located in the desirable West Village neighborhood of Uptown Dallas.
Knightvest plans to implement a comprehensive value-add renovation program at Ardan, investing significant capital to modernize the large indoor amenity space, including a full upgrade of the clubhouse, fitness center, and pool area to better compete with newer luxury product in the submarket. A select number of units will also be renovated to a premium end level, complemented by enhancements to common areas, landscaping, and technology offerings such as smart home features and bulk Wi-Fi. Together, these improvements are designed to elevate the resident experience and firmly position Ardan within the top tier of the Uptown Dallas market.
“At Ardan in Uptown, we are genuinely excited to continue our strategy of acquiring premier institutional-quality properties at deep discounts to replacement cost. These opportunities allow us to deliver exceptional value to our investors while positioning high-quality assets for long-term growth and outperformance in a recovering market,” said David Moore, Knightvest founder and CEO.
Situated in one of Dallas’ most affluent and walkable neighborhoods, Ardan provides residents with immediate access to Uptown, Downtown, Knox/Henderson, and the Katy Trail. The acquisition further deepens Knightvest’s footprint in Dallas’ urban core, positioning the firm to drive performance through concentrated market knowledge and a proven track record of execution.

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ST PETERSBURG, FL – National multifamily developer Wood Partners officially closed on Alta Roosevelt in St. Petersburg, Florida. The centrally located 381-unit multifamily community is slated to break ground in May and deliver in April 2028.
Alta Roosevelt was entitled through the City of St. Petersburg’s affordable housing code and Florida’s Live Local Act, which allows for multifamily development on sites not originally zoned for residential use. As part of the project, 40% of the units will be reserved for residents earning at or below 120% of the area median income, helping meet demand for attainable housing in the market. The development will involve demolishing the existing office building, while the structured parking garage will be retained and upgraded to serve future residents.
“We’re looking forward to partnering with the City to deliver much-needed, high-quality attainable housing to the area,” said Tyler Hurd, managing director at Wood Partners. “There’s strong demand in St. Petersburg, and this project not only provides modern living options, but also makes spaces that help residents connect with the broader community.”
Alta Roosevelt is situated on 11.56 acres along Roosevelt Boulevard in the Gateway district, just 10 minutes north of downtown St. Petersburg, offering convenient access to major employment hubs and surrounding neighborhoods. Additionally, the site directly abuts the Power Design headquarters campus, a prominent Tampa Bay–based company, which includes a publicly accessible park and trail system, and is located near the Raymond James and Jabil office campuses, two of the region’s largest employers.
The five-tale community will feature a mix of one-, two- and three-bedroom apartment layouts. Amenities include a resort-style pool, grilling stations, garden pavilions, a state-of-the-art fitness center and a wellness-focused spa area with a cold plunge and sauna. Residents will also have access to a clubhouse with co-working spaces, a game room, lounges and a golf simulator.

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FORT WORTH, TX – Olympus Property bought Ascend by the Sea, a newly constructed 216-unit Class A luxury apartment community located in Millville, Delaware—along Southern Delaware’s well loved Beaches corridor.
This marks Olympus’ first asset in the Mid-Atlantic region and a strategic step in the firm’s continued expansion into one of the East Coast’s fastest-growing coastal markets, where limited supply, strong population growth, and a diverse set of economic drivers support long-term multifamily performance.
“In recent years, the Mid-Atlantic, due to its stable apartment economics and leading employment markets, emerged as an expansion target for the Olympus portfolio,” said Eduardo Miranda, Director of Investments at Olympus Property. “The acquisition of Ascend by the Sea reflects our broader strategy of targeting submarkets with favorable supply/demand fundamentals and strong population growth. Sussex County in southern Delaware alone has seen over forty percent population growth since 2010. With these dynamics, we see this as an ideal setting to drive performance and achieve long-term value for our investors.”
Tailored to a growing population, the garden-style community offers spacious floorplans and access to prominent employers within the market, such as Beebe Healthcare, TidalHealth and Perdue. The property lies just four miles from Bethany Beach, which, combined with the rest of the Delaware Beaches corridor, generates seven billion dollars in annual economic activity.
Olympus Property focuses on acquiring assets in markets with limited new supply and strong demand. The firm has self-managed its properties for nearly 35 years and will leverage this experience to deliver strong returns for investors and brilliant service for residents.

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