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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RALEIGH, NC – Wood Partners, a national leader in multifamily real estate development, announced the groundbreaking of its newest luxury residential community, Alta Vale, located in Raleigh, North Carolina. The community is scheduled to open in March 2023 with pre-leasing expected to start in early 2023.
“Wood Partners is excited to officially break ground on Alta Vale, which will provide a new level of luxury living for residents in and around the Raleigh area,” said Caitlin Shelby, Managing Director for Wood Partners. “Alta Vale will be a perfect addition to our existing North Carolina portfolio as we continue to see tremendous growth within Raleigh and the surrounding area.”
Once complete, Alta Vale will offer 306 apartments comprised of one-, two- and three-bedroom floor plans. Each of the property’s units will be equipped with modern, high-end finishes including quartz countertops, stainless steel appliances, tile backsplashes, in-home washer and dryer sets, and vinyl plank flooring throughout the kitchen, living room and baths.
Alta Vale will also provide residents with an expansive array of community amenities including a resort-style pool, an outdoor kitchen and lounge, an on-site dog park and access to the Crabtree Creek greenway trail. Inside, residents can also delight in the property’s luxurious club house complete with a state-of-the-art fitness center, resident café, game room, co-working and conference spaces, pet spa and ample entertainment areas. All common areas throughout the community will feature an urban design and will be equipped with high-speed internet hotspots to ensure no shortage of connectivity.
Located just outside the 440 Beltline in Raleigh, the forthcoming property’s prime location will provide residents with simple access to all the city’s most sought after offerings, including more than 100,000 jobs in downtown Raleigh, North Carolina State University, and the famed Research Triangle Park (RTP). Alta Vale also boasts proximity to many of Raleigh’s top retail and dining establishments, as well as the North Carolina Museum of Art, PNC Arena, Raleigh-Durham International Airport, and 5,600-acre Umstead State Park.
“We designed Alta Vale to provide residents with the best of both worlds—a modern, luxurious community to call home located in a prime location with direct access to Raleigh’s Crabtree Creek greenway,” added Shelby. “The addition of Alta Vale comes on the heels of Wood Partners’ significant growth in the Raleigh market in 2021, including the recent openings of Alta Davis in Morrisville and Alta Wren in Cary. We look forward to welcoming new residents home early next year and continue to seek out new opportunities to bring our unique brand of high-end living to additional locations throughout the Research Triangle.”

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