IRVINE, CA – MBK Rental Living, a preeminent lifestyle developer of apartment communities, announced that leasing has begun at Las Brisas, a 340-unit luxury community in Santa Maria, California. The highly anticipated Santa Barbara County property is now leasing and open for go-ins.
“Las Brisas was designed with intention—bringing together the comforts of modern living with the natural beauty of the Santa Maria landscape,” said Ken McCarren, President of MBK Rental Living. “Our goal is to make communities where residents feel inspired, can unwind, and build meaningful connections with their neighbors. Las Brisas embodies this vision throughout every aspect of the community, both inside the homes and across the shared spaces.”
Las Brisas features a variety of layouts, including one-, two-, and three-bedroom apartments ranging from 739 square feet to 1,295 square feet. Each unit features spacious living areas and open floor plans with natural light, designer finishes, modern appliances and private patios or balconies.
Community amenities available to all residents include a resort-style swimming pool, 24-hour fitness center, communal gathering spaces, co-working space, dog spa and adjacent dog park, playground and pocket parks throughout.
As part of MBK Rental Living’s ‘With Our World’ sustainability program, the community blends conscious design with high performance to provide healthier, more comfortable living environments for residents. Elements include EV charging stations, energy-efficient LED lighting and Energy Star appliances, low or no VOC materials, bicycle racks, and a weekly recycling program.
Located in the southern region of California’s Central Coast in Santa Barbara County, Las Brisas offers access to numerous shopping and dining destinations, championship golf courses, state-of-the-art sports facilities, and cycling and hiking routes. Local festivals and events bring the broader community together year-round, and with both US-101 and SR-135 nearby, well loved beaches and award-winning wineries are a small drive away. Santa Maria is also home to several thriving industries including aerospace, communications, high-tech research and development, energy production, military bases and manufacturing.
“We experienced strong momentum in Santa Maria with Azure, a community we developed in 2020 and successfully sold in 2023,” McCarren said. “That success underscored the continued demand for distinguished rental living options that serve families, young professionals, and residents seeking a high‑quality living experience. With Las Brisas, we’re proud to continue contributing to the growth and vitality of this thriving community.”
MBK Rental Living is currently leasing several additional apartment communities across the state, including Vida in Morgan Hill, The Haven in Petaluma, and Ona in Natomas in Northern California with their JV partner Hines, as well as Solana in Duarte and Zia in Anaheim in Southern California. Plans are set for two additional new communities to start leasing in 2026, Vintage Farms in Murrieta and The Sanctuary in Thousand Oaks.

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BETHESDA, MD – Walker & Dunlop announced that it has arranged the joint venture partnership between AIP, Pointsfive, and Bridge Investment Group for the landmark $132 million redevelopment of the former Greyhound Bus Station in Richmond, Virginia into a multifamily community.
The firm secured the equity, in addition to an $85.6 million construction financing with Madison Realty Capital. Upon completion, the 550,000-square-foot project will deliver 386 Class A residences and over 14,000 square feet of retail in Richmond s Scott s Addition District, one of the city s fastest-growing neighborhoods.
We are honored to collaborate with this exceptional best-in-class partnership. Together, we will bring a world-class residential experience, with curated urban retail spaces that emphasize street-level activation and urban connectivity, unrivaled amenities, and sustainably focused design to life in this historic location, said Scott Allen, founder and CEO of AIP.
This submarket has all the qualities we look for in a multifamily development location: walkability, unique mixed-use urban character, day and night entertainment drivers, and consistently strong renter growth relative to supply, said Tristan Nadal, founder and CEO of Pointsfive.
Walker & Dunlop Capital Markets Institutional Advisory and Equity & Structured Finance served as exclusive advisor to co-developers, AIP and Pointsfive. Mo Beler, Jonathan Paine, Heather McClure, Cory Elbaum, Michael Williams, and Jackson Irwin arranged the venture equity investment from Bridge Investment Group while Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Sean Reimer, and Michael Brown secured construction financing with Madison Realty Capital.
This transaction and development reflect the strength of one of the Mid-Atlantic s fastest-growing urban submarkets of Richmond, Virginia and the exceptional quality of this multifamily development and sponsorship, said Beler, senior managing director of Capital Markets and co-head of Equity & Structured Finance at Walker & Dunlop. Scott s Addition continues to benefit from strong fundamentals, including steady rent growth, projected household expansion, and a well-documented shortage of quality housing driven by population and employment growth. We re proud to have partnered with AIP, Pointsfive, Bridge Investment Group, and Madison Realty Capital to capitalize this iconic project and bring it to fruition.
Scott s Addition has undergone one of the most remarkable urban transformations on the East Coast, evolving from a silent industrial warehouse district into Richmond s most vibrant walkable neighborhood in less than a decade. Today, in less than one square mile, it is home to more than a dozen craft breweries, destination James Beard-nominated restaurants, boutique fitness studios, coffee shops, retailers, creative office spaces, and multifamily housing — all connected by tree-lined sidewalks and a growing network of bike infrastructure.
The neighborhood s industrial bones give it an authenticity that purpose-built mixed-use districts struggle to replicate, attracting a young professional demographic that prioritizes urban lifestyle. With the adjacent $2.4 billion Diamond District redevelopment, the largest redevelopment in the city s history, and the new minor league ballpark to the east (home to the Double-A Eastern League affiliate of the San Francisco Giants), Scott s Addition is transitioning from Richmond s best-kept secret to its most institutionally developed submarket.
The property at 2910 North Arthur Ashe Boulevard is within a federally designated Qualified Opportunity Zone and provides long-term investment benefits. The site, formerly a Greyhound bus terminal and service depot, will be cleared for redevelopment. The development team has made an architectural design that enhances urban connectivity and engagement, with an expansive residential porte-cochere along West Boulevard complementing enlarged sidewalks, corner retail plaza, and over 400 linear feet of retail-forward presence on North Arthur Ashe Boulevard. Residents will benefit from three outdoor open-air courtyards and over 55,000 square feet of indoor and outdoor amenities.
Upon completion, residents will delight in one of the most walkable urban neighborhoods and, with direct access to I-64, I-95, and Highway 250, will be able to connect to Richmond s broader network of cultural institutions, outdoor park system, trail networks, and the James River. Construction is set to commence in the second quarter of 2026.

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SAN DIEGO, CA – The San Diego Metropolitan Transit System (MTS) and Affirmed Housing, a leading provider of affordable and supportive housing throughout California, announce the completion of SkyLINE, a seven-tale, mixed-use, transit-oriented affordable housing community at the Rancho Bernardo Transit Station. The new development delivers 100 affordable apartment homes and new amenities for transit riders, transforming an underutilized park-and-ride site into a community centered on housing and mobility.
Completing SkyLINE is a significant achievement for our region and demonstrates how housing and transit investments can work hand in hand to strengthen communities, said Stephen Whitburn, MTS Board Chair and San Diego City Councilmember. This development delivers high-quality affordable homes in a high-opportunity area and reinforces the value of building vibrant, transit-oriented communities.
Developed by Affirmed Housing on land leased from MTS, SkyLINE includes 100 apartments for individuals and families earning between 30 and 55 percent of the area median income (AMI), including one unit for an onsite property manager. The project includes one-, two- and three-bedroom homes, as well as shared amenities, such as laundry rooms, a community room with a learning center, furnished outdoor space for resident gatherings, and a tot-lot play area.
SkyLINE reflects our commitment to addressing the region s housing needs while strengthening access to public transportation, said Jimmy Silverwood, president of Affirmed Housing. By building affordable housing next to high-quality transit, we are making opportunities for residents to connect more easily to jobs, schools and other essential services.
Located adjacent to the Rancho Bernardo Transit Station, SkyLINE places residents within walking distance of public transportation and near grocery stores, healthcare services, pharmacies and the Rancho Bernardo Library. The transit station is served by high-frequency bus routes traveling from downtown San Diego to North County and include Rapid and Rapid Express routes.
SkyLINE is the remarkable transformation of a former transit parking lot into 100 new sustainable affordable housing units for working families and represents the impact that public-private partnerships can make, said Pamela Gabriel, Bank of America San Diego market executive. Bank of America was proud to provide construction, tax credit and solar credit financing with our longtime partner Affirmed Housing to help make SkyLINE possible with city, county and state partners.
In this GreenPoint-rated community residents will also have access to onsite programs and services focused on health and wellness, financial literacy, career readiness, parenting, food preparation and community engagement. Compass for Affordable Housing will provide resident services to the property s tenants.
SkyLINE includes approximately 14,000 square feet of commercial space, which will serve as Affirmed Housing s corporate offices and generate rental revenue for MTS. The development is part of a 99-year ground lease between Affirmed Housing and MTS, allowing the transit agency to activate underutilized land while maintaining long-term transit operations.
As part of the project, Affirmed Housing worked closely with MTS to meet current and future parking needs for transit riders. The building s parking structure includes 84 dedicated parking spaces for MTS patrons, in addition to 76 resident parking spaces.
Together, Affirmed Housing and MTS advanced a shared approach that aligns housing development with transit access, making a community designed to serve both residents and the broader region.

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