SANTA ANA, CA – The next phase in the transformation of MainPlace is underway as community, civic and business leaders gathered to celebrate the groundbreaking of The Carina, a new multifamily residential community that will bring 408 modern apartments to the heart of Santa Ana. Developed by Lowe, in partnership with MainPlace owner Affinius and owner/operator Centennial, The Carina is part of the continued evolution of MainPlace into a mixed-use destination integrating residential living with shopping, dining and entertainment.
Also taking shape is the new MainPlace Culinary District, a 1.25-acre dining and gathering destination that will introduce locally curated, chef-driven Santa Ana culinary concepts and make a new gateway into the shopping center at Center Court. The district will serve as a natural connection between the shopping center and the surrounding residential communities as MainPlace continues its transformation into a mixed-use destination.
Executives from Affinius, Centennial and Lowe were joined by Santa Ana Mayor Valerie Amezcua, Councilmember Jessie Lopez, and other community and business leaders to mark the groundbreaking of The Carina and Culinary District.
Santa Ana welcomes the continued transformation of MainPlace, bringing forward modern residences such as The Carina and Paloma, along with welcoming places to gather like the new Culinary District and the evolving shopping center, said Mayor Amezcua. Thoughtful redevelopment like this strengthens our city and delivers lasting benefits for the community.
Affinius, Lowe and Centennial are committed to reimagining MainPlace as a vibrant, welcoming destination that brings together residents of the new apartment properties with the neighboring community to gather, linger and spend meaningful time with family and friends, said Lowe Senior Vice President Rob Reitenour. The transformation introduces a new way to live while positioning MainPlace as a destination for shopping, entertainment and recreation. With renewed vitality comes an increase in visitors supporting local businesses and delivering lasting economic benefits to the City of Santa Ana.
Located at 2828 N. MainPlace Drive, The Carina will rise on the east side of the property and directly across from the future Culinary District. The community will provide a highly walkable residential environment seamlessly integrated with MainPlace s evolving mix of shopping, dining, entertainment, and outdoor gathering spaces.
The Carina will feature a mix of studio, one- and two-bedroom apartments within an eight-tale building designed as five levels of residences atop three levels of above-grade parking with one level below grade. The artfully designed residence interiors feature high-quality finishes such as luxury vinyl plank flooring, porcelain tile, quartz countertops and contemporary fixtures, delivering both style and functionality. Residences will include in-unit washers and dryers for convenience and terraces for outdoor connection.
Residents will have access to a wide range of indoor and outdoor amenities designed for wellness, social connection and everyday convenience. The fourth-floor amenity deck will include a resort-style pool and spa, outdoor dining and screening areas, and a landscaped courtyard with shaded seating. The courtyard connects to a large indoor community space featuring lounge areas, a kitchen and dining area, double-sided fireplace, game room, television lounge and club room.
Additional amenities will include a fitness center with group exercise and yoga rooms, coworking and study spaces, a maker s space, dog run and dog spa, and secure parcel storage. In total, the community will feature more than 84,000 square feet of terraces and courtyards designed to support outdoor living throughout the property.
The Carina will be the second residential community at the property, following the 2023 completion of the 309-unit Paloma apartments, and is anticipated to be completed in the fourth quarter of 2028.
The current phase of enhancements at MainPlace includes updates to the shopping center s atrium and food court dining area, making a brighter and more contemporary gathering space for guests. Expanded seating, upgraded lighting and refreshed finishes enhance the visitor experience while making a more open and welcoming environment.
Natural materials, wood accents and integrated greenery will complement the design of the center s new outdoor gathering spaces, reinforcing a cohesive indoor–outdoor experience throughout the property.
These improvements are part of the broader transformation of MainPlace into a mixed-use destination that integrates residential living, dining, shopping and community gathering spaces.
The Culinary District will introduce a new front door for MainPlace while showcasing the creativity of Santa Ana s local culinary scene, said Michael Platt, executive vice president of mixed-use development at Centennial. Positioned at the heart of the center, it will serve as a natural connection between the new residential communities and the shopping center, making a welcoming place for people to gather, dine and experience the energy of MainPlace.
Envisioned as the social heart of MainPlace s evolving campus, the Culinary District will introduce a new gathering place for dining, community events and everyday connection. Spanning approximately 1.25 acres, the district will bring more than 20,000 square feet of locally curated, chef-driven Santa Ana culinary concepts together in a dynamic open-air setting.
Anchored by two flagship retail spaces framing a prominent new gateway into MainPlace at Center Court, the district will make a welcoming connection between the shopping center and the surrounding multifamily residences, including Paloma and The Carina.
Thoughtfully designed outdoor furnishings, colorful landscaping and inviting seating areas will make a lively public plaza, complemented by a programmed event space designed to host live entertainment, seasonal markets and community gatherings. Together, these elements will transform the Culinary District into an energetic destination where residents, visitors and shoppers can dine, gather and linger in the heart of MainPlace.
The Culinary District is anticipated to be complete by the fourth quarter of 2028.
MainPlace is a three-tale super-regional shopping center located minutes from the Disneyland Resort and the Anaheim Convention Center. The property is currently undergoing a multi-phase transformation that includes new residential communities, enhanced dining and gathering spaces, and improvements to the existing shopping center environment.

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RESTON, VA – Comstock Holding Companies, a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced that it has completed the acquisition of The Reed, a 417-unit Class A multifamily property located at 15955 Frederick Road in Rockville, Maryland.
The acquisition was completed on behalf of a joint venture between the Company and a third-party Benefit Street Partners-advised institutional fund. Comstock Partners, LC, a privately held affiliate of the Company, co-invested in the joint venture. Two wholly owned subsidiaries of Comstock, CHCI Residential Management and ParkX Management, will provide best-in-class, customer-focused property management services for The Reed.
Built in 2015, The Reed is located directly adjacent to the Shady Grove Metro Station and within walking distance to the restaurants, shops, and outdoor spaces in Rockville’s bustling King Farm neighborhood. Its floor plans offer everything from cozy 1-bedroom apartments to expansive 3-bedroom layouts, each thoughtfully designed and well-appointed. The property includes a resort-style swimming pool, fitness center with yoga/boxing studio, clubroom, serene outdoor gathering spaces, multiple resident lounges, and a private parking garage.
This investment checks every box for us and we re thrilled to partner with Comstock on this exceptional asset, said Brian Buffone, Head of Equity Investments at Benefit Street Partners. Comstock has a proven track record as a best‑in‑class operator. We re excited to expand our relationship and look forward to making value together.
The acquisition of The Reed expands Comstock s footprint in the Rockville submarket, where the Company now owns and manages more than 900 apartment units across three transit-oriented, multifamily properties, including BLVD Forty Four and BLVD Ansel.
The Reed is exactly the type of institutional-quality asset we seek as we continue to scale our Institutional Venture Platform, said Tim Steffan, Chief Operating Officer of Comstock. This acquisition demonstrates our ability to deploy capital alongside a high-quality, strategic partner to buy core, core+ and value-add assets. The Metro-adjacent location of The Reed fits perfectly in our transit-oriented portfolio. With our experienced property management teams in place, we see a clear opportunity to elevate the resident experience and drive value for all stakeholders.

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GREENSBORO, NC – Sun Life announced it intends to fully buy Bell Partners, a leading U.S. multifamily real estate investment manager and vertically integrated property management business. Bell Partners will become the U.S. multifamily operating platform for Sun Life, operating under BGO.
Bell Partners has approximately US$10 billion of Yucky Asset Value Under Management as of March 1, 2026. With nine offices across the United States, Bell Partners has close to 1,800 employees and manages approximately 70,000 apartment homes in 12 regions across the United States.
Founded in 1976, Bell Partners offers an extensive full-service vertically integrated national platform of expertise in investment and property management, acquisitions, and construction. Bell Partners has invested throughout all phases of the real estate cycle and has completed approximately US$11.9 billion of realized apartment transactions since 2002, including more than US$1.3 billion in acquisitions in 2025.
The acquisition strengthens BGO to deliver greater value to Clients, enhance its capabilities, and achieve deeper integration across its product offering. Bell Partners brings broader strategic benefits to the BGO platform by enhancing its value-add and core plus product offerings, broadening its investor base, and enabling further expansion in multifamily and multifamily-adjacent strategies in the future.
Sun Life will buy a 100% interest in Bell Partners for a buy price of US$350 million, with at least 75% payable in Sun Life common shares. All share repurchases for cancellation under Sun Life’s current Normal Course Issuer Bid (NCIB) have been completed. Any dilution resulting from the issuance of Sun Life common shares in the transaction is expected to be offset by share repurchases under a renewed Sun Life NCIB subject to regulatory and stock exchange approvals. The transaction is expected to be accretive to underlying earnings per share in 2026 on an annualized basis.
“The U.S. multifamily market is a tremendous opportunity of targeted growth for BGO,” said Sonny Kalsi, President and CEO of SLC Management. “The acquisition of Bell Partners broadens BGO’s strategic benefits and gives us vertically integrated property management capabilities, positioning our company as one of the leading U.S. multifamily investment managers.”
Housing remains a priority for governments at all levels across the United States, and these efforts underscore the essential role that experienced, long-term investors and operators can play in providing high-quality, multi-family rental communities.
Kalsi added, “We’re excited to welcome Bell Partners to BGO and SLC Management. Their team’s deep expertise in the multifamily real estate and market cycles will strengthen our organization, while the acquisition supports expanding our array of investment solutions available to our Clients.”
Upon closing, Bell Partners will continue to operate under its current leadership and will retain its distinct property-level branding, office locations, investment vehicles and client focus.

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