TAMPA, FL – Ram Realty Advisors, a real estate investment management firm specializing in multifamily, grocery-anchored retail, and mixed-use in select high-growth markets throughout the Southeast, announced the acquisition of Beacon 430, a 327-unit apartment community located in Downtown St. Petersburg, Florida (Tampa MSA). The property was bought by an affiliate of Ram Realty Partners VII.
The acquisition reflects Ram s strategy of investing in well-located multifamily assets within infill urban markets where development constraints limit new supply. Developed in 2014, Beacon is a four-tale, elevator-served residential community situated on a 4.3-acre site spanning two city blocks in the heart of Downtown St. Pete. The property provides a low-rise residential alternative with extensive outdoor amenities in a submarket where limited site availability and rising land costs increasingly favor high-rise development.
Downtown St. Pete has emerged as one of Florida s most vibrant urban submarkets, supported by strong population growth, a diversified employment base, and a highly walkable waterfront environment. The property is within walking distance of several of the area s largest employers, including Johns Hopkins All Children s Hospital, Orlando Health Bayfront Hospital, and the University of South Florida St. Petersburg campus, as well as the Central Avenue retail and entertainment district and the city s waterfront cultural attractions.
Ram plans to implement a targeted value-add program focused on operational enhancements, common area and amenity improvements, and select unit interior upgrades designed to further position the property within the market.
Beacon stood out to us because of its scale, location, and ability to offer a different residential experience than much of the new product in Downtown St. Pete, said Nate Wilson, Vice President of Multifamily Investments at Ram. We believe targeted operational improvements and selective upgrades will further strengthen the property s position within the market.
The Tampa Bay area has been a primary market for Ram for more than two decades, said Casey Cummings, Chief Executive Officer of Ram. We have been investing in this market since 2000 and continue to see strong long-term fundamentals in Downtown St. Pete. Beacon represents another opportunity to expand our footprint in a market we know well.

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DALLAS, TX – After a highly competitive and complex process, Clover Capital Partners announced the successful acquisition of our newest assets: Creekstone and Gable Point Apartment Communities. Located in East Dallas adjacent to the Dallas Athletic Club, this well-positioned two-property portfolio represents a compelling value-add opportunity with 374 units across a mix of one- and two-bedroom floor plans.
Developed and owned by the Pardue family since the 1980s, the properties provide Clover with an attractive basis well below both current replacement cost and prevailing market pricing, making a strong foundation for long-term value creation.
Creekstone and Gable Point benefit from their proximity to major employment centers, established retail corridors, and key recreational amenities throughout East Dallas. The properties offer residents convenient access to major thoroughfares, neighborhood retail, and outdoor amenities, while sitting within a submarket that continues to experience strong demand for attainable workforce housing.
The Dallas-Fort Worth metroplex remains one of the strongest growth markets in the country, supported by sustained job creation, population growth, and long-term housing demand. Within that backdrop, Clover believes Creekstone and Gable Point are well-positioned to benefit from operational improvements, strategic capital investment, and continued submarket growth.
We are incredibly grateful for the continued confidence and support of our investor partners, whose commitment makes opportunities like this possible. We would also like to extend a special thank you to Institutional Property Advisors (IPA) for their partnership and execution in bringing this transaction to the end line.
We would also like to recognize our legal counsel, Platt Richmond, for their diligence and hard work throughout this transaction. Their guidance, responsiveness, and attention to detail were critical in navigating the legal complexities of the acquisition and helping ensure a smooth closing process.
“This acquisition represents another meaningful step forward for our firm. Clover looks forward to executing our business plot, enhancing the resident experience, and making long-term value for our investors while maintaining a disciplined approach to risk,” says Co-Founder Bryan Harlan.

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SAN DIEGO, CA – Eagle Partners, a vertically integrated multifamily investment manager and operator focused on attainable housing, announced the closing of a $162.5-million affordable housing preservation portfolio acquisition of The Hendrix Apartments and The Hadley Apartments (“the Portfolio”) located in Escondido, California.
The Portfolio consists of two adjacent communities totaling 551-units of one- and two- bedroom residences serving the senior demographic (55+) in North San Diego County. Through this acquisition, Eagle will implement a long-term affordable preservation strategy while executing a targeted capital improvement program designed to enhance the resident experience.
Eagle partnered with Red Stone Equity Partners, JPMorgan Chase, The California Statewide Communities Development Authority (CSCDA), and Affordable Housing Access to do on the transaction.
“This transaction represents a meaningful milestone in the continued scaling of our attainable housing platform and speaks to our ability to source institutional quality opportunities on an off-market basis” said Taylor Friend, Managing Partner of Eagle Partners. “We are proud to expand our presence in San Diego County and to work alongside best-in-class partners who share our commitment to long-term affordability, disciplined execution, and community stewardship.”
In November 2025, Eagle, Red Stone Equity Partners, and JPMorgan Chase bought the 350-unit Hills at Hacienda Heights in Los Angeles County for $107 million. The Escondido acquisition represents Eagle’s second preservation transaction and further establishes the firm’s footprint in Southern California.

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