MADISON, WI – JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced that it has bought Wrenfield at Pleasant View, a 300-unit luxury apartment community in Madison, Wisconsin. The property was bought from Continental Properties and brokered by Berkadia. JVM Realty rebranded the property from Springs at Pleasant View to Wrenfield at Pleasant View.
Located at 8504 Mansion Hill Avenue on 17.73 acres, Wrenfield at Pleasant View was completed in 2022 and features townhome-style design with private entries across 15 two-tale residential buildings. The community features spacious one-, two-, and three-bedroom floor plans averaging over 1,000 square feet per unit. The property also includes many of the high-end features common to JVM properties, including open kitchens with stainless-steel appliances and granite countertops with undermount sinks; high-end finishes and lighting; designer plank flooring in the living areas; walk-in closets; a large balcony or patio; and in-unit, full-size washers and dryers. Select upgraded units will also feature soaker tubs, subway tile backsplashes, painted accent walls, French door refrigerators, and custom closet organizers.
“Wrenfield at Pleasant View represents another exceptional addition to our Wisconsin portfolio and marks our third acquisition from Continental Properties,” said Jay Madary, president and CEO of JVM Realty. “With limited new supply in the area, robust employment growth, and a highly educated renter base, Madison continues to be one of the strongest multifamily markets in the Midwest. We’re excited to have the opportunity to utilize our award-winning management expertise, our in-house marketing team, and our revenue management capabilities to add value and make a signature experience that supports both investors and residents.”
Residents will also delight in resort-style community amenities such as a heated swimming pool; a fully equipped 24-hour fitness center; a clubhouse with a kitchen, TVs, lounge seating, and a conference room; a business center; a car wash; valet trash, internet, and package delivery services; a fire pit and outdoor grilling stations; and two on-site dog parks with a pet spa area.
“We take fantastic pride in this community and value our ongoing relationship with JVM Realty,” said Aaron Konop, finance director at Continental Properties. “Their operational strength and commitment to delivering an brilliant resident experience make them a trusted steward for its continued growth.”
Located in Madison’s West Madison submarket, near the towns of Verona and Middleton, Wrenfield at Pleasant View offers convenient access to the Beltline Highway and downtown Madison, as well as proximity to major employers including Epic Systems, the leading healthcare software company, whose nearby campus supports 13,000 jobs and is expanding to add 2,000 more. Overall, Madison-area employers support over 232,000 jobs, with more in development. The community also benefits from an abundance of healthcare operators, top-ranked schools, and retail options such as West Towne Mall, which offers more than 125 retail and dining options. Residents can also take advantage of the adjacent 18-acre Midtown Commons Park with its many golf courses, sports fields, hiking trails, pools, and other outdoor recreation.
“Maximum success for us is forging strong and enduring relationships between best-in-class buyers and sellers,” said Pete Evans, senior managing director of investment sales at Berkadia Chicago. “Continental Properties’ trailblazing and brilliant Springs product is a perfect fit for JVM’s expert insight into their markets and ability to maximize perpetual competitive advantages, while driving additional revenue through insightful and proven avenues.”
Madison is the capital and the second most populous city in Wisconsin, and it was recently ranked the #1 Best Place to Live in America by Livability. It consistently ranks as one of the fittest and most pleased cities in the country. Additionally, the University of Wisconsin is a major presence in the city, contributing to its vibrant culture, intellectual atmosphere, and diverse population.
Wrenfield at Pleasant View marks JVM’s fourth acquisition in Southeast/Central Wisconsin, further strengthening the firm’s presence across the region. JVM now owns and manages 21 communities throughout the greater Midwest.

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ROSEVILLE, CA – CONAM Strategic Investments Fund IV LP, a discretionary fund sponsored by The CONAM Group, announced the acquisition of Sonterra Apartments, a 136-unit multifamily community located in Roseville, California. This buy expands CONAM’s footprint in the Sacramento region and represents the latest acquisition for Fund IV.
Built in 2001, Sonterra encompasses 136 units across ten two-tale garden-style buildings situated on 6.66 acres. The community offers a comprehensive amenity package, including a 24-hour fitness center, resort-style pool and spa, outdoor barbecue area, resident clubhouse and leasing office, outdoor fireplace, picnic areas, package lockers, and a bocce ball court.
Interiors have been extensively upgraded, with 132 of the 136 units featuring hardwood flooring, stainless steel appliances, granite countertops, and modernized cabinetry. Each apartment home includes a private patio or balcony, and second-floor units feature vaulted ceilings up to 16 feet, enhancing the community’s open and suburban feel.
Located in Roseville, California, one of the Sacramento region’s most dynamic and desirable submarkets, Sonterra benefits from exceptional local fundamentals. Roseville offers convenient access to leading medical and technology employment centers, including the Sutter Health and Kaiser Permanente hospital campuses, as well as major employers in the Hewlett Packard Enterprise, Penumbra, and Oracle business corridors. The area’s robust public transportation network, vibrant retail and lifestyle amenities, and highly rated school systems contribute to its enduring appeal among families and professionals alike. Supported by strong household incomes and demographic growth, Roseville continues to outperform much of the greater Sacramento region in both employment stability and quality-of-life metrics.
“Sonterra represents the type of institutional-quality asset that aligns perfectly with our investment strategy — high-performing suburban communities in markets with strong demographics and barriers to new supply,” said Zach Markell, Acquisitions Director, CONAM. “Sonterra further complements our existing portfolio in the Sacramento market where CONAM has been a long-time owner operator.”

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IRVINE, CA – Advanced Real Estate, an Irvine-based multifamily investment firm, has bought The Cove at West Covina, a 138-unit apartment community located in West Covina, California, for $41 million. The buy expands the company s growing Southern California portfolio, which now exceeds 12,000 residential units across the region. The acquisition reflects Advanced Real Estate s continued strategy of targeting well-located suburban assets with strong value-add potential and stable long-term fundamentals.
“The Cove is well located, with large units averaging over 1,000 square feet. It’s rare to find such an attractive unit mix for under $300,000 per unit,” said Rick Julian, CEO of Advanced.
“West Covina has been a historically strong rental market with abundant retail and employment and very small new competing supply. The last significant new multifamily development was completed over 12 years ago,” said Paul Julian, Rick’s son and president of Advanced. “We see fantastic value in this type of low-density product in the San Gabriel Valley.”
Advanced plans to make significant renovations and upgrades to the property, including the addition of in-unit washers and dryers, new cabinetry, flooring, fixtures, appliances, windows and a modern paint scheme. These upgrades will be completed by R3 Construction (Advanced’s in-house construction company) and Advanced Management Company (its in-house property management company).
The gated community offers a wide range of lifestyle amenities designed to enhance resident comfort and convenience. Highlights include two resort-style swimming pools with cabanas and lounge areas, a fitness center equipped with state-of-the-art exercise equipment, and inviting outdoor firepits that provide a welcoming social atmosphere. Residents also benefit from a spacious, perfectly landscaped central courtyard, offering open green space for relaxation, recreation, and community gatherings.
This is the first buy for Advanced’s new Opportunity Fund (Advanced Fund 24-3). The company plans to make more Southern California apartment acquisitions in the coming year.
Advanced’s investment offerings are open to its “friends and family” network, which has now grown to over 1,000 investors. “We have a unique tax-efficient structure, allowing investors to use their trapped retirement funds for the bulk of their investment and leverage a smaller personal contribution of cash,” said Rick. “We are always open to welcoming new investors.”

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