MIAMI, FL – Olympus Property has expanded into the Miami market with the acquisition of Fifteen, a groundbreaking new 132-unit luxury apartment community located in the city’s prominent Health District—one of the largest medical hubs in the country. This marks Olympus’ first asset in Miami and reflects the firm’s expansion into one of South Florida’s leading employment districts, where consistent demand, population growth, and continued economic investment support long-term multifamily performance.
The acquisition underscores Olympus Property’s commitment to identifying supply-constrained, high-demand submarkets with strong underlying fundamentals for institutional-grade housing. The firm will leverage its vertically integrated operating platform and regional scale to increase operational efficiency, sustained value creation, and compelling long-term returns.
“Olympus has been active in Florida for over a decade, steadily growing our presence across the state’s most dynamic markets,” said Alex Badalian, Director of Investments at Olympus Property. “The acquisition of Fifteen reflects our broader strategy of targeting high-opportunity submarkets within major gateway metros. With South Florida’s continued growth and strong rental fundamentals, we see this as an ideal setting to elevate the resident experience while delivering sustainable, long-term results at this asset.”
Tailored to professionals working in and around the Health District, Fifteen delivers elevated design in a well-connected urban setting. The boutique mid-rise community offers walkable access to world-class healthcare institutions, including the University of Miami Health System, Jackson Memorial Hospital, the Miami VA Medical Center, and the forthcoming Kenneth C. Griffin Cancer Research Center—a 244,000-square-foot, 12-tale facility scheduled to open in 2025. Residents also benefit from proximity to public transit and an array of nearby amenities. With direct connectivity to the Dolphin Expressway (SR 836) and I-95, the property links seamlessly to major commercial destinations such as Downtown Miami, Brickell, Coral Gables, and the Miami River District.
Walker & Dunlop’s Fort Lauderdale investment sales team, including Still Hunter and Kaya Suarez, arranged the transaction. Financing was secured by Craig West and the TeamWest group at Walker & Dunlop.

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SAN DIEGO, CA – Lowe, a national real estate investment, development and management firm, has bought Tenth & G Apartments, a 207-unit multifamily community located at 707 Tenth Avenue in the heart of downtown San Diego s vibrant Ballpark District.
Lowe has a national strategic focus to buy high-quality, well-located multifamily properties at current lower valuations that can benefit from enhancements to property operations and/or physical improvements, said Mike Lowe, co-CEO of Lowe.
Built in 2008, Tenth & G is an eight-tale apartment community with steel and concrete construction featuring modern loft-style residences and 8,250 square feet of ground-floor retail. The property offers an array of loft style units including studio, one- and two-bedroom units averaging 704 square feet, featuring floor-to-ceiling windows, high ceilings, private balconies and panoramic views of the San Diego skyline and bay. The property sold for $71 million or about $343,000 per unit which is well below replacement cost.
Lowe plans to complete improvements to the property with a new leasing office and co-working space, an expanded fitness center, upgraded common areas and in-unit renovations comparable to similar nearby properties. These upgrades are designed to elevate the resident experience while preserving the property s attainable rent rates.
This acquisition aligns with our national multifamily value-add investment strategy led by Bill Cockrum and strong local market capabilities with operations overseen by our San Diego regional office led by Todd Majcher, added Lowe Executive Vice President Mike McNerney.
The property boasts a Walk Score of 99 out of 100 and is located within a small walking distance of the Gaslamp Quarter, PETCO Park, new East Village Green Park, and Rady Shell at Jacobs Park. Residents delight in an attractive amenity package including a landscaped courtyard with fire pit, rooftop viewing deck, fitness center and billiards lounge.

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DENVER, CO – OlivePoint Capital, a real estate investment manager focused on value-add and special situation opportunities in the lower middle market, announced the acquisition of Stella on the Park, a 2021-vintage mixed-use project located in metro Denver. The transaction was sourced and executed off-market.
The project comprises 216 residential units and 35,000 square feet of retail space. OlivePoint bought the asset at more than 50% discount to replacement cost. The acquisition was made through OlivePoint’s fund, OPC Fund I LP.
This investment reflects our strategy of targeting high-quality assets where temporary dislocation—whether capital markets or operational—can make outsized value, said Adrian Bejarano, Managing Partner at OlivePoint. We re targeting high-conviction, execution-driven opportunities in overlooked segments of the market and we re excited to leverage our expertise to unlock value at Stella.
We continue to believe the current market offers a rare window to invest in compelling real estate at a meaningful discount to value, said John Bruno, Managing Partner. Stella is a strong addition to our portfolio and reflects our ability to go quickly while taking advantage of the market environment.
OlivePoint will implement a targeted value-add plot including lease-up of vacant residential units, operational optimization, and capital improvements to enhance long-term value.
This investment expands OlivePoint s growing portfolio, which focuses on distressed, mispriced, or undercapitalized real estate across multifamily, industrial, retail, and select office segments throughout the U.S. lower middle market.

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