WEST LAFAYETTE, IN – Muinzer, a fully integrated owner and operator of commercial and residential real estate, announced the acquisition of Village West Apartments near Purdue University in West Lafayette, IN for $48 Million. The asset is one of the largest student complexes in the nation, encompassing 1,134 student-housing beds underpinned by 20 acres of land.
The off-market buy, which was bought at a discount to replacement cost, marks the continued expansion of the Muinzer platform in the fundamentally strong Purdue University submarket.
“Village West is exactly the asset we were looking for, with a tremendous existing management team, a strong sense of community and opportunities for sustained improvements over time. Taken together, I am delighted with the near- and long-term prospects for Village West Apartments,” said Marc Muinzer, Founder and CEO, Muinzer.
The transaction caps over $100 million of apartment acquisitions for Muinzer over the preceding twelve months. “We are actively seeking additional acquisitions throughout the Midwest,” added Mr. Muinzer. “The Muinzer team, with over 40 professionals and decades of property management experience, will continue to provide superior customer service to all existing and future tenants.”

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SUMMERVILLE, SC – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has bought The Tradition at Summerville, a 232-unit multifamily asset in Summerville, South Carolina. The property will undergo a $2.7 million capital improvements project and be renamed The Bryant at Summerville.
This is the firm s third acquisition in the growing Summerville neighborhood north of Charleston, with the firm plotting to buy up to $2 billion in multifamily properties throughout the Southeast and Texas.
The Southeast has remained a preferred market of ours due to its strong fundamentals, especially burgeoning markets like Summerville that we identified right when it started demonstrating significant potential for growth, said Christine DeFilippis, Chief Investment Officer of American Landmark. The area has shown a considerable rise in jobs and population since our entry in 2018, offering a compelling opportunity to seek additional assets in this rising market just north of Charleston.
The Charleston-based NKF Multifamily Capital Markets Team including Senior Managing Director Alex Okulski; Vice Chairmen Sean Wood, John Heimburger and Dean Smith; and Managing Directors John Munroe and Jason Kon brokered the transaction.
American Landmark plans to upgrade a variety of features throughout the property in a comprehensive value-add program. Unit upgrades include granite countertops, new cabinets, backsplash, stainless steel appliances, nickel-brushed plumbing fixtures, luxury lighting fixtures, USB outlets and electronic locks. For the site, improvements include a grilling table, dog park and renovated fitness center/clubhouse, swimming pool and landscaping.
Built in 2004, Tradition at Summerville is located at 325 Marymeade Drive. One-, two- and three-bedroom units include open floor plans, crown molding, screened patio/balcony and full size washer and dryer. Community amenities include a fireside lounge, outdoor summer kitchen, business center, nature trail, swimming pool, fitness center and lounge.

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SAVAGE, MD – Blue Ocean, the Maryland-based real estate firm, has expanded its footprint into Howard County, Maryland, acquiring The River Front Apartments in Savage, MD. This 144-unit, waterfront and gated, residential community is centrally located in Howard County only a few miles from Downtown Columbia and providing residents immediate access to Washington, D.C., Baltimore, Annapolis and Northern Virginia.
The buy of The River Front Apartments is reflective of Blue Ocean’s long-term strategy to buy real estate in Class A locations that provide tangible opportunities to make or add value for its Investors.
Blue Ocean identified The River Front Apartments as a rare opportunity to buy an extremely well-built and irreplaceably located asset. The Property sits along the banks of the Small Patuxent River and is only steps from the Historic Savage Mill Shops & Dining. Although plans to improve the property are preliminary at this time, Blue Ocean intends to make meaningful quality of life improvements across the property. These investments will make this asset a premier residential apartment community.
Jonathan Ehrenfeld, President and CEO of Blue Ocean, stated “As Real Estate investors, we work tirelessly to identify high quality opportunities, with value-add elements, that are also exceptionally located. The River Front Apartments checks all of the boxes for us. I’m extremely proud of our team and equally thrilled to expand the Blue Ocean portfolio into Howard County.”
The Seller was represented by Transwestern Mid-Atlantic Multifamily Group of Dean Sigmon, Robin Williams, Justin Shay and Michael D’Amelio.

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