SEATTLE, WA – Security Properties, a Seattle-based real estate investment firm with more than $6 billion in assets under management, announced the acquisition of Langara, a 134-unit apartment and townhome community in Issaquah, Washington, for $55.1 million, or approximately $411,000 per unit. The acquisition was made in partnership with RGA ReCap Incorporated (ReCap Real Estate Investments) on behalf of Reinsurance Group of America, Incorporated (RGA).
Langara marks the 12th market-rate acquisition for Security Properties Fund VII, the firm’s latest investment vehicle, which held its final close in April 2026 with $124 million in commitments. The community comprises 100 apartment homes and 34 townhomes in one of the Eastside’s strongest submarkets. Proximity to major employment hubs, highly rated schools, access to outdoor recreation, and limited new supply made Langara a natural fit for the Fund’s portfolio.
As part of the business plot, Security Properties will complete full interior renovations across all apartment units, delivering a meaningfully upgraded living experience. Plotted improvements include vinyl plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, under-cabinet lighting, refreshed cabinetry and fireplaces, and modern lighting, hardware, and bathroom finishes.
The townhome portfolio will receive the same renovation package. In addition, Security Properties will convert the community’s largest townhome floor plot from three bedrooms to four, expanding rental value and broadening Langara’s appeal to larger households, a demographic underserved by most Eastside multifamily supply.
“Langara is a compelling opportunity to bring a well-located asset up to the standard today’s Issaquah renter expects,” said Mark Bates, Chief Investment Officer at Security Properties. “The Eastside has strong employment fundamentals and very small new supply, and nearly none of what does get built serves larger families. Converting our largest townhomes to four bedrooms addresses that gap directly while making durable value for our investors.”
The acquisition further deepens Security Properties’ presence on Seattle’s Eastside, where the firm has operated for decades and continues to serve as a market leader.

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SACHSE, TX – 37th Parallel Properties, a multifamily real estate investment firm, announced the acquisition of Woodbridge Villas, a 222-unit, 2002-built community in Sachse, Texas. The off-market acquisition is the firm’s latest investment in the Dallas-Fort Worth metro and expands its institutional-quality portfolio across the South and Southeast.
“Woodbridge Villas is the type of asset and submarket we have consistently pursued throughout our history,” said Dan Chamberlain, Managing Partner. “Sachse is an affluent, supply-constrained pocket of northeast Dallas with a median household income of approximately $117,000, top-rated schools, and a crime rate roughly half the Texas average. Those characteristics drive long-term, family-oriented demand. Submarket homeownership costs drive a durable rent-versus-own affordability buffer, which also supports occupancy and pricing power.”
The submarket benefits from a near-zero forward supply pipeline, with only one project under construction and none currently proposed within a seven-mile radius of the property. Limited entitled land, adjacency to established single-family neighborhoods, and political resistance to density collectively raise the barriers to new development, supporting steady occupancy and sustained rent growth.
Situated on 10.5 acres, Woodbridge Villas features a mix of one-, two-, and three-bedroom units averaging 875 square feet across 11 residential buildings. Apartment and community amenities include nine-foot ceilings, private patios and balconies, attached and direct-access garages, a resort-style swimming pool, fitness center, clubhouse, business center, outdoor grilling and lounge areas, and a pet park.
Darci Poole, Transaction Manager, said, “Woodbridge Villas brings together the elements we prioritize most: an institutional-quality, low-density asset in a desirable suburban submarket with strong demographics and a constrained supply backdrop. Sourcing the transaction on an off-market basis allowed us to buy below appraisal, comps, and replacement costs, all with conservative underwriting assumptions.”
The acquisition is supported by low-leverage, Freddie Mac financing arranged by Cutt Ableson and Patrick Hickey at Berkadia. Structured at a fixed rate with a full-term interest-only period, the capitalization is designed to enhance current cash flow, limit refinance risk, and provide downside protection across a range of interest-rate and macroeconomic scenarios. The property will be managed on site by RPM Living, a top-five U.S. property management company.
Woodbridge Villas represents the final investment from 37th Parallel’s second fund, 37P – Fund II, an income and equity growth vehicle that employs a similar strategy as Fund I, targeting value-add and core-plus multifamily real estate in growth markets across the Southeast and Texas. With this acquisition, Fund II now holds diversified investments in Charlotte, Austin, Atlanta, and Dallas.
“In an environment where capital discipline and market selection matter more than ever, Woodbridge Villas reflects our continued focus on acquiring institutional-grade, well-located assets in growth submarkets with durable demand and limited supply,” said Chad Doty, Managing Partner. “We look forward to delivering an attractive tax-advantaged investment to our investor family on this project.”

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FORT COLLINS, CO – Livmark Communities celebrated the official groundbreaking of The Collins Apartments at Union Park, a new 457-unit luxury rental community coming to Fort Collins. The ceremony marks the start of construction on a community designed to combine modern, high-end living with an active, amenity-rich lifestyle in one of Fort Collins’ most desirable growth corridors.
“Every choice at The Collins, from unit design to the park & amenity spaces, started with the same question: would we want to live here?” said Chris Beabout, Managing Partner at Livmark Communities. “As a local Northern Colorado company, we see Union Park as part of our long-term commitment to Fort Collins and the result of years of plotting. The Collins sets the tone for the kind of project Fort Collins needs — thoughtfully designed, connected to where people work & play, and built to last.”
Once complete, The Collins will offer 457 residences: , 233 one-bedrooms (605–906 sq. ft.), 160 two-bedrooms (1,012–1,294 sq. ft.), and 64 three-bedrooms (1,294-1,460 sq. ft.). Units will feature quartz countertops, balconies, 36″ bathtubs, kitchen islands, ceiling fans, full-size washer/dryers, walk-in closets, luxury vinyl plank flooring, and smart thermostats and locks.
The community will include a clubhouse, fitness room with yoga studio, sauna, golf simulator, an expansive pool and hot tub with cabanas, a turf lounge area with cornhole, rooftop decks facing the mountains, controlled access, locked bike storage, elevators, community-wide gig-speed WiFi, and garages with EV charging. The all-electric design will include solar panels, and residents will have simple access to nearby parks and trails.
The Collins is located in Fort Collins’ Union Park neighborhood, right off Ziegler Road and Harmony Road in Midtown Fort Collins. Residents are just minutes from Front Range Village, a premier shopping center featuring a wide mix of retail, grocery, and dining options — from everyday essentials to sit-down restaurants and coffee shops. The location also offers simple access to the Harmony Road employment corridor, a quick drive to Colorado State University, and convenient access to I-25 for commuting throughout Northern Colorado. First units are expected to deliver in Spring/Summer 2027.

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