NOVO Properties (NOVO) is pleased to announce the acquisition of 1440 Chapin Street, NW, a 28-unit multi-family property located in NW Washington, DC.

JVM Realty Corporation (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced it has acquired The Aventine at Oakhurst North, a 464-unit luxury apartment community in Aurora, Ill.

Hercules Living, a family-owned and operated multifamily regional developer headquartered in Virginia Beach, Virginia, announces its recent acquisition of two residential apartment communities in Georgia. The two acquisitions represent a $64M capital investment adding 469 homes to their vast multifamily portfolio that includes properties in the mid-Atlantic and Southeast region of the US.

The Praedium Group LLC, a New York City-based national real estate investment firm, today announced the $43,175,000 acquisition of Crest at Laurelwood in Woodstock, GA. Developed in 2015, Crest at Laurelwood ("Crest") features 272 luxury apartment units in one of the highest growth submarkets of the Atlanta MSA. The Property consists of eight buildings with units featuring nine or 10-foot ceilings, cherry wood cabinetry, tiled-backsplashes and private balconies. Community amenities include a cyber café, billiards room, two-story fitness center and yoga studio, resort-style swimming pool, outdoor fireplace with TV, fire pit, dog-park and electric car charging stations. Peter Calatozzo, Managing Director of The Praedium Group, made the announcement on the investment firm's most recent acquisition.

Marcus & Millichap (NYSE:MMI) today announced its Institutional Property Advisors (IPA) division has closed the sale of Woodley Plaza Apartments, an 85-unit multifamily community in Northridge, California. The $21.25 million sales price equates to $250,000 per unit.

Mill Creek Residential, a leading multifamily investor, developer and operator specializing in premier apartment communities across the U.S., today announced the acquisition of Alister Quincy, a transit-oriented apartment community in suburban Boston.

Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) ("BRG", the "REIT" or the "Company") announced today that it has acquired the 480-unit multifamily Nevadan Apartments (the "Nevadan") in Atlanta, Georgia. The Company acquired the property through a joint venture for a total purchase price of approximately $68.25 million, or approximately $142,188 per residential unit.

Marcus & Millichap (NYSE:MMI) today announced its Institutional Property Advisors (IPA) division has closed the sale of Calibre Bend Apartments, a 212-unit luxury multifamily asset in Winter Park, Florida. The $29 million sales price equates to $137,000 per unit.

On October 14, 2016, Security Properties and Pacific Life Insurance Company purchased One Jefferson, a 347-unit, Class A multifamily property located in Lake Oswego, OR, for $78,000,000.