Providence Square Apartments
The three-phase development was completed in 30 months, resulting in 18 residential buildings with 284 units, all designed as two-bedroom, one-bath layouts averaging 790 square feet. Residents benefit from a spacious clubhouse that features weightlifting and cardio equipment, along with a regulation-size racquetball court. In 2022, the property was converted to a long-term hold after securing a 35-year fixed-rate HUD loan at 2.91% (including MIP).
Brigham’s Mill Apartments
The project consisted of a 30-apartment, 180-bed single student complex with total development costs of $6.5 million. It was completed in 15 months, covering land acquisition, entitlement, construction, and stabilization. Upon reaching stabilization, the property was converted to a long-term hold with permanent financing.
Polo Villas
An exclusive luxury vacation community located directly across from the Coachella Music Festival grounds. The project features seven newly built, purpose-designed homes totaling 33,240 square feet, developed with a $20.2 million budget and appraised at $953 per square foot—a 58% premium over cost. Each residence was crafted for an elevated short-term rental experience, complemented by the acquisition and full renovation of 11 neighboring homes to the same luxury standard. Together, these 18 residences create a premier hospitality destination in one of Southern California’s most dynamic resort markets—developed in partnership with Bain Capital Real Estate.
Madison Station Apartments
This $56 million project features a 10-building residential community with 360 apartments and a clubhouse. Phase I, consisting of four buildings and 144 units, was completed in Q4 2024, and Phase II commenced in Q1 2025.
Rocky Ridge
Developed by Sweetwater to help meet a critical local housing need, Rocky Ridge Apartments delivers 68 thoughtfully designed workforce housing units that balance quality, affordability, and long-term community value. In partnership with the municipality, Sweetwater leveraged local development incentives—earning bonus density through enhanced landscaping and greenbelt improvements—to maximize livability and efficiency. The $5.1 million project was built, stabilized, and sold in just over 15 months, achieving a 76% IRR and a 2.1x equity multiple.
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