The real estate financial services company acquired HamptonHollow in Silver Spring and Springfield Apartments in Cranston, RI.Both transactions were done through the company's Arch StreetFunds.

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Hampton Hollow is a garden-style apartment community with 240units. The community was developed in 1987.

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In a statement, Lend Lease said it intends to upgrade themanagement of the property and enhance common area amenities. Thiswas the second acquisition for Arch Street III.

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Springfield Apartments is a high-rise apartment community with216 units in three nine-story buildings. The community wasdeveloped in 1989, and is the final investment for Arch StreetII.

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