Focus Senior Housing Fund I LP has acquired the class A, four-property portfolio, totaling 559 units.

DASMEN Residential has acquired the five-property, 1,011-unit portfolio, located in Orlando and Tampa.

The developer of Cross Creek Ranch is only more bullish on the Malibu market following the pandemic.

"We believe in downtown," said Carlos Melo, a principal in the Melo Group. "For us, it is not only the units. It is to bring something more to our communities where people can start enjoying where they live. It is the people who are the soul of the neighborhood."