ORANGE COUNTY, CA—PulteGroup buys massive land site to build a single-family community for adults over 55, ETCO Homes opens 460 Palms and HFF secures $28 million in financing for a five-property apartment portfolio in this week's wrap-up of deals.

NEW YORK CITY—With home ownership at a 50-year low, the acquisitions across five markets “affirm our confidence in the attractiveness of investing in high-quality multifamily rental properties,” says Investcorp's Herb Myers.

NEW YORK CITY—After just five months on the job, he departs the company to join another well known industry firm.

PLANO, TX—Developers are eying the Telecom Corridor north of downtown for multifamily developments, including one local real estate investor Abid Abedi, who will break ground this week on 19 acres at the northwest corner of Plano Parkway and Independence Parkway in Plano.