Mill Creek Residential Acquisition

Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has acquired Modera Newton, a contemporary midrise apartment community located along the Charles River approximately nine miles west of Downtown Boston.

Over the past 14 years, Mill Creek has also been acquiring properties — just at a much slower clip than it had been building them — primarily through one-off joint ventures. The firm does have a discretionary value-add fund, which it has used to buy four properties.

Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced the acquisition by its Mill Creek Multifamily Value-Add Fund of Alister Lake Lynn, a garden-style apartment community in Northwest Raleigh.