The full project will deliver more than 1,200 homes.

It will include residential and retail space.

Rents and sales have also seen increases during the first quarter.

Overall, the market seems steady.

The purchase involves residential and industrial assets.

"Landlords get more aggressive on deal terms," says Jason Olsen.

The asking rent was $45 per square foot.

It comes after its latest fundraising close, which was about $1.69 billion.