Brian McGeady

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    Lowe Enterprises Investors bought the 374-unit luxury community located in the heart of Danbury, Conn. Greystar will continue to manage the property.

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    Year-over-year, rents have risen by 2.8 percent, reaching an all-time high of $1,409. Among the top 30 metros, Orlando once again came out ahead with the highest rental increase, at 6.9 percent.

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    The company has taken over management operations at two recently sold communities in Virginia—the 457-unit Rivermont Crossing in Chester and the 168-unit Lafayette in Norfolk.

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