OLYMPUS PROPERTY LAUNCHES MID-ATLANTIC EXPANSION WITH ASCEND BY THE SEA

FORT WORTH, Texas, April 2, 2026 /PRNewswire/ -- Olympus Property has acquired Ascend by the Sea, a newly constructed 216-unit Class A luxury apartment community located in Millville, Delaware—along Southern Delaware's popular Beaches corridor. This marks Olympus' first asset in the Mid-Atlantic region and a strategic step in the firm's continued expansion into one of the East Coast's fastest-growing coastal markets, where limited supply, strong population growth, and a diverse set of economic drivers support long-term multifamily performance. Olympus Property focuses on acquiring assets in markets with limited new supply and strong demand. The firm has self-managed its properties for nearly 35 years and will leverage this experience to deliver strong returns for investors and excellent service for residents.

"In recent years, the Mid-Atlantic, due to its stable apartment economics and leading employment markets, emerged as an expansion target for the Olympus portfolio," said Eduardo Miranda, Director of Investments at Olympus Property. "The acquisition of Ascend by the Sea reflects our broader strategy of targeting submarkets with favorable supply/demand fundamentals and strong population growth. Sussex County in southern Delaware alone has seen over forty percent population growth since 2010. With these dynamics, we see this as an ideal setting to drive performance and achieve long-term value for our investors."

Tailored to a growing population, the garden-style community offers spacious floorplans and access to prominent employers within the market, such as Beebe Healthcare, TidalHealth and Perdue. The property lies just four miles from Bethany Beach, which, combined with the rest of the Delaware Beaches corridor, generates seven billion dollars in annual economic activity.

About Olympus Property

Founded in 1992, Olympus Property is a full-service multifamily owner and operator based in Fort Worth, Texas. The firm owns a portfolio valued at approximately $10 billion, representing more than 39,000 units across the United States. Olympus Property focuses on high-growth markets and delivering quality living experiences for residents. The company currently owns and manages properties in 18 states. For more information about Olympus Property and its growing portfolio, please visit www.OlympusProperty.com.

CONTACT INFORMATION:
Olympus Property
Carla Zeineh
949-889-0120
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/olympus-property-launches-mid-atlantic-expansion-with-ascend-by-the-sea-302733134.html

SOURCE Olympus Property