ANTIOCH, TN – FCP announced the acquisition of Hickory Lake Apartments, a 322-unit multifamily property at 3940 Apache Trail in Antioch, TN in the Nashville MSA. The acquisition of Hickory Lake marks FCP’s 6th transaction in the Nashville market, and the first since 2022. FCP assumed a HUD loan as part of the transaction, but further terms were not disclosed.
“The acquisition of Hickory Lake Apartments provides FCP with an affordable community in a location proximate to Nashville’s largest employment centers,” said FCP’s Scott Reibstein. “We are excited to be back in the rapidly growing Nashville market. FCP is thrilled to acquire Hickory Lake, a community that supports our commitment to the preservation of affordable and workforce housing. As Nashville continues to grow, properties like Hickory Lake are of vital importance for residents.”
Hickory Lake Apartments are located near I-24, one of Nashville’s principal north-south corridors, providing access to the I-24 South Industrial Corridor as well as to downtown Nashville, Nashville International Airport, Brentwood, and the Century Farms mixed-use development.
The income-restricted community features one-, two-, and three-bedroom units with lush landscaping, two swimming pools overlooking a private lake, as well as a playground, grill and picnic areas.
FCP extends its appreciation to Zac Wracher of The Kirkland Company for his representation of the seller.

DETROIT, MI – MedCore Partners in partnership with REDICO/American House has completed the acquisition of two (2) senior living communities located in Troy and Rochester Hills, Michigan (Detroit MSA). The communities will be operated by American House under the brands American House Somerset and American House Hampton Village, respectively.
“MedCore is excited to partner with American House and to expand its existing senior living portfolio to now include Michigan” said Brian Bollich, one of MedCore’s four founding partners. “This purchase highlights our investment program of purchasing value-add opportunities with significant location upside, strong cash flow, and operational improvements. The acquisition team hopes to leverage each asset’s central location to healthcare options, as well as recreational and lifestyle amenities to position them for steady value enhancement.”
MedCore currently owns and manages senior living communities in Texas, Oklahoma, Arizona, Florida, Nevada, Oregon, Utah, and Washington. This acquisition will bring MedCore’s seniors housing portfolio to 9 states and 22 assets with approximately 2,700 beds. The operator, American House, having grown to now operate more than sixty communities, has a strong presence in Michigan as well as throughout the Midwest, Southeast and New England.
Dallas based MedCore Partners is a full-service real estate company dedicated exclusively to the healthcare and senior living industry. MedCore has built trusted relationships with both healthcare providers and numerous capital sources to successfully execute the development, acquisition, construction, financing, and leasing of healthcare facilities. Leveraging its intimate knowledge of medical sector dynamics with its comprehensive platform of real estate services offered.

SAN DIEGO, CA – Toll Brothers Apartment Living, the rental division of Toll Brothers (NYSE: TOL), the nation’s leading builder of luxury homes, in partnership with PGIM Real Estate and general contractor Swinerton, announced the topping out of The Lindley. Located at 1331 Columbia Street in San Diego, California, this new community will feature 422 apartment and penthouse residences, upscale amenities, unrivaled rooftop views, and over 12,000 square feet of retail space. Totaling over 800,000 square feet, The Lindley will be one of the largest multifamily communities ever developed by Toll Brothers.
A topping out event was recently held at The Lindley to celebrate this construction milestone and was attended by over 300 guests, including development partners, local officials, and the project s construction team. Financed with a construction loan facility from BNY Mellon and Wells Fargo, construction commenced in 2022 and residential occupancy is anticipated in late 2024.
“The Lindley represents our commitment to delivering top-tier multifamily communities in sought-after locations,” said John McCullough, President of Toll Brothers Apartment Living. “We are thrilled to top out this new community, Toll Brothers Apartment Living s first in San Diego, and look forward to offering an exceptional living experience in one of the city s most desirable neighborhoods.”
The Lindley’s elegant architectural design reflects the sophisticated San Diego lifestyle the community provides, featuring an array of studio, one-bedroom, and two-bedroom apartment homes and penthouses, complemented by over 12,000 square feet of retail space. Residence features include quartz countertops with ceramic tile backsplashes, stainless steel appliances, custom cabinetry, oversized closets, smart home features, and private balconies. The community is set to redefine luxury living with its state-of-the-art amenities, including an indoor/outdoor fitness center with Pilates and yoga studios, sauna, and cold plunge; saltwater pool with cabanas, grilling areas, and firepits; and 37thfloor sky lounge and deck with piano lounge, private dining, and outdoor theater, enhanced by expansive, breathtaking bay views. The community is being constructed to meet LEED Gold certification standards, and the parking garage will include EV charging stations.
The topping out of The Lindley represents a great milestone for Toll Brothers and our expansion in Southern California, said Michael McCann, Managing Director of Toll Brothers Apartment Living in the West Region. The Lindley s strategic location and striking architecture embody the essence of San Diego s dynamic culture and charm. We are excited to contribute to the growth of this neighborhood as it continues to become a center of upscale urban living.

COLLEGE PARK, MD – Gilbane Development Company, Amazon, Metro, City and County officials, partners, residents, and members of the community gathered to celebrate the Grand Opening of Atworth, a transit-oriented, mixed-use affordable apartment community in College Park, MD. The project is reserved for tenants with incomes at or below 80 percent of area median income (“AMI”), and the units will maintain affordability for the duration of the 98-year ground lease.
Local officials and project stakeholders welcomed the residents to their new community and spoke on the positive impacts and opportunities Atworth has created for the College Park community.
Attendees of the event enjoyed guided tours of the property, providing them with an up-close look at the sleek and sustainable design features and amenities that Atworth has to offer.
Atworth is located at 4201 River Road, College Park, MD, near The University of Maryland, and just steps from the Metro, MARC & future MTA Purple Line, making it a convenient hub for transportation and connectivity.
This 451-unit community offers featuring a 324-space structured parking garage, 5,000 SF of ground floor retail space, a collection of affordable Studio, 1, 2, and 3-Bedroom apartments designed with artistic elements and modern flair, to meet the needs of all Prince George’s County residents. Each apartment features high-end finishes, state-of-the-art appliances, and expansive windows that offer breathtaking views of the surrounding landscape.
Residents enjoy onsite amenities which include a resort-style pool, fitness center, yoga studio, a rooftop terrace with a future herb garden, a pet spa and two clubhouses. The community also features a variety of green spaces, including two courtyards complete with BBQ grills, firepits and TVS, providing residents with a peaceful retreat in the heart of the city.
“Atworth is more than just a new community – it is a testament to what can be achieved through collaboration and innovation,” said Robert Gilbane, Jr, Senior Vice President of Gilbane Development Company. “By strategically integrating residential and retail spaces near key transportation hubs, we foster a vibrant community that reaps numerous benefits for the community. We are proud to have worked with Metro and the Amazon Housing Equity Fund to provide the College Park community with innovative and affordable housing.”
“We are proud to be a part of this project to create affordable housing at our stations, providing access to Metrorail, Metrobus, and other transit options,” said Metro Executive Vice President and Chief Financial Officer, Yetunde Olumide. “Through our industry leading transit-oriented development program, we are working to create diverse, equitable, and sustainable communities and confronting the challenges of housing affordability facing so many people in our region.”
“The Atworth College Park project is a testament to collaborative action. With backing from WMATA via a ground lease, support from Prince George’s County through PILOT assistance, and vital financing from the Amazon Housing Equity Fund, this initiative demonstrates how diverse stakeholders can unite to address critical community needs. It is partnerships like these that can create truly equitable housing,” said Senthil Sankaran, Managing Principal, Housing Equity Fund.
“Atworth is emblematic of what is possible when we in the public sector work with our private sector partners to achieve regional housing and transportation goals. The result of this collaboration is highly sought after transit-oriented investment here in Prince George’s County,” said Jim J. Chandler, Assistant Deputy Chief Administrative Officer for Economic Development, Office of the County Executive for Prince George’s County.
Metro has ground leased a portion of its station property to Gilbane Development Company for the project, under Metro’s Joint Development Program. A $56.3 million low-rate loan to Gilbane Development Company funded by Amazon’s Housing Equity Fund ensured the project was able to provide critical workforce housing affordable to families earning 80 percent of area median income (AMI) for the entire term of the 98-year lease.

HOUSTON, TX – Ascendant Capital Partners, a vertically integrated real estate investment and operating platform, and Culver Investment Partners, a multifamily investment platform focused on existing core-plus and value-add multifamily communities, announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million. The acquisition marks Ascendant and CIP s first deal together and the first investment for CIP s new platform.
The Elle Collection comprises three multifamily assets – Elle at the Medical Center, Vie at the Medical Center, and Plaza Townhomes at the Medical Center – totaling 470 units. This strategic acquisition aligns with Ascendant and CIP’s investment focus on acquiring well-located residential assets in high-growth markets with strong fundamentals.
We are excited about this latest addition to our portfolio, said Russell Gimelstob, Founder and Chief Executive Officer of Ascendant. The Medical Center is a dynamic submarket that has multiple demographic demand drivers, including a growing job market, concentration of world-class medical facilities and research institutions, and is home to medical professionals, researchers, and support staff, all of whom need access to high quality housing. We look forward to partnering with CIP to deepen our presence in Houston and enhance the value of these properties through our operational expertise. Looking ahead, we expect to remain active deploying equity and structured capital solutions across the hospitality and residential sectors.
We are pleased to acquire this portfolio that provides needed housing in Houston s fast growing Medical Center neighborhood, said Jeremy Basloe, Founder and Managing Partner of CIP. The portfolio has three differentiated offerings catering to the needs of the residents in the submarket. We believe by acquiring this portfolio at such an attractive basis and implementing our operational and capital-intensive business plan, we can provide residents with a high quality of living while also delivering returns to our investors. We are eager to continue to capitalize on the current market dislocation to execute attractive and accretive acquisitions across Texas and the Sunbelt regions.
The Elle Collection benefits from its prime location within the Medical Center, one of the largest medical districts in the world. The Medical Center is a major economic driver for Houston, attracting a strong tenant base of medical professionals and students. The partnership will seek to implement a strategic capital improvement plan to enhance the resident experience at the Elle Collection properties.

HOUSTON, TX – Clearwater Living, a real estate and property management company dedicated to the ownership, operation and development of high-quality senior living communities, announced the acquisition of The Watermark at Houston Heights, a 220-unit, luxury assisted living and memory support community in Houston. Clearwater Living has rebranded the community as Clearwater at The Heights.
“We are very pleased to add Clearwater at The Heights to our portfolio of Class A senior living communities,” said Danielle Morgan, Clearwater Living’s president and COO. “Each of our communities epitomizes our steadfast commitment to offering residents the essential emotional, physical and social experiences that allow them to thrive. We are excited to expand into Texas and bring Clearwater’s passion for empowering seniors to Houston Heights, a historic neighborhood known for maintaining its sense of community in the heart of one of the country’s largest cities.”
Located at 1245 W. 18th Street between ETC Jester Boulevard and Durham Drive, the seven-story property consists of 201 independent or assisted living residences and 19 memory care apartments with sophisticated and contemporary finishes. Floor plans include private studios and one- and two-bedroom layouts.
The community also boasts a variety of amenities that Clearwater’s five-star, resort-style living is known for, including 24-hour concierge service; housekeeping; four different restaurant experiences featuring chef-driven cuisine and fresh ingredients; an outdoor heated pool that can be used for aerobics classes and therapy; a salon with an on-site spa; a golf simulator; an art room; and fitness rooms with yoga and other wellness classes.
Located in the nation’s fourth largest city, the Houston Heights area is recognized for its rich architectural heritage and close-knit community ambiance. As an integral part of Houston, this neighborhood benefits from its vibrant cultural landscape, world-renowned culinary scene, and a variety of living options making it an ideal location for seniors seeking to participate in an active, culturally immersive experience embodying the essence of Southern hospitality.
Clearwater is dedicated to fostering healthy living and empowering lifestyles within the community. Residents of Clearwater communities regularly enjoy access to a licensed nurse onsite, round-the-clock compassionate care partners, medication coordination, and regular monitoring, among other comprehensive care services. Through a collaboration with local care providers, Clearwater also offers physical therapy, occupational therapy, and speech-language pathology services. These offerings epitomize Clearwater’s philosophy of Empowered Living, where individuals experience enriching emotional, physical, and social interactions in a stimulating, yet comfortable setting.
Clearwater Living actively acquires, develops and operates a full range of senior housing communities throughout the western United States. Clearwater at The Heights is the company’s first Texas location. Clearwater currently features eleven communities across California, Nevada and Arizona, with more properties currently under development.

CHICAGO, IL – The Saint Grand, a co-development and joint venture between Mavrek Development, Double Eagle Development, Luxury Living, and GW Properties, began welcoming its first residents. The mixed-use development is located in the heart of Chicago’s Streeterville neighborhood. The Saint Grand includes 248 Class A luxury apartments at 218 E. Grand Ave, 45,000 square feet of offices at 535 N. St Clair, and 8,000 square feet of street-level retail at the corner of Grand Avenue and N. St. Clair.
“The Saint Grand’s apartments fuse vibrant Chicago living into sophisticated design, seamlessly integrated with the thriving Streeterville community,” said Aaron Galvin, Founder of Luxury Living. “After the first few weeks of leasing, we are thrilled by the initial traction.”
The Saint Grand’s apartments feature a mix of floorplans ranging from studios to 2 Bedrooms + Dens, emphasizing in-unit workspaces and private outdoor space to accommodate post-pandemic renter preferences. A suite of community amenities includes a state-of-the-art fitness center, co-working spaces with ten private study/work rooms, upscale lounges, and a rooftop pool deck scheduled to open in May.
“The Saint Grand offers highly requested amenities, including in-unit workspaces to accommodate work-from-home and private outdoor space,” said Galvin. Using real-time rental trends to inform this property’s architecture, design, and operations has been incredibly helpful. Initial feedback is proving our development thesis resonates with renters.”
In addition to the multifamily offering, the property includes The Offices at The Saint Grand, 45,000 square feet of flagship Class A office space located at 535 N. St Clair. The two full floors of office space also include private outdoor space, modern ventilation systems, and other intentional post-pandemic health safety elements. Office tenants will benefit from accessing and enjoying the apartment amenities.
“As one of the most active development groups in Chicago, we’re thrilled with the market’s reaction to The Saint Grand,” remarked Adam Friedberg, CEO at Mavrek. “In the coming weeks, we will be unveiling a lineup of exciting retail tenants poised to elevate the neighborhood’s vibrancy and enrich the experiences of both residents and office tenants.”
Double Eagle President Andrew Juiris added, “The Saint Grand is already exceeding expectations. We couldn’t be happier with the level of luxury and quality the property offers residents, shoppers, and employers.”
Along with the development team, The Saint Grand is the result of collaboration among industry leaders NORR (architecture), Lendlease (construction), Harken Interiors (interior design), and Cushman and Wakefield, who will oversee residential and commercial property management.

OAKLAND, CA – Cityview, a premier multifamily investment management and development firm, has completed Portico, a 378-unit multifamily project in Oakland, California. Now welcoming residents, the eight-story opportunity zone project is located in the fast-growing Brooklyn Basin master-planned community.
An ideal mix of urban energy and natural serenity, Portico combines access to city living with a serene waterfront setting. The project features a mix of studio, one-, two- and three-bedroom apartments as well as townhomes. More than 80% of the units overlook the water with stunning bay views.
Portico provides 378 units of waterfront housing in one of the fastest growing and most vibrant areas of Oakland, said Sean Burton, CEO of Cityview. Cityview was able to leverage our extensive experience developing both in the Bay Area and in opportunity zones to deliver highly amenitized, ideally located housing for the community.
Portico is a controlled access community that features amenities designed to help residents relax and rejuvenate, including a rooftop sky lounge, a resort-style pool and spa deck and a park-like outdoor courtyard featuring fireplaces, outdoor games and a community garden. The community s indoor/outdoor fitness space features state-of-the-art equipment and a movement studio, while the clubhouse, community wine room, game room and leasing lobby lounge provide space for residents to connect and entertain. A pet-friendly community, Portico also features an outdoor pet spa and pet park.
Portico s units offer a Latch smart home system that includes keyless entry and smart thermostats, elevated finishes, stainless steel appliances, large closets, air conditioning, in-suite full-sized washer and dryers, luxury vinyl plank flooring and kitchens with fully tiled backsplashes as well as hard quartz countertops.
Managed WiFi will be available throughout the community, and technology-enabled workspaces as well as meeting rooms are available for those who work from home. The project also offers 331 parking spaces for residents and guests.
Designed to meet LEED Silver standards, the community s sustainability features include low-flow fixtures, Energy Star certified appliances, a solar thermal system that helps provide hot water for units and energy efficient windows.
Portico residents have access to Brooklyn Basin s extensive waterfront recreational and retail amenities, which will include a network of waterfront parks, a promenade, restored wetlands, a pedestrian and bicycle trail system, event space for concerts and art exhibits and 200,000 square feet of retail, dining and shopping space. Situated on 65 acres of formerly inaccessible industrial land, the master-planned community features panoramic views from San Francisco to the East Bay hills.
Residents also have access to Brooklyn Basin s private transit shuttle service, which provides seamless transfer to the water ferry in Jack London Square as well as the BART stations in Lake Merritt and downtown Oakland. The project is also minutes away from Interstate 880, allowing a short commute to San Jose, San Francisco and Berkeley.
Located on the Oakland Estuary, Portico is near some of the area s most notable attractions, including Jack London Square, Oakland Museum of California, Lake Merritt, Fox Theater, USS Potomac and the Oakland Convention Center.
Cityview partnered with general contractors James E. Roberts Obayashi and Webcor, architecture firm AC Martin and interior design firm Nadia Geller Designs on Portico. Located at 37 8th Ave., the project generated more than 2,000 jobs for the community.
Cityview s other recently completed projects include Jasper – a 296-unit opportunity zone project near Downtown Los Angeles, The Parker – a 123-unit multifamily project in West Los Angeles, and Atrio – a 276-unit value-add renovation in Burbank. The firm continues to be active in both development and value-add projects across the Western U.S., including redeveloping obsolete office and retail sites in Denver and San Diego.

CHARLESTON, SC – West Shore, a fully integrated real estate investment firm with a specific focus on the acquisition and management of multifamily assets, announced its acquisition of The Preserve at Essex Farms in Charleston, South Carolina. The purchase marks a major milestone for the fast-growing company, as it now owns and operates more than 15,000 units across the southeastern and southwestern United States since its founding less than eight years ago. This is West Shore s ninth purchase in the Palmetto State, increasing its total units under ownership and operation in South Carolina to nearly 2,500.
The Preserve at Essex Farms is conveniently located in the West Ashley neighborhood of Charleston, an established and growing area that provides access to both employment and lifestyle destinations, earning its recognition as one of the top cities ranked by Travel + Leisure for the last eight years.
The property offers an attractive array of apartment options, from studios to three-bedroom units in a variety of layouts including townhome-style homes. These upscale apartments feature fully equipped, modern kitchens, in-unit washers and dryers, large private balconies, and spacious living spaces. Preserve also provides exceptional amenities such as a pool, 24-hour fitness center, coffee bar, and more. The apartment community is pet friendly and caters to residents needs, including offering a leash-free park and spa for furry companions.
Our continued investment in the southeast, highlighted by our acquisition of The Preserve at Essex Farms in Charleston, marks a historic moment in West Shore s sustained and impactful growth as the firm now owns and operates over 15,000 units across the United States, said Lee Rosenthal, President of West Shore. This acquisition and the 15,000-unit milestone West Shore achieved in under eight years underscores the success of our strategy that blends an entrepreneurial approach with institutional investment discipline in the ownership and operation of multifamily assets.
The Charleston MSA has experienced an unprecedented 23% growth over the past decade, which is nearly three times the national average, positioning the area for continued rent and economic growth. The Preserve at Essex Farms provides a blend of urban and suburban living, providing easy access to shopping, dining, entertainment, and downtown attractions as well as units that offer a collection of amenities delivering modern solace and effortless style. Additionally, the apartment community offers easy access to Kiawah and Folly Islands, renowned for their miles of pristine beaches.
The Preserve at Essex Farms is an exceptional apartment living experience located within a metro area that continues to benefit from unprecedented job growth and impressive levels of capital investment, said Steven P. Rosenthal, Chairman of West Shore. Charleston has the highest concentration of young professionals among all mid-size metros and continues to attract residents and jobs thanks to the area s historic charm, temperate climate, and booming economy. The achievement of owning and operating 15,000 units is a landmark that highlights our successful growth and corporate strategy.

CONYERS, GA – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in partnership with Nuveen, announced the start of leasing at Emblem Conyers, Quarterra’s latest community in the Atlanta market.
Emblem Conyers is a 264-home garden-style community in Conyers, Georgia, a charming town on the eastern edge of the Atlanta Metro Area. Conyers offers the best of both worlds, pairing a small town feel with urban shopping and cultural opportunities. The area features excellent schools, convenient retail and exceptional regional accessibility. Emblem communities were created by Quarterra to help address the nationwide shortage of attainable housing available to middle-income renters. Emblem Conyers is part of Lennar’s larger Miller Pointe development, which will also include 95 single-family homes.
“Emblem Conyers offers an elevated living experience in an incredibly enviable location,” said Doug Bober, Emblem Communities Division President for Quarterra. “Conyers has its own identity, with a historic downtown district and community festivals, yet maintains its connection to Atlanta. Emblem Conyers was designed to put residents in touch with their local neighborhood and within reach of that big city energy. And the Emblem brand ensures attainable housing with resort-style amenities, well-appointed designer homes and an ideal location.”
Emblem Conyers positions residents to soak in the area’s natural beauty and enjoy the outdoors, whether it’s exploring nearby Johnson Park, Wheeler Park, Lake Varner, Jackson Lake or Lake Oconee, or participating in the recreational opportunities at Earl O’Neal Sports Complex. Situated at 2365 Georgia Route 20 SE, the community puts residents within quick reach of local dining, including Jim ‘N Nick’s Bar-B-Q, Cielo Mexican Grill, Tropical Smoothie Café, Zaxby’s Chicken Fingers & Buffalo Wings, Mellow Mushroom, Kumo Hibachi and Sushi, Dunkin’ and Starbucks. Essentials can be procured blocks away at Conyers Commons, anchored by Target and Publix, or Stonecrest Mall.
From its location on Georgia Route 20, the community is just minutes from Interstate 20, leading to Atlanta and Covington, as well as major regional employers like Pratt Industries, Rivian, Rockdale Medical Center, Jet Corr and Hillphoenix.
Emblem Conyers consists of one- and two-bedroom apartment homes, with carefully curated floor plans ranging from 774 to 1,194 square feet. The SmartRent-equipped community is highlighted by convenient, energy-saving IoT technologies. Kitchens include stainless steel Whirlpool appliances, quartz countertops, tile backsplashes and pendant lighting over islands. Luxury vinyl plank floor is featured throughout, with carpeted bedrooms and walk-in closets. Bathrooms are adorned with quartz countertops, and oversized tubs with tile surrounds.
All residents have access to a modern clubhouse with spacious social lounge, resort-caliber pool with an expansive sun shelf, multiple outdoor grill stations, package lockers, dog park and 396 parking spaces (including 30 garages).