DALLAS, TX – Lion Real Estate Group, an investment firm focused on multifamily properties in the Sun Belt states, announced that it has acquired 240-unit District 2308, a Class B multifamily property located in Arlington, TX, approximately two miles north of AT&T Stadium, home of the Dallas Cowboys, and Texas Live!
Ben Kriegsman, Director of Acquisitions at Lion, said, District 2308 is our second acquisition in our third discretionary fund and represents an incredible opportunity for us to bring our proven, value-add program to another asset in the robust Dallas-Fort Worth (DFW) Metroplex. Lion now owns 2,226 units in DFW, and we are committed to growing our portfolio across the Sun Belt and Southeast by acquiring additional communities at an attractive basis.
To ensure that District 2308 meets Lion s high-quality standards and is in line with the rest of its Dallas-Worth Worth portfolio, the Firm plans to renovate 100% of the unit interiors with stainless steel appliances, quartz countertops, new flooring, refreshed paint, among other premium upgrades. Focusing on a niche sector allows for bulk pricing and reduced renovation costs per unit. Lion also intends to make improvements to amenities and common areas at the property.
Current market dynamics, our access to accretive fixed-rate financing, and our vertically integrated management platform separate Lion from many other real estate investment firms, allowing us to confidently deliver robust cash flows and risk adjusted returns to investors while providing quality housing to our communities, added Kriegsman.
The Firm recently onboarded a President of Operations and a Vice President of Marketing who will play an integral role in the Firm s rapidly expanding operations across the country.

DENVER, CO – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, announced the start of leasing at Kindred Apartment Homes, joining Citizen West 10, as Quarterra’s second community in Denver’s historic Golden Triangle neighborhood.
Kindred is a 224-home high-rise community in the heart of one of Denver’s oldest and most refined neighborhoods, situated amid the city’s top museums, art galleries and civic institutions. Mirroring the local art-centric and eclectic vibe, the community’ design-forward vibe blends in among the casual cafés, upscale restaurants, vintage shops and public murals that define the city’s civic center. The property also features 3,800 square feet of retail space of its own, featuring Nanas Dumplings and Dim Sum and GoodVets. With unparalleled walkability and bike access, Kindred connects residents to neighborhood attractions, as well as Lower Downtown Denver.
“Kindred puts residents within walking distance of all the top cultural sites in Denver. The Golden Triangle is 45 square blocks of art, education, destination dining and unique bespoke shops,” said Chris Gillies, Quarterra City President. “Kindred establishes itself within the neighborhood due to its uncompromising design and living experience. Residents find themselves not only in an enviable location within the city, but surrounded by a modern and thoughtfully designed building that emphasizes comfort and convenience. We’re enlivened to deliver this exceptional lifestyle-focused opportunity and continue our leading role in energizing one of Denver’s most remarkable neighborhoods.”
Located at 180 W. 10th Ave., Kindred is surrounded by cultural institutions, including the Museum of Contemporary Art Denver, Colorado Convention Center, Denver Art Museum, History Colorado Center, Civic Center Park, the U.S. Mint and Denver Public Library. The community is also just a short distance from the city’s major sports and entertainment venues — Empower Field at Mile High, Ball Arena and Coors Field.
Quarterra is leading the re-emergence of Denver’s historic Golden Triangle neighborhood. A prominent resident neighborhood roughly a century ago, the Golden Triangle had been relegated to overflow parking for Downtown Denver, with little to no social or economic activity. Through Kindred and associated developments, Quarterra is rejuvenating the neighborhood and helping to reinstate its status in the city.
Ideal accessibility is facilitated by nearby major city routes, including Broadway and Speer Boulevard. These thoroughfares provide quick access to Denver’s Regional Transportation District (RTD) bus routes, FasTracks light rail line and Amtrak trains via Union Station. The community is also just minutes from Interstate Highways 25 and 70, leading to all ends of the city, state and beyond.
Kindred consists of studio, one- and two-bedroom apartment homes, ranging from 458 to 1,366 square feet. Modern in-home features include View smart windows (select homes) and smart thermostats. Spacious kitchens are appointed with stainless steel appliances, ceramic tile backsplashes, designer faucets and quartz countertops. Spa-style bathrooms include tile flooring and shower surrounds. Kitchens and living areas feature luxury vinyl plank flooring, while bedrooms are carpeted. Bedrooms also come equipped with expansive closet space. All homes include full-size in-home washers and dryers. Select homes are designed with kitchen islands, dedicated work-from-home spaces and mud rooms to accommodate the active Colorado lifestyle.
Community amenities include a sixth-floor spa and deck with outdoor fire pits and gaming areas. A 14th-floor view lounge offers exquisite panoramic views of the city and Front Range mountains, while a community lounge features billiards, shuffleboard and a catering kitchen. Residents also have access to a 24-hour fitness center, pet porch with dog run, bike storage area, resident storage spaces, and a five-floor parking garage with 13 electric vehicle charging stations. As part of Quarterra’s energy efficiency efforts, the property also includes solar panels and a green roof.
Kindred is Quarterra’s eleventh Denver Metro community, joining Parkhouse, Sync36, Strata, Canvas, Beacon 85, Camber, Citizen West 10, Emblem Gateway, Jayne, Malbec at Vallagio and Radiant.

DALLAS, TX – Noel Management, a leading multifamily housing operator focused on acquiring, managing, upgrading, and selling large-scale multifamily housing assets since 1985, announced today the launch on a new division to oversee all management functions for multifamily owners across select Texas markets.
Noel Management specializes in the full range of property management services, including acquisition, advisory, maintenance, lease-up, and marketing. With professional relationships spanning decades in the multifamily housing space, Noel Management offers apartment owners a competitive advantage through offering vertically integrated services designed to increase revenue and reduce operating costs.
The core leadership team at Noel Management consist of Lenny Licht, CEO and Stephanie Allen, Vice President of Operations, who together bring more than 75-years of industry experience to the table. Mr. Licht began his career with the Henry S. Miller Company, during his tenure as Assistant to the President, and Vice-President of the Multifamily Division for the Henry S. Miller Management, the division grew units under management seven-fold. Mr. Licht funneled this expertise into his own brainchild, Noel Management. Allen is an industry veteran with over three decades of experience in all aspects of property management, including acquisitions, dispositions, new construction, lease-ups, and value add opportunities.
The firm s success lies in its proficiency in anticipating market trends and developing a unique, aggressive strategy of capitalizing on growing in-place cash flows and optimizing expenses. Historically, the company has been successful in operating properties at approximately $300 per unit less than competitive management firms through a formula of reducing controllable expenses. Since its inception, Noel Management and its affiliates have owned, managed, brokered, and financed over 10,000 multifamily units, totaling over 1.1 billion dollars in value.
Noel Management is also leveraging the latest technology to transform cost structures, reduce human intervention and redundant tasks. The firm is deploying a leading edge AI-leasing platform by 365 Connect, which is designed to mitigate time on market for vacant units through automating the entire leasing process, giving the company the ability to deliver leases for signature and collect move-in fees within 60 seconds of an applicant s approval around the clock.
Lenny Licht, CEO of Noel Management, stated, “With our tract record of outperforming competitive properties in the markets we serve through focusing on maximizing revenues and prudently managing expenses, now is the perfect time to bring our services to market, especially with so many multifamily owners struggling to navigate today s changing economic headwinds. We look forward to executing our game plan and delivering exceptional returns for our managed portfolio clients.
Noel Management will begin onboarding managed communities starting in March. Management services will include operations, maintenance, employee development and training, customer service, revenue management, marketing, budgeting, leasing, and resident retention. More information is available at www.NoelManagement.com

WILMINGTON, NC – Middleburg Communities announced it has closed on an approximately 30-acre land parcel located at the intersection of S 17th Street and Independence Boulevard in the coastal city of Wilmington, where it will develop a dynamic build-to-rent community, Hamlet Barclay West. The 280-unit neighborhood development will be located across the street from The Pointe at Barclay, Midtown Wilmington s premier dining and entertainment destination, and will feature a mix of cottages, duplexes and townhomes.
Wilmington s explosive growth over the years has resulted in strong demand for high-quality, build-to-rent communities like Hamlet Barclay West, stated Alexi Papapieris, Senior Vice President of Development for Middleburg s Carolinas Region. We are excited to break ground on this project and deliver a product that meets the needs of the market and offers a lifestyle that is coveted by individuals and families alike.
Hamlet Barclay West, situated less than 20 minutes from nearly everything Wilmington has to offer, including Historic Downtown Wilmington, Wrightsville Beach, Carolina Beach, the University of North Carolina-Wilmington and all major employers, will offer the benefits of traditional single-family living without the requirement of a down payment or property maintenance. The community will feature a neighborhood-style design that is characterized by tree-lined streets, pocket parks and shared greenspaces, while all units will have spacious layouts, private entries and backyards.
The amenity-rich development will offer a variety of one-, two- and three-bedroom floorplans, with all units featuring high-quality interior finishes, such as quartz countertops, stainless steel appliances, shaker wood cabinets, tile backsplashes, and luxury vinyl plank flooring. What s more, the community will have numerous amenities throughout, including a clubhouse with a resort style pool and fitness center, electric vehicle charging stations, a dog park, a pet spa and more.
Wilmington s strong underlying fundamentals and rapid growth are illustrative of Middleburg s investment criteria and the cities it looks to invest in throughout the Sunbelt. Wilmington s economy is driven by industry leaders in healthcare, education and manufacturing including General Electric, Verizon, Duke Energy, Novant Health, Wilmington Health, UNC Wilmington, Cape Fear Community College, Pharmaceutical Products Development, Corning and The Port of Wilmington.
According to Austin Knapp, Partner and Senior Managing Director of Development, Wilmington is a city that we project will continue to experience robust population inflows and investment activity over the long-term as it offers the charm, quality of life and employment drivers that make it an ideal place to live, work and play.

DENVER, CO – April Housing, a Blackstone Real Estate portfolio company, and Dominium, a leading affordable housing owner, developer, and manager, announced plans to develop 222 age-restricted units of new affordable housing in Aurora, Colorado. In line with April s mission to preserve and create new affordable housing across the country, Blackstone is providing $37 million of tax credit equity to begin development of the community, which will be named Atria at Metro Center.
This builds on April Housing and Dominium s development of 568 low-income tax credit units to date, bringing the total to nearly 800 new, affordable units, made possible by the relationship with Dominium and Blackstone s cumulative $116 million investment.
Atria at Metro Center will be an age-restricted, seniors property, which will be available to those earning on average at or below 60 percent of the area median income. The property will be situated in Aurora near the light rail and several major highways, convenient shopping and medical centers, and Denver International Airport. Atria at Metro Center will feature several community amenities including a clubhouse, business center, exercise facility, library, and beauty salon. The development will also include a pocket park and public art.
Dominium is excited about the opportunity to be able to create 222 new affordable homes for Colorado seniors. It s taken a team of committed lenders along with April Housing as an equity partner to be able to start construction on these important homes, said Ron Mehl, Dominium s Senior Vice President & Project Partner in Colorado.
We are delighted to build our third affordable community in partnership with April Housing and Blackstone, said Mark Moorhouse, Managing Partner and Executive Vice President of Development at Dominium. Both April Housing and Blackstone have been tremendous partners, and we couldn t be more excited about what we can accomplish together for the residents and communities we serve.
Creating communities like this one adds to critically needed affordable housing supply while facilitating financially stable, independent lives for seniors, said Alice Carr, CEO of April Housing. We are proud to be part of this development project, are grateful for Blackstone s investment and look forward to continuing to grow our relationship with Dominium.

PEABODY, MA – Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, announced construction has commenced on its latest Alexan community, a 180-unit, luxury multifamily residence in Peabody, Massachusetts. TCR will serve as both the developer and general contractor on the project.
Alexan Peabody, a four-story, luxury multifamily development, will be located at 128 Newbury Street along Route 1. Construction completion is anticipated for Q4 2025. Alexan Peabody will offer both market-rate and affordable studio, one-bedroom, two-bedroom, and three-bedroom units. Permitted as a 40B development, 25% of the units will be allotted as affordable housing at 80% of Area Median Income.
Each unit will be equipped with stainless steel appliances, wood-style plank flooring, in-unit washers and dryers, and spacious walk-in closets. Additional first-class amenities include a resort-style pool, outdoor courtyards, grilling stations, a state-of-the-art fitness facility, a business center, and a resident event room complete with a gourmet kitchen, gaming room, and library.
Ideally situated along Route 1 just one mile north from I-95/Route 128, Alexan Peabody will provide residents convenient commutes to the region s largest employment corridors in Boston, Cambridge, Burlington, and Waltham. Nearby lifestyle centers including MarketStreet Lynnfield and Northshore Mall which will provide plentiful dining and entertainment options for residents after work and on weekends.
Alexan Peabody provides much-needed market-rate and affordable housing to Boston s North Shore. The development of the site will beautify a previously clear-cut parcel of land, and we re appreciative of the cooperative working relationship with the neighbors and the City of Peabody that helped make this project possible, said Andy Huntoon, Managing Director, Northeast Division of Trammell Crow Residential. We believe there is an incredible opportunity to continue to meet Greater Boston s housing demand while creating jobs and providing solid risk-adjusted returns for our financial partners.
Last year, TCR announced the groundbreaking of Alexan Waltham, a 210-unit luxury multifamily community in Waltham, Massachusetts, slated to be completed in Summer 2025. With the addition of Alexan Peabody, TCR s Northeast apartment portfolio has more than 1,600 apartment units in various stages of development.

FRAMINGHAM, MA – The historic Bancroft building, which dates back to the early 1900s, has been preserved and given a new purpose by Washington Square Ventures, which has transformed the former factory into 258 apartment homes that are professionally managed by Greystar. The project was awarded a 2023 Preservation Massachusetts Mayor Thomas M. Menino Legacy Award, which recognizes excellence in historic preservation statewide.
The Lofts building is an old mill building that has served as a car manufacturing plant as well as other crated goods throughout the 20th century and was previously home to artists at the Fountain Street Gallery. Some of the industrial components, like raised beams and factory-style windows, have been restored and remain in the Loft building.
“The Bancroft Building is a key piece of Framingham’s economic history, having served several purposes throughout its life, and we wanted to make sure it endured for another purpose,” said Matt Faris, Co-Founder and Managing Partner of Washington Square Ventures. “It began its life as a shoe factory, served as a military supply factory as Bancroft Cap Company, and even saw Bay State Autos manufacture automobiles.”
A brand-new building on the property, The Vista, is a ground-up traditional apartment building and features sweeping views of Farm Pond, while the site’s former power station has been transformed into a 4,500 sq. ft. amenities hub highlighted by a resort-style swimming pool, lounge with TVs, fire pits and turf, outdoor grilling stations, and a top-notch fitness center inside. Washington Square Ventures is also working on a second phase of Bancroft Lofts with an expansion that would add 300 more apartment homes to the community.
Washington Square Ventures spent the time lovingly restoring the Bancroft Building, using sustainable building practices, and now Bancroft Lofts is a great example of Framingham’s reinvention. The vibrant downtown is close to transit, restaurants, many with Brazilian cuisine, and local businesses like Jack’s Abby Craft Lagers, a local favorite and official beer of the Boston Celtics. Bancroft Lofts partnered with Jack’s Abby to design a special pint glass used as a move-in gift for residents.

CHARLESTON, SC – Argyle Real Estate Partners (Argyle), a real estate investment firm focused on multifamily acquisitions in the Southeast and Texas, announced the closing of Newbrook Point Hope, a 264-unit community located in Charleston, SC, an extension of the affluent and highly desirable Daniel Island submarket. The acquisition marks the Company’s first in the Charleston market.
“Argyle is pleased to tap into unchartered territory and close out the year with the acquisition of Newbrook,” said Ryan Reyes, CEO for Argyle Real Estate Partners. “Given its location and accessibility, the mint condition of the asset, and the development planned for the area, which we believe will help spur future growth, we’re confident that Newbrook will be one of our standout properties.”
Newbrook is at the epicenter of the ‘Point Hope’ Masterplan Development; a master development plan that contains single-family residential homes from many of the nation’s top builders, multifamily housing, retail and office space, and brand-new A-rated public schools.
The 2021-vintage Newbrook offers studios, and 1, 2 and 3-bedroom apartments with unique and spacious floorplans averaging over 1,000 sf ft. Apartments feature stainless-steel appliances, quartz countertops, walk-in closets, modern fixtures, and full-size washers and dryers; while the property’s amenity suite, which draws its design and inspiration from the area’s coastal surroundings, includes a full-service clubhouse, a resort-style saltwater pool, a pickleball court, fitness center, an impressive dog park known as the “Doggy Paddle”, and ample green space with community trails for walking, biking, and running that also provide access to other neighboring attractions. Greystar will oversee operations onsite.
Newbrook is 25 minutes from Downtown Charleston, the main manufacturing (Boeing and Mercedes) and healthcare hub in Charleston; and Daniel Island is home to major employers such as: Benefitfocus (county’s largest employer), Booz Allen Hamilton and Gildan.
“Newbrook fits our investment criteria of buying well located assets for below replacement cost in strong and desirable submarkets,” said Mike Cacciatore, Principal for Argyle Real Estate Partners. “By being within walking distance to Publix,30K SF of quality retail, and A-rated public schools, Newbrook offers access to an unparalleled, walkable community that is and will remain desirable to prospective tenants over the long term.”

KNOXVILLE, TN – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of multifamily communities, announced the acquisition of Summit Townhomes, a newly constructed 120-unit build-for-rent (BFR) housing community in Knoxville, Tennessee. The community was acquired on behalf of CS1031 Summit Place BFR Housing, DST, which seeks to raise $18 million in equity from accredited investors and has a minimum investment of $50,000.
Capital Square formed the Private Equity Group managed by experienced real estate executives, Dave Platter and Jon Trott, as managing directors and co-heads, to profit from opportunities in the housing market, including a dedicated build-for-rent strategy in high growth sunbelt markets. This represents Capital Square’s fourth BFR offering for the Section 1031/DST program, and the seventh BFR project for the private equity group.
“Capital Square’s private equity group is a high-performing team with top-tier executives who are focused on housing strategies, including BFR,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “This will be one of the largest BFR platforms in the nation. We have previously reported that Capital Square has secured its first institutional partner for the BFR strategy and has now closed on the seventh BFR community, Summit Townhomes, for the DST program.”
Located at 100 Lisa’s Way, construction of Summit Townhomes was completed in 2022. The mix of three- and four-bedroom townhomes average over 1,400 square feet with open floor plans, marble countertops, stainless steel appliances, full size washer and dryers, walk-in closets, smart home integration and extra storage space. Community amenities include a firepit, picnic and barbecue area, private and overflow parking, covered gazebo and bark park.
The property is in close proximity to State Route 62, providing residents with easy access to top employers, such as Oak Ridge National Laboratory, Y-12 National Security Complex, UT-Battelle, Methodist Medical Center of Oak Ridge and Oak Ridge Schools. Summit Townhomes is served by Woodland Elementary School, Robertsville Middle School and Oak Ridge High School, all within a two-mile radius of the property.
Summit Townhomes is under a 30-minute drive from downtown Knoxville. The Knoxville MSA has a population of 747,185 and is projected to increase by 3.6% over the next five years. The University of Tennessee plays a significant role in Knoxville’s economy. With iconic landmarks like Neyland Stadium, with a seating capacity of 100,000+, university sports events generate meaningful revenue for local businesses. Moreover, the university employs more than 11,700 people who focus on research, educational programs and partnerships that contribute to the city’s overall economic growth.
“Knoxville is an attractive and promising real estate market, offering a combination of affordability, a stable rental market driven by universities and government employment, steady economic growth and a favorable income tax policy,” said Whitson Huffman, co-chief executive officer. “The property has already seen strong performance, accomplishing full lease-up in nine months with 98% current physical occupancy.”

HOUSTON, TX – Buchanan Capital Partners, an Austin, Texas performance-based commercial real estate investment firm, announced the recent off-market multifamily acquisition of Dakota at Bingle. Built in 2021, Dakota at Bingle is a 5-story midrise apartment community consisting of 258 units in the rapidly growing submarket of Spring Branch in Houston, TX.
“We are thrilled to add Dakota at Bingle to our portfolio,” said Keith Buchanan, Founder of Buchanan Capital Partners. “This acquisition aligns with our strategy of investing in high-quality properties with an acquisition basis below replacement cost. We are focused on investing in submarkets with limited new supply pipelines and proximity to main employment corridors, and Spring Branch checks both of those boxes.”
Currently, many buyers are sidelined due to aggressive acquisition strategies executed at the peak of the market. This was fueled by a historically low interest rate and cap rate environment and was compounded by highly leveraged capital structures. As a value investor who only receives compensation upon investor performance, BCP’s business model forced them to be defensive over the last few years. BCP is now actively seeking to acquire stabilized assets at a significant discount to replacement cost. Their goal is to be the preferred buyer for sellers who want a smooth execution without re-trading or concern about the buyer’s legacy portfolio condition.
Buchanan concluded, “Supported by BCP’s performance-based structure, our value investing philosophy requires patience and has resulted in consistent returns. We have been in a long bull market, and track records will be challenged. We have never lost investor principal or made additional capital calls, and do not foresee this changing. To capitalize on this market opportunity, we are actively expanding our investor base for the first time and encourage interested investors to contact us.”
Since the acquisition, Dakota at Bingle has been rebranded as Belle Spring Branch and is now managed by Valiant Residential, a top nationwide property management firm with over 35,000 units under management.