ESCONDIDO, CA – Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that Marlowe Palomar Heights, the company’s first Marlowe-branded apartment community in California, is now leasing with move-ins scheduled for fall 2024.
Marlowe by Greystar provides suburban luxury living with quality brand new finishes, spacious and current amenities and modern design with easy access to urban conveniences.
“We are excited to introduce our latest high-end community to the growing city of Escondido,”Jeff Carlson, Senior Associate, Development, Greystar, said. “Marlowe Palomar Heights offers versatile unique floorplans and premium amenities, filling a gap in the market for new, upscale rental options and helping reinvigorate historic downtown Escondido.”
Located on the site of the former Palomar Hospital Downtown Campus, Marlowe Palomar Heights features 258 single and multi-story apartment homes in one-, two- and three-bedroom floorplans. Apartments range from 628 sq. ft. up to 2,003 sq. ft. Additionally, the community has 162 three-story townhomes that have attached garages equipped with EV charging. Residences feature quartz countertops, Samsung stainless steel appliances, front-load washers and dryers, keyless door entry, smart thermostats and hard-wood style flooring.
The community amenities will include a resort-style pool with a jumbotron, clubroom, pocket parks, fitness center, co-working space, lounges, dog park and EV charging.
Marlowe Palomar Heights is minutes from all of the restaurants, shopping, parks and entertainment that line Grand Avenue in downtown Escondido, giving residents plenty of options for nearby recreation.

LAKEWOOD, CO – S2 Capital, a national vertically integrated multifamily investment manager, announced the acquisition of Dartmouth Woods, a 201-unit, garden-style multifamily apartment community built in 1990 and located in South Lakewood, one of the most attractive submarkets of Denver, CO. Terms of the transaction were not disclosed.
Dartmouth Woods is located at 10025 W. Dartmouth Avenue in Lakewood. The property consists of modern two- and three-story buildings in an area of robust demographics with an average household income of $107,000, a median home price of $585,000 and highly-rated schools. S2 plans interior renovations that will include stainless steel appliances, modern lighting, new flooring and updated cabinets along with extensive renovations to the exterior and amenities to provide residents an enhanced living experience.
Ryan Everett, Vice President of Acquisitions at S2 Capital, said, “We have been evaluating potential transactions in the Denver market for two years and are very excited to be making our first investment in the area. Including the Dartmouth Woods transaction, S2 has acquired 1,865 units across Texas, North Carolina, Florida and now Colorado over the last 12 months. This represents $300+ million of total acquisitions the past 12 months, positioning the firm as a top-25 buyer of multifamily in Sunbelt markets.”
“Our conviction remains strong that multifamily has become attractively repriced in the short term due to excessive leverage in the system and pressure from interest rates on property cash flows, but the long-term outlook for housing in our target markets remains a compelling investment thesis at these prices for well capitalized investors,” added Ryan Everett.
S2 believes that the sharp reduction in new construction permits and starts, interest rate cuts signaled by the Federal Reserve, and various levels of stress, present a unique moment for investors with discretionary vehicles who are well-positioned to capitalize on these opportunities.

CHARLOTTE, NC – The Campbell, a 12-story, 117-unit boutique multifamily community in the heart of Charlotte’s South End and adjacent to the charming Dilworth neighborhood, announced that it is now pre-leasing units with move-ins starting this month. Abacus Capital developed the project in partnership with JE Dunn Capital Partners and L&B Realty Advisors. Upon delivery, The Campbell will be professionally managed by Greystar.
“We’re very excited to begin pre-leasing at The Campbell,”Mason Ellerbe, a Partner at Abacus Capital said. “The boutique scale, unimpeded city views, designer finishes and unique and highly walkable location on the Dilworth side of South End will set this project apart from the multifamily stock that has historically been built in the submarket.”
The Campbell’s residences will be differentiated from the rest of the South End rental submarket by the generous size of its units, averaging nearly 1,200 SF, roughly 50% larger than the “typical” South End apartment.
With one-, two- and three-bedroom floorplans that range from 746 SF to 1,718 SF The Campbell is designed to cater to the city’s most discerning renters. Designer finishes include chef’s kitchens equipped with gas stoves, floor-to-ceiling windows, custom walk-in closets and smart technology throughout. Built-in wine fridges and expansive balcony terraces will be a standard feature in the majority of The Campbell’s residences. The parking garage will occupy floors one through four with apartments across floors five through twelve. Bordered by the Dilworth neighborhood and surrounding low-rise buildings, every apartment will have a sweeping view above the city’s famous tree canopy.
A sky terrace on the twelfth floor with city skyline views is the highlight of the community amenities. Others include a state-of-the-art fitness center, resident lounge with golf simulator and catering kitchen, private co-working spaces with a reservable conference room, dedicated parking garage with gated access, dog spa and bike room as well as onsite retail.
The Campbell will boast a Walk Score of 96. The community provides convenient access to local retail and transportation options, with Publix located 0.1 miles away and the East-West Lynx Light Rail station 0.25 miles away.
Wes McAdams, managing partner at Abacus Capital, said, “We intentionally positioned the project to appeal to a more discerning renter cohort than the average South End apartment building. With the best retail and restaurants in South End at Atherton Mill and the Design District out The Campbell’s front door, and the historic Dilworth neighborhood’s tree-lined streets out its back door, future residents should be able to enjoy all the benefits of elevated city living,” he said.
The Campbell was developed on the historical site of Campbell’s Greenhouses, a beloved plant nursery that supplied residents of the city with beautiful orchids for decades before selling in late 2022 to make way for Abacus’ high-rise apartment project by the same name. Residents can expect to see subtle nods to the site’s botanical history in The Campbell’s custom art and curated interior design throughout the project.

SUMMERVILLE, SC – Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, along with development partner Nuveen Real Estate announced the opening of Emblem Cane Bay North apartment community in Summerville, S.C.
Emblem Cane Bay North is a Joint Venture between Quarterra and Nuveen Real Estate. Emblem communities were created by Quarterra to help address the nationwide shortage of attainable housing available to middle-income renters.
The 312-home garden-style community has direct access to the Cane Bay Plantation bike and pedestrian trails, within convenient distance to neighborhood schools, retail centers, dining, employment hubs and prime commuter routes. The SmartRent-compatible community incorporates modern property technology into every home and features a curated, contemporary amenities package.
“The attention to detail at Emblem Cane Bay North drastically exceeds what middle-income renters are accustomed to seeing,” said Cameron Palm, Senior Development Manager for Quarterra. “From in-home technology to state-of-the-art amenity spaces, the community delivers a convenient and sophisticated living experience. The Emblem brand deploys a consistent, programmatic approach that ensures an elevated environment at an attainable price point. Emblem Cane Bay exemplifies the vision behind Quarterra’s Emblem communities in an enviable location here in Summerville.”
Emblem Cane Bay North, located at 44000 Owl Wood Lane, puts residents within easy reach of local dining options, including Famuliari’s Pizzeria, Rio Chico Mexican, Eggs Up Grill, Agaves Cantina, Taco Boy, Halls Chophouse and Starbucks. The community is also in close proximity to retail centers like The Market at Cane Bay, North Creek Marketplace at Nexton and The Shoppes at Nexton. The location affords great access to local schools and major employers in the area, such as Boeing, Volvo, Walmart, Mercedes Benz/Daimler, Bosch and Joint Base Charleston.
Regional connectivity is a breeze via nearby Hwy 176, with access to Hwy 17 and Interstate 26, leading to Goose Creek, Summerville, Ridgeville and North Charleston. Resident parking is accommodated by 520 surface parking spaces and 35 leasable garage spaces.
“Emblem Can Bay North helps to address the needs of the often overlooked middle-income demographic, and we are proud to partner with Quarterra to bring an Emblem community to the rapidly expanding Charleston MSA,” said Carlos Burneo, Nuveen’s lead for housing development in the U.S. “Delivering more attainable rental opportunities is one of our primary objectives, and the standardized concept behind the Emblem brand aligns with our overall housing strategy. This is an exciting start to our development relationship with Quarterra.”
Emblem Cane Bay North consists of one-, two- and three-bedroom apartment homes, ranging from 738 to 1,434 square feet. Homes are equipped with kitchen island pendants, stainless steel Whirlpool appliances, quartz countertops, tile backsplash, luxury vinyl plank flooring throughout with carpet in bedrooms and substantial walk-in closets. Bathroom highlights include tile surrounds with oversized tubs and quartz countertops. All homes feature ample shelving and floor plans designed to maximize natural light.
Catering to an active lifestyle, all residents have access to a community clubhouse with indoor lounge, a swimming pool with a deck-side sunshelf, two outdoor grilling stations and an on-site dog park.

INDIANAPOLIS, IN – Gray Capital announced the acquisition of Solana at the Crossing, a 384-unit class A apartment community built in 2014 and located on the northside of Indianapolis, Indiana.
Solana is Gray Capital’s eleventh apartment asset in the Indianapolis area. With three full-cycle multifamily investment projects completed in the Indianapolis area that have delivered exceptional returns for investors as well as seven active investments in the city and its surrounding suburbs, Gray Capital’s experience and success within its home market is a large part of the success of the company.
“Indianapolis is home base for Gray Capital. There is no market we know better or have greater passion for than Indy. For us to be able to acquire a beautiful, well-located property, like Solana, is the fulfillment of many years of hard work and dedication from the Gray team. We’re thrilled elevate Solana to the premier waterfront lifestyle asset on the north side of Indy,” said Spencer Gray, President and CEO of Gray Capital.
Solana at the Crossing is Gray Capital’s second acquisition in 2024, following the company’s purchase of the 444-unit River Club Apartments in April. Gray Capital has been diligently pursuing opportunities as the multifamily market emerges from a period of lower investment activity, and their investment in Solana at the Crossing reflects their continued confidence in the growth of Indianapolis and the multifamily market.
Gray Capital has now acquired over $112M of multifamily real estate so far in 2024 across 824 units and two properties.
Gray Capital’s plan for Solana at the Cross includes several moderate upgrades and improvements to the property. New kitchen plumbing hardware and lights, new smart home technology in 100% of all units, private fenced in yards for select units, further activation of the White River waterfront, as well as a new exterior paint scheme and the installation of EV chargers will further increase appeal for the property.
“The Indianapolis apartment market has been remarkably resilient. Its strong, stable performance has led it to outperform more volatile markets in the country, and we project continued growth, given the magnitude of housing demand in Indianapolis and nationally,” said Spencer Gray.

MESQUITE, TX -The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with the City of Mesquite Housing Finance Corporation, announced the financial closing and groundbreaking of The Fielder, a 288-unit affordable housing community in Mesquite, Texas. Units will be reserved for residents earning between 50 to 70 percent of the Area Median Income (AMI).
In a city facing a severe workforce housing shortage, this development will provide much-needed affordable housing during a time when more than half of Mesquite renters are cost-burdened,” said Nick Walsh, Vice President of Development at The NRP Group. “We are incredibly honored to partner with the City of Mesquite and its Housing Finance Corporation to bring high-quality, affordable housing to the area at such a critical time.
The Fielder is located at 1300 Wooded Lake Drive, near the intersection of Interstate 30 and LBJ Freeway. The development offers easy access to downtown Dallas and is minutes away from the newly completed Urban District 30 – a one million square-foot industrial park that spans 82 acres. As the Dallas region s population growth soars, The Fielder will accommodate employees in the surrounding area. The affordable housing development is the first partnership between a developer and the City of Mesquite.
The NRP Group has been an exceptional partner throughout this process. They are committed to bringing a quality development to our community that will help us achieve our goals for diverse housing options. The Fielder is an important step in providing the workforce housing needed in our community, said Mayor of Mesquite Daniel Alemán Jr.
The Fielder can accommodate both working professionals and growing families, with floorplans that include one-to-four-bedroom units. Additionally, resident services will include essential health and wellness screenings, after-school programs, and financial literacy training. The development will also feature best-in-class amenities including a pool, fitness center, community garden, dog park and numerous playgrounds.
This investment in Mesquite was made possible through housing tax credit equity and construction financing from Bank of America, with permanent financing provided by Bellwether Enterprise Real Estate Capital.
The Dallas metro area remains a priority market for The NRP Group. The firm has developed over 6,000 units across 27 properties in the region. Construction of The Fielder is already underway. The community is expected to deliver in 2026.

MIDLAND, TX – Investors Capital Group, a multifamily investment firm headquartered in Seattle, Washington announced the acquisition of Wall Street Lofts, a 108-unit mixed use multifamily property located in Midland, TX. It is the second apartment property in ICG Apartment Fund 9 LLC, which will ultimately include approximately four to six assets.
The property is a midrise in a prime location, situated in the center of downtown. Amenities include a clubhouse, fitness center, business center, pool, dog run, and BBQ stations. There are two commercial tenants in the property, including a restaurant and a hair salon.
Wall Street Lofts is a unique asset, and we are excited to own this class A mid-rise in the heart of Midland, said Mick Halpin, Principal and Managing Member at Investors Capital Group. Midland Odessa has limited new multi-family construction, and we believe the macro-economic forces will continue to drive demand for this asset.
Investors Capital Group was attracted to this property for its great location and access to downtown. The property provides incredible walkability to all the best restaurants, bars, and nightlife in Midland s downtown. Residents also have incredible walkability to the main business district which continues to see a steady increase in high-paying jobs.
Investors Capital Group is a Seattle-based real estate investment firm that focuses on opportunistic acquisitions and quality management of multifamily residential properties across the Western United States to provide attractive returns for accredited investors. With over two decades of experience, Investors Capital Group has purchased more than $2 billion worth of multifamily housing.

IRVINE, CA – The Bascom Group has acquired Old River Place, a 249-unit single family residential-style, build to rent multifamily residential property located in the highly desirable Southwest submarket of Bakersfield, California. The purchase price was $56,633,500 or $227,444 per unit.
Despite the high-interest rate environment and anemic property sale market, the property marks Bascom’s sixth acquisition of 2024 and twenty sixth multifamily acquisition in California’s Central Valley. Annette Rice and Jamie Kline of JLL arranged the debt financing for the acquisition with TPG Real Estate Finance Trust as the lender. The seller was represented by The Mogharebi Group’s investment sales team led by Mark Bonas. Apartment Management Consultants will provide property management services and SD-CAP will provide construction management.
The purchase of Old River Place comes on the heels of five previous 2024 acquisitions made by Bascom. Bascom remains highly active pursuing new acquisitions throughout the United States and intends to continue portfolio expansion through year-end.
Bascom has been one of the most active apartment buyers in California and the Central Valley partnering with institutional and private capital. Prior to purchasing Old River Place, Bascom had acquired 130 multifamily properties and 20,773 units in California, with 25 of those properties and 3,619 units located in the Central Valley. Over the past six months, Bascom has completed roughly $265 million in multifamily acquisitions nationwide.
Joe Ferguson, Acquisition Manager for Bascom, states “Old River Place is a uniquely well-constructed build to rent community in the affluent area of Southwest Bakersfield. Each unit at the property has an attached two-car garage and dedicated outdoor space. Old River Place adds another well-located, recently built asset to the Bascom portfolio that should perform well in a market that needs housing. The high-interest rate environment and the resulting increased monthly mortgage payment has only added to the desirability of these build to rent communities. The Bakersfield market continues to demonstrate attractive multifamily fundamentals, and we are excited to strengthen our footprint in one of California’s fastest growing regions.”
Located within the desirable Southwest submarket of Bakersfield, Old River Place offers residents a low-density single-family residential style community with an attractive unit mix of two- and three-bedroom units. The property is adjacent to affluent Bakersfield neighborhoods such as Seven Oaks and Hagan Oaks, provides residents easy access to retailers like Sprouts, Trader Joes, Lululemon and Target, and accessibility to major employment drivers such as Cal State Bakersfield and Dignity Health – Mercy Hospital.
Bascom’s Lee Nguyen, Senior Vice President of Portfolio Operations, adds “Old River Place has been well-maintained while demonstrating consistent rental demand. As part of our strategic renovation program, Bascom intends to upgrade unit interiors with new appliances, countertops, backsplash, cabinetry, as well as enhancing the property’s exteriors and community amenities. All of the units remain in a classic or original condition, giving our operations team considerable room to add desirable elements while providing residents an affordable housing option in a well located, highly desirable rental community.”
Bakersfield has been one of California’s best performing apartment markets, highlighted by consistent occupancies above 95%. The strong fundamentals have been driven by limited new supply, high population growth (no large California city has grown more than Bakersfield over the last five years), and a diversifying economy. The city serves as a hub for various industries including agriculture, healthcare, energy, manufacturing, and a growing logistics industry. Bakersfield’s central location in California’s San Joaquin Valley makes it a key transportation hub. It’s well-positioned along major highways like Interstate 5 and State Route 99, facilitating efficient movement of goods between Northern and Southern California, as well as connecting to other states. As a result, major businesses continue to invest in Bakersfield for future growth. Notably, Tesla has plans to build the world’s largest supercharger station and Wonderful Co. recently announced a major expansion of their industrial park, which is projected to support 50,000 jobs.

SEATTLE, WA – Security Properties purchased SKY Sammamish, a 159-unit multifamily property built in 2018 and located in Sammamish, Washington, for $70,250,000. Security Properties now owns 28 assets and over 6,400 units in the Greater Seattle marketplace.
Sammamish, a highly desirable suburb east of Seattle situated between Bellevue, Redmond, and Issaquah, offers an irreplaceable combination of top tier school districts, access to local employers and proximity to some of Washington’s most desirable nature. While its population has grown quickly over the past 20 years, the city has historically been, and is forecasted to continue, being one of the most supply insulated submarkets in the entire Seattle metropolitan area. This has caused the barrier to entry to be extremely high, with median home values exceeding $1.6 million. Consequently, the median household income in Sammamish is about $215,000 higher than any other US city with a population over 50,000.
SKY Sammamish is located along 228th Ave., the city’s primary north and south thoroughfare with access to both I-90 (to the south) as well as SR-202 (to the north). The property was developed as a phase of the expanding Sammamish Town Center ‒ a multi-phase, mixed-use development project that will serve as the new town center for Sammamish. The property is the only housing located within the town center development and sits adjacent to a variety of commercial spaces, retail, and food options. Most notably, the site is adjacent to Metropolitan Market, an upscale Seattle-based grocery chain.
The business plan is a core-plus investment with moderate upgrade characteristics. While the asset currently offers a best-in-class amenity package and well-appointed living units, Security Properties has identified several opportunities to further emphasize these strengths.
According to Alex Gauper, Senior Director at Security Properties, the acquisition was made because, “SKY Sammamish is a prime example of our firm’s investment thesis of identifying newer-vintage assets in markets with high barriers to entry and a diverse mix of stable drivers. We feel that we have the best asset in a submarket with a very limited historical supply, excellent schools, and strong demand for high-quality housing. The Issaquah and Sammamish submarket has been a strong performer for us for many years and we are excited to add to our existing portfolio in the area.”

LEWISVILLE, TX – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, the nation s leading builder of luxury homes, and joint venture partner The Davis Companies (Davis), announced the grand opening of Whitlow, a new four-story luxury apartment community in Lewisville, Texas. Financed with a construction loan from Citizens Bank, Whitlow commenced construction in 2021 and welcomed its first residents in February 2024. The community recently celebrated its grand opening with a ribbon cutting ceremony with project partners, as well as current and future residents.
We are excited to introduce Whitlow to the charming community of Lewisville, said John McCullough, President of Toll Brothers Apartment Living. Whitlow represents our continued dedication to developing upscale residences in highly desirable markets, such as Dallas-Fort Worth, while providing an elevated living experience that exceeds the expectations of modern renters.
Offering a mix of 420 studio, one-bedroom, and two-bedroom floor plans, Whitlow s apartment homes are designed with high-end finishes, including quartz countertops and a tile backsplash, Whirlpool stainless steel appliances, and upgraded hardware and plumbing features. Each residence is thoughtfully designed with oversized closets with built-in storage and shelving, tiled showers with glass enclosures, hardwood-style flooring in the living areas, and smart home technology, including keyless entry and smart thermostats. Select residences also feature soaking tubs, private balconies, and terraces. Private garages are also available.
Whitlow s amenities are curated to both foster connection and support residents personal pursuits. The grand lobby and resident lounges offer a Starbucks Serenade Bar, entertainment kitchen and bar, and game lounge with billiards and shuffleboard. The community features a saltwater pool with a sundeck and private cabanas, an outdoor lounge with grilling stations, a sky lounge and resident bar, and an outdoor sky deck and sun lounge with fireplace. Residents can also enjoy the fitness center with strength, cardio, and flex studios; private coworking spaces and conference room; and pet park and spa.
Whitlow sets a new standard for luxury living in Lewisville by combining modern design with the warmth of Texas hospitality, said Tommy Rhodus, Managing Director of Toll Brothers Apartment Living in the Central region. Our residents enjoy the small-town charm of Lewisville, proximity to Lewisville Lake, and easy access to Dallas and DFW International Airport.
The grand opening of Whitlow represents Davis commitment to investing in best-in-class multifamily assets throughout the Sunbelt region and nationwide, providing the high-quality, exceptionally located living options that residents look for, said Mai Zhang, Senior Vice President of Asset Management at Davis. We re thrilled for this opportunity to expand our housing portfolio and build on our longstanding relationship with Toll Brothers to deliver this state-of-the-art project to the Greater Dallas region.
Whitlow is ideally located in Old Town Lewisville. The community is surrounded by boutique shops, casual and fine dining, and Lewisville s historic district. Its location also provides easy access to recreational areas, including LLELA Nature Preserve and Lewisville Lake, and offers convenient connections to Dallas via road and rail, making it an attractive location for those seeking a balanced lifestyle.