SAVANNAH, GA – Olympus Property announced the acquisition of Capital Crest at Godley Station, a 203-unit asset located in Savannah, GA. Olympus is excited to expand its holdings in the market, where it has owned and operated apartments for over a decade.
The company continues to grow its presence in the multifamily real estate industry, providing residents with a best-in-class living experience and investors strong returns. Established in 1992 with a steadfast vision of becoming an industry leader, Olympus Property boasts a wealth of experience and a hands-on approach throughout the investment process. Olympus currently owns and manages approximately 31,000 units spanning across 14 states being Arizona, California, Colorado, Florida, Georgia, Idaho, Kentucky, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, and Wyoming.
Located along Benton Boulevard in one of Savannah’s most desirable submarkets, Capital Crest at Godley Station provides residents exceptional accessibility to major employment centers, the historic downtown, and residential communities with upscale retail and lifestyle offerings. The property is strategically positioned within a 15-mile radius of over 187,000 jobs, offering easy access to some of the region’s top employers, such as Gulfstream, Georgia Pacific, and the Port of Savannah, which is the largest single-terminal container facility in North America. The region is experiencing rapid economic expansion, underpinned by the recent groundbreaking of Hyundai’s $6.4B electric vehicle and battery plant. This project is located within a 20-minute commute of the property and is expected to generate over 25,000 jobs by 2025. Once completed this plant is projected to be the third-largest electric vehicle manufacturing facility in the country.
“We are excited to add Capital Crest at Godley Station to our portfolio,” notes Travis Bertetto, Associate Director of Acquisitions at Olympus Property. “Savannah’s strong fundamentals and growth prospects make it an attractive market for us. With over 1,000 units under ownership within the market we are looking forward to creating value for our investors by leveraging our management expertise and market knowledge.”
Constructed in 2017, the community offers fourteen unique floor plans, which range from one to three bedrooms. Additionally, the property features a wide range of amenities including a 2,500 square foot sports club, saltwater pool accompanied by poolside cabanas and fireplace, theater, car care center, dog park, and pet spa. The community also offers attached and detached garage parking. Unit interiors are modernized and include stainless-steel appliance packages, hardwood-style flooring, large kitchens, walk-in pantries, and washer & dryers.

CHARLOTTE, NC – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment developer, builder, and asset manager, announced the start of leasing at Miller & York, an urban infill community in Charlotte’s dynamic Lower South End, or LoSo, neighborhood.
Miller & York is a 273-home community located in the heart of LoSo – widely considered one of the city’s top entertainment districts. With rock climbing gyms, antique malls, beer gardens and almost every dining opportunity imaginable, LoSo is a hub of activity with something to accommodate every interest. Miller & York offers a lively but decidedly relaxed atmosphere, enabling residents to jump in and out of the South End fray at their leisure while providing a peaceful retreat to call home.
“The energy of LoSo is undeniable, and Miller & York feeds off that vibrance in its amenity spaces and common areas while also creating a calm and comfortable place to call home,” said Pat Foster, Development Manager with Quarterra. “Residents will love the thoughtful design of our homes and community amenities, as the design combines fun with practicality to strike the perfect balance in urban living.”
Situated at 235 Verbena St., Miller & York puts residents close to many lifestyle amenities such as the Charlotte Rail Trail, Irwin Creek Greenway, Sugar Creek Greenway, Clanton Park, Renaissance Park, Harry L. Jones Sr. Golf Course, and Charlotte Regional Farmers Market. Residents are also within walking distance of numerous destination restaurants, coffee shops and breweries, including: Chef Alyssa’s Kitchen, Night Swim Roastery & Café, the future Rally Pickleball facility, The Olde Mecklenburg Brewery & Biergarten, Brewers at 4001 Yancey, Protagonist, Sugar Creek Brewery, Lower Left Brewery, Queen Park Social and GoodRoad Ciderworks.
The community is in close proximity to many of Charlotte’s major thoroughfares including Interstate 77, Billy Graham Parkway, Highway 49/South Tryon Street, and South Boulevard, making regional access, airport connectivity and local commutes a breeze. The Scaleybark Station of the LYNX Blue Line light rail is also less than a mile away for optimal, hassle-free transit throughout the metro region.
Miller & York consists of studio, one- and two-bedroom homes, ranging from 560 to 1,135 square feet. Homes are equipped with smart home technology and hardwood-style flooring throughout. Kitchens come equipped with stainless steel Whirlpool appliances, contrasting tone cabinetry, graphite quartz countertops, subway tile backsplashes, designer fixtures, and kitchen islands in select homes. Bathrooms feature quartz countertops and bedrooms include walk-in closets.
All residents have access to a resort-style pool with private cabanas and covered seating, as well as a standalone clubhouse complete with fitness center, full catering kitchen, lounge area and both private and open coworking spaces. Community highlights also include a sky terrace, dog park, covered patio with fireplace, and multiple grilling stations.
Miller & York is Quarterra’s fourth active Charlotte community, joining Bradham, The Ellis and The Francis.

FORT WORTH, TX – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of 4000 Hulen Apartments in Fort Worth, Texas. The firm purchased the property in 2017 and the sale closed on April 18, 2023. The sale of 4000 Hulen Apartments represents the firms fourth disposition of 2023.
“The Dallas/Fort Worth metro continues to thrive with strong population growth,” said Anthony Ly, director of dispositions at Hamilton Zanze. “We were able to purchase 4000 Hulen below replacement cost and increase the property’s value through strong property management. We are glad to have executed on the sale and deliver a positive outcome to our investors.”
During their ownership, Hamilton Zanze completed numerous exterior and landscaping improvements, upgraded community amenities and renovated units with new backsplashes, appliances, and hardware to improve leasing efforts and increase rental rates.
4000 Hulen Apartments was built in 2015 and is located at 4000 Hulen Street in Fort Worth. The mid-rise property comprises 240 units which average 886 square feet. The community has a pool, fitness center, coffee bar, billiards table, and a dog park.
4000 Hulen Apartments is located in the Dallas-Fort Worth market, just a 12-minute drive away from Downtown Fort Worth. 4000 Hulen is in close proximity to several major Dallas/Fort Worth employers, such as Texas Christian University (TCU), Plaza Medical Center, and Cook Children’s Medical Center. Both TCU and private-sector employment opportunities remain a draw for young adults in the market and 4000 Hulen’s submarket.

RICHMOND, VA – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced it has broken ground on a 352-unit, Class A multifamily development in the Scott’s Addition neighborhood of Richmond, Virginia, located within a designated qualified opportunity zone. Construction of the development is expected to be completed by Spring 2025.
“Capital Square has a track record of success in Scott’s Addition, building Class A mixed-use multifamily communities for the firm’s opportunity zone funds,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Two of the three communities known as Scott’s Collection were built, leased up, permanently financed and stabilized, all in record time with rents exceeding pro forma, while the third and final community within Scott’s Collection is currently in lease-up and performing ahead of schedule. With strong demand from qualified residents, this is an excellent time to build another exceptional Class A residential community in Scott’s Addition.”
Located at 2929 W. Clay St., 2922 W. Marshall St., and 2925 W. Marshall St., the community will include three seven-story adjoining multifamily buildings above podium parking with over 5,350 square feet of ground-level retail space. Residents will be within walking distance of arts, cultural and lifestyle amenities provided by the Scott’s Addition neighborhood, which contains over 51 retail, dining and entertainment venues.
Capital Square has been the most active developer within the Scott’s Addition neighborhood since 2020, having completed construction of three Class A multifamily communities, INK at Scott’s Collection, VIV at Scott’s Collection and GEM at Scott’s Collection, and nearing full completion of The Otis, all within walking distance of one another. In total, Capital Square will have delivered more than 900 Class A apartment homes to the community upon completion of the Marshall/Clay Street project for a total development cost exceeding $260 million.
Established in 1901, Scott’s Addition is a historic area known for its food, drink and entertainment amenities, including 13 breweries, cideries, meaderies and distilleries. Once a hub for industrial buildings and businesses, Scott’s Addition has become the number one “millennial hot spot” in Virginia, with a 43% increase in millennials in just five years, according to RENTCafe. The area is a designated opportunity zone with a census tract that stretches across Virginia Commonwealth University and the Carver neighborhood and is now known as Richmond’s fastest growing neighborhood, according to the Greater Scott’s Addition Association.
“Scott’s Addition has become the hottest neighborhood in Richmond, with heavy demand for high-quality rental housing,” said Whitson Huffman, co-chief executive officer. “It is a walkable, amenity-rich neighborhood that has attracted a growing population of affluent young renters and is among the highest performing markets in Richmond in terms of occupancy. Demand for our previous four apartment communities within Scott’s Addition has exceeded our expectations, and we expect our fifth development will perform in a similar fashion.”
Capital Square has partnered with Timmons Group as civil engineer, Poole & Poole Architecture as building architect, Hourigan Construction as general contractor, ENV as interior designer and Marvel Designs as landscape architect, all locally based firms.
Development of the project will be primarily funded with proceeds from Capital Square’s seventh qualified opportunity zone fund, CSRA Opportunity Zone Fund VII, LLC. Capital Square is an active sponsor of qualified opportunity funds and recently launched CSRA Opportunity Zone Fund VIII, LLC to fund the development of a multifamily development adjacent to the University of Tennessee’s Neyland Stadium in Knoxville. Capital Square’s opportunity zone funds have initiated almost $600 million in development value to-date.
Opportunity zones were created to stimulate long-term private investments in low-income urban and rural communities nationwide. Conceived as part of the Tax Cuts and Jobs Act of 2017, opportunity zone funds are intended to help foster economic growth by providing tax benefits to incentivize private investments in designated opportunity zones.

KNOX, PA – Greystar Real Estate Partners, a global leader in the investment, development, and management of high-quality rental housing properties, announced the opening of its flagship manufacturing facility for its modular construction business, Modern Living Solutions (“MLS”), which focuses on attainable and sustainable housing. The milestone was met with a ribbon-cutting ceremony at the western Pennsylvania site where MLS is in the process of hiring 170 full-time employees to execute the ramp-up and operations of its first modular factory.
Greystar’s Modern Living Solutions business is focused on addressing the chronic undersupply of housing by delivering design-conscious and cost-effective modular apartments while combining development, construction, and modular manufacturing in a vertically integrated business. As a wholly owned subsidiary of Greystar, the largest manager and developer of apartments in the US, Modern Living Solutions has the opportunity to utilize this size and scale to make a positive impact on increasing the housing supply in America. The MLS corporate office is located in Baltimore, MD, and the first factory is located in Knox, PA.
“Greystar recognizes the significant undersupply of housing options across the US today and we believe what we’re doing with MLS will begin to address this challenge,” said Bob Faith, Founder, Chairman, and CEO of Greystar. “We are harnessing the innovative power of the private sector to deliver a rental product that is less expensive, more attainable, and sustainably produced to meet a need we are seeing in the market.”
Modular construction offers several key advantages that lead to a product that is more sustainably produced and provides a high quality and more affordable option to renters. At the manufacturing facility, MLS conducts both the design and assembly of modular apartments, streamlining the process on all fronts.
Manufacturing the modules in a factory-controlled environment means that projects can be delivered up to 50 percent faster than traditional construction with less external risk presented by factors including weather, labor shortages, or on-site safety concerns. With sustainable designs, efficient usage of materials, and speed of construction, MLS units will have a smaller carbon footprint than traditionally built projects. Through a one-of-a-kind process, roughly 80 percent less waste will be produced compared to traditional builds.
“We are excited to be joining the Knox community and are proud to bring a positive impact to the economy of Northwest Pennsylvania. We’re looking forward to building our network of talented team members who I know will play important roles in the work we do at Modern Living Solutions,” said Andy Mest, Managing Director, Modern Living Solutions.
Initially, the factory will serve the Mid-Atlantic region, particularly 30 to 45 minutes outside major metropolitan areas like Pittsburgh, PA, and Baltimore, MD, where the essential worker lives and the housing supply is low.

SAN CLEMENTE, CA – Harbert South Bay Partners announces construction has now begun on THE SEVILLE, a senior living community located at 2421 Calle Frontera, San Clemente, CA 92673. Offering the highest levels of care for both assisted living and memory care, this new luxury community will provide seniors who need assistance throughout the day – or just from time to time – or those living with dementia a lifestyle of ease and grace. The leasing office for THE SEVILLE will open late 2023, with occupancy planned for summer of 2024.
With a unique design focused on encouraging residents to live at the highest level of ability, developer Harbert South Bay Partners points out apartments within THE SEVILLE will be significantly larger than those in traditional supportive environments for seniors.
“It’s almost unheard of for assisted living and memory care residents to have apartments as large and well-equipped as those planned for THE SEVILLE,” says Patrick McGonigle, CEO for Harbert South Bay Partners. “Seniors and their families are much more discerning now, and we’re giving them lifestyle options they most likely have not imagined were possible in a setting that also provides excellent care.”
With walk-in closets and washers and dryers in both assisted living and memory care apartments, and full kitchens in assisted living apartments, residents will have a level of independence not typically seen in senior living communities providing care services.
THE SEVILLE will include 87 units, with 63 of those being assisted living and 24 memory care. Three courtyards will provide secure access to sunshine and ample light inside the planned buildings. The community will offer concierge service, luxury amenities – such as a pool for assisted living residents – and something few senior living communities have – views of the sunset over the Pacific. All of this is punctuated by clinically excellent care for those seniors needing assistance with activities of daily living and those who are experiencing all levels of dementia-related memory disorders.
THE SEVILLE will be managed by Momentum Senior Living, a Southern California-based company providing management and operational services to senior living communities in California.
“We continue to push the boundaries of what wellness for seniors looks like in a community setting,” says Josh Johnson, Momentum CEO. “We’re excited to see this project grow and take life, and are thrilled to bring this level of elegant, assisted living and memory care to families in Southern California.”

SCOTTSDALE, AZ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Reserve, a contemporary apartment community in the high-end Kierland neighborhood of North Scottsdale.
Modera Reserve, which will feature 360 apartment homes, marks Mill Creek’s second development in its recently unveiled Arizona portfolio and sits one mile southwest of inaugural community Modera Kierland. Modera Reserve is located directly adjacent from Kierland Commons and within a half-mile of the popular Scottsdale Quarter, two of the neighborhood’s most vibrant outdoor shopping centers. First move-ins are anticipated for spring 2025.
“The Kierland area adjacent to North Scottsdale can be considered the premier live, work, play submarket in the Phoenix metro, and Modera Reserve represents one of the last remaining multifamily opportunities in the area,” said Tyler Wilson, managing director of development in Arizona for Mill Creek. “We believe the premier location at the southeast corner of Greenway Parkway and Kierland Boulevard is truly unbeatable, as it puts residents across the street from Kierland Commons, within walking distance of other nearby amenities and within a short commute to anything they might need. Additionally, the immediate locale will offer a private, comfortable living experience that will allow residents to unwind when they are home. We look forward to offering a best-in-class experience.”
Situated at 14811 N Kierland Boulevard, Modera Reserve will feature a wrap-style design, three courtyards and 10,000 square feet of interior amenity space. Located between Paradise Valley and the McDowell Mountains, the community is within walking distance of The West Kierland Resort and within a short commute of the neighborhood’s vast array of additional dining, retail and entertainment options. Residents will also have accessibility to numerous recreational outlets, including Kierland Park, Desert Shadows Greenway Park and several others.
Modera Reserve will feature studio, one-, two- and three-bedroom homes with various layouts and an average size of 938 square feet. Community amenities will include a hotel-style lobby with stone cladding and a water feature, resident lounge, coworking spaces to cater to the ever-increasing remote worker, clubroom with pool table, media room and glass offices. An outdoor amenity deck will include a resort-style swimming pool, outdoor kitchen and grill areas, game lawn, putting green and a dog park. Residents will also have access to a state-of-the-art fitness center, sauna, spa and a digital package room.
Apartment interiors will include a variety of deluxe features, including stainless steel appliances, quartz countertops, tile backsplashes, luxury vinyl-plank flooring, premium cabinetry, kitchen islands, undermount sinks, under-cabinet lighting, full-size washers and dryers, private patios or balconies, roller shades and a variety of smart home features, including smart thermostats and keyless entry. Bathrooms will feature double vanities, tile flooring, tile tub and shower surrounds and backlit LED mirrors. Select “premium collection” homes will include wine refrigerators and other premium upgrades.

CHARLESTON, SC – Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announced that it has broken ground on its second luxury apartment community within Charleston. Part of the burgeoning and attractive Clements Ferry corridor, Aventon Mikasa will house 336 units built over 19 acres and consist of four-story elevator-serviced buildings.
With the option of one, two and three-bedroom spacious floorplans, each apartment within Aventon Mikasa will offer top-of-the-line finishes and amenities. Also included are a clubhouse with remote working lounge, game room and fitness center as well as a resort-style pool. Its premier location will provide easy access to multiple major employment nodes including Joint Base Charleston, Downtown Charleston Peninsula, Port of Charleston, and Charleston Airport as well as adjacent Boeing and Mercedes manufacturing plants. The site, which is poised to become the premier luxury asset in the high-end Daniel Islandsubmarket, will also offer proximity to expansive dining and shopping options. The Charleston region was recently ranked by Travel + Leisure as the ‘Best City in the U.S.’ for the 10th year in a row.
“With the debut of Aventon Mikasa, we look forward to deepening our footprint here in Charleston, a high-end and rapidly growing, yet still underserved, community,” said Ron Perera, Senior Managing Director. “The property will not only offer close proximity to the historic downtown Charleston peninsula but will also serve as the ideal commuting location for residents in this ultimate live, work and play destination.”
Aventon Mikasa’s buildings were designed by Scott + Cormia, with interior design curated by Studio 5 Interiors, Inc. Civil and landscaping for the property was created by renowned Charleston engineering firm, Thomas & Hutton. The community is located near the intersection of Clements Ferry Road and Charleston Regional Parkway and is expected to open for leasing in Fall 2024. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing over 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

HOUSTON, TX – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced that move-ins begun at Ltd. Med Center.
“We’re excited to welcome residents to Ltd. Med Center and what it means for Houstonians,” Brian Herwald, Managing Director, Development at Greystar. “We have reinvented renting by making the leasing and renewal processes much easier. We want our residents to live simply and simply live, which they can do here at Ltd. Med Center. We’ve seen an incredible and consistent response since we opened the doors in early March, which just goes to show that there is strong demand and an unmet need for this new type of product.”
Ltd. Med Center features a pressure-free leasing process that includes self-guided or virtual tours and limited rent increases. Renewals will be capped at 3 percent or tied to the 12-month change in the Consumer Price Index, whichever is greater, so residents will always know what their renewal rate will be months in advance. The community’s purpose is to provide lower rents for Houstonians in quality housing.
The community has two base floorplans available in one- and two-bedroom layouts. This uniform design allows for quicker construction that keeps costs—and rents—lower than typical multifamily building projects. The leasing process has also been streamlined and can be completed quickly.
Ltd. Med Center residents can enjoy additional options like a personal garage, reserved parking and storage units. Apartment homes have convenient keyless door entry, app-enabled thermostats in each as well as access to community-wide Wi-Fi, Fetch package delivery and valet trash service.
The community is conveniently located near the Texas Medical Center (TMC) and NRG Stadium in an area that is ready to grow as TMC begins to expand its footprint.

CASTLE ROCK, CO – MG Properties, a private San Diego-based real estate investor, owner, and operator, is further expanding its presence in Colorado, announcing the acquisition of Ridge at Castle Rock Apartments. Formerly known as Springs at Castle Rock, MG Properties purchased the property from Continental Properties for $67,150,000.
Offering one, two, and three bedroom apartments and lofts, Ridge at Castle Rock is a 2019 garden-style asset with contemporary finishes, attractive amenities, and functional floorplans.
The community is located in Castle Rock, an affluent and rapidly growing submarket between Denver and Colorado Springs. The Property is conveniently located within The Meadows Masterplan Community, offering residents access to a wide variety of retail and lifestyle activities and is approximately 10 miles south of Denver’s largest employment hub.
“This acquisition will allow us to further expand our operational presence in the Denver market,” said MG Properties President Jeff Gleiberman. “We believe this submarket is ideally positioned to benefit from the region’s continued growth.”
The seller, Continental Properties, was represented by David Potarf, Dan Woodward, Matt Barnett, and Jake Young of Walker & Dunlop. The property was financed with a mortgage provided by Fannie Mae and arranged by Bryan Frazier and Blake Hockenbury of Walker & Dunlop.