TAMPA, FL – Argyle Real Estate Partners (Argyle), a real estate investment firm focused on multifamily acquisitions in the Southeast and Texas, together with Sembler Investments Real Estate Partners (SIREP), whose strategic partnership began in 2022, announced the acquisition of Sage at Cypress Cay, a 324-unit, core-plus, community and Lantana at Cypress Cay, the neighboring, core-plus, 252-unit community centrally located in Lutz, Florida, a suburb of Tampa, adding 576 units to their growing portfolio and establishing their geographical footprint in their flourishing hometown Tampa market.
“Tampa’s explosive growth story began well before the pandemic with submarkets like Lutz reaping the benefits of those tailwinds and emerging as a top destination for professionals and families,” said Ryan Reyes, CEO of Argyle. “Given the Tampa Palms submarket’s affluent demographics, proximity to major hospital systems and projected future growth, we feel great about planting this flag in our backyard with Sage and Lantana.”
Built in 2022, Sage at Cypress Cay offers 1, 2, and 3-bedroom units with “smart” technology, stainless steel appliances, full-size washers/dryers, granite countertops, plank flooring, and 9ft-high ceilings. External amenities include a resort-style pool with outdoor kitchens and firepits, a state-of-the-art clubhouse with a spacious lounge and billiards table, a first-class fitness center, and a large bark park and pet spa. Lantana at Cypress Cay was built in 2023 with comparable modern unit offerings and similar best-in-class external amenities as Sage. Due to the top-notch quality of this portfolio, Argyle will implement minor capital improvements to further enhance the community’s allure upon takeover.
“Sage and Lantana presented an excellent opportunity to jump into our hometown market which has continued to sustain impressive growth over the last several years,” said Mark Sembler, CEO at SIREP. “With approximately 30k healthcare and education jobs in the immediate vicinity, and its proximity to Downtown Tampa, these two properties are well-positioned to benefit from these growing and diverse employment hubs and provide quality living solutions to these employees.”
Sage and Lantana are minutes from the University of South Florida (USF), Veterans’ Hospital, Advent Health’s main hospital campus and 20 minutes from Downtown Tampa, Water St., and Tampa’s Westshore Business District. The properties are also close to major highways I-275, I-75, and I-4, allowing residents easy access to the Bay’s award-winning beaches and other local attractions.

WEST LAFAYETTE, IN – Muinzer, a leading real estate investment firm specializing in student housing, announced the acquisition of Grant Street Station and South Street Station next to Purdue University in West Lafayette, IN. The acquisition was made in partnership with an affiliate of Walton Street Capital.
The properties total 362 student housing beds and are 99% pre-leased for the August 2024 school year. The transaction was successfully arranged by Randall Calvert of TSB Realty.
Muinzer’s purchase caps over $250 million of student housing acquisitions in the preceding 12 months. “We will continue to acquire student housing communities in the top university markets. I’m very proud of the Muinzer team for executing on yet another acquisition next to my alma mater, Purdue University,” said Marc Muinzer, Founder and CEO of his namesake firm. “The combination of our access to capital and our veteran student housing management team gives us a significant runway to continue acquiring,” added Mr. Muinzer.
Muinzer began investing in student housing in 2002 and is one of the largest owners and operators in the Big Ten and SEC Conferences. “We have long-term conviction in student housing and are actively deploying capital towards our goal of acquiring an additional $2 billion of student housing communities near high-growth universities,” added Michael Snyder, COO of Muinzer.

AUSTIN, TX – The Preiss Company (TPCO), one of the nation s largest, privately-held, student housing owner-operators, announced the acquisition of the 135-unit/251-bed 21 Pearl, off-campus student apartments serving the University of Texas at Austin. The company also announced extensive upgrades to improve unit interiors, the clubhouse and to install a new tech package for all residents.
With almost two decades in Austin, we continue to have a large ownership/management presence in the Austin student housing market, said John Preiss, President. TPCO has been watching The Pearl since its initial construction, and we know we can provide value to this incredible asset through targeted capital, installation of new technologies, and our proprietary management platform.
Located at 911 W. 21st Street just minutes from University of Texas at Austin, the off-campus apartments provide 1-, 2-, 3- and 4-bedroom floor plans focused on comfort and privacy. Each apartment is furnished with private bedrooms, along with an in-unit washer and dryer, high speed internet access and cable. Fully equipped kitchens also are available in the pet-friendly building. All residents may enjoy an outdoor courtyard with grilling stations, 24-hour fitness center and resident clubhouse featuring stylish lounge areas and private study areas.
The multi-million dollar renovation includes interior upgrades on approximately half the units, with new flooring, updated kitchen cabinetry, bathroom upgrades, and new furniture. The entire building will undergo massive tech improvements, including enhanced Wi-Fi, access control, and smart thermostats. Additionally, the clubhouse will receive new renovations to enhance the resident experience.
TPCO is experiencing a strong transactional year, said Preiss. We recently closed on an asset in Kennesaw, Ga., and have two other deals currently under contract. We are also actively in the process of developments in Nashville, Chapel Hill, Raleigh and Knoxville. Additionally, we are broadening our reach through third-party management, having added seven new properties in the last quarter.

WILMINGTON, NC – 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 Seaboard at Sidbury Station, a newly constructed, 113-unit, build-for-rent (BFR) housing community in the Wilmington suburb of Castle Hayne, North Carolina. The community was acquired on behalf of CS1031 Sidbury Station BFR Housing, DST, which seeks to raise equity from accredited investors.
This represents Capital Square’s fifth BFR offering for its Section 1031/Delaware statutory trust program and the eighth BFR project for its private equity group. Led by co-chief investment officers, Dave Platter and Jon Trott, Capital Square’s private equity group was formed to profit from opportunities in the housing market, including a dedicated build-for-rent strategy in high-growth Sunbelt markets.
“Capital Square invests broadly in housing – Class A and B multifamily, manufactured housing in Florida and BFR communities throughout the Sunbelt,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Capital Square’s investors are attracted to newly constructed BFR communities such as Sidbury Station because demand is strong from residents who want a single-family home but can’t afford to own. Capital Square’s BFR communities help to satisfy the demand for a single-family home with amenities at an affordable price.”
Located at 6105 Dichondra Road, construction of Sidbury Station was completed in 2023. Developed by D.R. Horton, the nation’s largest homebuilder by volume, the modern units boast a mix of three-, four- and five-bedroom detached single-family homes, averaging 1,829 square feet. The open floor plans feature high-end amenities, including granite countertops, stainless steel appliances, full-size washers and dryers, walk-in closets, smart home integration, backyards and attached two-car garages. Luxurious community amenities include a resort-style swimming pool, fitness center, clubhouse, sport court, playground and professional landscaping.
Sidbury Station enjoys a prime position on the state’s coast within the Wilmington, NC, metropolitan statistical area. The Wilmington area offers a high quality of life characterized by a mild coastal climate, abundant outdoor recreational opportunities and a strong sense of community. The area includes opportunities to boat, fish and golf year-round, as well as family-friendly attractions, top-rated schools and a variety of dining options.
Infrastructure plays a pivotal role in Wilmington’s economic vitality. The Wilmington International Airport facilitates regional and national connectivity, supporting business travel and tourism, and the Port of Wilmington, one of the busiest ports on the U.S. East Coast, enhances the region’s global trade capabilities by handling a diverse range of cargo and contributing significantly to the local economy.
The region’s tourism sector, fueled by its pristine beaches and historic attractions, generated over $1 billion in revenue as of 2022, attracting millions of visitors seeking leisure and recreation opportunities. The healthcare industry is another cornerstone, supported by major medical facilities and a growing demand for healthcare services.
“Wilmington has experienced a 30% growth in jobs since 2020, led by healthcare, government and education, while the population is expected to grow by approximately 3% annually,” said Whitson Huffman, co-chief executive officer. “Limited supply in the area has provided Capital Square with the strategic advantage to drive occupancy and rental growth. Sidbury Station is one of only four purpose-built rental communities that make up less than 2% of the metro area’s rental inventory, and it has already reached 95% occupancy as of June.”

KANSAS CITY, MO – Hamilton Zanze, a San Francisco-based real estate investment firm that owns and operates multifamily communities nationwide, announced it has purchased Crossroads Westside, a 222-unit apartment community in downtown Kansas City, Mo. The acquisition closed on July 23. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property.
“We are excited to expand our presence in the Kansas City metro through the acquisition of Crossroads Westside,” said David Nelson, President and Chief Investment Officer at Hamilton Zanze. “Our Kansas City properties are some of the highest-performing assets in our portfolio, and Crossroads Westside is expected to enhance that performance through its stable, above-market cash yield, resilient resident base and Mission Rock’s institutional property management practices. Kansas City is a market touted for its attractive apartment supply dynamics, robust workforce and persistent occupancy, so we hope to capitalize through continued expansion in the market.”
Situated at 601 Avenida Cesar E Chavez, Crossroads Westside was built in 2018 and offers one- and two-bedroom apartment homes. Units range in size from 614 square feet to 1,252 square feet. Homes feature stainless steel appliances, granite countertops, designer glass tile backsplashes, ceiling fans, modern lighting, wood floors, private patios/balconies, thoughtfully designed open-concept floor plans and striking views of the surrounding area. Community amenities include a saltwater pool, dog spa, modern fitness center, expansive sundeck, private art garden, business center, co-working spaces, fire pit, arcade and entertainment lounge.
Crossroads Westside is located within the historic Crossroads Art District, a charming neighborhood with a collection of boutique shops, restaurants, coffee bars, brewpubs, studios and art galleries. Residents also have easy access to Pennway Point, a new family-friendly entertainment district, and are within walking distance of the Kauffman Center for the Performing Arts and two popular shopping districts: Crown Center, which includes Hallmark’s international headquarters and the renowned Hallmark Visitors Center, and Country Club Plaza.

SAN FRANCISCO, CA – Goodegg Investments, an award-winning commercial real estate investment firm in San Francisco, California, announced the acquisition of Crowne Club Apartments, a 250-unit class B+ apartment community in Winston-Salem, North Carolina, via its Goodegg Wealth Fund II and Goodegg Growth Fund III.
Crowne Club joins Encore Metro at Millenia – a 215-unit class A multifamily asset in Orlando, Florida, which the firm acquired in December 2023; as the second and final asset in Goodegg Wealth Fund II.
Together, the two assets provide investors a much sought-after built-in diversification opportunity through complementary assets, business plans, and markets. Investor risk is further mitigated through the fixed rate financing placed on each asset, sheltering the investments from the interest rate volatility we’ve seen in recent months.
Goodegg’s strategic approach to selecting properties like Crowne Club and Encore Metro ensures that investors are diversified, not just geographically but also in terms of market segment, thus maximizing stability and minimizing risk.
Goodegg Growth Fund III was the firm’s third Regulation Crowdfunding (RegCF) offering, allowing both accredited and non-accredited investors to participate, at a much more accessible minimum investment level, giving more people the opportunity to invest in strong multifamily assets, reap the tax advantages of investing in real estate, mitigate risk, and diversify their portfolios.
While it can be challenging to find solid new-acquisition multifamily opportunities in the current environment, Goodegg continues to maintain high acquisition standards and offers their investors a combination of strong multifamily and hotel investments in key growth markets around the country.
Crowne Club is a 250-unit class B+ garden style apartment community completed in 1995. The asset is in excellent physical condition, with immediate value-add upside, and is located minutes from the Atrium Health Wake Forest Baptist Medical Center (19,000+ jobs) in an affluent submarket of Winston-Salem, NC.
Located northeast of Charlotte and west of Raleigh-Durham, Winston-Salem has been named one of the top 10 emerging multifamily markets of 2024. The city ranked No. 10 on Forbes’ list of the 25 Best Cities for Renters and No. 1 in the study’s affordability category in 2024.
Anchored by Wake Forest University and several large banking and medical employers, Winston-Salem offers an affordable cost of living and strong job growth, which have led to low unemployment and strong net migration rates. Combined with limited new supply (only 3 market-rate apartment communities are slated in the entire Winston-Salem market over the coming 24 months), this provides the ideal scenario for strong rent growth as demand continues to climb.
“Crowne Club is a fantastic asset in an excellent emerging market, which has shown both strong growth and resilience. We’re proud to add this property to our growing portfolio, which includes several other assets in the Carolinas and throughout the Sun Belt,” said Goodegg Investments CEO Julie Lam. “Our investors love strong value-add assets like this one, particularly when paired with complementary assets like Encore Metro, which give them built-in diversification.”

CHICAGO, IL – Equity Residential (NYSE: EQR) and Blackstone (NYSE: BX) announced that Equity Residential has agreed to acquire 11 apartment properties from Blackstone Real Estate strategies in separate transactions, including Blackstone Real Estate Income Trust, Blackstone Real Estate Partners and Blackstone Property Partners, for approximately $964 million. The transactions, which remain subject to customary closing conditions, are expected to close in the third quarter of 2024.
The properties, which are located in Equity Residential s expansion markets of Atlanta, Dallas/Ft. Worth and Denver, total 3,572 apartment units and are on average eight years old. These properties are attractive to Equity Residential s higher end renter demographic and accelerate its growth in these markets. Through its industry leading operating platform, Equity Residential expects to unlock additional opportunities and value with these properties. The portfolio consists of four properties with 1,357 apartment units in Atlanta, four properties with 1,237 apartment units in Dallas/Ft. Worth and three properties with 978 apartment units in Denver. In connection with this transaction, Equity Residential is reaffirming the earnings guidance provided in its Second Quarter 2024 Earnings Release on July 29, 2024.
We are pleased to add these high-quality, well-located properties to our growing portfolios in Atlanta, Dallas/Ft. Worth and Denver at pricing that is attractive compared to replacement costs, said Alec Brackenridge, Equity Residential s Executive Vice President and Chief Investment Officer. This transaction is a significant step in our goal of generating a higher percentage of our annual net operating income from these strong growth expansion markets. We appreciate partnering with Blackstone on this mutually beneficial transaction and look forward to continuing to grow the relationship.
Asim Hamid, Senior Managing Director at Blackstone Real Estate, said, This transaction represents an excellent outcome for our investors and demonstrates the strong institutional demand for high quality assets. Rental housing remains one of our highest-conviction themes, and we continue to see strong fundamentals in attractive markets. We re pleased to have worked with EQR on this transaction, who will be an excellent steward of these properties going forward.
Eastdil Secured, RBC Capital Markets, LLC, Santander and Sumitomo Mitsui Banking Corporation (SMBC) acted as Blackstone s financial advisors. Simpson Thacher & Bartlett LLP served as Blackstone s legal counsel. Neal Gerber & Eisenberg LLP, Hogan Lovells, and Bryan Cave Leighton Paisner LLP served as Equity Residential s legal counsel.

OCOEE, FL – Greystar, a global leader in the investment, development, and management of real estate, announced that it has broken ground on Crown Point Village in Ocoee, FL, alongside its talented joint venture partner, Wire Development. Crown Point Village, featuring Elan Crown Point, is an exciting mixed-used community located approximately 15 minutes west of Orlando’s Central Business District.
“We’re excited that construction on Crown Point Village is underway,”Parker LeCorgne, Senior Director, Development, Greystar, said. “This milestone is the result of fantastic partnerships with Wire Development, the City of Ocoee, Orange County, Duck Pond Realty, Santander, as well as a world-class design team. Elan Crown Point is central to the city’s vision for establishing a town center ambiance.”
The community embraces the 22-mile West Orange Trail, which runs in the middle of Elan Crown Point. The trail, which averages over 150,000 users per month, provides seamless biking, skating, running, horseback riding, canoeing, fishing and many additional recreational opportunities. The community is close to nearby local amenities including Disney World, Universal Studios, Forest Lake Golf Club, Winter Garden Village, Plant Street Market, Sea World, and Lake Apopka, to name a few.
“We are creating a modern, elevated living experience,” LeCorgne said. “There is an abundance of recreational opportunities for residents interested in an active, outdoor lifestyle. The amenities at Elan Crown Point will encourage social connectivity and recreation with the combination of light wood tones and sophisticated details, paired with organic and coastal elements.”
Elan Crown Point will feature 315 apartment residences with a mix of one-, two- and three-bedrooms, inclusive of townhome floorplans, and live-work apartments. The community will have an integrated and thoughtfully designed clubhouse within one of the elevator-serviced apartment buildings, ground-level commercial space within multiple buildings, and a retail outparcel for a compatible and community-oriented user.
The design team includes FK Architecture, Beasley & Henley Interior Design, Harris Civil Engineers, Todd McCurdy Landscape Architect, and more. The community expects to deliver its first units in Fall 2025 with completion in 2026.

SEATTLE, WA – Fourth Avenue Capital purchased Alder Walk, a stabilized, newly constructed Class-A multifamily property located in Puyallup, WA. Fourth Avenue Capital now owns 19 assets across its portfolio, including five other properties in the Seattle MSA.
Built in 2022, Alder Walk consists of 78 apartment units within 3 residential buildings and a clubhouse on 5.06 acres of land. The property features one- and two-bedroom floorplans averaging 843 SF. All units contain washer/dryers, and the property offers garage, carport and surface stalls.
The unit interior finishes align with the newest best-in-class competitors in the local market. Unique features of the property include 10-foot ceilings throughout, ensuite bathrooms in all two-bedroom units, walk-in closets, and a robust suite of amenities including a resident clubhouse, onsite leasing office, fitness center, nature trail, playground, and outdoor BBQ area. While the property is boutique in scale, it offers residents the benefits of a larger community in an intimate natural setting.
The asset is located within the Frederickson submarket which has seen explosive growth with the population up 22% since 2020. A key feature of the area is the Frederickson Employment Center, which is the largest designated industrial area in unincorporated Pierce County and designated as a regional Manufacturing and Industrial Center. With over 5.5 million SF of industrial space delivered since 2020, thousands of jobs have been created in the process. Area major blue-chip tenants include Ikea, Amazon, Best Buy, Boeing and Ace Hardware.
According to Davis Vaughn, Managing Partner at Fourth Avenue Capital, “The acquisition of Alder Walk was a compelling opportunity to buy a newly constructed asset in a high-growth submarket, below replacement cost. With top-of-market finishes including 10-foot ceilings in all units, we feel the property is well positioned to capitalize on the strong employment growth in the area and create long term value for our investors.”

VANCOUVER, WA – Vista Residential Partners, a national multifamily development firm, has broken ground on 9 acres on N 72nd Avenue in Vancouver, WA or the development of One26 Vista, a 238-unit multifamily development.
Located on NE 72nd Avenue, Vancouver, WA the area has experienced rapid population growth predominantly driven by single-family development. To support the population growth, Clark County is currently constructing Curtin Creek Park, which is expected to include parking, walking trails, picnic shelters, restrooms, playground equipment and field areas. Curtin Creek Park will provide a gathering place for the community with a range of active and passive recreational opportunities.
Clark County Washington has seen significant economic development due to a low tax and business-friendly environment. The lack of a corporate or individual income tax has attracted many businesses to either start or relocate to the Vancouver area. Economic development efforts have focused on technology and life sciences with leading companies.
With approximately 3,000 students on its 350-acre campus, Washington State University (“WSU”) is located 3.5 miles from One26 Vista. WSU supports local economic development with research and training for high-tech jobs; over 95% of the graduates remain in Clark County. The larger WSU system is one of 108 top-tier research institutions in the United States.
“We think the Vancouver area has been the bright star in the Portland MSA. We expect to see continued growth and in migration to the area,” says Lee Novak, Chief Development Officer of Vista Residential Partners. “We are excited to provide high quality and highly amenitized multifamily housing to the area.”
One26 will offer a mix of one-, two-, and three-bedroom apartment homes averaging approximately 920 square feet. Designed by LSW Architects, the garden-style apartments will have modern architecture with secure access entries. Interior finishes include high-quality stainless appliances, quartz counters, kitchen tile backsplashes, modern laminate cabinets and flooring and roller shades, as well as air conditioning. Community amenities will include a luxury clubhouse, fitness center, pool, hot tub, enclosed dog park, package concierge and more.
“We’re excited to partner with PCCP and Principal Asset Management to develop one of the only institutional-quality projects in the area,” says Scott Hartley, chief investment officer of Vista Residential Partners. “We believe One26 Vista’s modern, design-forward aesthetic will offer residents an elevated living experience.”