DENVER, CO – Overland Property Group announced the grand opening of The Reserves at Green Valley Ranch mixed-income apartment community. Managed by Mission Rock Residential, the 216-unit community opened with residents moving in just in time to help alleviate the City of Denver’s growing housing affordability challenges.
“Our team has focused on the development of mixed-income housing since our company’s inception more than 20 years ago,” said Ryan Zent, the Vice President of Development with Overland. “We have been delivering affordable housing in Colorado’s mountain communities for years and are thrilled to now be doing the same right here in the Front Range. Denver’s housing needs are vast, and we are grateful to have participated in this successful partnership with both the City and State to help alleviate the growing demand for accessible housing in this fantastic community.”
The master-planned community of Green Valley Ranch (GVR) was annexed to Denver from Adams County nearly 50 years ago. No longer the new addition to Northeast Denver, GVR now holds a well-established place within Denver’s thriving Aerotropolis metro area. GVR is home to schools, a golf course, a recreation center, a public library, Town Center Park, a light rail stop at Pena Station, and a booming economic opportunity with its close proximity to Denver International Airport and the Gaylord of the Rockies resort and convention center.
In 2021, the Gateway Landing development broke ground in the Northwest Quadrant of Green Valley Ranch, thanks to the investment of Equity Ventures Commercial Development and project partner Wall Development Group. The total Gateway Landing development includes plans to develop a total of 525 residential units alongside commercial properties as well. The opening of The Reserves marks the delivery of the first 216 residential homes within this project.
144 of The Reserves’ 216 residences were crafted as permanently affordable housing, with income restrictions for renters ranging from 30% to 80% of the area’s Average Median Income (AMI). These units have already undergone the pre-leasing phase, with nearly 500 Denver residents applying for the homes. This deluge of applications has captured the attention of the City and County of Denver’s Department of Housing Stability, which provided $2,160,000 in financing toward the project.
“Projects like The Reserves at Green Valley Ranch help to get us well on our way of meeting our goal of producing 7,000 affordable homes over just five years,” said HOST Executive Director Britta Fisher. “These homes will make a lasting difference for Denver’s hard-working individuals and families for decades to come.”
The 72 additional market-rate apartment homes have also just completed construction and are now available for lease as well. These residences range in size from one to three bedrooms.
The community’s robust amenity package provides the full resident population with outstanding features such as a clubhouse with a leasing office, a 24/7 fitness center, a community room with indoor/outdoor fireplace, a fully equipped business center, a private theater, covered outdoor seating and firepit along with a community basketball court, kid’s playground, walking trails and picnic areas.
Mission Rock Residential has been selected to manage this new community and is already in place on-site delivering their award-winning community management and community engagement activities, along with handling the leasing activity.
“We are delighted to have partnered with the Overland Property Group in the activation and management of this beautiful new community,” said Meredith Wright, CAPS, CPM, President of Mission Rock Residential. “Our company has more than 10 years of experience in managing mixed-income communities across Colorado and around the country, and we are always thrilled when new communities like The Reserves open their doors, given the clear demand in markets like Denver today.”
In addition to Overland Property Group’s work with the City and County of Denver, the team also worked closely with the Colorado Housing & Finance Authority (CHFA) to garner tax credit support for the development, a key component of the project’s financing. The development was also made possible thanks to the IRS’ new income averaging program which allowed The Reserves to reach residents earning between 70-80% AMI, an audience who has historically been underserved. Through this income averaging program, residents will also have the chance to remain at The Reserves for longer periods, even as their income increases along the AMI spectrum.
“We have heard from residents in our apartment communities around the country that they want to be able to stay, and grow within their communities, not forced out due to incremental income increases,” said Matt Gillam, Managing Partner with the Overland Property Group. “Therefore, our team has worked hard to implement this new opportunity within the LIHTC program, and we are thrilled that our residents here in Green Valley Ranch will have the chance to stay in their homes and remain close with their neighbors and friends.”

BOISE, ID – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Selway Apartments in Meridian, Idaho. The firm purchased the property. The sale of Selway Apartments represents the firm’s ninth disposition of 2022.
“Selway was right down the fairway for Hamilton Zanze. Its size, vintage, and the Boise submarket itself all presented exciting opportunities at the time of acquisition,” said Anthony Ly, director of dispositions at Hamilton Zanze. “We are elated to have executed on this deal and delivered a positive outcome for 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.
The Selway Apartments were built in 2009 and are located at 2552 West Selway Rapids in Meridian. The property comprises 171 units, averaging 942 square feet, across 19 buildings. The community has a pool, an indoor pool spa, a barbecue area, and a fitness center.
The Apartments are located in Meridian, the second largest city in Idaho. Selway is in close proximity to several major Boise employers, such as Boise State University. The property is close to Valley Regional Transit (VRT), which connects Meridian to other major areas in the Boise MSA. Selway Apartments is located 17 miles from Downtown Boise and 16 miles from the Boise Airport.

ARLINGTON, TX – The Texas Rangers and The Cordish Companies gathered to celebrate the groundbreaking of One Rangers Way, a luxury residential community in the heart of the Arlington Entertainment District. The Rangers and Cordish were joined by Arlington Mayor Jim Ross, Arlington City Council, and community and business leaders from the City of Arlington and Tarrant County to recognize this exciting milestone.
One Rangers Way continues the incredible momentum of new development in the Entertainment District that began with the opening of Texas Live! in 2018. The project continues the next phase of over $1 billion of new development currently under construction in the Entertainment District that includes the forthcoming Loews Arlington Hotel & Convention Center, National Medal of Honor Museum and Spark Coworking.
“Today marks an important milestone in the continued development and expansion of the Arlington Entertainment District,” said Texas Rangers Managing Partner and Majority Owner Ray Davis. “The construction of One Rangers Way will bring an upscale residential component to an area that is already widely known as one of the fastest growing sports and entertainment destinations in the country. The Texas Rangers are proud to partner with the City of Arlington and The Cordish Companies on this incredible project.”
One Rangers Way will celebrate the rich history of the state of Texas and showcase a unique design and curated art collection inspired by the Texas Rangers and America’s favorite pastime. Slated to open in 2024, One Rangers Way will create an exciting first opportunity to live steps away from Globe Life Field, Choctaw Stadium and AT&T Stadium. Its integration with the Entertainment District and proximity to these three iconic stadiums, as well as Texas Live!, Live! by Loews, Loews Arlington Hotel & Convention Center and the National Medal of Honor Museum, will offer a completely unique residential experience. One Rangers Way will feature high-end materials and appliances, expansive ceiling heights, floor-to-ceiling windows and meet National Green Building Standard (NGBS) certification. The 300-unit apartment community will offer a mix of 1-bedroom, 2-bedroom and penthouse apartment homes, as well as a parking garage with 423 spaces.
“It is a great honor for The Cordish Companies to continue its partnership with the Texas Rangers and City of Arlington,” stated Blake Cordish, Principal of The Cordish Companies. “From day one, we knew that a vibrant residential community needed to be a part of our plans in creating a best-in-class mixed-use development. With One Rangers Way, we have created an incredibly special building that will offer the first opportunity for residents to live within steps of three iconic stadiums, Globe Life Field, Choctaw Stadium, and AT&T Stadium, as well as the National Medal of Honor Museum just across the street. Today’s milestone is another important step forward in delivering a world-class destination that will benefit the Arlington community and be a national draw for tourism for decades to come.”;
“One Rangers Way is a wonderful addition to our growing skyline in the Entertainment District and will bring unmatched lifestyle options to our community,” Arlington Mayor Jim Ross said. “We are grateful for this transformative development, made possible by our partnerships with the Rangers and The Cordish Companies.”
One Rangers Way will offer one of the most luxurious, resort-style apartment communities in the country with over 43,000 SF of interior and exterior amenity space. The project will offer an upscale living experience with one-of-a-kind amenities and services on par with the finest residential and condo buildings in the country.
“We are extremely excited to be breaking ground on One Rangers Way today,” said Marnie Sauls, Executive Director of Residential Management for The Cordish Companies. “There will be nothing like this building in the country. This is an incredibly exciting opportunity for our team to deliver a one-of-a-kind living experience in the heart of Arlington Entertainment District. We look forward to welcoming more residents to the Arlington community in 2024.”

SEATTLE, WA – A joint venture between Security Properties and STARS REI purchased 624 Yale, a trophy type-one midrise style multifamily property located in Seattle’s South Lake Union neighborhood for $104,000,000. This will be the second asset for this partnership, following the acquisition of Augusta Apartments in the University of Washington’s University District back in 2019. Security Properties now owns 113 assets totaling approximately 22,500 units across its portfolio. This includes 30 properties and more than 6,400 units in the Seattle/Tacoma/Bellevue MSA.
624 Yale was completed in 2018 and consists of 206 residential units spread across two connected buildings. The property also features 1,942 SF of ground level retail space. Floorplans consist of studios, one and two-bedroom units averaging 711 square feet. Unit interiors consist of white or light brown cabinets, stainless steel appliances, quartz countertops, hardwood flooring, double and triple-paned windows, spacious closets, and private balconies in select units. From an amenity perspective, the property offers a leasing center, fitness center with yoga studio, two rooftop spaces with sweeping views of downtown Seattle and Lake Union, controlled building access, secure parking garage, bike storage, dog washing station and a mail room with parcel lockers. The business plan is a long-term hold with strategic value-add upgrades to both unit interiors and amenity spaces.
South Lake Union has solidified its reputation as one of the nation’s marquee technology and innovation hubs. Industry leading companies such as Amazon, Apple, Meta, and Google’s appetite for expansion in the area has magnified in recent years, fueling robust economic growth in the area. South Lake Union also sits within the Circle of Employment, which hosts numerous high-wage technology and life-sciences companies surrounding Lake Union such as Adobe, Tableau, the University of Washington, PEMCO, and many more. In addition to being home base to Seattle’s thriving tech scene, the neighborhood includes lakefront access, 170 acres of parks, public art, multiple transportation options, museums, residential and office high-rises, and a wide array of bars and restaurants.
According to Alex Gauper, Director at Security Properties, “the acquisition of 624 Yale represented a unique opportunity to purchase a fully stabilized trophy mid-rise asset at a basis significantly below current replacement cost. As renters continue to return to the core, we feel 624 Yale’s dynamic location at the center point of Seattle’s most robust and diversified employment center well positions the asset to fully capture the recovery and future growth of the South Lake Union submarket. We are very excited to have a partner in STARS REI that shares in our long-term conviction and to add 624 Yale to our Seattle core portfolio.”
“We are delighted to keep increasing our residential portfolio in Seattle with Security Properties as our partner. We remain bullish in the long-term on this city due to its powerful and unique ecosystem” said Felipe Laso, Sr. Associate at STARS REI, a privately held real estate investment management company headquartered in Santiago, Chile. “We both share the conviction that opportunities appear in uncertain times, so instead of putting our pencils down, we are trying to be as active as possible in finding high-quality buildings such as 624 Yale.”

SCOTTSDALE, AZ – Mark-Taylor Residential, a leading developer, owner and investment manager of multifamily communities in the Southwest, welcomed Derby into its management portfolio. Located at 800 N. 2nd St. in the Roosevelt Row district of Downtown Phoenix, Derby features uniquely designed high-rise, micro-unit homes that measure from 328 square feet to 834 square feet.
Offering a forward-thinking approach within multifamily housing, Derby is Mark-Taylor’s first high-rise micro-unit community. “The Derby’s micro apartments offer a uniquely minimalist lifestyle, designed for the on-the-go resident to enjoy living in the heart of Downtown Phoenix,” says John Carlson, President of Mark-Taylor. “This exciting addition to our management portfolio is reflective of Mark-Taylor’s commitment to evolving our services today, to meet the resident needs of tomorrow.”
The 21 floors of micro-units at Derby feature awe-inspiring amenities and make a chic, fast-paced lifestyle in the arts district a reality. Future-forward features like integrated smart home technology, classic touches like Murphy beds, and built-in storage help cut down on clutter—a home at Derby is all about convenience.
Boasting an impressive Walk Score of 86, Roosevelt Row ranks notably for its pedestrian friendliness. This highly desirable locale connects Derby residents with top rated art galleries, world-class restaurants, nightlife hot spots, retail destinations, Downtown’s office towers, and more. From effortless daily commutes to epic nights out, Derby’s unmatched downtown location delivers an incredible lifestyle.

RALEIGH, NC – Officials at The Preiss Company (TPCO), one of the nation s largest, privately-held, student housing owner-operators, announced the acquisition of the 928-bed Valentine Commons for an undisclosed amount. The off-campus student apartment complex will undergo a $10 million renovation to further upgrade certain public and private spaces.
Ben Roelke and Ian Walker with Newmark, a global commercial real estate services provider, arranged $77,300,000 in acquisition financing through a life company lender. The five-year loan featured full-term, interest-only payments along with a low floating interest rate, flexible prepayment and a future funding facility to finance the capital upgrades program at the property.
Valentine Commons is an ideal addition to the Preiss portfolio,” said John Preiss, president of TPCO. “This iconic asset is centrally located to a plethora of schools and attractions. The NC State market has been one of the top performing markets in our portfolio, and we believe the upside potential in Valentine Commons is huge. Boasting the largest CapEx plan in the company s history, we plan to build out new amenities, including a pool and rooftop terrace, as well as interior upgrades.
Located steps away from NC State Campus at 3009 ME Valentine Dr., the student apartment complex serves multiple N.C. institutions of higher learning, including North Carolina State University, Meredith University, Campbell School of Law, Peace University, Shaw University, St. Augustine’s University and Wake Tech. The 277-unit, 11-story building is adjacent to the Dan Allen parking garage, right around the corner from Hillsborough Street’s best local restaurants and just minutes from Downtown Raleigh and District Village. Community amenities include a pool, rooftop terrace, private study rooms on every floor, business center, aerobics room, fitness center and game room with a pool table, foosball, darts, shuffleboard and a 65″ TV. Valentine Commons also provides elevators, multiple trash chutes on every floor, a private parking garage, on-site management and monthly resident events.
Valentine Commons has traditionally been more of a ‘transitional housing option for freshman moving out of the dorms and venturing into apartment life, said Adam Byrley, chief operating officer of TPCO. Our business plan is to turn the perception of this asset on its head with top-tier interior unit finishes, brand new amenity spaces and an exciting atmosphere that includes common spaces encouraging socialization and community. Both current and prospective residents will all be taking a second look at Valentine Commons as a community worthy of staying at throughout their time in college.”
Valentine Commons offers two-, three- and four-bedroom apartments featuring private bedrooms, private bathrooms, washer and dryer and oversized windows. Apartments are fully furnished to include wood flooring throughout the common areas, plush bedroom carpeting and full kitchens equipped with all major appliances. High-speed internet, cable, electricity, water, trash and sewer services are all included in the monthly rental installment.
TPCO will invest approximately $10 million to upgrade certain public spaces and units. The pool and rooftop terrace will be fully upgraded, and apartments will receive new interior cabinets, countertops, appliances and flooring.

SEQUIM, WA – Oxford Capital Group announced its acquisition of the Sherwood Portfolio, three senior housing properties totaling 256 units in Sequim WA, through a joint venture with funds managed by affiliates of Fortress Investment Group. The venture acquired the properties from an independent family operator. Oxford’s senior housing management affiliate, Oxford Living US LLC, will manage the properties. Terms of the transaction were not disclosed.
“We are excited to continue to expand our senior housing silo as we strategically assemble a portfolio of properties throughout the United States and Canada,” said John W. Rutledge, Founder, Chairman & CEO of Oxford Capital Group, the Chicago based investor/manager/developer. “Oxford Living has made targeted senior housing acquisitions and investments in a number of growing markets throughout the southeastern United States and Canada, including Florida and Ontario. We plan further portfolio acquisitions in these and other markets.”
“We are excited to partner with an extremely talented Oxford Living team, and we see significant valuation and operational upside potential in the Sherwood Portfolio,” said Fortress Managing Director Peter Stone. “This transaction builds further on our strategy of acquiring senior housing assets with scale in attractive demographic areas that are well-positioned to weather an inflationary environment.”
“While most institutional investors focus on high-end development in urban centers, our strategy is to buy overlooked mid-market properties which are dependable, comfortable and affordable,” said Oxford Living President Lawrence Cummings, who has over thirty years of experience in seniors housing management, operations and development. “We have been warmly received by the resident community in the properties we are acquiring, as well as by the civic leadership of Sequim, and we look forward to continuing to fulfill the properties’ mission to serve their residents and surrounding communities.”
Oxford Living focuses on high private pay senior housing properties in both primary and important secondary markets throughout the United States and Canada. Acquisitions focus on markets with compelling demographics and properties with significant value add potential.
The three property Sherwood Portfolio totals 256 units located in Sequim, WA which is a regional retirement mecca known for its favorable climate and scenic vistas. The venture will invest over $8.0 million in enhancing the properties, with plans for a significant expansion of the portfolio’s assisted living /memory care offerings.
Oxford is a Chicago-based international real estate private equity investment, development and management firm with a historic focus on operationally intensive forms of real estate, including the senior housing, hospitality and multi-family sectors. Oxford has sponsored, co-sponsored and/or invested in over $4.0 billion in senior housing and hospitality assets.

HUNTSVILLE, AL – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of FarmHaus Apartments, a 324-unit Class A multifamily community located in the Huntsville suburb of Madison, Alabama.
“Huntsville is the epicenter of the military defense industry,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “With more PhDs and engineers per capita than any other city in the U.S., this tech-centric city is home to the nation’s second-largest research park, the U.S. Space & Rocket Center, and Redstone Arsenal that supports the national defense with large groups from the Department of Defense, Department of Justice, and NASA. Expanding Capital Square’s multifamily investment footprint in this stable and growing market just makes sense.”
Located at 1260 Balch Road, the 22-acre property offers open-concept one-, two-, and three-bedroom units averaging 973 square feet with top-of-the-line finishes, including stainless steel appliances, standalone kitchen islands with quartz countertops, in-unit washers and dryers, walk-in closets, keyless entry access and private patios or balconies. Community amenities include a resort style pool with large sundeck and cabanas, hot tub and spa, state-of-the-art fitness center, business center with a coffee bar, TV and gaming lounge, communal grilling station, as well as a fenced in dog park and pet spa.
FarmHaus is adjacent to the Clift Farm master development, which is home to numerous retail outlets including a 400,000-square-foot Publix. The property’s location along Highway 72 provides residents easy access to multiple job centers throughout the Huntsville area, including Redstone Arsenal, Cummings Research Park and the newly opened Mazda Toyota Manufacturing facility.
“FarmHaus Apartments is a Class A multifamily community located in an affluent part of Greater Huntsville, where population growth has exceeded 30 percent since 2000 and continues to expand at a rapid pace,” said Whitson Huffman, co-chief executive officer. “The local economy is vibrant and demand for quality rental living continues to far exceed available supply, making FarmHaus an attractive opportunity for Capital Square and the investors we serve.”
The Huntsville metropolitan statistical area has experienced a substantial 31.6% increase in population growth since 2000 and the city is projected to add 50,000 new residents by 2025. According to the U.S. Census Bureau, Huntsville’s population growth is the fastest in the state of Alabama and it is the most affordable city in the country, per reporting by U.S. News. Research by Yardi Matrix demonstrates that the median household income within a three-mile radius of FarmHaus exceeds $100,000.
Known as “Rocket City” for the development of the first rockets that put men on the moon, Huntsville is the largest city within the state of Alabama and is home to several higher education institutions, a variety of growing job industries, outdoor recreation activities, and numerous entertainment and retail options. Top industries in Huntsville include military/aerospace and defense-related businesses, as well as medical, education, aeronautics, research, telecommunications and local government.

CHARLESTON, SC – ECI Group announced the acquisition of The Factory at Garco Park, a 271-unit, built in 2017, institutional-grade multifamily community in the highly-desirable Park Circle neighborhood in North Charleston, South Carolina.
The Factory at Garco Park is ECI’s first investment in the Charleston metropolitan area and, with assets in Greenville and Savannah, their fourth in the Carolinas/SE Georgia region. Financing for the acquisition was provided by SouthState Bank.
“The Factory at Garco Park offers ECI an opportunity to recycle capital from our recent sale of The Columns at Vinings in Atlanta into a very high quality, exceptionally well-located asset in a top expansion market for us,” said ECI Chief Acquisitions Officer, Scott Levitt. “With our ability to self-manage and oversee additional enhancements to the balance of the unit interiors and the property’s exterior and amenity package, we look forward to this property providing us with a cornerstone asset in the Charleston market.”
The 1031 Exchange involving the recently announced sale of The Columns at Vinings and the acquisition of The Factory at Garco Park is the 5th such exchange for ECI in the last 18 months.
The Factory at Garco Park, located at 4993 O’Hear Avenue in North Charleston, features upscale, spacious studio, one-, two- and three-bedroom units. The community’s walkable experience has made it popular with young professionals seeking a vibrant Peninsula lifestyle, with an abundance of restaurants, retail, and nightlife, in the East Montague corridor just steps from their front door.

ATLANTA, GA – Tricon Residential, an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, confirmed the closing of the previously announced sale of its 20% equity interest in a portfolio of 23 Sunbelt apartment buildings to a vertically integrated residential real estate investment and property management company, which will assume all asset and property management responsibilities for the portfolio after a customary transition period.
The sale resulted in gross proceeds of approximately $315 million to Tricon. The Company intends to use the net sale proceeds primarily to repay outstanding debt on its corporate credit facility, enhancing its balance sheet flexibility to pursue future growth in its core single-family rental business. Tricon also intends to use a portion of the proceeds to repurchase common shares under the normal course issuer bid announced on October 13, 2022.
Tricon Residential is an owner and operator of a growing portfolio of approximately 34,000 single-family rental homes and multi-family rental apartments in the United States and Canada with a primary focus on the U.S. Sun Belt.