SPRING, TX – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces the second groundbreaking from its new “build-to-rent” (BTR) division focused on single-family rental home neighborhoods. Construction is scheduled to begin in October at The Everstead at Windrose in Spring, Texas. The project will be pursued in a partnership with Principal Real Estate Investors.
“Landmark is excited to kick off our partnership with Principal, and we look forward to developing a first-class neighborhood with The Everstead at Windrose,” said President and CEO of Landmark Properties, Wes Rogers. “With nearly 30 BTR projects in the pipeline, our fully-integrated platform is well-positioned to quickly expand our single-family rental portfolio despite the distress in capital markets.”
The Everstead at Windrose, located at 7801 Farm to Market 2920 in Spring, Texas, will add 194 townhouses, single-family homes, and cottage-style homes to the Houston area’s rental offerings. The gated community will provide residents access to high-quality, shared amenities, including a resort-style swimming pool, fitness center, playground, grilling area, dog park, hammock garden, Bocce Ball court, and coffee bar. There will be on-site parking with several spaces dedicated to guests. The development will incorporate sustainable features and is expected to achieve the National Green Building Standard Bronze Certification.
The homes will include quartz countertops, stainless-steel appliances, large pantries, hardwood-style floors, full-size washers and dryers, ceiling fans, a walk-in closet for the main bedroom, and a backyard with private patio. Some units will feature 10-foot ceilings and an attached garage or storage room. Situated in the north Houston suburb of Spring, The Everstead at Windrose provides residents proximity to several retail and entertainment areas, including The Woodlands, Tall Pines Amphitheater, Market Street, and the Woodland’s Children’s Museum. The community is expected to be completed in 2024.
“The neighborhood where The Everstead at Windrose is being developed is near a master planned community with single-family homes, award-winning schools, and attractive retail amenities,” said Blair Sweeney, Managing Director of Development for Landmark’s build-to-rent division. “We are excited to provide residents and their families an opportunity to live in a single-family style home in a compelling location while enjoying amenities and service typical of a condominium community.”
“This project fits our strategy of providing a high-quality housing solution at a reasonable cost to individuals and families desiring the benefits of a single-family home experience with the financial flexibility of being a renter,” said Jim Halliwell, Managing Director, real estate, Principal Global Investors. “We are delighted to partner with Landmark who shares our vision of creating aesthetically pleasing communities and curating a top-tier customer experience, in conjunction with a commitment to sustainability.”

ARLINGTON, TX – Sentinel Real Estate Corporation announced that it has acquired Debbie Lane Flats, a 331-unit garden-style apartment community located in Arlington, Texas. The property represented an opportunity for Sentinel to acquire a stabilized newly-built luxury community in the desirable and rapidly growing Dallas-Fort Worth Metroplex.
Debbie Lane Flats consists of one-, two- and three-bedroom apartments, averaging 895 square feet per unit. The luxury residences are equipped with stainless steel appliances, quartz countertops, wood-style flooring, nine-foot ceilings, LED lighting, smart lock keyless entry, smart thermostats, full-sized washer/dryers, oversized garden-style tubs, walk-in closets, and private patios or balconies. In select units, there are extra storage closets, private yards, standing showers and dual-vanity sinks. Community amenities include a 24-hour fitness center, a resort-style pool and sundeck, outdoor grill stations, a gourmet kitchen, a business center, a cyber café, a 24-hour package locker with cold storage features, controlled access gates, bike racks, electric vehicle charging stations, a dog park and a valet dry cleaning service.
Debbie Lane Flats exemplifies our core investment strategy of acquiring high-quality stabilized assets in high-growth markets across the U.S., said Michael Streicker, President of Sentinel. In this case, Arlington is at the heart of one of the nation s fastest-growing employment centers, which consistently exceeds the national average for job growth. In the last year alone, employment in the Metroplex has grown by 7.2 percent, representing nearly 280,000 jobs, and is expected to grow 2.4 percent annually over the next five years. This job growth, combined with highly-rated school systems and quality of life factors, will support continued population growth and drive the long-term success of the asset.
Debbie Lane Flats is optimally located approximately 18 miles southeast of Fort Worth and 27 miles southwest of Dallas, and situated along the southbound lane of South State Highway, a major highway that runs north/south into downtown Arlington and connects to Ronald Reagan Memorial Highway, a major east/west thoroughfare. The property is within a 20-minute drive of a variety of the region s top employers, such as GM Financial, a General Motors SUV assembly plant and Poly America, as well as the headquarters of American Airlines, IKEA and Lockheed Martin. Additionally, the property is served by the highly rated Mansfield Independent School District.
Debbie Lane Flats is also located proximate to high-quality shopping, dining and entertainment options at Arlington Highlands and The Parks Mall at Arlington, with major retailers such as Kroger, Sprouts Farmers Market and Walmart Neighborhood Center supermarkets, as well as Best Buy, Target and Marshalls – among other name brand stores and restaurants – nearby. The community is within walking distance of Lloyd Park at Joe Pool Lake, which features camping, swimming, kayaking, canoe rentals and other recreational amenities. It is also located within a 15-minute drive of Six Flags Over Texas adventure park and the Texas Rangers and Dallas Cowboys stadiums.
Sentinel has been active in the Dallas-Fort Worth market throughout its 53-year history, having owned and operated 24 multifamily properties and six commercial properties in the area. The firm will continue to leverage its market expertise and deep industry relationships to identify attractive investment opportunities and expand its portfolio in the region.

ORLANDO, FL – Venterra Realty recently acquired the Luma Headwaters community located in Orlando. The 328-unit, 4-story multi-family community was completed in 2020 and offers studio, one, two, and three-bedroom garden-style residences that range from 600 – 1,323 square feet in twelve unique floor plans. The apartments feature quartz countertops, stainless steel appliances, deep under-mount sinks with chef-sprayer faucets, oversized closets, contoured garden tubs, and washers and dryers.
Residents can enjoy Luma’s best-in-class amenity package, spending time in the well-appointed pool area with grilling areas and social spaces. Additional on-site amenities include a bark park, pet salon, state-of-the-art fitness center, connected yoga/spin studio, remote office space, clubhouse with billiards, and more.
Luma Headwaters is well situated off S John Young Parkway, adjacent to the International Drive tourism corridor. The location is convenient to several major employers and tourist attractions such as Sea World, the Orange County Convention Center, and the future Universal Epic Universe Orlando theme park all within 5 minutes of the property.
Venterra will implement its resident-focused programs such as the Live it. Love it. Guarantee., the 48-Hour Maintenance Guarantee, and SMARTLEASING.
“We have seen excellent growth in the Orlando area, and are excited to expand our Florida portfolio with the addition of our fourth property in the sunshine state this year, Luma Headwaters,” said John Foresi, CEO of Venterra Realty. “Venterra has become known as a company that is committed to providing a market-leading living experience, and we look forward to identifying opportunities to further enhance the standard of living at Luma Headwaters by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

GEORGETOWN, TX – Novak Brothers Development announces breaking ground on a 12-acre parcel located inside of the new, master development Wolf Lakes Village in Georgetown, Texas. Construction begins this week on Rise510, a 301-unit, luxury, multifamily Novak community with completion expected summer of 2024.
The development will feature first-class amenities on site, such as tuck-under private parking, a fitness center, a swimming pool and a one-acre community park. With close proximity to 25 miles of hike and bike trails, beautiful parkland, and convenient access to major highways, shopping, and historic downtown Georgetown, Rise510 is primed for success. The site has excellent connectivity with Interstate 35 and State Highway 130 toll road, providing quick access to additional employers and amenities in Round Rock, Cedar Park, North Austin, and even Austin Bergstrom International Airport.
“We are excited to begin construction on Rise510 in the rapidly growing city of Georgetown, Texas,” said Andy Heard, President and Partner of Novak Commercial Development. “It is our vision to develop high-quality, experiential living environments that provide unmatched amenities, as well as proximity to anything a person hungry for lifestyle experiences might desire.”
Wolf Lakes Village is a one-of-a-kind, 164-acre master-planned European village on the edge of the Hill Country in beautiful Georgetown, Texas. Once completed, Wolf Lakes Village will offer unique amenities such as community lakes, a large outdoor amphitheater, park space, sports courts, hike and bike paths, an ice skating rink, a wedding chapel, an event center, seasonal events, and music venues. Major Wolf Lakes Village commitments include a 15.5-acre site for a 117,000 square foot H.E.B. flagship grocery store and a 12-acre Ascension site planned for medical office buildings and an ambulatory surgical center.

FARMINGTON HILLS, MI – The area near Haggerty Road between 12 Mile and 13 Mile, originally master planned for high tech office and business parks, has consistently attracted a highly sophisticated and often multinational workforce accustomed to modern upscale living.
However, employees of the notable businesses nearby—such as Mercedes Benz, Bosch, the Henry Ford Medical Center, and Harman International—have had limited local options for contemporary and high tech apartments with modern amenities, styling and technology. That will change when Beztak s latest apartment community, Innova, opens in the fall of 2023.
Beztak CEO Sam Beznos explains, Until we broke ground on Innova, the majority of renters seeking to live close to work had only decades-old garden-style communities to choose from—often with only modest finishes, limited amenities, low ceilings and a very traditional feel. Novi s 21st-century workforce has created a great demand for upscale apartments near I-696, I-96 and I-275. Innova will meet that demand and offer a new luxury rental option in Novi for these discerning renters.
A community of 10 uniquely conceived buildings on 22 acres, Innova has plenty to offer the community with sleek townhomes and one-, two-, and three-bedroom luxury apartment homes for rent with a fresh European style not currently offered in Novi. The 272 apartments and townhomes will range from 809 to 2,123 square feet and feature chic, high-end finishes and features such as wood-plank flooring, quartz countertops, stainless steel appliances, and in-home washers and dryers.
About half of Innova s rental homes will have garage and carport parking—a premium amenity during Michigan winters. Residents will be able to keep in shape at the community s fitness center with high-end interactive equipment including Peloton® exercise cycles and Mirror home fitness devices. A generously-sized outdoor pool with a cabana, an area for yard games and barbecues, and an extensive exercise area are among the many outdoor amenities planned for the apartment development, located near Nissan, Panasonic, and Magna Seating.
For the convenience of out-of-state or international workers relocating to Novi, or assigned to the area on a temporary basis, some of the units will be furnished and available for short-term rental.
Beztak—named one of the Best Managed Companies by Deloitte Private and The Wall Street Journal—prioritized environmental impact when designing its newest luxury apartments north of Detroit. Innovative smart technologies such as electronic locks, lighting and thermostat controls, plus Energy Star appliances, are designed to appeal to residents who demand the latest in environmentally-conscious living. Innova s apartments and townhomes will also be constructed to the latest LEED (Leadership in Energy and Environmental Design) health, energy efficiency, and cost savings standards from the U.S. Green Building Council.
The most visible commitment to green construction will be Beztak s protection of a wetland the company incorporated into the community s design. Beztak plans a walking path through the forested wildlife habitat meandering along the west side of Innova s site.
This is typical Beztak—bringing a project to life through innovation, creativity, and problem solving, says Beznos. Others may have seen the wetland as a burden, but we saw an opportunity to protect the environment and to create another amenity for our residents. We develop every community with consideration of the natural site conditions and with a deep understanding of what the market would like to see. Our projects enhance the surrounding community, so we can offer our residents a living experience they can t get anywhere else.

HOUSTON, TX – Civitas Capital Group, through its residential development subsidiary The Shelter Companies, is developing a 238-unit, 381-bed residential multifamily project on approximately 1.09 acres in Houston’s thriving Montrose district. The development, UNITi Montrose, will provide attainable rental housing in one of the most expensive and desirable submarkets of Houston through a unique blend of co-living, shared common areas, and micro-units.
General contractor Arch-Con Corporation is constructing the six-story, 199,320-square-foot multifamily building stacked on a three-story, 109,000-square-foot cast-in-place concrete parking garage. Designed by Meeks Partners, the development includes 14,122 square feet of amenities, balconies, a fourth-floor pool and courtyard, and 4,000 square feet of retail space on the ground floor.
Shelter is a disrupter in the traditional multifamily market, anticipating historic shifts in the Sun Belt region of the United States to accommodate residents. UNITi Montrose is an example of the firm’s investment strategy to deliver solutions for cost-burdened renters.
“UNITi Montrose will provide fully furnished units, flexible lease terms, Class A amenities, and all-inclusive rent payments that provide a frictionless experience to an evolving demographic of renters,” Shelter’s Principal Mark Drumm said. “We are seeing that renters are willing to share certain amenities in exchange for convenience, flexibility, and high-quality living, and this project provides just that.”
The project, located in the Montrose neighborhood, is less than 10 minutes from Houston’s central business district, including Midtown, the medical center, The Ion, and major universities. It is expected to generate more rent per square foot than traditional multifamily dwellings, while providing attainable rental rates for middle-income earners.
Arch-Con began working with Shelter and Meeks Partners in the spring 2021 on pricing and design. “Multifamily projects of this type require measured preconstruction efforts to ensure they are economical and timed just right,” Arch-Con’s Vice President of Multifamily Bryan Tufts said. “Making sure this project was cost-effective for Shelter and its future residents was equally important as we thrive on finding the best solutions for our clients.”

KANSAS CITY, MO – Stoneweg US, a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Wild Oak Apartments, a 348-unit community located in the Northland (Liberty) submarket of Kansas City, MO; a major US market, which has experienced positive net migration for the last several years and continues to show strong growth indicators in the future.
“We’re pleased to announce the acquisition of Wild Oak Apartments, an asset located in one of the premier submarkets of the high-performing Kansas City MSA,” said Matthew Levy, Executive Vice President & Head of Investments for Stoneweg US. “Securing an asset of this caliber during such a difficult and volatile time in the market gives us great momentum as we head into Q4.”
Located in the highly desirable Northland submarket, Wild Oak Apartments features 348 units consisting of 1, 2, and 3-bedroom apartments with a moderate amenity suite that includes two onsite pools, a full-sized basketball court, volleyball court, two-story clubhouse, and over 500 parking spaces including 58 detached garages and 54 carports.
Stoneweg US will implement an aggressive capex plan upon takeover that will include extensive sustainability initiatives as well as unit and property improvements. Beginning immediately Stoneweg US will begin benchmarking energy, water & waste using Energy Star Portfolio Manager and implement a community recycling program. Internal upgrades will include new granite countertops, subway tile backsplashes, Water Sense plumbing fixtures, stainless-steel Energy Star appliances, cabinet refinishing, and washer/dryer additions to all units; while external upgrades will consist of pool area improvements including grilling stations and new pool furniture additions, new fitness center equipment, painting of parking and common areas, and installation of a new package locker system for residents. The Company will also enter into a programmatic HVAC replacement plan, manage water and electricity consumption with market best practices and examine the existing solar installation to optimize energy production in accordance with the Company’s keen focus on incorporating environmental sustainability solutions throughout its portfolio.
“With population growth upwards of 7% in this area, and compressed supply for renters looking to penetrate this submarket, our team is looking forward to the transformation of Wild Oak Apartments,” said Ryan Smyth, Director of Acquisitions. “We’re confident that our proposed business plan will elevate the curb appeal for prospective renters while enhancing the experience for existing residents and positioning the asset for favorable future results.” Stoneweg US has appointed Greystar as the property manager to oversee operations at Wild Oak Apartments.

NEW YORK, NY – Related Companies launched leasing for The Set, located in Hudson Yards at 455 10th Avenue. The 270-unit project is the first building of its kind blurring the line between a five-star hotel and luxury residential experience.
Designed by Handel Architects with interiors by MAWD, The Set will offer a home or home-base, social club, and professional workspace with a food & beverage program overseen by renowned Chef Dan Kluger. The fully serviced and furnished turnkey residences feature studio, one-bedroom, and two-bedroom apartments priced from $5,200/month with 6-month and full year leases; move-ins begin September 30, 2022.
“Thoughtfully designed for work, play and everything in-between, The Set combines a world-class residential building, five-star hotel services, and private members club into a place residents can call home,” said Jeff T. Blau, CEO of Related Companies. “From the expertly furnished residences, sky-high office suite, resident-only restaurant, to the tailored programming and events, The Set will bring a renewed way of living to Manhattan’s West Side.”
Offering a truly turnkey living experience, The Set’s fully furnished residences will feature elevated materials, exquisite finishes and designer furnishings. Each residence will have soaring nine-foot ceilings with breathtaking city views, floor-to-ceiling windows, European wide plank oak wood flooring and custom cabinetry. Residents have the opportunity to select from an array of designer furniture and accessory packages featuring art curated by the contemporary art gallery and marketplace Sugarlift. The Set’s category-defining fully-furnished and serviced residences have been thoughtfully designed for the evolving needs of its residents. Hotel-inspired services including weekly housekeeping, daily package and grocery delivery, laundry and dry-cleaning services, smart-home customization, room service, and more are all included in monthly leasing fees.
The heart of the community will be ‘The Set Club,’ a fully-serviced, resident-only social club soaring 500 feet in the air at the top of the building. The Set Club is dedicated to work and play and includes a private restaurant and bar by Chef Dan Kluger, rooftop pool and garden, expansive office spaces, ongoing programming, and more. The Set Club’s ‘Directors of Experience’ will serve as a dedicated concierge, assisting residents with any special requests and overseeing private event planning in both the amenity spaces and individual residences.
Additional spaces within The Set’s three designated amenity floors include a demonstration kitchen and lounge space, private dining room, game room, screening room, terrace with barbeque pods and virtual reality room with golf simulator and VR games. A dedicated wellness floor includes a state-of-the-art gym and yoga and virtual fitness studio.
The 44-story tower by Handel Architects utilizes glass, metal and terracotta to bridge the aesthetic of the surrounding neighborhoods on Manhattan’s West Side.
“We wanted the exterior expression to feel residential and inviting, but also have a timeless quality,” said Frank Fusaro, Partner of Handel Architects. “Terracotta was the perfect accent material since it provides that feeling of warmth. We used a bronze finish to visually connect the tower to the low-rise brick buildings nearby. Overall the building’s exterior expression is one of quiet sophistication in a busy New York City neighborhood.”
Curated by interior design firm MAWD, The Set’s interiors combine forward-thinking elements for experiential living. The use of innovative materials and grounding palettes in the project’s design creates a unique and modern sense of space informed by the MAWD’s previous experience designing members clubs across the globe.
“Recasting the pied-à-terre for a new era, The Set’s interiors have been programmed for each moment of the day, and a 24/7 lifestyle. Blurring the distinction between hotel and residential living, this ultra-service residence has been designed to mimic the warmth of home, with the magnetism of a destination,” said Elliot March, MAWD Co-Founder.

ATLANTA, GA – Ashcroft Capital, a fully integrated multifamily investment firm, announced the acquisition of four apartment communities totaling 1,080 homes in the Atlanta metropolitan area. Birchstone Residential, Ashcroft Capital’s in-house property management company, has assumed management of the communities.
The Atlanta-area communities include Halston McDonough (formerly Carrington Green) in McDonough, Ga., Halston South Point (formerly Villas at Southpoint) in McDonough, Halston Shiloh Valley (formerly Shiloh Valley Overlook) in Kennesaw, Ga., and Halston Harris Bridge (formerly Harris Bridge Overlook) in Dallas, Ga.
“In spite of capital market fluctuations, we remain bullish on multifamily based on the current and projected fundamentals within our Sun Belt metros. Because of this, we’re excited to acquire this value-add portfolio of four core-plus quality properties located in a high-growth metro in which we have an existing presence,”said Frank Roessler, founder and CEO of Ashcroft. “Additionally, this portfolio had a very strong history of institutional ownership, and the previous regime handed them off to us with minimal deferred maintenance. That said, we believe we can significantly improve the assets by updating the classic homes and further modernizing the amenity spaces.”
With the acquisitions, Ashcroft now has 10 communities in metropolitan Atlanta.
“Atlanta is a great example of the kind of Sun Belt market we want to be in,” said Scott Lebenhart, chief investment officer for Ashcroft Capital. “It’s experiencing population growth, has a diverse economy and offers a tremendous quality of life. In short, it’s exactly the kind of metro area in which renters want to be. We only entered the metro Atlanta market last year, but we’re committed to growing a significant portfolio in the area because of the rock-solid fundamentals of the apartment market there.”
The business plan will be similar at each community, as Ashcroft and Birchstone plan to fully refresh the amenity spaces, implement landscaping improvements, upgrade signage and improve overall curb appeal.
In-home upgrades will include the additions of stainless-steel appliances, hard-surface countertops, tile backsplashes, vinyl-plank flooring, upgraded lighting and plumbing fixtures, USB ports and new cabinet fronts with modern pulls. Additional improvement measures will include the addition of washer/dryer sets and the implementation of valet trash service.
Existing community amenities are similar at the properties, as each community features a swimming pool, resident clubhouse and business center, fitness center, picnic areas, playground, laundry facilities and a sports court. Apartment interiors at the classic homes in the properties include laminate countertops, black appliances, wood-style cabinet fronts, walk-in closets, private patios or balconies and washer/dryer sets in select homes.
“All four of these assets are highly desirable given the quality and characteristics of the properties,” said David Deitz, president of Birchstone. “They will fit seamlessly into our portfolio, and we believe our in-home renovations and modernization of property features will elevate each community in the pecking order of their respective submarkets. We fully anticipate demand to significantly increase at each property.”

SAN JOSE, CA – Security Properties has teamed with Pacific Life Insurance Company and Hearthstone Housing Foundation to acquire Monte Vista Senior Apartments, a 118-unit apartment community located in San Jose, CA.
The acquisition marks the seventh joint venture between Security Properties and Pacific Life since 2018. Financing was provided by Fannie Mae through Berkadia.
“Monte Vista presented a great opportunity to acquire high quality real estate in a core market, while preserving critical affordable housing for the community,” said Steve TeSelle, Senior Director for Security Properties.
Monte Vista is income and rent restricted to seniors earning between 30% and 50% of area median income. “Given the incredibly high cost of living in San Jose, affordable housing like Monte Vista provides a significant discount to market-rate units in the area,” said Chase Olson, Senior Analyst with Security Properties.
The property is located adjacent to the Alum Rock Transit Center and the associated Alum Rock light rail station, which offers residents convenient access via public transportation across San Jose and the entire Bay Area. Security Properties Residential will be taking over management of Monte Vista.