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.”

ROUND ROCK, TX – Halstatt Real Estate Partners, a real estate private equity firm, announced the opening of Stillwell at Avery Centre, marking the third project to open to residents within the three-project build-for-rent portfolio in partnership with Coastal Ridge Real Estate. The portfolio encompasses 729 total units, and each development is located within a master-planned community that allows residents to benefit from existing infrastructure and lifestyle amenities.
Stillwell at Avery Centre, located in Round Rock, Texas, within the Austin MSA, includes 225 homes comprised of 66 one-bedroom, 108 two-bedroom, 28 two-bedroom two-story, and 23 three-bedroom luxury single-family for rent residences. The property opened for operations in April 2024.
The one-bedroom units are attached duplex-style homes, while the two- and three-bedroom units are detached single-family residences. All residences have private first floor entryways and private fenced backyards with patios and offer flexible parking options including open parking as well as covered and garage parking options. The property is near several medical and educational campuses within Avery Centre, including Texas A&M Health Science Center, Texas State University, Austin Community College, and Ascension Seton Williamson Hospital.
“We are thrilled to see our vision come to life with the opening of these communities, which epitomize our commitment to creating high-quality, attainable housing in strategically chosen locations. These developments not only enhance the living experience for our residents with exceptional amenities and thoughtful design but also reflect our dedication to addressing the growing demand for diverse housing options across the country,” said Steve Iannaccone, principal, Halstatt Real Estate Partners. “Partnering with Coastal Ridge Real Estate on these developments has combined our collective expertise and vision, and we look forward to the continued success of these projects and our ongoing collaboration.”

JACKSONVILLE, FL – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of Terrassa, a 324-unit Class A multifamily community located in the growing market of St. Augustine in St. Johns County. The company expects to begin construction in July, with completion expected in fall 2026.
“St. Johns County is one of the most desirable counties to live in Florida, and is renowned for its excellent schools, strong income levels and impressive home values,” said Josh Purvis, managing partner for Thompson Thrift Residential. “Securing approval for new developments is becoming increasingly challenging, but our team’s proven track record and commitment to excellence have allowed us to secure a prime spot in this highly desirable county.”
Terrassa is part of the redevelopment of the former St. Augustine Outlets property off I-95 and will provide 324 one-, two- and three-bedroom apartment homes offering up to nearly 1,400 square feet of living space. Residents will have convenient access to the area’s pristine beaches as well as a variety of local entertainment, shopping and dining options.
Like all Thompson Thrift communities, Terrassa will feature superior, in-demand amenities that demonstrate the company’s dedication to quality. Kitchens will include stainless steel appliances, a smooth glass-top range, side-by-side refrigerator, tile backsplashes, a pantry and hardwood-style flooring. Large walk-in closets, bathrooms with a walk-in shower, detached garages, a full-size washer and dryer and private patio, balcony or yard options add to the list of features.
Additionally, certain upgraded homes will feature accent-colored island cabinetry, premium quartz countertops, a dry bar, under-cabinet lighting and deluxe closet systems with shelving.
High-speed internet access will ensure seamless connectivity for residents while energy-efficient LED lighting and a smart thermostat will help residents save on energy costs. Smart light switches and door locks will provide convenience with an Alexa-compatible smart hub to easily control the devices.
Community amenities will include a 24-hour fully equipped fitness center, a resort-style swimming pool, courtyards, community grilling areas, a pickleball court, an on-site dog park and pet spa with a grooming station. The 24-hour social hub will feature billiards, a coffee bar, private focus rooms and work area with a printing station.
St. Augustine is the oldest city in the United States and maintains a strong Mediterranean architectural influence. The name Terrassa comes from a city in Spain, and Thompson Thrift has taken care to incorporate Mediterranean accents in its design to further connect with the community.
Brian Timberman, president of Thompson Thrift Construction, added, “We are excited to break ground on another Thompson Thrift community, and our construction team looks forward to seeing this project through to on time completion.”
St. Johns County is the wealthiest county in Florida and one of the fastest-growing counties both in Florida and the United States. The county’s population grew 40% during the past decade and is expected to add 100,000 residents by 2030. The Terrassa site is located in a very high-growth pocket of the county and will offer easy access to major employers such as Bank of America/Merrill Lynch, Saddle Creek Logistics, the St. Johns County School District, Citi and Florida Blue.

CHARLOTTE, NC – Rise48 Equity, a leading multifamily investment group, announced their recent acquisitions of W Flats Apartments (247 units) and Matthews Pointe Apartments (100 units) in Charlotte, NC. Both properties will be rebranded to “Rise Blue Ridge” and “Rise Matthews Pointe,” respectively and are located in premium submarkets within the Charlotte MSA.
These acquisitions mark a significant milestone as the company’s 52nd and 53rd acquisitions since 2019 and its first two deals in the Charlotte MSA, expanding their footprint to the East Coast.
Rise48 Equity has plans to revitalize W Flats Apartments and Matthews Pointe Apartments with an investment of over $7 million. Property renovations at both properties will include: Platinum-level interior upgrades: New white cabinet boxes with shaker doors, quartz countertops, subway style kitchen backsplash, plumbing fixtures, stainless steel appliances, vinyl plank flooring, and updated lighting. Transformative exterior: Fresh 3-tone paint, a new LED-backlit monument sign, and improved marketing banners.
Rise48 Equity CEO and Co-Founder, Zach Haptonstall, said “We’re excited to have entered the North Carolina market with these two new acquisitions. North Carolina has been a market that we’ve been targeting for a while due to its strong fundamentals of population growth, job growth, and strong median income relative to the affordable rents. We have strong local staff and the foundation to scale in the market for years to come. Thank you to all of our investors for partnering with us on these two great opportunities. Our Charlotte team has already started on the business plans for these two assets.”

HOLLY SPRINGS, NC – Vista Residential Partners, a national multifamily development firm, has broken ground on 11.7 acres on the corner of N. Main Street and Holly Springs Road in Holly Springs, NC, for the development of Main Street Vista, a 277-unit mixed use community.
Located in the heart of Holly Springs, Main Street Vista is a mixed-use development with +/- 19,000 SF of vertically integrated retail space and 11,000 SF of live-work space that will be within walking distance of downtown Holly Springs.
Main Street Vista is conveniently located minutes from soon to be completed I-540 extension providing access to various job centers throughout the metro. Additionally, minutes from this site is the Holly Springs Bio-Tech Corridor which has seen recent investment to the tune of $4B and the creation of over 2,300 jobs. FujiFilm is currently under construction with the first phase of their $2B biotech campus which will be delivering within the year. Other notable names in this corridor include Catalyst, BioCampus, Amgen and Seqirus.
“We are incredibly excited to start construction on this landmark development in Holly Springs,” says Alex Barroso, Managing Director and Regional Partner for Vista Residential Partners. “Vista is dedicated to establishing our portfolio across the Carolinas and I cannot think of a better way to make our introduction than with this unmatched mixed-use development.”
Located less than 1 mile from the project is the newly opened UNC Rex Holly Springs Hospital which is home to 50 new beds and 450 employees.
The community will offer a mix of one-, two-, and three-bedroom apartment homes averaging almost 1,050 square feet. Select units will also have a ground floor office space available for lease to prospective tenants who desire to work from home. Designed by architect Niles Bolton, the garden-style apartments will feature elevator served conditioned corridors, stainless steel appliances, 9-foot ceilings, quartz countertops, vinyl plank flooring, in-unit washers and dryers, and spacious balconies. Main Street Vista will also feature a luxury clubhouse, resort-style swimming pool, fitness center, a large central green area and pet park, 24/7 package concierge, and more.
“Alongside our institutional capital partners, Vista is excited to deliver this high-quality, mixed-use development in Holly Springs, NC,” says Scott Hartley, Chief Investment Officer at Vista Residential Partners. “Main Street Vista’s finish-quality and amenity-set will set a new standard for living in the area.”