SCOTTSDALE, AZ – The Multifamily Innovation® Advisory Council announced today its formal launch with approximately 1.5 million apartment units being represented. The council is on track to grow to north of 3 million units by end of year, with a focus of being the catalyst for innovation, through delivering insight to leaders across the industry.
The Multifamily Innovation® Advisory Council is led by Chairman Patrick Antrim, Founder and CEO of Multifamily Leadership, a media and events platform providing streaming content around technology, innovation, leadership, and investing. Antrim is an industry professional and producer of the highest-level events in the multifamily apartment industry, through their podcast network, conferences, and annual summits.
Serving as Chair of Technology Initiatives for the Multifamily Innovation® Advisory Council is technologist Kerry W. Kirby, Founder and CEO of 365 Connect®, a leading provider of automated marketing, leasing, and engagement platforms for the multifamily housing industry. Kirby is an accomplished entrepreneur, innovator, and industry influencer. He holds 95 technology awards, has presented in over 150 webcast reaching over one-million listeners from around the world, and is changing the way we think about the convergence of technology in the rental housing market.
Antrim and Kirby have built their careers collaborating with leaders in the multifamily space, and have been extracting the perspectives from investors, developers, and operators or more than 20 years. They have been meeting in individual and small group gatherings over that past two years to discuss a variety of topics, from shifting consumer expectations, reimagining the role of our workforce, and analyzing the way next-generation renters can be accommodated.
Daryl Smith, Chief Marketing Officer for Kettler stated, The Multifamily Innovation® Council is a diverse group of intra-disciplinary professionals obsessed with a vision for innovation that will inspire the next generation of multifamily operations and leaders. I am extremely excited to participate, the discussions are timely and strategic, while inspiring me to imagine the calculus of innovation and its impact on our consumers and operations.
Members of the Multifamily Innovation® Advisory Council gain access to a diverse group of high-level multifamily owners and operators, where ideas are exchanged about deploying and using different types of technology, without investing valuable resources into a venture capital fund. Working together to identify opportunities and navigate obstacles, members openly share their experience in finding solutions that are the proper fit for their operations.
Mike Brewer, Chief Operating Officer at RADCO Residential added, “The Multifamily Innovation® Council allows me to see the signal in the noise. Gone are the days when I must sit through endless sales pitches without understanding which technologies truly meet the needs of my business. The council takes the hard work out of making informed business decisions.”
The private invitation only group of council members attend weekly meetings to openly discuss real-world experiences related to utilizing technology across their communities. The members are void of any vendor influences and sales pitches to allow them to freely think through challenges they had or are having in deploying technology, as well as finding quality solutions for their operations. Council members also meet in-person annually at the Multifamily Innovation® Summit to join panel discussions, as well as celebrate the Best Places to Work Multifamily®.
Kim Boland, Director of Digital Marketing at Morgan Properties stated, The Multifamily Innovation® Council allows me to not feel alone when evaluating and implementing new programs. They help me realize that other people are having similar experiences. Listening to feedback from other operators and seeing how they have planned, tackled, and succeeded in rolling out technology programs allows me to know that challenges are normal, and success is possible.
Membership to the Multifamily Innovation® Council is by application only. Those applying must be with a firm that owns or manages a minimum of 1,500 apartment units. To learn about membership opportunities, visit MultifamilyInnovation.com

NEW HAVEN, CT – An affiliate of Hudson Meridian Construction Group, a premier builder and developer of residential and commercial properties in the Northeastern United States, announced that it has obtained construction financing from ACORE Capital and Sculptor Real Estate to fund the development of a 6-story, 398-unit multifamily community at 201 Munson Street in the growing Science Park section of New Haven. The financing was arranged by Tessera Partners and Capital & Venture Resources. Hudson Meridian also announced that New Haven investor Paredim Partners LLC has joined the Munson development partnership and the firm’s Paredim Communities division will conduct the leasing and management activities upon completion.
This truly extraordinary community will offer a flexible unit mix including 90 studios, and 208 1-bedroom units, 78 2-bedroom units and 22 3-bedroom townhome-style units. Select homes will contain additional “live/work” spaces and many layouts will have outdoor spaces. The project will also feature a richly styled, best-in-class amenity offering, including state of the art clubhouse and fitness center building, sprawling recreational roof deck with several grilling and dining areas, a variety of lounge areas and an outdoor pool with a luxe sun deck and cabana area.
Situated adjacent to the popular Farmington Canal Heritage Trail and Yale Science Park’s main commercial corridor, this urban infill project will occupy the site of the former Olin Corp. This former manufacturing site had degraded to a seriously contaminated eyesore after sitting vacant for many years. This exceptional residential project will also contribute to the neighborhood’s revitalization and ongoing Science Park redevelopment that has become home to numerous global leaders in the biotech and technology companies, Yale University and not-for-profit organizations serving New Haven communities.
Bill Cote, CEO of Hudson Meridian, said “We are excited to contribute to the excellent progress being made in the redevelopment of Science Park area with the development of this great new amenity rich apartment community to meet the growing demand for young urban professionals to live, work, and enjoy the lifestyle in New Haven. 201 Munson presented a unique set of development challenges that required a skilled execution team and a committed group of investors over the 3-year predevelopment period. We are grateful to our partners, the Lin and Chin families who remained steadfast in their commitment to see this project developed to serve the surrounding neighborhood.”
David Parisier, Managing Director of Paredim Partners, said “Paredim has been an active investor and manager of multifamily communities throughout New Haven since 2003, and we are so excited to be part of delivering this best-in-class community in of one of New Haven’s most vibrant and fastest-growing neighborhoods.”

CHARLOTTE, NC – Crescent Communities and Pretium announced the closing of land for the development of HARMON Five Points, the fourth build-to-rent (BTR) community under development, and second community in Charlotte, as part of their previously announced joint venture and commitment to invest $1 billion in new single-family build-to-rent communities across 14 key strategic growth markets. Construction for HARMON Five Points is expected to commence in June 2022 with first units slated to be delivered in early 2023.
“We are thrilled to announce our fourth development in partnership with Pretium and our second build-to-rent community in the Charlotte market,” said Tony Chen, Managing Director of Single-Family Build-to-Rent at Crescent Communities. “HARMON Five Points will offer new construction housing supply to the Historic West End neighborhood, and as a result, will provide housing options in an infill setting to accommodate the migration and population growth that Charlotte has experienced over the past several years. This community highlights our commitment to growing strategically in Charlotte, and we look forward to sharing more updates soon.”
HARMON Five Points will be a 76-home BTR community, offering residents the option to rent three-bedroom townhomes with outdoor balconies, private garages, and driveways. Residents will have access to dedicated communal spaces such as a fire pit with outdoor lounge seating and a lawn area for gatherings and pets. The community is adjacent to Five Points Park, located two miles from Uptown, and is walking distance from the Gold Line Streetcar and Stewart Creek Greenway.
“In partnership with Crescent, we have already acquired land and are developing four BTR communities in the southern United States, including 323 homes, since forming our joint venture in September,” said Matt Johnston, Managing Director and Head of Build-to-Rent at Pretium. “Crescent Communities shares our commitment to having a long-term, positive impact on our communities by developing new, quality, healthy homes for residents. By continuing to invest in desirable communities like HARMON Five Points, we are offering residents the choice to rent high-quality, single-family homes while increasing the supply of move-in ready homes across the country.”
HARMON Five Points will be located at 360 Seldon Drive, Charlotte, NC and will be built by DRB Group. Additional partners include lender Atlantic Union Bank, landscape architect LandDesign and architectural review by 505Design. Progress Residential, Pretium’s leading single-family rental management services platform, will provide leasing and property management services.

COLUMBUS, OH – LV Collective, an Austin-based multifamily and student housing developer, announced it has closed on a development located at 222 W. Lane Ave, across the street from The Ohio State University campus. The seven-story multifamily, student-oriented building will consist of 379 units and 885 beds. The building is scheduled to deliver in fall 2025.
Ideally located, LV Collective s project is a short three-minute walk from the main quads of the university and half a mile from Ohio Stadium. The pedestrian-focused student housing project will also reimagine the Lane Avenue corridor, adding connectivity and activation to the university, restaurants, bars and entertainment nodes.
Our building s location lies at the intersection of academic life and entertainment for The Ohio State University, placing it at the epicenter of the community and within walking distance of the destinations our residents and their guests will frequent, says Chris Johnson, EVP Development at LV Collective. By delivering a high-quality, thoughtfully-designed development with top-tier amenities and sweeping views of the campus, we are providing the perfect location to embrace the academic rigor needed at Ohio State with the balance of lifestyle and experiential pursuits.
The project will consist of five floors of residential units, including spacious two-level townhomes with private at-grade entries. There will also be an indoor-outdoor café at the ground level, including an elevated private study area. Amenities will include a gym with indoor-outdoor fitness areas, a third-story pool deck with jumbotron and a view of the stadium. The top floor features wellness offerings, including yoga and meditation with expansive southern views over the campus and downtown Columbus.
This is LV Collective s first development in Ohio and adds to the company s growing roster of multifamily and student-oriented buildings across the country. Most recently, LV Collective announced a seven-story project at 558 West Broad in Athens, GA and a 10-story, 502-bed project in Gainesville, FL. LV Collective is best known for its successful multifamily, student-oriented developments in Austin, Texas, including The Ruckus, The Ruckus 2.0, Moontower and Waterloo.
OZ is the design firm and Variant Collaborative will work on interior design. Local project partners include Columbus-based landscape architect Realm Collaborative, general contractor Elford, Inc., and the civil engineer E.P. Ferris.
This development epitomizes our investment strategy of finding well-located, institutional quality opportunities within student housing. We are excited to partner with LV to provide a preeminent, pedestrian student housing asset at a high-quality Tier I institution, says Christopher Kott, Director — Acquisitions at Virtus Real Estate Capital.

RICHMOND, VA – Capital Square, a national real estate investor and an active developer of multifamily communities, announced the launch of Capital Square Multifamily Development Fund I, L.P. The fund seeks to raise up to $300 million in equity from institutional investors who will participate in the development of a portfolio of ground-up, multifamily real estate communities located in emerging secondary markets in the Mid-Atlantic and Southeast regions of the United States.
“There is a shortage of quality housing that traces its origin to the Great Real Estate Recession,” said Louis Rogers, founder and chief executive officer of Capital Square. “The shortage was exacerbated by the COVID-19 pandemic that delayed or halted many new developments. To accelerate the development of new Class A institutional-quality multifamily communities, the fund will focus on shovel-ready, ground-up sites. Capital Square is bullish on Class A multifamily investments that generate an unrivaled combination of stable cash flow, appreciation potential and inflation protection. Investors are flocking to the multifamily asset class.”
Capital Square Multifamily Development Fund I continues Capital Square’s focus on investing in quality multifamily assets that have an opportunity to provide outsized returns to investors. The fund will invest in the limited partner equity portion of the capital stack and will focus on emerging secondary growth markets (e.g., Richmond, Charleston, and Knoxville) that lack institutional capital investment, including Richmond, Virginian, Charleston, South Carolina, and Knoxville, Tennessee.
“The housing crisis in this country has created strengthening fundamentals in our target markets, and multifamily investment continues to provide strong opportunities for compelling risk-adjusted returns for investors and will do so for the foreseeable future,” said Whitson Huffman, chief strategy and investment officer.

WASHINGTON, DC – Toll Brothers, the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and CrossHarbor Capital Partners have announced a new joint venture to develop 113 Potomac, a 501-unit multifamily rental community located at 113 Potomac Ave SW in Washington, DC. The project is being financed through a $162.7 million construction loan facility from Bank OZK. The debt and equity were arranged by Toll Brothers in-house Finance Department.
113 Potomac is located in the fast-growing Buzzard Point neighborhood within the Capitol Riverfront Business Improvement District, a dynamic, amenity-rich urban neighborhood along the Anacostia River, just south of Downtown Washington, DC, and a 4-mile drive to Amazon HQ2. As one of the largest entertainment districts in Washington, DC, the Capitol Riverfront is home to Audi Field, the D.C. United soccer stadium, Nationals Park – home to the Washington Nationals – and over 10 acres of parks and activated green spaces. 113 Potomac is within walking distance of the Capitol Riverfront s 35,000 employees and both the Navy Yard and Waterfront Metro Stations along the WMATA Green Line. Another Toll Brothers rental community, the 595-unit two-building Parc Riverside, is located just north of the Nationals Baseball Stadium, a 5-minute walk from the 113 Potomac site.
113 Potomac is a 501-unit multifamily Opportunity Zone project. The property will consist of 460 market rate and 41 affordable units with 37,000 square feet of retail, and below-grade garage parking. It will offer views into the adjacent Audi Field and will feature high-end luxury finishes and best-in-class amenities, including a state-of-the-art fitness center, rooftop resort-style pool and amenity space, luxurious clubhouse and lounge, coffee bar, co-working space, and pet spa.
Charles Elliott, President of Toll Brothers Apartment Living (TBAL), stated: 113 Potomac continues our tremendous progress within the flourishing Washington, DC multifamily market, and joins our nearby luxury communities of Parc Riverside and Union Place, along with our other projects currently under development across the city. With the introduction of 113 Potomac, we re proud to be part of reinvigorating the historic Buzzard Point neighborhood.
Fred Cooper, Toll Brothers Senior Vice President, Finance and Investor Relations, stated: 113 Potomac represents our fifth Opportunity Zone project across the U.S. and our fourth transit-oriented development community within Washington, D.C. Toll Brothers, Inc. has been building for-sale home communities in the Metro D.C. region for nearly thirty years. Now, with over 3,000 rental units completed or under development within Washington, D.C., our Apartment Living division is extending the Toll Brothers brand and reputation in this dynamic market. We are thrilled to be teaming up with CrossHarbor, with whom we have partnered on multiple transactions, and to be undertaking our first construction loan with Bank OZK, which is quite active in this market.
We are pleased to partner with Toll Apartment Living on this opportunity, says James O Leary, Director, CrossHarbor Capital Partners, and excited to continue to expand our portfolio in the Greater Washington DC market.

CHARLOTTE, NC – As homeownership remains out of reach for too many families, Wells Fargo announced an effort to support new home construction, renovation, and repair of more than 350 affordable homes across the U.S. in collaboration with Habitat for Humanity International. Through the Wells Fargo Builds program, the company is providing $7.75 million in grant funding to help local Habitat for Humanity affiliates increase the supply of affordable homes in 200 communities nationwide.
The first Wells Fargo Builds event of 2022 kicked off with a wall-raising ceremony for a new Habitat home for a family of six in the Thomasboro-Hoskins neighborhood of Charlotte, North Carolina. Habitat for Humanity of the Charlotte Region received a $130,000 grant to build the home and to make critical repairs to an older home in the community. Fifteen Wells Fargo employees volunteered alongside the future first-time homeowner, and others will volunteer on various new construction, critical home repair and renovation projects in other communities throughout the year.
The pandemic highlighted in a new way that a quality and affordable place to call home, especially during times of crisis, is critical to the safety and security of families, said Mary Mack, CEO of Consumer and Small Business Banking for Wells Fargo and a Habitat for Humanity International board member. Volunteering with Habitat has always been a huge source of pride for our employees, and we re excited to put on our hard hats to help families start a new journey in their lives as homeowners.
Wells Fargo and the Wells Fargo Foundation have donated more than $119 million to Habitat for Humanity International and local affiliates in support of affordable and sustainable housing since 2010, including support for new home construction and repairs, helping older adults age in their homes, and neighborhood revitalization and disaster response efforts. Wells Fargo also supports Habitat s Cost of Home five-year advocacy campaign through which local Habitat affiliates, partners, volunteers and community members are working together to help 10 million people gain access to an affordable home.
Habitat for Humanity and Wells Fargo have a shared commitment to creating a world where everyone has a decent place to live, said Jonathan Reckford, CEO of Habitat for Humanity International. With the support of Wells Fargo this year, we will be able to help even more families achieve strength, stability, and self-reliance through shelter and create stronger and more resilient communities. We are grateful for their continued partnership.

GREENSBORO, NC – Bell Partners, one of the nation’s leading apartment investment and management companies, announced it has acquired Element Uptown, a 352-unit high-rise community located in Charlotte, N.C., and Waypoint West, a 192-unit, garden-style apartment community located in suburban Mooresville, N.C. Both properties were purchased on behalf of Bell Apartment Fund VII investors.
Element Uptown will be renamed Bell Uptown Charlotte. Completed in 2015, the 21-story community is located in Charlotte’s central business district and is walkable to 28 million square feet of office space, retail amenities including two grocery stores, and recreational amenities including Bank of America Stadium and other facilities housing four professional sports teams. The community features studio, one- and two-bedroom floorplans and plentiful off-street parking. Bell Partners currently manages four other properties in the Uptown and nearby South End submarkets.
Waypoint West will be renamed Bell Mooresville West. Completed in 2021, the property is located in the Lake Norman submarket approximately 30 miles north of Charlotte’s Uptown city center. The rapidly growing submarket offers an attractive suburban location with a diverse employment base, natural amenities and excellent schools. Lake Norman is located less than a mile from the property, offering the community’s residents convenient access to nearby recreation. The community features one-, two- and three-bedroom luxury floorplans with amenities including a state-of-the-art fitness center and yoga room, smart tech locks and thermostats, high-speed internet, a pool and grilling areas and a dog park and wash. The property is located in close proximity to two other communities that Bell Partners owns and/or manages in the submarket, including Bell Lake Norman.
“These acquisitions complement our strategy of investing in well-located, high-quality assets in submarkets with favorable long-term fundamentals,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “With the addition of these two communities, Bell now manages over 4,800 apartment units in Charlotte. We plan to leverage our local experience and extensive operating platform to maximize performance and apply our renovation capabilities to enhance value.”
Bell Partners completed $4.8 billion in transactions in 2021 and is actively investing in 14 target U.S. markets located in the Northeast, Mid-Atlantic, Southeast, Texas and West Coast.

ROSELAND, NJ – Invesco Real Estate Income Trust, an institutionally managed, public non-listed REIT, announced it acquired a majority interest in Everly Roseland, a 384,648 square foot, 360-unit garden-style multifamily community across 30 two-story buildings, following a partial sale to an affiliate. The property is located at 28 Nob Hill Road in Roseland, New Jersey and it is 95% leased. This acquisition is part of a joint venture with Skylight Real Estate Partners, a regional, privately-held real estate investment firm with a focus on multifamily investment and development.
“With the future of work changing traditional office commutes, we continue to see strong demand for affordable, low-density multifamily properties proximate to the urban core. Additionally, Roseland is a desirable community with fairly high barriers to new development and it aligns with our investment strategy for multifamily,” said R. Scott Dennis, President and Chief Executive Officer for INREIT.
Built in 1980, Everly Roseland is one of the largest multifamily assets in West Essex County submarket. An affiliate of Skylight owned the property in a joint venture since 2017. Through the recapitalization of the asset, Invesco and Skylight will continue executing on the unit renovation program, including upgrades to the common areas and exteriors. Skylight will also serve as the property manager for Everly Roseland.
“Everly Roseland is a well-performing property with a multitude of value creation strategies to unlock,” said Andrew Miller, Founding Partner at Skylight Real Estate Partners. “We started unit renovations and the construction of an amenities center, which has helped to modernize the building. We share the same vision as our partners at Invesco in continuing to transform Everly Roseland back to its premier status.”
This investment expands INREIT’s multifamily portfolio into the Northeastern United States. The transaction also establishes a relationship with new partner, Skylight. This transaction was advised by JLL Capital Markets debt advisory team and financed by U.S. Bank. The JLL Capital Markets debt advisory team was led by Michael Klein, Matthew Pizzolato, John Rose and Gerard Quinn.

GARDENA, CA – Cityview, a vertically-integrated multifamily investment management and development firm, officially broke ground on its new multifamily development, South Bay X, with the City of Gardena and Gardena Mayor Tasha Cerda. Acquired in partnership with Stockbridge, South Bay X is a fully entitled development opportunity for sustainable multifamily housing in Gardena, CA. Featuring 265 workforce units with a combination of studio, one- and two-bedroom apartments ranging from 510 to 1,197 square feet, South Bay X lies adjacent to a growing number of tech employers including a SpaceX, the Tesla Design Center and Ring, and sits within 5 miles of more than 260,000 jobs.
With so many new employers coming to the South Bay neighborhood, South Bay X is an essential and welcome addition to our community that will ensure continued economic growth for the City of Gardena, said Gardena Mayor Tasha Cerda. We re grateful for Cityview s expertise in sustainable multifamily development and knowledge of the surrounding area as our community grows. We look forward to continued collaboration with this highly experienced team as we bring to life our shared vision of quality sustainable housing in this high-growth, transit-oriented neighborhood.
The groundbreaking event featured public remarks from CEO Sean Burton, Mayor Tasha Cerda, Councilmember Kaskanian and various city department leaders and dignitaries in support of South Bay X for the additional housing and quality jobs it will provide to fortify Gardena s booming economy. It was a celebration of local life in Gardena, as the Gardena High School Band performed for attendees, led by Rekesha Dennis, teacher and auxiliary coordinator, and Scott Suyama, teacher and band director for Gardena High School. South Bay local private chef, Chef Q, fed the community, and Black Flour Crepes indulged the crowd s sweet tooth. Upon groundbreaking, a time capsule was also buried onsite containing the day s issue of the LA Times, the most recent issue of Gardena Valley News, a Gardena High School pom and a Gardena High School drumstick.
With its unique culture and burgeoning job market, the City of Gardena is quickly becoming an epicenter for young professionals in the tech, aerospace, automotive and ecommerce industries, and we are excited to do our part to provide much-needed workforce housing to this vibrant community, said Sean Burton, CEO, Cityview. This community has been incredibly warm and welcoming, and we re honored to be a part of it.
Located at 12850 Crenshaw Boulevard, the transit-oriented development is surrounded by a diverse mix of employers. South Bay X offers convenient access to Interstate 105, is two blocks from the LA Metro Green Line and less than five miles from Los Angeles International Airport (LAX). Residents will also have easy access to a variety of local attractions including Sofi Stadium, beaches and retail and dining venues.
After breaking ground several months ahead of schedule, South Bay X is anticipated to be completed in early 2025. The project is expected to create upwards of 1,000 jobs during its development.