CLEVELAND, TN – Solinity announced the grand opening of the new assisted living and memory care neighborhood in east Tennessee. Remember Me Senior Care, a licensed five-home farmhouse style neighborhood in Cleveland welcomes residents who have been diagnosed with Alzheimer s or other forms of dementia. Solinity leads the operations and also serves as the marketing agency with sister company, Solinity Marketing.
CEO Josh Crisp led the development of the neighborhood after hearing the vision of the local owner s dream to provide world class care in their mother s honor. Brothers Tracy Sneed and Andy Sneed cared for their mother during her thirteen-year battle with Alzheimer s and wanted to create a community to serve other families facing the same situation.
The leadership team prides itself on providing the highest quality of care in an environment where healthcare meets hospitality in a home-like setting, Josh Crisp, Solinity CEO says. The partnership between Solinity and the local ownership team provides the best of all worlds to the Cleveland community. They are equipped and trained to deliver care services through a local culture and autonomy to make local decisions with supportive tools. This business is local and our model ensures culture, care, and relationships are top priority.
The homes are situated in a subdivision-like design with ample walking paths, gazebo and pavilion for residents and families to enjoy. Each home includes a private family gathering room, living room, private apartments, a residential style kitchen where meals are prepared and served, outdoor common spaces, and large hallways.
Solinity led the formation of the team including DKLEVY Architectural Design, Diaz Fritz Construction Group, and Z-Creative Interior Design to complete the project.

LOS ANGELES, CA – CIM Group announced that it has sold Eastway, a 136-unit apartment community at 8820 S. Sepulveda Blvd. in Los Angeles Westchester Village.
Built by CIM in 2019, the contemporary five-story building is set on an approximately 1.4-acre site offering 136 studio, one-, and two-bedroom apartment residences above two levels of underground parking providing 221 spaces. Units feature nine-foot ceilings and expansive windows in an open design with modern fixtures and features. Eastway provides residents with an array of appealing amenities including a pool, spa hot tub, and sundeck lounge, an outdoor courtyard with barbeque, picnic areas, and firepit, a rooftop lounge, clubhouse, fitness center, community garden, and dog park.
With Eastway, we identified a rare property available for development that was ideal for creating much needed housing in a mature Los Angeles community. Eastway provides a new apartment property in a desirable market where the bulk of the multifamily housing was constructed prior to 1990, said Shaul Kuba, Co-Founder and Principal, CIM Group.
Prominently located at the southeast corner of Sepulveda Eastway and La Tijera Boulevards, Eastway is in the center of a retail and business hub, across the street from Westchester Town Center, and positioned on or near major thoroughfares and the 405 and 105 freeways providing regional connectivity. Eastway is within a few miles of thriving Silicon Beach employment centers such as El Segundo, Playa Vista, and Culver City, and the growing entertainment and sports centers in Inglewood including SoFi Stadium and the 300-acre Hollywood Park mixed-use redevelopment.
For more than 25 years, CIM Group has applied its community-focused approach utilizing its broad expertise in owning, developing, repositioning, and operating real estate assets to enhance communities throughout the Americas.

DURHAM, NC – Corvias has completed the development of three new, on-campus residential buildings at North Carolina Central University, adding more than 1,200 beds, supporting the needs and goals of consistent enrollment growth and providing vital student infrastructure. The project included more than 60% engagement of qualified subcontractors that are local, minority-owned business enterprises (MBEs) and historically underutilized businesses (HUBs)—a record high for the University of North Carolina System. The new, state-of-the-art George Street Residence Complex, ;Lawson Street Residence Complex and Alston Avenue Apartments provide housing for students and residence life staff, and increase NCCU s housing inventory to 3,300 total beds
Corvias is proud to support students by providing a variety of affordable and comfortable residential options that allow students to be closer to and more engaged in the university community, said Tim Toohey, Managing Director of Corvias. The completion of these buildings helps to solve the housing shortage and will benefit students for decades to come.
The George Street Residential Complex includes semi-suite units for first-and second-year students, while Lawson Street is comprised of spacious apartment-style units for upper division students. The Lawson Street Residential Complex also includes a large and comfortable dining facility, spanning 7,300 square feet, to serve and bring together NCCU students for meals and socializing. The units in the Alston Avenue Apartments each feature four single bedrooms, two full bathrooms, a full kitchen, dishwasher and in-apartment washer and dryer. Amenities include a computer station, multi-purpose room, lounges, trash room with recycling and vending machines.
This year, Corvias was named one of the Nation s Top Student Housing Managers by Student Housing Business, and to the Top 10 for Student Housing Management Companies by Multi-Family Executive. Since 2019, Corvias has partnered with NCCU to help meet the needs of students and to support the school s continued growth. This included a two-phase approach to develop more residential communities to expand student opportunities to live on campus.
Through its various partnerships with higher ed institutions, Corvias manages one of the largest on-campus student housing portfolios in the U.S., serving nearly 20,000 students across 15 colleges and universities, including NCCU, University of Notre Dame, Purdue University and Wayne State University. Corvias strives to enhance quality of life, allowing its residents to grow and thrive. A proactive approach to maintenance and capital planning extends the life of the facilities and improvements, which helps sustain the assets over the term of the partnerships with the schools.

STAMFORD, CT – 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 777 Summer, a 355-unit multifamily rental community in Stamford, Conn. The project, which will be the first development of Toll Brothers Apartment Living in Connecticut, is being financed through a $94 million construction loan facility from Capital One, N.A. as agent and Comerica Bank. The debt was arranged by Toll Brothers in-house Finance Department with JLL advising on the equity financing.
777 Summer will be located in the epicenter of the rapidly developing Stamford Downtown and within walking distance to the Stamford Transportation Center, providing convenient connectivity to Midtown Manhattan and major Connecticut employment hubs such as New Haven, Hartford, and Greenwich via Metro-North Railroad and Amtrak, as well as close proximity to I-95. The location is adjacent to Restaurant Row on Bedford Street, providing residents with ample dining and nightlife options close to home.
777 Summer is a 355-unit luxury multifamily project that will consist of 333 market-rate and 22 affordable units. The project will feature high-end luxury finishes and best-in-class amenities, including a state-of-the-art fitness center, resort-style pool, luxurious club room, game room, co-working space, art studio, roof deck, coffee bar, pet wash, and high-speed property-wide Wi-Fi.
Charles Elliott, President of Toll Brothers Apartment Living said, We are excited for the opportunity to continue our expansion in the robust northeast market with our first multifamily rental community in Connecticut. 777 Summer will join a variety of other Toll Brothers Apartment Living projects across the region in bringing the elevated living experience that Toll is well known for to Stamford.
Fred Cooper, Senior Vice President, Finance and Investor Relations for Toll Brothers said, 777 Summer represents the fourth Opportunity Zone project that Toll Brothers has undertaken in markets from coast to coast. It builds on our strong relationships with CrossHarbor, which includes both market rate and student housing development projects, and with lenders Capital One and Comerica Bank, as we continue to grow our Toll Brothers Apartment Living and Campus Living platforms across the U.S.
Tom Stevens, Co-Portfolio Manager and Managing Director for CrossHarbor Capital Partners said, We are pleased to expand our strong, longstanding relationship with Toll Brothers and partner on the development of another luxury residential community. 777 Summer captures many of the themes we look for in our multifamily investments: best-in-class sponsorship, market leading design and quality, access to transit and employment, and walkability to dining and entertainment.

ATLANTA, GA – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Modera Old Ivy, a luxury apartment community located in the thriving Buckhead neighborhood.
The community, which features 394 apartment homes, is encompassed within a midrise and high-rise tower and sits at the corner of Lenox Road and Piedmont Road. Modera Old Ivy is part of a wider master development that includes the existing Prominence office building and an Element Marriott. First move-ins are anticipated for early June.
“This area of Buckhead is one of the city’s most well-established commercial districts, and we look forward to adding to our presence in the area,” said Patrick Chesser, senior managing director of development in Atlanta for Mill Creek Residential. “Residents will be within Atlanta’s most prominent retail and financial corridors and will have direct access to an abundance of retail, dining and entertainment options. Modera Old Ivy will be a unique product offering in the area, and we’re eager to deliver a top-of-market experience.”
Situated at 3651 Lenox Road, Modera Old Ivy is built to a National Green Building Standard Gold certification level and features high-end finishes and a refined suite of amenities. Residents will be positioned in a commuter-friendly locale with the community sitting less than a half-mile from the MARTA rail, 500 feet from a bus stop and a quarter-mile from the Georgia 400 freeway. The prominent job centers in Downtown Atlanta and Sandy Springs are less than 10 minutes away. Additionally, the world-class retail options of Phipps Plaza, Lenox Square and The Shops at Buckhead are all less than a mile from the community.
Modera Old Ivy consists of studio, one-, two- and three-bedroom homes with various layouts. Community amenities include a 24-hour club-quality fitness studio, clubhouse, community-wide WiFi, demonstration kitchen, game room, rooftop deck, two pools including one rooftop pool, sauna, steam room, grilling area with outdoor dining, fire pit, coffee bar, library lounge with a reading terrace and landscaped courtyards. Residents will also have access to secured parking in a private garage with reserved parking and electric vehicle charging stations available, controlled guest-access technology, package lockers, dedicated bike storage, resident storage lockers and concierge services.
Apartment interiors include nine-foot ceilings, wood plank-style flooring, private balconies, built-in desks and shelves, quartz countertops, stainless steel appliances, upgraded fixtures, pendant and under-cabinet lighting, tile backsplashes, kitchen islands, walk-in closets, smart thermostats, ceiling fans and in-home washers and dryers. Bathrooms are delivered with tile surrounds and linen closets. Residents will be able to access the homes via key fob and mobile app entry.

CHARLESTON, SC – CREC Real Estate and Rincon Capital Partners announced they have jointly acquired Planters Trace Apartments, a 96-unit, Class B multifamily community located in West Ashley, a thriving neighborhood of Charleston, South Carolina. Terms of the transaction were not disclosed.
With more than $1 billion of real estate assets under management, CREC specializes in multifamily real estate investments in top-performing secondary cities throughout the United States. In addition to Planters Trace, CREC has recently acquired multifamily properties in Phoenix, Arizona and Dallas, Texas.
CREC plans to invest $2.8 million in value-add renovations to update common areas, amenities, and unit interiors, bringing the property on par with nearby recently repositioned residential communities.
The 10.6-acre property, built in 1974 and located at 2222 Ashley River Road, has convenient access to nearby jobs, retail and entertainment. The city of Charleston boasts a diversified economy with dynamic job growth and a low unemployment rate (2.9% as of December 2021, according to the Bureau of Labor Statistics). The state is known for business-friendly policies, and the city and region benefit from the vibrant Port of Charleston as well as a diversified economy that includes technology, aerospace, and automotive manufacturing. The West Ashley submarket maintained a 96.6% average occupancy rate throughout the third quarter of 2021, the second highest in the Charleston market, according to RealPage.
“The area around Charleston is seeing a demand for quality apartment housing, and hiring and investment trends point to that need remaining strong for the foreseeable future,” said Aaron Dixon, President of CREC. “CREC sees an important value-add opportunity at Planters Trace, and we believe that this community has the potential to become a market-leading multifamily option for the growing number of residents in the Charleston area.”
Mr. Dixon added, “CREC continues to focus on value-add acquisition opportunities within cities exhibiting strong demographic and fundamental characteristics, in terms of population growth, employment growth and a diversified employer base. Over the past 18 months, CREC has invested in excess of $200 million of transaction volume with a robust pipeline of future opportunities. Our firm’s investment strategy focuses on enhancements to the marketability of the property through targeted capital improvements, which we believe will be well received by existing and prospective residents.”

HOUSTON, TX – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of mixed-use multifamily communities, announced the acquisition of a Class A, 304-unit multifamily community in Houston, Texas. The community, developed by Wood Partners, LLC, was acquired on behalf of CS1031 Houston Apartments, DST, a Delaware statutory trust offering for Section 1031 exchange and other (cash) investors.
“Capital Square sponsors the highest quality, newly constructed Class A apartment communities in the nation for the DST/1031 investment program,” said Louis Rogers, founder and chief executive officer of Capital Square. “CS1031 Houston Apartments is the latest DST offering that sets the highest standards with unrivalled amenities and best-in class quality.”
Located at 3623 W Alabama St., Houston Apartments offers studios, one-, two-, and three-bedroom units with best-in-class finishes. Community amenities include a: resort-style swimming pool with a tanning deck; 24-hour, state-of-the-art fitness center; sky lounge, complete with a kitchen, pinball machine, and outdoor seating with a fireplace; coworking concept spaces; pet spa; courtyard with outdoor living area and fountain; and club area with high-definition televisions, billiards table, lounge seating, and an entertainment kitchen.
Houston Apartments is in the midst of some of the city’s wealthiest neighborhoods. According to CoStar, the average annual household income within a three-mile radius of the property is in excess of $163,000, while the property’s submarket has experienced robust year-over-year rent growth of approximately 9.5% since the beginning of 2021.
The property is within five miles of multiple retailers, restaurants and entertainment venues. It is also within close proximity of Interstates 610 and 69, allowing residents easy access to Greater Houston and the surrounding region.
“Houston Apartments is an amenity-rich, luxury multifamily community located in the midst of one of Houston’s most exclusive neighborhoods where there is strong demand for apartments,” said Whitson Huffman, chief strategy and investment officer. “The property is ideal for affluent professionals who thrive on urban life and the upscale shopping, dining and cultural amenities that are provided in large cities like Houston.”
Home to 24 Fortune 500 companies and NASA’s Johnson Space Center, Houston is a thriving economic center and the unofficial capital of the U.S. oil and natural gas industry. Already the nation’s fourth most populous city, Houston continues to experience rapid growth, with its population swelling by nearly 10% between 2010 and 2020, according to the U.S. Census Bureau.

NASHVILLE, TN – Amazon announced that it will invest a total of $10.6 million to help build and renovate more than 130 affordable homes in partnership with the Metropolitan Development and Housing Agency (MDHA), and support the social work of the local nonprofit CrossBridge. This commitment is part of the Amazon Housing Equity Fund, a more than $2 billion commitment to create and preserve 20,000 affordable homes for individuals and families earning moderate-to-low incomes in Nashville, Washington state s Puget Sound region, and the Arlington, Virginia, region.
We ve already hired more than 2,500 people at our Nashville office, and we re continuing to invest and create jobs across the city. We also know that the city s growth, the impacts of the pandemic, and various other factors affect the availability of affordable housing, and we want to do our part to help. As one important piece of that, we re proud to be partnering with MDHA and CrossBridge to bring new housing to residents, said Michelle Gaskin Brown, Amazon s Nashville manager of public policy. These new developments will provide affordable housing, social services support, and convenient access to public transportation to hundreds of families and individuals in the city. We look forward to continuing our investment in Nashville and helping to create and preserve affordable homes so everyone has the opportunity to live, work, and thrive here.
Amazon s commitment to MDHA consists of a $7.1 million low-rate loan to support the construction of Cherry Oak Apartments, a mixed-income residential development featuring 96 apartments, including 53 affordable homes in the Cayce Place neighborhood in East Nashville. Cherry Oak Apartments will provide housing in proximity to high-quality transit, employment centers, and parks. Families living in the affordable units at Cherry Oak Apartments will have guaranteed affordability at or below 80% of area medium income (AMI) for 99 years.
Cherry Oak Apartments is one of many new residential developments at Cayce Place as we move forward with transforming our largest subsidized housing property into a mixed-income community, said MDHA Executive Director Dr. Troy D. White. We are grateful to receive Amazon s first major investment for affordable housing in Nashville, and we hope this is just the start of a successful partnership.
Additionally, Amazon is providing a $3.5 million grant to CrossBridge, a Nashville nonprofit that provides housing and supportive services to adults overcoming addiction. The grant will support CrossBridge s housing projects on Lindsley Avenue in the Rolling Hill Mill neighborhood. CrossBridge owns an entire city block, where the organization is completing a new 50-unit building and renovating an existing 24-unit building into a 34-unit building. The grant will allow CrossBridge to complete its projects, operate at affordable rents, and expand services. CrossBridge will also provide tenants with mental health counseling, addiction support, workforce reentry support, and other services.
Supportive housing, which helps people with substance use disorders, is the most resource-intensive type of housing. The rents are extremely low and service requirements are high, making it necessary to provide long-term subsidies. The 84 CrossBridge units this funding supports will add to the most difficult to finance stock of permanent supportive housing in Nashville.
CrossBridge provides effective solutions to end destructive cycles, said Tina Mitchell, president-executive director of CrossBridge. Through our Restoration House Program, we serve men and women struggling with substance use disorders. By offering high-quality, safe, and affordable housing within the context of a supportive community, we provide a reliable path to break the cycles of addiction, incarceration, and homelessness. Bill Hart, CrossBridge vice president and general counsel, said, This grant from the Amazon Housing Equity Fund will allow us to do so much more for those who have so little, resulting in transformed lives and a safer community.
Over the past two years, Amazon has committed more than $94 million to affordable housing efforts in Nashville. In 2020, Amazon donated $2.25 million to local affordable housing nonprofit The Housing Fund—and followed up with another $1.5 million in 2021—to support housing residents in Nashville at risk of losing their homes. After launching the Housing Equity Fund in January 2021, Amazon announced a $75 million commitment to create 800 affordable homes near WeGo transit corridors. Most recently, Amazon launched an accelerator program in collaboration with the Urban League of Middle Tennessee, which offers professional development, mentorship, and early grant funding to emerging developers of color to help increase inclusive housing developments and community building.

BALTIMORE, MD – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 304-unit Jefferson Square at Washington Hill apartment community in Baltimore, Maryland, changing the community’s name to The Tala at Washington Hill. Cushman & Wakefield and Falconvest Partners facilitated the transaction.
The purchase marks the firm’s 12th acquisition in the state of Maryland. With this latest acquisition, the firm now owns and operates five properties in the Baltimore market, including Arbor Ridge, Point at Winterset, Preserve at Cradlerock, Timbers at Long Reach, and now Jefferson Square at Washington Hill.
“We are excited to expand our presence in Maryland with the purchase of The Tala at Washington Hill,” said David Nelson, Hamilton Zanze’s chief investment officer. “The 2014 asset features favorable amenities, convenient location near employers like The Johns Hopkins Hospital, and close proximity to an abundance of retail and entertainment in Downtown Baltimore.”
The community is located at 101 North Wolfe Street in the desirable Downtown Baltimore submarket of the Baltimore metropolitan area. It is just under two miles from the heart of Downtown Baltimore and a seven-minute walk from Johns Hopkins Hospital, which employees over 30,000 people. The property includes 304 units in one five-story residential building. The units average from 850 square feet with 35 different floor plans. Community amenities include a gaming room, fitness center, resort-style swimming pool and sundeck, and a two-story lobby with a grand staircase.
HZ’s capital improvements plan includes amenity, building and site improvements, an interior unit renovation campaign, and environmental upgrades. Additionally, management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

EL PASO, TX – Olson Capital Investments is a private real estate investment firm owned by Obin and Amariah Olson. Yield Crowd is a portal to buy YIELD tokens on the Stellar blockchain. Olson Capital Investments just acquired Hacienda Heights, 129 apartment units in El Paso, TX for $7,300,000.
Commenting on their new acquisition, Principal co-founder Amariah Olson stated, “We are excited to finally acquire this property. The property is in older condition, ripe for value-add. We intend to renovate the property over the next couple of years, increase rents, and ultimately, the value.”
This is the Olson’s third acquisition within a year, and one of two target acquisitions they are making from the sale of 105 apartments in Dallas, TX which they had bought, renovated and sold for a profit. Publicly traded Arbor Commercial Mortgage provided $4.035m of debt on the property, and Marcus and Millichap #1 commercial real estate investment sales brokerage and capital markets advisory in North America with Global reach, brokered the deal.
“We like parts of Texas that still contain value. Texas has landlord friendly laws that are ideal for renovation plays,” stated Obin Olson.
This acquisition will help bolster their subsidiary, Yield Crowd, which issues tokens backed by corporate bonds on the Stellar blockchain. Investors from all over the world can diversify into U.S. real estate assets, and freely buy and sell to each-other on the Stellar Decentral Exchange at yieldcrowd.com.
The Olson’s have completed over 21 real estate investments in Office, Residential, Multifamily, and Retail, totaling over $80 million in transactions, which they have privately financed with their own equity and institutional debt.