ORLANDO, FL – Dallas-based CONTI Capital, a real estate investment company providing capital solutions to acquire, manage, and sponsor real estate investments across the U.S., has acquired Alta Winter Garden, a 250-unit newly constructed, institutional-quality asset located at 1223 E Plant St, Winter Garden, Florida.
Just west of Orlando, Winter Garden is nestled against Lake Apopka and offers a quiet lifestyle within convenient reach of top employers, Orlando International Airport, and major entertainment such as Walt Disney World and Universal Studios.
“The CONTI Index, CONTI Capital’s proprietary market evaluation tool, has idenitified the Orlando market as one of the top 10 multifamily markets to watch in 2022,” says Carlos Vaz, CEO of CONTI Capital. “The Index analyzes hundreds of weighted indicators across six primary factors and has been key to our strategic expansion. To better support this growth and our investors, CONTI has recently opened a new office in Miami, Florida.”
Alta Winter Garden is CONTI’s next asset in its $150M RE High-Growth Fund IV. The Fund will seek a target return of 10-14% ROI with a 3-5-year hold period. It is structured as a private offering for accredited investors, wealth managers, and institutions.

SALT LAKE CITY, UT – RealSource Properties, Inc., a leading real estate investment and management firm with nearly $1 billion in commercial multifamily acquisition history, announced the launch of its Real Estate Investment Trust (REIT). For the first time since commencing its investment and management platform two decades ago, the Salt Lake City-based company is now extending an opportunity to accredited investors to join with RealSource in a portfolio of multifamily assets.
“We believe there may be no better time for RealSource to launch a multifamily investment vehicle than now due to the favorable fundamentals being experienced in specific markets across the United States. When we apply our local real estate cycle econometrics and knowledge to ascertain which markets are quickly recovering from the pandemic, it is clear to see that demand for apartments is rising, said Nate Hanks, CCIM, CEO of RealSource Properties. This multifamily-focused REIT will open up our company s track record in value creation to non-institutional investors looking for ways to diversify their portfolio with cash flowing real estate.
The $390-million RealSource Properties REIT targets multifamily properties, with ten properties already owned with more in the pipeline. Utilizing the firm s vertically integrated business model, assets in the REIT will be managed by the same value-add real estate strategy currently deployed at RealSource multifamily assets nationwide. RealSource s in-house team of economists, researchers, and acquisition specialists source viable investments; then, its team of asset management professionals manage and operate the assets identified for the acquisition.
Commercial real estate investments have emerged as a solution for investors looking for portfolio alternatives, and REIT-structured investments like the one offered by RealSource have historically provided investors with risk mitigation, potential attractive and sustainable yields, competitive market performance, streamlined investment management, and potential significant tax advantages. Additionally, investors will have full transparency into the operation and performance of each asset in the REIT.
The ten properties already owned by the RealSource Properties REIT include 2,897 apartment units in Ohio, Texas, North Carolina, and Colorado. The acquisition process for these properties relied on an econometric model that evaluates nearly 40 different market sub-categories, factoring such things as market, migration, income, social indicators, state GDP and tax rates, growth, and more. The development of this unique set of parameters over time allows for in-depth comparison over broad periods and markets, submarkets, and regions.
Hanks explained, In 2022, we anticipate continued strength for the rental product since demand outweighs supply. To be sure, the pandemic caused dramatic demographic shifts, which pose some lesser-known threats that are beginning to evolve in the industry. Yet we believe there are opportunities to trade in and out MSA’s when savvy investors bring the right business model and execute it correctly. Timing the local real estate cycle correctly can create higher returns in times of bigger upward swings in what is often called the absorption cycle.
In addition to deep market research, each asset purchased by the REIT is evaluated to align with its value-add strategy. The REIT looks to source assets acquired at meaningful discount to replacement cost – and assets that are determined to benefit from operational efficiencies and improvements through asset management initiatives, property improvement plans, and a series of other contributing variables. For RealSource Properties investors, the REIT s structure allows the potential for accretive improvements of its value-add strategy results to enhance performance in the long term, as compared to individual property performance.
Hanks concludes, The axiom, everyone needs a place to live, has never rung truer than during the pandemic. Effectively located apartment homes in booming U.S. metros can be more undervalued than many deep inside the real estate industry realize. Rising costs of living, coupled with rising replacement costs to build new housing, have resulted in a giant macro increase to multifamily values in most markets at the close of 2021. An important market cycle has surfaced: rising single-family prices are causing more people to rent for longer, affecting demand for already near-full apartment inventory. Consequentially, multifamily vacancies in many metros are near all-time low levels and naturally pushing rent rates upward in many of the largest 50 metros.

SAN DIEGO, CA – MG Properties, a private San Diego-based real estate investor, owner, and operator is further expanding their presence in the Orange County, CA with the acquisition of The Herald Apartments.
Built in 2021, this 215-unit community is a rare opportunity to acquire a “class A” asset in Placentia. The strong demographics of the surrounding area make The Herald’s exceptional amenity package and high-quality finishes well suited to the market.
Jeff Gleiberman, MG Properties’ Managing Director, said “The Herald is ideal addition to our Southern California portfolio. We believe Orange County has strong fundamentals and is positioned well for growth in the near term.”
The seller, Lyon Living, was represented by Mark Peterson, Joseph Smolen, Geoff Boler and Jonathan Merhut of Eastdil Secured. The property was financed by Affiliates of Apollo Global Real Estate Management L.P., originated by Lee Redmond and Greg Stampley also of Eastdil Secured.

PETERSBURG, FL – Greystar, a global leader in the investment, development, and management of high-quality rental housing properties, announced that Bay area high-rise Ascent St. Pete will celebrate its topping off on April 29. Rising higher than any other rental community in the Tampa Bay region, Ascent St. Pete provides residents incredible, 360-degree views of Tampa Bay as well as the Gulf of Mexico. The project will feature outdoor pool amenities at both the sixth and 36th floors.
“Located in the heart of St. Petersburg, Ascent will provide an unparalleled rental housing experience in the Tampa Bay region,” David King, Senior Director of Development, said. “It has a creative and eccentric interior that complements its modern exterior, which is emphasized by expansive glass balconies at nearly every unit. Overall, Ascent connects with St. Pete’s vibrant energy and creates an environment where residents can feel like they vacation where they live.”
The podium-style high-rise will reach 36 stories with 357 units that feature floorplans that include studios, one-, two- and three-bedrooms as well as penthouse units with elevated finishes and access to dedicated penthouse amenities. Ascent St. Pete boasts a 94 percent walkability score.
Partnering with AC by Marriott, the mixed used project includes a 172-key hotel which will allow Ascent St. Pete to augment the resident experience with shared outdoor amenities and services. The hotel will also feature a separately branded restaurant on the eighth floor with an outdoor terrace and bar.
The high-rise also contains more than 6,800 sq. ft. of ground-level retail space along First Ave. and 2nd Street North.
Ascent St. Pete is scheduled to open in January 2023 with final construction completion slated for May 2023.

NORCROSS, GA – Ashcroft Capital, a fully integrated multifamily investment firm, announced the acquisition of Elliot Gwinnett Place (formerly Retreat at Arc Way), a garden-style community approximately 20 miles northeast of Downtown Atlanta. Birchstone Residential, Ashcroft Capital’s in-house property management company, has assumed management of the community. The property was purchased through Ashcroft’s Value-Add Fund II.
The community, which features 284 apartment homes, adds to Ashcroft’s burgeoning Atlanta-area portfolio. The company now has five communities in the area, all acquired within the last year, including two within Norcross. Ashcroft also owns communities throughout Texas and Florida.
“We’re big believers in the Atlanta metro market, and will continue to grow our team and pursue opportunities in the area for the foreseeable future,” said Frank Roessler, founder and CEO of Ashcroft. “Norcross is among the fastest-growing submarkets in the area, due in part to its proximity to the city’s key employment sectors and its highly rated school districts. We look forward to implementing our value-add strategy to modernize the community and reposition it as one the most desirable options in the submarket.”
Located at 4025 Arc Way, Elliot Gwinnett Place sits less than three miles from Interstate 85, a key artery that connects to the greater metropolitan area. The community features spacious one-, two- and three-bedroom layouts and provides a quiet respite from the bustling areas of the city. It also offers easy access to the nearby offices of Comcast, Amazon, Mitsubishi and Hewlett-Packard, as well as the abundance of eateries and shops within downtown Norcross.
Ashcroft’s renovation efforts at Elliot Gwinnett Place, initially built in 1988, will include a full update and modernization of the amenity spaces, improved curb appeal and upgrades to landscaping and community signage. Within the apartment homes, Ashcroft will add 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. The previous owner recently renovated approximately 25% of the homes.
Existing community amenities include a swimming pool, resident clubhouse and business center, fitness center, picnic areas, playground and laundry facility. Existing apartment features include laminate countertops, white/black appliances, wood-style cabinet fronts, walk-in closets, private patios/balconies and washer/dryer connections. Homes renovated by the previous owner feature various upgrades, including granite countertops and stainless steel appliances.
Elliot Gwinnett Place joins Elliot Norcross, located about seven miles away at 1355 Graves Road, in Ashcroft’s Norcross portfolio.
“We are thrilled to add a second asset in Norcross, which has been a phenomenal location for us,” said David Deitz, president of Birchstone. “Our team looks forward to creating the best possible resident experience as we continue to build the brand in the area. The community already offers a stellar location, and we believe we can give it an even greater upside.”

ORLANDO, FL – JLL Income Property Trust, an institutionally managed daily NAV REIT with more tham $6.3 billion in portfolio assets and 119 properties, announced the acquisition of Jefferson Lake Howell, a newly constructed, class-A apartment community in the northern Orlando suburb of Casselberry, Florida. This amenity-rich, lakefront, 384-unit garden-style apartment community was acquired for approximately $154 million.
“This addition to our growing residential portfolio, an overweight portfolio allocation for us, aligns with our strategy to invest in well-located communities with strong demand drivers and high barriers to entry for new competition,” said Allan Swaringen, JLL Income Property Trust President and CEO. “The community’s proximity to high paying employment centers and top-rated schools, limited supply of competitive properties along with minimal developable land in the area for new apartments, along with the region’s consistently low vacancy rates made this an attractive investment that we believe will drive long-term, stable cash flow for our portfolio.”
Swaringen also noted, “Orlando apartment demand was highly resilient and remained positive even during the pandemic-induced recession of 2020, despite deep job losses due to a decline in tourism. Then, in 2021, occupied units grew by a record 7 percent and rents increased 26 percent ranking seventh for recent rent growth among 162 markets tracked by LaSalle.”
Located less than 10 miles north of Downtown Orlando, Jefferson Lake Howell provides residents with easy access to highways serving major employment and transportation nodes via Interstate Highway 4 and State Road 17, along with nearby retail amenities including a Publix-anchored shopping center, a Walmart Supercenter and numerous dining and entertainment options.
The Orlando apartment market is a LaSalle Research & Strategy recommended overweight for core investment given its strong in-migration trends, limited for-sale housing stock and record-low residential vacancy rates. Orlando’s population is forecasted to grow 1.9 percent through 2026, well above the US average of 0.7 percent, while vacancy currently sits at a record-low 2.1 percent, below its 20-year average of 5.6 percent. The property is also within three miles of highly rated schools that are part of Seminole County’s school system, which ranks in the top five in Florida.
JLL Income Property Trust’s aggregate residential allocation is now over $2.7 billion, with more than 9,900 residential units across 24 apartment communities and a 14-market single-family rental portfolio representing 43 percent of its $6.3 billion property portfolio.

PRINCETON, TX – HLC Equity, a national real estate investment and property management firm, has announced the purchase of Southgate Apartments, a 156-unit, new construction community located in Princeton, Texas.
Southgate Apartments, the latest Class A acquisition for HLC Equity, is located adjacent to the high growth McKinney area of Dallas. The city is undergoing significant economic expansion due to growth in key industries. For the past decade, McKinney has maintained a consistent presence on the list of fastest growing cities in the nation.
The Southgate Apartments community was completed in Q1 of 2022, when HLC Equity secured the off-market opportunity from a relationship with the developer, who specializes in the local DFW market. Inheriting the lease-up component has allowed HLC Equity to generate a better yield and is expected to stabilize at a 5% cap rate. The property offers residents exclusive, never-lived-in units plus a variety of distinguished amenities. From an expansive resort-style pool and clubhouse to a state-of-the-art fitness center and a dog park, Southgate provides residents with a heightened experience, regardless of their style or preference.
“We are excited to add Southgate to our expanding Dallas portfolio. This opportunity was sourced off-market through our relationships with an experienced local developer. This community hits right in our target of acquiring high quality assets in growing markets with the high potential to outperform.” commented Daniel Farber, CEO of HLC Equity.
Southgate Apartments will be managed by HLC Equity’s internal property management team and will implement many features developed by its Layers brand. Layers endeavors to increase property value and resident experience by providing certain unit upgrade options, integrating the company’s innovative technology and offering onsite/offsite services to further benefit residents and community at large.

SAN ANTONIO, TX – Embrey, a diversified real estate investment company that owns, develops, builds, acquires, and manages multifamily residential communities and commercial assets in targeted markets across the United States, announced the final closing of Embrey Horizontal Living Fund I, a $160 million discretionary equity fund to support the development of a portfolio of build-to-rent projects, an emerging and highly desirable concept in the multifamily industry.
Led by Fortune 100 institutional investors, the fund is the foundation for $500 million in build-to-rent projects that Embrey will start over the next two years. Initial developments will break ground in Texas markets in the coming months, with expansion to other Sunbelt markets to follow.
The communities are typically 200-300 units and are comprised of duplexes and townhomes with one-, two-, and three-bedroom floorplans. Units have individual yards and private garages, and the communities include amenities such as pools, clubhouses, fitness centers, dog parks, and full-service management.
“This is a major step in Embrey’s goal of expanding our fund platform,” said Garrett Karam, Embrey’s Chief Investment Officer. “We’ve invested heavily to create the team and the capabilities necessary to raise and service institutional-level funds.”
“The structure of the fund entrusts Embrey to manage the capital for maximum return,” said Karam. “That trust is based on a nearly 50-year track record of maximizing value for our investors and operating with the highest level of integrity. We appreciate the confidence our institutional and private capital partners have shown in us, and we expect those relationships to grow within our fund platform.”
Karam said Embrey sees excellent investment opportunities for the fund and has a strong development pipeline in place.
“We expect to scale our fund platform in the coming years and are excited by the growth that lies ahead,” Karam said. “We have strong conviction that the multifamily sector will continue to produce opportunities for outsized returns, and we are focused on creating investment vehicles that will enable our partners to benefit from robust growth in the sector and in our company.”

HOUSTON, TX – Starboard Realty Advisors has recently acquired the Arden Woods apartment community, a 308-unit, highly amenitized, Class A garden-style community located in Spring, Texas. John Carr, Ben Fuller, and Tonya Chaffin of Cushman & Wakefield represented the Seller.
Arden Woods offers contemporary living comprising a mix of 1-, 2-, and 3-bedroom apartments and includes stainless steel appliances, granite countertops, ceiling fans, faux-wood flooring, and in-unit washer/dryer appliances. Select units feature an attached garage. Amenities at the property include a resort-style swimming pool with pavilions, BBQ grills & a fire pit, a wooded area, a dog park, storage units, and a fitness center.
The property’s location provides easy access to everything North Houston, The Woodlands, and Conroe has to offer.
“The Arden Woods property is an excellent investment due to the projected 16.8% population increase in the surrounding area by 2026. We look forward to the opportunity it presents our investors”, said Bill Winn, CEO of Starboard Realty Advisors.

ATLANTA, GA – ECI Group with partner Parse Capital announces The Corwyn South Point opened the community’s onsite leasing office and welcomed the first residents who have taken occupancy. The Class A, newly developed, 260-unit project is located at 1000 Columns Drive in rapidly growing Henry County, GA. Resident move-ins began April 1st in the just-released first building, which is now 65% leased. The entire 10-building project is 20% preleased with move-ins scheduled for the second building later this month. The remaining 8 buildings are expected to be completed sequentially throughout the summer with construction completion in the third quarter. The Corwyn, a new Class A apartment brand for ECI, was developed by ECI Capital and constructed by ECI Construction.
“The Corwyn South Point has been met with extraordinary enthusiasm from people seeking a sophisticated, modern design in a walkable, neighborhood setting,” said Jimmy Baugnon, Chief Investment Officer at ECI Group. “Residents of The Corwyn can walk to over 700,000+ square feet of retail, dining, and entertainment options at South Point and are within a few minutes’ drive of I-75 and the job centers of McDonough and suburban Atlanta. ECI is excited to add to the availability of rental units within an area experiencing very high demand.”
The Corwyn South Point features spacious one-, two- and three-bedroom entertainment-friendly apartments. A state-of-the-art fitness center with a spin/yoga room, Rideshare lounge with coffee bar and a work room/business center will deliver at the same time as Building 2 later this spring.
By summer, residents will have access to a spectacular 2,000 square foot clubhouse with kitchen, a Gathering Room with a lounge, fireplace, TV and Media center with a gaming area and seating, a resort-style pool with a sun shelf and deck, outdoor seating alongside a grilling and fire pit space and a courtyard with greenspace set with lawn games and a bocce court. A dog park and pet wash station complete the amenities for residents with pets.