CHARLOTTE, NC – Sherman Residential bought Lemmond Farm, a Class A multifamily property in Charlotte, NC. Lemmond Farm is a 336-unit luxury apartment community located directly east of downtown Charlotte in the Bradfield Farms neighborhood.
Completed in 2020, the property transformed a multigenerational family farm, and the name pays homage to the prominent 18th-century Lemmond family settlers.
Situated at the intersection of Interstate 485 and Route 27, the property offers direct connectivity to major employment centers with access to more than 265,000 jobs within a 25-minute drive. Novant and Atrium have also chosen the intersection for medical centers, making Lemmond Farm an ideal location for healthcare professionals.
Lemmond Farm’s midrise property and its resident-focused amenities provide:

One- to three-bedroom apartments expanding to over 1,300 square feet;
A breathtaking lake house with floor-to-ceiling windows and a centerpiece fireplace;
Luxury apartment finishes, such as granite countertops and full basin sinks;
A resident clubhouse offering a mix of library and lounge designs;
Multiple outdoor kitchens for hosting and gathering fireside or poolside; and
Conveniences like in-unit washers and dryers, EV chargers, and a 24-hour gym with on-demand training programs.

On June 11, 2026, Sherman Residential bought the property. Its Chief Investment Officer stated: “We’re excited to add Lemmond Farm to our growing Charlotte portfolio — this acquisition brings us to approximately 1,000 units in the market, which speaks to our conviction in the submarket’s long-term fundamentals. East Charlotte continues to see strong employment growth and rising homeownership costs with limited new multifamily supply, which is exactly the supply-demand dynamic we look for. We look forward to bringing Sherman’s hands-on ownership approach to this community.”
With a dedicated team, they look forward to making a strong sense of community for their current and future residents.
Sherman Residential has been in the real estate business for over 100 years and currently owns assets in six states. The family-owned company is headquartered in north suburban Chicago.

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KNOXVILLE, TN – Capital Square, a leading sponsor of tax-advantaged real estate investments and an active developer and manager of housing communities nationwide, has completed Livano Knoxville, a 348-unit, Class A multifamily community located in a qualified opportunity zone in Knoxville, Tennessee. Capital Square partnered with LIV Development as co-developer.
Livano Knoxville received its certificate of occupancy in October 2025, following the completion of the first of the development s two buildings, and has since begun leasing to residents. As of June 2026, the community is 74% leased and 57% occupied, tracking lease-up projections.
“Livano Knoxville reflects our vision for delivering quality housing in high-growth markets while making meaningful value for residents and investors, said Louis Rogers, founder and co-chief executive officer of Capital Square. This milestone underscores both the strength of the Knoxville market and the impact of thoughtful development.”
Located at 465 W. Blount Avenue, along the Tennessee River and directly across from the University of Tennessee s Neyland Stadium, Livano Knoxville includes studio, one-, two- and three-bedroom apartment homes averaging approximately 930 square feet. The community includes 35 workforce housing units reserved for residents earning up to 80% of the area median income (AMI). Residences feature wood-style flooring, stainless steel appliances, ceramic tile backsplashes and in-unit washers and dryers.
Community amenities include a resort-style pool, two-tale fitness center, coworking space, game day sky lounge with river and stadium views, and direct access to the Tennessee Riverwalk
Knoxville and the surrounding region have experienced strong demand for high-quality multifamily housing, and Capital Square is proud to deliver Livano Knoxville to meet that need, said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. Opportunity zone investment is intended to drive economic growth. This project satisfies the goal of the opportunity zone legislation by making long-term economic growth.
Development of Livano Knoxville has been funded in part by Capital Square s eighth qualified opportunity zone fund, CSRA Opportunity Zone Fund VIII, LLC.
According to an economic impact study by FTI Consulting, construction of Livano Knoxville generated significant economic activity, including 635 jobs annually. The development produced a projected $2.9 million in state and local tax revenue during construction and is projected to generate $2.1 million annually through operations.
Livano Knoxville adds to Capital Square s growing multifamily development platform. Since its founding in 2012, Capital Square has bought more than 175 real estate assets on behalf of over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code, along with others seeking stable cash flow and capital appreciation. The firm has become a recognized leader in opportunity zone investments and developments.

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LAS VEGAS, NV – Quarterra, an industry-leading multifamily development and investment management firm, welcomed its first residents at its latest luxury community, ARCA, in southwest Las Vegas.
ARCA is strategically designed for renters who demand an elevated, serene lifestyle. With meandering pathways through curated desert landscaping, courtyards and gathering spaces, the community design is rooted in an authentic southwest style. Nestled within the tranquil Spring Valley neighborhood, the community boasts a rare geographic advantage, providing immediate access to the high-energy Las Vegas Strip, the upscale atmosphere of Summerlin and the natural beauty of Red Rock Canyon.
“We’re excited to welcome our first residents and proud to introduce this exceptional living experience to Las Vegas,” said Tyler Wood, Quarterra’s Senior Director of Development for Las Vegas. “ARCA offers a refined residential retreat with its own reserved atmosphere, yet positions residents to embrace the opportunities of the city or embark into nature. Our resort-inspired amenities cater to a contemporary lifestyle, while our location encourages connectivity with the neighborhood, city and region.”
ARCA is a boutique five-tale mid-rise featuring 356 meticulously crafted apartment homes. Residents can select from a diverse range of floor plans, including spacious studios and one- and two-bedroom layouts spanning 707 to 1,320 square feet. With ARCA, Quarterra’s development team demonstrated its commitment to environmental responsibility through sustainable practices, allowing the community to earn the prestigious Green Globes Certification.
The surrounding neighborhood serves as a vibrant extension of the ARCA lifestyle. The community is situated near premier retail plazas and a burgeoning culinary scene. Residents are just minutes away from destination dining experiences, including Sorellina Cucina Italiana, Butcher & Thief, Katsu Ya Ton Ton and Rare Society. For shopping and social outings, Town Square Las Vegas, Downtown Summerlin, and the world-well-known Las Vegas Strip are all conveniently accessible, ensuring that entertainment is never far from home.
The community also thrives on local culture, with residents enjoying proximity to the UnCommons Farmers Market, Fresh52 Farmers and Artisan Market, the Summerlin Festival of Arts and the Spring Valley Library Spring Honest. For active lifestyles, recreation abounds at the nearby James Regional Sports Park and the Las Vegas Ballpark.
In addition to its central location, ARCA offers brilliant connectivity. The area is well-served by regional transit, including Route 212 (Sunset), Route 120 (Fort Apache/Rampart), and Route 121 (Durango/Buffalo), facilitating an simple commute.
Sports enthusiasts and entertainment seekers will find themselves at the center of the action. Major venues such as T-Mobile Arena, Allegiant Stadium, and the South Point Arena and Equestrian Center are within quick reach. Neighborhood entertainment attractions include Durango Casino, Red Rock Casino, AMC Town Square 18, Dave & Buster’s and Velocity Esports. Whether seeking a silent evening in a boutique setting or a night out at a world-class venue, ARCA provides the perfect home base.
Amenities are curated for a resort-style lifestyle, with very detail composed to foster a sense of effortless luxury and community connection. In-home technology includes electronic access control, interconnected smart locks, smart thermostats and ButterflyMx intercom systems.
ARCA is Quarterra’s first multifamily development in Las Vegas and second in Nevada.

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