Sherman Residential Expands its Multifamily Portfolio with The Acquisition of 233-Unit Skye Suwanee Town Center in Atlanta Submarket

ATLANTA, GA – Sherman Residential has proudly bought Skye Suwanee Town Center, a Class A multifamily property in Suwanee, GA, a northern Atlanta suburb.
The 2020 construction boasts 233 apartments and ten impressive amenity spaces. Skye Suwanee delivers luxury suburban leasing with an urban feel. Residents like the all-inclusive access to unique spaces like the wine cellar, two-tale fitness center, and rooftop terrace with retrofitted Airstream lounge.
The walkable suburb of Suwanee gives residents less than a half mile walk to restaurants, shopping, and community events in the Town Center. Plus, the property’s ground-level retail spaces are full with Thrive Coworking and Warm Waves coffee shop, a perfect pairing for the professional or student. Locally, job opportunities abound in organizations like the Gwinett County school system and major companies headquartered in Suwanee, like defense technology corporation, Meggitt Training Systems. Plus, Atlanta is straight down I-85, and the major metropolitan attracts world-class corporations offering boundless career growth.
Skye Suwanee’s midrise-style property and its resident-focused amenities deliver: Studio to three-bedroom apartments reaching nearly 1,500 square feet; Luxury floor plot options, like laundry rooms and butler’s pantries, wraparound balconies, and custom closets; Unparalleled amenities featuring a rooftop terrace, a 24-hour wine cellar lounge, and two-tale fitness center and clubhouse; Modern spaces available for work and study, including a direct-access business space with private offices for hosting clients; Pet-friendly features, such as an immaculate indoor spa, a gated dog park, and walking paths to explore the area; Conveniences like multiple elevators, in-unit washers and dryers, and both one-car garage and parking garage options; and Community-focused design with gamified gathering spaces for hosting friends and meeting neighbors.
On June 17, 2025, Sherman Residential bought and assumed the property management. Its Vice President stated: We’re excited to expand in the Atlanta market during another growth phase. As our first acquisition of the year, Skye Suwanee is a fantastic asset to the Sherman portfolio. With a dedicated team, they look forward to making a strong sense of community for their current and future residents.

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Toll Brothers Apartment Living and Gables Residential Announce Joint Venture to Develop 243-Unit Multifamily Community in Colorado

LITTLETON, CO – Toll Brothers (NYSE: TOL), the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Gables Residential have announced a new joint venture to develop Gables Angeline, a four-tale, 243-unit luxury multifamily rental community in Littleton, Colorado. The project is being financed through a $57 million construction loan facility from JPMorgan Chase. The equity and debt were arranged by Toll Brothers in-house Finance Department.
Gables Angeline will total 331,498 square feet and offer apartment homes with a mix of studio through three-bedroom floor plans. Each residence will feature designer finishes and thoughtfully appointed features, including quartz countertops, oversized closets, and private balconies or patios, along with optional private garages. The best-in-class amenity package will include a resort-style pool, a state-of-the-art fitness center with rock climbing wall, a community garden, a pet park with dog run, an outdoor pavilion, and a putting green. The community will also offer 1,200 square feet of retail space.
We are thrilled to expand our national footprint with Gables Angeline, our first luxury multifamily community in Colorado, said John McCullough, President of Toll Brothers Apartment Living. With its prime location, upscale design, and strong connectivity to major employment hubs and outdoor recreation, Gables Angeline will offer residents an unmatched living experience in the suburbs of Denver.
Located at 7900 S. Platte River Parkway in Littleton, Gables Angeline will be in proximity to downtown Denver and major employment campuses, including the Denver Tech Center, Children’s Hospital Colorado, and Lockheed Martin. The community will be located within walking distance of the RTD Light Rail Littleton/Mineral Station and a half mile from access to C-470. Residents will delight in nearby entertainment, shopping, and recreation destinations, including Aspen Grove, a well loved open-air shopping center, and Chatfield State Park.
We are excited to partner with Toll Brothers on our first joint project, Gables Angeline, in the Denver market, said Charles Elliott, Chief Investment Officer for Gables Residential. Gables has been fortunate to have been in the Denver market since 2014, and to be able to continue to expand with a new partnership in this prime location is a fantastic opportunity for both parties. We thrive on expanding our ability to bring our commitment to quality living experiences and exceptional service to new locations throughout Denver.
Gables Angeline is Toll Brothers Apartment Living s first development in Colorado. The community is adjacent to Toll Brothers master plotted community, ParkVue on the Platte, a gated for-sale community offering three collections of modern townhomes.

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Kennedy Wilson Investment Management Platform Acquires 700 Units Across Two Multifamily Communities for $166 Million

BEVERLY HILLS, CA – A real estate fund managed by Kennedy Wilson has bought, in separate transactions, Tides on Commerce – a 336-unit apartment community in North Las Vegas, Nevada, and Finisterra – a 356-unit apartment community in Tempe, Arizona, for a total of $166 million, excluding closing costs.
The fund invested a total of $61 million of equity in these transactions. The low-density, garden-style apartment properties offer a diverse mix of unit sizes and plentiful amenities.
The two acquisitions contribute to Kennedy Wilson s growing multifamily portfolio with ownership interest in nearly 40,000 units.
These acquisitions reflect our team s ability to leverage our local expertise and source attractive investment opportunities at a discount to replacement cost, said Kurt Zech, President of Kennedy Wilson s multifamily division. Both communities are located in markets emerging from a period of elevated deliveries and concessions and entering a period of strong economic growth with minimal new supply. We are excited to build on Kennedy Wilson s long-held strategy of identifying and improving high-quality communities that provide relative affordability in burgeoning markets with the support of our strategic partners.
North Las Vegas was the second fastest-growing city in Nevada from 2020–2023 and is projected to grow nearly twice as quick as the broader Las Vegas region over the next five years. Recent local job growth has been driven by a rapid expansion in the industrial and healthcare sectors, and residents of Tides on Commerce benefit from immediate access to major employment centers including Apex Industrial Park, VA Southern Nevada Hospital, and a growing cluster of medical and logistics facilities.
Finisterra is located in the South Tempe submarket, part of the highly desirable Kyrene School District and near many need-based retailers including Costco, Walmart, Lifetime Fitness, and Ikea, as well as numerous outdoor activities at the Tempe Sports Complex, South Mountain Trail, and Ahwatukee Lakes Golf Club. The property s convenient access to the 10 freeway enables residents to easily commute to employment hubs in Chandler (Intel, B of A, Wells Fargo, Northrup Grumman) and North Tempe (Arizona State University, State Farm, SRP).
Kennedy Wilson has an approximate 14% interest in the commingled fund that bought the two properties and serves as asset manager.

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