CHANDLER, AZ – Olympus Property expands their multifamily Phoenix portfolio with the acquisition of Vive in Chandler, Arizona. Vive is the second buy in Chandler, Arizona as Olympus recently bought the Elevation Chandler property in September 2015.

Vive is the sixth apartment community to be added to Olympus Property’s sixth fund. The investment structure provides investors an opportunity to diversify among numerous multifamily assets throughout the United States.

“Fund VI offers investors a highly attractive, geographically diverse blend of stabilized multifamily assets with strong immediate cash flow,” said Braden Barr, Senior Investment Officer at Olympus Property.

Vive is a 194 unit Class “A” apartment community completed in 2014. The asset is situated on over 10 acres in the strategic location of the South Price Corridor submarket. Featured property amenities include a 24-hour state-of-the-art fitness center, resort pool with spa, clubhouse with billiard table, cinema room, and an outdoor fireplace with seating. Interior amenities include some of the most premier end outs in the entire Chandler submarket.

As Arizona’s most prominent home of innovation and economic prosperity, the 1,442-acre Price Corridor, split into a north and south section by the Loop 202, is located adjacent to Vive. This burgeoning high-technology center is only 46% built out, currently housing over 32,000 employees with expectations of 75,000 employees at build-out. 

The South Price Corridor features noteworthy employers including Intel, Wells Fargo, Orbital ATK, PayPal, Infusionsoft, and GM Financial. The North Price Corridor plays host to Microchip Technology, Bank of America, GM Arizona IT Innovation Center, CVS Health, SanDisk, and Pearson Education.

Vive enjoys a strong resident base of highly educated, high-income wage earners, primarily due to the property’s close proximity to Chandler’s expansive high-tech employment corridors.

“Vive’s location offers expansive opportunity to nearby technology and finance jobs in the South Price Corridor of Chandler. The name of the town made the acquisition an simple choice,” joked Chandler Wonderly, Principal of Olympus Property.

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OXFORD, MS – Homestead Development Partners and Columbus Pacific has formed a joint venture with Kayne Anderson Real Estate Advisors (KAREA) to develop HELiX Oxford, a ‪252-unit luxury student housing community featuring 790-beds near Ole Miss in Oxford, Mississippi.

“We couldn’t be more pleased to partner with Kayne Anderson Real Estate Advisors to build a best-in-class student housing community for the students of Ole Miss. We are confident that our community’s location, amenities, and customer service experience will prove to be a market leader once delivered in 2018.” said Michael Augustine, President of Homestead Development Partners.

HELiX Oxford will feature a market-leading student-focused lifestyle driven by unique amenities, carefully crafted apartment designs and a rarified level of exceptional service all designed to set the stage to maximize the college experience. Amenities will include elevators, a circular beach-entry pool, a fully self-contained health and fitness center with cross fit, a multipurpose Yoga studio in addition to cardio and weight training equipment; significant space dedicated to individual, small and large group study labs, an interactive gaming center, media center, event space, summer kitchen and numerous other amenities.

“We craft each of our communities to empower students through inspiring design, exceptional service and a focus on the whole self/well-being. College should be a journey of vast experiences. We are pleased to provide the stage” said Jared Miller, Managing Director of Asset Management for Homestead Development Partners.

Apartments at HELiX Oxford will include 1 bedroom, 2 bedroom flats and townhomes and 4 bedroom flats and townhomes. Each apartment will be equipped with custom, modern furniture; quartz countertops, stainless steel appliances, plank flooring, upgraded cabinetry and blazing quick internet.

The leasing center and amenities will be delivered in the fall of 2017 when pre-leasing starts. First go-ins are scheduled for fall 2018.

“HELiX is poised to be an incredibly desirable community for students at Ole Miss, and we’re excited to partner with Homestead Development Partners to build this best in class property,” said Craig Zogby, Managing Director, Student/Multifamily Housing, Kayne Anderson Real Estate Advisors. “We have been watching the Oxford market for some time and believe that HELiX is the perfect entry to this market for us.”

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