LONG BEACH, CA – The same expertise, process and attention-to-detail that have made Ensemble a success in the healthcare, commercial and hospitality sectors are now being applied to urban multifamily and mixed-use real estate.

Overseeing Ensemble division is Tyson Sayles, a seasoned real estate executive with an 18-year track record of delivering superior returns. Previously in charge of the residential division of The KOR Group, Sayles was instrumental in the creation of numerous successful, award-winning projects including Eastern Columbia, the world-renowned Art Deco landmark located in downtown Los Angeles’ Historic Core.

“I’m very excited to be part of the talented team at Ensemble,” said principal Tyson Sayles. “With our company’s unique brand of placemaking, we’re committed to developing urban residential communities that reflect the context in which they are built — providing inspiring places for people to live, work and play.”

Ensemble’s residential projects will be located in walkable, bike-friendly environments with proximity to transit, retail, cultural offerings and health and wellness venues. “Whether it’s well-designed spaces inviting people to gather and socialize, or infusing projects with inspiring works from local artisans, we’re all about making buildings that captivate people’s imaginations,” continued Sayles. “Doing these things, our projects help to serve as catalysts in energizing a neighborhood’s cultural dynamic and future growth.”

A number of multifamily projects are in the pipeline for Ensemble, many of which will be enhancing the skyline of Downtown Long Beach, with two set to break ground this fall. Other proposed residential projects are located in Philadelphia, Pennsylvania, Santa Clara and Santa Cruz, California.

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ATLANTA, GA – Carroll Organization, one of the country’s leading privately-held real estate companies focused on multifamily investment, management, and development announced that it has completed the sale of the apartment community ARIUM McAlpine Creek in Charlotte, NC. This is the first property sale from its investment vehicle, Carroll Multifamily Real Estate Fund III, LP. Carroll originally bought this 214-unit property in July 2014.

“ARIUM McAlpine Creek represented an opportunity to buy a high-quality asset with brilliant visibility in a high growth corridor of South Charlotte, featuring walkable access to the McAlpine Creek Greenway, Charlotte’s first public greenway trail” said M. Patrick Carroll, Chief Executive Officer of Carroll Organization. “Throughout our ownership, we experienced tremendous organic rent growth and were recently able to prove out a value-add business plot through upgrades to the interiors and amenities. After a two year hold period, we elected to sell the asset to realize significant profits for our investors.”

“We are pleased to have partnered with Carroll Organization in the McAlpine Creek multifamily investment. The well-located property was bought at attractive pricing, and Carroll’s successful execution of the business plot has provided the opportunity to do an opportunistic disposition and realize an attractive return for our investors,” added Robert Davies, Principal with The Townsend Group.

ARIUM McAlpine Creek offers a lifestyle of comfort and distinction nestled in forested surroundings. The community is located in southeast Charlotte with direct and convenient access to Charlotte’s largest employment centers: Uptown, SouthPark, and Ballantyne. It is less than 2 miles away from a large neighborhood retail center and McAlpine Creek Park, a 114-acre park featuring a lake, dog park, soccer fields, and bike/nature trails. Throughout the hold period, Carroll’s business plot included improving net operating income by reducing and controlling expenses, increasing rents, and maintaining strong occupancy.

To date, Carroll has successfully exited seventeen assets valued over $575 million, including this transaction. The investments have produced an average IRR of 32%. Carroll has bought twenty-six properties totaling over $1.2 billion since the beginning of 2015 and is continuing to actively buy high-quality multifamily communities in the Southeast and Southwest, and other strategic target markets across the country. Carroll sourced many of its deals “off-market” directly from developers and owners, and is recognized in the industry as a best in class renovator and operator.

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TAMPA, FL – Housing Trust Group (HTG), a leading real estate developer in Florida, has closed on financing and broken ground on the initial phase of Park at Wellington, a new $37.9 million, 220-unit affordable housing community for working families in Pasco County, located approximately 30 miles north of Tampa, Fla. Phase I development funding sources include $16 million in 9% Low Income Housing Tax Credit Equity provided by City Real Estate Advisors of Indianapolis, IN.; and a $15.5 million construction loan provided by KeyBank of Cleveland, OH., which converts to a $3.5 million permanent loan after completion.

Construction on Phase I of the apartment community, which includes 110 units and is slated to open in late 2017, started on Monday, July 18, 2016. The units will be set aside for renters earning at or below 40% to 60% of area median income (AMI). Rents will range from $367 to $783 per month. Construction of Phase II is expected to start in November 2016.

Currently, HTG has five affordable housing communities under construction in Florida. Other developments in progress include Valencia Grove in Eustis, Freedom Gardens in Brooksville, Wagner Creek in Miami and Courtside Family Apartments in Miami (a joint venture with Alonzo Mourning). All aim to fill a void in the market by providing much-needed, quality affordable housing to working families, seniors and individuals.

“Apartment rents are soaring in Pasco County and throughout Florida,” said Matthew Rieger, president & CEO of Housing Trust Group. “Park at Wellington aims to ease the burden on working families by providing modern, affordable housing in a safe, friendly neighborhood environment.”

Located in the city of Holiday, off of US Highway 19 at 4369 Sunray Drive, Park at Wellington is mid-rise garden-style apartment community composed of 18 one-bedroom/one-bath units; 62 two-bedroom/two-bath units; and 30 three-bedroom/ three-bath units for families. Units range in size from 676 square feet to 1379 square feet. Ninety-eight of the units will be set aside for residents earning at or below 60% AMI; 12 will be for tenants at or below 40% AMI.

Designed in the traditional Florida vernacular style (Victorian tropical), with elements derived from Frank Lloyd Wright’s architecture, the centerpiece of the community is a Grand Clubhouse featuring a cyber café, pool, exercise room, after-school care, laundry facility, offices and maintenance area. Residents will also delight in the on-site playground, dog park and walking path around a central lake with various seating and gathering areas. The community is conveniently located directly across from a Publix grocery store, an elementary school and various other residential apartment communities.

The project team for Park at Wellington includes architect Fugleberg Koch, PLLC; civil engineer High Point Engineering, Inc.; and general contractor HTG Hennessy, LLC.

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