DALLAS, TX – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Mockingbird Flats apartment community in Dallas, Texas. This successful close marks the fifth acquisition in Knightvest’s Fund II.
Built in 2012, the 417-unit apartment community is centrally located next to Southern Methodist University (SMU) and the Park Cities in Northeast Dallas. The five-tale mid-rise property features ground floor retail and offers an average unit size of about 800 square feet. Knightvest plans to fully renovate the majority of the units and make substantial enhancements to the community’s amenities. As part of the renovation efforts, Knightvest has renamed the community to Belclaire.
“This acquisition marks a unique opportunity to apply our expertise in renovating and repositioning properties to such a marquee Dallas multifamily community,” said David Moore, Knightvest founder and CEO. “As we look at macro trends impacting our industry, it’s clear that younger generations including Gen Z increasingly view apartment communities as longer-term destinations, and this acquisition bolsters our footprint with this core demographic in a high growth market.”
Belclaire’s proximity to Downtown and Uptown Dallas, combined with its walkable retail options, makes it a unique and attractive living space. The property’s location near SMU further enhances its appeal, with the recent success of the university’s football team and its impending status as a Research 1 (R1) institution driving a remarkable increase in student applications. Knightvest is enthusiastic about the Dallas market as it continues to be one of the fastest-growing major cities with a robust economic outlook.

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NASHVILLE, TN – Olympus Property announced the acquisition of The Griff, a 255-unit luxury apartment community located in the heart of Germantown, one of Nashville’s most dynamic and historic submarkets. Built in 2019, The Griff exemplifies modern urban living while providing unparalleled access to the economic and cultural vibrancy of Nashville.
Building on its strong track record in the multifamily real estate sector, Olympus Property’s acquisition of The Griff further strengthens its presence in key growth markets. This acquisition marks Olympus’ entry into the Germantown submarket, bringing its Tennessee portfolio to over 1,200 units across owned and managed properties and contributing to its Southeast region portfolio which now exceeds 7,300 units. Established in 1992, Olympus Property has grown to own and manage more than 35,000 units across 16 states, driven by a hands-on approach and a commitment to delivering exceptional living experiences. Leveraging its extensive experience and operational expertise, Olympus is well-positioned to ensure strong performance at The Griff while consistently providing value to both residents and investors.
“The acquisition of The Griff is a testament to Olympus Property’s focus on investing in high-growth markets with significant economic momentum,” notes Wade Madden, Chief Executive Officer at Olympus Property. “The property’s premier location in Germantown, coupled with its luxury amenities and proximity to transformational developments, makes it a valuable addition to our portfolio.”
Strategically located in the heart of Germantown, The Griff benefits from its proximity to redefining developments, such as the Neuhoff District, a $563 million, 900,000-square-foot mixed-use destination featuring blue-chip employers, retailers, and acclaimed dining, and Oracle’s $1.2 billion East Bank campus, which is set to bring 8,500 high-paying jobs. A plotted pedestrian bridge will connect The Griff directly to these developments, enhancing its walkability and appeal. Nashville’s pro-business environment has attracted major companies like Amazon, Oracle, and Meta, driving $8.6 billion in recent investments and another $16 billion expected in the next five years. With daily in-migration averaging 80-100 new residents, the area has become a top destination for upscale living, offering unmatched access to employment, dining, and entertainment.
The Griff seamlessly blends historic charm with modern luxury, offering studio to two-bedroom apartments ranging from 589 to 1,251 square feet. Residences include floor-to-ceiling windows, stainless steel appliances, wine refrigerators, and private balconies or patios. Community amenities feature a sky lounge with panoramic views, a fitness center with a Peloton studio, a private recording studio, a riverfront courtyard with a fire pit, a pet park, and a multi-level parking structure.

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DALLAS, TX – S2 Capital, a national vertically integrated multifamily investment manager, announced the acquisition of a distressed multifamily portfolio consisting of five properties facing foreclosure in Dallas, TX, Nashville, and Knoxville, TN.
S2 invested $60 million of rescue capital in a new joint venture with the existing Limited Partner through a structured preferred equity investment and secured a new 5-year $170 million senior loan through ACORE Capital. S2 will take over as the general partner with full operational control across property, asset, and construction management plus major choice rights to protect the preferred equity investment. The transaction was sourced off-market.
The five properties are located in markets with growing demand for multifamily housing and limited new supply:
Landmark at Gleneagles at 4909 Haverwood Lane, Dallas, TX, offers spacious 1 and 2-bedroom units, swimming pools with natural landscaping and simple access to shopping, dining, and entertainment.
Stone Ridge at 500 Piccadilly Row, Antioch, TN (a Nashville suburb) offers generously sized 1 to 3-bedroom units with patio/balcony, 2 swimming pools and sundeck.
Hickory Highlands at 100 Hickory Highlands Dr, Antioch, TN, offers 1 and 2-bedroom units, 9-foot ceilings, 3 swimming pools, and is located near Percy Priest Lake.
North Park Apartments at 5237 Tillery Rd, Knoxville, TN, offers 1 to 3-bedroom units and a park-like setting with biking and hiking trails.
The Park at Fountain City at 2132 Adair Dr, in Knoxville, TN offers 1 to 3-bedroom units and nearby walking and biking trails.
Ryan Everett, Managing Director, Head of Acquisitions of S2 Capital, said, “This transaction is a fantastic representation of how S2 is taking advantage of targeted distress in today’s market. Our vertically integrated operating platform, in tandem with our discretionary capital, positioned us as the preferred partner to step in as the new GP and programmatically address the in-place operating issues through the implementation of a new business plot.”
“This investment allows us to expand our geographic footprint to Tennessee, where we have plotted to invest in the Nashville and Knoxville markets for several years. Our internal data analytics platform projects Southeast Nashville to be a top quartile submarket for investment, given the continued year-over-year demand growth of 11% while supply and permits have plummeted by 80% to less than 2.5% of inventory, coupled with expected strong household formation and in-migration.”

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