DALLAS, TX – S2 Capital, a vertically integrated multifamily investment manager, announced it has bought Falltree, a 126-unit multifamily property located in Mesquite, Texas; and Silverbrook, a 642-unit multifamily property located in neighboring Grand Prairie, Texas. Terms of the transactions were not told.
“These deals mark the first acquisitions for S2 in 2023 as we have remained very patient with our capital as pricing and capital markets continue to deteriorate. These deals transacted at a basis that felt very compelling for our investors in markets we know extremely well,” said Ryan Everett, Vice President of Acquisitions. “Both of these new acquisitions are located within a few miles of other multifamily assets owned by S2. Our strategy of geographic proximity of properties provides economies of scale in operating costs, which significantly increases the profitability of these assets.”
Falltree is located east of Dallas on 19200 Lyndon B Johnson Freeway in Mesquite, a submarket ranking third for rent growth among other Dallas-Fort Worth submarkets. The property offers convenient access to the I-30 and I-635 corridors and retail destinations like the Towne East Mall, Market East and the Marketplace at Towne Centre. S2 plans to enhance and reposition Falltree to compete with comparable renovated properties in the submarket, including renovating all units with stainless steel appliances, upgraded cabinetry, tile backsplash, granite countertops, wood-style flooring and contemporary fixtures. Updated exterior amenities will include a renovated clubhouse, swimming pools, added balcony and patio enclosures, paint and landscaping.
Located on 2934 Alouette Drive in Grand Prairie, Silverbrook is near a 172-acre entertainment district called Epic Center, and closely connected to Dallas and Fort Worth via I-30, as well as the Dallas-Fort Worth airport via President George Bush Turnpike and US-360. S2 plans to renovate all units with stainless steel appliances, granite countertops, upgraded fixtures and new flooring, tile and paint. Exterior amenity upgrades will include a reimagined community clubhouse, a tennis court repurposed as pickleball courts, new paint and balcony decking, a dog park and a swimming pool area surrounded by grill stations and pergolas.
CBRE’s Danny Baker and William Hubbard represented the sellers in these transactions. CBRE’s Harry Krieger represented S2 in securing financing.

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CHARLESTON, SC – Blaze Capital Partners and joint venture partner Cross Lake Partners announce the acquisition of The Retreat at Carlile, a 99-unit, Class-A townhome rental community in Summerville, South Carolina, a quick growing submarket just outside of Charleston.
“Among the fastest-growing areas in the country, Charleston’s population is booming as job growth and investment draws more people to the Low country – making unmatched demand for housing at a time when the cost of homeownership is reaching unobtainable heights,” said Eddy O’Brien, co-founder and managing partner of Blaze. “As economic conditions keep would-be homebuyers out of the market in the Charleston metro, build-to-rent communities are providing an affordable alternative, without requiring people to sacrifice the lifestyle and space offered by a more traditional neighborhood setting. The Retreat at Carlile provides an underrepresented rental townhome option to the Charleston market and as demand for this type of product intensifies, we’re pleased to add this community to our expanding portfolio.”
The Retreat at Carlile features two- and three-bedroom new construction townhomes ranging from 1,492 to 1,540 square feet in a 20.5-acre neighborhood. Construction for the community started in 2022. The townhomes feature nine-foot ceilings, espresso kitchen cabinets, patio storage, energy-efficient stainless steel appliances, gourmet-inspired kitchens, granite countertops and spacious walk-in closets. Each home has designated parking spots and the pet-friendly community features on-site management, a 24-hour fitness center, a pool and sun deck.
The property is ideally located six miles from I-26, allowing simple access to Charleston’s largest employers including Boeing, Volvo’s Ridgeville Plant, and Google. The Retreat at Carlile’s residents can delight in the ease of a suburban layout in Summerville with access to city offerings found in Charleston, voted the number one city in America by Travel & Leisure the last nine years. Preserved historic architecture, award-winning food, miles of pristine beaches and world-class entertainment, arts and culture span the region, offering endless relaxation and recreation options.
“Housing demand across the Summerville and I-26 corridor continues to rise given the rate at which population is growing. Build-to-rent properties combine affordability with the familiarity and comfort of the ‘home style’ market for residents who may be entering a new phase of life – bringing much-needed choices to the area’s housing stock at a time when there are more barriers than ever to purchasing a home,” said Adam Rapport, Partner and Head of Acquisitions at Cross Lake. “This acquisition aligns with our long-term view on housing as the market evolves, and we will continue investing in the Carolinas as the region experiences remarkable growth.”
Last October, Blaze and Cross Lake Partners sold Chamberlain Pines, a 132-unit townhome rental community in Summerville developed and sold by the JV partnership.
Blaze has continued to grow its rental housing portfolio significantly throughout the Sun Belt. In the past twelve months, Blaze has bought three active adult communities and two conventional multifamily communities, including most recently Integra Lakes, a 203-unit multifamily community in Orlando. Blaze expects to deploy capital opportunistically throughout the remainder of the year as the firm seeks to find attractive long-term plays amidst significant capital market volatility and dislocation.

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CHARLOTTE, NC – Canyon Partners Real Estate and The NRP Group announced a joint venture for the development of the Abernethy Lofts, a 392-unit, Class A multifamily community in the NODA submarket of Charlotte, North Carolina. Canyon provided $35.9 million of LP equity for the development, which is in a qualified opportunity zone. Construction of the community will start immediately and is expected to be completed in Q2 2026.
Located walking distance to the Sugar Creek LYNK Blue Line Rail Station in Charlotte’s North Davidson arts and entertainment district (“NoDa”), Abernethy Lofts will be in one of the city’s most desirable neighborhoods and positioned among hundreds of restaurants, shops, galleries and music venues. As Charlotte’s established workforce continues to grow as a result of corporate relocations and expansions, the community’s proximity to public transportation will provide residents with convenient access to the area’s major employment centers, including Uptown Charlotte, University City and the South End.
“Since our first development in the NoDa neighborhood over five years ago, we have recognized the incredible opportunities and amenities readily available to residents in this area,” said Jason Mochizuki, Vice President of Development at The NRP Group. “We are proud to partner with Canyon for the fourth time in the Charlotte market to continue making highly desirable rental opportunities in a location that offers connectivity and convenience.”
Most recently, Canyon collaborated with NRP in February 2023 for the development of South Tryon, a residential community in Charlotte’s South End.
Abernethy Lofts will total 344,339 square feet and include an extensive amenity package with a resort style pool, a large outdoor area with private dining, pizza and grilling stations, work-from-home conference pods, a state-of-the-art fitness center and a large dog park. The community will have structured parking for 509 spaces and a garage with branded electric bikes. The community will feature several environmental, social and governance (“ESG”) attributes including ENERGY STAR rated appliances and Wi-Fi-enabled “Smart” thermostats.
Canyon has been an active provider of debt and equity in the Southeast and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has invested approximately $2.0 billion in debt and equity to capitalize nearly $6.2 billion of total projects in the Southeast.

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