SAN ANTONIO, TX – The Milestone Group announced its acquisition of Archer Stone Canyon Apartments, a 228-unit value add multifamily community in San Antonio, Texas. The buy price was not told.
Located at 21302 Encino Commons in San Antonio, Archer Stone Apartments feature a location that includes canyon views and botanical gardens along with resort-styled amenities, while providing exceptional access to Highway 281 and major employment centers and retail destinations in the Far North Central neighborhood.
Community amenities include a resort-styled pool, 24-hour fitness center, resident clubhouse, and a playground within a controlled access, on-site managed property. The spacious, high-ceilinged units include washers and dryers, gourmet kitchens, detached garages, computer nooks, wood-style flooring, and sunrooms, patios, and balconies in certain units.
“Archer Stone Canyon is well-located, proximate to a number of employment centers and situated within San Antonio’s top rated school district,” said Milestone Vice President of Acquisitions, Jim Duey. “Residents at Archer Stone Canyon delight in the largest and most functional family-friendly units. We look forward to implementing capital enhancements to the property’s amenities and unit interiors, improving its market position, livability and appeal as a family-friendly community.”
Milestone bought the property through an assumption of the existing Freddie Mac loan. Milestone’s focuses on moderate leveraged and fixed interest rate financing, which aligns well with loan assumptions as a compelling financing option.
“By assuming the existing financing, we were able to save the seller from a significant prepayment penalty while offering us a more favorable interest rate than is currently available in the market, benefitting both parties,” said Chris Bartlett, Milestone’s Chief Operating Officer. “We have bought nearly $1 billion of assets through loan assumptions in the past two years, demonstrating our ability to ensure a seamless transaction for sellers.”

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RALEIGH, NC – Bell Partners, one of the nation’s leading apartment investment and management companies, announced it has bought Vintage Jones Franklin, a 277-unit apartment community located in Raleigh, North Carolina. The community was bought on behalf of Bell Core Fund I investors and will be renamed Bell Jones Franklin.
Completed in 2022, Bell Jones Franklin is located between suburban Cary and downtown Raleigh at the intersection of I-40, I-440 and U.S. 1, offering access to major retail and employment centers including Weston Parkway Office Park and Research Triangle Park. The Raleigh-Durham-Chapel Hill metro area is home to 14 Fortune 500 companies and three nationally recognized doctoral research universities, providing a large pool of highly skilled workers.
“The acquisition of Vintage Jones Franklin was a result of Bell’s deep local knowledge in the Raleigh metro area and a strong relationship with the developer,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “This investment reflects our conviction in the long-term growth and stability of the Raleigh market, improving immediate location and exceptional product that should suit the needs of current and future residents.”
Completed in 2022, Bell Jones Franklin offers modern apartments in studio, one-, two- and three-bedroom floor plans. Amenities include a 24-hour fitness center, pet park, clubhouse and a resort-style pool with cabanas. Residents delight in simple access to entertainment, retail and lifestyle amenities with over 280 stores located in a three-mile radius.
With the addition of Bell Jones Franklin, Bell Partners now owns and/or manages 40 communities containing over 12,000 apartment homes in the Raleigh metropolitan area. Bell Partners is actively investing in 14 target markets located in the Northeast, Mid-Atlantic, Southeast, Texas and West Coast. The company broadened its footprint into the western U.S. in recent years and has added over 10,400 apartment homes to its management portfolio over the last 12 months.

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ATLANTA, GA – Capital City Real Estate announced the opening of “The Indie”, a brand-new boutique apartment community consisting of only 83 one, two and three bedroom apartments and eight stunning Penthouses, many which offer unobstructed views through 11 foot floor to ceiling glass windows of Downtown, Midtown, Buckhead, Ponce City Market and even Kennesaw and Stone Mountain.
With one of the most unique design aesthetics in the city, The Indie was inspired by the grit and arts culture of the now developing Krog District which is at the intersection of Ancient Fourth Ward, Inman Parkand the Sweet Auburn district. This site also hugs one of Atlanta’s most valuable assets – The BeltLine and more specifically – the Eastside Trail.
The historically inspired brick base was made to mirror the warehouses and buildings characteristic of Edgewood Avenue, the original route of the Atlanta Streetcar. The mural on the building “Atlanta and Edgewood Street R.R.” pays homage to the name of the original line and the large brick arches on the facade were designed with a scale that could have welcomed those early streetcars. The top of the building is a more modern structure meant to disappear into the sky while providing residents with some of the best views the city has to offer.
The atrium entrance and interiors of the building were modeled after the effortless style of boutique Indie theaters and SoHo houses around the country, giving visitors unexpected motifs and quirky winks that all seamlessly converge to make a space that encourages creativity and artistic expression. The Indie will appeal to those that want to embrace a lifestyle that celebrates individuality and originality.
With only 91 residences to provide a truly boutique experience, the Indie offers all the amenities you would expect from a new residential building including a state-of-the-art fitness center, inspiring lobby, shared workspaces and a creativity fueled communal clubroom that spills out onto a resort-style pool deck with fire pits, grilling area and a skyline view that is beyond compare. Each residence has been thoughtfully designed to blend livability, functionality and modern design including stunning kitchens, large walk-in closets and private outdoor space for every unit.
With a 93 Walk Score, 91 Bike Score and over 150 restaurants within a half mile, residents can easily explore the city and all it has to offer. You can truly live, work, eat, and play without compromise. Ultimately, The Indie is more than just an apartment community, it is a lifestyle designed for those who want to be original, inspired and embrace the eclectic and vibrant culture of Intown Atlanta.

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