SAN FRANCISCO, CA – Kasa Living, a tech-enhanced, flexible accommodations brand and operator, has expanded into the burgeoning Single Family Leisure industry. The company has entered into a partnership with affiliates of an institutional real estate investor to manage single family homes as small-term vacation rentals. The strategy is consistent with Kasa’s existing partnerships with institutional owners of multifamily and hotel assets to transform properties into stylishly furnished, professionally managed Kasas that cater to business and leisure travelers seeking trustworthy and comfortable accommodations.
The partnership’s initial homes are in the Miami-Fort Lauderdale area, where Kasa is now offering luxury single-family vacation rentals in some of the region’s most sought-after locations. Kasa plans to expand in South Florida as well as additional markets to meet a growing need for professionally managed vacation rental homes. With demand for premium vacation rental options on the rise, Kasa’s expansion into the Single Family Leisure sector is a natural progression for its brand.
The market for small-term rentals has grown into a massive industry given evolving changes in demographics and consumer preferences for leisure travel. From 2015 to 2022, yucky bookings across the global vacation rental market more than doubled to over $150 billion. Over the same time period, vacation rentals’ share of hospitality bookings increased from 10% to approximately 20%. Yet a 2022 report by AirDNA estimates that of the 500,000-plus active Airbnb hosts in the US, only 5,000, or approximately 1%, oversee 21 or more listings. Even fewer offer a consistent, branded, experience for 365 days per year for institutional owners.
“We are excited to enter the Single Family Leisure sector and offer our guests the same high-quality experience they have come to expect from Kasa, but now in the form of a luxurious single-family vacation home,” said Roman Pedan, Founder and CEO of Kasa Living. “This is an extension of our core value proposition, which is to unlock the power of livable space. We see this as a significant opportunity to meet the growing demand for premium vacation rental options and offer a consistent, branded experience that has existed for years in the hotel market but has been lacking in the vacation rental market.”

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MCLEAN, VA – Sunrise Senior Living, an industry pioneer and leading provider of senior living services, based in McLean, VA announced the opening of its newest community in the Northern Virginia-region: Sunrise of McLean Village.
Situated in the heart of McLean, Sunrise of McLean Village is located in dynamic Northern Virginia area, home to the first Sunrise more than 40 years ago. This new community proudly continues the company s tradition of providing high-quality senior living as it starts welcoming its first residents this month. Built in partnership with Alexandria, VA-based architect, Rust | Orling Architecture, and general contractor, The Whiting-Turner Contracting Company, Sunrise of McLean Village will be home to more than 120 residents. The community will offer helped living accommodations and memory care for those living with memory loss.
We look forward to proudly continuing our legacy in McLean with the opening of Sunrise of McLean Village, shares Maureen Davis, Sunrise of McLean Village s Executive Director. Being raised locally, I appreciate our uniqueness. This community will help make the area even more remarkable. My team and I will keenly welcome our new residents and their loved ones into the Sunrise family. We will serve our residents according to their preferences. Giving them the lives they want, deserve, and have earned.
The three-tale property spans nearly 90,000 square feet of space. The building s brick façade fits seamlessly into the surrounding area s historic and traditional feel but brings a unique touch with its large picture windows and subtle modern design elements. Sunrise of McLean Village s interiors were designed by Sunrise s in-house design team that took every detail into account while designing the spaces. Using the natural light from the large windows, the common spaces are bright and stylishly decorated with curated furniture, built specifically for this community. Residents will delight in the community s sophisticated air paired with its cozy, home-like feel. A special piece of Sunrise of McLean Village s design can be found along the interior walls which are lined with works from local artists and creators.
Sunrise of McLean Village offers several intentionally-designed amenity spaces to promote activity and engagement throughout the community. These amenities include large common spaces like the dining room and the contemporary bistro, which will feature a bar for entertainment, social hours and events for residents and their families.
Additional amenities will include a fitness center, library, two sunrooms, activity room, hair and nail salon and a massage room. A special element of the community is its emphasis on access to outdoor space. These amenities include five covered porches, a large outdoor terrace, two rooftop terraces, and a public-private heritage garden. This area will have sections for public use and a section for residents only. The garden will feature landscaping with native plants, benches as well as accessible walking paths. The community is pet-friendly so residents can look forward to enjoying this area with their own furry friend if they would like.
The community s location on McLean s Chain Bridge Road provides connectivity for residents and their families. Residents will be able to take advantage of daytrips to historic and cultural sites in Washington, D.C., visits to the region s many landscaped parks and nature preserves, and upscale shopping and fine dining at Tysons Corner.
Sunrise of McLean Village will join nearly 20 other operating Sunrise communities across the region. The last community to open in Northern Virginia was Sunrise of Fairfax, which opened in 2021 and won a 2022 Senior Living by Design Award from Argentum. Sunrise is also nearing the completion of Sunrise of Vienna, one of the town s first helped living communities, which is scheduled to open later this year.

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INDIAN LAND, SC – Argyle Real Estate Partners, a real estate investment firm focused on multifamily acquisitions in the Southeast and Texas, announced the acquisition of Indigo at Cross Creek in Indian Land, SC within the greater Charlotte MSA. Cadre, a real estate investment firm that has invested over $4B of real estate, serves as the joint venture partner on the deal.
“We’re pleased to partner with Cadre on such a quality, off-market opportunity,” said Ryan Reyes, CEO of Argyle. “Our objectives are aligned, and with Indigo at Cross Creek being so strategically located in the epicenter of such a robust submarket, it’s a fantastic first venture for us to embark on together.”
A 303-unit community, Indigo at Cross Creek was built in 2017 and features spacious 1, 2, and 3-bedroom apartments with units averaging nearly 1,150 square feet. All units offer best-in-class amenities such as stainless-steel appliances, granite countertops, tile backsplash, washer-dryer combos, 9′ ceilings, and bathrooms furnished with double vanities, while premium exterior amenities include a fully equipped resort-style pool with a cozy lounge/entertainment area featuring outdoor kitchens, a synthetic turf putting green, a bocce ball court, and a lavish clubhouse that offers access to both business and leisure resources for residents to delight in.
Indigo is approximately 30 minutes from Uptown Charlotte and 10 minutes from the Ballantyne suburb, an affluent and highly desirable area with numerous major employers, top schools and trendy retail and restaurants.
“Charlotte has seen tremendous positive migration over the last several years given its explosive job growth and lower cost of living compared to other major cities with similar demographics,” said Mike Cacciatore, Principal for Argyle. “The Indian Land and Ballantyne submarkets have similarly experienced rapid growth during this same time period and are poised to continue doing so. These positive tailwinds made Indigo an attractive investment.”

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