Aventon Companies Announces Construction of Its First Luxury Apartment Community in South Carolina with 394-Unit Aventon Bees Ferry

CHARLESTON, SC – Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announced that it has broken ground on its very first luxury apartment community in the state of South Carolina. Located in the booming West Ashley submarket of Charleston, Aventon Bees Ferry will be a 30-acre project encompassing 394 units and proximate to major employers as well as world-class dining and shopping options including the historic downtown Charleston peninsula.
With spacious one, two and three-bedroom floorplans, each apartment within Aventon Bees Ferry will be outfitted with the company’s signature high-end finishes, with details normally found only in luxury single family housing. The expansive amenity package at Aventon Bees Ferry will include a community clubhouse with hospitality-inspired design and spaces for lounging, remote work and fitness. Amongst its two courtyards, residents will delight in a resort-style pool and gaming lawn in the primary courtyard, and a nature-centered space for tranquility and relaxation in the secondary courtyard. This pet-friendly community will also feature a pet spa and on-site dog park. Each of the four-tale buildings within the development will offer elevator access. Aventon Bees Ferry is expected to open in early 2024.
“With Charleston consistently experiencing year-over-year employment growth while seeing its economy and tourism industry reach unparalleled heights, Aventon chose to launch our first project in South Carolina here. South Carolinais a key part of our regional growth plot,” said Ron Perera, Senior Managing Director. “Aventon Bees Ferry will provide luxury living amongst all that the city has to offer.”
The property’s buildings were designed by Watts Leaf Architects, with interior design curated by Studio 5 Interiors, Inc. Landscaping and hardscaping for Aventon Bees Ferry was designed by local South Carolina firm, Thomas & Hutton. The community is located near the intersection of Bees Ferry Road and Savannah Highway. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing over 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

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Harbor Group International Grows Miami Footprint with Acquisition of Newly Built 420-Unit Oak Enclave Miami Apartment Community

MIAMI, FL – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of Oak Enclave Miami, a newly developed, 420-unit, mid-rise multifamily community in Miami Gardens, Fla. The community adds to HGI’s growing Miami portfolio, marking the eighth property under HGI’s ownership in Miami-Dade County, comprising nearly 2,000 units. HGI will assume the in-place loan for the property.
Completed in June 2022, HGI will work to end the lease-up and stabilize operations of the community upon assuming ownership and management.
“Through our deep knowledge of the Miami multifamily market, we were able to coordinate with the seller to buy this asset at an attractive basis and close on a quick timeline,” said Richard Litton, President, HGI. “As the Miami MSA continues to experience strong in-migration, both outside of and within Florida, we see opportunity in submarkets such as Miami Gardens as residents seek well-located housing at an affordable price point.”
HGI has continued to be an active investor in commercial and multifamily real estate amid ongoing market volatility. During the second half of 2022, the firm bought 10 multifamily properties throughout the U.S., totaling over 4,000 units, inclusive of Oak Enclave Miami. In 2022, HGI completed a total of $6.7 billion in transactions, spanning acquisitions and dispositions.
Oak Enclave Miami offers residents a commuter-centric location with direct access to the area’s employment centers. The community is near several transportation options, including the Palmetto Expressway, Interstate-95 and the Florida Turnpike, offering access to approximately 820,000 jobs within a 25-minute drive. The community is also in proximity the Golden Glades Tri-Rail Station, connecting residents to the Miami Health District, Miami International Airport, Aventura, Hollywood and Fort Lauderdale, with a plotted expansion to downtown Miami.
Oak Enclave Miami’s amenities include a 24-hour fitness center, multi-purpose clubhouse, playground, swimming pool and 24-hour monitored gate access. The community sits across 14 acres, with more than a third of the property designated as outdoor space. Units feature a private balcony or patio, 10-foot ceilings, stainless steel appliances and modern finishes.

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Security Properties Continues Texas Growth With Acquisition of 204-Unit Brightleaf at Lakeline Apartment Community in Austin

AUSTIN, TX – Security Properties bought Brightleaf at Lakeline, a Class-A multifamily property located in Austin, TX in an off-market transaction. Security Properties now owns 112 assets totaling approximately 23,000 units across its portfolio, including one other 204-unit, market-rate property in Austin as they continue to grow in Texas.
Brightleaf at Lakeline was completed in 2022 and consists of 304 dwelling units spread across 3 midrise buildings and 5 carriage-style buildings on 12.3 acres. The Property features one and two-bedroom floor plans averaging 880 square feet. Unit interiors consist of granite countertops, designer backsplashes, GE stainless steel appliances, kitchen pantries, faux-wood flooring in living and wet areas, carpet in bedrooms, full-sized washer and dryers, spacious closets, and high ceilings (9-10 feet). From an amenity perspective, the property offers a contemporary clubhouse/leasing center, 24-hour fitness center with on-demand virtual trainers, yoga studio, business lounge & conference center, game room, BBQ area with grills, resort-style pool and sundeck, pet park and spa, and controlled-access gates.
Brightleaf at Lakeline is located 17 miles north of downtown Austin within the highly desirable Cedar Park submarket. The submarket is anchored by the super-regional Lakeline shopping district which is bisected by two major interstates (US-183 and SH-45). Within a 1.5-mile radius of the Property there are nearly 5 million square feet of retail, including Lakeline Mall, Lakeline Market, Lakeline Plaza, and Parkline Shopping Center.
The pivotal location also provides immediate access to the area’s premier schools and some of Austin’s largest employers. The Northwest Austin submarket is home to the largest concentration of office space in the Austin MSA with over 16.5 million square feet of space. This corridor has been targeted by major technology companies in recent years due to the presence of talent and the ability to build expansive office campuses. The most notable recent example is Apple, which has an existing operations center and is currently constructing a new 3M SF campus just 5 miles south of the Subject. Other employers include State Farm’s regional service center, Amazon, eBay/PayPal, and Visa.
According to Davis Vaughn, Managing Director at Security Properties, “The acquisition of Brightleaf at Lakeline helps cement our footprint in the Austin market as we continue our expansion there. This is a high-quality asset at a significant discount to replacement cost in one of Austin’s most highly desired submarkets. Cedar Park’s population has been booming in recent years and will likely continue to grow as residents flock to the suburbs in search of space, affordability, and proximity to some of Austin’s largest employers.”

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