KANSAS CITY, MO – Stoneweg US, a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Wild Oak Apartments, a 348-unit community located in the Northland (Liberty) submarket of Kansas City, MO; a major US market, which has experienced positive net migration for the last several years and continues to show strong growth indicators in the future.
“We’re pleased to announce the acquisition of Wild Oak Apartments, an asset located in one of the premier submarkets of the high-performing Kansas City MSA,” said Matthew Levy, Executive Vice President & Head of Investments for Stoneweg US. “Securing an asset of this caliber during such a hard and volatile time in the market gives us fantastic momentum as we head into Q4.”
Located in the highly desirable Northland submarket, Wild Oak Apartments features 348 units consisting of 1, 2, and 3-bedroom apartments with a moderate amenity suite that includes two onsite pools, a full-sized basketball court, volleyball court, two-tale clubhouse, and over 500 parking spaces including 58 detached garages and 54 carports.
Stoneweg US will implement an aggressive capex plot upon takeover that will include extensive sustainability initiatives as well as unit and property improvements. Beginning immediately Stoneweg US will start benchmarking energy, water & waste using Energy Star Portfolio Manager and implement a community recycling program. Internal upgrades will include new granite countertops, subway tile backsplashes, Water Sense plumbing fixtures, stainless-steel Energy Star appliances, cabinet refinishing, and washer/dryer additions to all units; while external upgrades will consist of pool area improvements including grilling stations and new pool furniture additions, new fitness center equipment, painting of parking and common areas, and installation of a new package locker system for residents. The Company will also enter into a programmatic HVAC replacement plot, manage water and electricity consumption with market best practices and examine the existing solar installation to optimize energy production in accordance with the Company’s keen focus on incorporating environmental sustainability solutions throughout its portfolio.
“With population growth upwards of 7% in this area, and compressed supply for renters looking to penetrate this submarket, our team is looking forward to the transformation of Wild Oak Apartments,” said Ryan Smyth, Director of Acquisitions. “We’re confident that our proposed business plot will elevate the curb appeal for prospective renters while enhancing the experience for existing residents and positioning the asset for favorable future results.” Stoneweg US has appointed Greystar as the property manager to oversee operations at Wild Oak Apartments.

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NEW YORK, NY – Related Companies launched leasing for The Set, located in Hudson Yards at 455 10th Avenue. The 270-unit project is the first building of its kind blurring the line between a five-star hotel and luxury residential experience.
Designed by Handel Architects with interiors by MAWD, The Set will offer a home or home-base, social club, and professional workspace with a food & beverage program overseen by renowned Chef Dan Kluger. The fully serviced and furnished turnkey residences feature studio, one-bedroom, and two-bedroom apartments priced from $5,200/month with 6-month and full year leases; go-ins start September 30, 2022.
“Thoughtfully designed for work, play and everything in-between, The Set combines a world-class residential building, five-star hotel services, and private members club into a place residents can call home,” said Jeff T. Blau, CEO of Related Companies. “From the expertly furnished residences, sky-high office suite, resident-only restaurant, to the tailored programming and events, The Set will bring a renewed way of living to Manhattan’s West Side.”
Offering a truly turnkey living experience, The Set’s fully furnished residences will feature elevated materials, exquisite finishes and designer furnishings. Each residence will have soaring nine-foot ceilings with breathtaking city views, floor-to-ceiling windows, European wide plank oak wood flooring and custom cabinetry. Residents have the opportunity to select from an array of designer furniture and accessory packages featuring art curated by the contemporary art gallery and marketplace Sugarlift. The Set’s category-defining fully-furnished and serviced residences have been thoughtfully designed for the evolving needs of its residents. Hotel-inspired services including weekly housekeeping, daily package and grocery delivery, laundry and dry-cleaning services, smart-home customization, room service, and more are all included in monthly leasing fees.
The heart of the community will be ‘The Set Club,’ a fully-serviced, resident-only social club soaring 500 feet in the air at the top of the building. The Set Club is dedicated to work and play and includes a private restaurant and bar by Chef Dan Kluger, rooftop pool and garden, expansive office spaces, ongoing programming, and more. The Set Club’s ‘Directors of Experience’ will serve as a dedicated concierge, assisting residents with any special requests and overseeing private event plotting in both the amenity spaces and individual residences.
Additional spaces within The Set’s three designated amenity floors include a demonstration kitchen and lounge space, private dining room, game room, screening room, terrace with barbeque pods and virtual reality room with golf simulator and VR games. A dedicated wellness floor includes a state-of-the-art gym and yoga and virtual fitness studio.
The 44-tale tower by Handel Architects utilizes glass, metal and terracotta to bridge the aesthetic of the surrounding neighborhoods on Manhattan’s West Side.
“We wanted the exterior expression to feel residential and inviting, but also have a timeless quality,” said Frank Fusaro, Partner of Handel Architects. “Terracotta was the perfect accent material since it provides that feeling of warmth. We used a bronze end to visually connect the tower to the low-rise brick buildings nearby. Overall the building’s exterior expression is one of silent sophistication in a busy New York City neighborhood.”
Curated by interior design firm MAWD, The Set’s interiors combine forward-thinking elements for experiential living. The use of innovative materials and grounding palettes in the project’s design makes a unique and modern sense of space informed by the MAWD’s previous experience designing members clubs across the globe.
“Recasting the pied-à-terre for a new era, The Set’s interiors have been programmed for each moment of the day, and a 24/7 lifestyle. Blurring the distinction between hotel and residential living, this ultra-service residence has been designed to mimic the warmth of home, with the magnetism of a destination,” said Elliot March, MAWD Co-Founder.

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ATLANTA, GA – Ashcroft Capital, a fully integrated multifamily investment firm, announced the acquisition of four apartment communities totaling 1,080 homes in the Atlanta metropolitan area. Birchstone Residential, Ashcroft Capital’s in-house property management company, has assumed management of the communities.
The Atlanta-area communities include Halston McDonough (formerly Carrington Green) in McDonough, Ga., Halston South Point (formerly Villas at Southpoint) in McDonough, Halston Shiloh Valley (formerly Shiloh Valley Overlook) in Kennesaw, Ga., and Halston Harris Bridge (formerly Harris Bridge Overlook) in Dallas, Ga.
“In spite of capital market fluctuations, we remain bullish on multifamily based on the current and projected fundamentals within our Sun Belt metros. Because of this, we’re excited to buy this value-add portfolio of four core-plus quality properties located in a high-growth metro in which we have an existing presence,”said Frank Roessler, founder and CEO of Ashcroft. “Additionally, this portfolio had a very strong history of institutional ownership, and the previous regime handed them off to us with minimal deferred maintenance. That said, we believe we can significantly improve the assets by updating the classic homes and further modernizing the amenity spaces.”
With the acquisitions, Ashcroft now has 10 communities in metropolitan Atlanta.
“Atlanta is a fantastic example of the kind of Sun Belt market we want to be in,” said Scott Lebenhart, chief investment officer for Ashcroft Capital. “It’s experiencing population growth, has a diverse economy and offers a tremendous quality of life. In small, it’s exactly the kind of metro area in which renters want to be. We only entered the metro Atlanta market last year, but we’re committed to growing a significant portfolio in the area because of the rock-solid fundamentals of the apartment market there.”
The business plot will be similar at each community, as Ashcroft and Birchstone plot to fully refresh the amenity spaces, implement landscaping improvements, upgrade signage and improve overall curb appeal.
In-home upgrades will include the additions of stainless-steel appliances, hard-surface countertops, tile backsplashes, vinyl-plank flooring, upgraded lighting and plumbing fixtures, USB ports and new cabinet fronts with modern pulls. Additional improvement measures will include the addition of washer/dryer sets and the implementation of valet trash service.
Existing community amenities are similar at the properties, as each community features a swimming pool, resident clubhouse and business center, fitness center, picnic areas, playground, laundry facilities and a sports court. Apartment interiors at the classic homes in the properties include laminate countertops, black appliances, wood-style cabinet fronts, walk-in closets, private patios or balconies and washer/dryer sets in select homes.
“All four of these assets are highly desirable given the quality and characteristics of the properties,” said David Deitz, president of Birchstone. “They will fit seamlessly into our portfolio, and we believe our in-home renovations and modernization of property features will elevate each community in the pecking order of their respective submarkets. We fully anticipate demand to significantly increase at each property.”

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