RALEIGH, NC – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the acquisition by its Mill Creek Multifamily Value-Add Fund of Alister Lake Lynn, a garden-style apartment community in Northwest Raleigh.
The three-tale community, which features 312 apartment homes, is situated just off of Creedmoor Road and sits within the city’s picturesque Northwest area, which is notable for its established neighborhoods with green spaces, tree-lined streets and comfortable ambiance. Alister Lake Lynn benefits from its close proximity to major jobs centers in Raleigh, including the country’s largest research park (Research Triangle Park – “RTP”), Downtown Raleigh (the state capital) and Rex Hospital. Situated at 6421 Campus Drive, Alister Lake Lynn puts residents less than three miles from the well loved Crabtree Valley Mall and within a quick commute of many dining and retail options including those at North Hills. Additionally, Lake Lynn Park is located one mile west of the community and features several sports facilities and a 2.8-mile greenway that surrounds the lake.
Propelled by world-class access to talent from three tier-one research universities (NC State University, Duke and the University of North Carolina) and an established innovation-based economy as the home of RTP, Raleigh-Durham (also known as the Triangle) is one of the fastest growing regions in the nation. Its population grew 92% since 2000. Lauded for its relatively low cost of living, highly educated workforce, cutting-edge healthcare and stable local and state governments, the region is attracting economic investment and corporate relocations/expansions.
“We’ve always been a fan of the Raleigh market and the Carolinas in general,” said Jaymie O’Harrow, vice president of acquisitions for Mill Creek Residential. “We’re excited to join the neighborhood, which serves as an ideal backdrop for a comfortable, enjoyable living experience. We believe our upgrades and our team’s trademark service levels will elevate Alister Lake Lynn to a top-of-market living option, and we’re keen to acquaint ourselves with our new residents and the neighborhood.”
Alister Lake Lynn offers one-, two- and three-bedroom homes with various layouts available. Community amenities include a resort-inspired swimming pool, sundeck with shade structures, two resort-style tennis courts, pet park, business center with coworking lounge, WiFi-enabled clubhouse and a 24-hour club-quality fitness center. Residents also have access to valet trash service, a recycling center, an onsite car care center and rentable carports.
Home interiors include nine-foot ceilings, energy-efficient stainless-steel appliances, gas ranges, granite countertops, tile backsplashes, wood plank-style flooring, modern fixtures and finishes, in-home washers and dryers, fireplaces, spacious closets and private patios or balconies. Select homes offer soaking tubs, and third-floor homes include loft layouts.

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MCDONOUGH, GA – Vista Residential Partners, a national multifamily development firm, has closed on 33 acres on Jonesboro Road in McDonough, Georgia, for the development of Oak Grove Vista, a 348-unit mixed use development. Oak Grove Vista will be the first development of its kind in McDonough and will welcome residents in Spring 2024.
Strategically located along Atlanta’s key transportation artery, Intestate-75, Oak Grove Vista’s location appeals to those who desire a suburban lifestyle while maintaining direct thoroughfares to the economic hubs of Atlanta CBD, Hartsfield-Jackson International Airport, and the immense South Atlanta Industrial Corridor.
Located along I-75, Georgia’s primary logistics corridor lies between the world’s busiest airport and the expanding Port of Savannah. McDonough provides the ideal strategic location for large distribution centers and provides convenient access to over 285,000 jobs. Via I-75, Oak Grove Vista offers a quick commute to Hartsfield-Jackson International Airport, the largest job base in the state with 63,000 direct jobs and 450,000 indirect jobs.
“Henry County’s spectacular growth is similar to what occurred in Gwinnett County during the 80s and 90s,” said Eduard de Guardiola, CEO of Vista Residential Partners. “We have made a significant financial commitment to this area and are excited to be a part of its success tale for the next decade.”
The community will offer a mix of one-, two-, and three-bedroom apartment homes averaging nearly 1,000 square feet. Designed by architect Niles Bolton, the garden style apartments will feature stainless steel appliances, 9-foot ceilings, vinyl plank flooring, in-unit washers and dryers, and dining size kitchen islands. Oak Grove Vista will also feature a luxury clubhouse, resort style pool, co-working space, fitness center, a large pet park, walking trail, 24/7 package concierge, and 30,000 SF of walkable retail and restaurants.
“The Vista team is thrilled to continue to build on our recent success in Henry County with what will be a unique development offering residents a lifestyle option that was previously only available in more urban locations,” said Michael Neyhart, Managing Director for Vista Residential Partners. “The booming economic activity and population growth in McDonough is driving demand for high-end retail, restaurant, and housing options.”

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MILWAUKEE, WI – USG Realty Capital, a leading investment sponsor specializing in opportunity zones, announced the commencement of its newest ground-up opportunity zone project for Investors Choice OZ Fund, Elevation 1659, in Milwaukee, Wisconsin. The 76-unit multifamily community is being developed by Ogden & Company, Inc. Elevation 1659 is scheduled for completion in September of 2023.
“Elevation 1659 is located in one of the top opportunity zones in the country with one of the strongest social impact studies directly related to this project,” said Greg Genovese, CEO and founder of USG Realty Capital. “It’s always a huge day when we break ground on a new project, and our developer partner, Ogden & Co., has been wonderful to work with. We look forward to Elevation 1659 becoming a huge success for all our investors and a fantastic new addition to this Milwaukee neighborhood, making an exceptional positive social impact for the community.”
Elevation 1659 is located one mile north of downtown Milwaukee in an up-and-coming neighborhood where many investors and companies are searching for affordable, urban-oriented commercial and multifamily projects. According to Smart Growth America, the project’s Milwaukee census tract currently ranks in the top 40 qualified opportunity zones in the U.S. In addition, data compiled by DRC Impact Reporting shows the Milwaukee metropolitan area ranks better than 66% of major U.S. cities in terms of housing affordability, and wealth building for longtime residents is predicted to increase for the local and surrounding regions.
“We are very excited for Elevation 1659’s construction to start,” said Jason Pietsch, Ogden’s real estate investment specialist for the project. “In the coming days and weeks, tree removal, building demolition, and subsequent site prep will commence. These initial steps will lay the foundation, quite literally, for the rest of the project – a project we believe will be among the premier Class A apartment buildings in the Milwaukee market.”

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