AURORA, CO – FCP announces its third Colorado multifamily acquisition in less than two months with the $114 million joint venture recapitalization with BMC of Aurora Meadows, a 461-unit apartment community at 777 Dillon Way in Aurora, CO. With the Aurora Meadows investment, FCP’s Colorado multifamily portfolio includes three apartment communities with a total of 1,736 units.
“Expanding our portfolio in Colorado with BMC strengthens our market position alongside an existing partner,” said FCP’s Bart Hurlbut. “Together we will oversee a $12 million renovation plot for the property, modernizing units and common areas and improving several amenities.”
“We are excited to add another investment to the growing relationship with FCP,” said Jeff Stonger, Chief Investment Officer of BMC Investments. “This partnership with FCP is very synergistic and allows both groups to grow and scale across new markets and strategies together. BMC is highly focused on delivering high-quality, but affordable workforce housing options in the neighborhoods in which we invest,” added Stonger. “With FCP as our capital partner, we are able do that vision and deliver on our commitment to these communities.”
Aurora Meadows is well-located in Aurora, near one of Denver’s largest employment centers with simple access to main Denver thoroughfare, I-225. The community is blocks from the new Fitzsimons Light Rail stop, Fitzsimons Medical Campus, and abundant retail and dining amenities. Aurora Meadows features a mix of studio, one- and two-bedroom apartments with convenient on-site amenities.

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HOUSTON, TX – Stoneweg U.S., a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Ashford Apartments, a 312-unit, Class A community located in the heart of Houston, Texas. The investment marks the company’s first acquisition in the ever-well loved Houston MSA; the 5th largest MSA in the US.
“Historically, our Texas and neighboring Southwest market-based assets have performed well for us, so strategically, adding Houston to the mix made a lot of sense,” said Matthew Levy, Head of Investments for Stoneweg US. “With population growth projections surpassing 60% over the next 10 years in Houston, and steady job creation to accompany the accelerated growth, we’re extremely pleased to enter this robust market with such a high-caliber asset like Ashford Apartments.”
Conveniently located 17 miles west of Downtown Houston in the heart of the Energy Corridor, Ashford Apartments features 312 luxury units with modern designs that include 10′ ceilings, stainless steel appliances, smart thermostats, keyless unit entry, hardwood floors, rich mahogany cabinetry, built-in wine cellars, and floor-to-ceiling windows that provide ample natural lighting. Exterior amenities, best-in-class and superior to those of neighboring communities, include a 2-tale elite fitness center, bark park, cycling studio, and grilling stations and pergolas to accompany a generous resort-style pool. Ashford’s ideal location offers immediate access to major highways for commuters traveling to well loved Houston destinations and employment centers including the Energy Corridor, Texas Medical Center, and Downtown Houston, all home to some of the MSA’s largest employers.
“An abbreviated value-add strategy is anticipated to be applied to the already brilliant condition of Ashford Apartments, thus allowing us to focus our attention on maximizing operations and delivering strong, long-term results,” said Director of Acquisitions, Garrett Pisarik.

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PHOENIX, AZ – CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced that a CIM-managed fund has closed a $204 million construction loan to Medistar Corporation, GMH Communities, and a fund sponsored by CBRE Investment Management to finance the development of Central Station, a one million-square-foot mixed-use transportation hub in Downtown Phoenix.
Located at 300 N. Central Ave. at Van Buren Street, Central Station will consist of 362 apartments, 435 student housing units with 655 beds, over 100,000 square feet of office and retail space, and 427 subterranean parking spaces across two 22- and 33-tale towers and a podium. Central Station is adjacent to and seamlessly integrates with an existing bus and light-rail transit center and is a public-private partnership with the City of Phoenix and the federal Transit Authority. Central Station broke ground in April 2022.
Central Station is situated adjacent to Civic Space Park and Arizona State University s Downtown campus and within a small distance to major employment centers, the Metro Light Rail, and Sky Harbor International Airport.
CIM Group, an active lender through its CIM Real Estate Debt Solutions business, recently closed a $136.7 million loan for the construction of a 42-tale condominium tower in Honolulu. In 2021, CIM provided a $135.85 million construction loan to Medistar Corporation for the development of a student housing complex and parking garage at Texas A&M Innovation Plaza in Houston. CIM Group seeks to provide senior and subordinate transitional bridge and construction loans for commercial real estate projects with strong sponsors.
CIM Group applies its broad experience as an owner, operator, and developer of all types of commercial real estate to its lending strategy and believes this helps differentiate the company from many other debt providers. Through mortgage and mezzanine loans, affiliates of CIM Group provide bridge and construction financing to owners and developers of commercial real estate in major markets across the United States and works with borrowers to offer an array of lending solutions.

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