Trive Capital Real Estate Completes Acquisition of 392-Unit Madison on The Lake Apartment Community in Southeast Houston Market

HOUSTON, TX – Trive Capital Real Estate announced its acquisition of Madison on the Lake, a 392-unit multifamily property located in Southeast Houston. This acquisition was completed in partnership with Sentinel Peak Capital Partners, an established multifamily operator with ownership experience in the property’s immediate submarket.
Located minutes from Leisure activity Airport, Madison on the Lake offers lakefront access and several acres of green space in an urban setting with simple access to the area’s employment hubs. The property’s highly desirable community amenities include two large swimming pools, one of which overlooks the lake, an updated fitness center and clubhouse.
“The acquisition of Madison on the Lake is an exciting opportunity that is well-positioned for long-term value creation through unit and common area improvements. The community offers residents a unique living experience at an attainable price point and should perform well through economic cycles. We are thrilled to partner with Sentinel Peak on such a compelling project,” said Troy Daniel, Founding Partner of Trive Capital Real Estate.
“Trive’s real estate team is focused on opportunities characterized by off-the-run sourcing, value-add potential, and strong investment fundamentals. Madison on the Lake checks all of these boxes and is a fantastic fit for our strategy,” added Conner Searcy, Managing Partner of Trive Capital.

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Aventon Companies Begins Construction on 293-Unit Aventon Kit Creek Luxury Apartment Community in Raleigh-Durham Metro Market

CARY, NC – Aventon Companies, a prominent, vertically integrated multi-family developer with active projects throughout the mid-Atlantic and Southeast, announced it has broken ground on its second apartment community within the Raleigh-Durham-Chapel Hill metropolitan market. Aventon Kit Creek, located in the town of Cary, will be a 293-unit, Class A, multifamily development.
Encompassing nearly 16 acres and spread across three separate residential buildings, Aventon Kit Creek will offer residents spacious floor plans ranging from studio units all the way up to three bedrooms. Each apartment home will be furnished with modern finishes and state-of-the-art-technology. Surrounding amenity spaces include a resort-style saltwater pool along with an expansive sundeck featuring lounge seating, daybeds and private cabanas, a state-of-the-art fitness center with cardio and strength training equipment, and a remote working hub with multiple private offices and collaboration areas. The pet-friendly community also offers a pet spa and dog park.
“Cary is one of the most desirable locations to live within North Carolina, with its booming job market and esteemed schools,” said Ron Perera, Senior Managing Director for Aventon Companies. “To be able to offer a premier multifamily development within close proximity to jobs, schools and shopping is something that we feel will be highly beneficial to the community.”
Aventon Kit Creek’s buildings were designed by Charlotte-based Watts Leaf Architects, PA with interior design by Studio 5 Interiors, Inc. Aventon Kit Creek is expected to open in the Fall of 2023 and will be just a half-mile from Apple’s future campus, a $1 billion development with 3,000 employees and salaries averaging $187,000. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments expected to bring nearly 7,600 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

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Stoneweg Adds to Growing Portfolio With Acquisition of 298-Unit Amaze @ NoDa Apartments in Charlotte, North Carolina

CHARLOTTE, NC – Stoneweg U.S., a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Amaze @ NoDa Apartments, a newly built, 298-unit multifamily community located in the highly desirable NoDa submarket of the thriving Charlotte, North Carolina MSA.
The Class-A property consists of two, four-tale, elevator-serviced buildings and was constructed in 2020. Lavish unit designs boast chef-style kitchens, walk-in showers with subway-tile accents, stainless-steel appliances, and premiere vinyl flooring throughout. Resort-style amenities include: a sky lounge with an outdoor bar area, a gaming section, first-class fitness center, a sizeable swimming pool furnished with chic cabanas and a firepit, vibrant signage, a bark park and pet spa area, and expansive green spaces.
“Amaze @ NoDa is a tremendous addition to our portfolio and a prime example of the quality and diversification we’ve pledged to our investors,” said Head of Investments for Stoneweg US, Matthew Levy. “The quality of the asset speaks for itself, and the market’s performance over the last several years reinforces its value for us.”
The Amaze @ NoDa community is ideally located in the North Davidson (NoDa) submarket of Charlotte, which has undergone a major transformation from being the epicenter of textile manufacturing and mill worker residents, to becoming the cultural mecca of the outer city offering several music and art venues and cultural experiences for residents and visitors to delight in. Amaze @ Noda is in proximity to the LYNX Blue Line Railway, providing area residents simple access to well loved Charlotte destinations; and Charlotte itself serves as a major employer hub for several major companies including three of the leading banking institutions in the country Bank of America, Wells Fargo, and Truist.
“Charlotte remains a key market for us given its consistently strong growth indicators, continuous transformation, and innovative progression,” said Ryan Smyth, Director of Acquisitions for Stoneweg US. “With its ideal location, and standout curb appeal, Amaze @ NoDa is undoubtedly poised to be one of our portfolio’s top performers.”

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