HOUSTON, TX – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of mixed-use multifamily communities, announced the acquisition of a Class A, 304-unit multifamily community in Houston, Texas. The community, developed by Wood Partners, LLC, was bought on behalf of CS1031 Houston Apartments, DST, a Delaware statutory trust offering for Section 1031 exchange and other (cash) investors.
“Capital Square sponsors the highest quality, newly constructed Class A apartment communities in the nation for the DST/1031 investment program,” said Louis Rogers, founder and chief executive officer of Capital Square. “CS1031 Houston Apartments is the latest DST offering that sets the highest standards with unrivalled amenities and best-in class quality.”
Located at 3623 W Alabama St., Houston Apartments offers studios, one-, two-, and three-bedroom units with best-in-class finishes. Community amenities include a: resort-style swimming pool with a tanning deck; 24-hour, state-of-the-art fitness center; sky lounge, complete with a kitchen, pinball machine, and outdoor seating with a fireplace; coworking concept spaces; pet spa; courtyard with outdoor living area and fountain; and club area with high-definition televisions, billiards table, lounge seating, and an entertainment kitchen.
Houston Apartments is in the midst of some of the city’s wealthiest neighborhoods. According to CoStar, the average annual household income within a three-mile radius of the property is in excess of $163,000, while the property’s submarket has experienced robust year-over-year rent growth of approximately 9.5% since the beginning of 2021.
The property is within five miles of multiple retailers, restaurants and entertainment venues. It is also within close proximity of Interstates 610 and 69, allowing residents simple access to Greater Houston and the surrounding region.
“Houston Apartments is an amenity-rich, luxury multifamily community located in the midst of one of Houston’s most exclusive neighborhoods where there is strong demand for apartments,” said Whitson Huffman, chief strategy and investment officer. “The property is ideal for affluent professionals who thrive on urban life and the upscale shopping, dining and cultural amenities that are provided in large cities like Houston.”
Home to 24 Fortune 500 companies and NASA’s Johnson Space Center, Houston is a thriving economic center and the unofficial capital of the U.S. oil and natural gas industry. Already the nation’s fourth most populous city, Houston continues to experience rapid growth, with its population swelling by nearly 10% between 2010 and 2020, according to the U.S. Census Bureau.

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NASHVILLE, TN – Amazon announced that it will invest a total of $10.6 million to help build and renovate more than 130 affordable homes in partnership with the Metropolitan Development and Housing Agency (MDHA), and support the social work of the local nonprofit CrossBridge. This commitment is part of the Amazon Housing Equity Fund, a more than $2 billion commitment to make and preserve 20,000 affordable homes for individuals and families earning moderate-to-low incomes in Nashville, Washington state s Puget Sound region, and the Arlington, Virginia, region.
We ve already hired more than 2,500 people at our Nashville office, and we re continuing to invest and make jobs across the city. We also know that the city s growth, the impacts of the pandemic, and various other factors affect the availability of affordable housing, and we want to do our part to help. As one vital piece of that, we re proud to be partnering with MDHA and CrossBridge to bring new housing to residents, said Michelle Gaskin Brown, Amazon s Nashville manager of public policy. These new developments will provide affordable housing, social services support, and convenient access to public transportation to hundreds of families and individuals in the city. We look forward to continuing our investment in Nashville and helping to make and preserve affordable homes so everyone has the opportunity to live, work, and thrive here.
Amazon s commitment to MDHA consists of a $7.1 million low-rate loan to support the construction of Cherry Oak Apartments, a mixed-income residential development featuring 96 apartments, including 53 affordable homes in the Cayce Place neighborhood in East Nashville. Cherry Oak Apartments will provide housing in proximity to high-quality transit, employment centers, and parks. Families living in the affordable units at Cherry Oak Apartments will have guaranteed affordability at or below 80% of area medium income (AMI) for 99 years.
Cherry Oak Apartments is one of many new residential developments at Cayce Place as we go forward with transforming our largest subsidized housing property into a mixed-income community, said MDHA Executive Director Dr. Troy D. White. We are grateful to receive Amazon s first major investment for affordable housing in Nashville, and we hope this is just the start of a successful partnership.
Additionally, Amazon is providing a $3.5 million grant to CrossBridge, a Nashville nonprofit that provides housing and supportive services to adults overcoming addiction. The grant will support CrossBridge s housing projects on Lindsley Avenue in the Rolling Hill Mill neighborhood. CrossBridge owns an entire city block, where the organization is completing a new 50-unit building and renovating an existing 24-unit building into a 34-unit building. The grant will allow CrossBridge to complete its projects, operate at affordable rents, and expand services. CrossBridge will also provide tenants with mental health counseling, addiction support, workforce reentry support, and other services.
Supportive housing, which helps people with substance use disorders, is the most resource-intensive type of housing. The rents are extremely low and service requirements are high, making it necessary to provide long-term subsidies. The 84 CrossBridge units this funding supports will add to the most hard to finance stock of permanent supportive housing in Nashville.
CrossBridge provides effective solutions to end destructive cycles, said Tina Mitchell, president-executive director of CrossBridge. Through our Restoration House Program, we serve men and women struggling with substance use disorders. By offering high-quality, safe, and affordable housing within the context of a supportive community, we provide a reliable path to break the cycles of addiction, incarceration, and homelessness. Bill Hart, CrossBridge vice president and general counsel, said, This grant from the Amazon Housing Equity Fund will allow us to do so much more for those who have so small, resulting in transformed lives and a safer community.
Over the past two years, Amazon has committed more than $94 million to affordable housing efforts in Nashville. In 2020, Amazon donated $2.25 million to local affordable housing nonprofit The Housing Fund—and followed up with another $1.5 million in 2021—to support housing residents in Nashville at risk of losing their homes. After launching the Housing Equity Fund in January 2021, Amazon announced a $75 million commitment to make 800 affordable homes near WeGo transit corridors. Most recently, Amazon launched an accelerator program in collaboration with the Urban League of Middle Tennessee, which offers professional development, mentorship, and early grant funding to emerging developers of color to help increase inclusive housing developments and community building.

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BALTIMORE, MD – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the 304-unit Jefferson Square at Washington Hill apartment community in Baltimore, Maryland, changing the community’s name to The Tala at Washington Hill. Cushman & Wakefield and Falconvest Partners facilitated the transaction.
The buy marks the firm’s 12th acquisition in the state of Maryland. With this latest acquisition, the firm now owns and operates five properties in the Baltimore market, including Arbor Ridge, Point at Winterset, Preserve at Cradlerock, Timbers at Long Reach, and now Jefferson Square at Washington Hill.
“We are excited to expand our presence in Maryland with the buy of The Tala at Washington Hill,” said David Nelson, Hamilton Zanze’s chief investment officer. “The 2014 asset features favorable amenities, convenient location near employers like The Johns Hopkins Hospital, and close proximity to an abundance of retail and entertainment in Downtown Baltimore.”
The community is located at 101 North Wolfe Street in the desirable Downtown Baltimore submarket of the Baltimore metropolitan area. It is just under two miles from the heart of Downtown Baltimore and a seven-minute walk from Johns Hopkins Hospital, which employees over 30,000 people. The property includes 304 units in one five-tale residential building. The units average from 850 square feet with 35 different floor plans. Community amenities include a gaming room, fitness center, resort-style swimming pool and sundeck, and a two-tale lobby with a grand staircase.
HZ’s capital improvements plot includes amenity, building and site improvements, an interior unit renovation campaign, and environmental upgrades. Additionally, management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

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