SAN ANTONIO, TX – Fantastic Gulf Group, together with its partners Westdale Properties and a large Canadian institutional investor, has bought 787 residential lots across seven master-plotted communities in San Antonio, Austin and Houston, TX, from Forestar Group to build, own, and operate dedicated single-family rental homes.
“This acquisition provides an brilliant entry point into the Houston and Austin markets while increasing Fantastic Gulf’s operational scale across our Texas portfolio. Based on demographic trends and customer preference, we believe the demand for professionally managed rental housing is undersupplied,” said Aole Ansari, Chief Operating Officer, Fantastic Gulf Build-to-Rent. “Land development and construction activities are underway, and we expect to start home deliveries to residents in late 2023. We look forward to future investment opportunities and strengthening our relationship with Forestar.”
Daniel Bartok, Chief Executive Officer of Forestar, said, “These sites provide an brilliant opportunity to include purpose-built single-family rental housing for consumers interested in living in these communities. We are very pleased to bring Fantastic Gulf into our builder program to fulfill the growing demand for this housing option and look forward to growing our relationship.”
Fantastic Gulf’s investment strategy is primarily focused on US Sun Belt states, whose high population growth is driven by strong job growth, low tax and regulatory burdens, affordable housing, low unemployment, and warmer climates. Together with existing projects in Tampa, FL, Charleston, SC, San Antonio, TX and Dallas, TX, Fantastic Gulf’s build-to-rent portfolio is approaching 2,000 lots and homes within one year of operation.

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ORLANDO, FL – The Bascom Group, in partnership with Leste Group and East Hill Capital Partners, has bought their third deal together, a 448-unit garden style apartment community in Orlando, Florida. The Chatham Square acquisition brings the Partnership’s total investment into Florida over the past year to over $330,000,000 and 1,200 units.
Accounts managed by KKR provided the debt financing for the acquisition, and Dustin Stolly, Daniel Matz, and Daniel Morin of Newmark arranged the financing. The Newmark investment sales team of Scott Ramey, Brad Downing, Ryan Temperamental, and Paul Grant brokered the transaction. SD-Cap will provide renovation management and Cushman and Wakefield will provide the property management.
Bascom’s Tony Ferrell, Senior Principal – Operations, stated, “Chatham Square provides an exceptional value-add opportunity in the rapidly expanding Orlando market. Originally built as Disney corporate housing within the Small Lake Bryan master plot, Chatham Square offers residents spacious floorplans and abundant greenspace, characteristics that are in high demand by renters.”
Located in a premier in-fill location adjacent to Walt Disney World, Chatham Square’s proximity to Interstate 4 allows for simple access to major employment, retail, dining, and entertainment centers throughout Orlando. The property is situated within a small commute of multiple key demand drivers in South Orlando, including Walt Disney World, Lockheed Martin, SeaWorld, Universal Resort, Orlando International Airport, and 13.1 million SF of office and flex space in the South Orlando Commercial Core. Orlando continues to be an attractive destination thanks to its business-friendly environment, no state-income tax, access to major transportation networks, and high quality of life.
Chatham Square features two- and three-tale residential buildings and spacious one-, two-, three-, and four-bedroom floorplans. The property grounds provide residents a sprawling low-density feel with lush landscaping, bountiful public spaces, mature oak groves, and views of Small Lake Bryan. Chatham’s abundant amenity set includes two clubhouse areas, resort style swimming pool, fitness center, tennis court, sand volleyball court, outdoor pool table, garages, and more.
“Chatham Square’s irreplicable location and differentiated, low-density, product offering is what attracted us to this value-add multifamily investment opportunity. Located in Southwest Orlando, Chatham will benefit from being in one of the tightest housing markets in the country. We are glad to be expanding our trusted partnerships with Bascom and Leste through this transaction,” said Duff Bedrosian, Managing Partner at East Hill Capital Partners.

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AMBLER, PA – Ambler, PA is getting ready to welcome its first new apartment community in over 50 years. While the construction of the property is moving quickly, the path to this stage of the project is an incredible tale of a community coming together to bring its vision to life.
25+ years ago, Ambler was a blighted community with multiple abandoned industrial facilities. Ambler was in economic decline and was suffering from the relics of its industrial past. Through dedication and focus, members of the Ambler Borough worked diligently to attract commerce, retail, dining, arts, and culture to Ambler, transforming the town into the thriving community it is today.
Summit Realty Advisors is developing the last piece needed to complement Ambler’s revitalization – housing. In 2020, the firm broke ground on The Crossings at Ambler Station, a groundbreaking new, 114-unit apartment community. The development is under construction and will offer pet-friendly, one and two-bedroom homes ranging from 669 square feet to 1,155 square feet. “I am so grateful Summit Realty was committed to getting this project approved. It’s a testament to their unwavering dedication and vision. People are dying to come live in Ambler, but we need apartments for them. I couldn’t be more thrilled about The Crossings at Ambler Station,” said Liz Wahl Kunzier, Ambler Main Street Manager.
Each apartment will feature exquisite finishes, including stainless steel appliances, wood-plank style flooring, oversized walk-in closets, unique lighting accents, and a washer and dryer. “Being the first new apartment development in Amblerin over 50 years, we had a unique opportunity to establish a new standard for apartment living in the Borough. We wanted to make an environment that would provide our residents with a living experience unlike any other within the Ambler community,” clarified John Zaharchuk, Principal at Summit Realty Advisors.
The Crossings at Ambler Station boasts an extraordinary amenity package, unrivaled by any other project of its size. Summit Realty has left no stone unturned with the community’s stand-out offerings. From lightening the workday with access to conference spaces and Zoom Rooms to a health-club style fitness center, The Crossings at Ambler Station provides best-in-class experiences at every turn. Residents have access to numerous common areas for socializing, a bark park and pet washing station, car wash, package room, and an incredible Village Green with over 23,000 square feet of perfectly landscaped outdoor space.
Perfectly sized for a close-knit neighborhood vibe, The Crossings naturally complements the Ambler scene. Within walking distance of Ambler’s main strip, residents can pop over for locally sourced goods, boutique shopping, premier dining, or a night out. The community is conveniently located next to the Ambler Train Station if they want to head into the city.
Scully Company will professionally manage the community, handle all resident programming and customer service, and bring peace of mind with 24-hour emergency maintenance.
“We are incredibly excited to be part of this awesome new project that Ambler has needed for a long time. It’s a perfect location for development. People will be in walking distance of all Ambler has to offer, even though the community is so well plotted they may never want to leave it,” Jessica Scully, President of Scully Company, shared.

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