SAN ANTONIO, TX – Embrey, a diversified real estate investment company that owns, develops, builds, buys, and manages multifamily residential communities and commercial assets in targeted markets across the United States, announced the final closing of Embrey Horizontal Living Fund I, a $160 million discretionary equity fund to support the development of a portfolio of build-to-rent projects, an emerging and highly desirable concept in the multifamily industry.
Led by Fortune 100 institutional investors, the fund is the foundation for $500 million in build-to-rent projects that Embrey will start over the next two years. Initial developments will break ground in Texas markets in the coming months, with expansion to other Sunbelt markets to follow.
The communities are typically 200-300 units and are comprised of duplexes and townhomes with one-, two-, and three-bedroom floorplans. Units have individual yards and private garages, and the communities include amenities such as pools, clubhouses, fitness centers, dog parks, and full-service management.
“This is a major step in Embrey’s goal of expanding our fund platform,” said Garrett Karam, Embrey’s Chief Investment Officer. “We’ve invested heavily to make the team and the capabilities necessary to raise and service institutional-level funds.”
“The structure of the fund entrusts Embrey to manage the capital for maximum return,” said Karam. “That trust is based on a nearly 50-year track record of maximizing value for our investors and operating with the highest level of integrity. We appreciate the confidence our institutional and private capital partners have shown in us, and we expect those relationships to grow within our fund platform.”
Karam said Embrey sees brilliant investment opportunities for the fund and has a strong development pipeline in place.
“We expect to scale our fund platform in the coming years and are excited by the growth that lies ahead,” Karam said. “We have strong conviction that the multifamily sector will continue to produce opportunities for outsized returns, and we are focused on making investment vehicles that will enable our partners to benefit from robust growth in the sector and in our company.”

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HOUSTON, TX – Starboard Realty Advisors has recently bought the Arden Woods apartment community, a 308-unit, highly amenitized, Class A garden-style community located in Spring, Texas. John Carr, Ben Fuller, and Tonya Chaffin of Cushman & Wakefield represented the Seller.
Arden Woods offers contemporary living comprising a mix of 1-, 2-, and 3-bedroom apartments and includes stainless steel appliances, granite countertops, ceiling fans, faux-wood flooring, and in-unit washer/dryer appliances. Select units feature an attached garage. Amenities at the property include a resort-style swimming pool with pavilions, BBQ grills & a fire pit, a wooded area, a dog park, storage units, and a fitness center.
The property’s location provides simple access to everything North Houston, The Woodlands, and Conroe has to offer.
“The Arden Woods property is an brilliant investment due to the projected 16.8% population increase in the surrounding area by 2026. We look forward to the opportunity it presents our investors”, said Bill Winn, CEO of Starboard Realty Advisors.

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ATLANTA, GA – ECI Group with partner Parse Capital announces The Corwyn South Point opened the community’s onsite leasing office and welcomed the first residents who have taken occupancy. The Class A, newly developed, 260-unit project is located at 1000 Columns Drive in rapidly growing Henry County, GA. Resident go-ins started April 1st in the just-released first building, which is now 65% leased. The entire 10-building project is 20% preleased with go-ins scheduled for the second building later this month. The remaining 8 buildings are expected to be completed sequentially throughout the summer with construction completion in the third quarter. The Corwyn, a new Class A apartment brand for ECI, was developed by ECI Capital and constructed by ECI Construction.
“The Corwyn South Point has been met with extraordinary enthusiasm from people seeking a sophisticated, modern design in a walkable, neighborhood setting,” said Jimmy Baugnon, Chief Investment Officer at ECI Group. “Residents of The Corwyn can walk to over 700,000+ square feet of retail, dining, and entertainment options at South Point and are within a few minutes’ drive of I-75 and the job centers of McDonough and suburban Atlanta. ECI is excited to add to the availability of rental units within an area experiencing very high demand.”
The Corwyn South Point features spacious one-, two- and three-bedroom entertainment-friendly apartments. A state-of-the-art fitness center with a spin/yoga room, Rideshare lounge with coffee bar and a work room/business center will deliver at the same time as Building 2 later this spring.
By summer, residents will have access to a spectacular 2,000 square foot clubhouse with kitchen, a Gathering Room with a lounge, fireplace, TV and Media center with a gaming area and seating, a resort-style pool with a sun shelf and deck, outdoor seating alongside a grilling and fire pit space and a courtyard with greenspace set with lawn games and a bocce court. A dog park and pet wash station complete the amenities for residents with pets.

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