POMPANO BEACH, FL – Grover Corlew, a real estate investment management group focused on acquiring, transforming and managing office, multifamily and retail properties across the southeastern U.S., has announced plans for a new portfolio of multifamily residences under the brand name of Mayla Residences.
Grover Corlew secured $78.2 million in financing from PNC Bank, NA for the construction of the first property under the Mayla Residences umbrella, Mayla Pompano, which will break ground in February at 2335 and 2401 E. Atlantic Blvd. in Pompano Beach.
Mayla Residences set a high standard for luxury multifamily residences in prime locations that promote walkability. The contemporary residences are designed to maximize beauty and function with generous interior features. Residents also will delight in access to lifestyle-oriented amenities and ample parking.
With Mayla Residences, we are dedicated to perfecting the multifamily living experience with refined luxuries, unanticipated conveniences and spaces with local personality and flare, said partner Anuj Grover. We have identified properties that are conveniently located and that meet the lifestyle needs of its discerning residents.
Mayla Residences will be built in markets throughout South Florida and beyond and mirror the personality of the local communities where they are located while also bringing an elevated quality of living to residents.
The goal is to make more connected, pedestrian-friendly communities, where people can live, work and play, added Grover.
The two-building, Class A 355-unit Mayla Pompano is designed with superior craftsmanship and style and brings the tropical atmosphere of the city indoors, showcasing highly textured natural materials, unique dark and light wood tones mixed with serene blue hues. Open floorplans range in size from studio to three-bedroom layouts, ranging from 548 to 1,383 sq. ft.
We are extremely excited about Mayla Pompano, said Nguyen Tran, Pompano Beach Community Redevelopment Agency Director (CRA). The CRA was intimately involved to help get this project off the ground which includes 53 units of workforce housing. Due to the lack of signature projects of this size in the immediate area, the spin-off impacts due to the spending of the residents will make an economic boost to the surrounding businesses, generate new developments, increase demand for more commercial space, and provide additional employment opportunities. This is what CRAs are all about and why we got involved.
Features within each residence will include spa-inspired bathrooms with soaking tubs, frameless shower enclosures, back-lit vanity mirrors; quartz countertops, high-end cabinetry with under cabinet lights, stainless steel appliances, bottom mount sinks, built-in microwaves, glass cooktops, and full height tile backsplashes in the kitchen; walk-in closets with high-end shelving; private balconies; hurricane impact windows; and washer and dryers in each residence.
Residents of Mayla Pompano will have exclusive access to a two-tale clubroom; co-workspaces; a TV lounge; a 24/7 state-of-the-art fitness Center and yoga-aerobics room; resort-style pools with cabanas; outdoor kitchens with seating at both buildings; a pedestrian bridge between buildings; a dog spa; bicycle storage and repair station; ample garage parking; storage cages; and interior mailrooms and package rooms.
We are thrilled to build for Grover Corlew as they realize their vision of making upscale multifamily residences in Pompano Beach,” said Rex Kirby, Chief Executive Officer and founder of Verdex Construction. “Mayla Pompano will add a new layer of vibrancy to the city.”
Mayla Pompano is part of a transformation in Pompano Beach as businesses, retail centers and entertainment venues continue to go in along the East Atlantic Boulevard corridor. Mayla Pompano will make an estimated 600 jobs and also increase demand for surrounding businesses which will have a lasting economic impact on the city.
Mayla Pompano will reinvigorate the nearly three acres of underutilized parking lots behind Grover Corlew s 2401 Atlantic and 2335 Atlantic office buildings. Plans include 60,000 sq. ft. of retail space on the ground floor of Mayla Pompano, wrapped parking to minimize traffic impact and the addition of a pedestrian plaza to activate the retail corridor, enhance walkability and increase connectivity to the beach. Through extensive interior and exterior renovations, Grover Corlew will integrate its two existing office properties on Atlantic Boulevard to mirror the look and feel of Mayla Pompano.
Completion of Mayla Pompano is expected by July of 2023.
We ve spent the past 25 years focused on transformations, and beginning early on, Grover Corlew successfully bought, revitalized and repositioned thousands of multifamily units in Nashville and Tampa before turning our attention to suburban office and retail revitalization and development, said partner Mark Corlew. Ground-up multifamily development is a next logical step for us as we start to reimagine underutilized properties and land in our current portfolio. We re excited to bring high quality living to cities like Pompano Beach that are attracting new businesses on a daily basis.

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ORLANDO, FL – JLL’s Capital Markets group announced that it secured a $318.45 million acquisition loan for a six-property, 1,494-unit multi-housing portfolio located across Maryland, Virginia and Alabama.
JLL represented the borrower, Carter Multifamily, to secure the floating-rate, non-recourse bridge loan through J.P. Morgan Chase Bank that will facilitate a Single Asset Single Borrower (SASB) securitization, which is a single-loan large enough to make its own pool for securitization.
The multi-housing portfolio consists of: Park at Kingsview Village, 13414 Daventry Way, Germantown, Maryland; Stonecreek Club, 12840 Locbury Circle, Germantown, Maryland; Hunt Club, 404 Christopher Ave., Gaithersburg, Maryland; Springwoods at Lake Ridge, 12395 Midsummer Ln., Woodbridge, Virginia; Windsor Park. 3937 Penshurst Ln., Woodbridge, Virginia; and Oaks of St. Clair, 5050 Oaks of St. Clair Circle, Temperamental, Alabama.
Featuring garden-style construction with competitive amenities, the overall portfolio benefits from the surging demand for workforce housing.
Five of the properties are in the Washington, D.C. suburbs, providing tenants access to the quick-growing job market in and around the District. The 326-unit Park at Kingsview Village, the 240-unit Stonecreek Club and the 336-unit Hunt Club are set in Germantown and Gaithersburg, Maryland, respectively, which are northwestern suburbs along Interstate 270. The 220-unit Windsor Park and the 180-unit Springwoods at Lake Ridge are both within Woodbridge, Virginia, a southern suburb approximately 23 miles from downtown Washington, D.C. Located in the growing Birmingham, Alabama MSA, the 192-unit Oaks of St. Clair is positioned in Temperamental, Alabama, approximately 20 miles east of downtown Birmingham.
JLL’s Capital Markets Debt Advisory team that represented the borrower was led by Senior Managing Directors Melissa Marcolini Quinn and Lee Weaver, Director Drew Jennewein, Vice President Rob Rothaug and Associates Emily Moallem and Cody Mizelle.
“This portfolio acquisition featured multiple sellers and a compressed timeframe, with less than 30 days from signed term sheet to closing,” Quinn said. “The team at JP Morgan was able to provide an attractive, small-term, balance sheet financing option, which is ideal for the plotted SASB take out.”
“We were able to meet the closing deadline through hard work and significant cooperation among our teams,” Weaver added. “The borrower team at Carter Multifamily has a track record of adding value to multi-housing assets, and they were fantastic to work with on this acquisition, which will be a terrific addition to their portfolio.”

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KANSAS CITY, MO – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced the acquisition of a Class A, 237-unit multifamily community in Olathe, a city within the Kansas City metropolitan area. The community was bought on behalf of CS1031 Villas at Ridgeview Falls Apartments, DST.
“Villas at Ridgeview Falls is the next in the line of highly-amenitized, newly constructed, Class A apartment communities bought by Capital Square for the 1031/DST program,” said Louis Rogers founder and chief executive officer of Capital Square. “Capital Square was drawn to the location of this property – Olathe, the seat of Johnson County, 20 miles southwest of Kansas City, where the economy is strong, with 4.4% job growth and a 3.5% unemployment rate as of September 2021.1 The property should provide investors with stable income during the holding period and exceptional appreciation potential.”
Located at 11835 S. Fellows St., the community is located in the southwest corner of the Kansas City, MO-KS Metropolitan Statistical Area. The property’s location near major highways and interstates provides residents with convenient access to Kansas City employment centers. Additionally, Villas at Ridgeview Falls is located within walking distance of many convenience and grocery stores, as well as dining options.
Completed in 2020, the community offers spacious one- and two-bedroom units with top-of-the-line finishes and an average square footage of 1,046 square feet.
Amenities at the community include a resort-style saltwater pool, an in-pool tanning deck, a poolside television and lounge, poolside pergola, lounge area with a fireplace, rooftop retreat, golf green, yoga area, walking trail with outdoor fitness equipment and 24-hour fitness center with a yoga studio. Additional amenities include an indoor mail room, a media room, gourmet coffee and tea bar, cybercafé, social lounge, guest suite, garages and carports as well as a pet spa.
“The proximity to grocery stores and dining options, as well as Kansas City employment centers, coupled with its top-of-the-line features, make this community an ideal investment property for our growing portfolio of multifamily properties,” said Whitson Huffman, chief strategy and investment officer. “The submarket has ideal fundamentals that match exceptionally well with Capital Square’s multifamily acquisition criteria. For example, the population within a five-mile radius of the property is projected to increase 4.4% in five years and the average annual rent growth in the submarket is projected to grow 3.78% from 2021 to 2026.

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