ATLANTA, GA – ECI Group (ECI) has closed on a development site at the intersection of Courtesy Parkway and Ancient Covington Highway in Conyers, GA and will start construction in January 2022 on a 300-unit apartment community, The Corwyn at Conyers, in the rapidly growing Rockdale and Newton County submarkets of Atlanta, GA.
Construction financing was provided by Wells Fargo Bank, N.A and joint venture equity financing was provided by The Griffin Fund. ECI expects to deliver first units in July 2023 with completion in January 2024.
“Corwyn at Conyers will be the first new apartments in the Conyers market in 20 years,” said James Baugnon, President and CIO at ECI. “Driven by explosive job growth, as demonstrated last week by Rivian Automotive’s announcement of a multi-billion dollar EV vehicle-assembly and battery plant to be located in the I-20 East Corridor, this Class A apartment project with modern finishes and resort style amenities will be a welcome addition to the more dated inventory of rental options in this market today.”
Corwyn at Conyers will have immediate proximity to I-20 as well as over one million square feet of retail, restaurants, hotels, shopping and service amenities.

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DALLAS, TX – Noel Management Company announced the acquisition of The Avenues at Carrollton, a 268-unit, garden-style apartment community in Carrollton, Texas. The property, completed in 2015, is comprised of eight three tale residential buildings.
The Avenues at Carrollton offers eight distinct floor plans with an impressive selection of one, two, and three-bedroom apartments. Residents can currently delight in a generous suite of amenities including designer kitchens with granite countertops, full-size washer and dryers, walk-in closets, and private patios or balconies. The well-appointed apartment homes also include stainless appliances, gorgeous wood-style flooring, and lofty nine-foot ceilings. Every apartment is designed to allow one s personal style to shine through with fashionable touches and customized features that set the gold standard for contemporary apartment living.
The community also boasts a resort-inspired saltwater swimming pool, outdoor grilling stations, sundeck, and poolside Wi-Fi access. Residents can take advantage of the business lounge with high-speed Internet access, modern fitness center with professional equipment, and the gourmet Starbucks Coffee bar, which is a fantastic spot for socializing or wrapping up some work over the weekend. From scenic lush landscaping to quick access to the Dallas-Fort Worth area, The Avenues at Carrollton takes special care of resident needs with sophisticated luxury and modern style that go hand-in-hand.
The community will undergo an extensive $1.5 million upgrade to the building exterior as well as to its individual apartment units. Plotted upgrades include the installation of a robust technology package, including USB ports, Nest thermostats, smart door locks, and an Alexa integration. The community will also add an outdoor fireplace, upgrade its landscaping to include more green space, and paint the entire exterior of the building to enhance the overall curb appeal of the property.
“We are excited to expand our footprint with the acquisition of The Avenues at Carrollton. This highly attractive area in a prime market provides our residents with unparalleled accessibility to major employers, retailers, nationally ranked schools, key regional suburbs, and Downtown Dallas. We are very enthusiastic about the plotted improvements to the community and projected return on our investment, stated Lenny Licht, CEO of Noel Management.
Located in the heart of the Dallas-Fort Worth area, Carrollton provides its residents with a comfortable, suburban way of life with close proximity to all the attractions and amenities of Downtown Dallas. With a prime location and a comprehensive amenities list that will be expanded through a community-wide upgrade, The Avenues at Carrollton has undoubtedly become the preferred apartment community for today s modern renter.

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DURANGO, CO – Olympus Property announced the successful acquisition of the Rocket Pointe apartments, a 194-unit garden style Class-A multifamily property in Durango, Colorado.
Durango is a scenic, resort-style market located in Southwest Colorado. The community is home to a diverse group of residents – from world class physicians at Durango’s medical centers, small-business owners & entrepreneurs, professional outdoor athletes, to remote employees relocating from costal city centers. Residents and visitors delight in an abundant offering of outdoor activities from hiking, camping, skiing/snowboarding, fishing, whitewater rafting, hunting, horseback riding, mountain biking, rock climbing, and more.
“The Durango market is experiencing a large influx of people moving from larger cities. The population influx in conjunction with the high barrier-to-entry for new apartments has led Durango to be one of the top markets in the nation in terms of rent growth this past year.” said John Vu, Olympus Acquisitions Manager.
Completed in 2019, Rocket Pointe is one of only two market-rate multifamily communities constructed in Durango in the last 20 years. The property offers best-in-class amenities with a resort-style heated swimming pool, fitness center, community kitchen, bike repair station, ski/snowboard waxing room, and breezeway access garages. Units feature granite countertops, stainless steel appliances, and designer finishes.
“Rocket Pointe is an opportunity for our company to expand into a prestigious, supply-constrained new market with a strong fundamental tale. The asset is in a flourishing community with plenty of long-term upside for our firm and our partners,” said Chase Bennett, Olympus Managing Director.

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