MARIETTA, GA – TerraCap Management, a privately held investment firm with its headquarters in Naples, Florida, announced the acquisition of Crestmont Residences, a 228-unit Class-C apartment complex located in Marietta, GA, a northeastern suburb of Atlanta. The property was built in 1987 and features one, and two-bedroom units. On-site amenities include a pool, business center, dog park, grilling stations and playground.
Steve Hagenbuckle, TerraCap Managing Principal, said, “Crestmont models well with our thesis and investment strategies. We find this property to be well located with fantastic attributes. Taking this asset to its next level of potential will be exciting for the TerraCap team. We appreciate the seller and the trust they had in us to do on time and without incident. We will do our best to make the right enhancements in the right areas.”
Crestmont Residences is located in the Kennesaw submarket, which has seen some of its fastest population growth within the last year and has compressed vacancies. TerraCap plans to reposition the property and capture this rent growth through several capital projects, including a renovation program on the unit interiors.
“After exiting several properties in Cobb County earlier this year, we are excited to become property owners again in one of the most dynamic suburbs of Atlanta,” said Robert Witt, TerraCap Asset Manager. “We are keen to get started on the plotted capital projects for the property, which we believe will enhance the overall curb appeal. The fresh new look of the property, organic rent growth, and the population growth happening in the market are the pillars of why we reckon that this property will meet our expectations.”
Kevin Geiger of CBRE represented the seller in the disposition. First Communities Management was hired by TerraCap as property manager.

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DENVER, CO – Embrey Partners closed on its land buy for The Finch, a 370-unit multifamily residential community located in Denver’s Golden Triangle Creative District, a vibrant, creative, cultural and civic center in downtown.
In 2018, the New York Times named the Golden Triangle Creative District as one of the best places to visit in the United States describing it as “a new art epicenter” noted for its “high-caliber museums” and its “inspirational, creative atmosphere.”
“Embrey is nationally recognized as a high-end designer and builder of premier multifamily communities and the living experience we bring to this project fits perfectly into Denver’s Golden Triangle Creative District,” said Jimmy McCloskey, Embrey’s Executive Vice President for Development. “We are delighted to become part of this community.”
Embrey, known for its attention to detail, has left no detail undesigned. The residential living spaces will offer 9- and 10-foot high ceilings, inviting kitchens with quartz countertops and stainless steel kitchen appliances, and select units will offer bathrooms with soaking tubs and walk-in showers.
Plotted amenities for the project include a seventh-level deck with breathtaking views of downtown and the Colorado Rocky Mountains, a spacious clubroom with micro-offices and, WiFi lounge, pool and spa with an adjacent indoor/outdoor lounge, fitness and yoga center, Speakeasy, and a dog park and spa for furry companions.
Construction is expected to start in the first quarter of 2022. The clubhouse and first units will be available for occupancy in 2024.

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NASHVILLE, TN – West Shore LLC, a multifamily real estate investment firm, announces its expansion into a new market with the acquisition of The Pointe at Five Oaks, a new construction luxury apartment community situated on 29 acres of rolling countryside in Lebanon, Tennessee. This is West Shore’s third property in Tennessee, adding to its two properties in Knoxville.
“We are pleased to expand our portfolio in Tennessee in the growing and exciting Nashville market,” said Steven P. Rosenthal, Chairman of West Shore. “The Pointe at Five Oaks is a terrific property that sits just outside Music City in Lebanon, giving residents an exceptional living experience with simple access to the city.”
The Pointe at Five Oaks community offers custom one-bedroom and two-bedroom floor plans with loft apartment options, some with attached private garages. The 312 apartment homes are perfectly designed with quality finishes, gourmet kitchens, and stainless-steel appliances, with each unit featuring a private outdoor patio or balcony.
The complex offers an unparalleled selection of amenities in a dynamic location, including two state-of-the-art fitness facilities and an expansive clubhouse and business center. Outdoor grilling stations with alfresco dining areas and fire pits all overlook the resort-like saltwater pool.
“The Pointe of Five Oaks is strategically located and well positioned to benefit from the significant job drivers and positive momentum in the market,” said West Shore President, Lee Rosenthal. “We are proud to add this luxury community to the West Shore portfolio and look forward to future opportunities to expand further in Tennessee.”

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