ATLANTA, GA – 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 newly constructed multifamily community in Acworth, Cherokee County, within Metro Atlanta. The 339-unit multifamily community was bought on behalf of CS1031 The Quincy Apartments, DST.
“The Quincy is a Class A+, 339-unit apartment community in Cherokee County, within Metro Atlanta,” said Louis Rogers, founder and chief executive officer of Capital Square. “Cherokee County reported the second-highest population growth among all of the counties in the Atlanta-Sandy Springs-Roswell, GA MSA between the 2010 Census and the 2020 Census. Completed in 2021, the property’s initial lease-up was completed in only eight months, demonstrating exceptionally strong demand due to strong employment growth and proximity to Interstate 575 with new express lanes for quicker commutes throughout Metro Atlanta.”
Located at 900 Buice Lake Parkway, the community is situated on 17.71 acres of land. The Quincy features one-, two- and three-bedroom floorplans with an average unit size of 1,023 square feet.
Residents at The Quincy benefit from the community’s location in the Atlanta-Sandy Springs-Roswell, GA Metropolitan Statistical Area. The area offers convenient access to numerous recreational opportunities, retail services and employment opportunities including downtown Woodstock and Lake Allatoona.
The Quincy is approximately 19 miles from the 28-million-square-foot Cumberland/Galleria office submarket. The submarket is home to the headquarters of Home Depot, Comcast, HD Supply, Genuine Parts and Synovus Financial. Additionally, new headquarters for TK Elevator and Papa John’s have recently been delivered to the area.
Community amenities include a swimming pool with a tanning shelf and gas grilling station, a covered patio with natural gas fireplace and a resident lounge with television, surround sound and Wi-Fi. Additional amenities include a state-of-the-art fitness center with cardio and strength-training equipment, conference space with individual work rooms, lawn/event space with outdoor seating, a dog park, a mail center room with package delivery lockers as well as for-rent garage parking and storage units.
RangeWater Real Estate will continue to professionally manage The Quincy on behalf of Capital Square.

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NEW YORK, NY – Oakwood, the internationally renowned hospitality brand, announced the debut of Oakwood Living, a new portfolio offering that delivers on multifamily living in the post-pandemic world with a focus on extended-stay accommodations, select services and amenities that allow residents to live like a local.
Built on the belief that excellent living can be achieved with the freedom to live life on one’s own terms, Oakwood Living allows guests to live well in an environment that enables them to care for themselves and their environment, while staying rooted in a excellent community.
With facilities targeted at young families and professionals, whom apart from seeking a convenient address perfectly positioned for both work and play within a community, also want long term leases with flexible terms, Oakwood Living offers up the perfect balance to live well with the option to work remotely or simply experience or explore a new destination. Located in Dallas, Texas; Raleigh, North Carolina; Los Angeles and Redwood City, California; residents can choose from a number of unfurnished residential options situated in engaging communities that offer key amenities including a dedicated resident’s lounge, outdoor BBQ, spacious fitness centers, as well as tech-enabled lifestyle services through Hello, Alfred, an app that provides residents with regular events and experiences that support their lifestyles.
Taking inspiration from the organic shape of roots and a location map indicator, the new brand spots a representative logo that visually tells of its tale, in earthy colors of leave and tree that support the call for residents to stay rooted with an Oakwood Living property.
“At Oakwood, we have identified a rising opportunity to augment our positioning in the unfurnished multifamily accommodation sector with long-term lease options that still allow for flexibility. Oakwood Living signifies our dedication to the U.S. market and is a milestone moment in our portfolio’s growth,” said Dean Schreiber, chief executive officer of Oakwood. “We’ve strategically selected our inaugural locations where open palettes are extended to our future residents in the heart of active communities. Not only will they be able to make a personal space that truly inspires, we hope that it will also allow them to live authentically like a local.”
Oakwood Living locations offer a variety of amenities to deliver on their lifestyle commitment to residents including a dedicated pet run, built-in kitchens, in-unit washer and dryers, communal recreational facilities to foster connection, 24/7 package locker access, dedicated lounge with workspaces and more. Each Oakwood Living location offers a tight-knit sense of community, redefining multifamily living.

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KING OF PRUSSIA, PA -Morgan Properties, the nation’s largest private multifamily owner, announced it has bought two portfolios totaling 18 apartment communities and 4,724 units in four states: Georgia, Florida, North Carolina, and South Carolina. Morgan Properties bought the Middle Street Partners (MSP) and Northland portfolios for a combined $780.5 million. With the addition of these new communities, Morgan Properties now owns and operates 10,540 units throughout the Sunbelt region, and 95,000 units nationwide.
These two portfolio acquisitions come just months after our monumental $1.75B North Star transaction, making 2021 another significant year in Morgan Properties three-decade growth tale, said Jonathan Morgan, President of Morgan Properties JV. Since 2012 alone, we have bought more than $9 billion of assets and over 75,000 units, strengthening our reputation as one of the fastest-growing multifamily owners/operators. As we inch closer to becoming the largest in the nation, we ll continue to prioritize opportunities to expand our presence in key markets like the Sunbelt, retain and make jobs, and enhance the overall living experience for the thousands of residents who call Morgan Properties home.
The MSP Portfolio spans Georgia, Florida, North Carolina, and South Carolina. Its 15 apartment communities totaling 4,102 units offer a mix of Class B workforce and Class A upscale units with a concentration of units in the Columbia, SC; Fayetteville, NC; Jacksonville, FL; Augusta, GA; Greenville, SC; and Charlotte, NC markets.
The Northland Portfolio is focused in West Palm Beach, FL and consists of three garden-style apartment communities totaling 622 units. Royal St. George (224 units), Village Place (202 units), and Windward at the Villages (196 units) are within walking distance of each other and provide convenient access to many of the areas primary shopping, golf, and dining options.
The Sunbelt region is booming right now, and these two portfolios presented a tremendous opportunity for us to increase our footprint in states that are undergoing high population and employment growth, says Jason Morgan, Principal of Morgan Properties. As a company, we continue to play offense and proactively seek large portfolios that allow operational efficiencies and economies of scale. These new portfolios based in some of the most in-demand multifamily markets in the country enable us to further expand our best-in-class, Class B workforce housing platform while also diversifying our expertise with the inclusion of several newer Class A communities.
Morgan Properties plans to do a $47.5 million value-add repositioning strategy throughout both portfolios that includes washer and dryer installations; kitchen upgrades such as new backsplashes, granite countertops, and stainless-steel appliances; Amazon Hub package rooms; bike-share programs; new fitness equipment; upgraded outdoor amenity spaces with grills, new furniture, and fireplaces; and more. Through a combination of existing positions and newly made roles, Morgan Properties will be adding more than 90 new employees from the portfolio of bought properties, driving their total employee count to over 2,600 nationwide.

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