WESTMINSTER, CO – Township Capital and Epic Investment Services, announce the acquisition of Willowbrook Apartments, located in greater Denver, Colo. This marks the second acquisition in Epic’s U.S. Multifamily Fund I with Township Capital as a lead investor. Fund I aims to buy garden-style multifamily properties in select markets targeting strong demographics, durable employment and other value-add characteristics.
“We see significant potential for value creation at Willowbrook,” said Jeffrey Kohn, Co-CEO of Epic. “There are comprehensive renovation plans in place, which we expect will bolster operating cashflow, positioning the asset for a strong exit.”
Willowbrook consists of 95 units across four buildings and is currently 100% occupied. The complex is strategically located less than one mile away from the Westminster Light Rail Station, providing commuters quick access to Union Station in downtown Denver and connectivity to all areas of Metro Denver.
“We are proud to be a part of this deal with Epic. Township has aligned with the strategy backing Fund I and experienced the results of sourcing the right product for the fund firsthand,” said Matthew Gorelik, CEO at Township Capital. “The value creation model delivers exceptional results, which is vital to Township’s role as a lead investor in Fund I. We have sought opportunities in the multifamily sector given how resilient it has remained even while transitioning out of the pandemic.”
There are extensive value-add implementations slated to occur at Willowbrook. Nearly half of the units will be newly renovated in addition to common area amenity upgrades, in-line with what prospective tenants are demanding in the marketplace.
Earlier this year, Township participated in Epic’s U.S. Multifamily Fund I as a lead investor with $60 million of equity commitments.

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JACKSONVILLE, FL – Robbins Property Associates, a Tampa-based vertically integrated multifamily owner and operator, has bought the SoBA Luxury Apartments, one of Jacksonville’s ;newest downtown residential developments. Robbins Property Associates bought the property from Atlanta-based Catalyst Development Partners.
The four-tale boutique residential community is located on the Southbank in the rapidly expanding downtown submarket of Jacksonville (urban core). The property’s downtown location offers residents a luxury city lifestyle in a walkable neighborhood. Located within walking distance from San Marco Square, SoBA is positioned near highly desirable dining, shopping, and entertainment. The central downtown location also gives direct access to Jacksonville’s finest medical institutions, thriving art scene, and bustling Central Business District.
“We started refocusing on Jacksonville as a target market in early 2020 and are excited to re-establish a presence in the city. The timing was ideal as Jacksonville quickly tightened both in terms of occupancy and rent growth emerging from the pandemic, and we plot to continue our expansion in the market,” said Neal Herman, Managing Director of Investments at RPA.
The 147-unit project was completed in 2020 and offers one-, two-, and three-bedroom apartment homes with open-concept floor plans. The units feature sophisticated finishes that include gourmet kitchens with granite countertops and stainless-steel appliances, walk-in closets, and patios with gorgeous city views.
Residents delight in a luxury-grade amenity package consisting of a stunning resort-style pool with in-water lounge chairs, a state-of-the-art 24-hour fitness club, and an outdoor yoga garden. Additional outdoor amenities include an open-air game lounge, a summer kitchen with gas grill stations and community-style dining, and an outdoor lounge adorned with market lights and a gas fire pit. As a pet-friendly community, SoBA offers an indoor self-service grooming spa for four-legged residents.
The community also showcases a grand clubroom with a Starbucks beverage café, game room, and business lounge. SoBA’s business lounge and co-working spaces become a hub of creativity while promoting comfortable nooks and a private meeting room to maximize productivity.
“SoBA’s residents will really appreciate the walkability to both San Marco and downtown Jacksonville’s riverfront,” said Kristi King, COO at RPA. “SoBA provides a boutique-style community with high-end interior end and amenities in direct proximity to healthcare jobs and an established retail and restaurant hub.”

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ATLANTA, GA – Triumph Properties bought Sugarloaf Grove, a 194-unit apartment community built in 2020, located in Lawrenceville, GA. This was an off-market acquisition that Triumph was able to take advantage of due to their ability to go quickly with an offer, due diligence, and closing. Triumph closed all-cash with no loan, for a total buy price of $50,440,000.
The property offers state of the art amenities, including a poolside gym with roll up doors, a large Baja shelf in the pool, and a bark bar for residents to interact while spending time with their pets. Select units also feature large, fenced-in backyards with wooded views.
In May 2021, Triumph Properties formed a JV Partnership with GMF Capital to buy Azalea at West Melbourne, a 316-unit apartment community built in 2020, located in Melbourne, FL. The Property offers large units, home-like finishes, and a resort style list of amenities, including two on-site lakes. Due to its strategic location, Azalea at West Melbourne is poised to take advantage of the growing aerospace and defense contracting boom that has been a driving force behind the economy.
Additionally, Triumph Properties bought Main Street Lofts at Verrado, a 45-unit apartment community, that is part of a mixed-use development forming the heart of downtown Verrado in Phoenix, AZ. The property was bought in July 2021 for $10,500,000 all-cash, as an off-market transaction, with Berkadia representing Triumph Properties.
Built in 2004, the units offer unique floorplans, with select units featuring loft layouts, expansive ceilings, and spacious floor plans. The property is central to the immaculate master plotted Verrado Community. It sits above desirable retail, restaurants, grocery stores, and is steps away from the impressive Center on Main, featuring Verrado’s large community gym, pool, and recreation facilities. Triumph intends to make interior unit improvements and elevate the residents’ living experience.
These three acquisitions fulfill Triumph Properties’ strategy of acquiring newer assets at a favorable basis and cap rate, compared to older value add deals. Triumph is looking to buy another $150 million of suburban, garden apartments that are currently in lease up or finishing construction. Land acquisition for development, and JV development opportunities are also part of Triumph’s near-term investment strategy. Target markets include Phoenix, Denver, Salt Lake City, Atlanta, Tampa, Charlotte, Raleigh/Durham, Nashville, and Las Vegas.

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