CHARLOTTE, NC – Sherman Residential bought Elan Research Park, a Class A multifamily property in Charlotte, North Carolina, and renamed it Axis at the Park. Axis at The Park is a 348-unit luxury apartment community built in 2023 located in a dynamic suburban location.
The asset sits outside of the University (UNC Charlotte) submarket and at the footsteps of Research Park, which has 11 million square feet of office space that includes Wells Fargo, Vanguard, TIAA and Atrium health.
Axis at the Park’s garden-style property and its resident-focused amenities deliver: Studio to three-bedroom apartments reaching nearly 1,500 square feet; Two-tale townhomes with attached garages; Luxury finishes, such as quartz countertops and matte black fixtures; Unique amenities for the area, including a pickleball court, two gated dog parks, and a resort-style swimming pool with designated lap lanes; Modern spaces available for work and study with both private offices and group work booths; An urban oasis with multiple outdoor lounges, fireplaces, and green spaces along the tree line; and Conveniences like three Level 2 EV chargers, in-unit washers and dryers, 24-hour fitness center and flex workspaces, and private garages.
We’re excited to return to North Carolina after the successful sale of a Charlotte asset earlier this year. Axis at the Park’s modern design and desirable submarket will make it a fantastic addition to the Sherman portfolio.
Sherman Residential has been in the real estate business for over 100 years and currently owns assets in five states. The family-owned company is headquartered in north suburban Chicago.

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SCOTTSDALE, AZ – Goodman Real Estate (GRE), a leading Seattle-based real estate investment firm, announced its acquisition of a premier luxury apartment community in Scottsdale, Arizona. The 119-unit property was bought in a significant transaction The acquisition of this generational asset highlights the high barrier to entry in the coveted Ancient Town Scottsdale market, reinforcing our position while emphasizing the exceptional value and desirability of multifamily properties in the region.
The acquisition marks a strategic expansion for Goodman Real Estate within the thriving Arizona market. Known for its portfolio of high-quality, well-located multifamily properties, GRE’s buy of this prominent Scottsdale community highlights its commitment to investing in high-growth areas.
Nestled in the heart of Main Street in Downtown Scottsdale, Scottsdale on Main is ideally situated, offering residents exceptional amenities and immediate access to the vibrant culture, dining, and retail of the surrounding Scottsdale area. The property features an exceptional selection of resort-inspired amenities, including an expansive outdoor kitchen and lounge perfect for entertaining, an expansive fitness center, year-round outdoor pool, and more—capturing the essence of luxurious Scottsdale living. Goodman Real Estate is committed to enhancing the community further by introducing a luxurious sauna and spa as part of plotted renovations and upgrades in the coming months.
“Scottsdale on Main is a perfect fit for our vision—well-located, amenity-rich, and full of potential. We’re proud to bring the Goodman standard of excellence to this dynamic community,” said Kelli Jo Norris, President of Goodman Real Estate.
This transaction reinforces the strength of the luxury multifamily market in Scottsdale, which continues to attract discerning residents and savvy investors. Goodman Real Estate is recognized for its hands-on management approach and its focus on enhancing the resident experience through thoughtful capital improvements and operational excellence.
The addition of this asset strengthens Goodman Real Estate’s presence in the Southwest and aligns with its long-term strategy of acquiring premier properties in key metropolitan markets. The firm’s expertise in property management and value-add investment strategies will ensure the community continues to deliver an exceptional standard of living.
“This community is a remarkable addition to our expanding portfolio in the Arizona market. We are excited to continue exploring strategic investment and growth opportunities in the region, reinforcing our commitment to being an integral part of this thriving and dynamic community,” said John Goodman, Founder of Goodman Real Estate.
This sale underscores the strength and resilience of the Greater Phoenix housing market, highlighting its strategic positioning for sustained growth. As the region continues to attract forward-thinking investors, it reinforces a commitment to supporting local communities and fostering their ongoing development and growth.

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CLEVELAND, OH – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the grand opening of The Collins, a 316-unit luxury community on the Scranton Peninsula in Cleveland, Ohio. The development has transformed a long-underutilized waterfront site into a vibrant new neighborhood, adding modern housing, open space and direct access to downtown Cleveland, Tremont and Ohio City.
Just steps from the Cuyahoga River and a small drive to downtown Cleveland, The Collins offers highly amenitized residences designed for a wide range of residents. The project responds to the city s growing need for high-quality, modern housing while activating a key part of the Scranton Peninsula.
The Collins demonstrates what is possible when you invest in Cleveland, said Aaron Pechota, Executive Vice President at The NRP Group. As a Cleveland-based company, we are proud to support the city s growth by reimagining this long-underutilized stretch of the Scranton Peninsula into a vibrant, well-connected neighborhood closely tied to downtown and everything that makes this city special. By leading early investment in this rediscovered area, we are bringing new energy and opportunity to one of Cleveland s most central neighborhoods.
Located at 1957 Carter Road, The Collins is close to major employers and medical centers including Cleveland Clinic, University Hospitals and MetroHealth, along with cultural and dining destinations such as the West Side Market, Fantastic Lakes Brewing and Irish Town Bend.
Designed by BKV Group, The Collins spans over seven acres and comprises two five-tale apartment buildings and three townhome buildings. Apartments range from studios to three-bedroom layouts. Townhomes include private entry, rooftop balconies and two-car garages. All homes are designed with high-quality finishes such as stainless-steel GE appliances, polished quartz countertops, modern cabinetry and luxury vinyl plank flooring.
Indoor amenities include a state-of-the-art fitness center, resident clubhouse, conference room, private breakout pods and a pet spa. A fifth-floor lounge provides sweeping views of the river and city skyline. Outdoor amenities emphasize connection and community. The Collins features a resort-style pool, firepits, grilling stations and a woonerf-inspired plaza designed for events, food trucks and neighborhood gatherings. Wide walkways prioritize pedestrians and connect directly to the Towpath Trail, with free onsite bike rentals available for residents to ride the trail to Irish Town Bend, Ohio City and downtown Cleveland.
Dollar Bank is proud to support a project that reimagines what urban living can look like in Cleveland, said Bill Elliott, Executive Vice President and Regional Lending Director at Dollar Bank. Financing developments like The Collins allows us to channel capital into projects that make long-term local value by adding housing, green space and connectivity that strengthen neighborhoods and help drive Cleveland s economic future.
Dollar Bank served as the construction lender. The Ohio Department of Development provided critical funds through its Brownfield Remediation and State Opportunity Zone Programs. The Ohio Water Development Authority provided gap financing as well. The City of Cleveland also provided tax abatement and Tax Increment Financing (TIF). All were crucial in achieving a successful project.

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