BALTIMORE, MD – HASTA Capital has bought The Zenith, a 21-tale class A+ high-rise with 191 apartment units and 6,340 feet of ground-floor retail located in the heart of downtown Baltimore.
Built in 2007, The Zenith is located next to the University of Maryland Medical Center and sits directly across the street from Oriole Park at Camden Yards, home to the Baltimore Orioles. Approximately 1/3 of the apartments at The Zenith have stadium views into the Camden Yards ballfield.
HASTA plans extensive renovations to the common areas and amenities and upgrades to the property s apartment units. The Zenith is HASTA s 7thmultifamily acquisition in the Mid-Atlantic region.
We believe the healthcare and education sectors will continue to be key drivers of US economic growth. We plot to make significant investments into the building, positioning the Zenith as the one of the premiere places to live in downtown Baltimore, said Mark Hafner, CEO of HASTA. The Zenith is a prime example of our strategy of acquiring high-quality, well-located assets and generating alpha through implementation of our operational and capital improvement strategies.
The US multifamily rental sector continued to show its resiliency during 2020, confirming it as the most attractive investment alternative in commercial real estate, said Rodrigo Suarez, COO of HASTA.

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JACKSONVILLE, FL – Florida based Main Street Residential, a southeast U.S. regional multifamily investment group, announces the buy of Belle Rive Club Apartments in Jacksonville. CBRE represented KRI Properties to transact the sale to Main Street Residential.
Belle Rive Club is a 104-unit apartment complex in the heart of Jacksonville’s most desirable multifamily submarket and located in the Southside Blvd./Butler Corridor submarket, one of the largest, and perhaps the most resilient, in Jacksonville with over 17 million square feet of Class-A office space and employing over 58,000 area residents. Jacksonville is the largest city by land area in the contiguous United States, the most populous in Florida and one of the most military-friendly in the country.
Main Street Residential Managing Partner, Todd C. Marshall, states that, “We are pleased to add Belle Rive Club to our investment portfolio. The previous owner focused capital expenditures on the exterior and common areas. With this acquisition, Main Street Residential’s value-add Signature Renovation Program will upgrade all unit interiors and enhance exterior amenities to compete with recently renovated rental properties in the submarket. The property is in a very desirable location evidenced by the ease of commute and proximity to major employers and Jacksonville’s main retail corridor.”
Mr. Marshall went on to say, “To our knowledge, all developable sites along the Butler Corridor from I-95 to the 295 Beltway are spoken for, making this an extremely valuable investment property in one of the nation’s Top 10 rent growth markets.”

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NAPLES, FL – Discovery Village at Naples invited local seniors, families and the general public to attend a commemoration and grand opening event for its Active Independent Living community.
The socially distanced ceremony was held at the community, located at 8375 Sierra Meadows Boulevard in Naples, near the corner of Rattlesnake Hammock Road and Collier Boulevard. Guests were served chef-prepared appetizers and beverages and took take private or small-group guided tours of the brand-new Active Independent Living community.
Centered around a 120,000-square-foot Grande Clubhouse, the new Discovery Village at Naples offers multiple, casual and upscale dining options including a full-service bar and lounge and available private dining for families and special events. There’s also Bailey’s Bistro & Ice Cream Parlor and an alfresco dining patio.
Outside, residents delight in a zero-entry heated pool with private cabanas, a putting and small-game practice area for golfers, and a fireplace perfect for nighttime gatherings. Amenities abound inside as well, with a luxurious and high-tech movie theater, professional beauty salon and spa with barbershop, and FitCamp, a health-club-quality fitness experience that uses the latest in senior-specific exercise equipment and individualized workout plans and support from FitCamp personal trainers.
“Guests are sure to be impressed by the beauty, newness and broad scope of our community and its amenities,” said Anthony Alongi, Executive Director, Discovery Village At Naples. “But being here, I reckon they’ll also experience firsthand the more customizable way of life, and the satisfaction and all-around value that result from it.”
Discovery Village at Naples opened and welcomed its first residents in June 2020, albeit amidst lesser fanfare due to COVID-19. Nonetheless, the new-construction community is among Naples’ newest and most innovative, even offering a proprietary resident program called FlexChoice, where a part of residents’ monthly rent becomes a credit which they’re free to use for customized services and/or experiences (e.g., dining, entertainment, wellness, housekeeping, etc.) of their choosing all month long.
Discovery Village at Naples is the newest flagship community by locally owned and operated Discovery Senior Living, whose national, multi-brand portfolio includes more than 70 communities across 15 states.

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