JACKSON, MS – Carter Multifamily announced its acquisition of the 392-unit The Reserve of Byram for approximately $46.4 million.
Built in two phases in 2000 and 2006, The Reserve of Byram apartment community is well located in Byram, Mississippi on 33.24 acres of land near the area’s top shopping, dining, entertainment and recreational activities. The community features spacious one, two and three-bedroom floorplan options with modern amenities.
In addition to its thoughtfully designed apartment homes, The Reserve at Byram offers gated entry, a resort-style pool and spa with a sundeck, outdoor grilling areas, a billiards room, a fitness center, a clubhouse, and an on-site car wash facility. Residents also delight in The Reserve at Byram’s close proximity to the area’s top employers and convenient access to downtown Jackson, Mississippi via Interstate 55.
“The high-quality features and location of this property, along with our ‘management improvement’ strategy, enables us to deliver a desirable community for residents of this growing area at an attractive price point,” said Ray Hutchinson, chief investment officer of Carter Multifamily. “We are excited about the strong rental performance of this market, which has fared well during the pandemic, and the upgrades we have plotted to enhance the resident experience at The Reserve of Byram.”
Carter Multifamily intends to do a substantive value-add strategy by enhancing the amenity package, completing interior and exterior upgrades, and by implementing institutionally based property management best practices.

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TUSTIN, CA – The REMM Group started 2021 by adding two new multifamily communities to their management portfolio. Paradise Gardens Apartment Homes, a 318 multifamily community in Long Beach and Towne Centre at Orange, with 135 units in Orange, California. Both joined The REMM Group on January 1st.
Christine Dales, The REMM Group COO, said, “The COVID-19 pandemic made tremendous difficulties for multifamily management. Property owners weigh heavily how a company has dealt with these challenges in selecting management. The REMM Group adjusted rapidly, adapted, and worked hard to keep everyone up to date. We are proud that these two outstanding properties recognized that, selecting The REMM Group.”
Sara D’Elia, CEO of The REMM Group added, “Personalized attention from senior management is the niche advantage our regional company offers. That direct attention by the most experienced talent in our company gives us agile leadership to respond to COVID 19. It’s hard for national companies to match that. More and more commercial property owners recognize that Southern California has unique challenges. It takes in-depth local and regional knowledge to manage at the highest level.”
Paradise Gardens Apartment Homes offers studio, one-bedroom, one-bath and two-bedroom, two-bath units ranging from 365 to 898 square feet. Community amenities include an Olympic sized swimming pool, fitness center, yoga studio, luxurious spas, off-street parking, basketball, and tennis courts.
Towne Centre at Orange is a multifamily community that offers residents three pools with cabanas, double pane windows and covered parking with storage. Many of the apartments include newer cabinets, granite countertops and stainless-steel appliances.
D’Elia said, “I know these two new properties will benefit from the dedication and creativity of our teams. They have excelled this year. Beyond virtual tours, sanitation protocols, and countless zoom meetings, they even found ways to relieve the boredom of stay-at-home orders for residents. We held COVID-safe resident appreciation events and had a successful virtual toy drive.”

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TAMPA, FL – Robbins Property Associates, a vertically integrated multifamily owner operator, has partnered with a repeat private equity limited partner to buy Century Cross Creek. The expansive 297-unit complex was completed in 2008 and 2014. The property, which was re-branded The Parq at Cross Creek, is located in the quick-growing New Tampa/Tampa Palms submarket.
The property is centrally located with ease of access to Interstate 75, via Morris Bridge Road or Bruce B. Downs Boulevard, which provides access to over 17.7 million square feet of corporate office space within a twelve-mile radius. The area provides a high proportion of healthcare, finance, and education jobs, including USAA, Coca-Cola, multiple hospitals, and the University of South Florida.
“New Tampa/Tampa Palms is a dynamic submarket that has rapidly transformed over the past two decades and continues to experience strong population and job growth,” said Neal Herman, Managing Director of Investments at RPA. “The property is well-built, and as a testament to the Tampa MSA’s resiliency, the property’s operations maintained strong collections and occupancy during 2020.”
The Parq at Cross Creek features spacious floor plans, open kitchen layouts, 9-foot ceilings, and expansive screened-in porches. RPA’s comprehensive value-add program will include upgrading unit interiors to include sleek quartz countertops, modern tile backsplashes, stainless-steel appliance packages, and wood plank flooring.
Community amenity upgrades will highlight a complete renovation and expansion of the clubhouse and leasing center and an expanded 24-hour state-of-the-art fitness center. Additionally, RPA will modernize the resort-style pool by adding a screened-in patio lounge and summer kitchen.
“There is strong demand from renters for upscale garden-style apartments in the New Tampa area,” said Kristi King, Chief Operating Officer & Principal of RPA. “The Parq at Cross Creek offers residents the kind of space, comfort, and amenities they expect in the Tampa market. Our renovations will significantly change the look and feel of the community and resident experience.”

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