LAS VEGAS, NV – Henley Investments, a leading private equity real estate firm based in the UK and the USA, together with collaborators Tower 16 Capital Partners, have announced the acquisition of the Five89 apartment community in eastern Las Vegas.  With 312 units, as well as a full complement of recreation and convenience amenities, the property will be extensively renovated and rebranded as part of Henley Tower 16’s family of upscale apartment communities branded as “Accent.”

“The strength of the Las Vegas region’s economy and its rate of growth – both of which far outpace national averages – mean that more and more residents here, whether new to Las Vegas or not, are seeking more upscale addresses that still give them the flexibility of renting rather than buying,” said Henley CEO Ian Rickwood. “Henley’s renovation, really more of a re-imagining, will provide another new upscale apartment option to discerning residents, and in one of the most well loved sections of Las Vegas,” he added. 

The community offers studio, one-, two- and three-bedroom apartment homes, with available in-unit washer/dryers and balconies or patios. The community is amenity-rich, with two swimming pools, a Clubhouse with a fitness center, a tot lot, a dog park, a community grilling/BBQ area and covered parking. 

“Henley’s vision for the apartment community includes full renovations of all the units; redesign of all lobbies, hallways and common areas; redesign of the Clubhouse and management offices; and extensive new landscaping and updates to building exteriors,” said Garrett Solomon, MD, CIO of Henley North America.  “We expect that all renovations to the building’s common areas and grounds should be completed early next year.”

The acquisition of Five89 brings the Henley Tower 16 portfolio to over $200 million in assets.

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NEW ORLEANS, LA – 365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced today that the company has received a Gold dotCOMM Award for its industry-first, ADA-certified marketing, leasing, and resident services platform. This prestigious, international award recognizes 365 Connect’s dedication in meeting the rapidly changing needs of the multifamily housing industry.

The dotCOMM Awards is an international competition, honoring excellence in web creativity and digital communication. The competition is unique in that it reflects upon the role of creatives in the dynamic web, who are transforming how we market and communicate products and services. The winning entries are selected by an international panel of judges. This year’s competition boasted thousands of entries from countries across the globe with entrants ranging from corporate marketing and communication departments to media conglomerates and Fortune 500 companies.

365 Connect was recognized for its extreme efforts in certifying its entire platform as digitally compliant with the federally recognized Web Content Accessibility Guidelines (WCAG) at Level AA. The certification covers the entire 365 Connect Platform, including property websites, lead forms, tour requests, rental applications, portals, and payments. 365 Connect received third-party certification from Online ADA, a member of the International Association of Accessibility Professionals and provider of independent Web Content Accessibility Guidelines (WCAG) compliance audits.

“Our mission is to recognize the highest standard of excellence in web creativity and digital communication,” clarified Ed Dalheim, Executive Director of the dotCOMM Awards. “365 Connect has certainly raised the bar to a new level. Their commitment to digital inclusion is making a difference in people’s lives, proving to the world that they are one of the best in their field. We are honored to present them with one of the most highly-recognized awards in the creative industry.”

With an array of highly coveted technology awards, 365 Connect continues to revolutionize the multifamily housing industry with a dynamic platform built on modern-cloud architecture and flexible infrastructure. The platform consumes, integrates, and displays data in order to streamline operations without sacrificing a seamless user experience. Today, many of the nation’s most respected multifamily housing operators utilize 365 Connect to unify processes and make efficient workflows.

“We are excited to have our efforts acknowledged on an international level, and we are truly honored to receive this highly-acclaimed award,” stated Kerry W. Kirby, CEO of 365 Connect. “As physical buildings become more digitally dependent on their websites to interact with potential and current customers, these services must be accessible to everyone, including individuals with disabilities. This award emphasizes our team’s unwavering commitment to deliver compliant solutions to the widest possible audience.

365 Connect was founded in 2003 with an unwavering commitment to transforming how apartment communities market, lease, and retain residents. As a leading provider of award-winning technology platforms for the multifamily housing industry, we deliver a fully-integrated suite of comprehensive solutions that automate marketing, simplify transactions, and serve residents after the lease is signed. 365 Connect allows its clients infinite expansion, robust integrations, and the ability to revolutionize user experiences.

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ATLANTA, GA – Carroll Organization, one of the country’s leading privately-held real estate companies focused on multifamily investment, management, and development announced the first closing for its sixth investment vehicle, Carroll Multifamily Venture VI, L.P. with an expected total size of $150 million. This sixth vehicle will be its largest ever, surpassing its $60 million in the fifth vehicle. The investor base consists of institutional investors, including public and private pension plans and renowned financial institutions. With the utilization of debt and co-investments from institutional partners, the vehicle has the capacity to buy over $5 billion in apartment investments.

Carroll Multifamily Venture VI, L.P. will focus on generating attractive risk-adjusted returns by acquiring cash-flowing multifamily properties in markets with strong fundamentals in the Southeast, Southwest, Mountain and Mid-Atlantic regions, as well as other strategic markets around the country. Carroll Organization will leverage its relationships, resources and operating platform to buy value-add and core-plus properties with opportunities to enhance cash flows through improved management and capital investment.

“Carroll Organization is well-positioned to deploy capital and take advantage of attractive opportunities due to our extensive experience, relationships and market knowledge. Our value proposition is to provide institutional investors with these compelling direct investments, and we remain bullish about the significant opportunities offered in the multifamily real estate market,” said M. Patrick Carroll, Chief Executive Officer of Carroll Organization. “We are grateful to our investors for their commitment to our latest venture. This is a fantastic milestone for our company, as it shows confidence in Carroll Organization’s investment strategy, management team and operating platform, as well as the acknowledgement of our strong track record.”

Carroll Multifamily Venture VI, L.P. is Carroll Organization’s second time raising an investment vehicle with institutional capital. This new, larger institutional vehicle provides Carroll Organization the additional capital necessary to make larger equity commitments and to continue to successfully grow its institutional joint venture investment strategy. The vehicle will target core-plus and value-add multifamily properties of varying ages and building types with a focus on finding affordability and value within each segment. Carroll Organization plans to continue to source many of its deals “off-market” directly from developers and owners.

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