KANSAS CITY, MO – Bow River Capital, a Denver-based alternative asset management firm with $4.4 billion in assets under management, announced the acquisition of Brookside Commons, a newly constructed 212-unit Class-A multifamily community located in Kansas City, Missouri. This marks Bow River s third multifamily acquisition in the Kansas City market, following the successful buys of Gallerie (361 units) and Icon (57 units).
Built in 2023, Brookside Commons aligns with Bow River s investment strategy of acquiring high-quality, undervalued assets in resilient and growing markets. The transaction was completed at more than a 24% discount on today s replacement cost, offering attractive relative value in a supply-constrained market. Financing was arranged through Berkadia s Denver office in partnership with Fannie Mae.
Brookside Commons checks every box for us — newer vintage product, highly desirable location, and strong demand drivers supported by stable and growing employment sectors, said John Layton, Director at Bow River Capital. This investment reinforces our conviction in Kansas City as a long-term growth market and underscores our strategy of acquiring well-located assets at a discount to intrinsic value.
Strategically located near the Country Club Plaza and Downtown Brookside, the property benefits from both proximity to major retail corridors and the economic insulation provided by surrounding medical and education institutions, including Research Medical Center, KU Medical Center, St. Luke s Health System, and the recently announced $34.5 million Center for Clinical Advancement by Research College of Nursing and HCA Midwest Health.
Kansas City continues to distinguish itself among U.S. metros with steady, positive rent growth, defying the national trend of softening rents in oversupplied markets. With a measured development pipeline and increasing demand from healthcare and education professionals, we believe Brookside Commons is well positioned to thrive in a market supported by durable, recession-resistant industries.
Bow River Capital intends to deepen its footprint in Kansas City, taking advantage of current market dislocations and favorable long-term fundamentals. The acquisition of Brookside Commons further expands the firm s growing multifamily portfolio across the central United States.
This latest investment follows Bow River s recent acquisition of Camden Midtown, a 337-unit, three-tale multifamily community in Houston. Together, these moves underscore Bow River s strategic expansion across what it calls the Rodeo Region —a collection of high-growth markets across Texas and the central U.S., where demographic tailwinds and value opportunities continue to align.

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CHARLOTTE, NC – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, announced the groundbreaking of The Airedale, a new three-tale, 348-unit luxury multifamily community in Charlotte, North Carolina. The Airedale will be Toll Brothers Apartment Living s first rental community in the state. The community is being developed as part of a joint venture with International Capital, LLC and financed through a construction loan facility from TD Bank.
The recent groundbreaking celebration was attended by Toll Brothers Apartment Living leadership and The Airedale s development partners. The Airedale is anticipated to open in fall 2026
We are excited to officially break ground at The Airedale, our first multifamily community in North Carolina, said John McCullough, President of Toll Brothers Apartment Living. Toll Brothers Apartment Living is known for building extraordinary communities in thriving locations, and The Airedale will set a new standard for luxury living in Charlotte.
The Airedale will offer a mix of one-, two-, and three-bedroom floor plans. Each apartment home will include luxury finishes and upscale features, including quartz countertops, stainless steel appliances, soft-close cabinetry with under-cabinet lighting, and kitchen islands. The apartment homes will also feature modular closets, private balconies, and smart home technology.
Residents will delight in an 8,200-square-foot clubhouse, adjacent to an expansive pool and sundeck with cabanas, an outdoor grilling and dining area, a hammock garden, and green space with lawn games. The community will offer a 24/7 fitness center with individual workout pods and an outdoor fitness lawn, a catering kitchen and a private dining room, a coworking suite with individual work pods and a conference room, a pet spa and a half-acre pet park, and a coffee and hydration bar as well as on-demand beverage taps. Additional community amenities will include a grab and go market, a package room with cold storage, and community-wide Wi-Fi.
The Airedale represents our commitment to delivering thoughtfully designed communities with elevated living experiences, said Michael Skena, Managing Director of Toll Brothers Apartment Living in the Mid-Atlantic region. With modern residences, best-in-class amenities, and a location that puts the best of Steele Creek and Charlotte within reach, The Airedale will offer residents a community defined by comfort, style, and convenience.
The Airedale is situated on a 19.75-acre site located at 13607 Choate Circle in Charlotte. This vibrant area boasts ample dining and shopping, including the RiverGate Shopping Center and Steele Creek Crossing, as well as proximity to outdoor recreation. The Airedale is located near Interstates 77 and 485, and South Tryon Street, giving residents simple access to South End, Uptown, and regional employment centers.

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NEW YORK, NY – Pacific Urban Investors, a multifamily owner-operator and investment manager, has completed its eighth acquisition in the New York Metro, increasing its regional portfolio to 1,966 units. The newly bought community, The Garnett at 146 South 4th Street, consists of 113 units located in the desirable Williamsburg neighborhood of Brooklyn. This investment marks Pacific Urban s 16th property on the East Coast, reflecting continued strategic expansion into key markets, including Boston, the Mid-Atlantic, and the Southeast.
We are excited to expand our East Coast portfolio with the acquisition of The Garnett, a high-quality community located in Williamsburg, one of New York City s most dynamic neighborhoods, said Matt Lederer, Vice President of Investments. Williamsburg remains a submarket of focus for our platform given its proximity to Manhattan, strong demographic trends, vibrant lifestyle amenities, and various transportation options. The Garnett reinforces our commitment to investing in core, job- and amenity-rich locations that provide residents with exceptional living experiences. We are keen to continue expanding across the East Coast and have significant discretionary capital allocated for that purpose.
The Garnett is located right off Bedford Avenue, Williamsburg s primary commercial corridor, known for its restaurants, cafes, retail, and entertainment. Domino Park is a 10-minute walk from the property. The neighborhood offers a residential feel while providing convenient access to major employment hubs, including over 7.5 million jobs across the New York Metro area—more than 4.7 million of which are based in Manhattan s 607 million square feet of office space—and over 1.1 million jobs in Brooklyn alone. Built in 2011, The Garnett is a contemporary high-rise with modern industrial design, functional floor plans, condominium-quality unit interiors, and an expansive amenity set for its size. Amenities include a fitness center, resident lounge, bike storage, laundry room, and a rooftop deck with unobstructed views of the Manhattan and Brooklyn skylines. The property also features both an on-grade parking garage and an above-grade structured parking deck.
The Garnett is an exciting investment for the firm, marking its third in New York City since opening its office there in 2018. Investment economics have improved remarkably over the past few years in the city and demand characteristics have remained extremely favorable resulting in compelling yields and high occupancies. The combination of these two results in an investment that fits squarely within Pacific s mandate, to provide growing and durable cash flows to our investors while preserving a value proposition for our residents, said John Fluke, Managing Director of Investments. Additionally, changes to New York s 421(a) program should result in some incremental headwinds to new supply, further bolstering the operating fundamentals of existing assets, and adding to that durability of income.

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