CORPUS CHRISTI, TX – ClearWorth Capital announced its recent acquisition of Arbors on Saratoga, a 252-unit Class B multifamily asset located in Corpus Christi, Texas.

The project, which was constructed in 1998, is near several significant demand drivers, including Texas A&M Corpus Christi and one of the largest health care and surgical centers in South Texas.

Community amenities include an expansive clubhouse with a conference room and business center, fitness center with free weights, large pool with WiFi access, outdoor kitchen and picnic area, shaded pet park, sport court and detached garages.

New ownership will soon implement a thorough overhaul of the interior and exterior features of the property, including improvements to existing social areas and making new amenities. All unit interiors will receive a full upgrade, including new flooring, cabinet fronts, countertops, appliances, window treatments, technology upgrades, lighting and plumbing fixtures, and kitchen backsplash. Additional enhancements includes new signage, landscaping redesign, fresh exterior paint scheme, and a new poolside kitchen.

Arbors on Saratoga will be the tenth renovation undertaken jointly by the principals of ClearWorth Capital, a partnership comprised of the principals of Dallas-based Seneca Investments, and Houston-based NOIPM (NOI Property Management). 

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HOUSTON, TX – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has bought Haven at Lakes of 610 Apartments, a 282-unit multifamily property in Houston. The new Class A apartment community, bought from a joint venture between Guefen Development and The Rainier Companies, will receive a $1.45 million capital investment and will be renamed Aspire at 610.

This is American Landmark’s seventh property in the Houston area, and its first Houston-area acquisition in 2019. The company currently owns approximately 25,000 apartments throughout the Southeast and Texas, and plans to add another $2 billion in properties to its growing multifamily portfolio this year.

“Houston led the nation in job growth in 2018, and is poised to do the same this year, so we are very confident in the long-term demand for workforce housing in the region, which has seen its economy diversify significantly,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “With its exceptional location and amenities, Aspire at 610 fits our investment strategy perfectly.”

American Landmark’s improvements will add faux-wood plank flooring, USB plugs, and smart locks in all units. Amenity improvements will include the addition of a dog-washing station, fire pits, package locker system, clubhouse and landscaping enhancements.

Built in 2018, Aspire at 610 is a four-tale community located at 8900 Lakes at 610 Drive. One- and two-bedroom units feature washer/dryer machines, granite countertops, black appliances, plank flooring in first-floor units, and kitchen islands. Amenities include a clubhouse, large pool with sundeck, and business center.

Aspire at 610 is located in the South Main area of Houston, just off I-610 and conveniently located near NRG Stadium.

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CHARLOTTE, NC – Wood Partners, a national leader in multi-family real estate development and acquisition, announced the grand opening of its new community – Alta Warp + Weft – in Charlotte, North Carolina.

Alta Warp + Weft is a modern residential community between Uptown Charlotte and NoDa, tucked in the heart of the Optimist Park neighborhood in the city’s new historic Mill District. Alta Warp + Weft is located at 2120 N. Brevard Street, strategically located next to the new Blue Line’s 25th Street light rail stop.

“The vibrant Optimist Park neighborhood is the center of growth for urban Charlotte,” said Tom Burkert, Managing Director for Wood Partners. “With the recent expansion of the light rail, this project offers access to the job center of Uptown Charlotte and the NoDa arts district while being located in a neighborhood that is seeing new amenities being added every day.”

The new Mill District, which once housed the country’s largest grouping of historic textile-related buildings, and specifically the Optimist Park neighborhood, is a burgeoning hub for local artists. The housing community is unique for Wood Partners, as it takes design elements from the area’s industrial roots and incorporates them with artistic touches as a nod to the neighborhood’s present and future.

“Wood Partners is one of the first developers to offer high-end apartment living in Optimist Park,” said Burkert. “We are excited to continue our work with local artists, businesses and restaurants to make Alta Warp + Weft a major hub for the neighborhood.”

This community will also provide residents with access to a sophisticated culture and dynamic job market in Charlotte. With two major headquarters – Bank of America and Duke Energy – and other prominent employers including the Carolinas Healthcare System, Wells Fargo, and Novant Health, this location provides superb access to Charlotte’s major employers.

Positioned at the 25th Street stop on the Lynx light rail, Alta Warp + Weft is just two stops to Uptown Charlotte. Additionally, the community is adjacent to Small Sugar Creek Greenway, a 19-mile system of trails and greenspace. On the property, Warp + Weft includes sought-after community amenities ranging from a 24/7 fitness center with virtual trainer, a business center, swimming pool, Luxer package room, a back-porch area overlooking the future greenway incorporating community gardens and an outdoor sculpture and exclusive resident parking deck. In addition, the property hosts a lounge adjacent to the light rail stop which will feature local artists, pop-up businesses, and events open to the public.

Opened in February 2019, Alta Warp + Weft totals 261 units, featuring studios, one-, two-, and three-bedroom floor plans.

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