SAN ANTONIO, TX – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of Arya Grove Apartments in Northeast San Antonio. With this acquisition, Knightvest now has an established portfolio of six assets in San Antonio. The close of Arya Grove Apartments represents the third acquisition in Knightvest s Fund II. Knightvest has established a steady acquisitions pipeline for its second fund and has additional acquisitions plotted to close near year-end and early 2025.
Originally built in 2006, the 308-unit property is situated along the outer Loop 1604 in the rapidly growing Live Oak and Universal City areas. Knightvest has extensive experience operating in this submarket, having renovated and operated a comparable community within 2 miles of Arya Grove. Knightvest plans to renovate the apartment units in addition to making enhancements to the common areas and amenities of the property. As part of the renovation, Knightvest will rename the community to Sagebrush Apartments.
We re increasingly optimistic about the overall market right now, and this marks our second acquisition in the past month as we continue to do our strategy of investing in multifamily communities from the 2000 s and renovating them to a level that would be comparable to new construction, said David Moore, Knightvest founder and CEO. The proximity to a successful project nearby, combined with the impressive regional growth trends, made this opportunity initially intriguing, and we re excited to expand our growing portfolio across Central Texas with the addition of Sagebrush Apartments.
The Northeast San Antonio submarket offers a unique opportunity, as the region has experienced rapid growth with less multifamily construction compared to neighboring Northwest and Far North San Antonio. Additionally, the proximity of Sagebrush Apartments to the major highway interchange of I-35 and Loop 1604, makes it well-positioned to benefit from ongoing growth between Austin and San Antonio, contributing to the larger Texas Triangle s expansion. Over the past four years, San Antonio alone has seen an influx of 40,000 new residents annually, underscoring the region s attractiveness and Knightvest s confidence in the long-term potential of the area.

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SARASOTA, FL – Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, announced the start of leasing at Cordelia, a luxury high-rise community in Downtown Sarasota, Fla., on Sarasota Bay.
Part of a 14-acre master development, Cordelia includes 240 luxury homes and 13,811 square feet of ground floor retail space. The community sits along a central green space with spectacular views of the bay and exceptional access to downtown. Cordelia will feed off its vibrant and diverse location, combining a unique blend of urban energy and natural beauty for a distinctly upscale Florida living experience.
“Cordelia is designed to capture and complement both downtown and bayside vibes, and offer residents the best of both worlds,” said Cameron Palm, Senior Development Manager with Quarterra. “From the community’s exquisite large balconies with waterfront views and top-flight amenities package to the seemingly endless dining and entertainment opportunities, residents will find themselves in an ideal place to live their best lives. It’s exciting to reach this milestone in the property’s development and stride one step closer to welcoming residents home.”
Situated at 468 Quay Commons, Cordelia positions residents within simple reach of a myriad of downtown dining destinations. Hot spots include: 1592 Wood Fired Kitchen & Cocktails, Boca, The Breakfast House, Café Epicure, Caragiulos, C’est La Vie, Drunken Poet, Duval’s, Indigenous, Jack Dusty, Lila, Made, Mattison’s City Grille, Mediterraneo, Owen’s Fish Camp, II Panificio, Pho Cali, Sage, Selva, Siegfried’s Restaurant, and State Street Eating House + Cocktails. Ocean Prime is slated to open later this year giving residents another high-end restaurant experience.
Residents will also find themselves in close proximity to shopping at Main Street, St. Armands Circle and The Mall at University Town Center, as well as the Sarasota Farmers Market. Entertainment venues, including Van Wezel Performing Arts Hall, Sarasota Opera House, Sarasota Orchestra, The Belle Haven, The Florida Studio Theatre, The Asolo Repertory Theatre, IMG Sports Complex, Robarts Arena, Ed Smith Stadium, The Bay Park and The John and Mable Ringling Museum are also nearby.
Cordelia is positioned along Tamiami Trail and adjacent to Fruitville Road, providing simple connectivity to the rest of Sarasota and surrounding municipalities. SCAT bus service and Bay Runner trolley are both easily accessible from the property, making simple commutes to regional employers like Bealls, Tropicana, PGT Industries and Sarasota Memorial Healthcare. A newly designed trail system skirts the perimeter of the community, accessing the bay, beaches and parks. A seven-floor above/below ground parking garage, featuring several EV charging stations, will accommodate resident vehicles.
Cordelia consists of studio, one-, two- and three-bedroom apartment homes. Homes range from 558 to 1,480 square feet and are highlighted by floor-to-ceiling windows, designer pendant and sconce lighting and ceramic tile flooring in living spaces. Kitchens showcase under-cabinet lighting, stainless steel appliances, shaker cabinets, quartz countertops, islands, tile backsplashes and wine fridges. Bathrooms include oversized tubs and walk-in showers.
All residents have access to a picturesque rooftop pool, sky terrace and sun deck with outdoor bar, grill stations, fireplaces and lounge areas. Other amenity highlights include a catering kitchen, flex fitness studio, yoga studio, pet spa, maker space, co-working spaces, private dining area, wine lounge with tasting room, and gaming room with golf simulator.

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DENVER, CO – Turner Impact Capital, one of the nation s largest real estate investment firms dedicated to social impact, has expanded into the Denver metropolitan area with the acquisition of two multifamily housing communities as part of its commitment to address the country s urgent housing affordability crisis with an innovative, market-driven solution.
The 165-unit Silverbrook and 188-unit Canterra at Fitzsimons communities in Aurora are the latest investments by the newly launched Turner Multifamily Impact Fund III (TMIF III). The Fund now owns 836 units of high-quality workforce housing, following recent acquisitions in Las Vegas and Minneapolis, with more acquisitions to come. TMIF III is on course to raise up to $750 million of equity, unlocking more than $2.3 billion in investment potential to buy existing, or develop new, affordable workforce housing communities in high-demand markets.
TMIF III is building upon the success of Turner Impact Capital s two previous housing funds, which together parlayed more than $650 million of equity into the preservation and enrichment of approximately $2 billion of housing for low- to moderate-income families while generating positive environmental impact and strong risk-adjusted returns for the firm s institutional investors. The Funds bought, preserved, and enriched approximately 14,000 units in markets such as Chicago, Dallas, Las Vegas, Seattle, Austin, Washington, D.C., and more.
Amid continuing hardship for working families, we are accelerating our efforts to preserve access to high-quality affordable housing in major metropolitan areas, Turner Impact Capital CEO Bobby Turner said. We are delighted to bring our successful market-driven model to the dynamic Denver area for the first time through these new investments by Turner Multifamily Impact Fund III.
Both Aurora properties meet the Fund s criteria of providing affordable workforce housing in diverse, densely populated areas near job centers. Tenants generally earn up to 80% of Area Median Income, and include community-serving professionals such as teachers, police officers, healthcare workers and others who often earn too much to qualify for subsidized housing but struggle to afford higher-cost housing located near job centers. Turner Impact will soon offer tailored enrichment programs in areas such as education, health, and safety to enhance residents quality of life and satisfaction.
Silverbrook is a seven-acre garden-style community consisting of nine three-tale residential buildings with 165 one- and two-bedroom apartments, a community swimming pool, outdoor grilling area, basketball court, and fitness center. Canterra at Fitzsimons is also a garden-style community whose two 12-tale residential buildings have 188 one- and two-bedroom units. The 7.5-acre site includes a community swimming pool, resident clubhouse, outdoors barbeque spaces, and covered parking.
The properties are located in central Aurora, the third-largest city in Colorado, conveniently located 10 miles southeast of downtown Denver. The vibrant Denver-Aurora-Lakewood metropolitan area has one of the strongest job markets in the United States, and the two new Turner Impact communities are close to major employers such as Amazon, Denver International Airport, HealthOne, and telecommunications firm Century Link.
We look forward to serving our Aurora residents as we extend our impact to a new market where job growth and high demand for housing threaten to price working families out of homes near their workplace, said Gary Rodney, Managing Director of Turner Impact s Multifamily Housing Initiatives. Our model has a long track record of success delivering positive social and environmental benefits to our residents and the community.
Housing initiatives are a central feature of Turner Impact Capital s holistic, award-winning approach to impact investing in housing and two interrelated societal challenges: public education and community-based healthcare. The firm has raised over $1.9 billion in commitments since it was founded in 2014, putting it on course to surpass $5.7 billion in investment potential since inception. By harnessing market forces, Turner Impact offers durable solutions to improve lives and strengthen communities while delivering strong risk-adjusted financial returns for investors.

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