DORAVILLE, GA – S2 Capital, a national vertically integrated multifamily investment manager, announced its acquisition of The Landing at Pleasantdale. The property comprises 618 garden-style apartments in 72 buildings in an attractive, tree-filled, gated community on over 75 acres. Built in 1985, Pleasantdale is located at 3497 Meadowglenn Village Lane in Doraville, GA, a northeast Atlanta suburb. It was bought through CBRE in an off-market direct transaction. Other terms of the transaction were not told.
“Leveraging ALVA, our internal Data & Analytics platform, S2 has built conviction in the NE Atlanta submarkets,” said Scott Everett, CEO of S2 Capital. “Data suggests an inversion of the supply-demand imbalance, leading to significant positive absorption for Atlanta in conjunction with the first positive YoY occupancy gain in Q324 since Q122. Additionally, current effective rents sit $280 below comparable market properties, having witnessed a -12% drop in rents onsite YoY while surrounding comps have increased +1%, giving S2 conviction in their ability to do their value-add business plot and deliver a superior living experience to tenants.”
Michael Bippus, VP of Acquisitions at S2 Capital, said, “We have invested in more than 1,400 units in four properties in northeast Atlanta within five miles of Pleasantdale, and a fifth property nine miles northwest in Sandy Springs, and continue to seek opportunities to build our portfolio to increase our operational economies of scale. We will complete a value-add renovation program at Pleasantdale that has proven successful for the other assets in our portfolio.”
Pleasantdale is convenient to I-85 and is a 30-minute drive to Atlanta. Doraville also has train service to both Atlanta and the Hartsfield-Jackson International Airport, about 25 miles southwest. Close by Doraville are top universities, including Emory University and Georgia State University, and employers such as Delta Air Lines, Amazon, Primerica, Americold, KIA Motors and Northside Hospital. The expansion of industrial parks along I-85 is expected to fuel job creation, with projections the region could see an increase of over 50,000 new logistics and transportation jobs in the next decade.
The spacious residences at Pleasantdale offer one, two and three-bedroom options, up to 1,543 square feet, with vaulted ceilings and washer/dryer connections. The apartments also include a private patio or balcony, fireplace, large closets and extra storage. Exterior amenities include a unique covered recreational dome, soccer field, pool, fitness center and dog park. Peachtree Creek runs adjacent to the property, and within a small distance is Murphey Chandler Park and Brook Run Park. Pleasantdale is also surrounded by a variety of retail, dining, and entertainment choices in Chamblee, Brookhaven, and Perimeter Mall.
Approximately 10% of the units at Pleasantdale have been fully renovated, and S2 plans to renovate the remaining 90% of classic units to compete with comparable renovated properties in the submarket, and to provide residents with a superior living experience. Interior renovations will include stainless steel appliances, granite countertops, upgraded lighting and new flooring. Exterior renovation plans will feature extensive upgrades across the property.

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MANCHESTER, NH – Jones Street Investment Partners, a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., hosted a ribbon cutting ceremony at 75 Canal, its new 250-unit Class-A multifamily community located in the heart of downtown Manchester, NH. The celebration included comments from Jones Street CEO Matt Frazier and Mayor Jay Ruais, in addition to representatives from the Greater Manchester Chamber and Jodie Nazaka, Director of the Manchester Economic Development Office.
75 Canal, which broke ground in late 2022, brings much needed high-quality housing to the Manchester area and features a mix of studio, one-, two-, and three-bedroom apartments as well as approximately 2,000 square feet of retail space along Canal Street. The highly amenitized community features a lobby-level fireside lounge, rooftop terrace, work pods, a social lounge and TV parlor, game room, fitness center, two outdoor courtyards, a pet spa and a 207-car parking garage inclusive of dedicated motorcycle parking and EV charging stations. The apartments boast in-home laundry, high-end finishes, and oversized windows; select units feature 12-foot ceilings, kitchen islands with grand pendant lighting, and skyline views.
We are glad to gather with our friends, colleagues and collaborators to celebrate the opening of 75 Canal, a marquee project for our organization that brings much needed housing to a severely supply constrained market, said Matt Frazier, founder and CEO of Jones Street. The successful completion of 75 Canal not only advances our investment strategy, but it also demonstrates our development capabilities, which are a core part of our growth plans. We look forward to delivering an exceptional living experience to our residents and operating as a responsible partner to the Manchester community.
In addition to its diverse range of rental units, 75 Canal also features approximately 2,000 square feet of ground floor retail. The community is highly walkable to a variety of retail, restaurant, and entertainment options in downtown Manchester. It is also ideally situated within walking distance to the University of New Hampshire and South New Hampshire University as well as several of the city s largest office buildings, including those of Oracle, TD Bank, United Health Care, Bank of America, and New York Life. 75 Canal also offers simple access to Boston and Concord via I-293 and I-93.
Manchester, NH is the largest economic center in northern New England, boasts a rental market defined by exceptionally high occupancy and strong rental growth rates, and was named the 9th Best Metro Area in the country by the Wall Street Journal due to a combination of low unemployment rates and high affordability and economic growth.

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AUSTIN, TX -The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with the Housing Authority of the City of Austin (HACA), announced the opening of Bridge at Estancia, a 318-unit affordable housing community in Austin, Texas. The development provides quality, amenity-rich housing for residents earning up to 60 percent of the Area Median Income (AMI).
Bridge at Estancia is a pivotal project in our ongoing effort to provide affordable housing to Austin s residents, said Nick Walsh, Vice President of Development at The NRP Group. As Austin s growing jobs market and vibrant culture continue to drive demand for housing, we re excited to partner with the Housing Authority of the City of Austin to contribute to this master-plotted community. This development not only addresses the growing need for affordable housing in Travis County, but it also supports the local economy through further job creation and access to essential services.
Located at 1100 Avenida Mercado Street, near the intersection of Interstate 35 and State Highway 45, Bridge at Estancia offers simple access to downtown Austin and is part of the Estancia Hill Country master plot, a 600-acre mixed-use development. The community sits adjacent to the plotted Texas Children s Hospital, as well as future commercial and retail spaces, and additional housing developments.
This development is a major milestone in ensuring Austin remains an inclusive city where everyone has access to affordable housing, said Michael Gerber, President and CEO of HACA. The location offers simple access to downtown Austin, and it s part of a master-plotted community that will serve as a foundation for families to thrive. Developments like this are critical to keeping Austin affordable for those who live and work here.
Designed by HEDK Architects, Bridge at Estancia features a mix of one- to four-bedroom units, catering to both individuals and growing families. Apartments include private patios or balconies, high ceilings, vinyl plank flooring, and fully equipped kitchens with quartz countertops and recessed lighting.
In partnership with the nonprofit Community Housing Resource Partners, Bridge at Estancia has a dedicated activity room to host resident services such as health screenings, after-school programming, financial literacy training, a first-time homebuyer program, English as a Second Languages courses and more. Best-in-class amenities include a swimming pool, fitness center, multiple playgrounds, and walking trails integrated into the wider Estancia Hill Country trail network.
The 15-acre site features two four-tale buildings, two three-tale walk-ups, and a two-level parking garage. Residents will delight in outdoor spaces such as an open courtyard, barbecue grills, and an outdoor pool with a sundeck. Additionally, a large coworking space filled with natural light offers computers, desks, and comfortable reading nooks ideal for remote workers and students.
This fully affordable housing community was made possible by a $20 million housing tax credit investment from Hudson Housing Capital, along with construction and permanent financing provided by Bellwether Enterprises and Deutsche Bank.
The NRP Group was recently ranked among the top three multifamily developers by the Austin Business Journal, with more than 7,500 apartment homes across 25 developments in the Austin area. Earlier this year, NRP delivered The Markson, a 330-unit mixed-income community, with several hundred more units currently in development.

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