ESCONDIDO, CA – Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that Marlowe Palomar Heights, the company’s first Marlowe-branded apartment community in California, is now leasing with go-ins scheduled for fall 2024.
Marlowe by Greystar provides suburban luxury living with quality groundbreaking new finishes, spacious and current amenities and modern design with simple access to urban conveniences.
“We are excited to introduce our latest high-end community to the growing city of Escondido,”Jeff Carlson, Senior Associate, Development, Greystar, said. “Marlowe Palomar Heights offers versatile unique floorplans and premium amenities, filling a gap in the market for new, upscale rental options and helping reinvigorate historic downtown Escondido.”
Located on the site of the former Palomar Hospital Downtown Campus, Marlowe Palomar Heights features 258 single and multi-tale apartment homes in one-, two- and three-bedroom floorplans. Apartments range from 628 sq. ft. up to 2,003 sq. ft. Additionally, the community has 162 three-tale townhomes that have attached garages equipped with EV charging. Residences feature quartz countertops, Samsung stainless steel appliances, front-load washers and dryers, keyless door entry, smart thermostats and hard-wood style flooring.
The community amenities will include a resort-style pool with a jumbotron, clubroom, pocket parks, fitness center, co-working space, lounges, dog park and EV charging.
Marlowe Palomar Heights is minutes from all of the restaurants, shopping, parks and entertainment that line Grand Avenue in downtown Escondido, giving residents plenty of options for nearby recreation.

Powered by WPeMatico

LAKEWOOD, CO – S2 Capital, a national vertically integrated multifamily investment manager, announced the acquisition of Dartmouth Woods, a 201-unit, garden-style multifamily apartment community built in 1990 and located in South Lakewood, one of the most attractive submarkets of Denver, CO. Terms of the transaction were not told.
Dartmouth Woods is located at 10025 W. Dartmouth Avenue in Lakewood. The property consists of modern two- and three-tale buildings in an area of robust demographics with an average household income of $107,000, a median home price of $585,000 and highly-rated schools. S2 plans interior renovations that will include stainless steel appliances, modern lighting, new flooring and updated cabinets along with extensive renovations to the exterior and amenities to provide residents an enhanced living experience.
Ryan Everett, Vice President of Acquisitions at S2 Capital, said, “We have been evaluating potential transactions in the Denver market for two years and are very excited to be making our first investment in the area. Including the Dartmouth Woods transaction, S2 has bought 1,865 units across Texas, North Carolina, Florida and now Colorado over the last 12 months. This represents $300+ million of total acquisitions the past 12 months, positioning the firm as a top-25 buyer of multifamily in Sunbelt markets.”
“Our conviction remains strong that multifamily has become attractively repriced in the small term due to excessive leverage in the system and pressure from interest rates on property cash flows, but the long-term outlook for housing in our target markets remains a compelling investment thesis at these prices for well capitalized investors,” added Ryan Everett.
S2 believes that the sharp reduction in new construction permits and starts, interest rate cuts signaled by the Federal Reserve, and various levels of stress, present a unique moment for investors with discretionary vehicles who are well-positioned to capitalize on these opportunities.

Powered by WPeMatico

SUMMERVILLE, SC – Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, along with development partner Nuveen Real Estate announced the opening of Emblem Cane Bay North apartment community in Summerville, S.C.
Emblem Cane Bay North is a Joint Venture between Quarterra and Nuveen Real Estate. Emblem communities were made by Quarterra to help address the nationwide shortage of attainable housing available to middle-income renters.
The 312-home garden-style community has direct access to the Cane Bay Plantation bike and pedestrian trails, within convenient distance to neighborhood schools, retail centers, dining, employment hubs and prime commuter routes. The SmartRent-compatible community incorporates modern property technology into every home and features a curated, contemporary amenities package.
“The attention to detail at Emblem Cane Bay North drastically exceeds what middle-income renters are accustomed to seeing,” said Cameron Palm, Senior Development Manager for Quarterra. “From in-home technology to state-of-the-art amenity spaces, the community delivers a convenient and sophisticated living experience. The Emblem brand deploys a consistent, programmatic approach that ensures an elevated environment at an attainable price point. Emblem Cane Bay exemplifies the vision behind Quarterra’s Emblem communities in an enviable location here in Summerville.”
Emblem Cane Bay North, located at 44000 Owl Wood Lane, puts residents within simple reach of local dining options, including Famuliari’s Pizzeria, Rio Chico Mexican, Eggs Up Grill, Agaves Cantina, Taco Boy, Halls Chophouse and Starbucks. The community is also in close proximity to retail centers like The Market at Cane Bay, North Creek Marketplace at Nexton and The Shoppes at Nexton. The location affords fantastic access to local schools and major employers in the area, such as Boeing, Volvo, Walmart, Mercedes Benz/Daimler, Bosch and Joint Base Charleston.
Regional connectivity is a breeze via nearby Hwy 176, with access to Hwy 17 and Interstate 26, leading to Goose Creek, Summerville, Ridgeville and North Charleston. Resident parking is accommodated by 520 surface parking spaces and 35 leasable garage spaces.
“Emblem Can Bay North helps to address the needs of the often overlooked middle-income demographic, and we are proud to partner with Quarterra to bring an Emblem community to the rapidly expanding Charleston MSA,” said Carlos Burneo, Nuveen’s lead for housing development in the U.S. “Delivering more attainable rental opportunities is one of our primary objectives, and the standardized concept behind the Emblem brand aligns with our overall housing strategy. This is an exciting start to our development relationship with Quarterra.”
Emblem Cane Bay North consists of one-, two- and three-bedroom apartment homes, ranging from 738 to 1,434 square feet. Homes are equipped with kitchen island pendants, stainless steel Whirlpool appliances, quartz countertops, tile backsplash, luxury vinyl plank flooring throughout with carpet in bedrooms and substantial walk-in closets. Bathroom highlights include tile surrounds with oversized tubs and quartz countertops. All homes feature ample shelving and floor plans designed to maximize natural light.
Catering to an active lifestyle, all residents have access to a community clubhouse with indoor lounge, a swimming pool with a deck-side sunshelf, two outdoor grilling stations and an on-site dog park.

Powered by WPeMatico