Quarterra Multifamily Starts Leasing at 268-Unit Harwood Luxury Apartment Community in Centrally Located North Phoenix Market

PHOENIX, AZ – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, announced the start of leasing at Harwood, a luxury community ideally located in North Phoenix.
Harwood includes 268 upscale apartment homes that offer the ultimate in comfort and convenience. Its spacious, well-appointed homes feature top tier finishes, providing the perfect combination of style and functionality. In addition to its perfectly appointed apartments, Harwood also offers a superb suite of amenities catering to nearly every interest. The community is strategically located near interstate highways and major thoroughfares, providing seamless connectivity to all parts of the valley.
“Harwood is the perfect home base for nearly every way of life, whether you’re a single outdoor adventure seeker, retired couple or a young family,” said Daniel Tilton, Senior Vice President of Development with Quarterra. “With access to recreation areas, top-rated schools and no less than 10 challenging golf courses nearby, Harwood’s location at Cave Creek and Loop 101 caters to a wide range of lifestyles. A curated list of amenities and thoughtful home designs make a welcoming place to call home, while the quick access to major transit routes lends itself to local outings or day trips.”
Outdoor lovers will appreciate Harwood’s proximity to Cave Buttes Recreation Area, Phoenix Mountain Preserve and a variety of other local recreation opportunities. Families will value the exceptional schools, including Fireside Elementary, ranked in the top 5% of schools in Arizona, and Pinnacle High School, nationally ranked by U.S. News and World Report for standardized test performance, graduation rate and college prep. Other local schools include Desert Ridge Junior High and High School. Kids and fun-seekers of all ages will delight in neighboring Adobe Mountain railroad park and Hurricane Harbor water park. Other nearby amenities include the Reach-11 Sports Complex, consisting of 18 lighted soccer fields, two baseball fields and concessions.
Harwood is surrounded by best-in-class restaurants, including Mastro’s City Hall Steakhouse, Tommy V’s Urban Kitchen & Bar, The Capital Grille, Right Food Kitchen and RA Sushi Bar Restaurant. The nearby Desert Ridge and High Street retail corridors are both less than seven minutes away, featuring Flower Child, Yard House, Ocean Prime, Kona Grill and Keg Steakhouse. The high-end retail centers at Kierland and Scottsdale Quarter are also easily accessible. For entertainment, the Musical Instrument Museum, Desert Botanical Garden, Phoenix Zoo, Arizona Science Center and OdySea Aquarium all offer unique local outings in the broader Phoenix Metro.
Situated at 2500 East Marco Polo Road, Harwood is only a two-minute drive from Loop 101 (Pima Freeway) which encircles the Phoenix Metro Area and runs east-west from the property. The community is also an simple drive from north-south thoroughfares AZ 51 (Piestewa Freeway) with access to Phoenix Sky Harbor International Airport. Nearby east-west arterials E Shea Boulevard property and E Bell Road parallel and intersect Loop 101, respectively. The regional connectivity place residents within commutable distance of regional employers, including: American Express, USAA, Intel Corporation, Honeywell Aerospace, Wells Fargo, State Farm, Banner Health, HonorHealth, Mayo Clinic and UnitedHealth Group.
Harwood includes a mix of studio, one- and two-bedroom apartment homes, ranging from 524 to 1,312 square feet. The modern homes include smart lighting controls, keyless entries and energy efficient HVAC with temperature controls. Kitchens feature pendant lighting and under-cabinet ambiance lighting, a stainless-steel appliance package, designer inspired ceramic tile backsplashes, undermount sinks with designer faucets and quartz countertops. Homes utilize luxury vinyl plank flooring throughout, with tile flooring and shower surrounds in bathrooms. Bedrooms are designed with expansive closets.
Residents of Harwood have access to a resort-style pool and spa courtyards with barbeque grilling stations. A comfortable resident lounge, state-of-the-art fitness center with outdoor terrace, pet spa and park, package lockers and package room, and EV charging stalls are all available for resident use.

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Argyle Real Estate Partners and Sembler Investments Acquire 576-Unit Multifamily Housing Portfolio in Tampa Submarket

TAMPA, FL – Argyle Real Estate Partners (Argyle), a real estate investment firm focused on multifamily acquisitions in the Southeast and Texas, together with Sembler Investments Real Estate Partners (SIREP), whose strategic partnership started in 2022, announced the acquisition of Sage at Cypress Cay, a 324-unit, core-plus, community and Lantana at Cypress Cay, the neighboring, core-plus, 252-unit community centrally located in Lutz, Florida, a suburb of Tampa, adding 576 units to their growing portfolio and establishing their geographical footprint in their flourishing hometown Tampa market.
“Tampa’s explosive growth tale started well before the pandemic with submarkets like Lutz reaping the benefits of those tailwinds and emerging as a top destination for professionals and families,” said Ryan Reyes, CEO of Argyle. “Given the Tampa Palms submarket’s affluent demographics, proximity to major hospital systems and projected future growth, we feel fantastic about planting this flag in our backyard with Sage and Lantana.”
Built in 2022, Sage at Cypress Cay offers 1, 2, and 3-bedroom units with “smart” technology, stainless steel appliances, full-size washers/dryers, granite countertops, plank flooring, and 9ft-high ceilings. External amenities include a resort-style pool with outdoor kitchens and firepits, a state-of-the-art clubhouse with a spacious lounge and billiards table, a first-class fitness center, and a large bark park and pet spa. Lantana at Cypress Cay was built in 2023 with comparable modern unit offerings and similar best-in-class external amenities as Sage. Due to the top-notch quality of this portfolio, Argyle will implement minor capital improvements to further enhance the community’s allure upon takeover.
“Sage and Lantana presented an brilliant opportunity to jump into our hometown market which has continued to sustain impressive growth over the last several years,” said Mark Sembler, CEO at SIREP. “With approximately 30k healthcare and education jobs in the immediate vicinity, and its proximity to Downtown Tampa, these two properties are well-positioned to benefit from these growing and diverse employment hubs and provide quality living solutions to these employees.”
Sage and Lantana are minutes from the University of South Florida (USF), Veterans’ Hospital, Advent Health’s main hospital campus and 20 minutes from Downtown Tampa, Water St., and Tampa’s Westshore Business District. The properties are also close to major highways I-275, I-75, and I-4, allowing residents simple access to the Bay’s award-winning beaches and other local attractions.

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Muinzer and Walton Street Capital Acquire Grant Street Station and South Street Station Student Communities Serving Purdue University

WEST LAFAYETTE, IN – Muinzer, a leading real estate investment firm specializing in student housing, announced the acquisition of Grant Street Station and South Street Station next to Purdue University in West Lafayette, IN. The acquisition was made in partnership with an affiliate of Walton Street Capital.
The properties total 362 student housing beds and are 99% pre-leased for the August 2024 school year. The transaction was successfully arranged by Randall Calvert of TSB Realty.
Muinzer’s buy caps over $250 million of student housing acquisitions in the preceding 12 months. “We will continue to buy student housing communities in the top university markets. I’m very proud of the Muinzer team for executing on yet another acquisition next to my alma mater, Purdue University,” said Marc Muinzer, Founder and CEO of his namesake firm. “The combination of our access to capital and our veteran student housing management team gives us a significant runway to continue acquiring,” added Mr. Muinzer.
Muinzer started investing in student housing in 2002 and is one of the largest owners and operators in the Huge Ten and SEC Conferences. “We have long-term conviction in student housing and are actively deploying capital towards our goal of acquiring an additional $2 billion of student housing communities near high-growth universities,” added Michael Snyder, COO of Muinzer.

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