WAKE FOREST, NC – Middleburg Communities announced it is slated to break ground this month on Hamlet Quail Crossing, a 260-unit BTR (built-to-rent) community in Wake Forest, North Carolina, part of the Raleigh-Durham MSA. The community will feature 234 detached cottages and 26 duplex units at full build out, and pre-leasing is expected to start Q3 2025. Hamlet Quail Crossing will be the eighth BTR development that Middleburg has started during the past three years.
The Raleigh MSA has attracted significant attention from capital and consumers alike and for excellent reason, said TJ Sedeski, Managing Director of Investments at Middleburg. The employment and education opportunities, pro-business policy, and work/life balance make it a compelling place to both live and invest and we believe we re meeting an unmet demand for high-quality rental cottages which do not currently exist in the Wake Forest submarket.
Hamlet Quail Crossing is located at 1423 Deerfield Drive, about 5 minutes from historic downtown Wake Forest and adjacent to a heavily trafficked thoroughfare that connects residents to Route 1 which leads to the major Raleigh job centers within a 30-minute commute including Downtown Raleigh, Research Triangle Park, and North Hills, to name a few.
Sedeski continued: The Town of Wake Forest has maintained a small-town feel throughout a period of meaningful commercial growth. Our strategic location benefits from a high volume of cars which pass by the property on a daily basis, proximity to the historic downtown area which features an array of charming shops and restaurants and convenient access to new retail developments anchored by Wegmans and Lowes Foods. Additionally, we re grateful to Synovus Bank for their continued support and confidence in our organization.
Hamlet Quail Crossing follows Middleburg design standards which include a full suite of amenities, abundant open green spaces, and walkable streetscapes. The community will include 1-, 2- and 3-bedroom floorplans ranging from 790 to 1,733 square feet. All units will feature stainless steel appliances, quartz countertops, luxury vinyl plank flooring, and in-unit washers and dryers. Residents will have access to best-in-class amenities, including a clubhouse with a pool and fitness center, a dog park and pet spa, co-working spaces, and electric vehicle charging stations.

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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.

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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.

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