SANTA FE, NM – The Bascom Group has bought San Miguel Court Apartments, a 1974 built, 96-unit garden-style multifamily property located at 2029 Calle Lorca in Santa Fe, New Mexico. Ryan Greer and CJ Connelly of CBRE arranged the debt financing for the acquisition with LaSalle Debt Investors as the lender. Apartment Management Consultants will provide property management, and SD-CAP will provide construction management services.
With the unprecedented interest rate increases over the past year and subsequent decline in apartment values, San Miguel Court continues the brisk acquisition pace for Bascom in 2024, marking the firm’s third acquisition this year. The buy of San Miguel Court comes on the heels of recent Bascom acquisitions including, The Overlook, a 344-unit garden style multifamily property located in Albuquerque, New Mexico, and Texan26, a 204-bed student housing community in Austin, Texas.
San Miguel Court features a diverse unit mix, including one-, two- and three-bedroom units with in-home washers and dryers, hardwood-style flooring, stainless steel appliances, and large walk-in closets. The low-density property sits in a desirable infill location, offering residents access to a vibrant neighborhood, with proximity to major employment hubs, entertainment, shopping, dining, and recreational facilities.
Tom Gilfillan, Bascom’s Vice President of Acquisitions, expressed enthusiasm about the addition of San Miguel Court to Bascom’s portfolio: “We are thrilled to buy San Miguel Court, an exceptional asset boasting highly efficient floorplans and ample greenspace within a desirable Santa Fe location. The property is conveniently situated near various key amenities such as shopping centers, highly acclaimed restaurants, and major employers. We are encouraged by the ongoing growth in Santa Fe, propelled by robust job expansion and a favorable economic environment, and we are enthusiastic about delivering high-quality living experiences to residents and contributing to the sustained development of the community.”
Santa Fe’s expanding economy, along with an appealing climate and exceptional quality of life, has fueled recent growth in both the population and labor force. In 2023, Santa Fe saw a significant surge, marked by a 3.9% increase in the labor force and the addition of 2,300 new jobs. Key contributors to Santa Fe’s employment growth include the Los Alamos National Laboratory (LANL), a growing hub for scientific innovation and a major catalyst for economic expansion in New Mexico, the quick-emerging Film and Entertainment Industry, marked by new studio developments in Santa Fe’s Midtown District, and the Christus St. Vincent Regional Medical Center, which recently broke ground on a 72,000 square-foot Cancer Center expansion, expected to open late 2024.
Santa Fe is widely considered one of the country’s fantastic havens for arts and culture, due to its numerous galleries, museums, and installations. Santa Fe is the capital of the state of New Mexico and the fourth-most populous city in the state. Tourism is another major element of the Santa Fe economy, with visitors attracted year-round by renowned five-star resort facilities and numerous outdoor activities.
Paul Zakhary, Bascom’s Senior Vice President of Portfolio Operations, outlined Bascom’s plans to enhance San Miguel Court, aiming to make it a top choice for multifamily living in the area: “Bascom plans significant community amenity improvements including a new fitness center, resident clubhouse, leasing office, dog park, and a large central park with covered BBQ stations, bench seating, outdoor games, and tot-lot. Complimenting the significant community amenity enhancements, Bascom is plotting additional upgrades including exterior paint, aesthetic site lighting, landscaping, and unit interior renovations.”
San Miguel Court stands out due to its advantageous infill location, offering simple access to highways, shopping centers, and major employment centers. Within a convenient 10-minute drive, residents can reach the historic Santa Fe Plaza, the developing Midtown District, and key employers such as Christus St. Vincent Hospital, the New Mexico State Capitol, and the Santa Fe office of the Los Alamos National Laboratory.

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CHELMSFORD, MA – Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, announced construction has commenced on its latest Alexan community, a 340-unit, luxury multifamily residence in Chelmsford, Massachusetts. TCR will serve as both the developer and general contractor on the project, and construction completion is anticipated for Q4 2025.
Located at 255 Princeton Street, Alexan Chelmsford will redevelop the former UMass Lowell West Campus into a tranquil, 32-acre residential community. Studio, one-bedroom, two-bedroom, and three-bedroom units equipped with stainless-steel appliances, wood-style plank flooring, in-unit washers and dryers, and spacious walk-in closets will be situated within four-tale, elevator-serviced buildings. The development will also offer three-bedroom townhome units with premium unit finishes and integrated garages.
First-class amenities will include a resort-style pool, outdoor courtyards, grilling stations, a state-of-the-art fitness facility, a craft room, and a resident clubhouse complete with a gourmet kitchen and gaming room. Alexan Chelmsford s charming New England setting will be enhanced by the 6.75-acre, deed-restricted wetland area at the entrance to the community. The site s location will allow future residents to easily access Greater Boston s largest employment centers including the Route 3 Tech Corridor, the Route 128 Corridor, the I-93 North Corridor, and downtown Boston.
We are incredibly excited to break ground on Alexan Chelmsford. This community will provide future residents with an unmatched residential experience within a country setting and will be an attractive option for residents in the area. This development is a continuation of our company s efforts to meet Greater Boston s housing demand, said Andy Huntoon, Managing Director, Northeast Division of Trammell Crow Residential. We appreciate the team effort, support, and partnership of our financial stakeholders, municipality representatives, and community members who have helped bring this project to the area.
Last year, TCR announced the groundbreaking of Alexan Waltham, a 210-unit luxury multifamily community in Waltham, Massachusetts, slated to be completed in Summer 2025, and the groundbreaking of Alexan Peabody in Peabody, Massachusetts, anticipated to be complete in Q4 2025. With the addition of Alexan Chelmsford, TCR s Northeast apartment portfolio has nearly 2,000 apartment units in various stages of development.

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NASHVILLE, TN – Southwest Value Partners and StreetLights Residential, development partners of two multi-family residential towers under construction at Nashville Yards, announced that leasing will start this summer. Named The Everett and The Emory, the 34- and 35-tale towers are expected to open in November 2024 and will together offer more than 650 residences for rent in the heart of Nashville Yards in downtown Nashville.
The Everett and The Emory are at the center of Nashville s finest amenities – a safe, healthy, walkable, 19-acre master plotted community with abundant green and open space, and steps away from world class dining, retail, health and entertainment offerings, said Cary Mack, Managing Partner of Southwest Value Partners. These towers are also a small walk to work for the many thousands of fantastic jobs offered by our tenants Amazon, CAA, AEG Presents, Pinnacle, Bass Berry & Sims, PricewaterhouseCoopers and others. Nashville Yards is going to be an exceptional place to live, and we can t wait to welcome our first residents.
Rising above the city skyline, the buildings, which recently “topped out” and entered the final phase of construction, will offer diverse living spaces and private, on-site parking. The spacious residences are marked by thoughtful design, spectacular downtown views, and a variety of high-end amenities, including custom kitchen cabinetry, top-of-the-line kitchen appliances, dine-in islands, spa-grade bathrooms, customizable closets, SONOS sound systems, and wine refrigerators.
The two residential buildings will also offer a variety of luxury features, including a shared third floor amenity deck with a pool, fitness center, game room, resident bar, co-working space, and golf simulator. The Everett s 33rd floor and The Emory s 34th floor will offer their own Sky Lounge complete with a rooftop dog park, additional coworking space and catering kitchen for events. Click here to sign up to receive information about residential leasing opportunities at Nashville Yards.
Southwest Value Partners has made a dynamic destination through their vision of Nashville Yards, said StreetLights Senior Vice President of Development Rob Bratton. We believe residents will be attracted to the thoughtful sense of place as well as the exceptional residential experience we have crafted together. As a design-driven company, our desire is to build communities that enrich the lives of residents and neighborhoods, and our partnership with Southwest Value Partners will help bring this vision to life.
Beyond the best-in-class residential and building amenities, residents of The Everett and The Emory will be able to take advantage of the thriving community at Nashville Yards. Nearby food and beverage options include the forthcoming Ocean Primeand Fogo de Ch&atilde restaurants along with Crisp & Green, a health-conscious quick-casual option, and The Urban Juicer, both already open in the base of Amazon Tower 1. The Pinnacle, a state-of-the-art, 4,500-capacity music theater operated by AEG Presents, and Elevate Entertainment Group s EVO Cinemas, a luxury dine-in cinema and experiential entertainment venue, are both steps away and expected to open in early 2025. Additional dining and retail options will be announced in the coming months.
Residents will also be able to delight in the more than seven acres of open plazas, courtyards, and green spaces plotted at Nashville Yards, including the Ascension Saint Thomas Landing. Nearby wellness offerings include Orange Theory, which is located next to Crisp & Green in the base of Amazon Tower 1, and Iconix Fitness, a high-end wellness and recovery focused fitness club slated to open at Nashville Yards in summer 2025. Residents and tenants of Nashville Yards will receive priority placement at The Goddard School, which is expected to open in Spring 2025 and enroll approximately 250 children.
StreetLights Creative Studio is the architect of record for the project and is handling all interior design in-house. Clark Construction is the general contractor.

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