HOUSTON, TX – Buchanan Capital Partners, an Austin, Texas performance-based commercial real estate investment firm, announced the recent off-market multifamily acquisition of Dakota at Bingle. Built in 2021, Dakota at Bingle is a 5-tale midrise apartment community consisting of 258 units in the rapidly growing submarket of Spring Branch in Houston, TX.
“We are thrilled to add Dakota at Bingle to our portfolio,” said Keith Buchanan, Founder of Buchanan Capital Partners. “This acquisition aligns with our strategy of investing in high-quality properties with an acquisition basis below replacement cost. We are focused on investing in submarkets with limited new supply pipelines and proximity to main employment corridors, and Spring Branch checks both of those boxes.”
Currently, many buyers are sidelined due to aggressive acquisition strategies executed at the peak of the market. This was fueled by a historically low interest rate and cap rate environment and was compounded by highly leveraged capital structures. As a value investor who only receives compensation upon investor performance, BCP’s business model forced them to be defensive over the last few years. BCP is now actively seeking to buy stabilized assets at a significant discount to replacement cost. Their goal is to be the preferred buyer for sellers who want a smooth execution without re-trading or concern about the buyer’s legacy portfolio condition.
Buchanan concluded, “Supported by BCP’s performance-based structure, our value investing philosophy requires patience and has resulted in consistent returns. We have been in a long bull market, and track records will be challenged. We have never lost investor principal or made additional capital calls, and do not foresee this changing. To capitalize on this market opportunity, we are actively expanding our investor base for the first time and encourage interested investors to contact us.”
Since the acquisition, Dakota at Bingle has been rebranded as Belle Spring Branch and is now managed by Valiant Residential, a top nationwide property management firm with over 35,000 units under management.

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RALEIGH, NC – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the topping out of a 20-tale Class A multifamily tower at 320 W. South Street in the Warehouse District of Raleigh, North Carolina within a qualified opportunity zone.
“This 20-tale, trophy multifamily tower is Capital Square’s crowning achievement in Raleigh,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Capital Square is pleased to be a part of something larger than ourselves the transformation of downtown Raleigh.”
Located at the intersection of the Boylan Heights neighborhood, Dorothea Dix Park and downtown Raleigh, 320 W. South Street will be one of only a select few luxury rental housing communities in the downtown submarket. The project includes 297 apartment homes, consisting of studios and one-, two- and three-bedroom units, along with 10,500+ square feet of ground-floor retail space and an adjacent, standalone parking structure with over 400 spaces. Onsite amenities will include a resort-style swimming pool, rooftop lounge, coworking space and state-of-the-art fitness center.
The apartment community is within simple walking distance of multiple downtown entertainment, bars and restaurant options, as well as the Red Hat Amphitheater and Raleigh Convention Center. Meanwhile, the property’s location, adjacent to U.S. 70, offers outstanding access to the Research Triangle and North Carolina’s well-known educational institutions.
“Capital Square is proud to mark this vital milestone in the development of 320 West South Street, where residents of this elegant property will delight in the finest amenities and spectacular views of the downtown Raleigh skyline and Red Hat Amphitheater,” said Whit Huffman, co-chief executive officer. “Perhaps more importantly, this is an vital step in the continuing transformation of the Raleigh Warehouse District into a vital and thriving 24-hour neighborhood, which will be accelerated by the arrival of hundreds of families who will make 320 West South Street and the surrounding neighborhood their home.”
Capital Square has partnered with JDAVIS Architects as building architect, W. M. Jordan Company as general contractor and York Properties as the retail leasing agent for the property. The design team also includes Architecture Firm as interiors designer and EDSA as landscape designer.
Development of 320 West South Street has been funded by Capital Square’s sixth qualified opportunity zone fund, CSRA Opportunity Zone Fund VI, LLC. More recently, Capital Square launched CSRA Opportunity Zone Fund VII, LLC to fund the development of a luxury multifamily development in the Scott’s Addition neighborhood of Richmond, Virginia, and CSRA Opportunity Zone Fund VIII, LLC to help finance the construction of a Class A apartment community adjacent to the University of Tennessee in Knoxville.
Capital Square’s opportunity zone funds have initiated in excess of $590 million in development value to-date.

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SAN ANTONIO, TX – NRP Group leadership, Community Housing Resource Partners and City of San Antonio (COSA) officials gathered at the future site of San Antonio s newest affordable housing community, Nova Lofts, to kick off construction of the 65-unit community on the city s Northeast side. Nova Lofts is The NRP Group s third affordable housing community in San Antonio to break ground this year, and second supported by the COSA Neighborhood and Housing Services department s 2022 Affordable Housing Bond Program (Bond).
As the City of San Antonio continues to grow, our focus on addressing housing needs remains paramount, said Mayor Ron Nirenberg. We are dedicated to ensuring all individuals and families have access to safe, affordable housing options across the entire city.
Located at 127 Rainbow Drive, Nova Lofts is a 65-unit development strategically placed near Alamo Heights, a multitude of essential businesses and employers, and public transit to ensure access to convenient, wraparound services and employers for residents. One to three-bedroom floorplans will serve residents earning 30-60% of the Area Median Income (AMI) and amenities within the four-tale complex include a playground, fitness center, community clubhouse and more.
Developments like Nova Lofts are an essential investment in the wellbeing of our entire community–now and for generations to come, said Councilman Marc Whyte, COSA District 10. The reinvestment along Austin Highway is an vital initiative to spur economic development along this major thoroughfare in the city of San Antonio.
In collaboration with Andy Benavides, President of Benavides Studios and Executive Director of S.M.A.R.T, The NRP Group has dedicated a part of the development budget toward the commission of a site-specific mural by San Antonio artists, Hailey Marmolejo, Danielle Edwards and Ashleigh Valentine Garza. The addition of the mural, which will be inspired by the celestial theme of the property, will also extend the momentum of the Downtown arts and culture movement and the Broadway Cultural Corridor further north along Austin Highway. This expansion will provide the community the opportunity to engage with public art right in their own backyard.
Public art not only beautifies our spaces but ensures that the soul of the city thrives with the unique voices and visionaries who call it home,” said Andy Benavides, President of Benavides Studios and Executive Director of S.M.A.R.T. We are committed to building community through art across the city of San Antonio.
The $24 million development was made possible through innovative funding partnerships, including a $2.7 million allocation from the Bond, and the State of Texas highly competitive 9% low-income housing federal tax credits. Additional funding partners include U.S. Bank.
“Nova Lofts is the third development to break ground with funds from the City s Affordable Housing Bond, continuing the City s initiative of providing quality home options for families, said Veronica Garcia, COSA Deputy Director of Neighborhood and Housing Services. We are thrilled to continue delivering on the Bond promise of building affordable rental options for San Antonio residents across all walks of life to delight in.
Development partner and local nonprofit, Community Housing Resource Partners, will provide and organize life-affirming resident services including after-school nutritional snacks, ESL help, healthcare screenings, financial literacy programming, job readiness and career preparation.
“When deciding where to place this much-needed housing resource, we brought partners together from across the city, county, and state to ensure the specific needs of the community were being met across the board,” said Jason Arechiga, NRP Group Senior Vice President of Development. “Thanks to an incredible level of collaboration across all stakeholders, we are able to bring high-quality, affordable housing to communities that need them most.
The first Nova Loft units will be ready for leasing January 2025 and the entire development is slated for completion by April 2025.

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