ATLANTA, GA – Atlanta Housing (AH) and its development partner Integral celebrated the groundbreaking of Ashley II at Scholars Landing. Spanning 5.9 acres on the grounds of the former University Homes public housing community, Ashley II is the largest and final rental phase of the transformative Scholars Landing masterplan to close under the $30 million Choice Neighborhoods Implementation Grant (CNIG) awarded to AH and the City of Atlanta by the U.S. Department of Housing and Urban Development (HUD).
This momentous occasion was commemorated in tandem with the grand openings of Ashley IA/B, and The Vine at Scholars Landing, two mixed-income developments comprised of 135 and 72 units respectively. The celebration, which took place onsite, opened with remarks from Mistress of Ceremonies and President of Integral Vicki Lundy Wilbon, Mayor of Atlanta Andre Dickens, Deputy Secretary Adrianne Todman of the U.S. Department of Housing and Urban Development (HUD), and Commissioner of the Georgia Department of Community Affairs (DCA) Christopher Nunn. The event finished with reflections and words of appreciation for a shared vision expressed by both Atlanta Housing President and CEO Eugene E. Jones, Jr. and Chairman and CEO of Integral Egbert L.J. Perry.
The groundbreaking of Ashley II and the celebratory grand openings mark a significant achievement in affordable housing development in Atlanta. Ashley II will include 212 multifamily rental units comprised of one-, two-, three- and four-bedroom apartments with sweeping views. Aligning with Atlanta Housing’s commitment to making inclusive, vibrant neighborhoods that promote diversity and opportunity, over half of these units will be affordable. An announcement was also made kicking off the partnership’s impending project, The Towns at Scholars Landing, which will feature 40 luxurious townhomes and 36 flats ideal for those seeking to invest in a permanent residence and build generational wealth. Twenty percent of these will be affordable to those at or below 80 percent of Area Median Income (AMI).
“Atlanta Housing is proud to collaborate with the City of Atlanta, HUD, the Georgia Department of Community Affairs and Integral to bring Ashley Scholars Landing Phase II to fruition,” said AH President and CEO Eugene E. Jones, Jr. “This milestone demonstrates our shared commitment to making thriving, inclusive communities that offer residents access to safe, quality housing and a brighter future.” Under the Choice Neighborhoods Grant, aimed at transforming communities and enhancing the lives of residents, 267 rental units have already been successfully delivered, of which 82 percent are affordable.

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DALLAS, TX – S2 Capital, a vertically integrated multifamily investment manager, announced it has bought Falltree, a 126-unit multifamily property located in Mesquite, Texas; and Silverbrook, a 642-unit multifamily property located in neighboring Grand Prairie, Texas. Terms of the transactions were not told.
“These deals mark the first acquisitions for S2 in 2023 as we have remained very patient with our capital as pricing and capital markets continue to deteriorate. These deals transacted at a basis that felt very compelling for our investors in markets we know extremely well,” said Ryan Everett, Vice President of Acquisitions. “Both of these new acquisitions are located within a few miles of other multifamily assets owned by S2. Our strategy of geographic proximity of properties provides economies of scale in operating costs, which significantly increases the profitability of these assets.”
Falltree is located east of Dallas on 19200 Lyndon B Johnson Freeway in Mesquite, a submarket ranking third for rent growth among other Dallas-Fort Worth submarkets. The property offers convenient access to the I-30 and I-635 corridors and retail destinations like the Towne East Mall, Market East and the Marketplace at Towne Centre. S2 plans to enhance and reposition Falltree to compete with comparable renovated properties in the submarket, including renovating all units with stainless steel appliances, upgraded cabinetry, tile backsplash, granite countertops, wood-style flooring and contemporary fixtures. Updated exterior amenities will include a renovated clubhouse, swimming pools, added balcony and patio enclosures, paint and landscaping.
Located on 2934 Alouette Drive in Grand Prairie, Silverbrook is near a 172-acre entertainment district called Epic Center, and closely connected to Dallas and Fort Worth via I-30, as well as the Dallas-Fort Worth airport via President George Bush Turnpike and US-360. S2 plans to renovate all units with stainless steel appliances, granite countertops, upgraded fixtures and new flooring, tile and paint. Exterior amenity upgrades will include a reimagined community clubhouse, a tennis court repurposed as pickleball courts, new paint and balcony decking, a dog park and a swimming pool area surrounded by grill stations and pergolas.
CBRE’s Danny Baker and William Hubbard represented the sellers in these transactions. CBRE’s Harry Krieger represented S2 in securing financing.

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CHARLESTON, SC – Blaze Capital Partners and joint venture partner Cross Lake Partners announce the acquisition of The Retreat at Carlile, a 99-unit, Class-A townhome rental community in Summerville, South Carolina, a quick growing submarket just outside of Charleston.
“Among the fastest-growing areas in the country, Charleston’s population is booming as job growth and investment draws more people to the Low country – making unmatched demand for housing at a time when the cost of homeownership is reaching unobtainable heights,” said Eddy O’Brien, co-founder and managing partner of Blaze. “As economic conditions keep would-be homebuyers out of the market in the Charleston metro, build-to-rent communities are providing an affordable alternative, without requiring people to sacrifice the lifestyle and space offered by a more traditional neighborhood setting. The Retreat at Carlile provides an underrepresented rental townhome option to the Charleston market and as demand for this type of product intensifies, we’re pleased to add this community to our expanding portfolio.”
The Retreat at Carlile features two- and three-bedroom new construction townhomes ranging from 1,492 to 1,540 square feet in a 20.5-acre neighborhood. Construction for the community started in 2022. The townhomes feature nine-foot ceilings, espresso kitchen cabinets, patio storage, energy-efficient stainless steel appliances, gourmet-inspired kitchens, granite countertops and spacious walk-in closets. Each home has designated parking spots and the pet-friendly community features on-site management, a 24-hour fitness center, a pool and sun deck.
The property is ideally located six miles from I-26, allowing simple access to Charleston’s largest employers including Boeing, Volvo’s Ridgeville Plant, and Google. The Retreat at Carlile’s residents can delight in the ease of a suburban layout in Summerville with access to city offerings found in Charleston, voted the number one city in America by Travel & Leisure the last nine years. Preserved historic architecture, award-winning food, miles of pristine beaches and world-class entertainment, arts and culture span the region, offering endless relaxation and recreation options.
“Housing demand across the Summerville and I-26 corridor continues to rise given the rate at which population is growing. Build-to-rent properties combine affordability with the familiarity and comfort of the ‘home style’ market for residents who may be entering a new phase of life – bringing much-needed choices to the area’s housing stock at a time when there are more barriers than ever to purchasing a home,” said Adam Rapport, Partner and Head of Acquisitions at Cross Lake. “This acquisition aligns with our long-term view on housing as the market evolves, and we will continue investing in the Carolinas as the region experiences remarkable growth.”
Last October, Blaze and Cross Lake Partners sold Chamberlain Pines, a 132-unit townhome rental community in Summerville developed and sold by the JV partnership.
Blaze has continued to grow its rental housing portfolio significantly throughout the Sun Belt. In the past twelve months, Blaze has bought three active adult communities and two conventional multifamily communities, including most recently Integra Lakes, a 203-unit multifamily community in Orlando. Blaze expects to deploy capital opportunistically throughout the remainder of the year as the firm seeks to find attractive long-term plays amidst significant capital market volatility and dislocation.

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