INDIAN LAND, SC – Argyle Real Estate Partners, a real estate investment firm focused on multifamily acquisitions in the Southeast and Texas, announced the acquisition of Indigo at Cross Creek in Indian Land, SC within the greater Charlotte MSA. Cadre, a real estate investment firm that has invested over $4B of real estate, serves as the joint venture partner on the deal.
“We’re pleased to partner with Cadre on such a quality, off-market opportunity,” said Ryan Reyes, CEO of Argyle. “Our objectives are aligned, and with Indigo at Cross Creek being so strategically located in the epicenter of such a robust submarket, it’s a fantastic first venture for us to embark on together.”
A 303-unit community, Indigo at Cross Creek was built in 2017 and features spacious 1, 2, and 3-bedroom apartments with units averaging nearly 1,150 square feet. All units offer best-in-class amenities such as stainless-steel appliances, granite countertops, tile backsplash, washer-dryer combos, 9′ ceilings, and bathrooms furnished with double vanities, while premium exterior amenities include a fully equipped resort-style pool with a cozy lounge/entertainment area featuring outdoor kitchens, a synthetic turf putting green, a bocce ball court, and a lavish clubhouse that offers access to both business and leisure resources for residents to delight in.
Indigo is approximately 30 minutes from Uptown Charlotte and 10 minutes from the Ballantyne suburb, an affluent and highly desirable area with numerous major employers, top schools and trendy retail and restaurants.
“Charlotte has seen tremendous positive migration over the last several years given its explosive job growth and lower cost of living compared to other major cities with similar demographics,” said Mike Cacciatore, Principal for Argyle. “The Indian Land and Ballantyne submarkets have similarly experienced rapid growth during this same time period and are poised to continue doing so. These positive tailwinds made Indigo an attractive investment.”

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MCLEAN, VA – Sunrise Senior Living, an industry pioneer and leading provider of senior living services, based in McLean, VA announced the opening of its newest community in the Northern Virginia-region: Sunrise of McLean Village.
Situated in the heart of McLean, Sunrise of McLean Village is located in dynamic Northern Virginia area, home to the first Sunrise more than 40 years ago. This new community proudly continues the company s tradition of providing high-quality senior living as it starts welcoming its first residents this month. Built in partnership with Alexandria, VA-based architect, Rust | Orling Architecture, and general contractor, The Whiting-Turner Contracting Company, Sunrise of McLean Village will be home to more than 120 residents. The community will offer helped living accommodations and memory care for those living with memory loss.
We look forward to proudly continuing our legacy in McLean with the opening of Sunrise of McLean Village, shares Maureen Davis, Sunrise of McLean Village s Executive Director. Being raised locally, I appreciate our uniqueness. This community will help make the area even more remarkable. My team and I will keenly welcome our new residents and their loved ones into the Sunrise family. We will serve our residents according to their preferences. Giving them the lives they want, deserve, and have earned.
The three-tale property spans nearly 90,000 square feet of space. The building s brick façade fits seamlessly into the surrounding area s historic and traditional feel but brings a unique touch with its large picture windows and subtle modern design elements. Sunrise of McLean Village s interiors were designed by Sunrise s in-house design team that took every detail into account while designing the spaces. Using the natural light from the large windows, the common spaces are bright and stylishly decorated with curated furniture, built specifically for this community. Residents will delight in the community s sophisticated air paired with its cozy, home-like feel. A special piece of Sunrise of McLean Village s design can be found along the interior walls which are lined with works from local artists and creators.
Sunrise of McLean Village offers several intentionally-designed amenity spaces to promote activity and engagement throughout the community. These amenities include large common spaces like the dining room and the contemporary bistro, which will feature a bar for entertainment, social hours and events for residents and their families.
Additional amenities will include a fitness center, library, two sunrooms, activity room, hair and nail salon and a massage room. A special element of the community is its emphasis on access to outdoor space. These amenities include five covered porches, a large outdoor terrace, two rooftop terraces, and a public-private heritage garden. This area will have sections for public use and a section for residents only. The garden will feature landscaping with native plants, benches as well as accessible walking paths. The community is pet-friendly so residents can look forward to enjoying this area with their own furry friend if they would like.
The community s location on McLean s Chain Bridge Road provides connectivity for residents and their families. Residents will be able to take advantage of daytrips to historic and cultural sites in Washington, D.C., visits to the region s many landscaped parks and nature preserves, and upscale shopping and fine dining at Tysons Corner.
Sunrise of McLean Village will join nearly 20 other operating Sunrise communities across the region. The last community to open in Northern Virginia was Sunrise of Fairfax, which opened in 2021 and won a 2022 Senior Living by Design Award from Argentum. Sunrise is also nearing the completion of Sunrise of Vienna, one of the town s first helped living communities, which is scheduled to open later this year.

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NEW YORK, NY – Nuveen, the $1.1 trillion asset manager of TIAA, is acquiring a portfolio of assets from Omni Holding Company, a leading owner, operator and developer of affordable housing nationwide.
The Omni transaction positions Nuveen as one of the nation’s largest institutional managers of much-needed affordable housing. The deal increases the value of Nuveen’s affordable housing assets under management (AUM) to $6.4 billion and builds on the firm’s long history of responsible investing and stewardship in pursuit of attractive long-term returns for investors. Financial terms of the transaction were not told.
The acquisition of Omni also significantly expands Nuveen’s scope in affordable housing as the firm continues to preserve existing affordable housing units and protect at-risk units from market-rate conversion so residents can remain in their homes. Nearly all of Nuveen’s impact housing portfolio serves low-income residents earning 60% of area median income (AMI) or less.
“The acquisition strongly advances our ability to promote greater financial inclusivity, and health and wellness in communities that have lacked meaningful and lasting investment,” said Nadir Settles, Global Head of Impact Investing at Nuveen Real Estate. “Our strong commitment to affordable housing—and the communities where we are operating— is also a strong commitment to our clients, who are long-term supporters of this strategy.”
Nuveen is managing this newly bought portfolio of assets for the TIAA General Account (GA) and for the benefit of retirement plot participants. Affordable housing is an vital part of the GA’s impact investing strategy and is well suited to the GA’s diversified portfolio, which is built to deliver predictable returns over the long term.
Founded in 2004, Omni has bought, rehabilitated or built 94 projects in the U.S. with more than 19,000 affordable housing units. The Omni portfolio is largely concentrated in the New York metro area, with more than 10,000 units located in the Bronx, Brooklyn, Queens, Manhattan, Long Island, and Newark, N.J.
“Our goal is to meaningfully invest in the preservation and expansion of high-quality affordable housing to support the well-being of rent-burdened residents within local communities,” said Pamela West, Senior Portfolio Manager of Impact Investing at Nuveen Real Estate. “With the Omni transaction, we can develop and manage properties across the U.S. and achieve the desired outcomes for residents and investors.”
With extensive experience investing in U.S. affordable housing dating back to 1992, Nuveen’s transaction with Omni comes amid a shortage of quality affordable housing and deepens the firm’s dedication to advancing change through impact investing.
The lack of affordable housing is a major economic and societal challenge, particularly as rent inflation outpaces income growth for mid- to low-income earners and the housing supply deficit continues into its second decade. Nearly half of U.S. renters are rent-burdened, meaning they are paying more than 30% of their income toward rent. Within this rent-burdened demographic, one in four renters are severely rent-burdened, meaning they pay more than 50% of their income toward rent.
“Demand for more affordable housing is intensifying nationwide, and investors increasingly are attuned to emerging opportunities to invest in housing that benefits society and also produces long-term positive and predictable performance,” said West.
As part of the transaction, Nuveen will buy Omni’s best-in-class affordable housing capabilities in development, construction, maintenance, safety-technology and corporate functions to make an enhanced, vertically integrated affordable housing asset management business for Nuveen.
Over the last decade, Nuveen has invested substantially in affordable housing on behalf of the TIAA GA and third-party clients. As a result of the transaction and pending approvals of other related acquisitions, the TIAA GA is expected to own 161 affordable housing investments with approximately 32,000 units across 24 states valued at $6.4 billion.

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