OAKLAND, CA – The Martin Group and STARS REI announced the acquisition of two apartment properties located in Oakland, California. The partners closed on the acquisition of Anton Edge, a brand-new 91-unit luxury apartment complex located in the heart of Oakland’s Pill Hill neighborhood. The partners also closed on the recapitalization of Alice House, a recently completed 79-unit luxury apartment complex located in Oakland’s Lakeside neighborhood. Anton Edge will be rebranded as Edson House and operated in conjunction with Alice House to make a 170-unit portfolio.
“We are long term believers in Oakland’s growth trajectory based on the strength of its medical and other non-technology focused employment base,” said Justin Osler, Co-Managing Partner at The Martin Group, a leading multifamily developer in the San Francisco Bay Area. “We reckon the Pill Hill neighborhood will continue to flourish as centralized, large-scale medical facilities increase their physical footprint in the face of strong demand. Similarly, the Lakeside neighborhood’s access to Lake Merritt, BART and Oakland’s vibrant food scene as well as the upcoming pedestrian and cyclist improvements on 14th Street bode well for Alice House’s continued growth. We are thrilled to close both these transactions with STARS REI who has been an brilliant partner.”
Both Alice House and Edson House consist of a mix of studio, one-, and two-bedroom units, all outfitted with quartz countertops, backsplashes, stainless steel appliances, full size washer dryers, wide plank flooring, kitchen islands, smart access control, as well as private outdoor space in some units. The buildings are both highly amenitized with abundant open space along with dog wash stations, chef’s kitchens, clubrooms, co-working spaces, BBQs and outdoor TVs.
“We maintain our long-term conviction on the Bay Area due to its irreplicable business ecosystem. Fantastic opportunities appear in uncertain times, so instead of putting our pencils down, we are trying to be as active as possible in finding high-quality buildings such as these two. This was a unique opportunity to buy a fully stabilized trophy mid-rise portfolio at a basis significantly below current replacement cost,” said Felipe Bertoni, Vice President at STARS REI, a privately held real estate investment management company headquartered in Santiago, Chile. “We are very excited to expand our Bay Area portfolio in these fantastic neighborhoods with an experienced partner.”
JLL represented the Seller of Anton Edge. Additionally, financing for both transactions was arranged by JLL and provided by First Republic Bank. The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Brandon Geraldo, Matt Kroger, Ryan Wagner and Max Machiorlette and the JLL Capital Markets Debt Advisory team was led by Senior Director Brandon Roth.

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CHARLESTON, SC – Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announced that it has broken ground on its very first luxury apartment community in the state of South Carolina. Located in the booming West Ashley submarket of Charleston, Aventon Bees Ferry will be a 30-acre project encompassing 394 units and proximate to major employers as well as world-class dining and shopping options including the historic downtown Charleston peninsula.
With spacious one, two and three-bedroom floorplans, each apartment within Aventon Bees Ferry will be outfitted with the company’s signature high-end finishes, with details normally found only in luxury single family housing. The expansive amenity package at Aventon Bees Ferry will include a community clubhouse with hospitality-inspired design and spaces for lounging, remote work and fitness. Amongst its two courtyards, residents will delight in a resort-style pool and gaming lawn in the primary courtyard, and a nature-centered space for tranquility and relaxation in the secondary courtyard. This pet-friendly community will also feature a pet spa and on-site dog park. Each of the four-tale buildings within the development will offer elevator access. Aventon Bees Ferry is expected to open in early 2024.
“With Charleston consistently experiencing year-over-year employment growth while seeing its economy and tourism industry reach unparalleled heights, Aventon chose to launch our first project in South Carolina here. South Carolinais a key part of our regional growth plot,” said Ron Perera, Senior Managing Director. “Aventon Bees Ferry will provide luxury living amongst all that the city has to offer.”
The property’s buildings were designed by Watts Leaf Architects, with interior design curated by Studio 5 Interiors, Inc. Landscaping and hardscaping for Aventon Bees Ferry was designed by local South Carolina firm, Thomas & Hutton. The community is located near the intersection of Bees Ferry Road and Savannah Highway. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing over 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

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MIAMI, FL – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of Oak Enclave Miami, a newly developed, 420-unit, mid-rise multifamily community in Miami Gardens, Fla. The community adds to HGI’s growing Miami portfolio, marking the eighth property under HGI’s ownership in Miami-Dade County, comprising nearly 2,000 units. HGI will assume the in-place loan for the property.
Completed in June 2022, HGI will work to end the lease-up and stabilize operations of the community upon assuming ownership and management.
“Through our deep knowledge of the Miami multifamily market, we were able to coordinate with the seller to buy this asset at an attractive basis and close on a quick timeline,” said Richard Litton, President, HGI. “As the Miami MSA continues to experience strong in-migration, both outside of and within Florida, we see opportunity in submarkets such as Miami Gardens as residents seek well-located housing at an affordable price point.”
HGI has continued to be an active investor in commercial and multifamily real estate amid ongoing market volatility. During the second half of 2022, the firm bought 10 multifamily properties throughout the U.S., totaling over 4,000 units, inclusive of Oak Enclave Miami. In 2022, HGI completed a total of $6.7 billion in transactions, spanning acquisitions and dispositions.
Oak Enclave Miami offers residents a commuter-centric location with direct access to the area’s employment centers. The community is near several transportation options, including the Palmetto Expressway, Interstate-95 and the Florida Turnpike, offering access to approximately 820,000 jobs within a 25-minute drive. The community is also in proximity the Golden Glades Tri-Rail Station, connecting residents to the Miami Health District, Miami International Airport, Aventura, Hollywood and Fort Lauderdale, with a plotted expansion to downtown Miami.
Oak Enclave Miami’s amenities include a 24-hour fitness center, multi-purpose clubhouse, playground, swimming pool and 24-hour monitored gate access. The community sits across 14 acres, with more than a third of the property designated as outdoor space. Units feature a private balcony or patio, 10-foot ceilings, stainless steel appliances and modern finishes.

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