HACKENSACK, NJ – Waypoint Residential introduces its groundbreaking new 235-unit community, The Walcott Hackensack, as it welcomes new residents to the Hackensack, New Jersey, neighborhood.
“The Walcott Hackensack is located at a desirable Main Street location that offers simple access to public transportation as well as a walkable experience within the up-and-coming urban community of Hackensack,” Scott Lawlor, Founder & CEO of Waypoint Residential, said. “The local area features modest dining, nightlife, and shopping – providing a superior, sophisticated and upscale experience for residents all within walking distance.”
Professionally managed by Greystar, a global industry leader, this six-floor building features an array of landscape viewings. While its northwest homes overlook the Hackensack River and an evergreen terrain, the southeast corner of the building features an alluring escape of the Manhattan skyline. Built with a unique mix of classic brick and modern metal on its exterior, the interior homes offer distinctly modern and luxuriously- appointed appliances and finishes. Apartment homes are available in an assortment of rentable two-tale townhomes and loft homes, standard studio, one-, and two-bedroom options. Headlined by their chef-inspired kitchens, all homes include custom stone islands and countertops, full-size washers and dryers, spacious walk-in closets, hardwood flooring, and private terraces or juliette balconies.
Flooded by natural light, the building lobby features double-floor windows and an interior design package that nods to sophistication. The Walcott’s amenities allow for ample spaces to lounge, leisure, and work from home as the community includes individualized co-working and conference room spaces. Indoors, residents will delight in a visual golf simulation facility, a game room with billiards and shuffleboard, and a state-of-the-art fitness studio and gym with top-of-the-line equipment. The center of the community is decorated with an outdoor deck and heated pool with other notable features that include a fire pit, an outdoor kitchen with gas BBQ grills, and a TV lounge.

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CHARLOTTE, NC – Housing & Neighborhood Services Director Shawn Heath, other community officials, and project partners, joined representatives of The NRP Group, a vertically-integrated, best-in-class developer, builder, and manager of multifamily housing, at a ribbon-cutting ceremony to celebrate the grand opening of Sundale Flats, the newest affordable housing community bringing 180 units to residents earning at or below 80% of the Area Median Income (AMI) in Charlotte, N.C.
Providing the residents of Charlotte with more quality affordable rental housing has been a top goal for the City as demand continues to rise, said Shawn Heath, Housing & Neighborhood Services Director, City of Charlotte. Sundale Flats, NRP s eighth community in Charlotte, will directly satisfy that need with conveniences and amenities that enable residents and families to thrive and experience the best of Charlotte. The community is the latest example of NRP s thoughtful and tailored approach to affordable rental housing and their ability to cater to the priorities of Charlotte residents. The City of Charlotte is thankful for affordable housing development partners like NRP that work with the City to make these opportunities.
Located at 2019 Aberdale Farm Lane, Sundale Flats is situated right off North Tryon Street on Eastway Drive in northeast Charlotte, just five stops north of Uptown and close to the Ancient Concord Station on the LYNX Blue Line Light Rail system. Residents also delight in convenient access to the light rail extension with the Ancient Concord Blue Line station less than half a mile away, and a 16-foot wide, multi-use path connecting the community to a larger network of trails. The multi-use path will be part of the 26-mile Cross Charlotte Trail (XCLT) that stretches from the City of Pineville through Center City and onto the UNC Charlotte campus and Cabarrus County Line.
The combination of the Blue Line and XCLT provides residents with convenient access to downtown Charlotte, major employment centers, and recreational opportunities without having to rely on a car. Also located within walking distance is the recently renovated Eastway Recreation Center, ample retail including a Compare Foods and Family Dollar, and Martin Luther King Jr. Middle School.
The need for affordable housing in Charlotte has only grown more acute as a result of the city’s primary location in a buzzing Sunbelt growth market, said Jason Mochizuki, Vice President of Development at The NRP Group. We re honored to help meet that demand with Sundale Flats, a community that will provide families with seamless access to Charlotte s submarkets like Uptown and University City, employment opportunities, retail, dining and more.
Sundale Flats comprises three identical, four-tale residential buildings utilizing a wood frame, elevator-serviced construction style with surface parking. The development also has a freestanding community building with a leasing office. Floor plans feature two-, three- and four-bedroom apartment homes purposefully designed for families with wooden cabinetry, walk-in closets, full size washer and dryer connections, dishwashers and more. Shared amenities include a fitness center, clubhouse and community lounge, business center, playground, outdoor grill and picnic area, on-site laundry room, and on-site parking.
Local and regional partners, including The City of Charlotte, The North Carolina Housing Finance Agency, Inlivian (formerly known as The Charlotte Housing Authority), and Bank of America, provided financing for Sundale Flats. Community Housing Resource Partners, Inc. is the project s not-for-profit development partner.

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INDIANAPOLIS, IN – Real estate private equity firm Gray Capital has closed on their acquisition of Echo Park Apartments, a 154-unit luxury multifamily apartment community located in Bloomington, Indiana.
Gray Capital’s business plot includes a core-plus strategy to improve onsite management and significantly reduce expenses through efficiencies with other Bloomington multifamily assets. Gray Capital’s property management company, Gray Residential, is now managing Echo Park as well as nearby apartment property Forest Ridge.
“Gray Capital is actively looking to expand our footprint in the Bloomington market, and Echo Park is an brilliant addition to our existing portfolio and for The Gray Fund. Bloomington is significantly underhoused with major deficiencies in A-class market rate apartments, so Echo Park is positioned extremely well. Coupled with our low fixed-rate financing terms that we were able to assume, the asset is set up for long term success ” says Spencer Gray, President and CEO of Gray Capital.
Echo Park is the fourth property within Gray Capital’s $100 million multifamily investment fund, The Gray Fund, and it follows the acquisition of Terre Haute-area Sycamore Terrace, Club Meridian in Lansing, MI, and Indianapolis apartment property Stonybrook Commons in 2022.
Gray Capital’s acquisitions in the past year, Echo Park, Sycamore Terrace, Club Meridian, and Stonybrook Commons, total over $155 million and are part of Gray Capital’s $775+ million in assets under management and more than $2 billion in commercial real estate transactions to date since its founding in 2015.

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