HUNTSVILLE, AL – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of FarmHaus Apartments, a 324-unit Class A multifamily community located in the Huntsville suburb of Madison, Alabama.
“Huntsville is the epicenter of the military defense industry,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “With more PhDs and engineers per capita than any other city in the U.S., this tech-centric city is home to the nation’s second-largest research park, the U.S. Space & Rocket Center, and Redstone Arsenal that supports the national defense with large groups from the Department of Defense, Department of Justice, and NASA. Expanding Capital Square’s multifamily investment footprint in this stable and growing market just makes sense.”
Located at 1260 Balch Road, the 22-acre property offers open-concept one-, two-, and three-bedroom units averaging 973 square feet with top-of-the-line finishes, including stainless steel appliances, standalone kitchen islands with quartz countertops, in-unit washers and dryers, walk-in closets, keyless entry access and private patios or balconies. Community amenities include a resort style pool with large sundeck and cabanas, hot tub and spa, state-of-the-art fitness center, business center with a coffee bar, TV and gaming lounge, communal grilling station, as well as a fenced in dog park and pet spa.
FarmHaus is adjacent to the Clift Farm master development, which is home to numerous retail outlets including a 400,000-square-foot Publix. The property’s location along Highway 72 provides residents simple access to multiple job centers throughout the Huntsville area, including Redstone Arsenal, Cummings Research Park and the newly opened Mazda Toyota Manufacturing facility.
“FarmHaus Apartments is a Class A multifamily community located in an affluent part of Greater Huntsville, where population growth has exceeded 30 percent since 2000 and continues to expand at a rapid pace,” said Whitson Huffman, co-chief executive officer. “The local economy is vibrant and demand for quality rental living continues to far exceed available supply, making FarmHaus an attractive opportunity for Capital Square and the investors we serve.”
The Huntsville metropolitan statistical area has experienced a substantial 31.6% increase in population growth since 2000 and the city is projected to add 50,000 new residents by 2025. According to the U.S. Census Bureau, Huntsville’s population growth is the fastest in the state of Alabama and it is the most affordable city in the country, per reporting by U.S. News. Research by Yardi Matrix demonstrates that the median household income within a three-mile radius of FarmHaus exceeds $100,000.
Known as “Rocket City” for the development of the first rockets that place men on the moon, Huntsville is the largest city within the state of Alabama and is home to several higher education institutions, a variety of growing job industries, outdoor recreation activities, and numerous entertainment and retail options. Top industries in Huntsville include military/aerospace and defense-related businesses, as well as medical, education, aeronautics, research, telecommunications and local government.

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SEQUIM, WA – Oxford Capital Group announced its acquisition of the Sherwood Portfolio, three senior housing properties totaling 256 units in Sequim WA, through a joint venture with funds managed by affiliates of Fortress Investment Group. The venture bought the properties from an independent family operator. Oxford’s senior housing management affiliate, Oxford Living US LLC, will manage the properties. Terms of the transaction were not told.
“We are excited to continue to expand our senior housing silo as we strategically assemble a portfolio of properties throughout the United States and Canada,” said John W. Rutledge, Founder, Chairman & CEO of Oxford Capital Group, the Chicago based investor/manager/developer. “Oxford Living has made targeted senior housing acquisitions and investments in a number of growing markets throughout the southeastern United States and Canada, including Florida and Ontario. We plot further portfolio acquisitions in these and other markets.”
“We are excited to partner with an extremely talented Oxford Living team, and we see significant valuation and operational upside potential in the Sherwood Portfolio,” said Fortress Managing Director Peter Stone. “This transaction builds further on our strategy of acquiring senior housing assets with scale in attractive demographic areas that are well-positioned to weather an inflationary environment.”
“While most institutional investors focus on high-end development in urban centers, our strategy is to buy overlooked mid-market properties which are dependable, comfortable and affordable,” said Oxford Living President Lawrence Cummings, who has over thirty years of experience in seniors housing management, operations and development. “We have been warmly received by the resident community in the properties we are acquiring, as well as by the civic leadership of Sequim, and we look forward to continuing to fulfill the properties’ mission to serve their residents and surrounding communities.”
Oxford Living focuses on high private pay senior housing properties in both primary and vital secondary markets throughout the United States and Canada. Acquisitions focus on markets with compelling demographics and properties with significant value add potential.
The three property Sherwood Portfolio totals 256 units located in Sequim, WA which is a regional retirement mecca known for its favorable climate and scenic vistas. The venture will invest over $8.0 million in enhancing the properties, with plans for a significant expansion of the portfolio’s helped living /memory care offerings.
Oxford is a Chicago-based international real estate private equity investment, development and management firm with a historic focus on operationally intensive forms of real estate, including the senior housing, hospitality and multi-family sectors. Oxford has sponsored, co-sponsored and/or invested in over $4.0 billion in senior housing and hospitality assets.

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CHARLESTON, SC – ECI Group announced the acquisition of The Factory at Garco Park, a 271-unit, built in 2017, institutional-grade multifamily community in the highly-desirable Park Circle neighborhood in North Charleston, South Carolina.
The Factory at Garco Park is ECI’s first investment in the Charleston metropolitan area and, with assets in Greenville and Savannah, their fourth in the Carolinas/SE Georgia region. Financing for the acquisition was provided by SouthState Bank.
“The Factory at Garco Park offers ECI an opportunity to recycle capital from our recent sale of The Columns at Vinings in Atlanta into a very high quality, exceptionally well-located asset in a top expansion market for us,” said ECI Chief Acquisitions Officer, Scott Levitt. “With our ability to self-manage and oversee additional enhancements to the balance of the unit interiors and the property’s exterior and amenity package, we look forward to this property providing us with a cornerstone asset in the Charleston market.”
The 1031 Exchange involving the recently announced sale of The Columns at Vinings and the acquisition of The Factory at Garco Park is the 5th such exchange for ECI in the last 18 months.
The Factory at Garco Park, located at 4993 O’Hear Avenue in North Charleston, features upscale, spacious studio, one-, two- and three-bedroom units. The community’s walkable experience has made it well loved with young professionals seeking a vibrant Peninsula lifestyle, with an abundance of restaurants, retail, and nightlife, in the East Montague corridor just steps from their front door.

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