CHARLOTTE, NC – The Republic Family of Companies, through its Charlotte subsidiary Republic Development Group, and Esen announced a joint venture to develop a new mixed-use community at 700 and 800 Central Avenue. Located just east of Uptown in the historic Plaza Midwood neighborhood, the project will feature approximately 370 multifamily units and 3,000 square feet of ground-floor retail space. Construction is plotted to start in mid-2026.
The development represents a significant investment in one of Charlotte s most culturally rich corridors. Plaza Midwood, which originated in the early 1900s as the city s first “streetcar suburb,” owes its unique character to the 1903 streetcar line that ran down Central Avenue. This new project, located at Central Ave and Piedmont St, is designed to honor this history while meeting the modern demand for walkable, amenity-rich living.
“We are thrilled to bring a project of this caliber to Plaza Midwood, a neighborhood that offers historic charm within reach of Charlotte s economic center,” said Adam McMichael, Managing Director and Charlotte Lead for Republic. ” Charlotte s demand for well-located, thoughtfully crafted housing continues to grow, and this project answers that need. For us, this is about more than building housing; it s about welcoming new residents to one of the Southeast s most desirable neighborhoods.”
The partnership brings together two powerful real estate entities. Republic, led by Chairman Richard Kramer, encompasses a diverse portfolio of businesses including Republic Properties Corporation and Republic Urban Properties. Esen, a recently established venture formed by seasoned developers, focuses on urban developments grounded in purpose-driven design.
“This partnership between Republic and Esen reflects a shared belief in Charlotte s future and a shared vision for this site,” said Dave Boillot, Chief Investment Officer of Esen. “We are incredibly excited to enter the Charlotte market alongside a partner with Republic s track record. We believe our Central Avenue project will set a new standard for living in Plaza Midwood.”

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SAN FRANCISCO, CA – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced that it has sold Villages at Parktown, a 309-unit garden-style community in Deer Park, Texas. The firm sponsored the acquisition of the property in May 2014.
“We are thrilled with the sale of Villages at Parktown,” said Anthony Ly, senior director of transactions at Hamilton Zanze. “This community represented a unique opportunity in a limited-supply submarket, and its larger units, including some as spacious as 1,600 square feet, proved highly attractive to residents. By building on that foundation through unit upgrades and the addition of a brand-new clubhouse and pool, we were able to make a better resident experience.”
Situated at 500 W Pasadena Boulevard, Villages at Parktown features one-, two-, three- and four-bedroom homes ranging from 810 to 1,600 square feet. The Gulf Plains location is approximately 20 miles southeast of Houston and 10 miles west of Trinity Bay. The commuter-friendly location easily connects to Highway 225 (Pasadena Freeway), Interstate 10 and the Sam Houston Tollway, which provide connectivity to the greater Houston area and beyond.
Common-area amenities at the pet-friendly community include an Olympic-sized swimming pool, sundeck, barbecue/picnic area, fitness center and an onsite playground. Homes include walk-in closets, air conditioning, ceiling fans, washer/dryer connections and private patios or balconies. Select homes feature wood-style flooring, quartz countertops, stainless steel appliances, subway tile backsplashes, custom cabinetry and private yards.
Villages at Parktown is surrounded by dining, entertainment and recreational options, including The Battleground Golf Course and San Jacinto Battleground State Historic Site. Several grocery options are within a small commute, as well.
The sale represented Hamilton Zanze’s ninth disposition of 2025. The firm has sold over $4.5 billion in multifamily properties since its founding in 2001.

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TUCSON, AZ – Bascom Arizona Venture, an affiliate of Irvine, California-based private equity firm The Bascom Group, bought the Retreat at Speedway, a 304-unit multifamily property located in Tucson, Arizona for $53.4 million or $175,658 per unit. The property was bought by Bascom’s current fund offering, Bascom Value Added Apartment Investors VI, LLC.
Constructed in 2001 and positioned along Speedway Boulevard against the backdrop of the picturesque Catalina Mountains, The Retreat at Speedway benefits from proximity to the premier Catalina Foothills and access to major employment centers. The two-tale, garden-style property offers residents spacious, open concept one- and two-bedroom floorplans and a strong amenity package that features a swimming pool and spa, fitness center, and clubhouse.
The Retreat at Speedway presents a compelling value-add opportunity, with new ownership plotting a thoughtful capital improvement program designed to elevate everyday living through refreshed clubhouse spaces, enhanced pool, spa, and fitness areas, and upgraded residences.
This transaction marks BAZV’s first acquisition since February 2020. “BAZV has remained disciplined and committed to sourcing the right opportunity to align with their business plot,” says Joe Daiutolo, Acquisitions Manager for BAZV. “This acquisition reflects our commitment to reinvesting in the community through a thorough renovation program designed to enhance the day-to-day resident experience while unlocking the property’s long-term potential.”
BrightSpire Capital Acquisitions provided debt financing, which was arranged by Brian Eisendrath, Cameron Chalfant, Jake Vitta, and Jesse Zarouk of Institutional Property Advisors (IPA), for the acquisition. Steve Gebing, Cliff David, Hamid Panahi, and Clint Wadlund of IPA advised the buyer and seller in the transaction. Arizona-based property manager Bryten Real Estate Partners will manage the property.
Bascom Value Added Apartment Investors VI, LLC (“Fund VI” or the “Fund”), which is sponsored by Bascom, launched a new offering of its securities pursuant to Rule 506(c) under the Securities Act of 1933, as amended. Fund VI is focused on acquiring apartment communities throughout the U.S. that can be repositioned through value-add renovations, management improvements, recovery from being over leveraged and distressed, or may be a foreclosure and trading at a significant discount. The Fund has been actively raising capital and acquiring property assets. The Fund currently owns six apartment properties with approximately $83 million of equity invested. The Fund is seeking to raise an additional approximately $70 million in equity for this offering.
Chad Sanderson, Fund VI Manager states, “Fund VI is focused on building a diversified multifamily portfolio that emphasizes capital preservation, long-term value creation, and consistent cash flow. With property values resetting meaningfully across many markets and increased pressure on sellers, we see a favorable environment for deploying disciplined capital. The portfolio to date reflects that approach, with attractive investments across markets, asset types, and risk profiles.” Joe Ferguson, Vice President, adds, “The Retreat at Speedway is a excellent illustration of this dynamic. We are acquiring a well-located, institutional-quality property at a strong going-in yield, with clear value-add upside and a cost basis meaningfully below replacement cost, reflecting the types of attractive, risk-adjusted opportunities made by today’s pricing reset.”

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