DENVER, CO – Buchanan Capital Partners, an Austin-based, zero-fee commercial real estate investment firm, announced its recent capitalization of Garrett Centennial Apartments, a 368-unit garden-style multifamily development located in the Denver Tech Center submarket.
The project is BCP’s second Joint Venture with The Garrett Companies in conjunction with their strategic partner, Telis Group. Weinstein Properties also joined the transaction as an equity partner. In 2024, BCP, The Garrett Companies and Telis collectively capitalized Garrett Fillmore Apartments, a 196-unit multifamily development in Colorado Springs.
Situated on a 19-acre site in the Denver Tech Center submarket, Garrett Centennial benefits from exceptional regional connectivity at the intersection of I-25 and Arapahoe Rd, minutes from the well-established corporate district, downtown Denver, and Cherry Creek State Park.
The project sits within the highly sought-after Cherry Creek School District, positioning the property well for future demand from families priced out of homeownership in the affluent area. Garrett Centennial is also centrally positioned within Midtown Centennial, an 800-acre, city-led redevelopment effort transforming legacy office parks into a walkable, mixed-use district.
The development will consist of 14 residential buildings offering a diverse unit mix designed to serve a broad renter base, including families, professionals, and long-term residents seeking access to top-tier schools and employment centers. Residents will be near major retail, dining, and entertainment destinations, including Top Golf Centennial, Park Meadows Mall, Cherry Creek State Park, and Centennial Center Park.
Keith Buchanan, Founder and Principal of Buchanan Capital Partners, said “Garrett Centennial allows us to deploy capital at an attractive cost basis in one of Denver’s best performing submarkets that has long-term demand fundamentals that support durable rent growth and value creation, while aligning with a Best-In-Class development partner who shares our long-term view of the market.”
Ford Albert, Director at Buchanan Capital Partners, added, “Over the past two years, BCP has been highly selective in multifamily investments. This opportunity stood out by meeting all our key criteria: an exceptional location in a top school district, discounted basis relative to recent comparable sales, dwindling supply pipeline, and vertically integrated development partner with a differentiated unit mix. Given Garrett’s attractive cost basis, BCP can conservatively underwrite lease-up rents at a significant discount to the submarket’s current rent levels. In 2026, we will look for similar JV development and direct acquisition opportunities in pockets with limited future supply.”

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HEMPSTEAD, NY – Hudson Valley Property Group, a leading, national affordable housing preservation company, announced its acquisition of 100 Terrace Apartments, a 420-unit affordable housing property located at 100 Terrace Avenue in Hempstead, New York.
The acquisition marks HVPG’s first property in Nassau County and expands the firm’s presence on Long Island, where it also operates a property in Suffolk County. To date, HVPG has preserved ~2,300 units of affordable housing throughout New York State and City. Through this preservation project, HVPG will protect the long-term affordability of 100 Terrace and implement comprehensive renovations designed to enhance quality of life for residents while modernizing the property’s infrastructure and amenities.
Total project costs related to this transaction are approximately $145 million. HVPG is plotting approximately $23 million in renovations, averaging $55,000 per unit, to modernize the six-tale, mid-rise building originally constructed in 1972.
“We are proud to expand our footprint on Long Island and bring our preservation expertise to Hempstead,” said Jason Bordainick, Co-Founder and Managing Partner of Hudson Valley Property Group. “100 Terrace represents a critical component of the area’s affordable housing infrastructure, and we’re committed to ensuring these 420 homes remain safe, accessible, and affordable for working families for generations to come. Through thoughtful investment and strategic partnerships with HUD and local stakeholders, we’re preserving not just housing, but stability and opportunity for this community.”
To ensure long-term affordability for residents, HVPG has secured a renewed HUD Project-Based Section 8 Housing Help Payment (HAP) contract covering 99% of the property’s units. Under this agreement, income-qualified residents will pay no more than 30% of their household income toward rent, with affordability protections locked in for an additional 22 years. The property is further restricted to income-qualified residents earning no more than 50% of Area Median Income (AMI).
The property is further supported by a Payment in Lieu of Taxes (PILOT) agreement with the Township of Hempstead Industrial Development Agency (IDA), which was instrumental in enabling the preservation of this vital affordable housing asset.
Frederick Parola, Executive Director of the Town of Hempstead Industrial Development Agency, said, “We welcome this investment by Hudson Valley Property Group and with our help, tenants, the Village of Hempstead, and the Town of Hempstead will benefit from the revitalization of this property and the creation of a safe, attractive, and well-maintained affordable housing community.”
“We look forward to partnering with Hudson Valley Property Group in preserving this community asset and are excited to collaborate to deliver safe, affordable housing to the residents of 100 Terrace Avenue. HVPG’s investment alongside the Village of Hempstead’s commitment to improving the quality of life and housing in this neighborhood will have positive ;impact for our community for years to come,” said Jeffery Daniels, Deputy Mayor of the Village of Hempstead.
HVPG’s renovation plans prioritize resident safety, comfort, and quality of life through a wide-ranging transformation of the property. The comprehensive scope of work will touch every aspect of residents’ living experience, from their individual units to shared spaces and building-wide systems.
Units will receive new cabinetry and countertops, energy-efficient appliances, water-saving faucets and sinks, and upgraded flooring as needed. The property will feature an expanded central laundry facility on the ground floor and a newly made business center available for residents’ use. HVPG will be launching its signature Community Enhancement Program which includes the implementation of security measures throughout the property, including upgraded cameras, access control systems, and intercom technology. All residents will have access to complimentary high-speed Wi-Fi at no cost. Building infrastructure improvements will address critical systems with new roofing, parking garage improvements, boiler system repairs and complete modernization of all elevators.
HVPG is committed to continuing and supporting existing resident programming, including the PEACE afterschool program that serves the 100 Terrace community.
“The Partnerships in Education to Avoid Criminal Justice System Entry (P.E.A.C.E. Afterschool Program) has proudly served this community for over 14 years, providing educational enrichment, tutoring, and youth employment opportunities,” said Dr. Fayth Vaughn-Shavuo, Executive Director of P.E.A.C.E. “We’re excited to partner with new ownership of 100 Terrace, Hudson Valley Property Group, whose commitment to enhancing residents’ quality of life through education and community programming aligns perfectly with our mission. We look forward to strengthening the support and resources available to our students and families in the years ahead.”
The project is being financed through a combination of equity from HVPG’s Hudson Valley Preservation Fund and a Fannie Mae loan provided by KeyBank. HVPG worked closely with the U.S. Department of Housing and Urban Development (HUD) and the Township of Hempstead IDA to structure this preservation transaction.

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CHARLOTTE, NC – Elevest Capital, a boutique private equity firm focused on multifamily real estate, announced the completion of Fund 64 in partnership with Rise48 Equity, marked by the acquisition of a 240-unit B+ multifamily community in Charlotte, North Carolina. The transaction reflects Elevest Capital’s continued strategy of investing in well-located assets within high-growth submarkets that offer attractive long-term fundamentals and value-creation opportunities.
This property was built in 1999 and sits in a desirable B+ submarket of Charlotte and offers significant upside through strategic renovations. The property presents opportunities to modernize unit interiors and add in-unit washers and dryers. These enhancements are expected to drive rental growth and elevate resident satisfaction.
“Closing Fund 64 and acquiring this asset highlights the strength of our investment strategy and the value we bring to investors,” said Adam Williams, Founder & CEO of Elevest Capital. “Charlotte continues to demonstrate strong economic momentum, making this property a standout addition to our portfolio.”
To unlock additional value, there will be swift execution of a comprehensive value-add strategy centered on unit modernizations and amenity enhancements. These targeted improvements are intended to drive occupancy and support rental growth.
“This investment exemplifies our disciplined approach to multifamily investing, targeting assets with clear value-creation pathways in high-demand markets,” said Dana Williams, President of Elevest Capital. “Our team’s hands-on management and renovation expertise will be integral to realizing the full potential of this property.”

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