GID Acquires Newly Built 409-Unit Uplund Apartment Community in Suburban Seattle Metropolitan Market of Kirkland

SEATTLE, WA – GID, a vertically-integrated real estate company with corporate offices in Atlanta, has announced the acquisition of Uplund Apartments located in Kirkland, WA, a suburb of Seattle. Built in 2021, the 409-unit community is managed by GID’s wholly-owned property management company, Windsor Communities, and has been rebranded Uplund at Totem Lake by Windsor.
The luxury development offers open-concept studio, one-, two-, and three-bedroom apartments that include stainless-steel appliances, quartz countertops, in-unit washers and dryers, and nine-foot ceilings.
The property also features coveted amenities including two landscaped terrace courtyards, outdoor gas firepits, BBQ grilling stations, outdoor TVs, and an outdoor nature walking trail, as well as resident lounges with entertaining kitchens and fireplaces, a fitness center, a dog wash station, and bike storage.
With Amazon and Microsoft world headquarters nearby and a small drive from The Village at Totem Lake, a vibrant shopping center, and a plethora of dining and entertainment options – residents will find the fantastic suburban location that offers the ideal work-play lifestyle.
Future residents can also expect outstanding customer service from Windsor Communities, which ranked number one in Overall Customer Service and Maintenance by the Kingsley Excellence Award Program in 2021.

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Olympus Property Acquires 192-Unit Stone Gables Multifamily Community in Fayetteville Submarket of Raeford, North Carolina

RAEFORD, NC – Olympus Property announced the successful acquisition of Stone Gables, a 192-unit garden-style apartment community in Raeford, North Carolina, just outside of Fayetteville.
The property is strategically located in close proximity to some of the region’s most notable employers such as Fort Bragg, one of the largest military bases in the world with a workforce of more than 60,000 and estimated economic impact of over $13 billion. Other major nearby employers include the VA Healthcare Centers, Goodyear Tire, and Walmart Associates. Stone Gables is also within five minutes of the 401 retail corridor, with over 1 million square feet of retail space.
The property is well-positioned to capitalize on the region’s stable military-heavy economy and steady population growth. Limited new supply and pent-up demand will continue to drive rent growth over the foreseeable future, which has increased 12.4% over the last year.
Olympus Property, who operates the nearby community Heights at MacArthur Park, plans to leverage its local presence in the Fayetteville market. “Stone Gables will be the second asset we’ve bought in Fayetteville this year. It’s a gorgeous property in a market that’s experiencing strong rent growth paired with virtually no development pipeline. The positive market fundamentals and the economies of now having two properties makes this an brilliant acquisition,” notes Travis Bertetto, Associate Director of Acquisitions at Olympus Property.
Completed in 2013, the Class A property features eight three-tale apartment buildings spaciously situated on 12.83 acres. The property features a robust amenities package including a 24-hour fitness center, resort-style pool & sundeck, detached garages, picnic & grilling areas, resident park with playground, and off-leash dog park. Unit interiors include nine-foot ceilings, full size washers/dryers, granite kitchen and bathroom countertops, black appliances, and private patios/balconies. Olympus plans to further enhance the Class A property with an additional $1 million in capital over the next few years which in turn will add significant long-term value for its Partners.

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Harbor Group International Completes $306 Million Acquisition of 617-Unit Avalon Green Apartment Community in Elmsford, New York

ELMSFORD, NY – Affiliates of Harbor Group International and Azure Partners announced their joint venture for the $306 million acquisition of Avalon Green, a garden-style multifamily community in Elmsford, New York. HGI plans to implement a $9.2 million capital improvement program across the community to refresh amenities and common areas and modernize select interior units.
Built in three phases in 1995, 2012 and 2016, respectively, the property totals 617 units and features a mix of townhouses, apartment homes and stacked flats. A part of HGI’s capital improvement program will focus on updating the interiors in Phase I and Phase II of the community to include contemporary finishes.
Located in Westchester County, Avalon Green offers residents convenient commuter access to nearby employment centers, including New York City, Rockland County and Fairfield County. The property is near Interstate 287 and Saw Mill River Parkway, and is a 10-minute drive to the region’s Metro-North train station, providing direct service to Manhattan and Stamford, Conn. Westchester County also features several notable corporate campuses, including IBM, PepsiCo, Mastercard, Morgan Stanley and Regeneron.
“Avalon Green is an attractive fit for HGI’s multifamily portfolio given its strategic location between several employment centers and transportation options along with the significant value-add potential of the community,” said Richard Litton, President, HGI. “We see long-term demand fundamentals for the Westchester area as renters seek housing in suburban markets.”
Amenities offered at the property include two saltwater swimming pools, a clubhouse and resident lounge and detached garages.

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