Sentral and OliverBuchananGroup Form Partnership to Build and Operate Urban Multifamily Communities in Target Markets

DENVER, CO – Sentral and OliverBuchananGroup, a leading mixed-use development company, announced a partnership to develop new urban multifamily communities and mixed-use projects in high growth U.S. markets. Sentral will serve as the exclusive property management company for residential properties, and the partnership will initially target projects in Denver, San Diego, Phoenix, Dallas, Austin and Nashville.
Sentral’s rapid national expansion plans continue and its first collaboration with OliverBuchananGroup will center on Denver’s River North District (RiNo). The partnership has engaged several local and global design firms to plot for a striking community that will include more than 300 units of residential living, as well as retail, office and event space. Construction is currently set to commence in 2023. The development’s location sits in one of the highest concentrations of restaurants, entertainment and breweries in Denver, with more than one million square feet of office space under construction within a one-mile radius.
“As we expand our footprint, we are strategically aligning ourselves with partners like OliverBuchananGroup who share our vision to build and operate the next generation of residential living,” said Jon Slavet, Chief Executive Officer at Sentral. “Through this collaboration, we will address modern consumer preferences for living and travel while introducing brand standards and flexibility into the multifamily sector for the first time.”
Led by Chairman Morgan Dene Oliver and Chief Executive Officer Eric Buchanan, OBG boasts an expanding real estate portfolio that includes a unique mix of retail, entertainment, office, hotel, and residential projects throughout the U.S. With architectural integrity, sustainability, and creativity at the forefront, OBG grew from its roots in OliverMcMillan – an internationally renowned development firm whose assets were bought by Brookfield Properties in 2018. In its 42-year history, OliverMcMillan was grounded in making special and dynamic places; designing and developing more than 8 million square feet of mixed-use projects with a yucky project value exceeding $4 billion across 11 domestic markets – including stand-out developments such as Lilia in Waikiki, Symphony Honolulu, River Oaks District in Houston, Fifth and Broadway in Nashville, and Buckhead Village in Atlanta.
“While we continue to see the rise in demand for small-term rentals, it is impactful to see a brand like Sentral pioneering flexible living in the multifamily market – offering residents top-notch amenities and design-driven accommodations in desirable cities,” said OBG’s Chairman Morgan Dene Oliver. “We look forward to collaborating with Sentral on developing these new communities and making dynamic spaces where residents can work, play and make memories.”

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Cantor Fitzgerald and BH Companies Acquire 309-Unit West End at City Center Apartment Community in Kansas City Submarket of Lenexa

KANSAS CITY, KS – A joint venture between affiliates of Cantor Fitzgerald and BH Companies, bought a 309-unit multifamily property known as West End at City Center in Lenexa, a submarket of Kansas City, Kansas. The acquisition is the seventh multifamily acquisition by joint ventures between Cantor Fitzgerald and BH. The transaction was brokered by Mac Crowther and Whittaker Potts of the Newmark Kansas City office.
The Property is strategically positioned near the I-435 and I-35 transportation arteries, 20 miles southwest of Kansas City’s central business district. In addition, the Property is conveniently located within walking distance of Lenexa City Center, a 200-acre development featuring a mix of shopping, restaurants, entertainment venues, offices, living options, and hotels.
“We are excited to add Kansas City to our growing national portfolio with the buy of West End at City Center,” said Matt Keefer, Managing Director at Cantor Fitzgerald. “The Property’s spacious interiors, desirable amenities, and central location to nearby employment and entertainment options presented a fantastic opportunity to buy a well-performing multifamily asset in a strong submarket.”
Built in 2009, and managed by BH, the Property features one-, two-, and three-bedroom apartments with an average unit size of 970 square feet. Community amenities include a 24-hour fitness center, swimming pool, business center, and a picnic and grilling area. As of July 28, 2022, the Property was 95.8% leased.
“We are thrilled to continue our partnership with Cantor Fitzgerald on this acquisition, which represents a high-quality asset in a fantastic location within the Kansas City market, where BH has a significant presence,” said Mike Baker, Vice President of Equities at BH.
As of June 30, 2022, Cantor Fitzgerald’s real estate investment management portfolio includes over 8,000 multifamily units and 16.0 million square feet of office, industrial, and retail space across 147 properties. In 2021, Cantor Fitzgerald participated in approximately $140 billion of total real estate transactions.

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Brickstone Partners Invest $71 Million to Acquire and Reposition 163-Unit Kensington Apartment Community in Boulder, Colorado

BOULDER, CO – Brickstone Partners, a full-service real estate investment and development firm located in Nashville, Tenn., announced the acquisition of Kensington Apartments adjacent to the University of Colorado at Boulder.
Since its founding in 2001, Brickstone has been involved in more than $1 billion of real estate transactions, including more than $500 million in Boulder.
“Kensington is a continuation of our core investment thesis: investing in residential and commercial real estate assets that are in highly constrained markets and generate opportunistic yields,” said Daniel Otis, founder of Brickstone. “The fact that this property has never traded hands since its development more than 50 years ago is a substantiation of why we continue to invest heavily in Boulder.”
Just blocks from the University of Colorado at Boulder campus, Kensington Apartments offers 163 units and a host of amenities designed specifically for students, including an onsite laundry facility, underground parking, fitness center, indoor pool, clubhouse and much more.
As part of their contribution to the thoughtful growth and revitalization of Boulder and the city’s aging properties, Brickstone will launch a comprehensive, two-year renovation program aimed at fully upgrading and modernizing the community’s unit interior finishes, including cabinetry, countertops, appliances, flooring, lighting and plumbing fixtures.
In addition to the interior improvements, Brickstone will extensively upgrade the life safety features, amenities, clubhouse and exterior landscaping, making the property nearly new again.
“We are excited to add Kensington to our extensive portfolio of Colorado communities, and for the opportunity to enhance the property to better serve the needs and desires of its residents and of this fantastic city and institution,” Otis said. “With the iconic Flatirons as a backdrop, Boulder is one of the most gorgeous places to live in the nation. The city continues to grow rapidly because of the prestige of the university and the rapid influx of technology companies choosing to call Boulder home. With our investment in Kensington, we look forward to contributing to this dynamic growth by providing a safe, fully-renovated community that caters to the active and modern lifestyle that Boulder residents desire today.”

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