CHARLOTTE, NC – Embrey, a diversified real estate investment company based in San Antonio, has closed on a five-parcel assemblage totaling 4.5 acres of land in Charlotte, North Carolina. The firm plans to construct Southerly at LoSo, a high-end, 403-unit luxury apartment community, in the well loved Lower South End neighborhood locally known as “LoSo.” Hunter Barron, of JLL helped Embrey with the assemblage.
“This will be Embrey’s first project in Charlotte and construction will start in late June,” says Brad Knolle, Executive Vice President of Development. “There is high renter demand in the LoSo area and vacancy rates are low. We are developing a community that will deliver a living experience that is in keeping with the vibrant and trendy LoSo area.”
Units will feature keyless entry, 9- to 12-foot ceilings, quartz countertops, walk-in closets with built-in shoe racks and designer finishes throughout. The property will offer luxury amenities such as a resort-style pool with shaded cabanas, a bocce ball court, a dog park, a bicycle repair and storage room and more. Also included is a seventh-floor sky lounge for residents to relax while enjoying views of the Uptown Charlotte skyline.
The design team, including Cline Design and Land Design, has worked tirelessly with Embrey to make a timeless building for this iconic corner. Moore & Van Allen and Hart & Hickman have provided brilliant land entitlement and environmental services to help Embrey achieve this closing. Elford, Inc. has been selected to build the project.
Southerly at LoSo is expected to start leasing in late 2024 with completion in early 2025.

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HAVERHILL, MA – Scully Company announced their recent acquisition of The Bixby, a 128-unit, multifamily asset located in Haverhill, MA within the quick-growing Northern Essex submarket. The Bixby marks Scully Company’s second community in New England and is consistent with the focused portfolio expansion in the region.
Scully bought the market rate property from Blackfin Real Estate Investors with the disposition and financing coordinated by Berkadia. The Pennsylvania-based firm intends to modernize select unit interiors, enhance common areas and provide a best-in-class living experience for residents.
“We are thrilled to buy The Bixby and loved working with the seller and Berkadia teams. The brilliant location and ability to offer residents a well-amenitized living experience on the idyllic Merrimack River made for an attractive investment profile. We look forward to being excellent stewards of the community and furthering our portfolio in New England,” said John Schonborn, Managing Director of Investments for Scully Company.
The Bixby offers pet-friendly, modern, studio, one, and two-bedroom apartments. While a suburban location, the community is transit-oriented with the MBTA station just across the street and provides residents access to 25+ shops and restaurants along Washington Street within a 5-minute walk. Existing community amenities include a resident lounge with pool tables, shuffleboard, and smart TVs, an entertainment kitchen, 24-hour fitness center, bark park, resident storage, dedicated package room, and secure on-site structured parking.

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ATLANTA, GA – San Francisco-based real estate investment firm Hamilton Zanze is excited to announce the sale of The Residences at Vinings Mountain, a three-property portfolio consisting of the Peak at Vinings Mountain, Lakeside at Vinings Mountain, and The Views at Vinings Mountain. The firm bought the Georgia apartment properties in 2016 and the sale closed on May 24, 2022.
Throughout their ownership, Hamilton Zanze completed numerous improvements to improve leasing efforts and increase rental rates. Interior advancements on buildings surrounding the lake at the Lakeside property include the additions of granite countertops and new stainless-steel appliances. Exterior upgrades also helped to improve the overall allure of the communities; during ownership HZ performed tree trimming to allow for pool and lake views, built a waterfront gazebo, and extending walking trails around the properties.
“The Residences at Vining’s is a significant disposition for Hamilton Zanze. Prior to 2016, HZ focused on the west coast and southwest markets. The three-property portfolio was our first acquisition in the southeast and laid the foundation for our expansion into the eastern U.S,” said Anthony Ly, senior director of dispositions at Hamilton Zanze. “The Vining’s portfolio exceeded return expectations over the projected five-year hold period. We are pleased with the execution of our business plot that included, unit renovations, clubhouse upgrades and improving management.”
The three assets in the Vinings Portfolio are garden-style Class B+ communities built in 1980 and 1983 on over 53 acres. Together, these gated properties are comprised of 34 total two- and three-tale residential buildings with a total of 680 units. The communities includes several upscale amenities such as fitness centers, game rooms, kitchen areas, a dog park, a movie theatre, a wine tasting room, a golf simulator, and breathtaking walking trails.
The Vining Properties are located within a 20-minute drive from Downtown Atlanta, offering simple access to Interstates 75 and 285. The communities are also in close proximity to major employment centers and one of Atlanta’s top tourist attractions, SunTrust Park, home of the Atlanta Braves. Surrounding the Vining Properties are comparatively affluent neighborhoods, benefitting from stable employment growth from the healthcare, manufacturing, and construction industries.

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