CHARLOTTE, NC – Crescent Communities and Pretium announced the closing of land for the development of HARMON Five Points, the fourth build-to-rent (BTR) community under development, and second community in Charlotte, as part of their previously announced joint venture and commitment to invest $1 billion in new single-family build-to-rent communities across 14 key strategic growth markets. Construction for HARMON Five Points is expected to commence in June 2022 with first units slated to be delivered in early 2023.
“We are thrilled to announce our fourth development in partnership with Pretium and our second build-to-rent community in the Charlotte market,” said Tony Chen, Managing Director of Single-Family Build-to-Rent at Crescent Communities. “HARMON Five Points will offer new construction housing supply to the Historic West End neighborhood, and as a result, will provide housing options in an infill setting to accommodate the migration and population growth that Charlotte has experienced over the past several years. This community highlights our commitment to growing strategically in Charlotte, and we look forward to sharing more updates soon.”
HARMON Five Points will be a 76-home BTR community, offering residents the option to rent three-bedroom townhomes with outdoor balconies, private garages, and driveways. Residents will have access to dedicated communal spaces such as a fire pit with outdoor lounge seating and a lawn area for gatherings and pets. The community is adjacent to Five Points Park, located two miles from Uptown, and is walking distance from the Gold Line Streetcar and Stewart Creek Greenway.
“In partnership with Crescent, we have already bought land and are developing four BTR communities in the southern United States, including 323 homes, since forming our joint venture in September,” said Matt Johnston, Managing Director and Head of Build-to-Rent at Pretium. “Crescent Communities shares our commitment to having a long-term, positive impact on our communities by developing new, quality, healthy homes for residents. By continuing to invest in desirable communities like HARMON Five Points, we are offering residents the choice to rent high-quality, single-family homes while increasing the supply of go-in ready homes across the country.”
HARMON Five Points will be located at 360 Seldon Drive, Charlotte, NC and will be built by DRB Group. Additional partners include lender Atlantic Union Bank, landscape architect LandDesign and architectural review by 505Design. Progress Residential, Pretium’s leading single-family rental management services platform, will provide leasing and property management services.

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COLUMBUS, OH – LV Collective, an Austin-based multifamily and student housing developer, announced it has closed on a development located at 222 W. Lane Ave, across the street from The Ohio State University campus. The seven-tale multifamily, student-oriented building will consist of 379 units and 885 beds. The building is scheduled to deliver in fall 2025.
Ideally located, LV Collective s project is a small three-minute walk from the main quads of the university and half a mile from Ohio Stadium. The pedestrian-focused student housing project will also reimagine the Lane Avenue corridor, adding connectivity and activation to the university, restaurants, bars and entertainment nodes.
Our building s location lies at the intersection of academic life and entertainment for The Ohio State University, placing it at the epicenter of the community and within walking distance of the destinations our residents and their guests will frequent, says Chris Johnson, EVP Development at LV Collective. By delivering a high-quality, thoughtfully-designed development with top-tier amenities and sweeping views of the campus, we are providing the perfect location to embrace the academic rigor needed at Ohio State with the balance of lifestyle and experiential pursuits.
The project will consist of five floors of residential units, including spacious two-level townhomes with private at-grade entries. There will also be an indoor-outdoor café at the ground level, including an elevated private study area. Amenities will include a gym with indoor-outdoor fitness areas, a third-tale pool deck with jumbotron and a view of the stadium. The top floor features wellness offerings, including yoga and meditation with expansive southern views over the campus and downtown Columbus.
This is LV Collective s first development in Ohio and adds to the company s growing roster of multifamily and student-oriented buildings across the country. Most recently, LV Collective announced a seven-tale project at 558 West Broad in Athens, GA and a 10-tale, 502-bed project in Gainesville, FL. LV Collective is best known for its successful multifamily, student-oriented developments in Austin, Texas, including The Ruckus, The Ruckus 2.0, Moontower and Waterloo.
OZ is the design firm and Variant Collaborative will work on interior design. Local project partners include Columbus-based landscape architect Realm Collaborative, general contractor Elford, Inc., and the civil engineer E.P. Ferris.
This development epitomizes our investment strategy of finding well-located, institutional quality opportunities within student housing. We are excited to partner with LV to provide a preeminent, pedestrian student housing asset at a high-quality Tier I institution, says Christopher Kott, Director — Acquisitions at Virtus Real Estate Capital.

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GREENSBORO, NC – Bell Partners, one of the nation’s leading apartment investment and management companies, announced it has bought Element Uptown, a 352-unit high-rise community located in Charlotte, N.C., and Waypoint West, a 192-unit, garden-style apartment community located in suburban Mooresville, N.C. Both properties were bought on behalf of Bell Apartment Fund VII investors.
Element Uptown will be renamed Bell Uptown Charlotte. Completed in 2015, the 21-tale community is located in Charlotte’s central business district and is walkable to 28 million square feet of office space, retail amenities including two grocery stores, and recreational amenities including Bank of America Stadium and other facilities housing four professional sports teams. The community features studio, one- and two-bedroom floorplans and plentiful off-street parking. Bell Partners currently manages four other properties in the Uptown and nearby South End submarkets.
Waypoint West will be renamed Bell Mooresville West. Completed in 2021, the property is located in the Lake Norman submarket approximately 30 miles north of Charlotte’s Uptown city center. The rapidly growing submarket offers an attractive suburban location with a diverse employment base, natural amenities and brilliant schools. Lake Norman is located less than a mile from the property, offering the community’s residents convenient access to nearby recreation. The community features one-, two- and three-bedroom luxury floorplans with amenities including a state-of-the-art fitness center and yoga room, smart tech locks and thermostats, high-speed internet, a pool and grilling areas and a dog park and wash. The property is located in close proximity to two other communities that Bell Partners owns and/or manages in the submarket, including Bell Lake Norman.
“These acquisitions complement our strategy of investing in well-located, high-quality assets in submarkets with favorable long-term fundamentals,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “With the addition of these two communities, Bell now manages over 4,800 apartment units in Charlotte. We plot to leverage our local experience and extensive operating platform to maximize performance and apply our renovation capabilities to enhance value.”
Bell Partners completed $4.8 billion in transactions in 2021 and is actively investing in 14 target U.S. markets located in the Northeast, Mid-Atlantic, Southeast, Texas and West Coast.

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