DLP Capital Completes Acquisition of 252-Unit Harbor House on Saratoga Apartment Community in Corpus Christi, Texas

CORPUS CHRISTI, TX – DLP Capital, a private real estate investment and finance firm, is excited to announce the buy of Harbor House on Saratoga, a 252-unit Corpus Christi apartment complex, located at 6225 Saratoga Blvd.
The property will be renamed DLP Saratoga and is conveniently located near multiple medical centers, schools, Naval Air Station-Corpus Christi Army Depot, and Texas A&M University-Corpus Christi. Additionally, the Corpus Christi International Airport and Corpus Christi CBD are approximately 10 miles from the property.
DLP Saratoga offers seven different floor plans ranging from 1, 2, and 3-bedroom units, and each unit features luxurious upgrades including stainless steel appliances, granite countertops, vinyl floors, and sleek fixtures that make a desirable modern look. Community amenities include a dog park, sparkling pool, clubhouse, fitness center, basketball court, media room/theater, grilling areas, and covered parking for most cars.
DLP Capital s acquisition of this complex is the latest of many Texas-based projects as the company continues to pursue providing natural, affordable workforce housing to families in the Corpus Christi area.
Investing in a property like DLP Saratoga aligns with our mission of providing housing solutions that are affordable for the local community, said DLP Capital CEO and Founder Don Wenner. Quality housing shouldn t be unattainable, and we hope to appeal to local military members, logistics workers, and students in the area that may be seeking a home closer to work and school.

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Lloyd Jones Completes $92 Million Acquisition of 194-Unit Apartment Community in Miami’s Burgeoning East Little Havana Neighborhood

MIAMI, FL – PREMIUM sells FIRST Apartments, a 194-unit luxury apartment community ideally located less than a mile from Downtown Miami and Brickell in up-and-coming East Small Havana, for $92,000,000 to Lloyd Jones, a real estate investment firm headquartered in Miami, FL. Walker & Dunlop, Inc brokered the sale.
Construction of the high-end and modern FIRST Apartments project started in March 2020 and was successfully completed as early as fall 2021.
Building on more than 25 years of real estate experience in the European market, PREMIUM Development Inc. was founded in 2017 as the U.S. office of the PREMIUM Group. By tapping into local market expertise, PREMIUM Development Inc. leverages the experience, philosophy, and development values of the PREMIUM Group to identify and develop multifamily projects in urban cores.
“The impressive lease-up performance is a testament to the asset’s appeal and prime location, proximate to key demand drivers, entertainment venues, and transit routes,” said Roger Karré, COO of PREMIUM Development Inc.
Developed with incredible attention to detail and a focus on smart design, FIRST Apartments is the premier luxury rental option in East Small Havana. The community features spacious, luxuriously appointed apartment homes that are complemented by an brilliant amenity package, including health club quality fitness facilities, a resort-style lap pool, and an expansive bark park.
FIFTEEN, another PREMIUM project near the Miami Health District, offering 132 apartment homes within nearly 100.000 sf, will be completed in early 2023.
PREMIUM Development Inc. also bought the 2.3-acre property at 700 West Flagler Street from Presidente Supermarkets just across from FIRST Apartments in 2021. There PREMIUM will develop SON VIDA, a residential building with 375 apartments on up to 16 floors.

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Sentinel Real Estate Completes Acquisition of 268-Unit The Retreat at Cinco Ranch Garden Apartment Community in Houston Submarket

KATY, TX – Sentinel Real Estate Corporation announced that it has bought The Retreat at Cinco Ranch, a 268-unit garden-style apartment community in the desirable Cinco Ranch submarket of Katy, TX, just west of Houston. The property represented an opportunity for Sentinel to buy a high-quality asset in a rapidly growing market supported by strong fundamentals.
Originally constructed in 2008, The Retreat at Cinco Ranch comprises 12 three-tale residential buildings consisting of one-, two- and three-bedroom apartments averaging 943 square feet. The first floor of the complex underwent a substantial renovation in 2019, which included the installation of modern appliances and upgraded finishes including new kitchen and bathroom cabinetry, quartz countertops, the addition of tile in kitchen backsplashes and bathroom showers, and wood-style flooring in living areas.
Legacy unit finishes at the property include granite countertops and carpet in living areas. All units include track and pendant lighting, walk-in closets and full-sized washers and dryers. Community amenities include a modern clubhouse with a fitness center, an indoor cycling studio, a resident lounge with a kitchen and coffee bar, a business center, and package lockers, a resort-style swimming pool with a sundeck and lounge area, outdoor grilling stations and a playground with a picnic area. Following the transaction, Sentinel intends to realize additional value by expanding the capital improvement program to replace legacy finishes on the second and third floors.
With The Retreat, we recognized a compelling opportunity to buy a high-quality asset in the beloved Cinco Ranch submarket, a master-plotted community that remains well insulated from new supply, said Michael Streicker, President of Sentinel. The submarket has seen significant rent and population growth, with rents increasing by 16.3 percent last year. We expect that upgrading the remaining 172 units will position the property for continued success.
The Retreat at Cinco Ranch is optimally located amid some of Houston s most upscale residential neighborhoods and within the top-ranked Katy Independent School District, enjoying access to several lifestyle, retail and restaurant destinations along Mason Road. The property offers convenient access to Houston s energy corridor along Interstate 10, which is home to the North American Headquarters for Shell, CITGO and BP, among others. Major employers in the area also include MD Anderson Cancer Center, Texas Children s Hospital and GEICO.
Sentinel has been active in the Houston market throughout its 53-year history and currently owns and operates three properties nearby, 3000 Sage Apartments, The Lodge at Cypresswood Apartments and Everlee Apartments, providing enhanced competitive positioning in the submarket. The firm will continue to leverage its market expertise and deep industry relationships to identify attractive investment opportunities and expand its portfolio in the region.

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