CARY, NC – TerraCap Management, a privately held investment firm with its headquarters in Naples, Florida, announced the acquisition of Amberwood at Lochmere, 340-unit apartment complex located in Cary, North Carolina. The property was built in 1991 and 1996. Amenities at the property include two swimming pools, two fitness centers, two dog parks, a renovated leasing center, a clubhouse with a coffee bar, a car wash station, a playground, a grilling station area, and a sports court with tennis and basketball equipment.
Steve Excellent, TerraCap Partner and Director of Acquisitions, said, “Amberwood at Lochmere is our first apartment acquisition in the Raleigh MSA. We are excited for this opportunity and potentially adding more Raleigh apartments to our portfolio in the future. We loved working with the seller and their representatives and wish them the best.”
Amberwood at Lochmere features one, two, and three-bedroom units and sits on 31 acres. Unit interiors feature different levels of renovation, leaving room for further upgrades to enhance the tenants’ living experiences. The property is centrally located, providing access to several employment nodes in the Research Triangle Park and in downtown Raleigh. The Town of Cary was recently ranked as the third safest mid-sized City in America by AdvisorSmith Solutions and offers a variety of shopping and recreational amenities.
Matt Stewart, TerraCap Partner and Director of Asset Management said, “The Raleigh market has all the investment elements we look for with strong population and job growth rates and a highly educated workforce that ranks among the top cities in the country. The Town of Cary, with some of the highest average incomes in Raleigh, is an attractive place to live, with simple access to employment centers, robust shopping options, and a highly ranked public school system.”

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CLEVELAND, OH – The NRP Group, a vertically-integrated, best-in-class developer, builder and manager of multifamily housing, has officially broken ground on a 52-unit mixed-income multifamily community in the Glenville neighborhood of Cleveland, Ohio.
The four-tale, 52-unit apartment building located at East 105th and Churchill Road will include one-, two-, and three-bedroom apartments, as well as four built-in, three-bedroom townhomes. All apartment homes will be available to individuals and families earning 60 percent or less than the Area Median Income (AMI).
The Davis Apartments will be developed in collaboration with University Hospitals, one of the nation’s leading health care systems. This development is the third “health and housing” project spearheaded by NRP to improve Social Determinants Of Health (SDOH) in underserved neighborhoods by partnering with hospitals, nonprofits and municipalities. The first health and housing development, Residences at Career Gateway in Columbus, Ohio, opened in 2018; the second, Via Sana in the Clark-Fulton neighborhood of Cleveland, is scheduled to open in 2022.
“By viewing the neighborhood itself as a patient to be healed, health and housing developments provide high-quality affordable housing as a means to bring critical supportive services to both residents and the broader community,” said Scott Skinner, Vice President of Development at The NRP Group. “These services, such as career development training, health screenings and financial literacy, are not readily available within many underserved neighborhoods. We look forward to working with the City of Cleveland and University Hospitals to bring this project to fruition and to address the most pressing needs of the Glenville community.”
With headquarters located just one mile from The Davis Apartments, University Hospitals will collaborate with NRP to offer health and wellness education and programming that will be open to the broader community. In addition, NRP will develop a 2,800-square-foot Community Outreach Center that University Hospitals will utilize to provide preventative healthcare and SDOH solutions such as healthy cooking demonstrations, food pantry services, programs for pregnant women and young mothers, programs to fight senior citizen isolation, telehealth services, and workforce and financial literacy training. University Hospitals’ goal with this development is to actively engage with local Clevelandneighborhoods by reaching beyond its four walls to address key SDOH in disinvested communities.
“As an anchor institution, one that has been deeply rooted in this community for 155 years, University Hospitals holds dearly our responsibility to care for our community. At University Hospitals, improving the health of the people we serve and the communities in which they live is our priority,” said Dr. Daniel Simon, President, Academic & External Affairs and Chief Scientific Officer, University Hospitals. “We are pleased to collaborate with The NRP Group to further revitalize the area and provide quality housing and services to residents. We are confident this new community will bring significant and lasting benefits to the Glenville neighborhood.”
The Glenville neighborhood is part of Cleveland’s Neighborhood Transformation Initiative, a city-wide effort to spur economic growth through healthy, sustainable, and equitable opportunities to build wealth and stabilize historically fringed neighborhoods. Glenville is less than one mile from University Circle, which is home to Case Western Reserve University, the Cleveland Clinic, the Cleveland Museum of Art, the Cleveland Museum of Natural History, and dozens of shops, restaurants and grocers. The Davis Apartments’ proximity to these anchor institutions and job opportunities makes a strong foundation to build upon and an opportunity to make those institutions and jobs more accessible to people of all income levels.
Skinner added, “The City of Cleveland played a crucial role in collaborating with our team and University Hospitals to help bring this project to fruition. NRP worked directly with the City’s Community Development department to prepare the site for The Davis Apartments. We’re incredibly grateful to our partners at the City of Cleveland for their tireless work on this development.”
The Davis Apartments is named after Harry E. Davis, a Cleveland native who served four consecutive terms in the Ohio State House before becoming the first African American member of the Cleveland Civil Service Commission and serving as an Ohio State Senator.
Early lease-up of the community is expected to occur in 2023, with a completion date slated for 2024.

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CLEVELAND, TN – Solinity announced the grand opening of the new helped living and memory care neighborhood in east Tennessee. Remember Me Senior Care, a licensed five-home farmhouse style neighborhood in Cleveland welcomes residents who have been diagnosed with Alzheimer s or other forms of dementia. Solinity leads the operations and also serves as the marketing agency with sister company, Solinity Marketing.
CEO Josh Crisp led the development of the neighborhood after hearing the vision of the local owner s dream to provide world class care in their mother s honor. Brothers Tracy Sneed and Andy Sneed cared for their mother during her thirteen-year battle with Alzheimer s and wanted to make a community to serve other families facing the same situation.
The leadership team prides itself on providing the highest quality of care in an environment where healthcare meets hospitality in a home-like setting, Josh Crisp, Solinity CEO says. The partnership between Solinity and the local ownership team provides the best of all worlds to the Cleveland community. They are equipped and trained to deliver care services through a local culture and autonomy to make local decisions with supportive tools. This business is local and our model ensures culture, care, and relationships are top priority.
The homes are situated in a subdivision-like design with ample walking paths, gazebo and pavilion for residents and families to delight in. Each home includes a private family gathering room, living room, private apartments, a residential style kitchen where meals are prepared and served, outdoor common spaces, and large hallways.
Solinity led the formation of the team including DKLEVY Architectural Design, Diaz Fritz Construction Group, and Z-Creative Interior Design to complete the project.

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