Starboard Realty Advisors Acquire 308-Unit Arden Woods Apartment Community in North Houston Suburb of Spring, Texas

HOUSTON, TX – Starboard Realty Advisors has recently bought the Arden Woods apartment community, a 308-unit, highly amenitized, Class A garden-style community located in Spring, Texas. John Carr, Ben Fuller, and Tonya Chaffin of Cushman & Wakefield represented the Seller.
Arden Woods offers contemporary living comprising a mix of 1-, 2-, and 3-bedroom apartments and includes stainless steel appliances, granite countertops, ceiling fans, faux-wood flooring, and in-unit washer/dryer appliances. Select units feature an attached garage. Amenities at the property include a resort-style swimming pool with pavilions, BBQ grills & a fire pit, a wooded area, a dog park, storage units, and a fitness center.
The property’s location provides simple access to everything North Houston, The Woodlands, and Conroe has to offer.
“The Arden Woods property is an brilliant investment due to the projected 16.8% population increase in the surrounding area by 2026. We look forward to the opportunity it presents our investors”, said Bill Winn, CEO of Starboard Realty Advisors.

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ECI Group Announces Opening of 260-Unit The Corwyn South Point Apartment Community in Atlanta Submarket of McDonough, Georgia

ATLANTA, GA – ECI Group with partner Parse Capital announces The Corwyn South Point opened the community’s onsite leasing office and welcomed the first residents who have taken occupancy. The Class A, newly developed, 260-unit project is located at 1000 Columns Drive in rapidly growing Henry County, GA. Resident go-ins started April 1st in the just-released first building, which is now 65% leased. The entire 10-building project is 20% preleased with go-ins scheduled for the second building later this month. The remaining 8 buildings are expected to be completed sequentially throughout the summer with construction completion in the third quarter. The Corwyn, a new Class A apartment brand for ECI, was developed by ECI Capital and constructed by ECI Construction.
“The Corwyn South Point has been met with extraordinary enthusiasm from people seeking a sophisticated, modern design in a walkable, neighborhood setting,” said Jimmy Baugnon, Chief Investment Officer at ECI Group. “Residents of The Corwyn can walk to over 700,000+ square feet of retail, dining, and entertainment options at South Point and are within a few minutes’ drive of I-75 and the job centers of McDonough and suburban Atlanta. ECI is excited to add to the availability of rental units within an area experiencing very high demand.”
The Corwyn South Point features spacious one-, two- and three-bedroom entertainment-friendly apartments. A state-of-the-art fitness center with a spin/yoga room, Rideshare lounge with coffee bar and a work room/business center will deliver at the same time as Building 2 later this spring.
By summer, residents will have access to a spectacular 2,000 square foot clubhouse with kitchen, a Gathering Room with a lounge, fireplace, TV and Media center with a gaming area and seating, a resort-style pool with a sun shelf and deck, outdoor seating alongside a grilling and fire pit space and a courtyard with greenspace set with lawn games and a bocce court. A dog park and pet wash station complete the amenities for residents with pets.

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RangeWater Expands Footprint With New-Build 192-Unit Olea eTown Age-Targeted Apartment Development in Jacksonville, Florida

JACKSONVILLE, FL – RangeWater plans to break ground this spring on Olea eTown, located at 11385 Exchange Street. The 192-unit, age-targeted community will have 1-, 2- and 3-bedroom apartment homes on a 5.73-acre property. The new-build community will be spread among three buildings with socially inspired amenities, including a dog park and open greenspace.
Olea eTown is being designed for those 55 and older who desire an active adult living environment. This is a growing demographic as many downsize from family homes and go towards retirement. Olea eTown is RangeWater s fifth development in Jacksonville and the company s fourth Olea community.
As we continue to expand RangeWater s Olea platform in Jacksonville, we re offering more of what we see this resident profile demands, said Steven Shores, Chairman and CEO of RangeWater. Empty nesters remain a quick-growing demographic for us and we re continuing to improve on each Olea community to provide more vibrant, collaborative communities.
Founded in 2006, privately owned RangeWater buys, develops, manages and invests in multifamily communities across the Southeastern and Southwestern United States, with a $5.6 billion portfolio.
RangeWater opened its first Olea communities – Olea at Nocatee and Olea at Viera- in Summer 2020. After each successfully stabilized within the year, the company sold both and still manages Olea at Nocatee. The age-targeted communities are purposefully designed for empty nesters looking to lead an active and social lifestyle in a multifamily environment. Olea Beach Haven, which is currently under construction, is RangeWater s first age-restricted development. Both Olea Beach Haven and Olea eTown deliver Fall 2023.
Olea eTown is a part of The PARC Group s eTown, a 1,500-acre award-winning master plotted community. When fully developed, it will include over 2,300 single-family homes, a 5-acre amenity center, a 3.5-acre Baptist Health medical center, and a 48,000 square foot Publix Super Market. Residents will benefit from The Exchange, eTown’s town center, which will offer a walkable main street lined with neighborhood shops and restaurants.
Olea eTown is ideally situated to delight in all the area has to offer. It s within a 20-minute drive to Ponte Vedra, home to the world-well-known TPC Sawgrass golf course, and Jacksonville Beach, known for the Seawalk Pavilion. Residents are also just a 10-minute drive to the Promenade Town Center and the Markets at Town Center. Both centers offer a diverse mix of retail and dining options, including Sprouts Farmers Market, Brio, Nordstrom Rack, REI, and many more. The St. Johns Town Center, a 10-minute drive north of eTown, serves as an impressive heart for recreation and employment in Jacksonville. Anchored by an outdoor luxury lifestyle mall, the center is home to 1.2 million square feet of coveted retail tenants like Apple, Lululemon, Michael Kors, Restoration Hardware, Warby Parker, Tory Burch and Tesla as well as fantastic food at The Capital Grill, Right Food Kitchen, and TossGreen.
The Southside Jacksonville area employs over 150,000 people with heavy concentrations in finance through Deutsche Bank and Merrill Lynch as well as healthcare with Florida Blue and Johnson & Johnson Vision. The Southside submarket is the largest office submarket within the MSA with more than 18 million square feet of office and over 200,000 employees, including Baptist Health, Mayo Clinic s campus and Citibank. The Flagler Center, neighboring the 1 million square-foot Baptist Medical Center, boasts more than 15,000 jobs within a 5-minute drive.
We re thrilled to contribute another vibrant and exciting project to the Jacksonville community, said Michael Oliver, RangeWater s Director of Development. Residents are a small drive to job centers, golf courses and beaches, while steps away from shops and restaurants.
Olea has special events and programming unique to each neighborhood, including an in-house lifestyle director who curates the resident experience and brings the community to life. Finishes include high-end appliances, a resort-style pool, a well-stocked library and media rooms.
The community also will feature a fitness studio, dog park with pet spa, well-stocked craft room and walking trails. Residents can delight in raised garden beds for community gardening and more social green spaces than most Class A multifamily properties. Ample storage rooms and garages also will be available.

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