SAN ANTONIO, TX – Fantastic Gulf Group, together with its partners Westdale Properties and a large Canadian institutional investor, has bought 787 residential lots across seven master-plotted communities in San Antonio, Austin and Houston, TX, from Forestar Group to build, own, and operate dedicated single-family rental homes.
“This acquisition provides an brilliant entry point into the Houston and Austin markets while increasing Fantastic Gulf’s operational scale across our Texas portfolio. Based on demographic trends and customer preference, we believe the demand for professionally managed rental housing is undersupplied,” said Aole Ansari, Chief Operating Officer, Fantastic Gulf Build-to-Rent. “Land development and construction activities are underway, and we expect to start home deliveries to residents in late 2023. We look forward to future investment opportunities and strengthening our relationship with Forestar.”
Daniel Bartok, Chief Executive Officer of Forestar, said, “These sites provide an brilliant opportunity to include purpose-built single-family rental housing for consumers interested in living in these communities. We are very pleased to bring Fantastic Gulf into our builder program to fulfill the growing demand for this housing option and look forward to growing our relationship.”
Fantastic Gulf’s investment strategy is primarily focused on US Sun Belt states, whose high population growth is driven by strong job growth, low tax and regulatory burdens, affordable housing, low unemployment, and warmer climates. Together with existing projects in Tampa, FL, Charleston, SC, San Antonio, TX and Dallas, TX, Fantastic Gulf’s build-to-rent portfolio is approaching 2,000 lots and homes within one year of operation.

Powered by WPeMatico

ORLANDO, FL – The Bascom Group, in partnership with Leste Group and East Hill Capital Partners, has bought their third deal together, a 448-unit garden style apartment community in Orlando, Florida. The Chatham Square acquisition brings the Partnership’s total investment into Florida over the past year to over $330,000,000 and 1,200 units.
Accounts managed by KKR provided the debt financing for the acquisition, and Dustin Stolly, Daniel Matz, and Daniel Morin of Newmark arranged the financing. The Newmark investment sales team of Scott Ramey, Brad Downing, Ryan Temperamental, and Paul Grant brokered the transaction. SD-Cap will provide renovation management and Cushman and Wakefield will provide the property management.
Bascom’s Tony Ferrell, Senior Principal – Operations, stated, “Chatham Square provides an exceptional value-add opportunity in the rapidly expanding Orlando market. Originally built as Disney corporate housing within the Small Lake Bryan master plot, Chatham Square offers residents spacious floorplans and abundant greenspace, characteristics that are in high demand by renters.”
Located in a premier in-fill location adjacent to Walt Disney World, Chatham Square’s proximity to Interstate 4 allows for simple access to major employment, retail, dining, and entertainment centers throughout Orlando. The property is situated within a small commute of multiple key demand drivers in South Orlando, including Walt Disney World, Lockheed Martin, SeaWorld, Universal Resort, Orlando International Airport, and 13.1 million SF of office and flex space in the South Orlando Commercial Core. Orlando continues to be an attractive destination thanks to its business-friendly environment, no state-income tax, access to major transportation networks, and high quality of life.
Chatham Square features two- and three-tale residential buildings and spacious one-, two-, three-, and four-bedroom floorplans. The property grounds provide residents a sprawling low-density feel with lush landscaping, bountiful public spaces, mature oak groves, and views of Small Lake Bryan. Chatham’s abundant amenity set includes two clubhouse areas, resort style swimming pool, fitness center, tennis court, sand volleyball court, outdoor pool table, garages, and more.
“Chatham Square’s irreplicable location and differentiated, low-density, product offering is what attracted us to this value-add multifamily investment opportunity. Located in Southwest Orlando, Chatham will benefit from being in one of the tightest housing markets in the country. We are glad to be expanding our trusted partnerships with Bascom and Leste through this transaction,” said Duff Bedrosian, Managing Partner at East Hill Capital Partners.

Powered by WPeMatico

ORLANDO, FL – Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, announced that it has completed a significant rehabilitation of Valencia Park. The 208-unit affordable property in Orlando, Florida currently serves about 800 residents. LAC closed on the acquisition of the property in January 2021 and as part of the rehabilitation, extended the property’s affordability restriction for another 30 years.
“Lincoln Avenue Capital is a mission-driven company that works to strengthen communities through affordable housing,” said LAC CEO Jeremy Bronfman. “We are proud to expand our impact in Orlando by providing high-quality, sustainable homes for nearly 800 residents.”
“We look forward to preserving and extending the affordability of Valencia Park for another generation of residents,” said Eli Bronfman, LAC Managing Partner.
Lincoln Avenue Capital invested significantly in rehabilitating and upgrading the property. Completed upgrades to individual units include new kitchen appliances, new countertops, and vinyl plank flooring. The buildings received fresh paint and new windows as well as HVAC and electrical system improvements.
“I am thrilled about the recent renovations—it nearly feels like I am living in a new place entirely,” said resident Kim Lopez, who has lived at the property since 2015. “From the new flooring to appliances, upgrades across the board have made a positive impact on my daily life.”
LAC equipped the property with a range of new sustainability features such as energy-efficient windows in each unit, low-flow appliances that preserve water, and daylight sensors attached to the buildings to conserve electricity. Additionally, LAC improved the site’s accessibility with new wheelchair-accessible paths installed throughout the property.
Valencia Park currently offers residents outdoor amenities including a swimming pool, playground, and basketball court. The property management and resident services teams will continue to provide residents with opportunities to connect through community picnics, holiday parties and programming for children on a regularly scheduled basis.

Powered by WPeMatico