CHARLOTTE, NC – GID has bought Addison Park, a Class B apartment community located in Charlotte, NC. This 426-unit community is managed by GID s wholly-owned property management company, Windsor Communities, and has been rebranded Windsor Addison Park.
Options abound at this garden-style community with spacious one-, two-, and three-bedroom apartments. Apartment homes feature hardwood flooring, 9 ft ceilings, and a mix of contemporary and original finishes, as well as conveniences like full-size washer dryer machines, and fireplaces. Residents of this community delight in upscale amenities, including two pools, a resort-style pool deck with an outdoor kitchen, a playground and picnic area, a business center, a fitness center, a car care center, and a pet park.
Windsor Addison Park s location offers residents an simple commute to the Charlotte CBD and the University submarket, an vital employment, shopping and entertainment center. With quick access to major thoroughfares, this community also offers convenient access to UNC Charlotte, Atrium Health University City, and Uptown Charlotte.
GID is a privately-held, vertically-integrated real estate company that owns and operates a portfolio of multifamily and industrial assets, as well as develops mixed-use projects. The current portfolio includes over 46,000 residential units, 20 million square feet of industrial space, and 1 million square feet of retail and office space.

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HOUSTON, TX – Civitas Capital Group, a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, has bought Stonebridge at City Park, a 240-unit apartment complex in Houston, Texas.
“This is Civitas’ first multfamily acquisition in 2022, and our fourth acquisition in the Houston market in the past year,” says Rootvik Patel, Managing Director for Civitas, who led the transaction along with colleague Justin Temple. “With the employment growth we’ve seen in Texas markets like Houston, Dallas-Fort Worth, and Austin, coupled with a lack of supply, we reckon the multifamily space will continue to be a very attractive asset class for us in 2022 and beyond.”
Stonebridge at City Park, built in 2004, sits just 15 minutes from downtown Houston. The property is near major demand drivers such as Texas Medical Center, the largest medical city in the world with more than 60 medical institutions, 10 million patient interactions, and over 100,000 employees.
The Houston MSA, home to 7.1 million residents, has experienced a population boom since 2010, adding more than 1.1 million people. This has drawn highly skilled labor and increased median household income to over 10% of the national average.
Stonebridge at City Park is the seventh multifamily property Civitas has bought since this past summer. Renovation will be underway soon to enhance this value-add acquisition.

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DALLAS, TX – Sentinel Real Estate Corporation announced that it has bought Third Rail Lofts, a 164-unit apartment community located in Downtown Dallas. The transaction provides the opportunity to buy an institutional-scale asset in a high growth, urban location at a significant discount to replacement cost. Immediately upon acquisition, Sentinel is rebranding the community as Main 3 Downtown.
Consisting of three adjoining buildings – The Flats, The Landmark and The Tower – Main 3 Downtown comprises 164 studio, one- and two-bedroom apartments and three retail spaces. The luxury loft-style residences feature an impressive selection of finishes including stainless steel appliances, walk-in closets, custom cabinetry and granite countertops; but, they were last updated in 2008. Sentinel expects to realize additional value through the execution of a capital improvement program that calls for the modernization of all 164 units. Each building s lobby will be updated to increase consistency in design and branding across the community. The firm also intends to renovate the amenities, which include a two-lane bowling alley, a billiards room, a small movie theater and a wine tasting room, as well as a pool deck and terrace with a salt-water pool, an outdoor bar with a grilling area, a fire pit, an outdoor movie theater and a private dog walk.
Main 3 Downtown is located in Dallas, which has experienced tremendous growth over the past decade and is now the fourth most populous MSA in the United States. The Downtown submarket in particular has seen more than $7 billion in public and private investment since 2000, leading the area to be recognized as a premier live/work/play neighborhood. The property is situated on Main Street in the center of the Dallas Central Business District, and is within walking distance of employers, retail, restaurants museums and the Dallas Area Rapid Transit (DART) light-rail station. In addition to being home to major corporations such as AT&T, Goldman Sachs and Neiman Marcus Group, the Central Business District is the largest employment center in North Texas with more than 135,000 daytime workers, providing a robust built-in demand driver for rental housing in the area.
The Dallas economy benefits from a diverse employment base and low cost of living as compared to coastal cities, both of which support strong in-migration trends, said Michael Streicker, President of Sentinel. The Downtown area has experienced tremendous growth, and the recently completed AT&T Discovery District and the repositioning of The National on Elm Street have brought renewed vibrancy and livability to the Central Business District. We look forward to implementing a value-enhancing investment program at Main 3 Downtown to update the unit interiors and improve the quality of the amenities for the residents of Dallas.

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