AMBLER, PA – Ambler, PA is getting ready to welcome its first new apartment community in over 50 years. While the construction of the property is moving quickly, the path to this stage of the project is an incredible tale of a community coming together to bring its vision to life.
25+ years ago, Ambler was a blighted community with multiple abandoned industrial facilities. Ambler was in economic decline and was suffering from the relics of its industrial past. Through dedication and focus, members of the Ambler Borough worked diligently to attract commerce, retail, dining, arts, and culture to Ambler, transforming the town into the thriving community it is today.
Summit Realty Advisors is developing the last piece needed to complement Ambler’s revitalization – housing. In 2020, the firm broke ground on The Crossings at Ambler Station, a groundbreaking new, 114-unit apartment community. The development is under construction and will offer pet-friendly, one and two-bedroom homes ranging from 669 square feet to 1,155 square feet. “I am so grateful Summit Realty was committed to getting this project approved. It’s a testament to their unwavering dedication and vision. People are dying to come live in Ambler, but we need apartments for them. I couldn’t be more thrilled about The Crossings at Ambler Station,” said Liz Wahl Kunzier, Ambler Main Street Manager.
Each apartment will feature exquisite finishes, including stainless steel appliances, wood-plank style flooring, oversized walk-in closets, unique lighting accents, and a washer and dryer. “Being the first new apartment development in Amblerin over 50 years, we had a unique opportunity to establish a new standard for apartment living in the Borough. We wanted to make an environment that would provide our residents with a living experience unlike any other within the Ambler community,” clarified John Zaharchuk, Principal at Summit Realty Advisors.
The Crossings at Ambler Station boasts an extraordinary amenity package, unrivaled by any other project of its size. Summit Realty has left no stone unturned with the community’s stand-out offerings. From lightening the workday with access to conference spaces and Zoom Rooms to a health-club style fitness center, The Crossings at Ambler Station provides best-in-class experiences at every turn. Residents have access to numerous common areas for socializing, a bark park and pet washing station, car wash, package room, and an incredible Village Green with over 23,000 square feet of perfectly landscaped outdoor space.
Perfectly sized for a close-knit neighborhood vibe, The Crossings naturally complements the Ambler scene. Within walking distance of Ambler’s main strip, residents can pop over for locally sourced goods, boutique shopping, premier dining, or a night out. The community is conveniently located next to the Ambler Train Station if they want to head into the city.
Scully Company will professionally manage the community, handle all resident programming and customer service, and bring peace of mind with 24-hour emergency maintenance.
“We are incredibly excited to be part of this awesome new project that Ambler has needed for a long time. It’s a perfect location for development. People will be in walking distance of all Ambler has to offer, even though the community is so well plotted they may never want to leave it,” Jessica Scully, President of Scully Company, shared.

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HOUSTON, TX – The Bascom Group has continued their acquisition run in Texas acquiring a 150-unit apartment community in Houston, marking their fourth Houston acquisition in nearly 12 months. Windwater at Windmill Lakes is a 150-unit community, built in 1999 and located in the southeast Houston submarket. The acquisition marks Bascom’s 39th multifamily property closed in Texas.
John Carr with Cushman & Wakefield represented the seller in the transaction. Huntington National Bank provided the debt financing for the acquisition and was arranged by Jason Pumpelly with Cushman & Wakefield. SD Cap Construction Management will provide construction management services and Cushman & Wakefield will provide property management. James D’Argenio and Chang Liu sourced and managed the acquisition for Bascom.
The apartment community is very well-maintained, offering functional, spacious interior floorplans with original construction features ideal for upgrades. The existing amenity space offers sufficient opportunities for enhancement to better serves the needs of existing and future residents. With 100% of the units in original condition, this acquisition presents an attractive opportunity to physically reposition the asset.
Demand for Houston multifamily accelerated dramatically in the second half of 2021. Houston is expected to have the third largest employment growth in the US from 2021-2026 and is expected to have the largest population gain in the US from 2021-2026.
Chang Liu, Acquisitions Director for Bascom, adds “We are very pleased with this acquisition as it aligns well with our Texas strategy of acquiring newer vintage assets with minimal deferred maintenance and major value-add potential.” Jason Hanna, Senior Vice President of Operations, comments “We are excited to buy a property that offers characteristics, like large floorplans and ample community space, that are desired by today’s renters. We can elevate the interior design to match current modern standards and offer a boutique rental product for the submarket.”

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MCKINNEY, TX – Morgan Properties, one of the nation s top three multifamily owners, announced it has bought parcHaus at Skyline, a brand-new, 136-unit single-family rental community in McKinney, Texas. It bought the luxury Build-to-Rent community from Dallas-based Provident Realty Advisors. Rebranded Elevate at Skyline, this transaction represents Morgan Properties first Build-to-Rent acquisition and its third rental community in Texas.
For nearly four decades, Morgan Properties has been predominantly focused on acquiring larger Class B multifamily portfolios where we can bring our value-add expertise and make operational efficiencies, said Jonathan Morgan, President of Morgan Properties JV. While these opportunistic multifamily investments remain our core focus, we also see immense opportunity in partnering with developers in the build-to-rent market and capitalizing on the growing popularity among renters for single-family homes that allow for more space and privacy.
Located right outside the Dallas-Fort Worth area, Elevate at Skyline is situated in an ideal location with direct access to Highway 380 and I-75. Residents are in close proximity to well loved shopping and business centers including The Raytheon Campus and Allen Premium Outlets, local and international airports, and state-of-the-art healthcare facilities.
Elevate at Skyline offers one-, two-, and three-bedroom homes and is the perfect community for renters looking for more space and privacy than a multifamily community without the hassle of homeownership. These newly-constructed homes feature private backyards, smart thermostats and locks, energy-star appliances, in-unit washer and dryers, and modern design finishes. Elevate at Skyline s gated community is highly amenitized and offers covered and garage parking, a pickleball court, pool, dog park, business center, and more.
Single-family rental homes are in high demand in the Dallas-Fort Worth area, specifically in towns that boast a desirable quality of living, upper-echelon school districts, and a robust employer base like McKinney, Texas, said Jason Morgan, President of Morgan Properties Special Situations & Principal. This made acquiring Elevate at Skyline an simple choice for us, and one that will jumpstart our future interest in diversifying our portfolio through single-family rental communities, all while continuing to grow our presence in the thriving Sun Belt region.

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