LELAND, NC – Leading commercial real estate firms Goodegg Investments and Mesos Capital announced the joint acquisition of Waterleaf at Leland, a 248-unit class-A apartment community located in Leland, North Carolina. The teams are led by Julie Lam and Annie Dickerson at Goodegg Investments, and Pancham Gupta and Rajan Gupta at Mesos Capital.
“We are proud to add Waterleaf at Leland to our growing portfolio in the Carolinas. We continue to see strong performance across our assets in both North Carolina and South Carolina, including in Leland and the greater Wilmington MSA – performance driven by strong population growth, job growth, job diversity, and superior quality of life,” commented the investment leads.
“With the incredibly strong growth we’re seeing in Leland and Wilmington as a whole,” they continued, “we are confident we can optimize this asset and provide quality living for the residents, all while Leland continues to grow and thrive.”
Waterleaf at Leland is a newly built class-A 248-unit institutional-quality apartment complex delivered in April 2021. The property is located within the master-plotted Westgate community in Leland – the fastest growing city in North Carolina and one of the strongest submarkets of the Wilmington MSA.
Waterleaf at Leland features a range of top-of-the-line amenities, including an expansive resort-style saltwater pool with outdoor fireplace, clubhouse with coffee bar, state-of-the-art 24-hour fitness center with yoga and spin room, pickleball court, business center, car wash, dog park, community bike and kayak barn, private garages available, and valet trash.
Interior unit amenities include luxurious open-concept gourmet kitchens, granite countertops, tile backsplashes, 9-foot ceilings, custom hardwood cabinets, modern lighting, stainless steel appliances, wood-vinyl plank flooring, and private porches.
This is the 11th asset across multiple markets in both North Carolina and South Carolina to be added to the collective portfolio for Goodegg Investments and Mesos Capital. Together, this team owns and operates over 8,000 multifamily units worth over $900M across Texas and the Southeast and is uniquely positioned to lead the optimization and growth of this property.

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LAS VEGAS, NV – The Bascom Group has bought a 1984/1985 built, 200-unit multifamily property in Las Vegas, Nevada. Bascom bought Sun Chase in an off-market transaction, purchasing the 200-unit garden style property for $40,500,000 or $202,500 per unit. Annie Rice and Jamie Kline with JLL Capital Markets sourced the loan from ACRE Credit Apartment Management Consultants will provide property management services and SD CAP will provide construction management. The acquisition was overseen for Bascom by Scott McClave and Tom Gilfillan.
Bascom’s Senior Principal of Acquisitions, Scott McClave, stated, “Sun Chase is a highly desirable asset as it was previously owner-managed with a focus on maintaining occupancy. This acquisition offers tremendous opportunity to optimize property operations through institutional property management and a focused renovation program. Macro factors such as population growth, employment growth and diversification, and an ongoing housing supply/demand imbalance continue to a foster a highly favorable rental market, positioning Sun Chase to capitalize on these breakout demographic trends. ”
Bascom’s Acquisitions Manager, Tom Gilfillan, added “Bascom and its investors were attracted to this well-located, low-density offering with significant unrealized value-add potential in one of the fastest growing markets in the nation. Las Vegas continues to exceed expectations in part due to the region’s tremendous quality of life, diversifying economy, business-friendly government, and relative affordability compared to nearby cities.”
Constructed in 1984/1985, Sun Chase offers residents a low-density apartment community with efficiently designed floorplans that include private patios or balconies. The Property consists of 52% one- and 48% two-bedroom floorplans and features a fitness center, resident clubhouse, pool and BBQ area, and a putting green. Bascom will modernize the fitness center, clubhouse, and pool areas while repurposing the putting green into a central park that’s activated with a shaded play structure, BBQ station, seating areas, and landscaping. Sun Chase is centrally located with convenient access throughout the Las Vegas valley including major employment centers like the world-well-known Las Vegas Strip, the rapidly growing Las Vegas Medical District, the Hughes Center, and the newly built Allegiant Stadium. The surrounding neighborhood has abundant retail, recreation, and entertainment offerings catering to families and individuals alike.
Bascom’s Senior Principal of Operations, Paul Zakhary, added, “Sun Chase represents a compelling acquisition in a high growth market. With the implementation of institutional property management and a comprehensive value-add program, Sun Chase will compete for residents with nearby renovated apartment communities. We are strong believers in the Las Vegas market, and we are excited to add Sun Chase to our growing Nevada portfolio.”

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RICHMOND, VA – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced the acquisition of a recently constructed, Class A, 200-unit multifamily community in Midlothian, a suburb of Richmond, Virginia. The community was bought on behalf of CS1031 Artistry at Winterfield Apartments, DST.
“Artistry at Winterfield is another superb addition to Capital Square’s growing portfolio of Class A apartment communities in the Southeast to Texas,” said Louis Rogers, founder and chief executive officer of Capital Square. “Located in Midlothian, Virginia, a small drive on Highway 288 from Capital Square’s headquarters, Artistry is located in a well-to-do neighborhood with a median household income of $172,916 within a one-mile radius, according to Yardi Matrix. And the icing on the cake – 19.6% rent growth in the submarket, the highest year-over-year rent growth in the region, as of August 2021.* Artistry should provide investors with stable income during the holding period and exceptional appreciation potential.”
Located at 1000 Artistry Drive, the community is located 15 miles from downtown Richmond. Proximate to Highway 288, Artistry at Winterfield offers residents convenient access to multiple retail and dining options within Midlothian, including Target, Kroger, Wegman’s, Sam’s Club and more.
Artistry at Winterfield offers one- and two-bedroom units with spacious floorplans that feature top-of-the-line finishes, including stainless steel appliances, in-unit washer and dryers, walk-in closets as well as private patios and balconies.
Amenities at the community include a clubhouse, resort-style swimming pool and fitness center. Additional amenities include a resident lounge with a pool table as well as a business center.
“Artistry at Winterfield is located in Midlothian, a thriving suburb of Richmond,” said Whitson Huffman, chief strategy and investment officer. “The population within a five-mile radius of Artistry at Winterfield is projected to increase 4.09% in five years.* Capital Square is bullish on the Richmond MSA, not only for its proximity to our firm’s headquarters, but also due to its exceptional market fundamentals and notable growth.”

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