DURANGO, CO – Olympus Property announced the successful acquisition of the Rocket Pointe apartments, a 194-unit garden style Class-A multifamily property in Durango, Colorado.
Durango is a scenic, resort-style market located in Southwest Colorado. The community is home to a diverse group of residents – from world class physicians at Durango’s medical centers, small-business owners & entrepreneurs, professional outdoor athletes, to remote employees relocating from costal city centers. Residents and visitors delight in an abundant offering of outdoor activities from hiking, camping, skiing/snowboarding, fishing, whitewater rafting, hunting, horseback riding, mountain biking, rock climbing, and more.
“The Durango market is experiencing a large influx of people moving from larger cities. The population influx in conjunction with the high barrier-to-entry for new apartments has led Durango to be one of the top markets in the nation in terms of rent growth this past year.” said John Vu, Olympus Acquisitions Manager.
Completed in 2019, Rocket Pointe is one of only two market-rate multifamily communities constructed in Durango in the last 20 years. The property offers best-in-class amenities with a resort-style heated swimming pool, fitness center, community kitchen, bike repair station, ski/snowboard waxing room, and breezeway access garages. Units feature granite countertops, stainless steel appliances, and designer finishes.
“Rocket Pointe is an opportunity for our company to expand into a prestigious, supply-constrained new market with a strong fundamental tale. The asset is in a flourishing community with plenty of long-term upside for our firm and our partners,” said Chase Bennett, Olympus Managing Director.

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CHATTANOOGA, TN – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced the acquisition of One Riverside, a 280-unit multifamily community in Chattanooga, Tennessee. Completed in 2020, the community was bought on behalf of CS1031 One Riverside Apartments, DST.
“Chattanooga is a gem of a city with the feel of Austin or Nashville before they took off,” said Louis Rogers, founder and chief executive officer of Capital Square. “The combination of natural beauty and economic opportunity is unrivaled in the region.”
Located at 950 Riverside Drive, the 280-unit community features one- and two-bedroom units situated on 17.7 acres of land. One Riverside is located approximately two miles from downtown Chattanooga and offers residents convenient access to numerous employers and community points of interest. Nearby attractions include the Tennessee Riverwalk, a 16-mile hike-and-bike trail that connects the property to downtown Chattanooga, the Walnut Street Pedestrian Bridge, the Tennessee Aquarium and Hunter Museum of American Art. The community is also near AT&T Field, home of the Chattanooga Lookouts, the Double-A Minor League Baseball affiliate of the Cincinnati Reds.
“One Riverside is ideally located in the Chattanooga East submarket, providing residents with convenient access to numerous employers and community points of interest,” said Whitson Huffman, chief strategy and investment officer. “The property’s submarket has high barriers to entry with only one other property under construction within a three-mile radius. This premier location coupled with high-end amenities makes this property an exceptional addition to our portfolio of multifamily DST properties.”
Amenities at the gated community include a clubhouse with resident lounges, a gaming area, clubhouse kitchen, business center, coffee bar and meeting rooms. Additional amenities include a state-of-the-art fitness center with digital on-demand and weekly onsite classes, a yoga studio, outdoor grilling stations, package delivery lockers, a saltwater pool with tanning ledge, a pet spa, kayak storage and an outdoor covered patio with fireplace.
This is Capital Square’s fifth acquisition of a multifamily community in Chattanooga, making management efficiencies and economies of scale.

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COLUMBIA, SC – The latest, but not last acquisition of 2021 by MultiVersity Housing Partners is the acquisition of The Orchard Columbia. The Orchard Columbia is an 84-unit, 308-bed student housing property located less than one mile from The University of South Carolina. The Orchard Columbia is a highly reputable asset within the submarket and is an exceptional addition to MVHP’s student housing portfolio. MVHP’s property management arm, MultiVersity Property Management, will be overseeing the management and plotted improvements at the subject property.
The Orchard Columbia is comprised of 84 cottage-style units spread across 8.05 acres. The unit mix consists of 28 three-bedroom units and 56 four-bedroom units each suited with bed-bath parity. The Orchard Columbia was constructed in three phases between 2015 to 2018 and is outfitted with modern upscale features that include concrete and hardwood flooring, expansive kitchens, granite countertops, stainless steel appliances, and 48″ screen TVs.
Community amenities include a pool, clubhouse, fitness center, individual security systems, and private parking. The Orchard Columbia is seated in a prime location, 0.9 miles from campus and 0.6 miles from Williams-Brice Stadium. The competitive location, amenities, and cottage-style product has enabled the property to achieve full occupancy for the 2021-2022 lease term, and is now 100% preleased for the 2022-2023 school year.
MultiVersity Property Management will bring their boutique-style approach and expertise in property management to operate this property more efficiently. MVPM will be adding an outdoor LED screen near the pool to show the latest Gamecock sporting events. Additionally, upgrades will be performed to the clubhouse, pool furniture, and fitness equipment. Furthermore, the cable and internet package will be enhanced along with improved security measures. These improvements will take place throughout the remaining school year and will be available to residents starting in August 2022.
“MultiVersity is excited to be back in the Columbia market with such an outstanding asset,” said Principal of MVHP, Anthony Magnelli. “Orchard Columbia is the only cottage style product within a mile from campus, setting it apart from the competition. MVPM’s plotted upgrades will further set Orchard apart from the competition making it the premier choice for USC students.”

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