JACKSONVILLE, FL – 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 10-tale, luxury, mixed-use, Class A multifamily community in Jacksonville, Florida. The community was bought on behalf of CS1031 Vista Brooklyn Apartments, DST.
“Vista Brooklyn Apartments is an brilliant acquisition for Capital Square’s 1031/DST program,” said Louis Rogers, founder and chief executive officer of Capital Square. “Jacksonville is ranked number one in Florida for multifamily rent growth, with 17.4% year-over-year rent growth during the second quarter of 2021.1 It is hard to imagine a better market for stable income and capital appreciation.”
Located at 200 Riverside Ave., Vista Brooklyn features 308 units and 12,685 square feet of ground-floor retail space. Completed in 2021, the community is situated one mile southwest of downtown Jacksonville on the banks of the St. Johns River and within Jacksonville’s historic and quick-growing Brooklyn/Riverside submarket, according to Yardi Matrix.
The community offers one-, two- and three-bedroom units with high-end finishes, including fully equipped GE kitchens with quartz countertops, custom cabinets, subway tile kitchen backsplashes and more.
Amenities at the community include a rooftop beer garden, a rooftop pool deck with a heated saltwater pool and outdoor grills, co-working and meeting spaces with pre-installed televisions for device connectivity, a top-floor clubroom with a gaming area and outdoor access, a secure package delivery room and a coffee bar. Additional amenities include a bicycle storage room, a meditation room with Somadome meditation pods, a fitness center with Technogym equipment, a spin suite and Wellbeats on-demand workout classes, a dog park and pet grooming room, and a courtyard with lounges, grilling stations, a dining area and outdoor games.
CS1031 Vista Brooklyn Apartments, DST seeks to raise $63.7 million in equity from accredited investors and has a minimum investment requirement of $50,000.
“Vista Brooklyn is located in one of the premier submarkets within the Jacksonville MSA,” said Whitson Huffman, chief strategy and investment officer. “Within walking distance to many restaurants and points of interest, and situated one mile from downtown Jacksonville, the community is highly attractive to millennials and residents looking for a walkable lifestyle. In fact, Vista Brooklyn’s zip code houses one of the fastest-growing millennial populations in the United States, according to Yardi Matrix.”

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NORFOLK, VA – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of an 8-asset portfolio of workforce housing communities in North Carolina’s Research Triangle for $475 million. The Newmark team of Jason Kon, Henry Stimler and Bill Weber represented the seller, Dasmen Residential LLC, and facilitated the debt for the acquisition.
Located throughout the Research Triangle, an area known for its research universities and STEM companies, the portfolio comprises 2,356 units and features four communities in Durham, three communities in Raleigh and one community in Charlotte. HGI plans to invest approximately $21.9 million across the properties to renovate 25% of the interior units. Harbor Group Management Company, the property management arm of HGI, will assume management of the entire portfolio.
“The Research Triangle is an vital target market for HGI as we seek to buy well-located communities in high-growth markets,” said Richard Litton, HGI. “As the area’s high-paying STEM jobs continue to attract new residents, we see opportunity to leverage our expertise in owning and operating similar communities in the region to generate rent growth amid increasing demand for housing.”
“We are proud that we were able to bring these two fantastic firms together to do this unique and large off-market transaction. Dasmen entrusted the Newmark team to do this deal in a very silent and select manner, culminating in a fantastic outcome for both parties,” said Kon.
The Raleigh-Durham properties within the portfolio have direct access to Research Triangle Park, placing residents in proximity to over 22.5 million square feet of office and lab space and more than 275 businesses. Since 2020, more than 9,000 jobs have been made in the Research Triangle area, driven by the expansion of technology and life science companies, with major employers including Bayer Crop Science, Cisco, Biogen and IBM. Apple’s first East Coast campus is currently under development in Research Triangle Park, and is projected to bring an additional 3,000 jobs to the area.
HGI is an active investor in the southeastern U.S. markets. With the addition of the Research Triangle portfolio, the firm currently owns and manages nearly 5,000 apartment units in North Carolina.

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HOUSTON, TX – Keener Investments announced that it has bought a 318-unit multifamily property in the Houston Energy Corridor. The property will be managed by Keener Management, a wholly owned subsidiary of Keener Investments.
We are excited to announce the acquisition of a premier multifamily property in the Houston Energy Corridor. The Fuse at Park Row Luxury Apartments are located within the booming West Houston area, which is a prime location for both business and leisure, said Stephen A. Smith, Chief Executive Officer of Keener Investments. The Fuse at Park Row is a Class A, 1998-vintage multifamily property that is well positioned to benefit from both strong submarket fundamentals and our proven value-add strategy which is known as the Keener Cheeseburger.
The Fuse is primarily composed of stucco, stone, and Hardiplank exterior apartment buildings that sit behind secured gated access. The community is on 14.5 acres and has luxury amenities such as a resort-inspired pool with cabanas, covered poolside patio area, modern fitness center with spin & yoga room, newly renovated clubhouse and business center, playground, pet park and much more.
This Fuse offers convenient access to major employment centers and attractive retail, entertainment and outdoor recreation including the Energy Corridor Business District, Downtown, City Centre, Memorial City Mall & Medical Center, the Galleria, Top Golf, and outdoor parks within walking distance. The community is situated in Katy ISD, one of the highest rated school districts in Texas (ranked #1 in Harris County).
Keener Investments has now completed over $500 million in transactions since 2016 and is continuing to actively buy multifamily communities in Texas.

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