LEWISVILLE, TX – Embrey Management Services (EMS), Embrey’s nationally recognized and award-winning property management Division, has been selected to provide residential services for the Norra Apartments in Lewisville, Texas.
The 347-unit community in the highly desirable northern submarket of the Dallas-Fort Worth metroplex provides simple access to recreation on Lewisville Lake, hiking and birding at the Lewisville Lake Environmental Learning Area Nature Preserve, and premier dining and entertainment.
“We are delighted to be chosen to provide management services for this inviting community that supports the active lifestyle and premier resident experience of those who call Norra home,” said Allyson McKay, Managing Director and Executive Vice President of EMS. “Like we do for our Embrey properties, we provide the highest level of service and attention to detail for our clients who partner with us.”
Norra property amenities include a resort-style pool with a tanning ledge and plunge pool; a courtyard area with lounge and seating areas; a grilling deck; a fire table; a fitness center with a flex room; a game area; co-working space with an attached conference room; and an enclosed dog park with a wash area.
Residential unit finishes include white chocolate flat panel kitchen and bathroom cabinets; titanium white quartz kitchen and bathroom counters; gray hexagon glass kitchen backsplashes; stainless steel appliances; walnut vinyl plot flooring and light gray carpet; white tile shower surrounds; large walk-in closets; and in-suite washer and dryer.

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TALLAHASSEE, FL – Carter Funds, a fully-integrated real estate investment firm, announced the sale of two garden-style multifamily properties: 2626 Park located in Tallahassee, Florida and Signature Place located in Greenville, North Carolina. The properties were owned by Carter Multifamily, a Carter Funds company, and sold for a combined sale price of $73.3 million. Carter Multifamily bought 2626 Park in 2019 and Signature Place in 2018 for a combined $56.6 million.
Under Carter Funds’ management and ownership, the Company completed exterior and interior unit renovations, decreased vacancies, and increased average monthly rents on occupied units. Exterior renovations included enhancements to common areas and added outdoor amenities, including repurposing a basketball court as a recreation area with cornhole, foosball, and game tables at 2626 Park, and a new fitness center at Signature Place. As a result of the renovations, operational improvements, and solid market performance, Carter Funds was able to re-position and market the assets as beneficial value-add opportunities.
“The sale of these middle-market properties exemplifies our Carter Multifamily value-add investment strategy and the results we aim to achieve for our investors. Strong positioning within their respective markets paired with a successful rollout of a strategic value-add program and a high demand for affordable housing allowed us the advantage to time the exits appropriately and sell at a desirable return,” said Ray Hutchinson, chief investment officer of CMF.

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HOUSTON, TX – Wan Bridge, a Texas-based builder and operator of build-to-rent (BTR) communities, announced the company s first community in Georgetown, a central Texas town just north of Austin. The community, Georgetown Heights, is part of a multi-billion expansion plot the company recently announced that includes a goal of breaking ground on 20 to 30 new BTR communities in the Houston, Dallas and Austin suburbs within the next 12 months.
Wan Bridge s newest community, Georgetown Heights, will feature 50 three and four-bedroom, two-tale duplexes ranging from 1,400-2,100 square feet. Wan Bridge focuses the design and construction of its homes on modern, high-end style with functional layouts and practical features. In addition to the primary bedroom, additional bedrooms offer options for offices and leisure activity rooms, guest accommodations and more. Each of the homes will feature open-concept floor plans, spacious bedrooms and contemporary designs for a right blend of form and function. Georgetown Heights is located at 512 Northwood Drive in Georgetown.
We selected Georgetown as our next development destination not only for the proximity to Austin, but also as a desirable location itself, offering a fantastic place for business and growing families to live, work and play, said Ting Qiao, CEO and cofounder of Wan Bridge. Bringing a BTR community to Georgetown is the next step in our journey to transform residential living across the state by offering another high-quality option for Texas residents.
A growing, safe and friendly submarket of the Austin area, Georgetown Heights is located near a robust selection of restaurants, parks and recreation, and healthcare facilities, as well as grocery stores, casual and upscale dining, and several national retailers. Families with children living in the community have access to the exemplary public schools of the Georgetown Independent School District.
Wan Bridge recently announced a multi-year, multi-billion dollar capital commitment from a well-capitalized, investment-grade U.S. institution to significantly enhance growth. The BTR company has ambitious plans to enter Texas top-50 submarkets by building 30,000 homes primarily in the suburbs of Texas’ major metropolitan areas in the next five years.

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