DENVER, CO – Embrey Partners closed on its land buy for The Finch, a 370-unit multifamily residential community located in Denver’s Golden Triangle Creative District, a vibrant, creative, cultural and civic center in downtown.
In 2018, the New York Times named the Golden Triangle Creative District as one of the best places to visit in the United States describing it as “a new art epicenter” noted for its “high-caliber museums” and its “inspirational, creative atmosphere.”
“Embrey is nationally recognized as a high-end designer and builder of premier multifamily communities and the living experience we bring to this project fits perfectly into Denver’s Golden Triangle Creative District,” said Jimmy McCloskey, Embrey’s Executive Vice President for Development. “We are delighted to become part of this community.”
Embrey, known for its attention to detail, has left no detail undesigned. The residential living spaces will offer 9- and 10-foot high ceilings, inviting kitchens with quartz countertops and stainless steel kitchen appliances, and select units will offer bathrooms with soaking tubs and walk-in showers.
Plotted amenities for the project include a seventh-level deck with breathtaking views of downtown and the Colorado Rocky Mountains, a spacious clubroom with micro-offices and, WiFi lounge, pool and spa with an adjacent indoor/outdoor lounge, fitness and yoga center, Speakeasy, and a dog park and spa for furry companions.
Construction is expected to start in the first quarter of 2022. The clubhouse and first units will be available for occupancy in 2024.

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MARIETTA, GA – TerraCap Management, a privately held investment firm with its headquarters in Naples, Florida, announced the acquisition of Crestmont Residences, a 228-unit Class-C apartment complex located in Marietta, GA, a northeastern suburb of Atlanta. The property was built in 1987 and features one, and two-bedroom units. On-site amenities include a pool, business center, dog park, grilling stations and playground.
Steve Hagenbuckle, TerraCap Managing Principal, said, “Crestmont models well with our thesis and investment strategies. We find this property to be well located with fantastic attributes. Taking this asset to its next level of potential will be exciting for the TerraCap team. We appreciate the seller and the trust they had in us to do on time and without incident. We will do our best to make the right enhancements in the right areas.”
Crestmont Residences is located in the Kennesaw submarket, which has seen some of its fastest population growth within the last year and has compressed vacancies. TerraCap plans to reposition the property and capture this rent growth through several capital projects, including a renovation program on the unit interiors.
“After exiting several properties in Cobb County earlier this year, we are excited to become property owners again in one of the most dynamic suburbs of Atlanta,” said Robert Witt, TerraCap Asset Manager. “We are keen to get started on the plotted capital projects for the property, which we believe will enhance the overall curb appeal. The fresh new look of the property, organic rent growth, and the population growth happening in the market are the pillars of why we reckon that this property will meet our expectations.”
Kevin Geiger of CBRE represented the seller in the disposition. First Communities Management was hired by TerraCap as property manager.

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SMALL RIVER, SC – CWCapital Asset Management and co-sponsors Advantage Properties and Cove Property Management announce their partnership to buy River Oaks Village, a 190-unit, Class A apartment community in North Myrtle Beach, S.C., for $48.5 million. APC will assume management of the property.
Located in Small River, 25 miles north of Downtown Myrtle Beach, River Oaks Village is situated near miles of coastal beaches along the Atlantic Ocean. The property is a small distance to waterfront dining and shopping destinations as well as grocery and convenience store options. Adjacent to Highway 17, residents are easily connected to the area’s ample golf courses and resorts, Myrtle Beach International Airport and several dining, shopping, and entertainment destinations along the coast.
“The Myrtle Beach community has evolved from a favored vacation destination to a long-term living locale and has experienced rapid population growth in recent years driven by retirees desiring warmer weather and convenient access to recreation and leisure,” said Regina Lubin, Chief Investment Officer, CWCapital. “As the area continues to attract new residents seeking high-quality housing, River Oaks Village presents an opportunity to buy a well-maintained and well-located community positioned for rent growth. We look forward to partnering with APC to achieve the robust business plot designed for this community.”
Completed in 2019, River Oaks Village includes single tale cottage-style units with large floor plans and connecting one- or two-car garages, offerings that are unique to neighboring communities. The property features a well-appointed amenity set, including a clubhouse, fitness center and a swimming pool with a sundeck.

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