COLUMBUS, OH – State lawmakers and local officials joined The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, and the Columbus Metropolitan Housing Authority, to break ground on a 180-unit fully affordable apartment community in Columbus, Ohio.
In partnership with the City of Columbus Housing Division, the transit-oriented project will be developed with tax-credit funding support from the Ohio Housing Finance Agency and Huntington National Bank.
“The Sinclair Apartments are a testament to what Columbus does best: collaboration. Partners have leveraged their resources to build housing our residents can afford, something our growing city desperately needs,” said Mayor Ginther.
Located at 5055 Sinclair Avenue, Sinclair Apartments will address the need for high-quality affordable housing for Columbus-area residents earning between 30 and 70 percent of the Area Median Income. Formerly known as Alrosa Villa – the once-heralded live music venue that closed permanently in early 2020 – the site will be transformed into a community of three-building, four-tale apartments consisting of one-, two-, three- and four-bedroom units.
“Columbus is a thriving city that has experienced tremendous growth and development over the years,” said J. David Heller, Principal, President and Chief Executive Officer at The NRP Group. “We are thrilled to partner with The City of Columbus Housing Division, The Columbus Metropolitan Housing Authority and The Ohio Financing Agency to help fulfill the ever-present need for inclusive best-in-class housing. By providing affordable options that keep resident experience top-of-mind, working professionals and growing families will have more opportunities to be able to live in the fantastic city of Columbus.”
Sinclair Apartments will be conveniently located along an active bus line connecting residents to ample restaurants and retail including Target, Kroger and Saraga International Grocery. Less than two miles from the rapidly growing Clintonville neighborhood and a mere seven miles north of downtown Columbus, the community is a small commute from thousands of job opportunities.
“With a large percentage of families in Franklin County spending nearly half of their income on rent, Sinclair Apartments will provide them with relief while simultaneously allowing for the community to grow and flourish,” said Columbus Metropolitan Housing Authority (CMHA) President and CEO Charles Hillman. “The affordable housing crisis can only be solved by public and private institutions working together. We’re honored to collaborate with our partners who are committed to addressing this problem with world class housing for all income levels.”
In addition to providing high-quality rental options for Columbus-area residents, Sinclair Apartments will improve the streetscape on Sinclair Avenue where Alrosa Villa once stood and is supported by local neighborhood association leaders.
“Access to affordable housing is critically vital. As a financial institution, we believe it is our responsibility to support efforts that provide individuals and families with access to stable housing so we can build strong communities,” said Sue Zazon, Central Ohio Regional President, Huntington National Bank. “At Huntington, we are dedicated to improving the quality of life for our communities and we are proud to work so closely with the City of Columbus, the Columbus Metropolitan Housing Authority, the Ohio Housing Finance Agency, and The NRP Group.”
Ohio Housing Finance Agency Director of Legal Affairs Guy Ford added: “Sinclair Apartments will provide unprecedented value to the greater Columbus community. It is a privilege to provide support to our partners who are committed to developing housing opportunities that allow for long-term growth and success in the community.”
Completion for Sinclair Apartments is scheduled for 2023.

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PEACHTREE CORNER, GA – TerraCap Management, a privately held investment firm with its headquarters in Naples, Florida, announced the acquisition of The Reserve at Peachtree Corners, a 354-unit Class-B apartment complex located in Peachtree Corners, GA, a northeastern suburb of Atlanta. The property was built in 1985 and features one, two, and three-bedroom units. On-site amenities include a pool overlooking a private lake, fitness center, lakeside clubhouse, dog park, and playground.
Steve Excellent, TerraCap National Director of Acquisitions, said, “We’re pleased to add another asset to our holdings within the northern Atlanta suburbs. Peachtree Corners is a vibrant and growing city with a local government that is firmly committed to both economic and community growth. The property and area are a excellent fit for our thesis, so we’re excited for another opportunity to expand within this market.” Excellent added, “We loved working with the seller and JLL during the transaction, and we wish all parties the best in the future.”
The Reserve at Peachtree Corners is located in the North Gwinnett submarket, which has seen rent growth outpacing the Atlanta metro average over the last year. TerraCap plans to reposition the property and capture this rent growth through several capital projects, including a premium renovation program on the unit interiors.
Matt Stewart, TerraCap Director of Asset Management, said, “As commercial property owners in Peachtree Corners, we have studied the area for the past three years and believe the multifamily properties in the immediate area will continue to have strong demand and limited new supply. The Reserve at Peachtree Corners has strong surrounding amenities, fantastic access to employment districts, and a spacious 45-acre site with a lake, making a unique value-add tale to residents. Our capital plot is geared towards updating unit interiors, renovating the clubhouse, and boosting the overall curb appeal to meet the market demand. These improvements, together with strong organic rent growth, give us a fantastic opportunity for success with our first multifamily in Peachtree Corners.”

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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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