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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MESQUITE, TX – Ashcroft Capital, a fully integrated multifamily investment firm, announced the acquisition of Anthem Town East (formerly Alexis at Town East), a garden-style community located near Town East Mall approximately 15 miles east of Downtown Dallas. Birchstone Residential, Ashcroft Capital’s in-house property management company, has assumed management of the community and Birchstone’s construction team will spearhead renovation efforts.
The community, which features 244 apartment homes, represents Ashcroft’s first acquisition in Mesquite and the 17th in the company’s rapidly growing Texas portfolio.
“Mesquite is one of our target markets in Dallas because it offers residents a high quality of life, fantastic schools and quick commutes to major employment centers,” said Frank Roessler, founder and CEO of Ashcroft. “Anthem Town East is already in fantastic shape, and we believe our in-house property management company will make it one of the most desirable communities in the area.”
Anthem Town East, which was built in 2002 and consists of 12 three-tale buildings, is situated at 645 N Town E Boulevard and spans approximately 14 acres with numerous water features. The community puts residents within close proximity of one of the metro area’s major retail destinations. Anchored by Town East Mall, the area includes several large shopping outlets and a sizable variety of national retailers. The community sits just north of Town East Boulevard and a small distance from Interstates 635 and 30, the gateways to the greater Dallas area.
Renovation efforts will start by addressing deferred maintenance projects, such as repainting the property and additional measures to improve the curb appeal. Amenity spaces and common areas will be updated as well, including improvements to the clubhouse, fitness center, pool areas and additional spaces. Anticipated upgrades within the apartment homes include the addition of quartz countertops with under-mount sinks, stainless steel appliances, faux wood flooring, new cabinet fronts, updated plumbing and lighting fixtures, tiled backsplashes, USB ports, fresh paint and two-inch blinds.
Anthem Town East offers one-, two- and three-bedroom homes with spacious layouts averaging nearly 1,000 square feet. Existing apartment features include nine-foot ceilings with decorative crown molding, six-panel doors, framed glass mirrors and additional high-end features. Select homes include wood plank-style flooring and sunrooms with fireplaces.
Existing common-area amenities at the controlled-access community include a resort-style pool with sundeck, gas barbecues, social lounge, coffee bar, 24-hour fitness center and a business center. Residents also have the option to lease a detached private garage or covered parking.
“Anthem Town East already possesses an brilliant location and aesthetic appeal, and we look forward to offering our trademark brand of customer service to help further cultivate the resident experience,” said David Deitz, president of Birchstone. “We’re excited to join the Mesquite market and offer a quintessential Birchstone experience.”

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