CENTENNIAL, CO – Embrey has closed on its site buy for Keene at The District, a 306-unit multifamily community project, its second scheduled project in the highly desirable development that offers mountain views, neighborhood walkability and simple access to jobs, shopping and entertainment.
The four-tale project is a multifamily wrap-style that will help promote a pedestrian-oriented, mixed-use community within The District. Embrey bought its property from Brue-Baukol Capital Partners, a Denver-based company that is developing The District.
“When you look at the powerful community attributes of The District and its support for today’s lifestyle that residents are looking for, we are pleased to be launching our second project there,” said Jimmy McCloskey, Executive Vice President of Development for Embrey. “Embrey’s focus on luxury amenities and premium living matches perfectly with the concept of The District.”
The site is adjacent to the RTD Dry Creek light rail station and near I-25, making simple access to the Denver metro area.
The first units and clubhouse are expected to be available in the first quarter of 2024 with project completion later that year.
Amenities will include a clubhouse with gameroom and business center that includes micro offices and a conference room. Outdoor grilling areas, multiple fireplaces and a landscaped courtyard complement a resort-style pool. The property will feature an aqua lounge, a leading-edge fitness studio with on-demand technology, and a dog spa. A package room, rideshare lounge and structured parking garage will be available for the convenience of residents.
Interior finishes will feature 9- to 14-foot ceilings depending on unit selected. High-end kitchens will feature quartz countertops, side-by-side counter-depth refrigerators, custom cabinetry with designer pulls, stainless steel appliances, undercabinet lighting and upgraded undermount sinks. The baths will feature upgraded undermount sinks, soaking tubs, and walk-in showers in select units. Throughout, there is wood-style flooring and plush carpet, linen closets and walk-in closets with built-in shelving, and designer vanity mirrors.

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PHOENIX, AZ – Embrey is scheduled to start construction later this month on Seven Oaks, its newest multifamily community in Phoenix, Arizona.
The company closed September 16 on its real estate buy for the property site in the Midtown area, a desirable and upscale neighborhood with strong job opportunities, simple access to light rail transportation, significant cultural amenities like the Phoenix Museum of Art, and just 10 minutes from the Sky Harbor International Airport.
The 332-unit community will feature urban-living amenities designed to make comfort and support for today’s contemporary lifestyles.
“Embrey’s vision is always to make inviting and exciting places where people want to be and our philosophy fits in perfectly in Phoenix’s Midtown community,” said Jimmy McCloskey, Executive Vice President of Development. “In addition to our unique living spaces that offer lifestyle enhancing experiences, the convenient location in one of the city’s most vibrant communities will elevate the residential experience.”
This project is financed by the Houston office of BB&T, now Truist.
The five-tale multifamily community, adjacent to Monterey Park on 7th Street, will offer unit finishes featuring contemporary kitchens with quartz countertops, stainless steel appliances, and custom cabinetry; bathrooms with soaking tubs and walk-in showers, designer-framed vanity mirrors and high-end fixtures; and, dedicated laundry rooms, linen closets and walk-in closets.
Onsite amenities include a structured parking garage; a clubhouse with a gameroom; a state-of-the-art fitness studio; a business center with micro offices; a landscaped courtyard and a resort-style pool; an outdoor fireplace and grilling area, and a dog park.
First units are expected to be available in the fourth quarter of 2023 with construction completed in the second quarter of 2024.

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FREDERICKSBURG, VA – Preferred Apartment Communities announced that it completed the acquisition of The Kingson, a 240-Unit Class A multifamily community in Fredericksburg, Virginia.
Jeff Sherman, the Company s President of Multifamily said, The Kingson offers upscale housing in Fredericksburg, an historic and growing suburb of Washington, D.C. Mr. Sherman continued, The Kingson had a rapid lease-up and will continue to benefit from its immediate location nearby quality grocery and retail operators like Publix, Target and Starbucks. It is also located within minutes of a 133-bed regional hospital and within a small commute to the Virginia Railway Express Station, which serves downtown Washington.
John A. Isakson, the Company s Chief Financial Officer said, Our real estate loan investment program continues to produce accretive returns, as well as a productive pipeline of brilliant assets for our portfolio. This acquisition also reinforces our stated strategy of simplifying our platform by rotating capital from non-core investments into our core multifamily business.

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