NASHVILLE, TN – Preferred Apartment Communities announced it completed the acquisition of The Anson, a newly constructed 301-Unit Class A multifamily community in the Nashville, Tennessee MSA. The acquisition of The Anson resulted from the real estate loan investment the Company originated in May of 2018 to support the development of the property.
Jeff Sherman, the Company s President of Multifamily said, This acquisition expands our footprint in Nashville, a strategic market with tremendous growth prospects. Nashville continues to benefit from numerous corporate relocations, expansions and investments, including Facebook, General Motors and, most recently, Oracle. Mr. Sherman added, Not only is The Anson an absolute best-in-class product developed by Oxford Properties, it is located in an extremely high growth corridor along I-24, less than 15 miles to downtown, and within minutes of the 300+ acre mixed-use Century Farms Development.
John A. Isakson, the Company s Chief Financial Officer said, Our acquisition of The Anson is yet another fantastic example of the continued value of our real estate loan investment program. The assets in this program earn an accretive return for us during the term of the loan and provide a proprietary pipeline for us to buy assets in a very competitive environment. We look forward to continuing to grow this program in the future.

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HOUSTON, TX – San Francisco-based real estate investment firm Hamilton Zanze (HZ) announced the sale of The Point at Cypress Woods Apartments, located in the suburbs of Houston. HZ bought the property the property in 2014 and the sale closed on August 25, 2021.
“The Point at Cypress Woods illustrates our ability to identify multifamily investment opportunities and increase value through upgrading the property, renovating units and improving management,” said Anthony Ly, director of dispositions at Hamilton Zanze.
The Point at Cypress Woods was built in 1983 and is located at 11800 Grant Road in Cypress, Texas, a suburban community in the Northwest Houston metro area. The property comprises 530 one-, two-, and three-bedroom units featuring high ceilings, upgraded kitchen and bathrooms, washer and dryers, balcony or patios, fireplaces, skylights, and walk-in closets. Community amenities include a gated entrance, 24-hour fitness center, two swimming pools, spa/hot tub, playground, picnic area with barbecue grills, sundeck with lounge chairs, and three onsite laundry facilities.
During their ownership, Hamilton Zanze upgraded unit interiors with new appliances, flooring, and countertops. The company also improved community amenities including pool area enhancements, landscaping and irrigation repairs, carport installation, exterior roof/siding upgrades, and repainting all buildings. The Point at Cypress Woods was 94% occupied at the time of sale.
The property is close to several major employers in the market, such as St. Jude’s Hospital (approximately six miles from property) and Hewlett-Packard (four miles from property). The community’s location provides simple access to two major highways connecting residents to downtown Houston and surrounding cities. The Point at Cypress Woods is well-located in the city of Cypress, which is now ranked #50 among the top 100 highest-income urban areas in the U.S. by per capita income. It sits just outside of the Houston metro area, a significant economic and cultural center of the American South, and an area expected to see rapid population growth in the coming years.

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JONESBORO, AR – DLP Capital, a private financial services and real estate investment firm, announces the acquisition of Stadium Place, a 200-unit multifamily property, located in Jonesboro, Arkansas. The addition of the community, which will be renamed to DLP Jonesboro, increases the number of DLP Capital-owned multifamily apartment homes to 568 units in the greater Memphis area, positively impacting the workforce housing affordability crisis throughout the Sunbelt and across the country.
Our investors trust us to make an impact for the greater excellent while we strive to achieve remarkable returns for their investment, said Don Wenner, Founder and CEO of DLP Capital. The acquisition of DLP Jonesboro continues to add to our growing portfolio and advances our mission to provide housing that is affordable to working families throughout the greater Memphis area.
By making internal and external renovations and improvements throughout these bedroom communities that are often forgotten about by developers focused on building new luxury housing, DLP Jonesboro is another example of the company s continued commitment to serve families and the communities where they reside by providing stable and safe housing in proximity to excellent schools, with rents that are affordable.
DLP Jonesboro was built in 2000 and includes 1, 2, and 3-bedroom units. It is conveniently located near downtown Jonesboro s major retail center, restaurants, and Arkansas State University, (the second largest university in Arkansas). The property is close to major highway routes offering convenient one-hour access to Memphis, Tennessee. The DLP Capital community includes 10 residential buildings, a swimming pool, a state-of-the-art fitness center, playground & picnic areas, a basketball court, and additional amenities.

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