SAN ANTONIO, TX – Casoro Group, a leading multifamily real estate investment firm based in Austin, Texas, announced the sales of three multifamily properties, totaling 692 units. The sales represent Casoro Group s latest investment strategy to redirect capital to real estate properties focused on the knowledge worker market sector.
Two of the complexes are located in the Houston-area and include the 252-unit Cypress Ridge Apartments, at 2331 Bammelwood Drive, and the 236-unit Highland Cross Apartments, at 411 Highland Cross Drive. Both properties were originally constructed in 1980 and received significant upgrades from Casoro Group. Strategic Realty Holdings, a California-based investment firm, bought the Class B, garden-style apartment properties from Casoro Group for $34.3 million. Cypress Ridge features one- and two-bedroom floor plans ranging in size from 600 to 955 square feet, and Highland Cross features one- and two-bedroom options, but with slightly larger sizes ranging from 685 to 1,140 square feet. Both properties have similar amenity packages that include community pools, fitness centers, clubhouses and onsite laundry facilities.
The third property sale included the 204-unit 5Fifty Apartments, a Class B, garden-style multifamily complex in the San Antonio-area. Located at 550 Heimer Road these apartments feature one- and two-bedroom floor plans ranging from 575 to 885 square feet. Originally constructed in 1984, 5Fifty also received significant upgrades by Casoro Group prior to the sale to NorthMarq for $22.75 million. Renovations to all three projects included unit upgrades, improvements to pools and parking facilities, , and the addition of dog parks.
Our investment in these properties was guided by our commitment to building ‘Better Homes for Better Lives, Casoro Group CEO Yuen Yung said. We strive to make homes and communities that residents are proud to live in, and we re grateful to all our partners for helping us deliver such highly performing assets and exceptional service to our residents, team members, and investors.

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BALTIMORE, MD – Broadshore Capital Partners, in a joint venture with an investment partner, has completed the acquisition of 225 North Calvert, a 347-unit, 17-tale apartment building in the Inner Harbor District of downtown Baltimore, Maryland.
The seller completed a top-to-bottom renovation of the 1967 constructed office building in 2018, converting the property to a Class A apartment tower. In addition to 347 apartment residences, the building also provides 9,535 square feet of ground floor retail space, currently leased to a DaVita dialysis center, and 430 parking spaces.
Downtown Baltimore has evolved in the decades since 225 Calvert was originally constructed and in its new incarnation it offers a well-located, modern residential opportunity in a central business district that also benefits from being a well loved tourist destination, observed Brad Howe, co-CEO, Broadshore. Broadshore s experienced multifamily team will oversee management of 225 North Calvert to ensure it maximizes its competitive position in an improving market with projected increases in occupancy and rental rates.
225 North Calvert has sustained above average occupancy throughout the pandemic. In addition to being well-located in downtown Baltimore, one of the city s business hubs and across the street from Mercy Hospital, the property also benefits from access to the area s regional public transportation network and proximity to a variety of established retail and dining areas in a walkable neighborhood. The surrounding area is also home to the National Aquarium, Oriole Park at Camden Yards and Ravens M&T Bank Stadium.
The apartment tower features a mix of contemporary one- and two-bedroom residences designed as open floor plans with floor-to-ceiling windows, balconies, modern kitchens, bathrooms and in-unit washer and dryer. Residents have a host of amenities with a rooftop terrace featuring a swimming pool and lounge area, community game room, multimedia theatre, health club and a pet exercise area and grooming stations.
Broadshore s head of east coast acquisitions, Scott Clukies, led the company s team on the transaction. The team applied its expertise in multifamily investments, built over more than 30 years of investing in markets across the United States, to identify, evaluate and secure this opportunity. The seller was represented by JLL. The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Managing Directors Walter Coker and Brian Crivella and Director Robert Jenkins.

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GREENSBORO, NC – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, has bought The Elliott, a newly built 272-unit apartment community located in Chapel Hill, N.C. The property, bought on behalf of the firm’s Bell Core Fund I investors, will be renamed Bell Chapel Hill and marks the 85th community managed by Bell Partners in its home state of North Carolina.
Bell Chapel Hill is located in Chapel Hill’s Blue Hill District and is positioned in the Research Triangle, one of the fastest growing metropolitan areas and employment centers in the country. Situated just off I-40, the property’s location provides residents direct access to major employers including Apple’s Future Campus, Google’s Engineering Hub and numerous biotech and life science employers. Bell Chapel Hill is also proximate to leading research universities such as University of North Carolina at Chapel Hill (UNC), Duke and North Caroline State University.
The Blue Hill District offers ample retail, dining and recreation options to residents of Bell Chapel Hill. The area’s walkability provides convenient access to several retail and grocery destinations including Whole Foods and Trader Joe’s as well as the University Place and Eastgate shopping centers.
“Bell Chapel Hill is an exciting addition to our Bell Core Fund I portfolio,” says Nickolay Bochilo, EVP of Investments at Bell Partners. “The Raleigh-Durham area continues to be a magnet for STEM jobs, which fuels an increasing demand for high quality housing in the region.”
Construction of the property finished in 2021, featuring modern amenities such as a fitness center, a pool with a sundeck and a coworking lounge with Wi-Fi for residents.

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