CENTENNIAL, CO – Embrey has closed on its site buy for Hensley at The District, a 304-unit multifamily community project with mountain views to the west, neighborhood walkability and simple access to jobs, shopping and entertainment.
The project is a six-tale multifamily wrap-style project that will help make a pedestrian-oriented promenade within The District, an emerging mixed-use community being developed by Brue Baukol Capital Partners. Embrey bought its property from Brue Baukol Capital Partners, a Denver-based company.
“We are known for making places where people want to be. This is a gorgeous site and we are excited to contribute our unique development style and skills to the Centennial community,” said Jimmy McCloskey, Executive Vice President of Development for Embrey. “Residents will delight in premium living with luxury amenities and plenty of lifestyle enhancement opportunities.”
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 a sports lounge and top floor deck, a leading-edge fitness studio with on-demand technology, a yoga room 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 12 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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MILWAUKEE, WI – USG/OZI announced the details of its ground-up opportunity zone project, Elevation 1659, as part of its unique investor-directed, multi-asset opportunity zone fund offering. The six-tale, Class A, 76-unit multifamily development, located at 1659 N. Jackson St. in Milwaukee, Wisconsin is being developed by Ogden & Company, the largest full-service real estate company in Wisconsin. This qualified opportunity zone project is scheduled for completion in July 2023.
“We focus on working with local developers who have the best relationships with their local economic development organizations and local governments, and who also historically produce the highest returns for their development projects,” said Greg Genovese, CEO of USG/OZI, and founder of USG Realty Capital. “Ogden & Company checks all of those boxes, and then some. We are absolutely delighted to have them as our development partner, and to offer Elevation 1659 in our portfolio of qualified opportunity zone projects for investors to choose from.”
Located just one mile north of downtown Milwaukee, Elevation 1659 is being built to meet the local demand for market-rate apartments in the area. It also offers a unique design, with nearly all units extending from a central core. The result will be natural light exposure from two or three sides in most units. Most apartment units offer light exposure from only one side unless residents are willing to pay a premium for a building-corner unit.
“The combined parcels are triangular, which allowed us to reckon creatively about how to maximize the look of Elevation 1659,” said Jason Pietsch, managing member with Ogden & Company. “This is a unique design. No one else in this marketplace offers it.”
Investors Choice OZ Fund by USG/OZI officially launched in June 2021. Since that time, the qualified opportunity fund has been adding more projects to its portfolio and continues to seek qualified, viable ground-up multifamily, senior living, storage, and manufactured housing projects to add to its platform. The focus is on projects with investment equity targets ranging from $10 million to $15 million per project, on average. The fund intends to raise $50 million in new investment equity and can expand the offering to $100 million if needed.
USG/OZI is also tracking the social and economic impact of its developments to honor the spirit and intent of the federal qualified opportunity zone initiative. This is being done by issuing third-party social impact reports for the life of each project, estimated for at least 10 years.
“With this, and other projects, we’re tracking the input of new capital raised from investors, and the economic impact of those investments,” said Kyle Wiese, president and co-manager of USG/OZI, and founder and managing member of OZI Group. “This displays the positive social impact each of our projects have on the local community. New construction on these projects means new jobs, new tax revenues and other items that are vital when it comes to social impact reporting.”

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CHATTANOOGA, TN – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced the acquisition of Lullwater at Huge Ridge, a 250-unit multifamily community in the Hixson submarket of Chattanooga, Tennessee. The property was bought for CS1031 Lullwater at Huge Ridge Apartments, DST, a Reg. D private placement.
“Chattanooga was recently ranked number one for employment outlook by Forbes magazine, in part due to its exceptional location just 130 miles from Atlanta and Nashville,” said Louis Rogers, founder and chief executive officer. “The city is well-known for healthcare, manufacturing, education, technology and tourism and was named ‘Gig City’ for its 10-gigabit-per-second fiber internet services. These attributes position Chattanooga as the next booming city, similar to Nashville or Austin.”
Located at 6038 Hixson Pike, the gated community was constructed in 2020 and is the newest apartment community in the Hixson submarket. Lullwater at Huge Ridge is comprised of one-, two- and three-bedroom units ranging in size from approximately 1,028 square feet to 1,432 square feet. The community features floorplans that have large open kitchens with wraparound granite countertops, faux wood vinyl flooring and stainless-steel appliances.
Community amenities include a dog park, resort-style pool with outdoor kitchen and firepit, clubhouse with lounge, media room, conference room, business center and fitness center. Additional amenities include a secure package delivery locker room, a car care center and 30 detached garages as well as 21 storage units available to rent.
CS1031 Lullwater at Huge Ridge Apartments, DST seeks to raise $27.9 million in equity from accredited investors and has a minimum investment of $50,000.
“Lullwater at Huge Ridge is a particularly attractive asset, not only because it is the newest multifamily community in the submarket, but also because it features large apartment units and unique interior finishes,” said Whitson Huffman, chief strategy and investment officer. “The community is well-located off of Hixson Pike, providing residents convenient access to nearby employment hubs as well as a Publix-anchored shopping center just one street away.”

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