DENVER, CO – Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation’s leading multifamily developers, announced the completed sale of Haven by Watermark, a 206-unit Class A multifamily community in Denver’s master plotted community of Green Valley Ranch. Blackstone Group bought the property for an undisclosed amount.
“Our defined process and integrated team structure allow us to develop, stabilize and sell communities for attractive returns,” said Josh Purvis, managing partner of Watermark Residential. “The leasing and investor interest in Haven by Watermark further affirms Watermark’s ability to deliver sought-after communities based on style, convenience and luxury.”
Haven by Watermark is located at 18400 Elmendorf Drive. Completed in 2020, the 97% leased community features an e-Urban® design that is 30% more efficient and utilizes 30% less materials than traditional design. The spacious one- and two-bedroom apartment homes are stylishly appointed with vinyl plank-style flooring, a 9′ kitchen island, granite countertops, energy-efficient stainless steel kitchen appliances and walk-in closets. Residents delight in top-notch community amenities including fitness center with Peloton and TRX; elevator; a resort style pool and spa with grills, cabanas and outdoor kitchen; a fully equipped clubhouse, game room, karaoke room, focus room; and a “doggie spaw”.
The community is strategically located north of Interstate 70 and Pena Boulevard, the primary link to Denver International Airport. Commuting residents are within walking distance of Pena Station RTD, providing a direct link to the airport as well as the area’s major employers, including Buckley Air Force Base, the University of Colorado Anschutz Medical Campus, Raytheon, Kaiser Permanente and Gateway Park. Highly rated public and charter schools along with nearby dining, entertainment and shopping options punctuate the property’s attractiveness.
Watermark Residential is a national leader in the development, construction and management of upscale multifamily communities and luxury leased housing. Other Colorado interests include communities in Longmont and Parker and properties under development in Colorado Springs and Castle Pines.
Dan Woodward, David Potarf, Matthew Barnett and Jake Young with CBRE Capital Markets represented Watermark on the sale.

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FORT WORTH, TX – Embrey Partners has closed on its sale of Domain at Founders Parc, a 285-unit multifamily community in Euless, Texas, located in the Dallas-Fort Worth metroplex.
The vibrant and well loved community, which opened in the second quarter of 2020, has experienced an exceptional leasing velocity with its simple access to nearby job opportunities and quality of life attractions such as high-end retail, restaurants, AT&T stadium, Texas Live and the DFW Airport. The community is served by the highly acclaimed Hurst-Euless-Bedford Independent School District.
Living spaces feature contemporary custom cabinets, wood-style flooring, large kitchen islands, stainless appliances, ceramic/glass tile backsplashes, under-counter lighting, walk-in showers, garden-style soaking tubs, spacious walk-in closets, balconies, and full-sized washers/dryers. Residential amenities include a resort style pool, poolside cabanas, a fitness center with spin studio and virtual trainer, cyber and resident lounges, coffee bar, game room, conference rooms, pet park and spa, bike wash and repair shop, fire pit and outdoor kitchen.
“Embrey has earned a well-deserved reputation for projects driven by high-end design and attention to detail when it comes to making places where people want to be,” said John Kirk, Managing Director & Executive Vice President, Development. “The Domain at Founders Parc upholds and advances that reputation as evidenced by the high popularity of residential interest and leasing.”

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NASHVILLE, TN – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced the acquisition of Integra Vistas, a Class A, 280-unit multifamily community in the Hixson submarket of Chattanooga, Tennessee. The property was bought for CS1031 Integra Vistas Apartments, DST, a Reg. D private placement.
“Located in Chattanooga, Tennessee, Integra Vistas is a 2018 vintage, Class A multifamily asset with strong resident demographics,” said Louis Rogers, founder and chief executive officer. “The affluent Hixson submarket of Chattanooga, where the property is located, has an average projected occupancy rate of 98.3% and projected rent growth of 4.9% for the next five years, according to Yardi Matrix.”
Located at 151 Integra Vistas Drive, the community was constructed in 2018 on approximately 20 acres of land. Integra Vistas is comprised of one-, two- and three-bedroom units ranging in size from approximately 766 square feet to 1,278 square feet.
Community amenities include a resort-style swimming pool with an expansive sundeck; an outdoor pavilion with a kitchen, flat screen TV and fireplace; as well as a resident clubhouse with an entertainment, game and poker room. Additional amenities include a state-of-the-art fitness center featuring free weight and circuit stations, CrossFit training, cardio, yoga and fitness on demand; a pet park with agility equipment; resident package receiving lockers; attached and detached garages and walking trails with scenic mountain views.
CS1031 Integra Vistas Apartments, DST seeks to raise $27 million in equity from accredited investors and has a minimum investment of $50,000.
“The community’s location offers residents convenient access to Chattanooga’s two main employment centers; Enterprise Industrial Park, home to Amazon and Volkswagen plants and Downtown Chattanooga, home to BlueCross BlueShield Headquarters and more than 60,000 jobs,” said Whitson Huffman, chief strategy and investment officer. “The property’s strategic location near major local employment hubs coupled with its high-end finishes and best-in-class amenities positions it as an ideal asset for our growing portfolio of investment properties.”
Since the company was founded, Capital Square has bought 130 real estate assets for over 3,000 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation.

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