Embrey Closes Sale of 285-Unit Domain at Founders Parc Apartment Community in Dallas-Fort Worth Metroplex Market of Euless, Texas

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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Capital Square 1031 Acquires 280-Unit Integra Vistas Multifamily Community in Affluent Chattanooga Submarket of Hixson, Tennessee

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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Carter Funds Completes the Sale of Two Value-Add Apartment Communities Totaling 422-Units for $49 Million in Jacksonville, Florida

JACKSONVILLE, FL – Carter Funds, a fully-integrated real estate investment firm, announced the sale of two garden-style multifamily properties, The Oaks on Monument located at 401 Monument Rd., and Laurel Pointe located at 3000 Coronet Ln. in Jacksonville, Florida. The properties were owned by Carter Multifamily, a Carter Funds company, and sold on June 10, 2021, for a combined sale price of $49 million. Carter Multifamily bought the properties in late 2018 for a combined $36.2 million.
During the approximate 2.5-year hold period, Carter Funds completed substantial exterior and interior unit renovations, decreased vacancies, and increased average monthly rents on occupied units. Exterior renovations included enhancements to common areas and added outdoor amenities, including a pet park at Laurel Pointe and expanding and renovating the fitness center at The Oaks on Monument. As a result of these renovations, operational improvements, and solid market performance, Carter Funds was able to re-position and market the assets as beneficial value-add opportunities in a high-growth submarket of Jacksonville, Florida.
“The sale of these middle-market properties exemplifies our Carter Multifamily value-add investment strategy and the results we aim to achieve for our investors. During our ownership of these two properties, Jacksonville has ranked in the top five for rent growth amongst markets with over 1 million residents. This strong multifamily market paired with a successful rollout of a strategic value-add program and a high demand for affordable housing in the Southeast allowed us the advantage to time the exits appropriately and sell at a desirable return,” said Ray Hutchinson, chief investment officer of CMF.

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