HENDERSON, NV – FARING announced the acquisition of “The Well,” a 396-unit residential complex within the world’s first health-integrated master plot community, in Henderson, NV.
“With the acquisition of ‘The Well,’ FARING joins one of Las Vegas’ most desirable submarkets, with a very well-located multifamily community,” said Jason Illoulian, CEO of FARING.
Bought for $83,500,000 and situated on 20 acres, Illoulian described the go as “a compelling opportunity to capitalize on Clark County’s strong economic growth.”
“We still have a large amount of capital earmarked to buy recently built, stabilized multi-family buildings in Nevada and California,” Illoulian added.
Completed in 2019, the 356,000-square-foot complex features generously sized units with amenities including full-size, in-unit washers and dryers, spacious walk-in closets and private patios/balconies.
Residents at “The Well” are provided access to swimming pools and spas, ramadas with gas BBQ grills, a sand volleyball court, a clubhouse with media lounge and game room plus a 24-hour fitness center.

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ATLANTA, GA – FCP announced the $20.0 million acquisition of Brookview Apartments, a 216-unit apartment community in Douglasville, GA. The acquisition marks FCP’s 19th investment in Atlanta and the firm’s third investment in the Douglasville submarket.
“Brookview fits well within FCP’s growing west Atlanta portfolio which has seen the addition of eight assets since 2019,” said FCP’s Michael Errichetti. Errichetti continued, “The property is proximate to west Atlanta’s large industrial and logistics market, which has seen tremendous growth over the past few years.”
The community is located at 8460 Hospital Drive in Douglasville, minutes from FCP-owned Stewarts Mill and Place at Midway. The community features one, two and three-bedroom family friendly floorplans with community amenities that include a grilling area, dog park, playground, pool and business center. Residents have access to a handful of retail amenities in the immediate neighborhood, including a walkable Kroger across the street.
FCP extends its appreciation to Chris Lyon and the Cushman & Wakefield Southeast Multifamily Advisory Group for their representation.

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GEORGETOWN, TX – Wood Partners, a national leader in multi-family real estate development, announced the groundbreaking of its newest luxury residential community – Alta Austin Avenue – in Georgetown, Texas. Construction is underway, and the community is scheduled to open in Winter 2021.
“We are excited to continue to expand our footprint in the Greater Austin MSA,” said Bart Barrett, Managing Director for Wood Partners. “Georgetown is one of the fastest growing cities in America with booming economic growth. We are excited for the opportunity to meet the needs of the ever expanding population by providing high-quality, reasonably priced housing.”
Alta Austin Avenue will feature best-in-class amenities and finishes. The community’s 312 apartment homes will feature Whirlpool stainless steel appliances, granite countertops, designer tile backsplashes, 42″ cabinets, wood-style flooring, tile in the bathrooms and full-sized washer and dryers. Floor plans will include one-, two- and three-bedroom apartment homes.
Resident amenities will lead the Class A market with a luxurious clubroom, 24/7 fitness center, business center with micro-office spaces and conference room, expansive entertaining spaces, an outdoor kitchen, dog park and resort-style swimming pool. All common areas will also feature Wi-Fi.
Located at 2601 North Austin Avenue, the new community is centrally located along heavily traveled I-35, offering convenient access to surrounding residential communities including Round Rock, Leander, Hutto, and Cedar Park. I-35 also provides quick access to Austin which is only 30 miles south of the community. The community will be located just north of Georgetown High School and is directly across the street from the school district’s stadium.
The North Austin area has increasingly become a preferred location for large corporate tenants and is home to major employers including Dell, Samsung, GM, Emerson, The Home Depot Technology Center and HID. Oracle Corporation and Tesla are two of the latest tech companies to announce their relocation to the Austin area. The Georgetown area also has a robust health system including Baylor Scott & White Health, St. David’s Georgetown Hospital, St. David’s Round Rock Medical Center and Seton Medical Center Williamson County.
Additionally, Georgetown’s first master-plotted industrial business park – NorthPark35 – is in phase one of development and is expected to be completed in spring of 2021. The project is located one mile from Alta Austin Avenue and will include two buildings totaling more than 330,000 square feet, as well as the extension of Aviation Drive. One building will be partially occupied by Georgetown-based Texas Speed and Performance, and the remaining space will be available for future industrial tenants.
Convenient retail options within close proximity include H-E-B, Walmart, Round Rock Premium Outlets and other everyday retailers like Target, Michael’s and The Home Depot. Local restaurant destinations include Monument Café, The Uptown Social and the Hat Creek Burger Company as well as quick-casual options like Panera Bread, Chik-fil-A and Starbucks.

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