DALLAS, TX – Sherman Residential announced its acquisition of Axis Kessler Park Apartments, a 2017-constructed Class A+ multifamily community located in West Dallas, Texas.
Formerly Lincoln Kessler Park, the property is located on the west side of Dallas, one of the nation s leading centers for employment. Dallas Fort-Worth consistently ranks high among metropolitan areas for job creation and holds an unemployment rate much lower than the national average.
With Kessler Park just ten minutes from the city s central business and medical districts, residents have access to top employers, including the Federal Reserve Bank of Dallas, AT&T, Deloitte, and Morgan Stanley. Furthermore, the Oak Cliff/West Dallas neighborhood presents a vibrant mix of new dining and retail, culture, and connection to the city s urban core.
The low-density property boasts 299 larger than average units and unique benefits in the Kessler Park market, including: National Green Building Standard Silver certification; Direct-access apartment homes offering one to three bedrooms; Privacy conveniences such as individual garages or assigned carports, controlled-access gates, personal patios/balconies and yards, and complimentary virtual fitness memberships; Comprehensive community amenities, such as a 24-hour state-of-the-art fitness center, putting green, on-site retail, clubhouse with business center, resort-style pool, and fenced-in pet park; and Views of the downtown Dallas skyline and the Stevens Park Golf Course.
On January 5, 2021, Sherman Residential bought and assumed management of the property. Scott Gould, Sherman s Senior Vice President, states:
The acquisition of the Lincoln Kessler Park Apartments continues our firm s long-term commitment to investing in the Dallas-Fort Worth metropolitan area.

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ATLANTA, GA – South Florida Real Estate Firm PointOne Holdings has partnered with Atlanta s Brand Properties to develop a class A multifamily residential community in Lawrenceville, a high-growth suburb of Metro Atlanta.
Plainview Sugarloaf will be a 312-unit, 4 and 5-tale luxury residential community featuring 5 residential buildings plus a clubhouse, built on approximately 14.4 acres. The community will benefit from a traffic count in excess of 35,000 vehicles per day and will be conveniently located within 1 mile of Interstate 85 and over 200,000 jobs in the Gwinnett county I-85 corridor. The property is adjacent to the Sugarloaf Mills Mall and next to high-end homes with access to some of the strongest schools in the city of Atlanta.
The community will include a resort-style saltwater pool with an expansive pool deck featuring pergolas and grilling areas, a fully-equipped fitness facility, a large co-working/business center including a cybercafé, and dog park with dog wash facility. Apartment homes will feature 9 ft ceilings, granite countertops, stainless steel appliances, ceiling fans and walk-in closets.
The joint venture recently closed the acquisition and financing for the project and construction will soon be underway, with first units delivering in Q2 2022.
We are pleased to announce our second JV partnership with Brand Properties to develop Plainview Sugarloaf in the thriving Gwinnett County submarket, said Leo Peicher, PointOne Holdings managing partner. With all of the momentum in Atlanta, and around this submarket, we are very confident that this will be another fantastic investment to our family of investors.
We are excited to be breaking ground on our latest development, Plainview Sugarloaf Apartments, said David Lewin, PointOne Holdings managing partner. We believe that our proactive and thoughtful approach to this project will help us overcome all near-term challenges and allow us to deliver a premier property in a solid market at a time in which there will be a limited supply of similar housing options.
Plainview Sugarloaf continues our strategy of well-located suburban multifamily development to meet the growing need for housing within Gwinnett county, said Woody Rupp, Brand Properties Senior Vice President of Investments. We are excited to again partner with PointOne Holdings to deliver another high-quality project for the community.
Gwinnett County is presently the second largest county in the state of Georgia with an estimated population of 920,260 according to the most recent United States census data. It has led the nine-county Atlanta MSA over the past 46 years in population growth.

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ATLANTA, GA – JLL Income Property Trust, an institutionally managed daily NAV REIT, announced the acquisition of Siena Suwanee Town Center, a 240-unit, luxury apartment community in the affluent north-Atlanta suburb of Suwanee, Georgia. The buy price was approximately $70 million.
Suburban Atlanta is a recommended portfolio “overweight” and is ranked within the top quartile of LaSalle’s Research & Strategy Group’s proprietary market tracking database. Atlanta-area apartment investments have outperformed overall U.S. apartments within the NCREIF institutional index over 1, 3, 5 and 10-year periods. Sienna Suwanee Town Center is complemented by JLL Income Property Trust’s 2017 acquisition of The Reserve at John’s Creek Walk, a 210-unit Class A apartment community located in Johns Creek, less than 10 miles away. This northeast Atlanta submarket ranks favorably due to above market population and job growth, ranking 12th out of 150 U.S. cities in forecasted employment growth over the next four years.
Constructed in 2018, Sienna Suwanee Town Center features luxury unit finishes and provides residents with a robust community amenity package including a salt-water resort style pool and 24-hour multipurpose fitness center. The community also has desirable live/work/play features and is walking distance to numerous retail stores and restaurants, in addition to local community parks.
“This addition to our growing apartment portfolio fits extremely well with our suburban strategy to invest in amenity-rich, newer communities located in highly-rated school districts with high barriers to entry for new competition,” noted Allan Swaringen, JLL Income Property Trust President and CEO. “This investment brings our aggregate apartment allocation to over $1 billion, with 3,842 apartment units across 16 communities representing 33 percent of our $3.3 billion, 82-property portfolio. Our unique UPREIT structure along with our diversified portfolio and daily valuation were attractive to the sellers who chose to contribute this property in exchange for interests in our fund rather than selling for cash. This provided the owners of Sienna Suwannee a tax efficient sale with the benefit of long-term estate plotting while allowing our fund to make a strategic acquisition with no cash outlay.”

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