HOUSTON, TX – LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, announced the start of preleasing at Taylor Heights, a contemporary apartment community located just northwest of Downtown Houston.
The midrise, four-tale community, which features 363 apartment homes, designer finishes and top-of-market amenities, is situated along Taylor Street just south of Interstate 10 in the greater Houston Heights area. The art-infused neighborhood is considered Houston’s culinary hub and boasts a prime location that provides simple connectivity to many key locales across the city. First go-ins are anticipated for this fall at Taylor Heights, which is offering virtual leasing options.
“Houston Heights is one of the most charismatic areas in the city, and we look forward to joining the neighborhood,” said Ben Breunig, division president of Texas for LMC. “Whether residents want to be near their job or favorite restaurants—or a combination of both—they will be surrounded by opportunities. We look forward to welcoming our first residents and offering a best-in-class living experience in the area.”
Situated at 2000 Taylor Street, Taylor Heights offers commuter-friendly access to the key employment centers in Downtown, the Energy Corridor and The Galleria area. Residents are within a small walk of eclectic Sawyer Yards, the city’s finest creative district, and also within close proximity of the various dining and entertainment options along Washington Avenue.
Taylor Heights offers studio, one- and two-bedroom homes ranging from 595 to 1,425 square feet. Apartment interiors are equipped with Lyric thermostats, quartz countertops, stainless steel appliances, tile backsplashes, under-cabinet lighting, kitchen pendant lighting, soft-close doors and drawers, designer wood-style flooring, walk-in closets and large vanity mirrors. Residents also have access to digital package lockers, EV-charging stations and an air-conditioned bike storage and repair room.
Community amenities include a resort-style pool with sundeck, private cabanas, fireplaces, grills, outdoor kitchen, hammocks, outdoor games and lounge seating, water features, dog park, social lounge with catering kitchen, fenced private yards and immediate access to Heights Hike and Bike Trail, which connects from Taylor Heights’ front door to Downtown. An onsite fitness center includes flex space, free weights, TRX suspension training and top-of-the-line cardio equipment. Additionally, residents can delight in a covered patio known as “The Porch,” which features an outdoor lounge area and entertainment bar.
Taylor Heights marks LMC’s third development either currently leasing or under development in the Houston area. The Maddox in nearby Katy started leasing in 2019 and Bowen River Oaks, under development in the Galleria area, is projected to start leasing in 2022.

Powered by WPeMatico

ATLANTA, GA – Providence Real Estate, a multifamily owner-operator, announced the completion of the acquisition of The Stratford Apartment Homes located in the Perimeter Center submarket of Atlanta, Georgia. The property was bought by the Providence Multifamily REIT, Inc., a Providence-managed private REIT that invests in value-add multifamily opportunities throughout the Southeastern United States.
The Stratford was built in 1990 and consists of four residential midrise apartment buildings and a one-tale clubhouse and leasing center. The property is located less than one mile from the largest medical center in Georgia that is home to Northside Hospital Atlanta, Emory St. Joseph’s Hospital and Children’s Healthcare of Atlanta. In addition, the property is located less than one mile from the Perimeter Center s 30 million square foot office market that is home to numerous Fortune 500 companies and the world headquarters of United Parcel Service (UPS), AT&T Mobility, Cox Enterprises, Haverty Furniture and Newell Brands (Rubbermaid). The Stratford is anticipated to undergo extensive exterior and interior renovations.
Providence s CEO Alan Pollack stated, The Stratford s location in the Perimeter Center offers renters unparalleled access to medical, office and shopping, and is a market where Providence has extensive operating experience. Providence s Executive Vice President Kevin Finkel added, The acquisition of the Stratford offered a rare off-market opportunity to own an attractive multifamily property with proven value-add renovation upside potential in the highly sought-after Perimeter Center submarket of Atlanta.

Powered by WPeMatico

CHICAGO, IL – CA Ventures, the global vertically integrated real estate investment management company, announced that QuadReal Property Group (“QuadReal”) has bought a 50% interest in its U.S. student living platform. The transaction formalizes the conversion of QuadReal’s existing student, entity-level investments with CA, to an ownership stake in the company. QuadReal’s commitment with CA Is $1.6 billion including other CA investment vehicles strategically designed to support the continued growth of the firm’s student housing portfolio.
“This is a celebrated milestone for our student living business and the beginning of the exciting next chapter in our longstanding relationship with QuadReal,” said Tom Scott, chief executive officer at CA. “QuadReal has been a valued and trusted partner to CA since 2017 and has played an integral role in the strategic growth and transformation of our student living business. We are all incredibly proud of what we have accomplished to date and enthusiastic about the future opportunities we see for the business and the industry as a whole.”
The U.S. student housing industry, known in the real estate investment world for its recession-resilient qualities, has experienced incredible growth and maturation over the past decade. CA, a pioneer in the sector, has made a scalable, best-in-class development and operational model that has remained on a growth trajectory since its inception in 2004. During that time, CA has delivered more than 60 student housing communities totaling more than 35,000 beds in college communities across the country. Over the past few years, QuadReal has invested alongside CA to deliver 11,432 beds in 23 top-tier university markets.
“Student housing is an area of investment conviction for us based upon our research and our experience in the U.S. working with a dedicated team like CA,” commented Jonathan Dubois-Phillips, QuadReal’s president of international real estate. “Even as this year is delivering unexpected dynamics to the landscape of higher education, students studying in the U.S. need safe and comfortable homes away from home, close to campus and their social and academic networks. CA has long understood the needs and expectations of students and their families. What CA offers is as relevant today as ever. We are pleased to be working together even more closely now with our investment in the operating company.”
This year, CA delivered nine student housing communities with nearly 4,000 beds, all of which were completed in time for the 2020-21 academic year despite the challenges posed by the pandemic. These assets feature signature CA design trademarks such as expansive indoor and outdoor amenity space, state-of-the-art integrated technology and high-end fixtures and finishes within each unit. CA’s thoughtful design approach and in-house operational platform, complete with health and wellness services, has positioned the firm well to navigate the COVID-19 impacts on the student housing market over the past eight months. Since the start of the fall semester, CA has seen a measurable increase in year-over-year leasing activity as a result of the rapidly changing situation on university campuses.
“Today more than ever, we are seeing a flight to quality as investors and lenders look to partner with experienced operators that have made significant investments in the systems, technology and programming that really enhance the residential experience,” said Nishant Bakaya, chief investment officer at CA. “The resilience of demand in this space has been particularly evident during the pandemic. Our core, same-store portfolio has already pre-leased to 95% for the 2020-21 academic year and we are projecting positive leasing momentum through year end. We feel strongly that post-COVID student living will emerge as one of the best-peforming real estate asset classes and we are thrilled to have QuadReal as our partner as we capitalize on these opportunities and build upon our highly successful track record.”
CA and QuadReal will continue to focus on development and acquisition investment opportunities for student housing communities pedestrian to large, research-oriented university systems that offer best-in-class undergraduate and graduate programs.

Powered by WPeMatico