HOLLY SPRINGS, GA – Bluestone Properties is a vertically integrated private real-estate company that owns and manages stabilized high-quality multifamily assets in high growth secondary markets. The firm’s newest acquisition just out of lease up is the 2019, built 282-unit property named The Darby located in Holly Springs.
This Darby is strategically located in Atlanta’s fastest growing suburban market, Cherokee County. The property’s location off the I-75 North corridor offers residents a variety of lifestyle amenities such as kayaking or hiking at Lake Allatoona Waterfalls. In addition, this location offers convenient access to major job hubs, as well as numerous shopping and dining options.
The Darby is an upscale garden style community with thoughtful interiors and urban amenities. The apartment homes feature stainless steel appliances, granite countertops and tiled backsplash. The property boasts a comprehensive amenities package that includes resort style pool with a sundeck, a pet park, outdoor grilling stations and a trellised fire pit lounging area for residents to delight in.
Senior Vice President for Bluestone Properties, Monica Escobedo, clarifies, “The addition of The Darby to our portfolio is a huge win for us, The Darby has unique positioning in the market that appeals to a wide audience, as it offers best in class outdoor activities for an active lifestyle, shopping and entertainment and all of it is right in the heart of a natural setting, The Darby has a small something for everyone and we are very proud to welcome this community and the residents into our portfolio.”

Powered by WPeMatico

LAS VEGAS, NV – Wood Partners, a national leader in multi-family real estate development, announced the groundbreaking of its newest luxury residential community – Alta Southern Highlands – in Las Vegas, Nevada. Construction is underway and the community is scheduled to open in fall of 2021.
Located 10 minutes south of the Las Vegas Strip, the new community will offer simple access to I-15 and a wide variety of employment opportunities, entertainment options and recreational activities. The area is home to more than 97,000 jobs, and the newly announced Amazon and Google hubs are in development. Other major employers in the area include Levi’s, Humana, Prologis, CenturyLink and Universal Health Services. Additionally, McCarran International Airport is less than a 15-minute drive away.
The new headquarters and practice facility for the recently relocated Las Vegas Raiders is just across Interstate 15, and the site is only a few miles from the team’s Allegiant Stadium, giving residents a new home team in their own backyard. Additionally, according to Golf Digest, the nearby Southern Highlands Golf Course is the #3 ranked golf course in the state of Nevada.
“Wood Partners is enthusiastic about the amenities, features and lifestyle the Alta Southern Highlands community will offer,” said Kevin Curley, Development Associate for Wood Partners. “The Southern Highlands community was voted 2018’s Best Master Plotted Community by Best of Las Vegas for the second year in a row, making it an ideal location for young professionals and families alike.”
Once complete, Alta Southern Highlands will include 228 units comprised of one-, two- and three-bedroom apartments. In-unit features will include premium kitchen finishes and technology packages.
The resort-style community will also offer highly amenitized living with an over-sized fitness center, an expansive pool area and a double-height clubhouse area, giving residents the ability to delight in life both inside and outside their apartment homes.

Powered by WPeMatico

BIRMINGHAM, AL – Carter Multifamily announced its acquisition of the 240-unit Summerchase at Riverchase for approximately $26.67 million.
Built in 1988, the Hoover, AL apartment community includes 16 two-tale, wood frame buildings situated on 24.73 acres in a natural wooded park-like setting. The unit mix includes one- and two-bedroom units.
Community amenities include a clubhouse, resort style pool and spa with sundeck, outdoor grilling areas, fitness center, tennis courts, two pet parks, and on-site laundry facilities. Residents delight in direct access to Birmingham and major employers via I-65 as well as 5.5 million square feet of nearby Class A retail.
“The attractive fundamentals and location of this off-market deal paired with our strategic deployment of a value-add strategy aims to deliver risk-managed and accretive returns. We are excited about the performance potential of this market which has fared well during the pandemic and the improvements we have plotted to enhance the resident experience at this community,” said Ray Hutchinson, chief investment officer of Carter Multifamily.
Carter Multifamily intends to do a substantive value-add strategy by enhancing the amenity package, completing interior and exterior upgrades, and by implementing property management best practices.

Powered by WPeMatico