McShane Construction Completes 280-Unit Parc at Pooler Luxury Apartment Community in Savannah, Georgia Submarket

POOLER, GA – McShane Construction Company completed the construction of a new luxury apartment community, known as Parc at Pooler, on behalf of Equity Resources, LLC. Located on 21 acres at 2200 Ancient Quacco Road in Pooler, Georgia, the development features 280 units.
With nearly 19,000 square feet of amenity space, Parc at Pooler provides residents with a right resort-style living experience, commented Scott Hoppa, Senior Vice President at McShane. This, combined with its prime location near Savannah and luxury finishes, should make the community a fantastic success for our client.
Designed by Atlanta, Georgia-based Dynamik Design, the apartment community incorporates seven three-tale residential buildings, all of which offer elevator access. Residents are able to choose from 105 one-bedroom units, 127 two- bedroom units, 26 three-bedroom units and 22 studio units.
Units boast a number of high-end features such as granite counter tops, undermount sinks, custom routed wood cabinetry with brushed nickel hardware, stainless steel appliances and upscale wood end flooring. Each apartment home also contains a sunroom or balcony.
Additionally, the development offers nearly 6,800 square feet of interior amenity space, including a Class A clubhouse that features an athletic club with a cardio theatre, resistance and free weights, a gourmet coffee and hot tea bar, a resident retreat with media and gaming and a cyber-business café.
The 12,000-square-foot outdoor amenity area includes a resort-style swimming pool with an expansive Wi-Fi sundeck and soothing fountains, a California kitchen area, a car care center and a well-appointed dog park, complete with agility equipment and a dog wash.
McShane also provided all site work for the assignment, including eight stand-alone garages, landscape, hardscape and parking lots.
Named National Multi-Family Builder of the Year by the National Association of Home Builders, McShane has constructed more than 20,000 units across the country.

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ConcordRENTS Announces the Ground Breaking of $28.7 Million Affordable Housing Community in Lady Lake, Florida

LADY LAKE, FL – ConcordRENTS announced the ground breaking of Lake Sumter Apartment Homes, a $28.7 million affordable housing community, consisting of 158 apartment homes serving those making 40% – 80% of the area median income. Located minutes from the Lake Sumter Landing in The Villages, Lake Sumter Apartment Homes is the newest affordable community in 16 years in Sumter County.
Lake Sumter Apartment Homes is dedicated to provide safe and quality housing for the expanding needs of families in Sumter County. The community will appeal to the most discerning preferences including traditional 3-Tale Garden style building designs as well as unique Carriage Homes over Garages. Each home will be fully equipped with granite countertops and CleanSteel energy efficient appliances, along with other modern finishes. By offering more 3 and 4 bedroom homes than most other apartments communities, it provides opportunity for larger families and those wanting additional space for a guest room or home office. The residents will also be able to take advantage of community amenities with a business center, heart healthy cardio and fitness studio, walking path along community pond and a dog park.
The Villages is one of the largest age-restricted active adult communities in the country, expanding over 3 counties and 20,000 acres, and filled with over 100 miles of golf cart legal streets and trails. This 55+ community features three town squares, 60 recreational centers, as well as 12 championship golf courses, including the well-known Palmer Legends and Lake Sumter Apartment Homes is located just minutes from the epicenter.
Funding for Lake Sumter Apartment Homes comes from $14.3 million in Tax-Exempt Bonds, issued by the Housing Finance Authority of Volusia County, $10.85 million in equity from the sale of Federal Housing Tax Credits allocated through Florida Housing Finance Corporation, and other sources provided through by the Developer, Atlantic Housing Partners, L.L.L.P.
ConcordRENTS is a national leader in high quality, customer-focused property management of affordable multifamily rental housing. ConcordRENTS oversees over 100 properties in Florida.

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National Multifamily Firm Expands Footprint with Management Assignment of Two Apartment Communities in Atlanta Market

ATLANTA, GA – DF Multifamily, a division of Drucker + Falk (DF), one of the nation s most prominent multifamily management companies, recently assumed management of two multifamily properties in Atlanta, Georgia.
Early into the year, Investors Management Group Inc (IMG), a private real estate firm specializing in multifamily real estate syndication, Tenancy in Common acquisitions, 1031 exchanges, and asset management, awarded DF Multifamily management of two multifamily properties consisting of 439 apartment homes. The relationship between IMG and DF started in December 2017 with IMG awarding DF management of Sommerset Place Apartments in Raleigh, NC. The firms relationship has since expanded with additional properties in Raleigh and now Atlanta.
The recently assumed Amberlake Village Apartments consists of 264 apartment homes, while The Eclipse Apartments includes 175 homes. Both apartment communities are located in Duluth, GA in Gwinnett County, about 30 minutes Northeast of Atlanta and one of the fastest growing counties in the US. Amberlake Village offers apartments and townhomes, a pool, fitness center, biking and walking trails and is currently undergoing a $2.7M plotted capital improvement project.
The Eclipse Apartments boasts a saltwater pool, outdoor grilling pavilion, fire pit lounge, modern cafe, and fully equipped fitness center, having recently undergone a $1.4M capital improvement project that was completed in 2019. Both properties are surrounded by award-winning schools and are just minutes from cultural amenities and hot spots, including Infinite Energy Center, Mall of Georgia, and TPC Sugarloaf, one of the most coveted private golf courses on the East Coast and a PGA Tour-affiliate.
The addition of Amberlake Village and The Eclipse Apartments brings Drucker + Falk s management portfolio to 66 apartment homes in the Southeast Region and the company s overall portfolio to nearly 40,000 apartment homes across thirteen states. Lisa Narducci Price, the Southeast s Director of Multifamily Management at Drucker + Falk, said, We are excited to expand Drucker + Falk s growing portfolio in the South, and are truly honored to continue our successful partnership with IMG in the Atlanta market. We look forward to working with owners and property managers and focusing on achieving our client s objectives.

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