FORT LAUDERDALE, FL – Common, the nation’s leading residential brand that designs, leases and operates community-oriented multifamily properties, announced a 575-unit portfolio expansion in partnership with Nuveen Real Estate, one of the largest investment managers globally. Common will take over as operator for two of Nuveen’s largest Class A US multifamily assets: The Edge and Stella. Starting today, Common will be bringing its years of renter-first property management experience and innovative technology practices to over 331 units of The Edge in Fort Lauderdale’s Flagler Village. In July, the brand will assume management of the 244-unit Stella building in Los Angeles.
Founded in 2015 in Brooklyn, Common has grown to manage a diverse portfolio of 48 multifamily buildings in eight American cities across, quickly becoming the largest community-driven operator in the US. With a development pipeline of 15,000 signed beds, Common is known for its ability to achieve high occupancy rates and low delinquency rates by putting technology first in the leasing and management experience. At its core, it’s mission is to keep rental housing attainable and stress-free in the world’s largest cities through all mixed multifamily typologies: coliving, microstudio, and traditional units.
“We are thrilled to welcome over 600 new members to the Common family and partner with a trusted institutional real estate expert like Nuveen,” said Common founder and CEO Brad Hargreaves. “Now more than ever, the spaces where we live are an outsized part of our daily life. Being pleased in the place you call home is no longer a luxury, it’s an essential part of our day-to-day. I look forward to working with Nuveen to bring community and convenience to Fort Lauderdale’s Flagler Village with The Edge by Common and continue building our robust LA community with Stella by Common.”
Constantly searching for ways to improve the experience of the residents in their portfolio, the Nuveen Real Estate platform saw first-hand how Common eliminated everyday stressors through digital rent payments, virtual tours, eliminating upfront security deposits, reliable property manager communications, and more.
“Leading cities in tomorrow’s world need innovation to meet the needs of middle income renters in terms of affordability, convenience and community,” said Austin Mitchell, Nuveen’s Head of Global Strategy. “With Common, we see innovation that is backed by data and a focus on housing as a consumer product. We reckon that is a fantastic foundation to make an experience that better meets consumer needs, and ultimately the needs of our investors.”
After first coming together, Nuveen noticed a different approach to apartment operations. Through density, data analysis and technology, Common can enhance Nuveen’s operations at the properties managed by Common. “We are excited to bring Common as a new operator on these two assets. We are looking forward to executing a tech-driven, affordable-leading strategy for leasing, management and experiences in our apartment portfolio,” said Carlos Burneo, Nuveen’s Housing Lead for co-living and flex rental strategies.

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HOUSTON, TX – One Park Place is a downtown Houston apartment with first-class service and five-star amenities. The 24/7 concierge and valet services are top-notch at these downtown Houston apartments, but it s the address and central location that gives these high-rises added value that residents like.
Having just celebrated their 10th anniversary, the prime location of the Houston high rise is one of the top selling points and continues to be the largest mention among leases and prospective leases. One Park Place, known as OPP to beloved residents and locals, has continued to see immense growth and loyalty from residents over the past 10 years, thanks in part to their unparalleled service and their ideal Houston location.
The prominent downtown Houston apartments were developed, built, and managed by Houston real estate icon Marvy Finger of the Finger Companies. Mr. Finger has been profiled a number of times in the Houston Chronicle in regards to his business acumen, and most notably being able to secure and build upon some of the most coveted spots of buildable land in all of Houston.
Understanding that location is the key to successful multi-family real estate and drawing the attention of prospective residents, Finger builds his communities on the thought of Main and Main, which continues to prove as the highest selling point for apartment renters.
The downtown Houston apartments, which include some of the city s most grand penthouses, have the 12-acre Discovery Green as their front yard. With all the programing, outdoor activities, artwork, and more that goes into Houston s prominent Discovery Green Park, that s a huge advantage of living at One Park Place and its central location.
Residents don t have to look or walk far to get groceries either, having the award-winning Phoenicia Gourmet Grocery Store on-site, with a private entrance solely for One Park Place residents. There are also multiple on-site bars and restaurants, making dining out or having food delivered directly to your door simpler than ever.
Location is especially key in a city like Houston, which ranks as the 9th worst traffic congestion in the U.S., according to the 2019 Urban Mobility Report. Convenient access to on-site grocery stores, some of downtown Houston s best restaurants and entertainment, as well as access to nearby highways is a top criterion for Houstonians when searching for apartments and homes. This is just one reason Marvy Finger and his apartment communities are always at the top of many apartment hunters wish list, because in all major cities, location is king.
It s clear the residents like the location of these downtown Houston apartments, which boasts above average retention rates. In fact, many original residents still call the high rise home, and many have attributed their loyalty and lease renewals to its premier Houston location. In fact, over the span of a decade, the downtown Houston apartment community has had more than 55 residents leave for one reason or another – usually related to a new job – and all return back to One Park Place for two main reasons: service and location.

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MARIETTA, GA – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has bought 880 Lakeside Apartments, a 222-unit apartment community located in the heart of Marietta, Georgia. The community will be renamed The Bentley at Marietta and will undergo a $2.4 million capital improvements project.
With this acquisition, American Landmark now owns and operates eight multifamily communities in Georgia with a total of 2,500 units.
“Marietta benefits from close proximity to Atlanta, and has seen strong job and population growth over the past several years in part due to the large number of Fortune 500 company headquarters and aerospace/manufacturing businesses in the county, said Christine DeFilippis, chief investment officer at American Landmark. “We re excited to plant a flag in the thriving community of Marietta and add this property to our growing multifamily portfolio in the Southeast.”
According to RentCafé, the average rent for an apartment in Marietta is $1,235, a 6 percent increase over last year rates – and well above the national average.
American Landmark plans to upgrade a variety of features throughout the property in a comprehensive value-add program. Unit upgrades include granite countertops, new cabinets, backsplash, stainless steel appliances, nickel-brushed plumbing fixtures, luxury lighting fixtures, USB outlets and electronic locks. For the site, improvements include a grilling table, dog park and renovated fitness center/clubhouse, swimming pool and landscaping.
Built in 1985, 880 Lakeside Apartments is located at 880 South Cobb Drive. One- and two-bedroom units include open floor plans, fully-equipped kitchen, expansive walk-in closets and full size washer and dryer. Community amenities include a resort-style swimming pool, outdoor grilling area, expansive sundeck, fitness center and access to private lake.

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