TYSONS CORNER, VA – South Florida real estate firm PointOne Holdings has partnered with the NRP Group to develop a 390-unit luxury Class-A multifamily community in the growing Metro Washington DC submarket of Tysons Corner, Virginia.
Highland District will be a 5-tale midrise community featuring a spacious resident clubroom with gaming rooms, working areas and a doorman, infinity edge pool, yoga lawns and other outdoor activity areas, outdoor grilling areas, package concierge service warehouse-style fitness center with separate spin and cardio studios. Unit interiors will feature high-end, condo-quality finishes.
Tysons Corner is one of the fastest growing Live + Work + Play markets in the country. The area is experiencing an economic boom fueled by employment growth, significant development as well as the recently opened Silver Line DC Metro extension.
Highland District will delight in brilliant walkability to over 20,000 jobs at the Capital One Headquarters, Northrop-Grumman and MITRE. Additionally, Amazon HQ2, Facebook, Microsoft, KPMG, and Google have also recently leased office space in Northern Virginia. Residents will be able to easily walk to the Washington DC Silver Line Metro Station and to over 2.1 million square feet of luxury amenities including The Tysons Galleria, Tysons Corner Center, restaurants, a new amphitheater and an 80,000 square foot urban Wegmans supermarket.
We are honored to partner once again with NRP on this unique residential development project, said Leo Peicher, PointOne Holdings managing partner. We are also enormously thankful to our investors, who know this tremendous opportunity and who, notwithstanding the existing challenges, have supported our choice to go forward with this project, knowing that when it is delivered, it will be exceptionally well-positioned.
We are excited to be breaking ground on our latest development, Highland District Apartments in Tysons Corner, Virginia, said Ben Colonomos, 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.
We are thrilled to start construction on a second development with PointOne as our capital partner, says George Currall, Principal and Managing Director of Capital Markets for the developer, contractor and management company – The NRP Group. Between Austin and Washington, DC, they have selected two of the strongest markets in the nation, and specific sites within these markets that have a fantastic deal of potential upside. PointOne devotes a lot of attention to due diligence and is quite adept at recognizing low-basis, infill projects in strong metros where the inputs to value creation are highly favorable. PointOne is a Class A organization of consummate professionals and we hope to build many more phenomenal assets with them in the future.

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NEW ORLEANS, LA – 365 Connect, a leading provider of award-winning digital marketing, leasing, and resident service platforms for the multifamily housing industry, announced today the launch of Digi.Lease, an AI-powered leasing assistant designed to grab leads, schedule tours, and livestream video between property managers and prospective renters. This industry-first streaming tour platform demonstrates 365 Connect s dedication in implementing solutions specifically tailored to the rental housing market.
As COVID-19 continues to limit social interactions, consumers have actively changed the ways they engage with businesses, replacing face-to-face communication with technology. Digi.Lease was made as a focus-forward platform, built to answer prospect questions, handle the complexities of scheduling tours, and connect leasing agents to renters. Unlike virtual tours, livestream tours are scheduled in advance and broadcasted in real-time, so prospective residents can interact with a leasing agent, question questions, and request to see specific community and apartment home features up close.
As the need for social distancing escalates, leasing teams are being challenged more than ever before to keep vacant units occupied, clarified Kerry W. Kirby, CEO of 365 Connect. Many technologies are being utilized in an attempt to show prospective residents their next home, but there are multiple complexities that exist within well loved digital screen share platforms, and the show of a generic video is proving to be insufficient in replacing unit tours. Whether a prospect lives across town or across the world, they now have the ability to view the actual unit they are interested in leasing, from anywhere and on any device.
Rethinking how the multifamily sector should interact and transact with prospective renters, Digi.Lease is an interactive platform that allows prospects to obtain answers to their questions in real-time. It is the only conversational leasing agent on the market, designed to book and broadcast livestream tours. Built with an artificial intelligence backbone, Digi.Lease becomes smarter the longer it runs, gathering valuable data from human use.
Kirby concluded, The world has changed many times in its long, complex history, and it is changing yet again. As in-person tours are at a standstill, occupancy levels are being significantly impacted. Since multifamily owners and operators have always focused on personal touch points, they are now faced with the ultimate obstacle: navigating the market through six-feet of separation. The time for a solution is now, and we are excited to deliver our latest innovation to the market.
365 Connect has a dedicated team to promptly and remotely provide consultations, demonstrations, implementations, training, and customer support for all its marketing, leasing, and resident services solutions. Learn more at Digi.Lease

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LYNNWOOD, WA – Canyon Partners Real Estate and American Capital Group announce their joint venture in the development of Kinect @ Lynnwood, a 239-unit apartment project in the Seattle ;suburb of Lynnwood. Canyon invested $25.0 million of equity into this project, which is located in a qualified opportunity zone. The joint venture also simultaneously closed on a $45.5 million construction loan from U.S. Bank. Construction is slated to start in June 2020 and achieve completion in the summer of 2022.
Kinect @ Lynnwood’s location offers accessibility to major employment and activity centers, including downtown Seattle, Bellevue, Redmond and Everett. It is strategically located less than 1,000 feet from the future Lynnwood City Center light rail station, which is expected to open in 2024 as part of Sound Transit’s Lynnwood Link Extension project. Once completed, the transit system will provide residents with direct service to the University of Washington, downtown Seattle and Sea-Tac Airport. The property is also proximate to Alderwood Mall as well as several retail and grocery options. Once completed, Kinect @ Lynnwood will offer a mix of studio, one-bedroom, and two-bedroom units, with ample parking and numerous community areas with tenant amenities.
“Kinect @ Lynnwood will offer new housing supply at affordable price points to the community, which we believe is critical as downtown Seattle’s affordability challenges continue to increase,” said B.J. Kuula, Managing Partner, ACG. “We anticipate this project’s transit-oriented location will be an attractive option for renters seeking newly-built housing with convenient access to employment centers and retail options.”
The Seattle Metropolitan Area is one of the fastest growing metros in terms of population and job growth, driving strong multifamily market dynamics in nearby communities like Lynnwood.
This investment marks Canyon’s fourth joint venture equity investment into opportunity zones.
Over the last five years, Canyon has invested nearly $850 million in debt and equity in multifamily investments nationwide, supporting the financing of approximately $3 billion of project capitalization.

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