CHATTANOOGA, TN – Bluestone Properties is a vertically integrated private real estate company owning and managing stabilized high-quality multifamily assets in high growth secondary markets. Most recently their newest acquisition was the newly built 200-unit property 1400 Chestnut Apartments located in the heart of downtown Chattanooga.
This gorgeous property sits in the center of the city and walking distance to all the action from world-class entertainment and dining to outdoor recreational activities and shopping. With its proximity to I-24 and minutes from I-75, you have simple access to Atlanta, Nashville and Knoxville for additional entertainment options.
1400 Chestnut is a gorgeous four-tale residential community that offers 1 and 2 – bedroom apartments for rent in Chattanooga, Tennessee! From premium materials and finishes like quartz countertops, tiles accents and backsplashes, wood flooring, and white cabinetry to stainless steel appliances. The community boast amenities and conveniences that help you get things done and relax. You’ll find a resort-style pool and lounge area, a large resident center with a complementary wine and coffee bar, grilling and fire pit areas, a state-of-the-art fitness center and yoga room, a fully stocked dog spa for pet owners, and so much more.
Monica Escobedo, Senior Vice President for Bluestone Properties, “This is no doubt an brilliant find for us! Secondary Markets are becoming the new primary market for millennials to empty nesters. Locations like 1400 Chestnut provide a higher quality of life than your traditional primary markets in the Northern States. They offer the lower cost of living, an urban lifestyle, shorter commutes and warmer weather! Our fantastic location reduces commute time for employees from top employers like Erlanger and Memorial Hospital, Volkswagen, TVA, and other downtown businesses.”

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LAS VEGAS, NV – Continental Realty Group, through its subsidiary Continental Realty Assets, a Denver-based multi-family operator, has completed the acquisition of 240-unit Laurel Park Apartments and 168-unit Villa Del Rio Apartments in Las Vegas on behalf of a private client. The combined buy price was in excess of $50 million.
CRA has been an active Las Vegas buyer and seller in 2019, with its May disposition of an 1,194-unit portfolio and March acquisition of the 63-unit Onyx Apartments located near MGM Grand.
“CRA was attracted to each property’s affordability and the opportunity to do a renovation plot similar to those we have had recent success implementing on other properties in Las Vegas,” said Adam Holt, CRA’s acquisitions director. “Las Vegas will continue to be a primary focus for our acquisitions team as we head into 2020 due to the favorable supply and demand fundamentals as well as the relative affordability compared to other major western markets.”
CRA’s business plot for each community entails amenity and common area enhancements, as well as implementation of a unit renovation program.
David Snyder, president of Continental Realty Group, added, “These acquisitions are a perfect representation of CRA’s commitment to identifying and improving workforce properties in our target markets. Our mission is to have a positive impact on residents, which is achieved by providing a quality community at an affordable price.”

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PAWLEYS ISLAND, SC – DF Ventures, a business unit of Drucker + Falk, one of the nation s most prominent multifamily management companies, in partnership with Eastham Capital, a private equity investment company, bought Litchfield Oaks Apartments in scenic and idyllic Pawleys Island, South Carolina for $28.24M in September 2019.
A garden style property built in 1999, Litchfield Oaks features a mix of unit types with open floor plans, a saltwater pool with sundeck and grilling station, clubhouse, fitness center, and dog park. Steps away from the best shopping, dining, and entertainment that the South Strand has to offer and a small drive away from a wide variety of activities. the community is located along the South Carolina coastline near Myrtle Beach, Surfside Beach, and Historic Georgetown.
DF Ventures has an ambitious value-add strategy for Litchfield Oaks, including modernizing the clubhouse, enhancing curb appeal, and updating unit interiors. Drucker + Falk, one of the most respected property management companies in the country and designated as one of the Best Places to Work in Multifamily three years in a row, also plans to institute professional management practices and a more targeted approach to marketing.
The acquisition of Litchfield Oaks represents an opportunity to buy a quality asset within a high barrier-to-entry market. Drucker + Falk will focus on increasing the income stream and the value of the property through strategic capital improvements and quality management, said Eric Skow, acquisitions manager at DF Ventures.

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