CHAMPAIGN, IL – Octave, a brand-new, fully furnished apartment community designed for students attending The University of Illinois Urbana-Champaign (UIUC), recently completed on-time construction and opened its doors to its first residents. The community is comprised of 2 buildings and features 538 beds of one-, two-, three- and four-bedroom student apartments.

All fully-furnished units at Octave include private bathrooms for each bedroom, fully-equipped kitchens with stainless steel appliances, in-unit washer/dryers, simulated wood flooring, and 50” flat-screen TVs. 

Residents delight in a best-in-class amenity package including a heated pool with outdoor kitchen, fitness center, business center, game room, clubhouse/lounge, game room/pool tables, fire pit, individual and group study rooms, and coffee bar. Covered parking is available for residents and bike storage is provided. Pets are welcome.

Octave opened to positive reviews from residents. “Bright rooms, fantastic amenities, comfortable furniture, luxurious living,” noted Damian. “Not much more I could question for in a college apartment. Fantastic location, especially for engineering students.” Sean said “Absolutely incredible so far! Staff was fantastic and very helpful with moving in. Also, I like all the incredible spaces for hanging out and getting work done. I’m so glad I chose this apartment building to live in!”

“We’re proud of the on-time delivery of Octave, and are pleased to hear that our first residents experienced a smooth go-in process and are settling into their new home,” noted Russell Broderick, senior vice president for Gilbane Development Company. “With an ideal location just 2 blocks from campus, amenities designed specifically for UIUC students, and a wonderful property management staff to help new residents, we look forward to watching the sense of community continue to build and grow.”

Octave is professionally managed by Asset Living, with a robust community life program, roommate matching services, and individual, by-the-bed leases.

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TAMPA, FL – Providence Real Estate, a multifamily owner-operator, announced the completion of the acquisition of the Enclave on East apartments in Largo, Florida, located within the Tampa metropolitan area. The property was bought in a joint venture with a multinational life insurance, pensions and asset management company headquartered in Europe.

Enclave on East is a 196-unit suburban garden-style townhome apartment community built in 1986. The property is comprised of 16 buildings, including a clubhouse, located on 14.2 acres.

Enclave on East offers residents a serene lakefront environment as well as immediate accessibility to East Bay Drive, which also gives the property brilliant visibility to over 60,000 passing motorists per day. Its strategic location in Largo / Pinellas County provide residents quick commutes to major employment centers such as the Carillon Office Park (15,000 jobs), the Gateway Business District (60,000 jobs) and the Largo Medical Center (2,200 jobs).

Enclave on East has recently undergone a significant exterior and common areas renovation; but, the interior units are generally untouched and dated, making them ripe for renovation. Therefore, Providence plans to implement a significant interior upgrade program which is expected to replace countertops, cabinet doors, flooring, lighting, hardware and appliances.

“Providence’s acquisition of Enclave on East again demonstrates our ability to identify strategically located properties that will benefit from renovations to allow our assets to provide much needed market-rate apartment rentals to the workforce renter in America’s fastest growing cities. When Enclave on East’s renovations are complete, its residents can be expected to delight in a high-quality residence at rents that are within the means for hard-working families earning the median household income in the U.S.,” said Alan Pollack, Providence’s Chairman.

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BRYAN, TX – West Shore, a fully integrated, multifamily real estate investment firm, announced the acquisition of Broadstone Traditions, a 261-unit residential community located in Bryan, Texas.  The acquisition marks the 24th acquisition by the Boston-based firm which, in its three year history, has already built an impressive portfolio of 6,669 units in 23 communities, and assets under management of more than $1 billion.  

This is West Shore’s third major acquisition in the Bryan-College Station metropolitan area, an increasingly well loved hub for young professionals, academics and recent graduates, given its close proximity to Texas A&M University.  One of the region’s premier luxury communities, this asset is part of the esteemed Traditions Community, a 1,000-acre oasis of unparalleled sophistication located among the gorgeous woodlands of central Texas, adjacent to Lake Walk town center and just steps from the world-renowned Traditions Club.

Broadstone Traditions will be integrated into the adjacent 8085 at Traditions community; a 396-unit property in Bryanowned and operated by West Shore since 2018.  The newly combined 657-unit property is West Shore’s largest multifamily asset.  West Shore also owns and operates SoCo at Tower Point, a 318-unit community in College Station. 

“The new 8085 at Traditions is truly a unique Class A property and is well located in the thriving Bryan-College Stationarea,” said West Shore Chairman Steven P. Rosenthal.  “This transaction is emblematic of our success and growth over the last three years as we continue to identify and buy high quality, off market properties like this in high-growth areas.”

The 8085 at Traditions community offers residents a private, professionally managed community consisting of more than 35 one, two, and three bedroom floor plans, customized to meet their every need.  Units feature Quartz or granite countertops, sleek stainless steel appliances, full-size washing machines and dryers, well-appointed en-suit master bathrooms, spacious walk-in closets, private patios or balconies and wine refrigerators and beverage centers in select units.  The sprawling, gated property also offers residents access to several top-notch communal amenities, including three resort-style swimming pools with poolside cabanas, pergolas, lounge areas and sun decks; three state-of-the-art, 24-hour fitness centers; multiple outdoor kitchens and grilling stations, complete with outdoor televisions; three clubhouses with fireside resident lounges; an outdoor putting green; three dog parks; pet washing stations; electric car charging stations; two 24-hour, fully-equipped business centers with private conference rooms; secure lockers; 24/7 emergency maintenance; billiards tables; and complimentary Starbucks coffee bars.

“We are excited about this acquisition as well as the tremendous prospects for future growth in the Bryan-College Station market,” said Lee Rosenthal, West Shore President.  “We now own and operate 975 units there and the economies of scale will bring fantastic operating efficiencies and a quality resident experience.”

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