HOUSTON, TX – Ascendant Capital Partners, a vertically integrated real estate investment and operating platform, and Culver Investment Partners, a multifamily investment platform focused on existing core-plus and value-add multifamily communities, announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million. The acquisition marks Ascendant and CIP s first deal together and the first investment for CIP s new platform.
The Elle Collection comprises three multifamily assets – Elle at the Medical Center, Vie at the Medical Center, and Plaza Townhomes at the Medical Center – totaling 470 units. This strategic acquisition aligns with Ascendant and CIP’s investment focus on acquiring well-located residential assets in high-growth markets with strong fundamentals.
We are excited about this latest addition to our portfolio, said Russell Gimelstob, Founder and Chief Executive Officer of Ascendant. The Medical Center is a dynamic submarket that has multiple demographic demand drivers, including a growing job market, concentration of world-class medical facilities and research institutions, and is home to medical professionals, researchers, and support staff, all of whom need access to high quality housing. We look forward to partnering with CIP to deepen our presence in Houston and enhance the value of these properties through our operational expertise. Looking ahead, we expect to remain active deploying equity and structured capital solutions across the hospitality and residential sectors.
We are pleased to acquire this portfolio that provides needed housing in Houston s fast growing Medical Center neighborhood, said Jeremy Basloe, Founder and Managing Partner of CIP. The portfolio has three differentiated offerings catering to the needs of the residents in the submarket. We believe by acquiring this portfolio at such an attractive basis and implementing our operational and capital-intensive business plan, we can provide residents with a high quality of living while also delivering returns to our investors. We are eager to continue to capitalize on the current market dislocation to execute attractive and accretive acquisitions across Texas and the Sunbelt regions.
The Elle Collection benefits from its prime location within the Medical Center, one of the largest medical districts in the world. The Medical Center is a major economic driver for Houston, attracting a strong tenant base of medical professionals and students. The partnership will seek to implement a strategic capital improvement plan to enhance the resident experience at the Elle Collection properties.

HOUSTON, TX – Clearwater Living, a real estate and property management company dedicated to the ownership, operation and development of high-quality senior living communities, announced the acquisition of The Watermark at Houston Heights, a 220-unit, luxury assisted living and memory support community in Houston. Clearwater Living has rebranded the community as Clearwater at The Heights.
“We are very pleased to add Clearwater at The Heights to our portfolio of Class A senior living communities,” said Danielle Morgan, Clearwater Living’s president and COO. “Each of our communities epitomizes our steadfast commitment to offering residents the essential emotional, physical and social experiences that allow them to thrive. We are excited to expand into Texas and bring Clearwater’s passion for empowering seniors to Houston Heights, a historic neighborhood known for maintaining its sense of community in the heart of one of the country’s largest cities.”
Located at 1245 W. 18th Street between ETC Jester Boulevard and Durham Drive, the seven-story property consists of 201 independent or assisted living residences and 19 memory care apartments with sophisticated and contemporary finishes. Floor plans include private studios and one- and two-bedroom layouts.
The community also boasts a variety of amenities that Clearwater’s five-star, resort-style living is known for, including 24-hour concierge service; housekeeping; four different restaurant experiences featuring chef-driven cuisine and fresh ingredients; an outdoor heated pool that can be used for aerobics classes and therapy; a salon with an on-site spa; a golf simulator; an art room; and fitness rooms with yoga and other wellness classes.
Located in the nation’s fourth largest city, the Houston Heights area is recognized for its rich architectural heritage and close-knit community ambiance. As an integral part of Houston, this neighborhood benefits from its vibrant cultural landscape, world-renowned culinary scene, and a variety of living options making it an ideal location for seniors seeking to participate in an active, culturally immersive experience embodying the essence of Southern hospitality.
Clearwater is dedicated to fostering healthy living and empowering lifestyles within the community. Residents of Clearwater communities regularly enjoy access to a licensed nurse onsite, round-the-clock compassionate care partners, medication coordination, and regular monitoring, among other comprehensive care services. Through a collaboration with local care providers, Clearwater also offers physical therapy, occupational therapy, and speech-language pathology services. These offerings epitomize Clearwater’s philosophy of Empowered Living, where individuals experience enriching emotional, physical, and social interactions in a stimulating, yet comfortable setting.
Clearwater Living actively acquires, develops and operates a full range of senior housing communities throughout the western United States. Clearwater at The Heights is the company’s first Texas location. Clearwater currently features eleven communities across California, Nevada and Arizona, with more properties currently under development.

CHICAGO, IL – The Saint Grand, a co-development and joint venture between Mavrek Development, Double Eagle Development, Luxury Living, and GW Properties, began welcoming its first residents. The mixed-use development is located in the heart of Chicago’s Streeterville neighborhood. The Saint Grand includes 248 Class A luxury apartments at 218 E. Grand Ave, 45,000 square feet of offices at 535 N. St Clair, and 8,000 square feet of street-level retail at the corner of Grand Avenue and N. St. Clair.
“The Saint Grand’s apartments fuse vibrant Chicago living into sophisticated design, seamlessly integrated with the thriving Streeterville community,” said Aaron Galvin, Founder of Luxury Living. “After the first few weeks of leasing, we are thrilled by the initial traction.”
The Saint Grand’s apartments feature a mix of floorplans ranging from studios to 2 Bedrooms + Dens, emphasizing in-unit workspaces and private outdoor space to accommodate post-pandemic renter preferences. A suite of community amenities includes a state-of-the-art fitness center, co-working spaces with ten private study/work rooms, upscale lounges, and a rooftop pool deck scheduled to open in May.
“The Saint Grand offers highly requested amenities, including in-unit workspaces to accommodate work-from-home and private outdoor space,” said Galvin. Using real-time rental trends to inform this property’s architecture, design, and operations has been incredibly helpful. Initial feedback is proving our development thesis resonates with renters.”
In addition to the multifamily offering, the property includes The Offices at The Saint Grand, 45,000 square feet of flagship Class A office space located at 535 N. St Clair. The two full floors of office space also include private outdoor space, modern ventilation systems, and other intentional post-pandemic health safety elements. Office tenants will benefit from accessing and enjoying the apartment amenities.
“As one of the most active development groups in Chicago, we’re thrilled with the market’s reaction to The Saint Grand,” remarked Adam Friedberg, CEO at Mavrek. “In the coming weeks, we will be unveiling a lineup of exciting retail tenants poised to elevate the neighborhood’s vibrancy and enrich the experiences of both residents and office tenants.”
Double Eagle President Andrew Juiris added, “The Saint Grand is already exceeding expectations. We couldn’t be happier with the level of luxury and quality the property offers residents, shoppers, and employers.”
Along with the development team, The Saint Grand is the result of collaboration among industry leaders NORR (architecture), Lendlease (construction), Harken Interiors (interior design), and Cushman and Wakefield, who will oversee residential and commercial property management.

OAKLAND, CA – Cityview, a premier multifamily investment management and development firm, has completed Portico, a 378-unit multifamily project in Oakland, California. Now welcoming residents, the eight-story opportunity zone project is located in the fast-growing Brooklyn Basin master-planned community.
An ideal mix of urban energy and natural serenity, Portico combines access to city living with a serene waterfront setting. The project features a mix of studio, one-, two- and three-bedroom apartments as well as townhomes. More than 80% of the units overlook the water with stunning bay views.
Portico provides 378 units of waterfront housing in one of the fastest growing and most vibrant areas of Oakland, said Sean Burton, CEO of Cityview. Cityview was able to leverage our extensive experience developing both in the Bay Area and in opportunity zones to deliver highly amenitized, ideally located housing for the community.
Portico is a controlled access community that features amenities designed to help residents relax and rejuvenate, including a rooftop sky lounge, a resort-style pool and spa deck and a park-like outdoor courtyard featuring fireplaces, outdoor games and a community garden. The community s indoor/outdoor fitness space features state-of-the-art equipment and a movement studio, while the clubhouse, community wine room, game room and leasing lobby lounge provide space for residents to connect and entertain. A pet-friendly community, Portico also features an outdoor pet spa and pet park.
Portico s units offer a Latch smart home system that includes keyless entry and smart thermostats, elevated finishes, stainless steel appliances, large closets, air conditioning, in-suite full-sized washer and dryers, luxury vinyl plank flooring and kitchens with fully tiled backsplashes as well as hard quartz countertops.
Managed WiFi will be available throughout the community, and technology-enabled workspaces as well as meeting rooms are available for those who work from home. The project also offers 331 parking spaces for residents and guests.
Designed to meet LEED Silver standards, the community s sustainability features include low-flow fixtures, Energy Star certified appliances, a solar thermal system that helps provide hot water for units and energy efficient windows.
Portico residents have access to Brooklyn Basin s extensive waterfront recreational and retail amenities, which will include a network of waterfront parks, a promenade, restored wetlands, a pedestrian and bicycle trail system, event space for concerts and art exhibits and 200,000 square feet of retail, dining and shopping space. Situated on 65 acres of formerly inaccessible industrial land, the master-planned community features panoramic views from San Francisco to the East Bay hills.
Residents also have access to Brooklyn Basin s private transit shuttle service, which provides seamless transfer to the water ferry in Jack London Square as well as the BART stations in Lake Merritt and downtown Oakland. The project is also minutes away from Interstate 880, allowing a short commute to San Jose, San Francisco and Berkeley.
Located on the Oakland Estuary, Portico is near some of the area s most notable attractions, including Jack London Square, Oakland Museum of California, Lake Merritt, Fox Theater, USS Potomac and the Oakland Convention Center.
Cityview partnered with general contractors James E. Roberts Obayashi and Webcor, architecture firm AC Martin and interior design firm Nadia Geller Designs on Portico. Located at 37 8th Ave., the project generated more than 2,000 jobs for the community.
Cityview s other recently completed projects include Jasper – a 296-unit opportunity zone project near Downtown Los Angeles, The Parker – a 123-unit multifamily project in West Los Angeles, and Atrio – a 276-unit value-add renovation in Burbank. The firm continues to be active in both development and value-add projects across the Western U.S., including redeveloping obsolete office and retail sites in Denver and San Diego.

CHARLESTON, SC – West Shore, a fully integrated real estate investment firm with a specific focus on the acquisition and management of multifamily assets, announced its acquisition of The Preserve at Essex Farms in Charleston, South Carolina. The purchase marks a major milestone for the fast-growing company, as it now owns and operates more than 15,000 units across the southeastern and southwestern United States since its founding less than eight years ago. This is West Shore s ninth purchase in the Palmetto State, increasing its total units under ownership and operation in South Carolina to nearly 2,500.
The Preserve at Essex Farms is conveniently located in the West Ashley neighborhood of Charleston, an established and growing area that provides access to both employment and lifestyle destinations, earning its recognition as one of the top cities ranked by Travel + Leisure for the last eight years.
The property offers an attractive array of apartment options, from studios to three-bedroom units in a variety of layouts including townhome-style homes. These upscale apartments feature fully equipped, modern kitchens, in-unit washers and dryers, large private balconies, and spacious living spaces. Preserve also provides exceptional amenities such as a pool, 24-hour fitness center, coffee bar, and more. The apartment community is pet friendly and caters to residents needs, including offering a leash-free park and spa for furry companions.
Our continued investment in the southeast, highlighted by our acquisition of The Preserve at Essex Farms in Charleston, marks a historic moment in West Shore s sustained and impactful growth as the firm now owns and operates over 15,000 units across the United States, said Lee Rosenthal, President of West Shore. This acquisition and the 15,000-unit milestone West Shore achieved in under eight years underscores the success of our strategy that blends an entrepreneurial approach with institutional investment discipline in the ownership and operation of multifamily assets.
The Charleston MSA has experienced an unprecedented 23% growth over the past decade, which is nearly three times the national average, positioning the area for continued rent and economic growth. The Preserve at Essex Farms provides a blend of urban and suburban living, providing easy access to shopping, dining, entertainment, and downtown attractions as well as units that offer a collection of amenities delivering modern solace and effortless style. Additionally, the apartment community offers easy access to Kiawah and Folly Islands, renowned for their miles of pristine beaches.
The Preserve at Essex Farms is an exceptional apartment living experience located within a metro area that continues to benefit from unprecedented job growth and impressive levels of capital investment, said Steven P. Rosenthal, Chairman of West Shore. Charleston has the highest concentration of young professionals among all mid-size metros and continues to attract residents and jobs thanks to the area s historic charm, temperate climate, and booming economy. The achievement of owning and operating 15,000 units is a landmark that highlights our successful growth and corporate strategy.

CONYERS, GA – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in partnership with Nuveen, announced the start of leasing at Emblem Conyers, Quarterra’s latest community in the Atlanta market.
Emblem Conyers is a 264-home garden-style community in Conyers, Georgia, a charming town on the eastern edge of the Atlanta Metro Area. Conyers offers the best of both worlds, pairing a small town feel with urban shopping and cultural opportunities. The area features excellent schools, convenient retail and exceptional regional accessibility. Emblem communities were created by Quarterra to help address the nationwide shortage of attainable housing available to middle-income renters. Emblem Conyers is part of Lennar’s larger Miller Pointe development, which will also include 95 single-family homes.
“Emblem Conyers offers an elevated living experience in an incredibly enviable location,” said Doug Bober, Emblem Communities Division President for Quarterra. “Conyers has its own identity, with a historic downtown district and community festivals, yet maintains its connection to Atlanta. Emblem Conyers was designed to put residents in touch with their local neighborhood and within reach of that big city energy. And the Emblem brand ensures attainable housing with resort-style amenities, well-appointed designer homes and an ideal location.”
Emblem Conyers positions residents to soak in the area’s natural beauty and enjoy the outdoors, whether it’s exploring nearby Johnson Park, Wheeler Park, Lake Varner, Jackson Lake or Lake Oconee, or participating in the recreational opportunities at Earl O’Neal Sports Complex. Situated at 2365 Georgia Route 20 SE, the community puts residents within quick reach of local dining, including Jim ‘N Nick’s Bar-B-Q, Cielo Mexican Grill, Tropical Smoothie Café, Zaxby’s Chicken Fingers & Buffalo Wings, Mellow Mushroom, Kumo Hibachi and Sushi, Dunkin’ and Starbucks. Essentials can be procured blocks away at Conyers Commons, anchored by Target and Publix, or Stonecrest Mall.
From its location on Georgia Route 20, the community is just minutes from Interstate 20, leading to Atlanta and Covington, as well as major regional employers like Pratt Industries, Rivian, Rockdale Medical Center, Jet Corr and Hillphoenix.
Emblem Conyers consists of one- and two-bedroom apartment homes, with carefully curated floor plans ranging from 774 to 1,194 square feet. The SmartRent-equipped community is highlighted by convenient, energy-saving IoT technologies. Kitchens include stainless steel Whirlpool appliances, quartz countertops, tile backsplashes and pendant lighting over islands. Luxury vinyl plank floor is featured throughout, with carpeted bedrooms and walk-in closets. Bathrooms are adorned with quartz countertops, and oversized tubs with tile surrounds.
All residents have access to a modern clubhouse with spacious social lounge, resort-caliber pool with an expansive sun shelf, multiple outdoor grill stations, package lockers, dog park and 396 parking spaces (including 30 garages).

MILWAUKEE, WI – CIBC announced its involvement in the Thrive on King project, a historic adaptive reuse initiative that will transform a former department store building into 90 units of affordable housing in downtown Milwaukee.
“We are excited to be a part of the Thrive on King project, which will not only create much-needed affordable housing, but also contribute to the preservation of Milwaukee’s rich history,” said Tony Hernandez, head of Community Investment at CIBC Bank USA. “CIBC is especially passionate about this project because it represents a significant investment in Milwaukee’s future, and we are proud to be a part of it,” said Hernandez.
CIBC’s $45.5 million commitment through equity investment and construction lending will play a pivotal role in realizing the vision of this project. The community impact of Thrive on King is significant. The adaptive reuse of a vacant, historically significant store, will create 90 units of affordable housing in downtown Milwaukee. These units will serve as low-income residences, with 27 units specifically designed for seniors aged 55 and above.
The commercial space within Thrive on King will be anchored by the Greater Milwaukee Foundation and the Medical College of Wisconsin community-facing centers and institutes. The space will serve as a hub for a wide range of services including food, health and wellness programs, art, culture, history, community gatherings, early childhood education, generational programming, workforce development and business support.
“Thrive on King is more than just a development project. It’s a symbol of hope and progress for the city of Milwaukee,” said Hernandez.

DALLAS, TX – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the construction completion of Perch Denton, a 195-unit, single-family build-for-rent community in the Dallas suburb of Denton, Texas. Capital Square has partnered with Good + West Residential and Montgomery Street Partners as co-developers on the project.
Substantially all certificates of occupancy have been issued and nearly one-third of the homes are already occupied with strong leasing activity underway.
“Capital Square is a vertically integrated, national real estate firm built on three pillars: invest, build and manage,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Perch Denton is a part of Capital Square’s build strategy that gives the firm a competitive advantage by building our own investment properties for the various investment programs, DST, opportunity zone funds and the REIT.”
Located at 2205 N. Bonnie Brae Street, the 18-acre development includes a mix of one-, two- and three-bedroom single-family homes that average 1,005 square feet. Community amenities include a resort-style pool, fitness center, business center, dog park, pavilion and pickleball court all developed and marketed under the Perch brand.
An abundance of retail, shopping and dining options can be found within a mile of the property, including the adjacent Rayzor Ranch Marketplace anchored by Walmart, Sam’s Club and H-E-B. Immediately to the south is Rayzor Ranch Town Center, which contains an array of fast-casual and sit-down dining options, including In-N-Out, Chipotle, Chili’s and more.
With direct access to Interstate 35 and University Drive, Denton’s primary east and west thoroughfares, residents have direct access to downtown Denton, Frisco, McKinney, Dallas Fort Worth International Airport, Fort Worth and Dallas.
“Denton and its neighboring counties have experienced outsized population and job growth. Capital Square is pleased to help alleviate the shortage of quality housing with the delivery of 195 new single-family homes,” said Whitson Huffman, co-chief executive officer. “Leasing activity has been strong, and we are exceeding our projections for realized rents, underscoring our belief that the Dallas Metroplex is an ideal market for high-quality build-for-rent communities like Perch Denton.”
Capital Square formed a joint venture with Good + West Residential and Montgomery Street Partners to develop Perch Denton, which has been capitalized with funds raised from accredited investors in Capital Square Denton BFR, LLC, a private placement investment sponsored by Capital Square.

AUSTIN, TX – In partnership with the Housing Authority of the City of Austin (HACA), The NRP Group celebrated the grand opening of The Markson, a 330-unit mixed-income housing development in Austin s coveted Barton Springs community. As a part of both organizations commitment to creating affordable housing options for Austin residents, more than half of the units will be reserved for residents earning 80% of the Area Median Income (AMI).
The Markson meets the neighborhood s demand for quality, accessible workforce housing, and embodies the vision that Dan Markson carried throughout his 30-year career. Through his tireless efforts, bold leadership, and brilliant partnership development, Dan Markson changed the affordable housing landscape, leading to the creation of over 29,000 multifamily units in Texas, with more to come.
The Markson is one of the eight developments created in partnership with HACA, comprising over 2,300 units throughout the city. The organization serves over 25,000 Austin residents through 21 Project-Based Rental Assistance Properties, Voucher Programs, and the Austin Affordable Housing Corporation.
“As a part of our collective vision to provide stable, affordable housing options to essential workers, The Markson reflects our unwavering commitment to addressing the affordable housing shortage in Austin, said Michael Gerber, President and CEO of the Housing Authority of the City of Austin. Dan Markson’s legacy is embodied in The Markson, and this development will help ensure the integral presence of our community members in Austin’s diverse fabric.
The Markson offers affordable rents for people who provide critical services, including teachers and first responders, close to their places of work. To assist local school teachers in finding affordable housing, NRP Group is also extending one month of free rent to all employees of nearby St. Andrew’s Episcopal School. The community’s location offers easy access to downtown Austin and nearby employment centers, like Yeti and NXP, catering to essential workers and local employees alike.
Thanks to our continued collaboration with HACA, The Markson stands as a testament to Dan s vision and dedication to delivering housing options for essential workers throughout Texas, said Debra Guerrero, Senior Vice President of Strategic Partnerships and Government Affairs at The NRP Group. We honor his legacy, as well as HACA s vision to provide housing affordability for Austin families.
The Markson residents will enjoy an array of outdoor amenities, including a landscaped pool courtyard with private cabanas, an outdoor kitchen with grills, bocce ball, volleyball courts, and a dog park. The property s sky lounge offers indoor and outdoor gathering spaces complemented by sweeping views of downtown Austin, providing a serene retreat for residents, families, and their guests.
“We are thrilled to unveil The Markson, a project in the heart of Barton Springs that combines high-quality construction with affordability,” said Parker White, Vice President of Development at The NRP Group. “NRP has a rich history in Austin, standing as a pioneering force for affordable housing across Texas through impactful collaborations with key partners like HACA. Thanks to this continued support, we can provide essential workers with the opportunity to live in a vibrant community while investing in the local economy.”
Residents will also have access to a pet spa, bike storage, conference rooms, co-working lounge space, coffee bar, fitness center, game room, and package concierge. The community features a central parking garage with electric vehicle charging stations for added convenience. The Markson comprises one- to three-bedroom units with monthly rents ranging from $1,487 to $3,182. Residences are available in two different in-unit finishes—toffee flat panel or cream shaker style—and offer stainless steel appliances, pure white quartz countertops, luxury vinyl plank flooring, and keyless entry. A selection of units feature outdoor balconies.
Situated within the lush backdrop of the Barton Creek Wilderness Park, residents of The Markson will have access to a scenic nature trail, reservoir, the nearby Barton Creek Greenbelt, and over 20 acres of preserved nature area. The entire property is landscaped with native prairie plantings.
In addition to the Markson, NRP is developing Alameda at Oak Hill Development in collaboration with the Austin Affordable Housing Corporation, which will continue to grow affordable housing options in the Austin market.

ALEXANDRIA, VA – CIM Group announced that it has sold Mason at Van Dorn, a 1,180-unit apartment community consisting of fourteen four- and five-story buildings spread across an approximately 25-acre site in Alexandria, Virginia. CIM Group acquired the community in December 2017.
Located at 140 South Van Dorn Street, Mason at Van Dorn provides residents spacious homes offered in a range of floor plans from studio to two-bedroom configurations. The property features an on-site convenience store and deli as well as two resort-style swimming pools, tennis courts, barbeque and picnic areas, and other outdoor gathering and recreation areas.
Over the course of its ownership and management of this substantial apartment community, CIM Group instituted a program of improvements to Mason at Van Dorn, which was built in 1972. Throughout CIM Group s ownership, upgrades to the property s communal areas and amenities were completed including modernizing the club house creating a host of gathering spots such as a kids room, business center, fitness center, lounges, and a theatre room. CIM Group also focused on the community s outdoor recreation spots including the addition of a fully equipped kids playground and a grilling area and an upgrade to the large dog park. In addition, CIM Group enhanced resident services and added an Amazon Hub package area and Tide Dry Cleaning locker space.
As residences became vacant, CIM Group renovated with new flooring, cabinetry, appliances, fixtures, and lighting, as well as adding full-size washers and dryers in select units.
Mason at Van Dorn is located adjacent to WestEnd Alexandria, the prominent redevelopment of the 52-acre former Landmark Mall which includes the future Inova Alexandria Hospital Campus. Mason at Van Dorn, conveniently situated just off I-395 inside the Capital Beltway, is four miles from Old Town Alexandria and one mile north of the Van Dorn Metro Station.
For 30 years, CIM Group has applied its community-focused investing approach by utilizing its broad expertise in owning, developing, repositioning, and operating real estate assets to enhance communities throughout the Americas.