The Preiss Company Breaks Ground on 433-Bed Signature Hartwell Village, a Student Housing Complex, in Clemson, SC

Rendering of planned Signature Hartwell Village (SHV), a 433-bed student housing complex that will serve Clemson University students in Clemson, SC

CLEMSON, SC and RALEIGH, NC —Officials at The Preiss Company (TPCO), one of the nation’s largest, privately-held, student housing owner-operators, today broke ground on Signature Hartwell Village (SHV). 

Serving Clemson University, the 433-bed student housing complex has a targeted completion date of August 2021.

“Along with University Village at Clemson & The Collective at Clemson, Signature Hartwell Village will mark our third asset in the Clemson market,” said Susan Folckemer, chief acquisitions & development officer, TPCO. 

Susan Folckemer

 “We actively have developed, owned and operated in the market since 2000.  Our familiarity with the area, university and student base made the decision to invest further in the community a relatively simple one.  We look forward to expanding our presence in Clemson as we meet the evolving needs of today’s students.”

Located at 13060 Clemson Blvd. between Tiger Blvd. (US 76) and Pendleton Road (SR 93), Signature Hartwell Village will be part of a 45-acre, mixed-use development. 

Named Hartwell Village, the area consists of residential, retail and dining options, including Aldi, Petco, Marshalls and multiple hotels.  SHV will consist of two four-story and two three-story buildings situated on 3.25 acres, as well as a 6,034 square foot clubhouse and leasing office and a 7,200 square foot outdoor amenity space.

“Less than a mile from Clemson University, Signature Hartwell Village is an ideal location for students looking to maximize their college experience,” said Adam Byrley, chief operating officer, TPCO. 

Adam Byrley

 “Not only does the student housing complex itself offer a variety of study spaces and relaxation options, but the larger Hartwell Village development provides some of the best dining, shopping and entertainment in the area.”

Residents also will enjoy a 24’ jumbotron, fire pits, grills, dog park, cornhole court, a pool with in-water lounging deck, cabana with misters and TV room with 82” television. 

For the health conscious, SHV will offer and state-of-the-art fitness center with top-of-the-line equipment.  Students will have access to study rooms, high speed, next generation internet and fob access for all amenities and units, as well as a package locker system.  The complex also will employ an onsite leasing and maintenance staff.

“While we retain an aggressive acquisition pipeline, development has become an increasingly important component of our growth strategy,” said Folckemer.

Residents may choose between one-, two-, three- and four-bedroom units.  Each unit will feature private bedrooms and bathrooms, key fob unit entry, 50" Smart TVs in each living room, chic modern furniture, stainless steel appliances, granite countertops, plank vinyl flooring throughout the unit and in-unit laundry.

 CONTACTS:

CHRIS DALY

PRESIDENT

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com

Kasey Munsch

 Vice President of Marketing

The Preiss Company

(919) 706-0668

kasey.munsch@tpco.com

www.tpco.com.                      

Passco Cos. Bolsters Florida Portfolio with Acquisition of 244-Unit Multifamily Community in Ponte Vedra, FL

The Reserve at Nocatee, a 244-unit luxury multifamily community in Ponte Vedra, FL

Ponte Vedra, FL — Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Reserve at Nocatee, a 244-unit luxury multifamily community in Ponte Vedra, Florida, for $54.9 million.

The Reserve at Nocatee is the first multifamily community with a highly desirable Ponte Vedra address to be built since 1988. This acquisition brings the firm’s current Florida portfolio to a total of 3,650 units, according to Colin Gillis, Vice President of Acquisitions, East at Passco Companies.

The Reserve at Nocatee’s one-, two-, and three-bedroom units feature washer/dryers, wood/vinyl floorings, granite countertops, stainless steel appliances, and private balconies.

“When sourcing acquisitions, we have an extensive list of factors we evaluate, including ongoing and projected employment and population growth, school system quality, educational attainment within the area, housing values, and household incomes,” says Gillis. 

“This asset, ideally located at the heart of the booming master-planned Nocatee community in Ponte Vedra, the second fastest growing suburb in America, exceeds these criteria points on all counts.”

Gillis notes that Ponte Vedra is located 25 miles southeast of Jacksonville just over the Duval County line in St. John’s County, which has some of the highest financial barriers to entry in the entire State of Florida. 

The community, which was built in 2018 and sits on over 20 acres of land, offers best-in-class amenities on site, such as a fitness center, a resort style pool with cabanas, and pet park.

Developers have often spent upwards of $40,000 per unit prior to completing site work due to high utility impact and school concurrency fees, which is keeping the future St. Johns County multifamily pipeline relatively limited, further driving the value of this rare acquisition opportunity.

“Ponte Vedra is in unincorporated St. Johns County, which is not only one of the most affluent areas in the state, but among the top 10 fastest growing counties in the country,” continues Gillis. 

Colin Gillis

“Residents of The Reserve at Nocatee also benefit from its location in the number one school district in Florida. 

"Further, it is the only multifamily property within the country-club-like environment of Nocatee, which was recently ranked as one of the best-selling master planned communities in 2019.”

In addition to the premier suburban location and school system, Nocatee offers a high-quality, family-oriented lifestyle with ongoing development of resort-like amenities, the emergence of its own resident conveniences and programming in place for those to participate in on a daily basis. 

"Residents have exclusive access to all of Nocatee’s pools, water parks, sports recreational areas, access to a private beach club on the Atlantic, golf cart trails, bike paths, dog parks, and fitness center facilities," notes Gillis.

Brian Moulder

Gillis explains: “Nocatee was originally developed for single-family homes – and sells nearly 1,000 homes each year – but has continued to expand to include retail, office, medical facilities, grocers, restaurants, and more. 

Along with these developments, there are many nature reserves, with 60% of the 12,500-acre parcel used for conservation and land preservation, adding to its unique appeal.”

Brian Moulder and Dhaval Patel of Walker & Dunlop facilitated the transaction.

Moulder adds: “The Reserve at Nocatee is a fantastic asset in a county that is home to the state’s best schools and is experiencing tremendous growth. Working with the Passco team is always a pleasure, and it was a fantastic to be able to expand and deepen our relationship with this transaction.”

Dhaval Patel 

The Reserve at Nocatee’s one-, two-, and three-bedroom units feature washer/dryers, wood/vinyl floorings, granite countertops, stainless steel appliances, and private balconies. The community, which was built in 2018 and sits on over 20 acres of land, offers best-in-class amenities on site, such as a fitness center, a resort style pool with cabanas, and pet park.

The Reserve at Nocatee is located at 215 Hunters Lake Way in Ponte Vedra Beach, Florida. Chris Black and Caleb Marten of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing on behalf of Passco Companies.

Contacts:

Micaela Fehrenbach / Elisabeth Manville

Brower Group

(949) 438-6262

mfehrenbach@brower-group.com

Meta Housing Completes 33-Unit Transit-Oriented Affordable Apartment Community in Los Angeles, CA

Meta Housing has announced the completion of Metro @ Western, a 33-unit transit-oriented, affordable apartment community in Los Angeles, California providing quality housing for homeless veterans and families.

From left: Emilio Salas, Acting Executive Director of Los Angeles County Development Authority; Graham Espley-Jones, President at Western Community Housing, Inc.; Mayor Eric Garcetti of the City of Los Angeles; Councilmember Marqueece Harris-Dawson of the City of Los Angeles; Raymond Bunch, Resident of Metro @ Western; Kasey Burke, President at Meta Housing; Supervisor Mark Ridley-Thomas of the County of Los Angeles; Keith Boylan, Deputy Secretary at CalVet; Ryan Mulligan, Assistant Director of Section 8 at the Housing Authority of the City of Los Angeles.

LOS ANGELES, CA – Meta Housing Corporation, a Los Angeles-based developer, in a joint venture partnership with Western Community Housing, Inc., a Southern California-based non-profit public benefit corporation, has announced the completion of Metro @ Western, a 33-unit transit-oriented, affordable apartment community in Los Angeles, California.

According to Meta Housing’s President Kasey Burke, the apartment community provides quality housing for homeless veterans and families.

Metro @ Western Apartments, Los Angeles, CA

 “We are one of the most active affordable housing developers in Los Angeles. We place an emphasis on creating high-quality apartments that fill a need in the local community, are located near transit, incorporate unique amenities, and are sustainably built,” says Burke. 

“In fact, Los Angeles recently surpassed San Francisco as the least affordable housing market in the nation. This has created a tremendous need for affordably priced housing in LA, especially for veterans and families. Metro @ Western aids in filling this need.”

Meta and Western Community Housing partnered with several public entities including, the US Department of Veterans Affairs, Los Angeles County Development Authority, the state of California, the County of Los Angeles and City of Los Angeles to bring this apartment community to fruition.

According to Los Angeles County Supervisor, Mark Ridley-Thomas, “These grand openings are occurring at a pace like never before, but I believe we can take it to another level - a Comprehensive Crisis Response. 

Kasey Burke

"We are housing 130 people every day, but the shortage of affordable apartments remains dire. We must all be inspired by partners like Meta Housing and Western Community Housing, and act with compassion and urgency to make Los Angeles County a place where all residents have a place to call home.”

The $20.1 million new development is located in close proximity to downtown Los Angeles, near the Western Stop of the Metro Expo Line, and less than a quarter mile from various public schools, a medical clinic, pharmacy, grocery store, retailers and restaurants.

“Walkability and being close to public transit are always important components in all of our projects,” explains Burke. “We carefully curate our apartment communities near transit hubs and other services so that residents have easy access to surrounding amenities and are engaged with the local community.”

In addition to its quality location, the four-story apartment community features a variety of community-focused amenities including outdoor lounge areas, a large community room with kitchen, and a play structure, among other amenities.

Mark Ridley-Thomas

“Our residents are top of mind in any of the communities we develop,” says Burke. “We want to create safe and high-quality environments that improve their daily lives while also encouraging engagement and socialization. 

"This can be seen through the variety of community and outdoor spaces at Metro @ Western. Each of these is thoughtfully designed to connect residents and aid in building a sense of community.”

Metro @ Western was also built to LEED Gold rated standard and features the latest in sustainable features, adds Vice President at Meta Housing Tim Soule.

Tim Soule

“Sustainability is not only important to our projects, but also for the local community,” says Soule. “We want to ensure that we are reducing our carbon footprint and creating communities that are sustainable. 

"At Metro @ Western we incorporated a variety of sustainable features including a LEED Gold Certification, Graywater treatment and reuse system, Energy Star labeled appliances, Electric Vehicle Charging Stations and more."

Metro @ Western offers a mix of one-, two-, and three-bedroom units, and is located 3671 S. Western Avenue in Los Angeles.

Meta and Western Community Housing partnered with several public entities including, the US Department of Veterans Affairs, Los Angeles County Development Authority, the state of California, the County of Los Angeles and City of Los Angeles to bring this apartment community to fruition.

From left:: Councilmember Marqueece Harris-Dawson of the City of Los Angeles; Mayor Eric Garcetti of the City of Los Angeles; Emilio Salas, Acting Executive Director of Los Angeles County Development Authority; Kasey Burke, President at Meta Housing; Graham Espley-Jones, President at Western Community Housing, Inc.; Supervisor Mark Ridley-Thomas of the County of Los Angeles.

About Meta Housing Corporation:

Since 1993, Meta Housing Corporation has established itself as one of Southern California’s most experienced and trusted developers of apartment communities for families and seniors, developing more than 6,400 residential units.  

Additional information is available at www.metahousing.com.

Contacts:

  

Micaela Fehrenbach/Lexi Astfalk

Brower Group

mfehrenbach@brower-group.com

(949) 438-6262

NAI Realvest Earned Distinguished CoStar Power Brokerage Award for Overall Transaction Volume in 2019

Patrick Mahoney

ORLANDO, FL and DAYTONA BEACH, FL -- NAI Realvest based in Orlando with offices in Daytona Beach, and one of Central Florida’s most active commercial property leasing and sales companies, was recently named a Power Broker by CoStar Group, Inc., the nation’s leading provider of commercial real estate transaction data.

Patrick Mahoney, President and CEO at NAI Realvest, said his firm earned the CoStar ranking for its overall volume of sales and leasing across the region in 2019.  

Their transactions reported to CoStar were measured against all active brokers within their market area.

CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information.

CONTACTS:

 Patrick Mahoney, President / CEO, NAI Realvest,

407-875-9989 pmahoney@realvest.com

Beth Payan, Larry Vershel Communications Inc.

 407-644-4142 or 407-461-3781 beth@larryvershel.com