Located in Covington, approximately 35 miles east of downtown Atlanta, The Cove at Covington Town Center is a joint venture partnership with Elevation Development Partners to construct a 350-unit Class A multifamily property. The Cove stands as the only multifamily development within this master planned community, offering residents a unique and coveted living opportunity.
ACRE has effectively finalized a forward purchase contract with a well-regarded builder headquartered in South Florida for Havens at Central Park. This Build-to-Rent (BTR) community is set to provide 158 standalone and paired home options to residents in the rapidly growing Southeast Florida city of Port St. Lucie, FL.
Co-developers ACRE Development and Pier Property group are under construction of 266 Multifamily units and 71 Townhome units in Chesterfield, Missouri, one of St. Louis’ most affluent submarkets. The project totaling 331 multifamily and townhome for units, will be a part of the CRG/Clayco master-planned community called Wildhorse Village.
In Q3 2022 ACRE and Ark Residential successfully closed a forward purchase contract with a national homebuilder in Myrtle Beach, South Carolina. The Springs at Arcadia will offer 150 best in class single family homes for rent ranging from 3 to 4 bedrooms, 2 car garages, and averaging over 1,800 square feet.
The Platform will initially fund and support a pipeline of four identified class-A workforce multifamily development projects in the United Kingdom and be at the forefront of the UK multifamily market, pioneering the institutionalization of professionally run build-to-rent residential property as a long term, income yielding commercial asset class.
ACRE is developing an affordable rental housing platform in Thailand and subsequently across SE Asia under the HOMA brand name. HOMA aspires to be the leading affordable rental housing provider in the region through the creation of strong and vibrant communities in the key employment centres. HOMA was formed in 2018 and is a JV between a local developer, Noon Capital and ACRE.
Located in the city of Miami along the picturesque Biscayne Bay, ACRE is developing a 432-unit luxury multifamily community. Phase I, Adela at Mimo Bay, features 236 completed units. Additionally, ACRE is collaborating with an institutional joint venture partner to develop the adjacent phase, which will introduce 248 more units and is projected to be finalized in Q1 2024.
ACRE provided $59,500,000 in bridge financing for a Class-A multifamily Property in Tampa, FL. Poised to be completed by year-end, Azalea is nestled in the heart of East Tampa, offering residents unparalleled convenience with easy access to I-75 and downtown Tampa's bustling scene.
ACRE provided $43,500,000 in bridge financing for a newly constructed, high-quality multifamily property in Denver, CO. The loan was fully funded upon closing and utilized for the acquisition of the Property from its original developer. Situated in the rapidly expanding East Denver submarket, which is one of the fastest-growing areas in the metro, the Property boasts a prime location.
ACRE provided $57,825,000 of bridge financing on this newly built, Class-A multifamily property in Austin, TX. The loan was fully funded at close and used to acquire the Property from the developer. Citizen House Decker is located in the city of Austin.
ACRE provided bridge financing on this best-in-class, Class-A multifamily property totaling 387 units in Midtown Miami. The Property is surrounded by the city’s strongest submarkets, Edgewater, Wynnwood Arts District and the Miami Design District, and features unparalleled features and amenities as well as ground floor retail in an energetic and walkable urban area.
ACRE provided $29,500,000 of bridge financing on this Class A, newly-developed property in the affluent Weaverville submarket of Asheville, NC. The loan was fully funded at close and used to acquire the Property from the original developer.
ACRE provided $59,000,000 of bridge financing on this well-located and institutionally owned multifamily property in Plano (Dallas), TX. The loan had an initial funding of $54,550,000 at closing and featured $4,450,000 of future funding to complete a renovation of the Property.
Purchased in Q1 2020, Uptown at Liberty Park is a recently built, luxury, Class A midrise comprised of 320 units. The Property is located in Cape Coral, which is part of the Cape Coral - Fort Myers MSA. The location offers convenient proximity and access to supporting retail as well as all major job centers in the MSA.
Purchased in Q1 2020, Midtown at Cape Coral is a recently built luxury Class A midrise comprised of 90 units. The Property is located in Cape Coral, which is part of the Cape Coral - Fort Myers MSA. The location offers convenient proximity and access to supporting retail as well as all major job centers in the MSA.
Carrington Park is a 330-unit garden-style multifamily community located less than two miles from the I-75/I-675 interchange. The convenient exposure to Atlanta’s interstate network provides excellent access to the metropolitan area and its major employers.
Wildwood is a preferred equity investment on a 344-unit garden style multifamily community located in Austin, TX. The community was built in 1985 and is located 10 miles from The Domain, a premier luxury retail development in North Austin.
Navara is a Class-A, 5-story multifamily development in downtown Tampa, FL. The property is located within an Opportunity Zone, allowing investors to benefit from related tax incentives.