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CHARLOTTE, NC - Preferred Apartment Communities announced that it completed the acquisition of Solis Chestnut Farm, a 256-Unit Class A multifamily community in the Charlotte, North Carolina MSA. Jeff Sherman, the Company’s President of Multifamily said, “Chestnut Farm is a second-to-none, Class A property in the affluent Charlotte suburb of Matthews. Additionally, Chestnut Farm is uniquely advantaged with an inimitable amenity – a 265-acre park directly connected to the...

FREDERICKSBURG, VA - Preferred Apartment Communities announced that it completed the acquisition of The Kingson, a 240-Unit Class A multifamily community in Fredericksburg, Virginia. Jeff Sherman, the Company’s President of Multifamily said, “The Kingson offers upscale housing in Fredericksburg, an historic and growing suburb of Washington, D.C.” Mr. Sherman continued, “The Kingson had a rapid lease-up and will continue to benefit from its immediate location nearby...

DENVER, CO - Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation's leading multifamily developers, announced the sale of Watermark at First Creek, a 264-unit Class A multifamily community in Denver. California-based Borello Asset Management, Inc. bought the property for $74.65 million. "Denver has been one of the fastest growing areas in the nation for more than a decade," said Josh Purvis, managing partner with Watermark. "This population growth, combined with a lack of affordable single family housing has created strong investor demand and skyro...