Reed Row
Reed Row is a 132-unit multifamily property in the historic Adams Morgan neighborhood of Washington, D.C., which is known for its vibrant arts, entertainment, and culinary scene. Built in 2017 by Kettler, Reed Row benefits from a prime location with a Walk Score of 99 and proximity to the Dupont Metro Station, offering easy access […]
Parkwood Terrace
Parkwood Terrace is a 126-unit apartment community built in phases between 1992 and 1995. Located in the heart of Omaha, it’s just minutes away from Whole Foods, Top Golf, Children’s Hospital, and numerous dining, entertainment, and recreational options. The original developer had owned the property since its construction. While it has been well-maintained with minimal […]
Deer Park
Mercatus and Parkwest acquired Deer Park in July 2023, located in Council Bluffs, IA. The asset came with assumable fixed-rate debt with six years remaining at 4.11%, presenting an appealing opportunity for a positive yield with a low basis. Simultaneously, a supplemental loan was secured at 7.37%, blending the total interest rate to 4.83%. Our […]
St Andrews Reserve
Mercatus and Kettler recapitalized St. Andrews Reserve in April 2023. The previous ownership group had renovated the common areas and addressed most deferred maintenance. The current business plan includes continuing the unit renovation program, upgrading the property’s landscaping, and replacing the damaged unit balconies—the remaining 169 to be replaced during the first year of ownership. […]
Tampa Park II
The Stevedore is a 390-unit multifamily development located near downtown Tampa. The project will be the second in a significant urban master-planned community that will connect downtown Tampa to historic Ybor City, creating a walkable, urban neighborhood with a unique character and proximity to employment, dining, and entertainment. This project will follow approx. one year […]
La Union
La Union is a 317-unit multifamily development located near downtown Tampa. The project is the first in a significant urban master-planned community that will connect downtown Tampa to historic Ybor City, creating a walkable, urban neighborhood with a unique character and proximity to employment, dining, and entertainment. This project, along with another sizeable master plan […]
800 Broadway
800 Broadway is a 389-unit, 41-story, high-rise in downtown San Diego. The project lies just five blocks east of the Gaslamp Quarter and the soon-to-be-completed Campus at Horton—a 900K sf mixed-use creative office campus on the former Horton Plaza mall site. 800 Broadway is being developed by CA Ventures (“CA”), a national multifamily and student […]
Preston Ridge (Towerview)
Preston Ridge is a multifamily development project in Cary, NC, one of the Raleigh MSA’s most desirable suburban submarkets. Cary has some of the metro’s strongest demographics and schools, and it is well located relative to the region’s primary employment centers: the Research Triangle and downtown Raleigh. Within Cary, the project lies inside of the […]
Calabria at Talus
Calabria at Talus is a class A townhome and flat apartment rental housing community located within the Talus masterplan in Issaquah, WA. Built in 2010, the property includes 20 apartments—a mix of 10 three-story townhomes and 10 flats. Originally built as luxury for-sale residences, the entire property was purchased out of foreclosure by an apartment […]
Blanton Commons
Blanton Commons is a multifamily asset in the highly desirable Beaverton submarket of the Portland MSA. Beaverton possesses a diverse, highly-skilled employment base, low vacancy rates, and limited new construction of multifamily housing. The property is within biking distance of Nike’s global headquarters and Intel’s Aloha campus. The asset will undergo a light renovation, which […]