Event speakers pictured left to right: Michael King, Patrick Brennan, Keith Lucas, Heather Maxwell, Andrew Lowcock, Matthew Kandelaars, Natasha Devlin, Robert Papaleo, Henry Vuu.

Topics discussed at the event included what recent federal and state policy announcements such as the Victorian Housing Statement and the lowering of the Managed Investment Trust (MIT) withholding tax rate for Build to Rent housing projects mean for the sector, and what’s needed next to support the long-term growth and potential of the asset class in Australia.

Sentinel is active in Victoria's Build to Rent market with a 172-apartment development, The Briscoe by Kinleaf, approaching completion at 151 Hawke Street in West Melbourne. It also recently announced the acquisition of a 6,528 square metre site for development at 23-47 Villiers Street in North Melbourne. Located in the heart of the Melbourne Biomedical Precinct, Sentinel plans to deliver and manage approximately 350 high-quality and sustainable rental apartments across two buildings on the site.

Sentinel currently has more than 1,600 Build to Rent units under various stages of development and operation throughout Australia and recently launched its Australian property management brand, Kinleaf.

Read more about our Australian Build to Rent Projects.

The post Managing Director Keith Lucas Speaks on Property Council Victoria Build to Rent Panel appeared first on Sentinel Real Estate Corporation News.

Acadia at Cornerstar Apartments is located in Aurora, Colorado, a beautiful suburb of Denver near Parker and Centennial. In 2022 Acadia at Cornerstar Apartments earned the IREM Certified Sustainable Property designation.

Lantern Woods Apartments is located in Fishers, Indiana near Indianapolis. In 2022 Lantern Woods Apartments earned the IREM Certified Sustainable Property designation. The property has bicycles available for resident use and electric car charging stations.

The Jackson Control Sustainability Awards recognize exceptional performance among IREM Certified Sustainable Properties (CSP®). This award program highlights the teams of people behind sustainable building performance and encourages knowledge-sharing to help others on their sustainable property journeys.

In order to obtain the IREM certification, a property must demonstrate it can achieve a minimum total of 62 points, with points awarded by meeting specific objectives in the following categories:

• Management's demonstrated commitment to sustainability;
• Energy and water benchmarking and reduction goals;
• Commitment to health, wellness and safety of residents;
• Recycling practices, including waste diversion targets; and
• Sustainable purchasing practices.

We believe that the IREM CSP certifications benefits our funds in a number of ways. In addition to enhancing the vehicle’s GRESB score and providing a verifiable way to track sustainability progress within the portfolio, these certifications can facilitate further awareness around sustainability initiatives at the property level.

Sentinel's overall portfolio contains 28 properties that we have certified under the IREM CSP program, with more properties scheduled to obtain certification in 2023.

Congratulations to the management and facilities teams that have done the crucial work that these nominations recognize.

Read more about Sentinel's Sustainability practices.

The post IREM Foundation Recognizes Top Performers in the Jackson Control Sustainability Awards appeared first on Sentinel Real Estate Corporation News.

Both The Cascades Apartments and The Hamptons on Heron Bay benefit from proximity to highly rated school districts and are well-located near major thoroughfares with easy commutes to local attractions including beaches, golf courses, and a wide range of shopping, dining and entertainment hotspots. Sentinel will draw on its longstanding track record of managing multifamily properties to continue to provide superior management service to these communities.

"We have enjoyed a long and successful partnership with NYSTRS and are excited to continue expanding our relationship with the addition of The Cascades Apartments and The Hamptons on Heron Bay into our management portfolio," said Michael Streicker, President of Sentinel. "We are gratified by the confidence NYSTRS continues to place in us and remain committed to upholding the high-quality living standards residents have grown accustomed to at these communities."

The Cascades Apartments consists of 294 one- and two-bedroom luxury apartments featuring quartz countertops, private balconies or patios, in-unit washers and dryers, walk-in closets, fireplaces, gas ranges and efficient appliances. The newly renovated community amenities include a saltwater pool and spa, a fireside lounge, a fitness center, a clubhouse with catering kitchen, a playground, two hydrotherapy spas, a business center, barbecue and picnic areas, a dog park and a basketball court.

The saltwater pool at The Cascades is at the heart of the community and adjacent to many of the property's well-appointed amenities

The Hamptons on Heron Bay offers 292 one-, two- and three-bedroom apartments with spacious interiors, including designer kitchens with islands, stainless steel appliances, granite counter tops, designer plank vinyl flooring, tile backsplashes, walk-in closets, garden-style tubs, ground floor private entryways, one- and two-car attached garages, private screened-in patios or balconies, full-size washers and dryers and hurricane shutters. The community amenities include controlled access entry gates, a clubhouse with coffee bar, fitness center, two swimming pools, an outdoor kitchen and grilling stations, a playground, a dog park, a tennis court, half-court basketball, a resident workspace, and curbside valet trash and recycling service.

This beautifully situated pool at the Hamptons on Heron Bay is one of several available for the enjoyment of residents and just steps from the elegant community clubhouse

The transfers received coverage in publications:
Business Wire

See more of Sentinel's portfolio and learn more about our multifamily assets.

The post Sentinel Receives Two Class A Assets to Manage on Behalf of NYSTRS appeared first on Sentinel Real Estate Corporation News.

Taking the balanced perspective of markets that experienced significant rent growth during the pandemic, but have since normalized, he observed "It's not necessarily that those markets are performing badly or even badly relative to other markets. It's just that they were so strong relative to other markets before, and that outperformance is not there."

Read the full article: The Commercial Observer

Sentinel has been actively acquiring and managing multifamily assets for its investors since 1969. Learn more about Sentinel's Portfolio.

The post Managing Director Nick Stein Quoted in The Commercial Observer appeared first on Sentinel Real Estate Corporation News.

Artist rendering. Final finishes may vary.

Sentinel Real Estate Corporation is excited to showcase its plans for capital improvements at ABQ Uptown Apartments, which are estimated to be completed in February 2023. This is an exemplar of our commitment to enhancing assets and exploring opportunities to improve our residents’ experience through the modernization of fixtures with more energy-efficient options, as well as the social benefits to the community – through inviting and engaging shared amenities.

ABQ Uptown Apartments is currently in the process of reconfiguring, redecorating and modernizing virtually all public and amenity spaces at the clubhouse. The entrance lobby will be refurbished and enhanced to give an attractive first impression of the property. The leasing office will be enclosed behind glass walls. The Business Center will be reconfigured while updating the technology, finishes and lighting. The Fitness Center will be expanded in size and will incorporate all new lighting, ceiling fans, flooring and paint. The Resident Lounge will be reimagined to serve as a multifunctional gathering and interactive space for residents. The design reorients the space to have a greater connection with the adjacent outdoor courtyard, properly utilizing the existing fold away doors and encouraging an indoor/outdoor relationship. The Outdoor Lounge Courtyard will be utilized as the connection and main circulation path between all indoor amenities and the pool area, while still being an amenity itself.

"We are very excited to be modernizing our community amenities for the residents at ABQ Uptown Apartments. The renovation will create a terrific visual impression while continuing to respect and preserve the Southwestern US/Adobe architectural style incorporated in the initial design of the community. It will also provide greater functionality at the property and exciting new offerings for our current and future residents," said George Tietjen, Managing Director.

On-site property staff reports, "Residents are excited for the new improvements underway and we can't wait for the unveiling, to share the newly updated spaces with them."

When completed, the renovation will provide a strong visual identity for the property, opportunities for energy conservation and exciting new offerings for our current and future residents to enjoy.

Stay tuned for the results!

Learn more about Sentinel's Multifamily Portfolio.

The post Community Upgrades Underway at ABQ Uptown Apartments appeared first on Sentinel Real Estate Corporation News.

An overview of Sentinel’s future building site at Lots 5-8 Stadium Drive in Robina.

Sentinel has acquired a 1.4-hectare site for development on the Gold Coast in Queensland, Australia. Located at Lots 5-8 Stadium Drive in Robina, Sentinel plans to deliver and manage approximately 300 high-quality rental apartments on the site.

The new apartment community will target carbon neutral certification and a 5-Star Green Star rating from the Green Building Council of Australia, in keeping with other developments Sentinel has completed to date in Australia.

This is Sentinel's first development site purchased in Queensland and follows the successful completion and leasing of Element 27, its first Australian Build to Rent apartment communities in Subiaco (Perth), Western Australia. It also follows the progression of construction on its 172-apartment Build to Rent community The Briscoe in West Melbourne, Victoria, which is due to reach practical completion this year.

Keith Lucas, Managing Director of Sentinel in Australia said: "After bringing our premium and sustainable Build to Rent communities to Western Australia and Victoria, we're excited to expand our footprint to the Sunshine State.

"We're committed to delivering sustainable and high-quality living environments that provide renters with a refined rental experience and offer Queenslanders greater housing choices. This is especially important as rental vacancy rates in Queensland continue to tighten and areas like Robina expect to see a significant boom in population and jobs growth over the next decade," said Mr Lucas.

The site, situated in Robina's Stadium Village Precinct, is conveniently located only a short walk from key amenities and infrastructure including Robina Town Centre, Robina Train Station (with direct trains to Brisbane Airport), Cbus Super Stadium, Robina Hospital, and the wider Robina Health Precinct. It is also just minutes from the planned Robina City Parklands, the first stage of the Gold Coast City Council's proposed Greenheart Parklands, which is expected to deliver an extensive range of new amenities for the local community. Bond University’s expanding Health and Sport campus, a new TAFE campus, a number of golf courses and easy links to the M1 Pacific Motorway are also nearby.

Robina is just a 20-minute drive from some of the Gold Coast’s most iconic beaches and a 15-minute drive from the Gold Coast International Airport. It is also the confirmed location for the Gold Coast Olympic and Paralympic Village for the 2032 Brisbane Olympic Games and is ranked among the Gold Coast’s fastest-growing suburbs, with its population and workforce expected to more than double by 2050. According to the Australian Bureau of Statistics (ABS), South East Queensland is the third largest urban region in Australia and accounts for almost 90% of Queensland's total population growth.

The announcement received coverage in Australian media:
Australian Property Markets News
Real Estate Source
The Urban Developer
The Australian Financial Review

Read more about our Australian Build to Rent Projects.

The post Sentinel Acquires Site in Gold Coast, Australia, for Build to Rent Development appeared first on Sentinel Real Estate Corporation News.

Numerous sustainable initiatives led to Phase 2 of Element 27 receiving a 5 Star Rating, including the rooftop photovoltaic system seen here.

Phase 2 of Sentinel's Element 27 Build to Rent apartment community in Subiaco (Perth), Western Australia, has successfully achieved a 5 Star Green Star Design & As Built v1.3 certified rating from the Green Building Council of Australia.

The 5 Star Green Star certified rating represents Australian Excellence, demonstrating that the project has achieved a high standard of design and efficiency in construction, and verifying the environmental and social outcomes Sentinel set out to achieve.

Founded by the Green Building Council of Australia in 2003, Green Star is an internationally recognised rating system developed for the Australian environment that sets the standard for healthy, resilient, positive buildings and places.

Keith Lucas, Managing Director of Sentinel in Australia, said "We're committed to delivering high quality and sustainable Built to Rent communities in Australia that prioritise environmental performance and provide our residents with an opportunity to live greener. Having these commitments recognised by the Green Building Council of Australia is key to showcasing our focus on bringing more sustainable housing choices to the market."

Key sustainability features at Element 27 include electric car charging stations, a 30kW photovoltaic system for common area energy usage, a rainwater and grey-water recycling system, specialty waste streams, access to a centralised geothermal system, energy-efficient appliances and a leading 8-star NatHERS rating.

In 2021, Phase 1 of Element 27 also achieved its status as the first Carbon Neutral Certified apartment building in Australia, following Sentinel’s close work with the Green Building Council of Australia (GBCA), Climate Active and Stantec's Sustainability team to pioneer a certification methodology for the Build to Rent model that acknowledges the sector’s unique potential for ongoing energy leadership in the residential sector.

Sentinel currently has more than 1,300 Build to Rent units under various stages of development throughout Australia. Read more about our Australian Build to Rent Projects and our Sustainability achievements.

The post Element 27 Achieves a 5 Star Green Star Design and As Built v1.3 Certified Rating appeared first on Sentinel Real Estate Corporation News.

Nova at Green Valley Apartments features numerous amenities, including a heated saltwater pool and spa, cabanas, a poolside pavilion with open air kitchenette and lounge area, a sport and recreation lawn and stunning views of the Rockville Hills.

Sentinel has recently acquired Nova at Green Valley Apartments, a recently completed 281-unit mid-rise apartment community in Fairfield, California. Sentinel purchased the property from the sponsor, The Spanos Corporation ("Spanos"), a leading developer of multifamily communities across the US. Nova at Green Valley represented the opportunity for Sentinel to acquire a well-located newly-built property in a desirable and highly supply-constrained submarket.

Nova at Green Valley Apartments is located within the 132-acre Green Valley Corporate Park, which Spanos was successful in rezoning to allow for multifamily in addition to the commercial uses it had previously been zoned for. The property is also proximate to the interchange of Interstates 80 and 680, giving residents direct access to employment and recreation throughout the Bay Area, including Vallejo, Downtown Napa, Concord, Walnut Creek, San Francisco and Sacramento. Additionally, Nova at Green Valley is served by the highly rated Fairfield-Suisun School District.

"We have enjoyed a long and fruitful relationship with Spanos, having acquired 123 of its communities over the course of nearly 40 years," said Michael Streicker, President of Sentinel. "Nova at Green Valley exemplifies our strategy to acquire well-located properties in submarkets supported by strong fundamentals, including good schools, diversified employment bases, easy access to entertainment and lifestyle amenities, and favorable supply/demand dynamics. During the past 10 years, only two new apartment communities have been delivered to the submarket, and we expect this dearth of new development will support long-term demand at Nova as the submarket continues to grow."

Nova at Green Valley Apartments consists of studio, 1- and 2-bedroom apartments averaging 860 square feet. The upscale interiors feature stainless steel appliances, quartz countertops, wood plank-style flooring, smart lock keyless entry, smart thermostats, side-by-side refrigerators with ice makers, full-sized washers and dryers, 9' and 10' ceilings, walk-in closets, and private patios or balconies. Building amenities include a 24-hour fitness center, a saltwater resort-style swimming pool, spa, fire pit, and sundeck, outdoor grill stations, a gaming room, theater, gourmet demonstration kitchen, lounge, gourmet coffee bar and concierge package system.

The property will also be highly energy efficient, with sustainable elements including rooftop photovoltaic solar panels, solar thermal assist hot water heating, electric vehicle charging stations, LED light fixtures, low emissivity (low-E) windows and Energy Star-certified appliances. The photovoltaic and solar thermal systems are designed to offset common area electric usage and costs and reduce water heating usage and costs, respectively.

Sentinel has been active in the Northern California market throughout its 53-year history and currently owns 5 properties in the area. The firm will continue to leverage its market expertise and deep industry relationships to identify attractive investment opportunities and expand its portfolio in the region.

The acquisition received coverage in several publications:
https://www.multihousingnews.com/sentinel-buys-281-unit-bay-area-community/
https://product.costar.com/home/news/shared/421053607
https://www.businesswire.com/news/home/20221221005101/en/Sentinel-Real-Estate-Corporation-Acquires-Bay-Area-Mid-Rise-Apartment-Community

See more of Sentinel's portfolio and learn more about our multifamily assets.

The post Sentinel Acquires 281-Unit Bay Area Community appeared first on Sentinel Real Estate Corporation News.

Sentinel Managing Director, Keith Lucas, will speak at the Green Building Council of Australia’s (GBCA) upcoming Insights into Build to Rent 2022 webinar. He will discuss the growth of Build to Rent in Australia over the past two years and share some insights from Sentinel’s Australian projects.

The webinar will take place on Monday, 12th December 2022 at 12:30pm AEDT, which is Sunday, 11th December at 8:30pm EST.

About the Event

The Build to Rent sector is going through unprecedented growth in Australia with a huge number of projects underway or in the pipeline. With supply chain shortages, higher inflation and rising interest rates, many think the sector will continue to see booming investment. This new housing class in Australia is also focused on providing high quality, purpose designed and built rental stock, creating an additional housing choice at a time of rental crisis. But what are the sustainability opportunities in this sector? What lessons are already emerging and what can this mean for future planning?

Attendees at the GBCA webinar will hear insights on these topics from a range of experts and be able to learn from some of the latest developments in Australia.

The GBCA was established in 2002 to develop a sustainable property industry in Australia and drive the adoption of green building practices through market-based solutions.

Attending the Event

You can register to attend the webinar through the Green Building Council Australia website.

Sentinel currently has more than 1,300 Build to Rent units under various stages of development throughout Australia. Read more about our Australian Build to Rent Projects.

The post Managing Director Keith Lucas to Present at Green Building Council of Australia Build to Rent Webinar appeared first on Sentinel Real Estate Corporation News.

Artist Ross Potter hosts an open house in his studio at Element 27 for residents and members of the community.

Sentinel has recently welcomed local Perth artist Ross Potter to its Element 27 Build to Rent development in Subiaco (Perth) for a six-month residency.

This residency marks the second instalment of Element 27's ongoing arts program, which aims to celebrate local artists and makers, while engaging the precinct's residents and wider community.

Ross' artwork highlights environmental preservation in Western Australia and animals native to the land, with well-known works including the life-size sketch of Perth Zoo's iconic elephant Tricia for Fremantle Arts Centre. Since his first solo exhibition in 2011, Ross has worked as a full-time artist with various residencies across the state, including the prestigious Cossack Art Award in 2019 and at Fremantle Arts Centre in 2020.

As a part of his residency, Ross has already run a number of interactive drawing workshops for Element 27 residents and members of the local community, as well as a special open studio night to provide residents with more insight into his latest series of works.

"It's fantastic to be a part of Element 27's public art program and have Sentinel's support," said the artist. "I'm looking forward to completing a number of new artworks during my residency and continuing to engage with residents and the local community in the process."

During his time at Element 27, Ross is creating a series of works reflecting on his recent journey to Barrow Island, which is located off the Pilbara coast in Western Australia. These large-scale graphite drawings will depict some of the remote island's unique landscape and rare fauna, including the Perentie.

"Ross is a very talented artist and we're delighted to support his work by hosting him in residency at Element 27, as part of the precinct's broader community arts program," said Keith Lucas, Managing Director of Sentinel in Australia.

"We’re proud to collaborate with members of Perth's local arts community and are committed to supporting initiatives that enhance social and cultural connections within and around our vibrant apartment communities."

The first instalment of Element 27's community arts program launched earlier this year in May, featuring a large artwork projection on the façade of an apartment building, titled "Porcelain: Changing Views". Created by local Perth artist Sohan Ariel Hayes, residents and the local community were invited to view the captivating projection installation at an evening event. The artwork was inspired by the cultural contributions of the Australian Fine China factory in Subiaco, which previously operated on the site of Element 27 for 85 years.

The first two phases of Element 27 are both open and fully operational, with the first phase 100 per cent leased and the second phase approaching fully leased status since opening in early 2022. Read more about our Australian Build to Rent Projects.

The post Element 27 Welcomes Award-Winning Perth Artist, Ross Potter appeared first on Sentinel Real Estate Corporation News.