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.

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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.

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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.

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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.

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Hayes House, in Nashville, TN, is a Sentinel US Core-Plus property that features 201 units, numerous on-site amenities and easy access to the vibrant and trendy shopping, dining and entertainment of Music Row and the West End.

Recently Scott Barsky, First Vice President responsible for Sentinel's North American capital raising and investor relations activities, co-chaired IREI’s 2022 Springboard event in Nashville. IREI Springboard is an invitation-only event for which next-generation leaders are nominated by a senior member of their organization.

"I was impressed by the energy, participation, and conversations that took place during the conference, and am excited about what the future leaders are going to accomplish in their careers," said Mr. Barsky.

The 2022 IREI Springboard event reached maximum capacity and featured mentorship panels, roundtable workshops and networking activities, to help leaders build career-long relationships with their peers.

Read more about the 2022 IREI Springboard event: IREI News

With over 50 years of providing clients superior service that encompasses integrity, expertise and independence, our people are Sentinel's greatest asset. Meet our team of investor services professionals.

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Debbie Lane Flats, in Arlington, TX, features a resort-style pool and sundeck with lounge seating.

Sentinel has recently acquired Debbie Lane Flats, a 331-unit garden-style apartment community located in Arlington, Texas, representing an opportunity for Sentinel to acquire a stabilized newly-built luxury community in the desirable and rapidly growing Dallas-Fort Worth Metroplex.

Debbie Lane Flats consists of one-, two- and three-bedroom apartments, averaging 895 square feet per unit. The luxury residences are equipped with stainless steel appliances, quartz countertops, wood-style flooring, nine-foot ceilings, LED lighting, smart lock keyless entry, smart thermostats, full-sized washer/dryers, oversized garden-style tubs, walk-in closets, and private patios or balconies. In select units, there are extra storage closets, private yards, standing showers and dual-vanity sinks. Community amenities include a 24-hour fitness center, a resort-style pool and sundeck, outdoor grill stations, a gourmet kitchen, a business center, a cyber cafe, a 24-hour package locker with cold storage features, controlled access gates, bike racks, electric vehicle charging stations, a dog park and a valet dry cleaning service.

"Debbie Lane Flats exemplifies our core investment strategy of acquiring high-quality stabilized assets in high-growth markets across the U.S.," said Michael Streicker, President of Sentinel. "In this case, Arlington is at the heart of one of the nation’s fastest-growing employment centers, which consistently exceeds the national average for job growth. In the last year alone, employment in the Metroplex has grown by 7.2 percent, representing nearly 280,000 jobs, and is expected to grow 2.4 percent annually over the next five years. This job growth, combined with highly-rated school systems and quality of life factors, will support continued population growth and drive the long-term success of the asset."

Debbie Lane Flats is optimally located approximately 18 miles southeast of Fort Worth and 27 miles southwest of Dallas, and situated along the southbound lane of South State Highway, a major highway that runs north/south into downtown Arlington and connects to Ronald Reagan Memorial Highway, a major east/west thoroughfare. The property is within a 20-minute drive of a variety of the region’s top employers, such as GM Financial, a General Motors SUV assembly plant and Poly America, as well as the headquarters of American Airlines, IKEA and Lockheed Martin. Additionally, the property is served by the highly rated Mansfield Independent School District.

Debbie Lane Flats is also located proximate to high-quality shopping, dining and entertainment options at Arlington Highlands and The Parks Mall at Arlington, with major retailers such as Kroger, Sprouts Farmers Market and Walmart Neighborhood Center supermarkets, as well as Best Buy, Target and Marshalls – among other name brand stores and restaurants – nearby. The community is within walking distance of Lloyd Park at Joe Pool Lake, which features camping, swimming, kayaking, canoe rentals and other recreational amenities. It is also located within a 15-minute drive of Six Flags Over Texas adventure park and the Texas Rangers and Dallas Cowboys stadiums.

Sentinel has been active in the Dallas-Fort Worth market throughout its 53-year history, having owned and operated 24 multifamily properties and six commercial 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:
Multi-Housing News
REBusiness Online
The Dallas Morning News

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

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Read the full article: Apartment Industry Enters Final Stretch of 2022 Facing More Headwinds Than Last Year

Sentinel has been actively acquiring and managing real estate properties for its investors since 1969. Learn more about Sentinel’s Portfolio.

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

Lord Mayor Sally Capp and Sentinel Managing Director Keith Lucas at the topping out ceremony for the Briscoe. Photo: Kit Haselden Photography

Sentinel has marked the 'topping out' construction milestone at its Build to Rent apartment building, The Briscoe, in West Melbourne. On completion, the project will be Sentinel's third completed Build to Rent community in Australia.

To commemorate the achievement for the project and Melbourne's growing Build to Rent sector, The Lord Mayor of Melbourne, Sally Capp, joined Sentinel's Managing Director in Australia, Keith Lucas, construction partner Crema Constructions and project architects Rothelowman on-site at 164-168 Roden Street for a site tour and topping out ceremony.

Sentinel has established The Briscoe as the name of its new apartment community, paying homage to the site's former status as home to one of Australia's largest Victorian-era hardware firms, Briscoe & Company Limited. The Briscoe will be home to 172 premium and sustainable Build to Rent apartments across seven levels, ranging from one- to three-bedroom layouts. It is scheduled to reach practical completion in March 2023.

Melbourne Lord Mayor Sally Capp welcomed the project and said it will add value to Melbourne's housing landscape.

"I welcome more, quality housing supply in our city, especially when it is combined with community facilities and environmental outcomes," the Lord Mayor said.

"Melbourne is Australia’s most liveable city and it is projects like The Briscoe by Sentinel that continue to strengthen that title."

Artist rendering of The Briscoe, featuring the historic façade of the original building and recreated historic signage. Final finishes may vary.

As pioneered by Sentinel's previous Australian Build to Rent properties, The Briscoe will pursue carbon neutral certification on completion. The building has also been designed to be fossil-fuel-free and target a 5-Star Green Star rating from the Green Building Council of Australia.

The Briscoe will have a broad range of state-of-the-art amenities to provide residents with a sophisticated rental experience. These amenities include a rooftop terrace with sweeping views overlooking the Melbourne CBD skyline, a gym, a residents' lounge and dining area that can be booked for private functions, a business centre and a landscaped, green inner-courtyard at the centre of the building which will act as the uniting feature of the community.

Sentinel's on-site management, leasing and maintenance staff will provide an enhanced rental experience for residents, including a streamlined and personalised leasing process, 24/7 on-site maintenance and an ongoing program of curated resident events to grow and sustain a vibrant rental community.

Keith Lucas, Managing Director of Sentinel in Australia said: "It's fantastic to see The Briscoe, our first Build to Rent development in Victoria, progress another step closer to completion. It will offer residents a refined, highly sustainable and community-focussed lifestyle, creating a sense of place within and adding to West Melbourne’s existing character.

"The Briscoe has been thoughtfully designed outside and in for a renter-oriented living experience. The design draws heavily on the eclectic industrial heritage of the site and art deco influence of the iconic Briscoe and Co signage. The building is also designed to achieve leading sustainability benchmarks including carbon neutral certification, empowering residents to live greener," said Mr. Lucas.

The announcement received positive coverage in Australian media:
Herald Sun
The Fifth Estate
Brisbane Times
The Chronicle

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 Sentinel Reaches Major Milestone on Melbourne Build to Rent Development appeared first on Sentinel Real Estate Corporation News.

The Broderick is ideally located in the Society Hill neighborhood of Philadelphia, near Washington Square Park and Independence National Historic Park.

Sentinel has recently acquired two high-rise apartment communities – The Broderick and The Republic – totaling 213 units and located in Center City Philadelphia. These acquisitions presented Sentinel with the opportunity to increase its investment in the rapidly expanding Philadelphia market. The transactions follow the recent acquisition of Madison Lansdale Station, a 186-unit mid-rise apartment community located in Lansdale, PA, approximately 32 miles northwest of Philadelphia’s City Center.

Both The Broderick and The Republic benefit from superior walkable and transit-oriented locations with significant rental rate upside potential through comprehensive unit upgrades and over 5,000 square feet of retail space within each. Moreover, their location in Center City offers proximity to top employers and an extraordinary range of dining, entertainment and cultural attractions.

"With The Broderick and The Republic, we found a compelling opportunity to acquire institutional-quality assets in two of Philadelphia’s most desirable neighborhoods, attracting a wide range of residents who want to live and work in the heart of the city," said Michael Streicker, President of Sentinel. "These locations have also seen significant post-pandemic recovery, with increasing in-migration, strong rent growth and a return to the urban vibrancy that remains a signature of the city’s culture and lifestyle."

Sentinel has been active in the Pennsylvania market throughout its 53-year history, having owned and operated 12 properties in the state. Currently, Sentinel owns and operates four properties in Philadelphia submarkets, in addition to these new acquisitions. 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 Broderick

The Broderick occupies an irreplaceable location next to the nation’s most famed city parks and museums in historic Society Hill. Surrounded by Washington Square Park, Independence National Historical Park and the Delaware River, The Broderick benefits from its proximity to these landmarks, which also protect its unparalleled views and, combined with reduced tax incentives for new construction, limit new supply in the market. Additionally, The Broderick’s highly visible location within Society Hill draws a steady demographic base of mature, well-established professionals with strong employment profiles who are willing to pay a premium for luxury unit finishes in a concierge-serviced building.

The Broderick is a boutique community comprising 69 apartments averaging 854 square feet. Residences boast quartz countertops, stainless steel appliances, luxury wood-style flooring, spacious closets, in-unit washers and dryers and oversized French windows with breathtaking views. Amenities include a penthouse-level resident lounge, an entertaining kitchen and a complimentary coffee bar. The previous owner recently renovated 46 units and Sentinel has identified a substantial value-add opportunity to renovate the remaining 23 units to capture additional rent premiums.

The Republic

The Republic is a 144-unit community conveniently located in the heart of Rittenhouse Square, Center City Philadelphia’s most sought-after neighborhood. Boasting some of the highest per-square-foot rental rates in the city, Rittenhouse Square features luxury hotels, high-end retail, world-renowned restaurants, energetic nightlife and an extensive array of art and culture offerings. The property features a rooftop overlooking the scenic Rittenhouse Square Park and is within a ten-minute walk to over 46.8 million square feet of Class A office space and to many of Philadelphia’s largest employers both in Center City Philadelphia and in University City. Furthermore, residents are in proximity to various public transportation options along SEPTA’s Market-Frankford line via the 30th Street Station and the 19th Street Trolley Station.

Residences at The Republic average 695 square feet and feature nine-foot ceilings, quartz countertops, stainless steel appliances, luxury wood-style flooring, spacious closets, full-sized washer/dryers and oversized windows with stunning views. Previous ownership renovated 84 units and Sentinel has identified a significant value-add opportunity to renovate the remaining 60 units to drive rent growth while retaining a notable value compared to top-of-the-market properties in Center City.

The acquisitions received coverage in a number of publications:
Philadelphia Business Journal
Bisnow
Multifamily Executive

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

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The Retreat at Cinco Ranch features a resort-style pool with a sundeck and lounge area, overlooked by the well-appointed Clubhouse.

Sentinel has recently acquired The Retreat at Cinco Ranch, a 268-unit garden-style apartment community in the desirable Cinco Ranch submarket of Katy, TX, just west of Houston.

Originally constructed in 2008, The Retreat at Cinco Ranch comprises 12 three-story residential buildings consisting of one-, two- and three-bedroom apartments averaging 943 square feet. The first floor of the complex underwent a substantial renovation in 2019, which included the installation of modern appliances and upgraded finishes – including new kitchen and bathroom cabinetry, quartz countertops, the addition of tile in kitchen backsplashes and bathroom showers, and wood-style flooring in living areas. Following the transaction, Sentinel intends to realize additional value by expanding the capital improvement program to replace legacy finishes on the second and third floors.

Community amenities include a modern clubhouse with a fitness center, an indoor cycling studio, a resident lounge with a kitchen and coffee bar, a business center, and package lockers, a resort-style swimming pool with a sundeck and lounge area, outdoor grilling stations and a playground with a picnic area.

The Retreat at Cinco Ranch is optimally located amid some of Houston’s most upscale residential neighborhoods and within the top-ranked Katy Independent School District, enjoying access to several lifestyle, retail and restaurant destinations along Mason Road. The property offers convenient access to Houston’s energy corridor along Interstate 10, which is home to the North American Headquarters for Shell, CITGO and BP, among others. Major employers in the area also include MD Anderson Cancer Center, Texas Children’s Hospital and GEICO.

Sentinel has been active in the Houston market throughout its 53-year history and currently owns and operates three properties nearby, 3000 Sage Apartments, The Lodge at Cypresswood Apartments and Everlee Apartments, providing enhanced competitive positioning in the submarket. We will continue to leverage our market expertise and deep industry relationships to identify attractive investment opportunities and expand our portfolio in the region.

The acquisition received coverage in:
Multi-Housing News
REBusiness Online
Bisnow
Community Impact
Houston Chronicle

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

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