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FCP Completes $41.25 Million Acquisition Through Its Housing Preservation Fund of Cottages of Monroe in Charlotte Submarket

February 13, 2026

CHARLOTTE, NC - FCP announced the $41.25 million acquisition through FCP's Housing Preservation Fund of Cottages of Monroe (formerly Yardly Monroe), a 151-unit cottage-style apartment community in the rapidly growing suburb of Monroe, in Union County, near Charlotte, NC. The one-story, detached and semi-detached cottages were purpose-built in 2024 as a rental community. "The Cottages of Monroe investment supports our fund mandate to maintain affordability in a key growth market," said Summer Haltli, Partner and Co-Founder of the FCP Housing Preservation strategy. "FCP's acquisition of...

Sherman Residential Expands Multifamily Portfolio with Acquisition of 300-Unit The Wrenley Luxury Apartments in Charlotte

Canyon Partners Real Estate and MG Properties Acquire 368-Unit Shift Apartment Community in Popular Downtown Submarket of San Diego

Penzance Expands Multifamily Portfolio with $200 Million in Strategic Acquisitions Totaling 1,100-Units Across Virginia and The Carolinas

Aventine Development and Seawood Builders Break Ground on 302-Unit Arbor House Luxury Apartment Building in Palm Beach Gardens

The Fastest Way to Sign Leases - No Human Required - Lear More

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Automation to Autonomy: 2026 Predictions for The Future of Multifamily Operating Models

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Sherman Residential Expands Multifamily Portfolio with Acquisition of 300-Unit The Wrenley Luxury Apartments in Charlotte

Canyon Partners Real Estate and MG Properties Acquire 368-Unit Shift Apartment Community in Popular Downtown Submarket of San Diego

Penzance Expands Multifamily Portfolio with $200 Million in Strategic Acquisitions Totaling 1,100-Units Across Virginia and The Carolinas

Aventine Development and Seawood Builders Break Ground on 302-Unit Arbor House Luxury Apartment Building in Palm Beach Gardens

MG Properties Acquires 180-Unit Dylan Point Loma Luxury Apartment Community in Highly Sought-After San Diego Neighborhood

Bascom Northwest Ventures Completes $105 Million Sale of 235-Unit Tempo at Riverpark Apartment Community to Hines Led Venture

Lincoln Avenue Communities Breaks Ground on Historic New Affordable Housing Development in New Orleans’ Iconic Bywater Neighborhood

The NRP Group and JPS Health Network Celebrate Opening of First Health and Housing Development in Texas with Thrive on Crawford

Streaming Now

Since 2007, Kerry W. Kirby and Ernest F. Oriente have been trailblazers in podcasting, captivating millions of listeners across the globe. Their award-winning MultifamilyBiz + PowerHour Webcast Series delivers insightful discussions on emerging technologies and trends in multifamily housing.

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Sherman Residential Expands Multifamily Portfolio with Acquisition of 300-Unit The Wrenley Luxury Apartments in Charlotte

February 12, 2026

CHARLOTTE, NC - Sherman Residential acquired Elan Prosperity Village, a Class A multifamily property in Charlotte, NC, and renamed it The Wrenley. The Wrenley is a 300-unit luxury apartment community located in the heart of the rapidly growing Prosperity Village submarket of Charlotte. Situated just off Interstate 485 the property offers exceptional connectivity to major employment centers, with access to more than 300,000 jobs within a 20-minute drive, including Uptown Charlotte, University Research Park, and the Concord industrial corridor. With the recently added Vanguard campus in...

Kerry W. Kirby Breaks Down Predictions for The Future of Autonomous Multifamily Operating Platforms in Latest Podcast Episode

NEW ORLEANS, LA - 365 Connect, the multifamily industry’s leading innovator in AI-driven marketing, leasing, and resident engagement platforms, announced today its CEO, Kerry W. Kirby, has released his latest podcast; Automation to Autonomy: Predictions for The Future of Multifamily Operating...

JPI Breaks Ground on 272-Unit Portico Mixed-Use Multifamily Development in Downtown Long Beach with Highly Attended Ceremony

DALLAS, TX - JPI, a leader in Class A multifamily development, has broken ground on Portico, a 272-unit, mixed-use development in Long Beach, Calif. Today, the company hosted a groundbreaking ceremony to celebrate the $150 million project, commencing the first phase of a 900-unit master plan to...

Altus Equity Group Expands Footprint with Acquisition of Two Multifamily Communities Totaling 279-Units in Lubbock, Texas

Quarterra Delivers 372 Attainable Apartment Units to Dallas-Fort Worth Metroplex with Emblem Ravine in Oak Cliff Neighborhood

The NRP Group and Rockefeller Group Start Lease-Up of 342-Unit Miraluna Apartment Community in South Las Vegas Market

Knightvest Capital Expands Florida Presence with Acquisition of 230-Unit Heritage Estates Apartment Community in East Orlando Corridor

Machine Investment Group Acquires Newly Built 227-Unit Rise 120 Apartment Community in Fast-Growing Austin Submarket of Georgetown

Virga Capital Completes Acquisition of 258-Unit The Beacon at Pfluger Farm Apartment Community in Austin Submarket of Pflugerville

Republic and Esen Announce Partnership to Build New 370-Unit Multifamily Community in Charlotte’s Historic Plaza Midwood Corridor

Hamilton Zanze Completes Disposition of Villages at Parktown Apartment Community in Southeast Houston Submarket of Deer Park

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FCP Completes $41.25 Million Acquisition Through Its Housing Preservation Fund of Cottages of Monroe in Charlotte Submarket

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Sherman Residential Expands Multifamily Portfolio with Acquisition of 300-Unit The Wrenley Luxury Apartments in Charlotte

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FCP Completes $41.25 Million Acquisition Through Its Housing Preservation Fund of Cottages of Monroe in Charlotte Submarket

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Sherman Residential Expands Multifamily Portfolio with Acquisition of 300-Unit The Wrenley Luxury Apartments in Charlotte

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