The Reserve of Foley is breaking ground Fall of 2017. We will have our clubhouse open by Spring of 2018 to begin our pre-leasing. Occupancy shall begin Summer of 2018.
PROVO, Utah (Aug. 14, 2017) – Peak Capital Partners, a Utah-based apartment investment and management company, today announced it has closed on The Charleston apartments in Memphis, Tenn.
Peak purchased the property from Tennessee-based Wesscorp Investments, LP, which is owned by Wes Misenhelter.
The charming 284 unit community is projected for completion in November 2016. Wes Misenhelter, owner of WessCorp Communities describes the development as a low density project consisting of twelve units per acre with spacious apartments and high quality interior finishes. One bedrooms are over 900 sq. ft. with 2 or 3 bedroom units averaging nearly 1,200 sq. ft. The entrance has two serene water features with large fountains and the development has ample green spaces for resident activities. The lease up of the project has been highly successful under the direction of Brianna Mann and Rose Ann Houge of Peak Management Group, with occupancy approaching sixty percent after only 5 months of leasing activity.
A $30 Million mulitfamily community is beginning to take shape on the east side of Houston Levee just south of U.S. 64 in Memphis.
WessCorp Construction Services, Inc. began construction on a $30 million project called The Charleston, an apartment community southest of the intersection of Houston Levee and Hwy. 64.
An affiliate of Lakeland-based real estate company WESSCORP Communities has paid $1.3 million for about 30 acres of vacant land in Northeast Memphis near Arlington.
BankTennessee is backing a new indoor soccer complex planned for Shelby County.
The owner of the 276-unit Orleans at Walnut Grove Apartments in Cordova has filed a $23 million loan for the property.
Marion Planning and Zoning Commission approved plans for the owner of an apartment complex to add some new one- and three-bedroom apartments, as well as some new garages and upgrades to the facilities.