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Fayetteville North Carolina Development

OREI Lands $47M for North Carolina Project

By Radu Corfus | July 18th, 2023

One Real Estate Investment has obtained $47 million for the construction of The One at Hope Mills, a 360-unit community in Fayetteville, N.C. Berkadia arranged the floating-rate loan that was provided by City National Bank of Florida and Abanca. The developer intends to break ground on the project in the third quarter of this year, with completion scheduled for the second half of 2024. To take shape on some 46 acres at 3680 Elk Road, the garden-style community will encompass 11 three-story buildings incorporating one-, two- and three-bedroom floor plans ranging from 918 to 1,369 square feet, along with a clubhouse. Common-area amenities are expected to include a swimming pool with cabanas, sauna, dog park, fitness center and yoga studio. In total, the property will span 423,127 leasable square feet.

ONE REAL ESTATE ACQUIRES ELITE CROSSING IN DECATUR, GEORGIA

By OREI | April 20th, 2023

Elite Crossing marks the fourth acquisition in OREI’s $250,000,000 ONE Azora Exan Multifamily Fund I, LP. The business plan involves nearly $2 million of capital investment over the hold period through extensive interior and exterior renovations. As part of the modernization of the property, OREI will make upgrades to the clubhouse and pool, landscaping, package lockers, pergola and outdoor kitchen, dog park, fitness center and overall rebranding of the asset.

ONE REAL ESTATE SELLS THE ELEMENT AT UNIVERSITY PARK

By OREI | January 4th, 2023

Through an extensive marketing campaign, the terms of a sale agreement were reached in late Q3 2022. The Element at University Park officially transacted on December 28th, 2022. “The Element at University Park is an attestation of OREI’s ability to reposition an asset in the midst of turbulent conditions and yield sizable risk-adjusted returns to our investors” stated Hirschfeld. “Transforming the asset from predominantly student housing to only a minority student population added value to the asset and resulted in strong returns to our investors.”

DAILY BUSINESS REVIEW NAMES ONE REAL ESTATE INVESTMENT 'BEST MULTIFAMILY DEVELOPER OF 2022' 

By Daily Business Review | November 14th, 2022

OREI has over $1B in AUM with over 7,500 units and has acquired and sold over 10,000 value-add multifamily units since its inception. In 2022 OREI broke ground on over 800 units and has over 1,500 units planned for 2023. The development strategy is focused on garden style apartment communities throughout the Southeast.

ONE REAL ESTATE INVESTMENT PURCHASES THE COBB TOWNHOMES IN AUSTELL, GEORGIA

By OREI | September 16th, 2022

OREI announces the purchase of a 232-unit apartment community in Atlanta, Georgia. The Cobb Townhomes marks the third acquisition in OREI’s ONE Azora Exan Multifamily Fund I, LP. The Cobb Townhomes was built in 1975 and is located at 7440 Riverside Pkwy, Austell, Georgia.

NEW DEVELOPMENTS: OREI ANNOUNCES GROUNDBREAKING OF 264-UNIT APARTMENT COMMUNITY IN FAYETTEVILLE

By OREI | August 31st, 2022

Jeronimo Hirschfeld, President, and CEO of One Real Estate Investment (OREI), has announced the groundbreaking of a 264-unit apartment community in Fayetteville, North Carolina. The One at Fayetteville marks the expansion of OREI’s development projects after the completion this year of Strata Wynwood, a mixed-use development with 256 residential units, 60,000 square feet of office space, and 30,000 square feet of retail in Wynwood, Miami.

One Real Estate Investment Purchases Villas de Santa Fe, 208 Unit Apartment Community in San Antonio, TX

By OREI | May 11, 2022

Villas de Santa Fe is a 1982 build Class B multifamily property located at 3601 Magic Dr, San Antonio, Texas. The asset is conveniently located amidst a hub of healthcare, education, and research entities as it is less than one mile from the South Texas Medical Center, a 900-acre campus which employs nearly 60,000 people and is underway on a $1.15 Billion master plan expansion. Other notable employers within a 10-mile radius of Villas de Santa Fe include the National Security Agency, Central Security Service, Southwest Research Institute, USAA, University Health, and Valero which employ over 80,000 people. The asset is just 0.2 miles from the I-10 and 0.4 miles from the I-410, the two primary freeways throughout San Antonio.

One Real Estate Investment ACQUIRES THE FREDD, A 279 Unit Community in San Antonio, Texas

By OREI | May 10, 2022
The Fredd is a 1973 build Class B multifamily property located at 9109 Dartbrook Dr, San Antonio, Texas. The asset is conveniently located less than one mile from the South Texas Medical Center, which employs nearly 60,000 people and is currently undergoing a $1.15 Billion expansion project. Additionally within a 10-mile radius of the project is the National Security Agency, Central Security Service Headquarters, Southwest Research Institute, USAA, University Health, and Valero which combined employ over 80,000 people. The asset also provides advantageous access to several freeways, including I-410, which loops San Antonio, and the I-10. The substantial market growth within the last twelve months has shown proven demand for a value-add program OREI will implement consisting of interior and exterior renovations totaling $3.4M.

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One Real Estate Investment Purchases The Summit, 284 Unit Community in San Antonio, Texas

By OREI | May 09, 2022
The Summit is a 1984 build Class B multifamily property located at 1955 Larkspur Dr, San Antonio, Texas. The asset is located amidst the primary economic hub of San Antonio, as it is within a 10-mile radius of the South Texas Medical Center, National Security Agency, Central Security Service Headquarters, Southwest Research Institute, USAA, University Health, and Valero which combined employ over 140,000 people. The property benefits from convenient access to freeways I-410 and US-281, and proximity to the San Antonio International Airport only 3 miles away. OREI will enhance the common areas and exteriors with a $5.1M renovation initiative.

THE REAL DEAL | Investors Go Wild On Texas Multifamily

By Cindy Widner | May 05, 2022
Miami’s One Real Estate Investment picked up a 360-unit apartment community in an off-market deal in San Antonio. Called Axio, the Class B multifamily property at 8722 Cinnamon Creek Drive was built in 1985. It’s less than a mile from the South Texas Medical Center and within 10 miles of large area employers including the National Security Agency and the Southwest Research Institute. OREI put $6 million into apartment renovations and will enhance common amenities...

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ONE REAL ESTATE ACQUIRES 360 UNIT APARTMENT COMMUNITY, AXIO OF SAN ANTONIO, TX

By OREI | May 05, 2022
Axio is a 1985 build Class B multifamily property located at 8722 Cinnamon Creek Dr, San Antonio, Texas. The asset is less than one mile from the South Texas Medical Center and within a 10-mile radius of the National Security Agency, Central Security Service Headquarters, and Southwest Research Institute, which together employ over 135,000 people. The convenient location provides residents access to I-410, which circumnavigates San Antonio, and the I-10. The combination of the 1985 vintage and substantial market growth allows for OREI to complete a significant value-add program consisting of interior and exterior renovations of nearly $6.0M.

ARCHIVE

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One Real Estate Investment Acquires Liberty Club 240 Units at Hinesville, Georgia

By OREI | December 02, 2021
Liberty Club Apartments was recently built in 2020 and is located at 915 General Stewart Way, Hinesville, Georgia. The asset is located less than 3 miles from Fort Stewart Army Airfield, the largest United States Army installation by area east of the Mississippi River. The property benefits from convenient access to US-84, the primary retail thorough fare in Hinesville. Delivered in January 2020, Liberty Club is the newest garden style multifamily development in the market. Over the past 3 years, market fundamentals have exhibited strong growth patterns with 10% market occupancy growth from Q1 2018 to Q3 2021. With market occupancy above 95%, Liberty Club will benefit from its contemporary design and numerous amenities, as demand outpaces supply.

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One Real Estate Investment acquires Canyon Grove, 30 Unit Community In Dallas, Texas

By OREI | August 30, 2021
Canyon Grove Apartments was built in 1983 and is located at 1960 W Tarrant Rd, Grand Prairie, TX. The asset is situated in the center of Dallas-Fort Worth and provides exceptional access to transportation networks allowing for drives of less than 15 minutes to the DFW International Airport, 20 minutes to Downtown Dallas, and 25 minutes to Downtown Fort Worth. The area is considered an innovation hub with a low cost of living, attractive quality of life, skilled labor-force, pro-business mindset, and strong regional and state economies making it an ideal location. The centralized footprint and world-class transportation infrastructure also contribute to its robust economic identity. OREI will complete exterior and amenity enhancements...

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Jeronimo Hirshfeld on Multifamily Model: Safe, Profitable and Value-added Business

By OREI | July 20, 2021
Jeronimo Hirschfeld, Founder and CEO of ONE Real Estate Investment (OREI) , details that although the real estate industry has shown strength throughout the different crises, the housing sector has been one of the most stable. For this reason, it has also become one of the most attractive markets, mainly the multifamily market , in which he has more than 20 years of experience.

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One Real Estate Nabs $52m In Debt For Two Charlotte Multifamily Acquisitions

By OREI | July 20, 2021
One Real Estate Investment has secured about $51.5 million in debt, as well as $13.1 million in equity, to fund two multifamily purchases in Charlotte, N.C., Commercial Observer has learned. Voya Financial provided a $31.3 million, three-year, floating-rate and full-term, interest-only loan to help facilitate OREI’s $36.3 million acquisition of The Kelston, a 310-unit apartment community located at 1207 Kelston Place, about seven miles east of downtown Charlotte.

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REB+ Summit Miami Was A Success At Quadro Miami Design District

By OREI | July 20, 2021
Recently Quadro Miami Design District hosted a business summit to help reinvigorate business relationships in Miami, FL. The Miami real estate market has shown incredible recovery from the pandemic thanks to incentives and the immediate response from the government to accelerate the implementation of vaccines as a way of reopening business. There has also been a major influx of people and businesses moving to Miami due to these incentives as well as the attractive model of taxes and the "fun in the sun" lifestyle of the city.

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Multifamily Model continues upward trend In 2021

By OREI | July 20, 2021
Real estate assets have always been considered one of the best investments that provide attractive returns, mainly in crisis situations in which the real estate market has been resilient. Such is the case of the residential sector, which remained stable during 2020 and has registered an upward trend at the end of the same year and early 2021 . Result of the natural need for housing and the importance it acquired during the multiple confinements. Various specialists highlight that the multifamily or residential rental model is one of the most strengthened after the events of last year, since it allows granting housing to those who cannot or do not wish to purchase a property at that time.

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OREI acquires Azure at Riverside 267 units at Austell, Georgia

By OREI | July 04, 2021
Azure at Riverside was built in 1979, and is located at 648 Whisper Lane, Austell, GA 30168. The asset is situated in the rapidly expanding Atlanta MSA, and is only 11 miles from downtown Atlanta. OREI intends to complete exterior and amenity enhancements including, but not limited to, leasing office renovations, pool area, new dog park, landscaping, and BBQ grills with picnic area. In addition to exteriors, OREI will implement an interior value-add program upgrading appliances, cabinets, lighting and plumbing fixtures, vinyl wood flooring, backsplashes, and resurfacing countertops.

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ONE REAL ESTATE INVESTMENT acquires 222 Unit Apartment at Lotus Village in Austin, Texas

By OREI | July 04, 2021
Lotus Village Apartments was built in 2012 and is located at 300 Ferguson Dr, Austin, TX 78753. The asset is situated in the rapidly expanding North Lamar Corridor and benefits from its proximity to several economic drivers like downtown Austin, Tech Ridge Center, and The Domain, a 300-acre master-planned retail and employment hub dubbed Austin's second downtown. OREI will complete exterior and amenity enhancements including, but not limited to, the leasing office, fitness center, pool, dog park, and landscaping. In addition to exteriors, OREI will implement an interior value-add program upgrading lighting and plumbing fixtures, cabinets, hardware, and backsplashes.

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OREI Acquires THE AVALON, 240 Units in Charlotte, North Carolina

By OREI | July 04, 2021
The Avalon will undergo a light value-add program that will improve the appeal of its buildings and amenities. Improvements include the renovation of the current clubhouse, a refurbished pool, and revamped landscaping. Additionally, OREI plans to implement an interior unit renovation program to modernize each unit by adding granite counters, contemporary cabinets, and new appliances. The complete renovation program will effectively lift the standard of living for all residents in the community.

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ONE REAL ESTATE CO-DEVELOPER ON WYNWOOD SQUARE 12TH FLOOR PROJECT

By OREI | December 30, 2020
Wynwood Square, a 12-floor mixed use development featuring 257 apartments, 60,000 square feet of office space and 35,000 sf of retail. The project broke ground in September 2019 and achieved completion of all 12 floors as of mid-May. One Real Estate Investment is a co-developer and General Partner on the project.

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OREI Acquires The Kelston Apartments a 310 Unit 1986 vintage apartment community in Charlotte, North Carolina

By OREI | December 11, 2020
Conveniently located at 1207 Kelston Pl, The Kelston is only 7 miles away or a 13-minute drive from Downtown Charlotte. OREI plans to modernize The Kelston through a light value-add program which includes a brand-new clubhouse, a revamp of building exteriors, and the addition of new amenities including a pool and a dog park. Additionally, OREI plans to implement an interior unit renovation program to modernize the units by adding granite counters, contemporary cabinets, and new appliances. The complete renovation program will effectively lift the standard of living for all residents in the community.

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One Real Estate Investment Acquires La Villita Apartments, A 308 unit COMMUNITY IN HOUSTON, TX

By OREI | December 02, 2020
La Villita Apartments built in 1981 is located at 5959 Bonhomme Rd, Houston, TX 77036 is conveniently located in Sharpstown submarket, just 11 miles southwest of Downtown Houston. OREI intends to do exterior and amenity renovations which include but are not limited to updating the clubhouse, laundry centers, perimeter fencing, asphalt, and mail area. In addition to exteriors, OREI will implement an interior unit renovation program including upgraded kitchen appliances, resurfaced cabinets, upgraded lighting and plumbing fixtures, and kitchen backsplashes. One Real Estate Investment has 3 assets, 623 units, within 6 miles of La Villita.

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One Real Estate Investment Acquires Westchase Apartments & Whitney Manor

By OREI | September 17, 2020
Jeronimo Hirschfeld announced the purchase of a two asset, 579-unit apartment community portfolio in New Orleans, Louisiana. The portfolio is composed of two distinct properties, Whitney Manor (199 units) located at 1117 Whitney Ave, Gretna, LA 70056 and Westchase Apartments (380 units) located at 1013 Manhattan Blvd, Harvey, LA 70058. Built in 1975, these assets are conveniently situated 7 miles from Downtown New Orleans and the Historical French Quarter.

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One Real Estate Investment Acquires Ardmore Pointe

By OREI | September 17, 2020
OREI, announced the purchase of a 291-unit Class B multifamily community in Fayetteville, North Carolina. Ardmore Pointe, built in 2012, is located at 3325 Oak Forest Dr, Fayetteville, NC 28314. The asset is located 6 miles away from the largest military base in the United States, Fort Bragg, which has over 57,000 military personal and employs 14,000 civilians. OREI intends to do exterior and amenity renovations.

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Berkadia Arranges Debt & Equity for Acquisition of Apartments near Texas A&M University

By OREI | MAY 16, 2020
Berkadia announces it has secured debt and equity for the acquisition of the 192-unit Element at University Park in College Station, Texas. Senior Managing Director Mitch Sinberg of Berkadia’s Boca Raton office and Managing Director Brad Williamson of Berkadia’s Miami office secured a senior loan on behalf of One Real Estate Investment (OREI), a real estate investment and asset management firm based in Miami. Berkadia’s Joint Venture Equity and Structured Capital Group in New York, led by Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick, lined up an institutional quality equity partner to complete the equity stack with an investment through Electra Capital.