For more than a decade, we’ve focused on making keen investments, bringing an owner’s focus for quality to all stages of our development process, and delivering excellent execution from acquistion through lease-up and beyond. Our Case Studies highlight different aspects of our investment, acquisition, management and development prcoess and provide examples of projects we’ve we’ve delivered beyond expectation.
RangeWater acquired Velocity in the Gulch, a fractured condominium development in Nashville, TN, in 2011. With only 42 of the 264 units sold, a bank consortium had foreclosed on the construction loan. It had many things RangeWater looks for: walkability in a mixed-use and in-town environmentally-friendly redevelopment; a location near employers, universities and entertainment; and exceptional luxury amenities.
In 2012, RangeWater acquired Colonial Homes, a landmark rental community in Atlanta’s affluent Buckhead neighborhood, with a repeat capital partner. It is one block from Peachtree Road on both the world-famous Bobby Jones golf course and The Beltline – a network of in-town walking and hiking trails.
STEELWORKS was completed in 2015 and provided residents with top of market amenities including unparalleled access to Atlantic Station, Midtown, and West Midtown. The property is located within Atlantic Station and all 1.3MM SF of retail, 1.4MM SF of office, and 11 acres of public parks in the master planned community are walkable to residents. Perfectly positioned between the Midtown Business District (16.2MM SF of office) and West Midtown, residents can also benefit from proximity to work and the boutique retail and Zagat-rated restaurants of West Midtown.
STEELHOUSE apartments opened in 2012, providing great living spaces and exceptional amenities in the Gateway to downtown Orlando. Amenities appealing to young professions include the rooftop “Steel Lounge,” 24-hour “Steel Fit” fitness center, pool, sundeck, granite countertops etc. The environmentally-friendly community is a transit-oriented development located near the Lynx Central Station and SunRail with energy-efficient heating and air, stormwater control, recycling programs and bike storage.
Solaris Key opened in 2015 and provided one-of-a-kind amenities including a private beach with volleyball court, waterfront pool and clubhouse featuring an oversized fitness center with a separate CrossFit and yoga studio, bocce ball courtyard, gas fire pits, as well as a fenced dog park. Units feature three designer-finish packages, granite and quartz countertops, stainless steel appliances, and vinyl wood-plank flooring.
RangeWater seized the opportunity to acquire 252-unit Polo Glen, one of the most luxurious apartment communities in the Melbourne, Fla. area, in 2013. Florida’s Space Coast has many large employers and affluent young professionals looking for places to live. Built in 2008, the 252-unit gated community is within minutes of Boeing, Patrick Air Force Base, Merritt Square Mall and Melbourne Square Mall. Amenities include attached garages, lakeside views, a heated pool, large fitness center, cyber café, cherry-stained wood cabinets and oversized garden tubs.
RangeWater bought Park 9, which has a great location south of downtown Orlando, in 2011. Amenities included a swimming pool with cabana area, lounge, clubhouse, business center, fitness center and playground. The 356-unit community, located just south of Orlando near several college campuses, employment, shopping and entertainment options, was built in 1998 and in need of updating.
RangeWater bought 447-unit Audubon Village in Tampa’s fast-growing Westshore area in 2011. Built in 1990, it has an excellent location near businesses, the airport, Tampa Bay itself and a causeway to the area’s beautiful beaches. Amenities include lake and bay views, pools, grills, a picnic area, private patios, balconies and screened porches, tennis and racquetball courts, a fitness center, hot tub and dog park.