Multifamily Influencers: Sands Selected As A Top Company

Here are our picks for the top individuals, teams and companies in the multifamily sector.

By Erika Morphy | October 07, 2022 at 07:00 AM

Up until a few months ago, it appeared that multifamily had entered a golden age. Rents were rising, deals were closing and forecasters saw little difficulty in the medium term. To be sure, the asset class is still a strong one but with the rise in the cost of debt, the threat of a possible recession and asset pricing that has become muddled, some uncertainty has been injected into the landscape. For that reason, we give our kudos to the men, women, teams and companies that are navigating this environment. Careful judgments must be made about underwriting, forecasting the ability of tenants to pay higher rents and, for developers, the ongoing difficulties with labor and supply chains. We have little doubt that the recipients we selected for our annual multifamily influencers are up for the challenge.

ORGANIZATIONS
SANDS COMPANIES

Founded in 2014, Sands Cos. was a pioneer in the development concept of building deconstructed apartments. The firm initially focused on delivering a unique product to its home base of Myrtle Beach, SC and then expanded to markets throughout the Southeast and beyond. Its debut detached, horizontal apartment project, ISLE Cottage Apartment Homes, is a 99-unit community that served as a case study for future Sands Cos. developments and proof of concept for investors and capital markets. During the past three years, Sands has dramatically expanded its portfolio from a single development to more than 2,000 units. Led by president and partner Joe Morrison and VP and partner David Wilkes, the firm has an in-house construction arm that allows it to ensure workmanship and craftsmanship on projects as well as on-time, on-budget completion. Sands Cos.’ model delivers horizontal, detached cottages within spacious communities that feature many exclusive amenities. The company’s Seaglass Cottage Apartment Homes in North Myrtle Beach exemplifies the company’s strategy to redefine the SFR genre. The entire community was meticulously planned with homes that purposely face each other, with parking in the rear to encourage walkability throughout the neighborhood. The groups of homes each have their own outdoor amenity to enjoy, such as a courtyard garden, fire pit or lawn games, and they feature carefully thought-out landscaping, with more than $1.2 million spent on lush and fully-grown flowers, greenery, and trees at the community. During the past year, Sands Cos. has hired 20 new employees and it moved into its brand-new headquarters, which is more than double the size of its previous office.

Visit GlobeBest.com | Multifamily Influencers for the complete article.

MHN Excellence Awards 2022 – Seaglass Win Best Design & Development For SFR

December 2, 2022
By The Editors of Multi-Housing News

The MHN team is honored to present the awardees for Lifetime Achievement, Executive of the Year and much more. View our coverage of the event!

Multi-Housing News held its 16th-annual Excellence Awards ceremony, hosted at Resource Furniture in New York City. The celebration was our first in-person event since 2019. At the ceremony, MHN awarded gold, silver and bronze awards to properties, projects and professionals in 34 categories.

This year, MHN honored Tom Bozzuto, chairman, co-founder & chief culture officer of Bozzuto, with the Lifetime Achievement Award, while the Executive of the Year accolade went to Ernesto Lopes of Resia. Stephanie Williams, president of Bozzuto Management Co., accepted the Lifetime Achievement Award on Tom Bozzuto’s behalf.

2022 MHN Excellence Awards Winners:

Best Development & Design: Single Family Rental
Gold: Seaglass Cottage Apartment Homes, Sand Companies

 

For a Complete List of Award Winners Visit: https://www.multihousingnews.com/mhn-announces-2022-excellence-award-winners/

Real Estate Weekly – Sands Begins Construction On Seaglass Phase II

Sands Companies, a full-service, vertically integrated multifamily development and construction firm, began construction on the second phase of Seaglass Cottage Apartment Homes in North Myrtle Beach, South Carolina. This phase of the horizontal cottage-style apartment homes brings 99 additional units to the already completed 349-unit first phase of the community.

Located on Doveshell Drive, the second phase of Seaglass Cottage Apartment Homes, part of the charming and established Barefoot Landing Resort in North Myrtle Beach, will include 92 one- and two-story cottages consisting of two and three-bedroom units ranging from 924 square feet to 1,633 square feet. The project is expected to be completed in the winter of 2024.

“We’re delighted to expand this already desirable community of cottage homes in Myrtle Beach,” said Sands President Joe Morrison. “We love redefining what a rental home means and making rental units feel like anything but. The second phase of Seaglass features amenities that are unheard of in the industry. We can’t wait to see what our residents think of them!”

The second phase of Seaglass begins as phase one reaches 100% occupancy and will feature unique amenities compared to traditional rental communities on the market. Individual units will feature first-of-its-kind private splash pools, pet yards and attached garages in select homes. Other interior features include open floorplans with high ceilings, luxury plank flooring and large kitchen islands.

Community amenities live up to its coastal and relaxed aesthetic with a resort-inspired pool with a sun deck, courtyards throughout the community, a private beach located on the property as well as shuttle access to Myrtle Beach.

Sands Companies Expands Into Florida Market New 212 Build-to-Rent Cottage-Style Apartment Home Development in Gainesville

NOVEMBER 23, 2022

MYRTLE BEACH, SC – Sands Companies, a full-service, vertically integrated multifamily development and construction firm based in South Carolina, is expanding into the Florida market with a new build-to-rent (BTR) development in Gainesville. The firm has acquired a 22-acre site in a Gainesville suburb and plans to build 212 cottage-style apartment homes there.

A leading developer in the BTR sector, Sands first introduced the concept to build detached, horizontal apartments in 2014, many years before the model was adopted by others in the multifamily industry. With this new project, Sands is bringing the model it has perfected in the Carolinas and Georgia to the Sunshine State.

Sands will construct one, two and three-bedroom cottages ranging from 510 to 1,693 square feet. Interior features include chef-inspired kitchens; stainless steel appliances; modern white cabinetry; spacious granite countertops; in-home washer and dryer units; walk-in closets; designer lighting packages and ceiling fans. Select units will have large kitchen islands; kitchen pantries; dual sinks in master bathrooms; private, fenced-in yards; and attached garages.

The Gainesville project will be rich in amenities, including a 5,000-square-foot resident clubhouse; resort-style pool with a sundeck; relaxing cabanas adjacent to the pool; outdoor fire pit; outdoor kitchen with two gas grills; state-of-the-art fitness center with interactive fitness mirrors and a flex room; and private workstations.

“We were aggressively targeting opportunities to expand into Florida, and Gainesville is the perfect submarket to do so,” Sands President Joe Morrison said. “Gainesville’s demographics – particularly when it comes to job and population growth are similar to the Sun Belt areas we currently develop in. We continue to pursue site acquisitions throughout Florida.”

Located within Alachua County’s Town of Newberry, the project site is only 15 minutes from the Gainesville Regional Airport and 11 miles from downtown Gainesville. It has easy access to I-75.

Gainesville’s population grew 13.5% from 2010 to 2020, according to the U.S. Census Bureau. Area unemployment was a scant 2.8% in August 2022. These broader trends are creating substantial demand for new housing to accommodate Gainesville’s growth.

About Sands Companies: Sands Companies was founded in 2014 based on the mission to build homes in neighborhoods that enrich the community. Sands’ developments are designed with quality craftsmanship and a vision that is ahead of the curve in the multi-family industry. Sands’ reputation is built on integrity, discipline and enthusiasm that stand as the foundation for every home we build. It is with that foundation we maintain a relationship of trust with every homeowner, team member and project expert that we encounter. For more information, visit www.sandscompanies.com

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