Multifamilybiz-com News

JACKSONVILLE, FL - Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, recently hosted a ribbon cutting for Terrassa, a 324-unit Class A multifamily community that is part of the redevelopment of the former St. Augustine Outlets property located off I-95 in the growing market of St. Augustine. The first Terrassa residents began moving in in September 2025. "We're excited to celebrate the official opening of Terrassa and welcome residents to a thoughtfully designed community in one of Florida's most sought-after coastal markets," said Angie Atkins, senior vice president of community management for Thompson Thrift. "Terrassa complement's the charm and character that define St. Augustine while delivering a modern, […]

HOUSTON, TX - Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of Gables Post Oak in Houston, TX. The successful close represents the 17th investment in Knightvest's Fund II. The 316-unit mid-rise community is located in the desirable Post Oak submarket of Houston, situated between the prestigious River Oaks neighborhood and the Uptown Business district. Knightvest will implement a comprehensive renovation program with planned improvements to the leasing center, fitness center, and resident lounges. Knightvest will also fully renovate the majority of the unit interiors. As part of the renovation efforts, Knightvest has renamed the community to Hollings Post Oak. "Hollings Post Oak is a rare find and a high-quality community in one of […]

PHOENIX, AZ - The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the financial closing and groundbreaking of an upscale, 353-unit multifamily development within Medina Station, a 60‑acre master planned community in Mesa, Arizona. The four‑story, elevator‑served community will be built on a 10‑acre parcel in the northeast quadrant of the master plan, bringing thoughtfully designed apartment homes to families, working professionals and students in one of the fastest‑growing corridors in the Southeast Valley of the Phoenix metropolitan area. Project financing was provided by Origin Investments as the equity partner, with debt capital from lender U.S. Bank. This represents the first investment for Origin s Select […]

IRVINE, CA - MBK Rental Living, a preeminent lifestyle developer of apartment communities, announced that it has successfully executed the sale of its Esperanza at Duarte Station, a 344-unit new transit-oriented Class A apartment community in Duarte, California, to an undisclosed buyer. Developed as a joint venture of MBK Rental Living and Haseko Corporation, Esperanza reflects the persistent demand for high‑quality, amenity‑rich communities that align with what today's residents value most in their living experience. "At MBK Rental Living, we believe great communities are built around people, not just buildings. Esperanza at Duarte Station brings that belief to life through intentional design, dynamic rooftop amenities, inviting courtyards, and immersive, year-round resident […]

TEMPE, AZ - Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced that move-ins are underway at Modera Rio Salado, a contemporary mixed-use community in the Tempe Town Lake neighborhood. The podium-style community, which features 319 homes and 3,500 square feet of retail space, is positioned directly across from 225-acre Tempe Town Lake, the Tempe Center for the Arts and the Tempe IDEA Biotech campus. Positioned just south of Loop 202 on the north end of Tempe, the location provides prime connectivity to Arizona State University, 25 acres of Tempe Beach Park, 12 million square feet of office space, high-end retail and a variety of dining options. "We're excited to welcome our first residents to […]

VERO BEACH, FL - Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, hosted a ribbon cutting for Verity, a 276-unit Class A multifamily community in Vero Beach. Resident move-ins began in July 2025, while construction was completed in January 2026. "Celebrating the opening of Verity is a proud moment for our entire team," said Angie Atkins, senior vice president of community management for Thompson Thrift. "Verity is a thoughtfully designed community where beautiful homes, well-planned amenities and inviting shared spaces come together to create a place residents are proud to call home." Located off 11th Drive, Verity spans more than 18 acres and consists of three-story buildings offering one-, two- and […]

BOULDER, CO - Brickstone Partners, a full-service real estate investment and development firm based in Franklin, Tenn., announced that CEO Daniel Otis has acquired complete ownership and control of The Lodge at Boulder, a luxury 371 bed student housing community located at 2900 E. Aurora Avenue in Boulder, Colo and serving the University of Colorado Boulder. Cornerstone, Otis' family office, played an instrumental role in acquiring the membership interest previously held by Deutsche Finance America (DFA). "The Lodge has been a mainstay of our student housing platform in Boulder for many years, and we remain committed to providing exceptional living experiences for the University of Colorado students," Otis said. "Completing this transaction allows us to continue investing in both the […]

LARGO, FL - Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on Olea on 126 Apartments, a new 144-unit affordable housing complex for families in Largo, Florida, marking LAC's latest ground-up construction project in Southwest Florida. "Olea on 126 addresses a critical need in Pinellas County by providing quality housing options for families across multiple income levels," said Jordan Richter, LAC Vice President and Regional Project Partner. "LAC is excited to bring a development to Largo that combines affordability with quality amenities that help families thrive and build community connections." Olea on 126 will feature a mix of two-, three- and four-bedroom apartments across three four-story buildings. The community will […]

LAS VEGAS, NV - Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced that it has sponsored the purchase of Fairways on Green Valley, a 320-unit garden-style community in Henderson, Neveda. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the community, which is located in the charming Green Valley South neighborhood and adjacent to The Legacy Golf Club. "We've long admired the Henderson submarket, and we're very excited to re-enter the market at a time when we see so much upside," said David Nelson, president and chief investment officer at Hamilton Zanze. "Given the minimal supply, diverse employment base and resilient renter demographic, rental fundamentals in Green Valley South are and will continue to be […]

KANSAS CITY, MO - Cavan Companies announced its expansion into Kansas City, Missouri with the development of The Bungalows at Maple Woods, a 153-unit single-story Build-to-Rent community located at the northeast corner of Highway 152 and NE Barry Road in Kansas City's Northland corridor. Horizontal construction is projected to begin in June 2026, with vertical construction anticipated six to eight months thereafter. The new community marks a strategic addition to Cavan's growing Midwest platform and reflects the company's continued focus on markets demonstrating durable renter demand and disciplined supply pipelines. Kansas City's multifamily fundamentals remain steady, with rents growing approximately 3 to 4 percent annually and occupancy near 93 percent. New supply represents roughly […]

HOUSTON, TX - National multifamily developer Wood Partners announced the official groundbreaking of Alta Timberline in Tomball, Texas, a suburb outside of Houston. The 204-unit luxury multifamily community is set to deliver in May 2027. Alta Timberline sits at the transition between Houston's urban fabric and the piney woods of Northwest Harris County. The name Timberline is a nod to the surrounding tall pines, wooded corridors and the semi-rural, green character that distinguishes Tomball from inner-loop Houston submarkets. "This project reflects our commitment to delivering high-quality housing in locations that give residents direct access to community offerings, while also providing premium amenities and thoughtful design," said Bart Barrett, managing director at Wood Partners. […]

SAVANNAH, GA - Henderson Park, the international private equity real estate firm with US headquarters in Charleston, South Carolina and Green Room Partners, a Charleston-based real estate development and investment firm focused on the acquisition and development of Build-to-Rent, multifamily, and specialty retail properties across the Southeast., have acquired Pointe Grand, a 288-unit garden-style multifamily housing community located in the high-growth Port Wentworth submarket of Savannah, Georgia. Built in 2021, Pointe Grand's garden style product sits on 36 acres and features modern finishes, including stainless steel appliances, quartz countertops, and white cabinetry. Resident amenities include a swimming pool, fitness center, fire pit, dog park, and valet trash service. Pointe Grand […]

BOSTON, MA - Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Allston, a contemporary midrise community in the thriving Lower Allston neighborhood. Modera Allston, which will feature 240 homes, will offer prime access to the vibrant neighborhood, as well as Harvard's Allston campus, which includes Harvard Business School and the new Harvard Enterprise Research Campus. First move-ins are anticipated for early 2028. "The Allston neighborhood has experienced exciting growth and continues to be a sought-after living destination," said Tim Alexander, managing director of development for Mill Creek. "We're excited to appeal to that demand with the development of […]

CHICAGO, IL - Senior Lifestyle, a leading owner, operator and developer of senior living communities nationwide, announced that it has participated with its capital partners in the recent recapitalization of North Shore Place in Northbrook, Illinois, and The Sheridan at Eastside in Snellville, Georgia. Both communities were developed by Senior Lifestyle and continue to be operated by the company following the transaction. "This transaction reflects the quality of these communities and our team's ability to develop and operate at the highest level," said Jon DeLuca, president and CEO of Senior Lifestyle. "It also allows us to deepen our relationships with two established institutional partners while retaining both communities within the Senior Lifestyle family." North Shore Place is a […]

HOUSTON, TX - Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, in partnership with Haseko North America, today announced the development of Allora Fallbrook, a 366-unit, Class A apartment community located along Beltway 8 in northwest Houston. Allora Fallbrook will deliver a high-quality residential experience through efficient floor plans, modern finishes, and lifestyle-oriented amenities. Situated in the established Jersey Village submarket, Allora Fallbrook benefits from limited new multifamily supply and proximity to major employment centers across northwest Houston. The community is located near significant industrial and technology investment in the area, including major facilities associated with Apple, NVIDIA, and Foxconn, and offers […]

BOULDER, CO - Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, announced the sale of Notch66, a 336-unit luxury multifamily community located in Longmont. The Wolff Company, a Scottsdale, Ariz.-based real estate investment and development firm, purchased the property through its core-plus acquisition vehicle for an undisclosed price. Notch66 was developed with equity from Watermark 2021 Development Fund III, LP. Construction began in February 2022 and was completed in June 2024. At the time of sale, Notch66 was 93% leased. "The successful sale of Notch66 reflects our commitment to delivering thoughtfully designed, high-quality communities in vibrant growth markets like Longmont," said Josh Purvis, managing […]

ATLANTA, GA - ECI Group, with joint venture partner Marcus Partners, announces the off-market acquisition of Riverside Parc Apartments, a seven-building, 280-unit garden apartment community at 1925 Waycrest Drive Southwest, in Atlanta, GA. "ECI is thrilled to acquire Riverside Parc with first-time joint venture partner, Marcus Partners," said Peter Miklius, Acquisitions Director at ECI Group. "We are optimistic about the future growth prospects at this property and in the Atlanta apartment market in general, as the current oversupply of apartments is absorbed in 2026. The property is approximately 15 years old, and in mostly original condition, so we plan to modernize the amenities and unit interiors, which will make the property more enjoyable for the residents and be a long-term benefit […]

BOSTON, MA - Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced the acquisition of Boston Bay and Hope Bay, two adjacent affordable housing properties comprising 133 family units located in the Dorchester neighborhood of Boston, Massachusetts. This acquisition marks HVPG's entry into the Massachusetts affordable housing market and expands the firm's footprint across New England. The properties, located at 205 Magnolia Street (Boston Bay) and 5 Norwell Street (Hope Bay), consist of 20 buildings across two scattered sites originally constructed between 1890 and 1920. Total project costs related to this preservation project are approximately $52.5 million, funded with a Fannie Mae loan provided by KeyBank. HVPG is planning […]

RICHMOND, VA - Capital Square, a leading sponsor of tax-advantaged real estate investments and an active developer and manager of housing communities across the nation, has officially opened Chasen, a 352-unit, Class A, multifamily community in Richmond, Virginia's Scott's Addition qualified opportunity zone. This milestone marks the firm's fifth successful opportunity zone development completed in Richmond's premier dining and entertainment neighborhood. The grand opening event featured a host of local dignitaries, including Richmond Mayor Dr. Danny Avula, Katherine Jordan of Richmond City Council, Capital Square Co-CEOs Louis Rogers and Whitson Huffman, and other key partners and development team leaders. After the reception and speeches, attendees toured the building's market-leading […]

ATLANTA, GA - NewStar Exchange, a subsidiary of NEWSTAR, announced that it has acquired Sweetwater Springs, a newly-constructed Class A townhome apartment community in Atlanta, Georgia, and launched a new Delaware Statutory Trust offering for accredited investors. The Property features 95 two-, three- and four-bedroom homes averaging 1,803 square feet. All homes feature attached garages and private balconies or patios. Construction of the community was completed in 2025 and as of closing the Property was 94% leased. Community amenities include a resort-style pool, cabana with restrooms and showers, on-site maintenance and leasing office, playground, and a dog park. Interior finishes feature luxury vinyl plank flooring, granite countertops, and stainless-steel appliances. NEWSTAR Exchange […]