Multifamilybiz-com News

WALDORF, MD - North Bethesda, Maryland-based CAPREIT, a fully integrated real estate operating company responsible for the ownership and management of more than $6 billion of multifamily assets in the U.S., announced it has acquired two apartment communities in Charles County featuring a combined 360 homes. The workforce-housing communities, Palmer Apartments and Smallwood Gardens, are adjacent to one another, just south of St. Charles Parkway in south Waldorf. CAPREIT is set to undertake a series of capital improvements on the properties, designed to elevate them to a premier choice for the discerning modern workforce renter. "As a leading workforce and affordable housing provider, we are always aiming to grow our portfolio in stable markets," said Andrew Kadish, CEO of CAPREIT. "We're […]

HOUSTON, TX - Hanover Company has closed its Hanover Opportunities Fund (HOF) at $125 million in capital commitments and is actively acquiring land and underutilized commercial properties, such as vacant buildings and distressed office assets, for redevelopment into multifamily or industrial projects. HOF can close acquisitions quickly, with or without entitlements in place, and offers flexible deal structures to accommodate sellers. For site owners, lenders, and intermediaries, HOF can offer quick-close, all-cash solutions with a trusted development sponsor, said Brandt Bowden, CEO of Hanover. Rather than acquiring stabilized assets, HOF targets early-stage opportunities that can be executed through Hanover s vertically integrated development platform. Today s real estate environment […]

ARVADA, CO - Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a groundbreaking ceremony at the future site of Marshall Pointe Apartments, a four-story, 260-unit affordable housing community in Arvada, Colorado expected to begin leasing in September 2026. "We are proud to commence work today on LAC's second ground-up development in the Denver metro area," said Ben Taylor, LAC vice president and project partner. "Marshall Pointe will provide high-quality, affordable housing for families in one of Colorado's fastest-growing communities." Comprised of mostly one- and two-bedroom units, Marshall Pointe will lease its units to residents earning between 30% and 70% of the Area Median Income (AMI). Communal amenities will include two […]

SARASOTA, FL - Wolfson BTR, Florida s first large-scale Build-to-Rent (BTR) developer, announced it has officially broken ground on Symphony Lakes, a fully-amenitized 274-unit Build-to-Rent community located strategically between the Sarasota / Bradenton and Tampa / St. Petersburg metropolitan areas. Spread across approximately 50 acres, Symphony Lakes is a two-phase development featuring 3- and 4-bedroom townhomes and 4-bedroom detached single-family homes, each with private backyards and attached garages. Phase I will deliver 220 townhomes and 18 single-family homes, while Phase II will bring an additional 54 townhomes to the community. The project will offer a full suite of lifestyle amenities, including a resident clubhouse, fitness center, resort-style pool, playground, meeting […]

NORFOLK, VA - The Port at East Beach, a premier waterfront multifamily community, has successfully completed its initial lease-up in less than eight months, exceeding expectations despite construction delays. Professionally managed and leased by Drucker + Falk, this achievement underscores the team's ability to navigate challenges in a highly competitive market. This newly constructed apartment community offers a sophisticated living experience with one-, two-, and three-bedroom floor plans featuring high-end apartment interior finishes and stunning water views. Residents enjoy exceptional amenities including a resort-style pool, convenient grilling areas, and inviting lounge spaces with amazing water vistas. The resident clubhouse provides a perfect gathering spot, complemented by a […]

LAC DU FLAMBEAU, WI - Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand opening ceremony for Forest Edge Apartments, a 40-unit, townhouse-style affordable housing development in Lac du Flambeau. "We are proud to partner with Cinnaire Solutions and Wisconsin Management Company to bring high-quality, affordable housing to the heart of the Wisconsin Northwoods," said Kevin McDonell, LAC Vice President and Regional Project Partner. "Forest Edge Apartments will support the local economy by giving workers and families a place to call home." Forest Edge Apartments features a mix of two- and three-bedroom homes with energy-efficient appliances, large closets, and complimentary internet packages for residents. The majority of units will […]

ANNA, TX - Bridge Tower marked a major milestone with the grand opening of the Amenity Center at The Reserve at Arden Park, officially welcoming residents, partners, and city officials to the new construction Build-to-Rent community. Located in the heart of Anna, a city rapidly emerging as a residential hotspot just north of McKinney, the 142-home development introduces a new standard of luxury rental living. The community blends the privacy and space of single-family homes and townhomes with resort-style amenities designed for modern lifestyles. Now open to residents, the Amenity Center features a resort-style pool, indoor/outdoor yoga space, grilling stations, a full gym, a multi-purpose room, pool table, covered patio, and a playground. It also connects directly to the scenic Natural […]

MESA, AZ - Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, the nation's leading builder of luxury homes, in partnership with Canyon Partners Real Estate, announced the grand opening of Navona, a new luxury apartment community in Mesa, Arizona. Located at 10141 East Williams Field Road in Mesa, Navona was financed with a $78 million construction loan from Bank OZK and welcomed its first residents in December 2024. The community marked its grand opening this month with a ribbon cutting celebration with project partners, residents, and guests. Navona reflects our commitment to delivering exceptional living experiences in the most desirable markets, said John McCullough, President of Toll Brothers Apartment Living. Mesa is one of the fastest-growing submarkets in […]

RALEIGH, NC - JAG Management Company continues its portfolio growth in North Carolina with Taryn at 401 in Raleigh, a recently delivered development by Virginia Beach-based RST Development. Taryn at 401 is a 251-unit luxury community set on 24 acres. It is comprised of a mid-rise building, three garden-style buildings, and a clubhouse. Located at 310 Taryn Avenue, residents have direct access to Route 401 straight into Downtown Raleigh. This is the fifth RST Development asset in North Carolina to be operated by JAG Management Company, which also manages three other RST communities in Maryland and Florida. JAG Management Company is an affiliate of Jefferson Apartment Group (JAG). JAG Management Company values our ongoing relationship with RST Development, and we re excited to execute our […]

MARICOPA, AZ - Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on The Ranches at Gunsmoke Apartments, a ground-up development that will provide 271 units for individuals and families in Maricopa earning up to 60% of the Area Median Income. "We are excited to break ground on LAC's first Build-to-Rent development and to partner with WNC & Associates to bring high-quality affordable housing to Arizonans," said Ben Taylor, LAC vice president and project partner. "The Ranches at Gunsmoke will provide sorely needed units in one of the nation's fastest-growing metro areas." The Ranches at Gunsmoke is LAC's first Build-to-Rent (BTR) development and will consist of two- and three-bedroom duplexes and standalone homes, with each unit […]

LOVELAND, CO - Livmark Communities, in partnership with Hillside Commercial Group, announced the next phase of The Bend at Highland Meadows, a thoughtfully designed build-for-rent (BTR) community designed to elevate the standard of modern living in Loveland. This highly anticipated development will introduce 45 additional stacked ranch and townhome units, further expanding this vibrant community. The stacked ranch units will include 2-and-3-bed floorplans and 1-car attached garages. The townhome units will include 2-and-3-bed floorplans with 2-car attached garages. Many units will feature private fenced yards, alongside many thoughtfully-planned open spaces—perfect for pets and outdoor activities. Crafted for those who appreciate quality, innovative design, and a refined lifestyle, The […]

BALTIMORE, MD - The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, partnered with The Henson Development Company (Henson), the City of Baltimore, the Maryland Department of Housing and Community Development (DHCD), and Park Heights Renaissance Community Development Corporation (CDC) to celebrate the ribbon-cutting of The Terraces at Park Heights, a $52 million development delivering 100 affordable one- and two-bedroom homes for seniors in Northwest Baltimore. This milestone marks the first phase of a sweeping transformation of the 17.3-acre Park Heights Master Redevelopment Area (MRA), designed to revitalize a historically under-invested community into a vibrant, mixed-income, multi-generational neighborhood. The master redevelopment plan includes NHPF […]

ATLANTA, GA - Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, hosted a ribbon cutting for The Pullman, a new 276-unit multifamily community in the Atlanta suburb of Union City. The first residents began moving in in March, with construction completion expected at the end of this summer. "The Pullman reflects our commitment to excellence in design, service, and community impact," said Angie Atkins, senior vice president of community management for Thompson Thrift. "By blending modern convenience with elevated design, we're proud to offer a community where residents feel both connected and at home." Located at 4660 Derrick Road SW, in Union City's Holly Brook neighborhood, The Pullman consists of garden-style […]

CONROE, TX - Balfour Beatty Communities, a national residential real estate investment and management company, announced the successful acquisition of a premier multifamily community River Pointe, located in Conroe, Texas. Through its affiliates, this is the company s second multifamily property acquisition in the eastern Texas region this year, after purchasing The Leonard located in Denton in February, and aligns with the division s targeted expansion strategy for 2025. River Pointe is a 300-unit, gated, garden-style community offering high-quality living options in one of Texas fastest-growing areas. The property features a range of apartment configurations, including 1-, 2-, and 3-bedroom units, all designed for maximum comfort and convenience. Spacious layouts include large patios, […]

WASHINGTON, DC - Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers (NYSE: TOL), the nation's leading builder of luxury homes, in partnership with CrossHarbor Capital Partners, announced the grand opening of Vermeer, a 13-story luxury apartment community in Washington, D.C. s Buzzard Point neighborhood. Located at 113 Potomac Avenue SW, Vermeer offers 501 thoughtfully designed residences and approximately 37,000 square feet of ground-floor retail space. Construction was financed with a $162.7 million construction loan facility from Bank OZK and began in late 2022. Vermeer welcomed its first residents in December 2024 and celebrated its grand opening in early May with project partners, residents, and guests. Vermeer reflects our vision for modern urban living: an […]

FORT BEND COUNTY, TX - Vista Residential Partners, a national multifamily development firm, has broken ground on 18.2 acres on The Southwest Freeway in Fort Bend County, Texas, for the development of Williams Ranch Vista, a 375-unit multifamily project adjacent to the Williams Ranch development. Located along the I-69 Corridor in Fort Bend County, the Project is approximately 21 miles southwest of the Houston Galleria and 28 miles from downtown Houston. The immediate area has seen explosive growth over the past decade and is expected to add over 150,000 residents by 2030. With an overall A+ rating for area schools and four of the nation's top selling master-planned communities, Fort Bend County's growth is poised to continue, fueled by new families choosing to live in the area. "Williams […]

DENVER, CO - Sentral, the leading Class-A multifamily property management company, announced it has added three communities to its portfolio, Quincy in San Francisco, Reveal Playa Vista in Los Angeles and 24Fifty at University Park in Denver. The trio of amenity-rich residential communities build on Sentral's growing management portfolio of more than $4 billion of Class A multifamily assets across the United States. Quincy expands Sentral's Bay Area presence to seven communities; Reveal Playa Vista is the tenth community in the Los Angeles area and 24Fifty is Sentral's second community in Denver. Quincy, located at 555 Bryant Street in San Francisco, is a new development from Strada Investment Group that will open later this month. Each of the 501 studio, one-bedroom and two-bedroom homes […]

RALEIGH, NC - Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, has broken ground on Aventon NorthRidge, in Raleigh. Located at 6311 Spring Forest Road, the apartment community will encompass 346 units spread over 13 acres and is set to open its doors in early 2027. Aventon NorthRidge will improve upon the success of the neighboring Aventon Companies' community, Aventon Nora, which opened in Fall 2023. Outfitted with Aventon Companies' signature, high-end finishes, Aventon NorthRidge will offer one, two and three-bedroom floorplans. Future residents can look forward to amenities such as a two-story community clubhouse with an expansive remote work lounge, state-of-the-art fitness center and game […]

INDIANAPOLIS, IN - Thompson Thrift, a full-service, nationally recognized real estate company and the master developer of Fishers District, announced that it has officially broken ground on The Union at Fishers District, the final phase of the master-planned development in the Indianapolis suburb of Fishers. This mixed-use development will bring new luxury residences, vibrant retail and office space, and Indiana's first AC Hotel by Marriott to one of the state's fastest-growing cities. "The Union at Fishers District reflects the power of true collaboration across our teams at Thompson Thrift," said Dan Sink, president and chief financial officer at Thompson Thrift Development. "This final phase brings together our deep expertise in construction, residential, and commercial development to […]

FRISCO, TX - Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated developer, property manager and asset manager, announced the start of leasing at The Ansel, its newest luxury community in the heart of Texas. The Ansel, a mid-rise luxury community featuring 355 apartment homes, draws inspiration from its Ansel Adams namesake to create a tranquil connection with nature amid the spirited lifestyle of Frisco. With a canvas of green landscapes surrounded by sophisticated property features and downtown energy, residents of The Ansel have the opportunity to paint their own living experience. "The Ansel was designed to invite in its natural surroundings while capturing a modern vibe through technological conveniences and thoughtfully appointed homes," said Nick […]