DALLAS, TX – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, announced the opening of a 324-unit, mixed-income housing community in Dallas, Texas. Ascent at Mountain Creek is just 15 minutes outside of downtown Dallas, with 50% of the units reserved for individuals and families earning 80% or less than the Area Median Income (AMI).
Located at the intersection of Highway 408 and I-20, Ascent at Mountain Creek offers scenic views of rolling hills and considerable green space and is less than 10 miles from Mountain Creek Lake. The community is also in close proximity to the 450-acre Mountain Creek Business Park, home to companies such as Nestlé, Ulta Beauty and Chewy. Everyday conveniences such as Target, Home Depot and the Methodist Charlton Medical Center are just a 10-minute drive away, along with recreational venues such as Epic Waters Waterpark and Grand Oaks Golf Club. Residents will also have access to ample retail and dining options, as well as major employment hubs in downtown Dallas.
As Dallas-Fort Worth s affordability crisis deepens, Ascent at Mountain Creek provides much-needed housing at a mix of income levels for essential workers, from teachers and nurses, to first responders and public transit operators, said Alena Savera, Vice President of Development at The NRP Group. We re grateful for the partnership and collaboration of the city, which has allowed us to deliver a community that meets the diverse needs of Dallas renters and enhances resident quality of life.
The newly delivered community at 4868 S. Merrifield Road comprises 14 three-story, wood-frame buildings offering a mix of one-, two- and three-bedroom apartments. To meet resident demand for larger units that accommodate work-from-home preferences, den floor plans for one- and two-bedroom units are also available. In-unit features include quartz countertops, backlit mirrors, stainless steel appliances and walk-in closets. Residents can enjoy a variety of community amenities, including a resort-style pool, dog park, state-of-the-art fitness center with a spin room and clubhouse lounge.
There is a pressing need for mixed-income housing in the metroplex, where rising costs are making it harder for residents to find affordable homes, said Keith Pomykal, District 14 Dallas PFC Board Member. Working with The NRP Group has allowed us to deliver the quality and attainable housing our community needs.
The Dallas metro area remains a priority market for The NRP Group. The firm has developed over 6,700 units across 30 properties in the region, and recently broke ground on new affordable housing developments Thrive on Crawford in Fort Worth and The Fielder in Mesquite.

CHARLOTTE, NC – Ginkgo Residential acquired The Preserve at Pine Valley, a 219-unit garden-style apartment community in Wilmington, NC, for $32.1 million in an all-cash transaction. Built in 1974, the property aligns with Ginkgo s value-add strategy, which focuses on the preservation of workforce housing through curb appeal, replacement of aged infrastructure elements, amenity enhancements, and interior renovations. The acquisition was completed in a joint venture between Ginkgo REIT Inc. and J.P. Morgan Real Estate Income Trust.
We remain actively engaged in identifying value-enhancing opportunities for shareholders and anticipate an accelerated acquisition pace this year, with a looming wave of multifamily loan maturities in 2025, said Bill Green, Co-CEO and Principal of Ginkgo Residential.
Located in the heart of Wilmington, the property benefits from strong demographic tailwinds. The city was the 6th fastest-growing MSA in the U.S. from 2020 to 2023, adding roughly 38 new residents per day. Over the next five years, Wilmington is projected to grow by another 10,000 residents annually. Employment has also surged 13.6% over the past five years, more than double the 5.2% national average.
This acquisition is a prime example of our strategy in action—identifying well-located, underperforming assets where we can create meaningful value for both residents and investors, said Kiel Bollero, Director of Acquisitions at Ginkgo Residential.
The property will be owned within Ginkgo REIT Inc., which has delivered an 11.8% annualized total return since its inception in July 2019. The REIT aims to provide investors with stable, tax-efficient income and long-term capital appreciation.

CONSHOHOCKEN, PA – Morgan Properties, the nation s largest private owner of multifamily communities, has acquired a portfolio of 3,054 units across 11 assets in eight Midwest states from Trilogy Real Estate Group. This acquisition, valued at $501 million, marks a significant milestone in the firm s 40-year history as it expands Morgan Properties apartment holdings to over 100,000 units nationwide while continuing to broaden its presence throughout the Midwest.
Surpassing 100,000 units is a defining moment and a testament to the hard work and dedication of our entire organization, who have helped shape Morgan Properties into a best-in-class multifamily owner and operator, said Jonathan Morgan and Jason Morgan, Co-Presidents of Morgan Properties. As we continue to strategically expand our national portfolio, we remain selective and opportunistic in this environment. Morgan Properties has a proven track record of acquiring large portfolios with significant barriers to entry and providing execution certainty.
The communities, located in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Oklahoma, and Tennessee, range in age from 1989 to 2018 and are exceptionally well-located within their respective submarkets.
Morgan Properties has outlined a comprehensive value-add strategy aimed at increasing the marketability and comfort of these properties through physical and operational improvements. Enhancements will include programmatic interior upgrades consisting of new flooring, appliances, cabinets, and countertops, as well as smart home features and an expansion and refresh of on-site amenities.
Morgan Properties now owns and operates over 360 communities in 22 states throughout the country. Through a series of key portfolio acquisitions, the largest of which was a $2.6 billion purchase of 98 communities, the firm’s apartment holdings have more than doubled in the past 6 years under the leadership of Jonathan and Jason Morgan.

ORLANDO, 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 Standard441, a new 300-unit multifamily community in the Orlando suburb of Lady Lake. The first residents began moving in during winter of 2024, with construction completion expected at the end of this summer.
“We’re proud to introduce Standard441 as the newest addition to the Lady Lake community,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “This thoughtfully designed community reflects our commitment to creating comfortable, connected living environments that enhance residents’ daily lives and contribute to a vibrant neighborhood.”
Located off Highway 441 on the northeast side of The Villages master-planned community, the 15.26-acre community will offer one-, two- and three-bedroom apartment homes in three-story buildings. The apartment homes will feature hardwood-style flooring, stainless steel appliances, patio and balcony options, private yard options, upgraded unit options, detached garages and a full-size washer and dryer. Each home will also feature Alexa-compatible smart home packages.
Luxury living will continue throughout the gated community, including a fully equipped fitness center with 24-hour access, resort-style heated swimming pool and outdoor spa, outdoor pool pavilion with a built-in fireplace and grills, pickleball court, putting green and cornhole area, dog park and pet spa, 24-hour social hub, work from home focus suites and electric vehicle charging.
The site is across the street from UF Health The Villages® Hospital, which is the largest and most comprehensive healthcare provider in the region. Nearby Highway 441, which is the main thoroughfare for The Villages, provides residents with convenient access to nearly 3 million square feet of retail, dining and entertainment options, as well as other major employers including Arcosa, Ash Grove, Advent Health Ocala and the U.S. Department of Justice.
The Villages MSA was the #1 fastest-growing metropolitan area in the U.S. during the past decade and projections indicate that the area has the potential to double in total size in coming years.
At the ribbon-cutting ceremony, visitors had the opportunity to tour the model and explore the professionally decorated clubhouse and community amenities. As part of Thompson Thrift’s ongoing commitment to community engagement, they presented a check to the local chapter of Habitat for Humanity to aid their efforts in providing affordable housing for families in need.

DENVER, CO – Avanti Residential, a nationally recognized multifamily investor and operator, proudly announced the formation of its new affiliate, Avanti Residential Housing. This strategic expansion positions Avanti at the forefront of the affordable housing sector, with a particular emphasis on Low-Income Housing Tax Credit (LIHTC) development, acquisition, and preservation.
Guided by its mission to create high-quality, attainable housing while delivering attractive, risk-adjusted returns, Avanti Residential Housing represents a natural evolution of the firm’s commitment to responsible investing. The new, Tampa-based, affiliate will leverage Avanti’s extensive real estate expertise and financial acumen to address the critical shortage of affordable rental housing nationwide.
Spearheading this initiative is Christopher Martiner, a seasoned industry executive with over 30 years of experience and a proven track record in affordable housing finance, development, and investment. Under his leadership, Avanti Residential Housing aims to become a national leader in the production and preservation of affordable multifamily communities, with a focus on maximizing LIHTC equity investments and leveraging public-private partnerships to drive sustainable growth.
“We see a tremendous opportunity to not only expand Avanti’s footprint but also to create long-term value for our investors by addressing one of the most pressing housing challenges in the country,” said Martiner, Managing Partner of Avanti Residential Housing. “With the increasing demand for affordable housing solutions, we are committed to delivering innovative, high-quality communities that serve both residents and stakeholders.”
Avanti Residential Housing will initially focus on high-growth metropolitan markets, leveraging Avanti’s established presence and investment acumen. The company’s approach integrates forward-thinking design, sustainable development practices, and strong community engagement to ensure long-term success.
“The creation of Avanti Residential Housing represents an extension of our core values, enabling us to make a meaningful impact in underserved markets while continuing to provide compelling opportunities for institutional and private investors,” said Christian Garner, President and CEO of Avanti Residential. “Our long-term vision includes the establishment of a nonprofit arm dedicated to furthering our commitment to housing affordability.”
Avanti Residential currently operates a diverse portfolio encompassing approximately 10,000 units across 40 properties in seven states, including Colorado, Kansas, Missouri, Arizona, Florida, Utah, and Tennessee. With the launch of Avanti Residential Housing, the firm is poised to deepen its impact in the affordable housing space while maintaining its reputation for best-in-class multifamily investment and operational excellence.

ITHACA, NY – PeakMade Real Estate and Blue Vista Capital Management, in partnership with W5 Group, recently broke ground on construction for Theory Ithaca, a new apartment development located near Cornell University in downtown Ithaca, NY, aimed to serve Cornell graduate students, university affiliates, and the greater Ithaca community. This project marks the continued expansion of Peak and Blue Vista’s Theory-branded development portfolio in major university markets. Construction financing for Theory Ithaca was provided by Kennedy Wilson.
Upon completion, Theory Ithaca will be comprised of 371 units and 518 beds, offering studio through 3-bedroom floorplans, and 239 parking spaces. The development, scheduled to open for the 2027 academic year, will feature a market-leading amenity package, including rooftop terraces, modern study lounges, a luxury fitness center, and direct access to nature along Six Mile Creek.
“The Cornell University market is one of the most undersupplied student apartment markets in the country especially for graduate students. Theory Ithaca plans to serve this unmet demand with an exceptional project in an irreplaceable location in between Cornell’s campus and downtown Ithaca,” commented Jeff Githens, President of Development at PeakMade Real Estate.
“We are excited to begin construction on Theory Ithaca alongside PeakMade and W5 Group, and look forward to delivering a brand new, high-quality housing option to downtown Ithaca to help bridge the market’s housing gap for students,” commented Jason Schwartz, Managing Principal at Blue Vista Capital Management, LLC.
“Theory Ithaca is a continuation of our Innovative Living strategy, delivering a thoughtfully designed, community-oriented, highly-amenitized living experience in the Cornell University market,” said Ralph Winter, Founder and Principal of W5 Group. “Cornell is one of the world’s most prestigious universities, with an $11 billion endowment and a rapidly growing student population. In partnership with Blue Vista and PeakMade, we are excited to deliver a new state-of-the-art apartment community for the next generation of Cornellians, setting a new standard for residential innovation in the Ivy League.”

BOSTON, MA – National multifamily developer Wood Partners announced the groundbreaking of its latest community, Alta Nashoba Valley, in Bolton, Massachusetts, a suburb outside of Boston. The fully electric community will have a 25% affordable component and is set to deliver first units in December 2025.
Alta Nashoba Valley will be fully electric and will install high-efficiency heat pumps and on-demand hot water systems so that all heating, cooling and cooking will be electric. This approach is new to the Massachusetts market for non-subsidized housing and is more environmentally friendly in comparison to gas-powered facilities. Additionally, Wood Partners, working alongside city officials, is providing funding to complete the construction of the recreational Derby Field, relocate the community garden and contribute to the Memorial Field playground.
The 229-unit community is conveniently located immediately off I-495 at the Bolton Office Park campus and will include a mix of one-, two- and three-bedroom layout designs. The four three-story buildings are thoughtfully designed to reflect the New England-style home and will feature a clubroom, workspaces, a fitness center, a private bar and dining area, a dog park, a playground, EV stations, a pet spa, a resort-style pool, and firepits and grilling areas.
“From the luxurious amenities to the community-driven projects and eco-friendly features, this development sets a new standard for multifamily construction in Massachusetts,” said Kelen Araujo, Development Manager at Wood Partners. “We are very active in the region and remain dedicated to providing high-quality living spaces for the community.”
Within the past year, Wood Partners has started construction on Alta Altitude in Warwick, Rhode Island, Alta Oak & Pine in Londonderry, New Hampshire, and Alta Forge in Abington, Massachusetts, in addition to Alta Nashoba Valley, marking its expansion throughout New England. These multifamily communities will bring more than 900 units of much-needed housing to the region that has seen a shortage of new development.

POOLER, GA – Vista Residential Partners, a national multifamily development firm, has broken ground on 14.8 acres on East Marketplace Way in Pooler, Georgia, for the development of Clear Lake Vista, a 297-unit multifamily project a part of the 181-acre master mixed-use development Clear Lake Reserve.
Clear Lake Vista will service the pent-up demand of Class-A multifamily finishes and amenities with a mix of 1, 2 and 3-bedroom apartment units. Interior finishes include granite countertops in the kitchen/bath areas, stainless steel appliances, subway-tile backsplashes, wood-like flooring, tiled shower surround, and washer/dryer in each unit. Residents will benefit from a full amenity set including a resort-style pool, fitness area, pickleball court, clubhouse with coffee machines, package center, dog park and direct access to commercial uses within Clear Lake Reserve.
“Pooler and the greater Savannah submarket continues to undergo a population and job growth explosion catalyzed by a uniquely resilient economic environment that is uncommon among medium-sized markets” says Chase Beasley, Managing Director of Vista Residential Partners. “This significant growth will enable the submarket to continue on its upward trajectory within the nation, and we could not be more pleased to invest in the market with a quality driven product providing residents first-class finishes and amenity offerings.”
Located along the I-16 Corridor of Savannah, the project is approximately 13 miles West of downtown Savannah, 12 miles SE of the Hyundai Meta-plant and 8 miles South of Savannah International Airport. The submarket corridor has seen explosive growth over the past decade, primarily due to job growth within manufacturing, logistics, aerospace/airlines, healthcare and food/beverage.
30 million SF of industrial space is currently under construction within 15 miles of Clear Lake Vista while the Port of Savannah is projected to become the fourth largest port in the US by volume by 2030. With $106 billion in transaction volume, over five planned expansion projects, and additional capital improvements approved, the Port of Savannah continues to be an economic powerhouse fostering growth statewide.
South Korean automaker Hyundai is close to completing their $5.5 billion manufacturing facility nearby. The plant will employ 8,500 workers between an electric vehicle assembly plant and an adjacent EV battery factory, making it the largest single economic development project in Georgia history. In addition to the announced job offerings by Hyundai, $2.4 billion dollars of investment by ancillary producers is expected to bring an additional 6,700 jobs.
“Vista continues to focus on delivering high-quality multifamily developments in markets experiencing outsized job and population growth”, says Scott Hartley, Chief Investment Officer for Vista Residential Partners. “Alongside PointOne Holdings and Amerant Bank, we’re excited to close on our second development in Savannah.”

WINDSOR, CA – Nonprofit Linc Housing and its co-developer W&J Investments announced the start of construction on Heritage Park Apartments, a 33-home affordable and supportive housing community in Sonoma County’s Town of Windsor. The all-new complex, located at 8685 Old Redwood Highway, will be for veterans who have experienced homelessness, veteran families, and low-income working families earning 30-80% of the area median income.
According to the latest data from the Association of Bay Area Governments, more than 55% of rental-occupied households in Windsor are cost burdened, paying more than 30% of their income on rent, demonstrating the needs for more affordable housing.
“This is an incredibly impactful project,” said Windsor Mayor Rosa Reynoza. “It’s important to not only provide housing but also offer the support and services that can help people thrive in the long term. Having wraparound services will make a difference to the individuals and families residing here.”
The three-story building will feature 4 one-bedroom homes, 16 two-bedroom homes and 13 three-bedroom homes for larger families. Ten units are designated for veterans who have been homeless and will be supported by Veterans Affairs Supportive Housing (VASH) vouchers through the City of Santa Rosa Housing Authority. Eight additional apartments are subsidized with project-based vouchers from the Sonoma County Housing Authority. These 18 households will also receive onsite support through wraparound services provided by Reach for Home and the Veteran’s Administration HUD-VASH team. Support will include mental health and physical health services, employment counseling and job placement, education, substance use counseling, money management, assistance in obtaining and maintaining benefits, and referrals to community-based services and resources.
“As the cost of housing and other basic necessities continue to rise, families throughout California struggle to make ends meet and many are at risk of becoming homeless,” said Rebecca Clark, Linc Housing CEO. “Heritage Park reflects Linc Housing’s commitment to creating opportunities and stability through housing with services for vulnerable populations while nurturing a vibrant, supportive community where everyone can thrive.”
Heritage Park will offer community spaces to foster connection and relaxation, including landscaped outdoor areas, a play area for children, and a multi-purpose room for resident events and activities. These amenities promote a sense of belonging and enhance residents’ quality of life. Other features will include a computer lab, bicycle storage, a community garden, and convenient access to public transportation, shopping and other services.
“This development has been a long time in the making,” said Michael Weyrick, president of W&J. “We’re so appreciative of our partnership with Windsor and Sonoma County and their support in helping us bring this much-needed housing to the community. We look forward to welcoming residents in early 2026.”
Funding for the development comes from a variety of sources, including loans from the Town of Windsor, American Rescue Plan Funds from Sonoma County, construction loan from JP Morgan Chase, permanent loan from Citibank, and tax credit equity from Raymond James. Predevelopment support was provided by the Town of Windsor.

SARASOTA, FL – Aster & Links, the highly anticipated mixed-use luxury apartment community by Belpointe OZ, is celebrated its grand opening, marking a transformative moment for downtown Sarasota. This landmark development replaces the former One Main Plaza, and revitalizes it into a thriving, pedestrian-friendly destination featuring world-class residential living, premier retail, and a stunning public art installation.
At the heart of the grand opening is “Touch”, a striking 15-foot stainless steel sculpture by nationally acclaimed artist Zachary Oxman, whose works have been commissioned by three U.S. Presidents. The sculpture, placed at Aster’s entrance, is an abstract interpretation of the human hand, symbolizing connection, curiosity, and exploration. Its open voids create shifting perspectives depending on the angle of view, reinforcing the power of human interaction. The sculpture anchors a vibrant community space where art, architecture, and urban living intersect.
Aster & Links has rapidly become Sarasota’s premier address for those seeking an upscale, culture-infused lifestyle. This two-building community offers distinctive styles—Aster’s light and airy sophistication with textured stone and driftwood finishes, and Links’ bold, urban vibe with vibrant hues and industrial-chic details.
“Aster & Links is redefining luxury rental living in Sarasota,” said Brandon Lacoff, CEO of Belpointe OZ. “Not only have we created an exceptional residential and retail community, but we are also proud to contribute to Sarasota’s rich artistic and cultural landscape with the incredible work of Zachary Oxman.”
Adding to the convenience, Aster & Links features approximately 60,000 square feet of curated retail, including Sprouts Farmers Market, OfKors Cafe, Isabel Boutique, ServisFirst Bank, and SkinSpirit, with more retailers coming soon.
Perfectly positioned in the heart of Sarasota, Aster & Links places resident’s steps from top dining, shopping, and entertainment options, as well as cultural institutions like the Marie Selby Botanical Gardens, The Ringling Museum, and Sarasota Opera House. With award-winning beaches just minutes away and Sarasota-Bradenton International Airport less than five miles from home, residents enjoy both convenience and leisure in equal measures.