CLEARWATER, FL – National multifamily real estate development leader Wood Partners recently announced the grand opening of its latest luxury residential community, Alta Belleair, less than five miles away from Clearwater Beach in Florida.
Located at 1632 Clearwater Largo Road N, Alta Belleair features 256 units across five buildings, offering studio, one-, two- and three-bedroom floorplans. With the community’s exceptional location, residents are minutes away from popular restaurants, shopping, and leisure attractions in downtown Clearwater, and only 5 miles from the soft, white sand of renowned Clearwater Beach, just across the Causeway Bridge.
“As the city of Clearwater continues to experience unprecedented demand for high-quality housing options, Wood Partners is excited to debut Alta Belleair as the city’s newest luxury living community,” said Charles Barrus, Executive Managing Director for Wood Partners. “By embracing Clearwater’s relaxed, coastal atmosphere, Alta Belleair provides residents the perfect balance of modern luxury with the charm of beach living, all within minutes of the area’s top employers, local attractions and retail options.”
The community’s apartment homes feature resort-inspired privacy and high-end finishes to provide residents with a relaxing, modern place to call home. Units include designer-styled kitchens, complete with stainless GE appliance packages, premium quartz countertops, soft-close cabinetry with under-cabinet lighting, as well as wood-style plank flooring throughout the kitchen, bathrooms and living room. Additional in-home highlights include oversized closets, a private patio or balcony, electronic thermostats and in-unit washer and dryer sets. Thirty-eight of the community’s homes are being offered as affordable housing for qualified residents.
Alta Belleair also offers a range of top-end resident amenities, including a zero-entry saltwater pool with a sundeck and private cabanas, multiple outdoor grilling areas, and a covered poolside pavilion with a hammock park and lounge seating. Inside the community clubhouse, residents can enjoy the state-of-the-art 24/7 fitness center and yoga room, a billiards lounge and game room, and a cybercafé complete with micro-offices and drop-in communal tables.
Within minutes of the community, residents have access to US-19 and Gulf to Bay Boulevard, providing a quick commute to charming downtown Clearwater and the rest of the city. Alta Belleair’s premier location enables residents to reach key employers including Tech Data, Lincare Holdings, and Newport Oil Corporation in a matter of minutes, as well as downtown St. Petersburg’s popular dining and retail offerings in less than half an hour.

ATHENS, GA – Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, acquisition and management of high-quality residential living communities, has formed a joint venture with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) initially targeting $1 billion for investments. The programmatic joint venture will focus on acquiring and operating value-add student housing properties in targeted markets throughout the United States.
Landmark’s unique vertical integration of ownership, development, general contracting, and management allows for acquired property improvements to be planned and executed, creating value for the properties’ residents and investors.
This new platform furthers a long-standing relationship between Landmark, the nation’s largest student housing developer, and ADIA. Existing joint ventures between Landmark and ADIA comprise assets with nearly 15,000 beds in tier 1 university markets throughout the country.
“Landmark and ADIA have been aligned from the start of our relationship, seeing tremendous opportunity in top-tier student housing markets,” said Wes Rogers, president and CEO of Landmark Properties. “We are confident we can find acquisition targets across the nation that will complement our existing development strategy. We are appreciative of the opportunity to expand our relationship with ADIA, one of the world’s leading institutional real estate investors.”
Salem Al Darmaki, Deputy Director of the Real Estate & Infrastructure Department at ADIA, said: “The expansion of our relationship with Landmark is an example of ADIA’s approach of working with best-in-class partners to invest in market-specific, high conviction investment themes. This new joint venture offers the opportunity to continue to grow our exposure to student housing in the US, a sub-sector that continues to display compelling fundamentals.”
With more than $8.3 billion assets under management, Landmark’s portfolio includes nearly 90 residential communities across the country with approximately 55,000 beds under management. Landmark benefits from an active development pipeline with 16 student and multifamily projects under construction with an estimated value at $3.1 billion.

SAN ANTONIO, TX – RangeWater Real Estate has acquired Legacy Heights, the 306- unit, garden-style apartment community located at 1320 Austin Way in Terrell Heights, adjacent to Alma Heights. This is the company s third foray into the market and second acquisition since July 2021 to meet the growing demand for homes.
San Antonio is a major focus in our team s continued expansion west, said Steven Shores, Chairman and CEO of RangeWater. The city s rapid growth has created demand for better housing that we are eager to deliver. Legacy Heights is a welcome addition to our growing San Antonio portfolio and we will invest in improvements to make this a best-in-class community.
Legacy Heights is just minutes from Brooke Army Medical Center, University of Incarnate Word, Fort Sam Houston, major employers and popular shopping centers. It s also a short drive to the vibrant restaurants and happenings that comprise Pearl as well as the plethora of shopping options on Broadway.
RangeWater plans to invest significant capital to update the amenities, common areas and interiors of these homes, which were built in 2009. This includes enhancing the pool area, activating more green space, replacing lighting and appliances with more energy efficient selections and rehabbing the gym and lobby, all of which will bring the homes to the standard of the company s highly appointed portfolio, which spans the Sunbelt
The gate-accessed community, offering one-, two- and three-bedroom apartments. showcases an array of features, including washer/dryer connections, plush carpeting, wood vinyl flooring, gourmet kitchens, large walk-in closets, balcony/patio, storage and reserved covered parking. A central clubhouse is equipped with a big screen TV, a billiard table, resident computer lounge, state-of-the-art fitness center, luxurious pool, outdoor kitchen, pet park and more.
This is a well-located property adjacent to the most affluent part of town, boasts easy access to employment centers, retail and nightlife, said Michael Hoy, RangeWater Director of the Southwest Region. It fits well into our strategic growth in San Antonio.
RangeWater s first acquisition in San Antonio involved converting an existing student housing complex into single-family rentals called Cottages at Leon Creek. The homes have met with quick leasing success. In addition, RangeWater s second foray is currently in progress and marks its first ground-up development of 154 for-rent townhomes on a 16.53-acre property in San Antonio to build 154 for-rent townhomes on the Texas State Highway Loop 1604. That property is a quick 12-minute drive from the airport, 20 minutes from downtown and near major employers such as USAA, H-E-B, Wells Fargo, Harland Clarke, J.P. Morgan, Rackspace Technology and the three military bases. Both of these San Antonio communities are part of RangeWater s Storia division, which is deploying capital across the Sunbelt to build single-family-rental (SFR) residential units.
Privately owned RangeWater was founded in 2006. The company acquires, develops, manages and invests in multifamily communities across the Southeastern and Southwestern United States, with a $5.4 billion portfolio.

PHOENIX, AZ – Korman Communities, in partnership with RXR, has completed the purchase of its first property in the Phoenix market. The brand new, 348-unit, seven-story, professionally managed, Class A property boasting 60,000 square feet of amenity space, AVE Phoenix Terra, offers a unique flexible-stay living solution in Downtown Phoenix.
We are focused on growing our AVE portfolio of first-class residential properties in key growth markets across the U.S. This acquisition represents the first of many new ventures in Phoenix, says Bradley Korman, co-CEO of the Philadelphia-area-based Korman Communities. We are proud to have RXR as our partner on this venture, as our organizations are aligned on values and visions for the future.
We re proud to partner with the Korman organization in providing our residents with a world-class living experience filled with amenity-rich programming, state-of-the-art technology, and ‘five-star service, says Scott Rechler, Chairman and CEO of RXR.
AVE will be introducing its furnished apartment service, offering flexible month-to-month leases to the Phoenix market. All furnished apartments include a custom furniture package, a fully accessorized kitchen, a washer and dryer in residence, a linen package, and all utilities.
We are a solution for individuals who need a comfortable, flexible place to stay for 30 days or more. The Phoenix housing market has never been hotter in recent history, with inventory at new lows, says Lea Anne Welsh, COO of Korman Communities and president of the AVE. We can be a place for them to hang their hat until they find their next home. They just need to bring their suitcase – we ll take care of the rest!
AVE also will bring its best-in-class multifamily apartment living experience, which is designed to deliver the ultimate carefree lifestyle and a strong sense of community.
AVE Phoenix Terra features a variety of apartment floorplans ranging from studio to three-bedroom featuring contemporary amenities including chef-inspired kitchens in two color palettes, speckled quartz countertops, tile backsplashes, stainless steel GE appliances, abundant closet space featuring walk-ins with custom shelving, hardwood-inspired flooring, large, walk-in showers with glass doors, garden-style soaking tubs, and a Smart washer/dryer in residence. Select apartments feature built-in wine refrigerators and private patios/balconies.
All residents enjoy complimentary access to unprecedented, on-demand amenities featuring a resort, palm-tree lined sundeck with a sparkling pool, loungers, and relaxing hot tub, two large courtyards featuring grilling stations, a tranquility fountain, lounge seating, a putting green, and outdoor gaming, an expansive, wraparound patio offering indoor-outdoor bar seating, a fire pit lounge, and spectacular city, valley, and mountain views, a 24/7 multi-zone fitness center featuring cardio, strength, and spin with indoor/outdoor access, a business center with flex workspace and reservable conference room and private work suites, secure, personal, Gigabit WiFi that travels with residents throughout the community, a fully equipped dog wash station, a beverage bar with freshly brewed, bean-to-cup coffee machine and Kombucha station, a resident social lounge with fully equipped, chef-inspired kitchen and dining area, and a mixology lounge with Speakeasy. AVE s professional Resident Services team is on site seven days a week to assist with day-to-day living needs.
We want to ensure our residents are comfortable and feel taken care of, says Welsh. Our experienced, friendly team is on site every day to provide a quality living experience and a sense of community through concierge support, events, and partnerships.
AVE Phoenix Terra also boasts 7,000-square-feet of retail space, with the goal to bring two exciting dining concepts to the neighborhood and ultimately offer more convenience amenities for residents.
AVE Phoenix Terra is centrally located in Downtown Phoenix, walking distance to restaurants, shops, and entertainment. It s also convenient to everything in the region – just 10 minutes from Phoenix Sky Harbor International Airport, 5 minutes from the Light Rail with stops in Downtown Phoenix, Tempe, and Mesa, and less than 5 minutes to I-17 and I-10, which connects with Loop 101, offering an easy commute to Peoria and Paradise Valley.

PLANTATION, FL – GID has acquired a new garden-style apartment community located in Plantation, FL, named Windsor 335. The community, formally known as Alexan 335, comprises seven buildings across 10 acres, with one-, two-, and three-bedroom floorplans, totaling 248 units. The community is managed by GID s wholly-owned property management company, Windsor Communities.
With sophisticated apartment features and an extensive amenity package, Windsor 335 boasts lifestyle-oriented living in a luxury setting. Interior features include granite countertops, full-size backsplashes, and lofty 9-foot ceilings. Residents step just outside their doors to take advantage of amenities, including a tech lounge with a printing station, a saltwater pool with an aqua deck and hammock garden, and a gaming area.
With convenient access to all major thoroughfares, Windsor 335 is connected to major employment centers in downtown Fort Lauderdale, Port Everglades, and Plantation, as well as some of South Florida s top shopping, dining, and entertainment destinations.
GID is a privately-held, vertically-integrated real estate company that owns and operates a portfolio of multifamily and industrial assets, as well as develops mixed-use projects. The current portfolio includes over 46,000 residential units, 20 million square feet of industrial space, and 1 million square feet of retail and office space.

MIAMI, FL – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced their acquisition of ParkLine Miami. ParkLine Miami is an iconic 816-unit, luxury apartment community in Downtown Miami developed by Florida’s oldest and largest real estate and infrastructure development company, Florida East Coast Industries.
The development is perched directly above MiamiCentral, a thriving transportation and lifestyle hub spanning six downtown city blocks. It is a unique live-work-play destination with unrivaled transportation options including connectivity to four major transit lines: Brightline, Metrorail, Metromover and Tri-Rail. With over 10 million riders projected to travel through each year, MiamiCentral is transforming Miami’s urban landscape.
“The ParkLine Miami investment represents a unique opportunity to acquire a world-class asset in a desirable, high-growth location with accessibility to major employment drivers and direct elevator access to all major regional and local transportation modes,” said Richard Litton, President of HGI. “We are confident that the business environment in South Florida, and Miami specifically, will continue to thrive and the high demand for luxury residential, transit-oriented developments will continue to soar as Miami marks itself as one of the most prominent international cities.”
Completed in 2020, the ParkLine Miami development consists of two 44- and 47-story high-rise luxury residential towers. Connecting the two towers is a two-acre sky park amenity deck set 150 feet above street level. The building’s enhanced offerings include both infinity and lap swimming pools, a quarter-mile running track, outdoor and indoor fitness centers, pet parks and a grooming spa, a business center with co-working spaces and landscaped areas for outdoor grilling and gatherings.
“Florida East Coast Industries has embraced placemaking as a core strategy,” said Sarah Watterson, the head of development for FECI. “Since the inception of Brightline, downtown Miami has seen unprecedented daytime, residential and leisure growth. This area has become a hub for people on the move who want to live and travel smarter. ParkLine Miami is the most well-positioned multifamily asset to meet and exceed the needs of this growing resident population.”
Located in the center of Downtown Miami, the towers are proximate to a variety of prominent retail and office spaces and provide unprecedented immediate access to all South Florida transit lines and international air travel in one location. Residents will be connected to a total of 75 different rail stations across South and Central Florida, providing excellent access to employment centers, including Miami Worldcenter, Miami Health District, Brickell City Centre, Fort Lauderdale, Aventura, Boca Raton, West Palm Beach and Orlando.
In the midst of historic economic growth in South Florida, HGI now owns 1,105 units across five properties in Miami-Dade County.
Cammeby’s International Group partnered with HGI on the transaction. Cammeby’s, founded in 1967, manages a large portfolio of real estate assets, mainly located in Manhattan, Brooklyn, Staten Island, Queens and New Jersey. Cammeby’s has partnered with HGI on several transactions, including HGI’s recent acquisition of a 5,302-unit portfolio of properties in New Jersey.

ALEXANDRIA, VA – Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, announced the formation of a strategic partnership with Richmond, Va.-based SNP Properties LLC to acquire ownership interest in Richmond’s Vida East Apartments as part of an UPREIT transaction.
Commented Dwight Dunton, Bonaventure founder and CEO: We re thrilled to announce that Vida East is now a part of the Bonaventure portfolio of multifamily communities and that we were able to acquire ownership of the property by partnering with SNP Properties on an UPREIT transaction. In arranging the transaction this way, SNP exchanged ownership in Vida East in a tax advantaged manner for interests in a diversified and growing portfolio of multifamily properties. The Bonaventure team is very excited to partner with SNP through this transaction.
Located within walking distance of award-winning restaurants, galleries, museums, shops & boutiques, and parks in the heart of Richmond s historic Church Hill neighborhood, Vida East Apartments is one of Richmond s newest and most coveted multifamily communities and represents the ideal addition to Bonaventure s existing portfolio of Class A residential communities. Completed in 2018, the core plus, stabilized apartment community with 178 units including studios, 1BR, and 2BRs boasts top of the line amenities including a rooftop mezzanine with fire pit, controlled access building and parking garage, skyline entertainment lounge, swimming pool and sundeck and 24/7 fitness center.
As a Richmond-based developer and landlord, we ve long been familiar with Bonaventure and their founder and CEO, Dwight Dunton, added Eric Phipps, Principle of SNP Properties. Under Dwight s leadership, Bonaventure has amassed an impressive multifamily footprint in the region. With the completion of the Vida East transaction, we get to participate with them as they pursue their strategic growth in the multifamily and senior housing sectors throughout the mid-Atlantic and Southeast. Working with Bonaventure on this transaction was a real pleasure.
Both as a company and as a corporate family Bonaventure enjoys deep roots in the Richmond area. Just recently the firm expanded its footprint in the market acquiring the remaining land parcel adjacent to Scott s Edge. Additionally, Bonaventure s own Hank Loughran who serves as the company s SVP of Capital Markets is a Richmond native with strong community and professional ties to the area.

HOUSTON, TX – Civitas Capital Group, a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, has acquired Stonebridge at City Park, a 240-unit apartment complex in Houston, Texas.
“This is Civitas’ first multfamily acquisition in 2022, and our fourth acquisition in the Houston market in the past year,” says Rootvik Patel, Managing Director for Civitas, who led the transaction along with colleague Justin Temple. “With the employment growth we’ve seen in Texas markets like Houston, Dallas-Fort Worth, and Austin, coupled with a lack of supply, we think the multifamily space will continue to be a very attractive asset class for us in 2022 and beyond.”
Stonebridge at City Park, built in 2004, sits just 15 minutes from downtown Houston. The property is near major demand drivers such as Texas Medical Center, the largest medical city in the world with more than 60 medical institutions, 10 million patient interactions, and over 100,000 employees.
The Houston MSA, home to 7.1 million residents, has experienced a population boom since 2010, adding more than 1.1 million people. This has drawn highly skilled labor and increased median household income to over 10% of the national average.
Stonebridge at City Park is the seventh multifamily property Civitas has acquired since this past summer. Renovation will be underway soon to enhance this value-add acquisition.

CHARLOTTE, NC – GID has acquired Addison Park, a Class B apartment community located in Charlotte, NC. This 426-unit community is managed by GID s wholly-owned property management company, Windsor Communities, and has been rebranded Windsor Addison Park.
Options abound at this garden-style community with spacious one-, two-, and three-bedroom apartments. Apartment homes feature hardwood flooring, 9 ft ceilings, and a mix of contemporary and original finishes, as well as conveniences like full-size washer dryer machines, and fireplaces. Residents of this community enjoy upscale amenities, including two pools, a resort-style pool deck with an outdoor kitchen, a playground and picnic area, a business center, a fitness center, a car care center, and a pet park.
Windsor Addison Park s location offers residents an easy commute to the Charlotte CBD and the University submarket, an important employment, shopping and entertainment center. With quick access to major thoroughfares, this community also offers convenient access to UNC Charlotte, Atrium Health University City, and Uptown Charlotte.
GID is a privately-held, vertically-integrated real estate company that owns and operates a portfolio of multifamily and industrial assets, as well as develops mixed-use projects. The current portfolio includes over 46,000 residential units, 20 million square feet of industrial space, and 1 million square feet of retail and office space.

DALLAS, TX – Sentinel Real Estate Corporation announced that it has acquired Third Rail Lofts, a 164-unit apartment community located in Downtown Dallas. The transaction provides the opportunity to acquire an institutional-scale asset in a high growth, urban location at a significant discount to replacement cost. Immediately upon acquisition, Sentinel is rebranding the community as Main 3 Downtown.
Consisting of three adjoining buildings – The Flats, The Landmark and The Tower – Main 3 Downtown comprises 164 studio, one- and two-bedroom apartments and three retail spaces. The luxury loft-style residences feature an impressive selection of finishes including stainless steel appliances, walk-in closets, custom cabinetry and granite countertops; however, they were last updated in 2008. Sentinel expects to realize additional value through the execution of a capital improvement program that calls for the modernization of all 164 units. Each building s lobby will be updated to increase consistency in design and branding across the community. The firm also intends to renovate the amenities, which include a two-lane bowling alley, a billiards room, a small movie theater and a wine tasting room, as well as a pool deck and terrace with a salt-water pool, an outdoor bar with a grilling area, a fire pit, an outdoor movie theater and a private dog walk.
Main 3 Downtown is located in Dallas, which has experienced tremendous growth over the past decade and is now the fourth most populous MSA in the United States. The Downtown submarket in particular has seen more than $7 billion in public and private investment since 2000, leading the area to be recognized as a premier live/work/play neighborhood. The property is situated on Main Street in the center of the Dallas Central Business District, and is within walking distance of employers, retail, restaurants museums and the Dallas Area Rapid Transit (DART) light-rail station. In addition to being home to major corporations such as AT&T, Goldman Sachs and Neiman Marcus Group, the Central Business District is the largest employment center in North Texas with more than 135,000 daytime workers, providing a robust built-in demand driver for rental housing in the area.
The Dallas economy benefits from a diverse employment base and low cost of living as compared to coastal cities, both of which support strong in-migration trends, said Michael Streicker, President of Sentinel. The Downtown area has experienced tremendous growth, and the recently completed AT&T Discovery District and the repositioning of The National on Elm Street have brought renewed vibrancy and livability to the Central Business District. We look forward to implementing a value-enhancing investment program at Main 3 Downtown to update the unit interiors and improve the quality of the amenities for the residents of Dallas.