BERKELEY, CA – Canyon Partners Real Estate, The Martin Group, and Valiance Capital announced the formation of a joint venture to develop a new Class-A student housing community near the University of California at Berkeley campus, with construction scheduled to begin immediately and completion anticipated prior to the start of the 2026-2027 academic year. The joint venture simultaneously closed on a senior construction loan from Kennedy Wilson.
The Valiant will be an eight-story, purpose-built student housing community with 83 apartment units, 262 beds, and 1,461 square feet of retail space, designed to be amongst the best in its class within the Berkeley market. The Project is optimally located on Durant Avenue between Telegraph Avenue and Bowditch Street, one block from the main entrance to UC Berkeley’s campus. It will feature numerous curated amenities including a spacious common area study lobby, fitness center, a rooftop deck lounge with panoramic views, various gathering spaces, private study lounges, high-speed Wi-Fi, and secured bike stations.
“With its prime location, sustainable design, and experienced development team, we’re pleased to announce this exciting project in partnership with Valiance Capital and look forward to partnering with Canyon and the team at Kennedy Wilson on another student housing project,” said Stephen Siri at The Martin Group. “The Valiant will provide UC Berkeley students with much-needed housing in time for the 2026 school year, and it is well-positioned to contribute to the economic growth of local retail and dining businesses alike.”
Located in the heart of the highly desirable Southside neighborhood of Berkeley, The Valiant is walking distance to a number of local restaurants, bars, and neighborhood amenities popular among the UC Berkeley student body. The Project is also located within a 15-minute walk to the Downtown Berkeley BART station, providing connectivity to other key nodes throughout the Bay Area.
“With 15 years of local market expertise as one of the largest owner operators in the Berkeley student submarket, we are excited to build The Valiant to be the ideal student housing option in a highly specialized and high-barriers-to-entry market,” said Nhan Nguyen Leat Valiance Capital. “In partnering with a best-in-class institutional team between The Martin Group, Canyon, and Kennedy Wilson, we look forward to delivering a premier private student housing development to serve the UC Berkeley community.”
Canyon has been an active provider of debt and equity in California and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has invested $2.9 billion in debt and equity to capitalize $6.9 billion of total projects across all asset types in the state of California.

VENICE, FL – National multifamily developer Wood Partners expands its presence in Florida with Altera Jacaranda, bringing the only attainable, new construction development to Venice. The multifamily apartment complex will break ground next month and is expected to deliver to the community in the second quarter of 2026.
Altera Jacaranda is a 280-unit garden-style apartment community with five, four-story buildings featuring a mix of one-, two- and three-bedroom layouts. With proximity to large employment centers, top-tier medical facilities and world-famous beaches, Altera Jacaranda is strategically placed along I-75 and sits just six minutes from Venice Beach. Wood Partners is also working with local officials to improve the three-way intersection of Commerce Drive and Jacaranda Boulevard to a four-way intersection to assist with traffic flow.
“Altera Jacaranda’s prime location enhances the community by providing attainable living options right where residents need them most,” said Tyler Hurd, managing director at Wood Partners. “Our new development fosters economic growth and introduces a first-of-its-kind concept in the area. As one of the fastest growing areas in the country, we are committed to meeting the demand for attainable housing with quality multifamily solutions.”
Featuring Class-A amenities, Altera Jacaranda incorporates a cost-effective design targeting renters seeking new construction at a more attainable price. Residents can expect a resort-style pool with a tanning ledge, a sundeck with shade sail, grill areas, a package room, a fitness center, a resident clubhouse featuring a pool table and shuffleboard, coworking spaces, day offices, a hospitality kitchen and a dog park with an outdoor pet wash.
Wood Partners first brought its attainable Altera brand to Tampa, Florida earlier this year with Altera Land O’ Lakes. Wood Partners also broke ground in June on V by Alta, a luxury apartment community in Orlando. The 219-unit multifamily complex is Wood Partners’ fifth in the submarket and is set to be delivered in the first quarter of 2026. Additionally in June, Wood Partners broke ground on its third community in Longwood, Florida with Alta Trilogy.

AVENTURA, FL – Cardone Capital, led by industry titan Grant Cardone, closed an all-cash deal on The Edge at Flagler Village.The Class A, luxury 331-unit multifamily property in the heart of Downtown Fort Lauderdale was acquired through the firm s latest investment vehicle, Cardone Equity Fund 25.
The firm has assembled a portfolio of 2,000+ Class A multifamily units in the Downtown Fort Lauderdale submarket, bringing the company s total unit count to 14,000 apartments throughout the Sunbelt.
Grant Cardone, CEO of Cardone Capital, commented on the acquisition: “This acquisition presents a tremendous opportunity for our investors. We’ve secured a premium asset with immediate cash flow at a compelling price. With the Fed s recent rate cut, we expect to enjoy significant capital appreciation on this investment.”
The acquisition highlights Cardone Capital’s ability to move quickly and decisively on opportunistic deals, even as high interest rates pushed many institutional investors to the sidelines. Cardone Capital has been one of the most active multifamily buyers in 2024, closing on $500 million in all-cash acquisitions year-to-date.
“We ve been thriving through this market cycle,” Ryan Tseko, Executive Vice President at Cardone Capital, noted. “Our all-cash strategy allows our investors to capitalize on once-in-a-generation buying opportunities. The Edge acquisition is a prime example of this, and we’re excited to share it with our investors.”

CHARLOTTE, NC – Vista Residential Partners, a national multifamily development firm, has broken ground on 14 acres at 8011 Krefeld Drive Charlotte, NC, for the development of McAlpine Vista, a 320-unit apartment community.
Located in the submarket of Matthews, NC, McAlpine Vista will be comprised of 4 and 5 story residential buildings and will have direct and private access to the 6-mile long McAlpine Creek Greenway.
McAlpine Vista is conveniently located 15 minutes from Uptown Charlotte and just under 5 miles from the 5.6MM square feet of office space located in Southpark. Additionally, 20 minutes from this site is Ballantyne which boasts an additional 4.5MM square feet of office space.
“We are thrilled to start construction on our second project in North Carolina,” says Alex Barroso, Managing Director and Partner for Vista Residential Partners. “McAlpine Vista is another testament to our dedication to establishing our portfolio across the Carolinas.”
The community will offer a mix of one-, two-, and three-bedroom apartment homes averaging almost 1,010 square feet. Designed by architect EDI International, the homes will feature stainless steel appliances, 9-foot ceilings, stone countertops, vinyl plank flooring, in-unit washers and dryers, and spacious balconies. McAlpine Vista will also feature a luxury clubhouse, resort-style swimming pool, fitness center, and 24/7 package concierge. Most unique about McAlpine Vista is the direct and private access to the McAlpine Creek Greenway which extends 6 miles throughout Charlotte.
“Alongside our institutional capital partners, Vista is excited to deliver this high-quality, development in Charlotte, NC,” says Scott Hartley, Chief Investment Officer at Vista Residential Partners. “McAlpine Vista’s differentiated amenity-set will set a new standard for living in the area.”

PITTSBURGH, PA – Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced the start of construction on Ophelia, its first apartment development in the city of Pittsburgh.
“Greystar is excited to make its entry into Pittsburgh in partnership with ECHO Realty,” George Hayward, Senior Director of Development at Greystar, said. “Together we are transforming a legacy retail strip center into a unique mixed-use project, signifying the dramatic evolution of the East Liberty and Shadyside neighborhoods. We expect this to be the first of many Greystar development projects in the city.”
The new apartment community will have 231 apartment homes for rent with 35 units dedicated to the city’s affordable housing program. ECHO Realty’s retail portion, The Meridian, will have 44,000 sq. ft. of restaurant and retail space that includes Shake Shack and Barnes and Noble as well as a 36,000 sq. ft. Market District grocery store, which will combine with Greystar’s apartment community to create a best-in-class mixed-use development.
“We are happy to partner with Greystar to bring this project to the neighborhood,” Philip Bishop, Senior Vice President at ECHO Realty, said. “We look forward to bringing back a brand new grocery store, along with other necessity-based retailers, to meet the needs of the community. We are excited to see Greystar’s vision for Ophelia come to life on the site. The new apartment community will provide a new, quality option for Pittsburgh renters.”
Ophelia will have studio, one-, and two-bedroom layouts with high-end finishes and amenities. The interior design will be a nod to the Shadyside neighborhood’s Victorian architecture with a modern take on gilded-age aesthetics. Amenities will include a fitness center with outdoor workout area, co-working space, billiards and bar area in the club room, pool, grilling and lawn area.
The Meridian project is in a prominent location at the intersection of Penn Ave. and Shady Ave. The site is close to Bakery Square, which is home to Google and other tech and life science-oriented offices as well as retail including Trader Joe’s, Target and restaurants along Penn Ave. and Walnut Street. The new East Liberty Bus Rapid Transit station is across the street, providing easy access to downtown and Oakland.
“Pittsburgh has a lot to offer with several of the country’s best universities—Pitt, Carnegie Mellon and Duquesne—and significant growth in the tech industry,” Hayward said. “There is a demand for class A for-rent housing, yet supply has lagged. We are excited to help meet that demand.”

LEANDER, TX – Tricon Residential, a Blackstone Real Estate portfolio company, along with its residents, partners and local leaders, celebrated the grand opening of two new built-to-rent communities in Texas: Tricon Bryson in Leander and Tricon Willow Creek in Tomball. Developed in partnership with HHS Residential, a division of Plano-based Highland Homes, these communities will expand housing supply in the Austin and Houston metropolitan areas by adding 303 new, high-quality single-family rental homes.
The homes offer thoughtfully designed floor plans featuring three and four bedrooms, attached two-car garages, fully fenced backyards and sought-after community amenities, with the benefit of Tricon s industry-leading on-site maintenance and professional property management.
Tricon is proud to add much-needed housing supply to the Austin and Houston areas, developing new single-family home communities in the neighborhoods where people most want to live, said Andy Carmody, Senior Managing Director and Head of Sustainability at Tricon Residential. Tricon Bryson and Tricon Willow Creek will enhance the supply and diversity of high-quality homes, at prices well below the cost of owning, for families in communities with quality schools, easy access to employment centers and local amenities.
Tricon is on track to deliver 1,000 new build-to-rent homes in the U.S. in 2024 and has another 1,000 build-to-rent homes under development and scheduled to open in 2025.
About Tricon Bryson:

Tricon Bryson is a charming neighborhood of 155 single-family rental homes located at 440 Raglands Road, within the award-winning master-planned community of Bryson in Leander, just north of Austin.
The community features six thoughtfully designed floor plans with an open concept offering three- and four-bedroom options, state-of-the-art technology and outdoor amenities, including a resort-style pool, river splash pad, fire pit, playground, dog park, fishing pond and more.

Every home includes a gourmet kitchen, granite countertops, stainless steel appliances, a two-car garage, optional EV chargers and a fully fenced backyard.

The community is conveniently located near Austin Community College, major employers, shopping centers, outdoor recreation, the Leander CapMetro light rail station and more.

The project developer is Johnson Development, and the builder is HHS Residential.

About Tricon Willow Creek:

Located in the northern Houston suburb of Tomball at 9835 Willow Creek Commerce Dr, Tricon Willow Creek offers 148 single-family rental homes.

Tricon Willow Creek features four open-concept floor plans with three- and four-bedroom options. Every home includes a gourmet kitchen, granite countertops, stainless steel appliances, an attached two-car garage, a fully fenced backyard and smart home technology.

Exclusive community amenities, including a neighborhood playground, sports park, dog park, pool and BBQ area.

Tricon Willow Creek offers a number of pilot Department of Energy (DOE) Zero Energy Ready Homes ( net zero homes ). These high-performance homes are designed to utilize renewable energy sources to offset most or all the annual energy consumption.

The project developer and builder is HHS Residential.

All the homes in Tricon Bryson and Tricon Willow Creek are professionally managed by Tricon Residential, offering a virtually maintenance-free lifestyle supported by a caring on-site team. In addition, as part of Tricon s commitment to supporting its residents, Tricon Bryson and Tricon Willow Creek residents will also have access to Tricon Vantage, a suite of resources designed to help them realize their financial goals and enhance their financial well-being. These include credit building support, financial literacy programs, and individualized financial coaching services.
Rob Harper, Head of Blackstone Real Estate Asset Management Americas, said: Together with Tricon, we are building on our work as a quality housing provider. This week, we re excited to announce the opening of two new communities with over 300 homes in the Austin and Houston metropolitan areas. We re thrilled that Tricon is adding more options to the housing supply and working as a true partner with the communities we serve.”

COLORADO SPRINGS, CO – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Switch, a 276-unit Class A multifamily community, within Colorado Springs’ Polaris Pointe development. The company will begin construction this month with first resident move-ins targeted for fall 2025.
“Colorado Springs consistently ranks among the best places to live in the United States, and its economy produces extremely favorable fundamentals that outperform the national averages,” said Josh Purvis, managing partner for Thompson Thrift Residential. “We look forward to bringing another distinctive Thompson Thrift community to this vibrant metro area and providing residents with top-notch amenities and service.”
Located on approximately 11 acres at the intersection of two major thoroughfares, Voyager Parkway and North Gate Blvd., Switch offers excellent visibility and connectivity to I-25, allowing residents to reach top area employers within a few minutes, including the U.S. Air Force Academy, UCHealth Memorial Hospital North and Progressive Insurance. Residents can also reach greater Colorado Springs in 20 minutes and downtown Denver in only 40 minutes.
Switch will provide 276 apartment homes in one-, two- and three-bedroom configurations. Apartment homes will average 1,000 square feet and feature a host of premium amenities including stainless-steel appliances, glass-top ranges, hardwood-style flooring, a walk-in shower, multiple smart home capabilities and full-sized washers and dryers. Additionally, select units will offer premium appliances, cabinetry with soft-close doors, a deluxe closet system with shelving and garage options.
Signature community amenities will include a fully equipped 24-hour fitness center, resort-style heated swimming pool, electric firepits, a billiards and shuffleboard area, bike storage and workshop, a dog park and pet spa, and a Starbucks™ coffee bar. Residents may also utilize the residence conference room with video conference technology, the outdoor entertainment kitchen, and community-wide wi-fi. An on-site service team and a user-friendly mobile app will also be available.
Switch is strategically located within Colorado Springs’ Polaris Pointe development, a 60-business, 200-acre retail complex that also features the brand-new Ford Amphitheater, an 8,000-seat entertainment venue that includes a 45,000-square-foot, year-round restaurant and event center. Additional dining, entertainment and shopping options at Polaris Pointe include Sprouts, Bass Pro Shops, Chick-fil-A, Top Golf, indoor skydiving at iFly, trampoline and adventure park AirCity 360 and Overdrive Raceway.
U.S. News & World Report ranked Colorado Springs as the second most desirable place to live in the U.S. for 2023 through 2024 and the ninth best place to live out of the U.S.’ 150 most populous metro areas. Additionally, Colorado Springs ranks 15th out of 200 cities nationally on the Milken Institute’s 2024 Best-Performing Large Cities report, which indexes several metrics including job creation, wages and high-tech growth.
Multiple semiconductor manufacturers, aerospace and defense, and IT companies including Boecore, Meyer Burger, Entegris, Zivaro, Microchip Technologies, and others have announced plans to expand operations in the area. These expansions are expected to create more than 3,500 new jobs and have a multi-billion-dollar impact on the local economy.
The city has also made a significant investment in tourism and entertainment with its City for Champions projects, a collection of five new distinct venues including the U.S. Olympic & Paralympic Museum, Weidner Field, Ed Robson Arena, the William Hybl Sports Medicine & Performance Center and the Air Force Academy Gateway Visitor Center.

ATLANTA, GA – Georgia-Pacific announced initial plans for one of the country’s largest mixed-use redevelopments and the intent to transform its iconic 51-story world headquarters and the surrounding city block into a thriving center for innovation and community engagement. The prestigious downtown location will be reimagined into a dynamic mix of residential living, modern office spaces, retail, restaurants and a landscaped central plaza for gathering. This project reaffirms Georgia-Pacific’s commitment to the future of Downtown Atlanta and promises to set a new standard for adaptive reuse.
The proposed development, scheduled for completion in fall 2027, includes the following:

More than 400 apartment units on the tower’s uppermost floors, among the highest in the Southeast
+/- 125,000 square feet of retail, restaurant and entertainment space
+/- 600,000 square feet of Class A office space anchored by Georgia-Pacific and Koch
+/- 35,000 square feet dedicated to a large central plaza
More than 2,100 parking spaces plus adjacent MARTA and Atlanta Streetcar transportation access
Future multi-phase development plans include opportunities for a hotel and additional retail and residences

“If realized, this will be more than just a redevelopment; it has the potential to generate economic growth and create mutual benefit for the city, local businesses, their employees, Georgia-Pacific employees and our vibrant community,” said Christian Fischer, president and CEO of Georgia-Pacific. “The office landscape has changed, and we recognize that the adaptive reuse of our site and office tower can create greater long-term value. We are also acutely aware of the need for more residential, shopping, dining, and entertainment options in our downtown neighborhood, which is why Georgia-Pacific is excited to provide a space that will offer unmatched opportunity in Downtown Atlanta.”
Georgia-Pacific has assembled a team of industry-leading experts to bring this project to life, including an in-house, mixed-use development team responsible for leading both the redevelopment efforts and the go-to-market strategy and capitalization of the project. External partners include Rule Joy Trammell + Rubio, architect of record; Healy Weatherholtz, retail broker; Kimley-Horn, civil engineering; Studio Saint, interior design; Brasfield & Gorrie, preconstruction; and Transwestern, consulting and property management.
“A thoughtful mixed-use project of this scale on Peachtree promises to launch a long-awaited renaissance for our city’s most important main street business district,” said Clark Dean of Transwestern’s Transaction Sciences Group, who has consulted on this transformational project since its inception.
The ambitious undertaking will blend modern design with the building’s historic presence, revitalizing this prestigious downtown address as the cultural heart of Atlanta.
“This transformative redevelopment is a significant step in moving Atlanta forward, turning an important block in the heart of the city into a vibrant and welcoming destination that breathes new life into downtown. This project aligns with many of our important ‘Moving Atlanta Forward’ initiatives, including expanding much needed housing options and fostering economic revitalization that supports local businesses,” said Atlanta Mayor Andre Dickens. “With redesigned public spaces, new retail and restaurants, as well as easy access to public transit, we are creating a unique downtown neighborhood that will bring fresh energy to our city. This development will draw residents, visitors, and businesses alike, reinforcing our vision of a safe, inclusive, and thriving downtown—one that is family-friendly and nurtures new talent. It’s about building a better Atlanta for everyone—today and for the future.”
This project also promises to be a boon for surrounding businesses by creating a welcoming neighborhood with easy access to amenities and entertainment for companies and their employees seeking to work in the downtown area.
“Georgia-Pacific’s initial plans for a transformative redevelopment of this scale in the heart of Atlanta align perfectly with our vision to reimagine Downtown,” said Katie Kirkpatrick, president & CEO of the Metro Atlanta Chamber. “A catalyst for economic growth, this project will add momentum to others already underway and contribute to a world-class experience and vibrant neighborhood for years to come.”
The Georgia-Pacific Center has been an architectural landmark since its completion in 1982. Notable for its iconic stair-like design made of pink granite, it occupies the historic site of DeGive’s Grand Opera House, later the Loew’s Grand Theatre, where “Gone with the Wind” premiered in 1939. With its distinctive design and historical significance, this project will pay homage to Atlanta’s rich cultural past while shaping its dynamic future.

DURHAM, NC – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Amavi Brier Creek, a single-family build-to-rent community in eastern Durham County.
The community, surrounded by 25 acres of woods, creeks and 28 acres of dedicated open space, features a combined 350 townhomes and single-family detached homes. First move-ins are slated for October.
“Amavi Brier Creek will offer a pleasant mix of open green space, proximity to an excelling employment market and a reasonable price point,” said Willie Morris, senior vice president of land acquisition for Mill Creek Residential. “The Brier Creek area continues to become one of the hidden gems in the greater Raleigh-Durham market, and we look forward to offering quality homes and a living experience on par with the Class-A rental housing options in the surrounding area.”
Located at 1607 Olive Branch Road, Amavi Brier Creek offers ample recreational space, including a greenway trail, three dog parks, two multipurpose fields, raised garden beds, and several open lawn and field spaces. The 113-acre community also includes a resident clubhouse with a resort-inspired swimming pool and a fitness center with state-of-the-art equipment and dedicated social spaces.
Amavi Brier Creek’s townhomes and single-family detached homes include various three-, four- and five-bedroom layouts that range as large as 2,646 square feet. Private garages at each residence include EV-charging outlets. Home interiors feature a variety of refined features, including luxury wood-plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, USB ports, smart thermostats, controlled access technology, private patios and fenced-in yards, frameless glass showers, in-home washers and dryers, walk-in closets and bulk WiFi. Select homes offer kitchen islands and soaking tubs.
The community is situated eight miles southeast of downtown Durham and 10 miles southeast of Duke University. Interstate 540, U.S. Highway 70 and North Carolina Highway 98 all are within a short commute, providing prime connectivity to Research Triangle Park, Raleigh-Durham International Airport and the multitude of employment options in the Raleigh-Durham and Wake Forest areas.

WAKE FOREST, NC – Middleburg Communities announced it is slated to break ground this month on Hamlet Quail Crossing, a 260-unit BTR (built-to-rent) community in Wake Forest, North Carolina, part of the Raleigh-Durham MSA. The community will feature 234 detached cottages and 26 duplex units at full build out, and pre-leasing is expected to begin Q3 2025. Hamlet Quail Crossing will be the eighth BTR development that Middleburg has started during the past three years.
The Raleigh MSA has attracted significant attention from capital and consumers alike and for good reason, said TJ Sedeski, Managing Director of Investments at Middleburg. The employment and education opportunities, pro-business policy, and work/life balance make it a compelling place to both live and invest and we believe we re meeting an unmet demand for high-quality rental cottages which do not currently exist in the Wake Forest submarket.
Hamlet Quail Crossing is located at 1423 Deerfield Drive, about 5 minutes from historic downtown Wake Forest and adjacent to a heavily trafficked thoroughfare that connects residents to Route 1 which leads to the major Raleigh job centers within a 30-minute commute including Downtown Raleigh, Research Triangle Park, and North Hills, to name a few.
Sedeski continued: The Town of Wake Forest has maintained a small-town feel throughout a period of meaningful commercial growth. Our strategic location benefits from a high volume of cars which pass by the property on a daily basis, proximity to the historic downtown area which features an array of charming shops and restaurants and convenient access to new retail developments anchored by Wegmans and Lowes Foods. Additionally, we re grateful to Synovus Bank for their continued support and confidence in our organization.
Hamlet Quail Crossing follows Middleburg design standards which include a full suite of amenities, abundant open green spaces, and walkable streetscapes. The community will include 1-, 2- and 3-bedroom floorplans ranging from 790 to 1,733 square feet. All units will feature stainless steel appliances, quartz countertops, luxury vinyl plank flooring, and in-unit washers and dryers. Residents will have access to best-in-class amenities, including a clubhouse with a pool and fitness center, a dog park and pet spa, co-working spaces, and electric vehicle charging stations.