FORT WORTH, TX – National multifamily real estate development leader Wood Partners announced the official grand opening of its newest luxury residential community, Alta Landing, located in one of Dallas-Fort Worth’s top submarkets.
Located at 3100 N. Joplin Road along the 287 Corridor, Alta Landing is situated just 10 miles south of downtown Fort Worth, providing residents with quick access to top employers across Fort Worth and the mid-cities, as well as key local attractions like AT&T Stadium, Globe Life Field, and Six Flags Over Texas. Closer to home, residents can also enjoy the comfort and familiarity of small town living with local retailers, grocery stores, restaurants, and entertainment options just a short walk from the community.
“We are excited to welcome residents to Wood Partners’ newest community, Alta Landing, ideally situated between Fort Worth and Arlington in one of the area’s fastest growing neighborhoods,” said Ryan Miller, Managing Director at Wood Partners. “We are particularly enthused about Alta Landing given it represents the first implementation of Wood Partners’ new high-efficiency development model in North Texas,” continued Miller. “Our new model is uniquely designed to leverage the most efficient design and construction techniques in the industry today without sacrificing the quality, appearance, and finishes that our residents have come to expect from Alta properties. As a result, we can offer our residents exceptional quality and value in a market where rent growth and cost of living remain top concerns.”
Alta Landing boasts 270 apartment homes consisting of one-, two- and three-bedroom floor plans finished in warm, inviting tones with a heightened level of modern sophistication. Each apartment home comes fully outfitted with high-end interior finishes including granite countertops, stainless steel appliances, tile backsplashes and upgraded fixtures. In addition, residents will have the convenience of in-home washers and dryers and wood-style plank flooring to welcome them home after a long day.
Residents of Alta Landing will also have access to the community’s top-notch amenities, including a resort-style pool with tanning deck, a courtyard with outdoor seating, a fire pit and grilling areas, an on-site dog park and other convenient pet facilities. Inside, the community clubhouse features a state-of-the-art 24/7 fitness facility complete with Precor equipment, a social clubroom with a kitchen and arcade, a Wi-Fi lounge with reservable private offices and conference room, as well as ample seating to enjoy a beverage from the on-site coffee bar.

HOUSTON, TX – Keener Investments announced that it has acquired a 312-unit multifamily property in North Houston. The property will be managed by Keener Management, a wholly owned subsidiary of Keener Investments.
Villas at Valley Ranch is primarily composed of stucco, stone, and Hardiplank exterior apartment buildings that sit behind secured gated access. The community is on 16.4 acres and has luxury amenities such as a resort-inspired pool, covered poolside patio area, fitness center, spacious clubhouse and business center, nature trails, a pet park and much more.
The property is conveniently located near the intersection of Interstate 69 and the Grand Parkway, providing quick and easy access to Downtown Houston, George Bush Intercontinental Airport, and The Woodlands. It is situated in the Houston suburb of Valley Ranch, a 1,400-acre master planned development with rapidly growing retail and entertainment offerings including Valley Ranch Town Center, Lake Houston Wilderness Park, Randall Reed Stadium, and many proposed or ongoing commercial developments throughout.
We are excited to expand our portfolio into the growing North Houston area with the acquisition of a premier multifamily property in New Caney. The Villas at Valley Ranch Apartments are strategically located at the epicenter of growth for the Grand Parkway in a beautiful master planned community, said Stephen A. Smith, Chief Executive Officer of Keener Investments. Villas at Valley Ranch is a Class A, 2008-vintage multifamily property that is well positioned to benefit from the areas growth trajectory and our proven value-add strategy.
Keener Investments has now completed over half a billion in transactions since 2016 and is continuing to actively purchase multifamily communities in Texas.

SAN ANTONIO, TX – Great Gulf Group, together with its partners Westdale Properties and a large Canadian institutional investor, has acquired 787 residential lots across seven master-planned communities in San Antonio, Austin and Houston, TX, from Forestar Group to build, own, and operate dedicated single-family rental homes.
“This acquisition provides an excellent entry point into the Houston and Austin markets while increasing Great Gulf’s operational scale across our Texas portfolio. Based on demographic trends and customer preference, we believe the demand for professionally managed rental housing is undersupplied,” said Aole Ansari, Chief Operating Officer, Great Gulf Build-to-Rent. “Land development and construction activities are underway, and we expect to begin home deliveries to residents in late 2023. We look forward to future investment opportunities and strengthening our relationship with Forestar.”
Daniel Bartok, Chief Executive Officer of Forestar, said, “These sites provide an excellent opportunity to include purpose-built single-family rental housing for consumers interested in living in these communities. We are very pleased to bring Great Gulf into our builder program to fulfill the growing demand for this housing option and look forward to growing our relationship.”
Great Gulf’s investment strategy is primarily focused on US Sun Belt states, whose high population growth is driven by strong job growth, low tax and regulatory burdens, affordable housing, low unemployment, and warmer climates. Together with existing projects in Tampa, FL, Charleston, SC, San Antonio, TX and Dallas, TX, Great Gulf’s build-to-rent portfolio is approaching 2,000 lots and homes within one year of operation.

ORLANDO, FL – The Bascom Group, in partnership with Leste Group and East Hill Capital Partners, has acquired their third deal together, a 448-unit garden style apartment community in Orlando, Florida. The Chatham Square acquisition brings the Partnership’s total investment into Florida over the past year to over $330,000,000 and 1,200 units.
Accounts managed by KKR provided the debt financing for the acquisition, and Dustin Stolly, Daniel Matz, and Daniel Morin of Newmark arranged the financing. The Newmark investment sales team of Scott Ramey, Brad Downing, Ryan Moody, and Paul Grant brokered the transaction. SD-Cap will provide renovation management and Cushman and Wakefield will provide the property management.
Bascom’s Tony Ferrell, Senior Principal – Operations, stated, “Chatham Square provides an exceptional value-add opportunity in the rapidly expanding Orlando market. Originally built as Disney corporate housing within the Little Lake Bryan master plan, Chatham Square offers residents spacious floorplans and abundant greenspace, characteristics that are in high demand by renters.”
Located in a premier in-fill location adjacent to Walt Disney World, Chatham Square’s proximity to Interstate 4 allows for easy access to major employment, retail, dining, and entertainment centers throughout Orlando. The property is situated within a short commute of multiple key demand drivers in South Orlando, including Walt Disney World, Lockheed Martin, SeaWorld, Universal Resort, Orlando International Airport, and 13.1 million SF of office and flex space in the South Orlando Commercial Core. Orlando continues to be an attractive destination thanks to its business-friendly environment, no state-income tax, access to major transportation networks, and high quality of life.
Chatham Square features two- and three-story residential buildings and spacious one-, two-, three-, and four-bedroom floorplans. The property grounds provide residents a sprawling low-density feel with lush landscaping, bountiful public spaces, mature oak groves, and views of Little Lake Bryan. Chatham’s abundant amenity set includes two clubhouse areas, resort style swimming pool, fitness center, tennis court, sand volleyball court, outdoor pool table, garages, and more.
“Chatham Square’s irreplicable location and differentiated, low-density, product offering is what attracted us to this value-add multifamily investment opportunity. Located in Southwest Orlando, Chatham will benefit from being in one of the tightest housing markets in the country. We are glad to be expanding our trusted partnerships with Bascom and Leste through this transaction,” said Duff Bedrosian, Managing Partner at East Hill Capital Partners.

AMBLER, PA – Ambler, PA is getting ready to welcome its first new apartment community in over 50 years. While the construction of the property is moving quickly, the path to this stage of the project is an incredible story of a community coming together to bring its vision to life.
25+ years ago, Ambler was a blighted community with multiple abandoned industrial facilities. Ambler was in economic decline and was suffering from the relics of its industrial past. Through dedication and focus, members of the Ambler Borough worked diligently to attract commerce, retail, dining, arts, and culture to Ambler, transforming the town into the thriving community it is today.
Summit Realty Advisors is developing the last piece needed to complement Ambler’s revitalization – housing. In 2020, the firm broke ground on The Crossings at Ambler Station, a brand new, 114-unit apartment community. The development is under construction and will offer pet-friendly, one and two-bedroom homes ranging from 669 square feet to 1,155 square feet. “I am so grateful Summit Realty was committed to getting this project approved. It’s a testament to their unwavering dedication and vision. People are dying to come live in Ambler, but we need apartments for them. I couldn’t be more thrilled about The Crossings at Ambler Station,” said Liz Wahl Kunzier, Ambler Main Street Manager.
Each apartment will feature exquisite finishes, including stainless steel appliances, wood-plank style flooring, oversized walk-in closets, unique lighting accents, and a washer and dryer. “Being the first new apartment development in Amblerin over 50 years, we had a unique opportunity to establish a new standard for apartment living in the Borough. We wanted to create an environment that would provide our residents with a living experience unlike any other within the Ambler community,” explained John Zaharchuk, Principal at Summit Realty Advisors.
The Crossings at Ambler Station boasts an extraordinary amenity package, unrivaled by any other project of its size. Summit Realty has left no stone unturned with the community’s stand-out offerings. From lightening the workday with access to conference spaces and Zoom Rooms to a health-club style fitness center, The Crossings at Ambler Station provides best-in-class experiences at every turn. Residents have access to numerous common areas for socializing, a bark park and pet washing station, car wash, package room, and an incredible Village Green with over 23,000 square feet of beautifully landscaped outdoor space.
Perfectly sized for a close-knit neighborhood vibe, The Crossings naturally complements the Ambler scene. Within walking distance of Ambler’s main strip, residents can pop over for locally sourced goods, boutique shopping, premier dining, or a night out. The community is conveniently located next to the Ambler Train Station if they want to head into the city.
Scully Company will professionally manage the community, handle all resident programming and customer service, and bring peace of mind with 24-hour emergency maintenance.
“We are incredibly excited to be part of this awesome new project that Ambler has needed for a long time. It’s a perfect location for development. People will be in walking distance of all Ambler has to offer, even though the community is so well planned they may never want to leave it,” Jessica Scully, President of Scully Company, shared.

ORLANDO, FL – Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, announced that it has completed a significant rehabilitation of Valencia Park. The 208-unit affordable property in Orlando, Florida currently serves about 800 residents. LAC closed on the acquisition of the property in January 2021 and as part of the rehabilitation, extended the property’s affordability restriction for another 30 years.
“Lincoln Avenue Capital is a mission-driven company that works to strengthen communities through affordable housing,” said LAC CEO Jeremy Bronfman. “We are proud to expand our impact in Orlando by providing high-quality, sustainable homes for nearly 800 residents.”
“We look forward to preserving and extending the affordability of Valencia Park for another generation of residents,” said Eli Bronfman, LAC Managing Partner.
Lincoln Avenue Capital invested significantly in rehabilitating and upgrading the property. Completed upgrades to individual units include new kitchen appliances, new countertops, and vinyl plank flooring. The buildings received fresh paint and new windows as well as HVAC and electrical system improvements.
“I am thrilled about the recent renovations—it almost feels like I am living in a new place entirely,” said resident Kim Lopez, who has lived at the property since 2015. “From the new flooring to appliances, upgrades across the board have made a positive impact on my daily life.”
LAC equipped the property with a range of new sustainability features such as energy-efficient windows in each unit, low-flow appliances that preserve water, and daylight sensors attached to the buildings to conserve electricity. Additionally, LAC improved the site’s accessibility with new wheelchair-accessible paths installed throughout the property.
Valencia Park currently offers residents outdoor amenities including a swimming pool, playground, and basketball court. The property management and resident services teams will continue to provide residents with opportunities to connect through community picnics, holiday parties and programming for children on a regularly scheduled basis.

HOUSTON, TX – The Bascom Group has continued their acquisition run in Texas acquiring a 150-unit apartment community in Houston, marking their fourth Houston acquisition in nearly 12 months. Windwater at Windmill Lakes is a 150-unit community, built in 1999 and located in the southeast Houston submarket. The acquisition marks Bascom’s 39th multifamily property closed in Texas.
John Carr with Cushman & Wakefield represented the seller in the transaction. Huntington National Bank provided the debt financing for the acquisition and was arranged by Jason Pumpelly with Cushman & Wakefield. SD Cap Construction Management will provide construction management services and Cushman & Wakefield will provide property management. James D’Argenio and Chang Liu sourced and managed the acquisition for Bascom.
The apartment community is very well-maintained, offering functional, spacious interior floorplans with original construction features ideal for upgrades. The existing amenity space offers sufficient opportunities for enhancement to better serves the needs of existing and future residents. With 100% of the units in original condition, this acquisition presents an attractive opportunity to physically reposition the asset.
Demand for Houston multifamily accelerated dramatically in the second half of 2021. Houston is expected to have the third largest employment growth in the US from 2021-2026 and is expected to have the largest population gain in the US from 2021-2026.
Chang Liu, Acquisitions Director for Bascom, adds “We are very pleased with this acquisition as it aligns well with our Texas strategy of acquiring newer vintage assets with minimal deferred maintenance and major value-add potential.” Jason Hanna, Senior Vice President of Operations, comments “We are excited to acquire a property that offers characteristics, like large floorplans and ample community space, that are desired by today’s renters. We can elevate the interior design to match current modern standards and offer a boutique rental product for the submarket.”

MCKINNEY, TX – Morgan Properties, one of the nation s top three multifamily owners, announced it has acquired parcHaus at Skyline, a brand-new, 136-unit single-family rental community in McKinney, Texas. It purchased the luxury Build-to-Rent community from Dallas-based Provident Realty Advisors. Rebranded Elevate at Skyline, this transaction represents Morgan Properties first Build-to-Rent acquisition and its third rental community in Texas.
For nearly four decades, Morgan Properties has been predominantly focused on acquiring larger Class B multifamily portfolios where we can bring our value-add expertise and create operational efficiencies, said Jonathan Morgan, President of Morgan Properties JV. While these opportunistic multifamily investments remain our core focus, we also see immense opportunity in partnering with developers in the build-to-rent market and capitalizing on the growing popularity among renters for single-family homes that allow for more space and privacy.
Located right outside the Dallas-Fort Worth area, Elevate at Skyline is situated in an ideal location with direct access to Highway 380 and I-75. Residents are in close proximity to popular shopping and business centers including The Raytheon Campus and Allen Premium Outlets, local and international airports, and state-of-the-art healthcare facilities.
Elevate at Skyline offers one-, two-, and three-bedroom homes and is the perfect community for renters looking for more space and privacy than a multifamily community without the hassle of homeownership. These newly-constructed homes feature private backyards, smart thermostats and locks, energy-star appliances, in-unit washer and dryers, and modern design finishes. Elevate at Skyline s gated community is highly amenitized and offers covered and garage parking, a pickleball court, pool, dog park, business center, and more.
Single-family rental homes are in high demand in the Dallas-Fort Worth area, specifically in towns that boast a desirable quality of living, upper-echelon school districts, and a robust employer base like McKinney, Texas, said Jason Morgan, President of Morgan Properties Special Situations & Principal. This made acquiring Elevate at Skyline an easy decision for us, and one that will jumpstart our future interest in diversifying our portfolio through single-family rental communities, all while continuing to grow our presence in the thriving Sun Belt region.

CHARLESTON, SC – Material Capital Partners, a vertically integrated real estate development and investment management firm focused on build-for-rent single family rental housing communities across the Southeast and Florida, announced its latest single family rental development community, The Preserve at Sweetwater, in North Augusta, South Carolina. Groundbreaking of the community is scheduled for May 2022 with pre-leasing officially starting in November 2022 and project completion in early fall 2023.
The Preserve at Sweetwater will include 89 townhomes featuring a mix of 2 and 3 bedrooms and showcase a community of new urbanist design with intelligent use of greenspace and a wellness focus for residents, with a state-of-the-art fitness center, outdoor lounge area with firepit and outdoor kitchen, premium bark park, outdoor activity areas and walking paths. Residents will also enjoy private, fenced backyards and patios. Each of The Preserve at Sweetwater’s townhomes will be outfitted with smart home features that will include smart locks, thermostats, garage door openers and all-electric energy rated stainless steel appliances. The homes will also feature luxury upgraded finishes that include custom kitchen cabinetry and large center islands, designer tile backsplashes, granite countertops and rich wood-style plank flooring to provide residents with a warm and inviting place to call home.
Alex Chalmers, Managing Partner at MCP, said, “MCP is thrilled to bring our build-for-rent product to North Augusta and be a part of the community. The Preserve at Sweetwater is a great example of how MCP seeks to generate exceptional living experiences for people who want the luxury amenities of a Class A apartment building but desire the lifestyle of a house with more space, a backyard and garage within a single-family rental community.”
With the community’s prime location near the intersection of I-20 and I-520, residents will be minutes away from large corporate employers, major healthcare systems, outdoor recreation offerings and popular retailers. Key employers in the area include Bridgestone, Rolls-Royce, Generac, the US Army Cyber Command at Fort Gordon, the Georgia Cyber Center, Amazon distribution center, Club Car headquarters and Augusta University. The community sits within an excellent school district and is across the street from Walnut Lane Park.
“North Augusta is a key part of one of the strong ascendant secondary markets in the Southeast. It has a well-deserved great reputation for quality of life. Located between Aiken and Augusta, the city benefits from wonderful amenities and new jobs combined with low cost of living and low cost of housing,” said Joel Presley, MCP Partner and Augusta resident for 30 years.
The Preserve at Sweetwater will be built by local Augusta firm Winchester Commercial Group, MCP’s dedicated construction partner for all its Southeast communities.

JACKSONVILLE, FL – Middleburg Communities, a Vienna, Virginia-based real estate investment, development, construction and management firm, in partnership with Parse Capital, a subsidiary of The Wolff Company, have started construction on The Hamlet at Wildlight, a 250-unit, single family rental community on a 31-acre development site in the 2,900-acre Wildlight Master-planned community in the Jacksonville MSA. The Hamlet at Wildlight will include cottages, townhomes and duplexes. Construction is expected to be completed in Q4 2023.
Middleburg is poised to be a national leader in newly-developed single family rental communities, with plans to start construction on nearly 2,700 units in 10 communities throughout the Southeast U.S. this year. The firm is actively expanding its construction team based out of its Charlotte, NC division office to support this growth, including the recent opening of a new division office in Orlando, FL which will staff project managers, project engineers, and field superintendents.
Middleburg is building dedicated built-to-rent communities that offer the privacy and outdoor space of traditional single-family detached homes, but do not require a down payment or maintenance from the residents. By having onsite staff, BTR communities feature better professional management than a typical single-family rental.
Middleburg’s The Hamlet-branded SFR communities blend the comforts of a single-family home and the welcoming feel of a neighborhood, with the flexibility and ease of maintenance-free living. Each location features best-in-class amenities and environmentally friendly design.
The Hamlet communities are anticipated to draw interest from current multifamily apartment residents as well as existing single-family home renters and would-be buyers. Building on Middleburg’s proven market strategies, The Hamlet communities are well-located in high job growth Southeastern markets near major arterial highways, grocery, retail, entertainment and healthcare services, quality school districts and job centers. Community designs utilize Traditional Neighborhood Design principles with cottages oriented toward shared outdoor spaces and fronting pedestrian-friendly, tree-lined streets. Sustainability and walkability are emphasized in each community’s design.
Wildlight is a newly developed 2,900-acre community planned for 3,200 units and 6.2 million square feet of commercial development along with parks, a 10-mile trail network, wellness facilities and an abundance of permanently preserved open space including ballfields. Wildlight is situated just 20 minutes north of Jacksonville along I-95 in rapidly growing Nassau County. Existing and announced employers include UF Health, YMCA, HCA Healthcare, Baptist Health and Publix. The Hamlet at Wildlight will be proximate to the new Wildlight Elementary, which carries a 9/10 Great Schools rating.