Mill Creek Residential announces preleasing for Modera Georgetown, a luxury community that blends modern sophistication with Georgetown, Texas's charming vibe. Offering high-end amenities and situated just 25 miles from downtown Austin, it promises exceptional living amidst a booming locale.

Thompson Thrift, an established real estate company, has announced the development of The Junction at Rockledge, a 380-unit Class A apartment community in Rockledge, Florida. The project seeks to address the gap in multifamily residential offerings in the region, which is seeing significant growth. The Junction at Rockledge will sit on 25 acres, offering one-, two-, and three-bedroom apartments along with high-end amenities, such as fitness centers, pools, and beachfront facilities, to cater to rising living standards and remote working trends.

MG Properties strengthens its presence in Denver, Colorado, with the $76m acquisition of the Bear Valley Park Apartments. This is the third multifamily acquisition for the leading real estate investor in the Denver region in 2023. Located on the Lakewood border in Southwest Denver, the residential community offers a premium suburban living experience with quick access to the Southeast Business Corridor and Downtown Denver. Completed in collaboration with Jackson Square Properties and JLL Capital Markets, this deal underlines MG Properties' continued investment in the promising Denver real estate market.

Stoneweg U.S., an American real estate investment and development firm focusing on workforce housing sector projects with enhanced ESG commitments, has procured the Prose Frontier. The asset valued at $2.1 billion is soon to be rechristened as Prosper Crossings. The newly acquired property lies in Collin County, Texas, and features ten three-story buildings spread across 15 acres, developed by Alliance Residential and Carlyle. The development further features environmentally friendly improvements like EV charging stations and a solar panel array, along with upgraded community amenities.

Capital Square and Sunstone Two Tree have announced a new build-for-rent community named Ironwood Homes at Rosefield in Phoenix, Arizona. The 29-acre development will host 320 single-family rental homes, a blend of larger units, dedicated parking, and private yards with renting convenience. Anticipated to open in summer 2025, it aims to provide an array of amenities. The skyrocketing population growth and an acute shortage of high-quality single-family rental options in Phoenix make this a favorable investment opportunity.

Passco Companies, a California-based commercial real estate enterprise, has acquired the 278-unit Class-A Cortona at Forest Park apartment community in St. Louis, Missouri. This major acquisition highlights the potential in the dynamic urban center's real estate market, with the premium property situated close to Forest Park, Clayton, and Central West End. Its invaluable location and top-tier amenities have attracted a robust occupancy rate of 93%. The transaction was facilitated by JLL Capital Markets and financed by KeyBank Real Estate Capital's Commercial Mortgage Group.

Capital Square and May Riegler Properties have completed the first phase of Steamboat Basecamp, a mixed-use multi-family development featuring 75 rental apartments and over 8,343 sq ft of unique retail space. The rapid lease uptake, with 80% of apartments already occupied, reinforces the high demand for residential real estate in Steamboat Springs. This development is especially significant due to the region's chronic housing shortage. With the inclusion of numerous amenities for residents and plans for additional townhouses, Capital Square continues to make notable contributions to the national multifamily housing landscape.

Lincoln Avenue Communities (LAC) has begun construction of The Residences at Chestnut, a 142-unit affordable housing development in Manchester, New Hampshire. The project, LAC’s first ground-up development in the region, addresses the state's ongoing housing crisis. The Residences will include 106 apartments for households earning below 60% of the area median income and 36 units with project-specific vouchers, including 30 for veterans and their families. The project also features an underbuilding parking garage, a roof deck, fitness center, and bike storage and is set for completion in 2025.