ECI Group Executes Successful Sale of Revamped The Columns at Westchase to Mosaic Residential: A Triumph of Multifamily Real Estate Investment and Enhancement

ECI Group has successfully sold The Columns at Westchase apartment community in Houston, TX to Mosaic Residential. Acquired by ECI in 2018, the community received numerous renovations, enhancing apartments with high-end finishes and updating community amenities. The sale marks a key achievement reflecting ECI's commitment, insights, and efforts. ECI’s chief acquisitions officer, Scott Levitt, expressed pride in the successful repositioning of The Columns, and affirmed plans for future investments in Texas' vibrant market.

Groundbreaking New Building in Bethesda Marks Milestone for Greystar Real Estate Partners and Partners Group Collaboration

Construction of a new high-end residential building by global property giants Greystar Real Estate Partners and Partners Group has begun in Bethesda. The building at 7340 Wisconsin Ave will feature 301 homes, a stylish geometric terracotta façade, minimalist interiors, and upscale amenities such as private viewing rooms, work-from-home setups, and fitness centers. The construction is expected to be finished by early 2026, and represents a significant milestone in real estate investment amidst environmental uncertainties.

Wood Partners Unveils Alta University Place: A Fusion of Luxury and Localization In Vibrant Tacoma, Washington

Wood Partners, a leading player in the multifamily real estate industry, has launched its third development in the Seattle-Tacoma market - a luxury residential community called Alta University Place. Situated in the beautiful University Place near Tacoma, Washington, this development exhibits the firm’s commitment to offer diverse and accessible luxury living options. The community provides residents with ready access to local amenities, key transit routes, shoreline parks, and renowned golf courses. The apartments range from studios to three-bedroom homes, all distinguished by contemporary designs and premium finishes.

Groundbreaking of Modera SoBro: New Chapter in Nashville’s Multifamily Housing Boom Commences

Construction has started on Modera SoBro, a midrise apartment community in the South Broadway (SoBro) district of Nashville. The development, just a short walk from the city’s central business district, is part of Mill Creek Residential's nationwide portfolio of high-quality residences. Mill Creek’s Senior Managing Director Luca Barber said the development would offer a "top-of-market experience," with spacious, one-, two- and three-bedroom homes and modern amenities such as a resort-style pool, rooftop grilling area and a state-of-the-art fitness center. Completion is slated for March 2025.

37th Parallel Properties Strikes a Bold Move with Groundbreaking Acquisition in Huntersville, NC

Leading multifamily real estate investment firm, 37th Parallel Properties, has obtained Greys Harbor at Lake Norman, a 312-unit residential community in Huntersville, NC. This pivotal acquisition serves as the firm's inaugural investment in Charlotte and further taps into North Carolina’s multifamily real estate market. The decision corresponds with a demand-supply gap in Huntersville's apartment sector and a desire for more affordable rental options amidst steep home prices. Moreover, the acquisition marks a key investment in 37th Parallel's second fund, 37P – Fund II, amplifying its reach in prosperous Southeast and Texan markets.

Wood Partners Unveils Luxury Residential Community Alta Sergeant, Fusing Modern Conveniences and Natural Beauty in Conroe, Texas

Wood Partners continues to dominate the multifamily real estate sector with the opening of Alta Sergeant, a luxury apartment community in Conroe, Texas. The city has witnessed growth since 2010, becoming a go-to hub for corporate headquarter relocation. Alta Sergeant offers 354 apartment units and utilizes cutting-edge technology in its common areas, fitness and business centers. It also prioritizes residents' convenience and interaction, with a pool, outdoor kitchen, and dog park among its amenities. Its proximity to Lake Conroe and other nature spots offer residents a blend of luxury living and outdoor activity.

Groundbreaking Mixed-Income Development: A Partnership Driven Success in Havre de Grace

Maryland-based affordable housing developer, Green Street Housing, has initiated its latest mixed-income construction project, Village at Blenheim Run. Located in Havre de Grace, Maryland, the development will blend affordable and commercial housing, aiming to stimulate the local community both economically and socially. The groundbreaking venture has been funded by a range of sources including Hudson Housing Capital, Bank of America, Freddie Mac, PNC, and a grant from the Federal Home Loan Bank of Atlanta. The enduring mission for Green Street Housing and co-developers TM Associates Development, Inc. aims to create sustainable community assets and inspire further housing projects nationwide.

Venterra Realty Acquires Avasa Hammock Landing to Strengthen Portfolio and Elevate Living Standards in Multi-Family Sector

Venterra Realty has acquired Avasa Hammock Landing, expanding its portfolio with a strategic acquisition that supports business growth and regional development. Situated along the I-95 corridor in West Melbourne, Florida, the property is conveniently located near key employers in the aerospace and defense industries. The community of 300 modern units offers appealing features like quartz countertops and spacious closets, plus amenities like a saltwater swimming pool, fitness center, and dog wash station. Venterra Realty plans to build on the property’s already rich offerings, enhancing the living standards for its residents.

Silver Spring Charts Promising Course: Green Street Housing and TM Associates Development Initiate Groundbreaking Affordable Housing Project

Green Street Housing and TM Associates Development have begun construction on an entirely affordable housing development in Silver Spring, Maryland. The Sligo Apartments project is financed by a Low-Income Housing Tax Credit investment from Hudson Housing Capital and Capital One, along with loans from the Maryland Department of Housing and Community Development. The development aims to provide quality, affordable homes to qualifying tenants, while also offering market rate units and commercial rental spaces.

Toll Brothers Announce Lumara: A New Standard for Luxury Multifamily Living in Phoenix, Arizona

Phoenix, Arizona is set to gain a luxury residential development called Lumara, financed by an $86 million construction loan. The project, a partnership between Toll Brothers and Willton Investment Management, will deliver a four-story, 456-unit multifamily community with features such as EV charging stations, a heated resort-style pool, a rooftop terrace, and a virtual sports simulator. Lumara's location in North Phoenix, close to major employment corridors like the Taiwan Semiconductor Manufacturing Company's future plant, signifies Toll Brothers’ commitment to community-centered living and sustainability.