The NRP Group announced the groundbreaking of Stone Ridge at High Street, a 150-unit affordable housing community in Columbus, Ohio. The project, developed in partnership with the City of Columbus and the Ohio Housing Finance Agency, will serve working professionals and families earning up to 60% of the Area Median Income. According to the company, the development represents a transformation of a previously vacant site located approximately one mile from downtown Columbus. Aaron Pechota, Executive Vice President of Development at

Thompson Thrift announced the development of Avira at Silver Comet Trail, a 319-unit multifamily community in Powder Springs, Georgia. Construction is underway with resident move-ins expected to begin in October 2027. The community is located at the southeast corner of Highway 278 and Isley Stamper Road, according to the release. The site is adjacent to the Silver Comet Trail, a 61.5-mile multiuse trail that spans Cobb, Paulding and Polk counties and provides opportunities for walking, running and cycling. “Avira at

Knightvest Capital announced the acquisition of the Silicon Hills portfolio, comprising 3 communities totaling 1,027 units in Round Rock, Texas within the Austin MSA. The transaction represents the 20th investment in Knightvest’s Fund II. The portfolio includes Enclave at La Frontera, a 411-unit community built in 2004, Lakeside at La Frontera, a 366-unit community built in 2001, and Legends Lake Creek, a 250-unit community built in 2001. Enclave and Lakeside are located adjacent to one another within the La Frontera

JVM Realty Corp. announced it has acquired a 280-unit apartment community in Oswego, Illinois, and rebranded the property from Springs at Oswego to Trillium at Oswego. The company purchased the property from Continental Properties in a transaction brokered by Cushman & Wakefield. Located at 801 Fifth Street, the gated community was completed in 2019 and features townhome-style design across a collection of 2-story residential buildings. According to the announcement, the property offers studio, 1-bedroom, 2-bedroom and 3-bedroom floor plans ranging

Thompson Thrift announced the development of Rivet, a 300-unit Class A apartment community in Chelsea, located in the Birmingham metropolitan area. The community will be situated on nearly 29 acres along the U.S. 280 corridor. According to the company, Chelsea is one of the fastest-growing and most affluent communities in the Birmingham region. “Chelsea is one of the most attractive growth markets in the area, supported by strong economic fundamentals, continued investment and a highly desirable location,” said Josh Purvis,

Southern Management Companies announced its acquisition of The Shelby Apartments, a 240-unit mid-rise community in Alexandria, Virginia. The transaction adds to Southern Management’s portfolio of properties across Maryland and Virginia. The Shelby features primarily 1-bedroom and 2-bedroom apartment homes with spacious floor plans and updated finishes. Community amenities include a fitness center, pet-friendly grounds, pet care facilities, a clubhouse, swimming pool, and outdoor grilling areas. “The Shelby is a strong addition to our portfolio and reflects our continued confidence in