ARCTRUST Private Capital and Edison Equity Residential announced the construction loan closing for Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas. The development is located 25 miles west of Austin, and North River Partners provided the financing. According to the announcement, this marks the second collaboration between ARCTRUST Private Capital, the capital markets division of the ARCTRUST Group of Companies, and Edison Equity Residential. The partnership previously developed The Serenova at Woodforest, which broke ground

Fairfield announced the acquisition of Portofino Place Apartments, a residential community located at 4400 Portofino Way in West Palm Beach, Florida. The property offers 1, 2, and 3 bedroom apartment homes, as well as 2 story loft residences. The community is located minutes from Downtown West Palm Beach and includes 4 resort style swimming pools, a 24 hour fitness center, yoga studio, pickleball and tennis courts, indoor basketball court, coworking space, dog park, guest suite accommodations, and multiple social and

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