NASHVILLE, TN – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced construction is underway at Modera Nations, a podium-style apartment community in The Nations neighborhood along the Cumberland River.
Modera Nations, which will feature 396 homes, will sit approximately three miles west of Downtown Nashville in one of the city’s fastest-emerging submarkets. The community is located on top of a prominent bluff adjacent to the Cumberland River and will offer expansive riverfront and skyline views. The community first broke ground in December 2023, with first move-ins anticipated for Fall 2025.
“Nashville continues to be an extremely attractive market due to its ongoing employment growth, thriving market fundamentals and overall recession resilience,” said Luca Barber, senior managing director of development in Nashville for Mill Creek Residential. “The city’s westside has transformed over the past decade, as vacant warehouses have been replaced by creative office space, coffee shops and eclectic retailers. Apartment demand has followed, and we look forward to offering a best-in-class living experience as the neighborhood continues to grow.”
Situated at 1650 54th Avenue N, Modera Nations sits at the brink of several industrial redevelopments and adaptive reuse projects, including Stocking 51, Stateline and Silo Studios, which combine for more than 320,000 square feet of mixed-use space for creative office, retail and entertainment. Additionally, the popular Nashville Greenway is projected to significantly expand with a planned access point at the north end of the community. The community will also offer easy access to Interstate 40 and is a five-minute drive from Downtown Nashville.
Modera Nations will offer studio, one-, two- and three-bedroom homes with select den layouts. The community will feature a sophisticated modern design, private patios and balconies and will be home to the only bowling alley lounge in the city. Additional community amenities will include a contrast therapy spa with two saunas and a cold plunge, coworking lounge with private workstations and group meeting areas, club-quality gym with Peloton bikes and yoga/Pilates studio, four landscaped courtyards with outdoor dining and grilling areas, community garden, resort-style swimming pool, dog park with pet wash and a rooftop deck. The community will also include a mix of garage and surface parking with EV charging stations, bike lockers, cold storage delivery and additional private storage space options.
Home interiors will feature oversized floor-to-ceiling windows, wood plank-style flooring, stainless steel appliances, quartz countertops, tile backsplashes, soft-close cabinets with under-cabinet lighting, pendant lighting, moveable kitchen islands, in-home washers and dryers, smart thermostats, key fob access, controlled-access guest technology and pre-installed in-home WiFi. Bathrooms will include designer vanity mirrors, tiled showers, quartz countertops and custom cabinetry. Modera Nations will be built to, and is pursuing, an NGBS Silver Certification.

FORT WASHINGTON, PA – Jefferson Apartment Group JAG) and equity partner CP Capital announce the delivery of J Veridian at Upper Dublin, a 310-unit Class A community on 14 acres in Fort Washington, Pennsylvania, a Philadelphia suburb in Montgomery County.
The community, located at 1125 Virginia Drive, spans three 5-story buildings situated among 8 acres of open space. A pedestrian promenade creates a walking path that connects each building. It also connects to existing walking and biking trails in Fort Washington and provides access to adjacent retail.
Residents will enjoy 12,000 square feet of indoor amenities anchored by a grand clubroom and bar. Other features include a game area with billiards, shuffleboard and arcade gaming; a lounge with a double-sided fireplace; a poker room; leading-edge fitness center; resident movie theater; private dining room; and co-working area with soundproof office pods.
Outdoor amenities are just as extensive. Two pickleball courts, a dog park with separate areas for large and small dogs, and community garden plots are bonus features alongside a resort-style courtyard area with swimming pool, grilling stations, fire pits, abundant lounge areas, and multiple pocket parks.
J Veridian at Upper Dublin pulls out all the stops for resident life and is a wonderful addition to a sought-after suburb of Philadelphia, said Drew Chapman, JAG Senior Vice President and Development Partner. Our partners at CP Capital recognized the strength of this development opportunity, and we re excited to deliver on the vision for this fully-amenitized community with them.
Unit options range from 1- to 3-bedroom floorplans, with each reflecting JAG s luxury standard to include top-line quartz countertops, stainless steel appliances, tile backsplashes and plank flooring throughout.
The community also provides surface parking, private garage options, and EV charging stations.
JAG is a proven leader in East Coast multifamily, and we are happy to have forged a new partnership with them for J Veridian at Upper Dublin, said Jay Remillard, Co-Head at CP Capital. It s a standout development in a prime location with a formula for success – easy access to Philadelphia, exceptional schools, major employers, and abundant lifestyle and recreation offerings.
The community s location provides immediate access to the Pennsylvania Turnpike (I-276) and easy accessibility to major employment centers. It s a 20-minute drive to King of Prussia, 30 minutes to Center City, and is only 90 miles to New York City. Residents will also benefit from adjacent retail options including Wawa, LA Fitness, CVS, Walmart, Sam s Club, Sprouts, Lululemon, Chipotle, Chick-fil-A and Starbucks.
This initial delivery is one building, with final delivery expected this spring. Financing was provided by United Bank.
This is JAG s second major delivery in the Philadelphia area in the past year. Rivermark at Northern Liberties delivered this summer on the city s Delaware River waterfront. The long-awaiting community features 470 luxury units across two mid-rise buildings, 45,000 square feet of retail anchored by a 24,000-square-foot Sprouts Farmers Market, and 4 acres of public-use space.
JAG has developed four other multifamily communities in the Philadelphia region: 230 units in West Chester, 250 units in Wynnewood, and 291 units in Exton in Pennsylvania, and 490 units in Mount Laurel, New Jersey. JAG s fifth community in the region broke ground early this year Burlington, New Jersey.

NEWPORT, NJ – New York-based real estate developer LeFrak completed the largest solar panel installation on a high-rise multifamily residential building in New Jersey. The Beach, a 336-unit rental tower in Jersey City’s waterfront Newport neighborhood, is now home to a 180kW, 450-panel rooftop system that will offset 13 percent of the building’s carbon emissions, equivalent to the carbon emitted by 179 acres of US forests in one year or removing 37 gasoline-powered cars from the road each year. In the last decade, LeFrak has invested well over $100 million in energy conservation and decarbonization measures throughout its national portfolio, including nearly $1 million to bring this installation to The Beach.
“LeFrak is committed to community development and promoting environmental sustainability,” said Charles Burton, Head of Community Relations for LeFrak. “We’re proud to offer New Jersey’s largest solar installation at a high-rise residential community. This initiative exemplifies our continued dedication to creating a well-rounded lifestyle for our Newport residents while doing our part to protect the environment. By integrating sustainable practices like this, we’re helping shape a greener future, not just for our buildings, but for the communities around us.”
“Newport’s commitment to reducing its carbon footprint is a prime example of the smart, sustainable development we strive to achieve citywide,” said Jersey City Mayor Steven Fulop. “A solar panel installation of this size in Jersey City sets the standard for future projects across the state and country. Our thanks to Newport for leading by example as a forward-thinking community within our city.”
The new rooftop system offsets energy produced by electrical systems used in The Beach’s common area spaces, including those that power elevators and lighting, as well as cooling and ventilation in the building’s lobby and amenities. The innovative design of The Beach’s roof and the orientation of the building optimize the amount of solar power generated by the system. The system was installed by Sunkeeper Solar, a Brooklyn-based solar energy company.
“This is exactly what we should be seeing in Jersey City with the expansion of new high-rise residential development and the push for more sustainable development. Solar makes sense on multi-family buildings, and especially because Jersey City is vulnerable to the impacts of climate change, projects like this should become the bar for new development. Going solar saves consumers money, reduces air pollution and creates a more resilient energy grid — solar is a double green amenity,” said Doug O’Malley, Director of Environment New Jersey.
As part of Jersey City’s waterfront Newport neighborhood, created by LeFrak and Simon in the 1980s, The Beach offers 336 studio to four-bedroom rental homes spread across two towers and a collection of thoughtful amenities including a coworking lounge, state-of-the-art fitness center and outdoor pool. The building reached 75 percent leased in just 10 weeks when it opened in 2021 and continues to resonate with renters looking for a full-service waterfront lifestyle. Newport is one of the most successful mixed-use master-planned developments in the country and represents a sought-after approach to urban living with its collection of high-quality residential developments, neighborhood-serving retail and plentiful outdoor amenities all situated along the Hudson River waterfront.
LeFrak continues to champion sustainability initiatives throughout their communities and developments across the country. Last year, LeFrak partnered with electric vehicle-sharing platform Envoy to offer Newport residents exclusive car-sharing benefits and access to a fleet of on-site electric vehicles, representing Envoy’s first expansion into New Jersey.
LeFrak’s sustainability efforts also stretch into Queens, New York, where the developer partnered with Blueprint Power to enhance energy efficiency at its 20-building residential development LeFrak City. Supported by a $3 million grant from NYSERDA, this initiative helped transform LeFrak City into a clean energy hub by integrating solar panels and over 150 EV charging stations. LeFrak also participated in New York State’s Empire Building Challenge, through which they completed a significant decarbonization of 59-17 Junction Boulevard, a 20-story commercial building in Queens. Valued at $19.7 million, the measures aim to reduce site energy use by over 33 percent, resulting in the overall reduction of onsite fossil fuels by 2035. This initiative highlights the intersection between decarbonization and resiliency, in which necessary upgrades can be leveraged to integrate low-carbon solutions and safeguard critical building systems from future climate impacts.

CHARLOTTE, NC – Flournoy Development Group announced the completion of Ellison Mallard Creek, a premier mixed-use community in Charlotte’s rapidly expanding University City submarket. The newly finished development delivers a thoughtfully crafted living experience with 341 modern multifamily units, 56 for-rent townhomes, and flexible ground-floor retail, office, and commercial spaces within a walkable “Main Street”-style streetscape.
This premier community integrates best-in-class amenities, including a spacious central greenspace, resort-inspired pool and entertainment courtyard, communal and private co-working spaces, state-of-the-art fitness and wellness center, and specialty spaces such as a hobby/craft studio and an elevated resident club room featuring gaming and grab-and-go market areas. Designed to foster connection, relaxation, and convenience, Ellison Mallard Creek joins Flournoy’s Ellison premier multifamily brand to set a new standard for rental living in Charlotte’s burgeoning University area.
“Charlotte’s University City region continues to flourish, driven by corporate investment, educational growth, and strong residential demand,” said Ryan Foster, Senior Vice President of Development at Flournoy Development Group. “We are thrilled to introduce this vibrant community, which exemplifies our commitment to delivering exceptional living environments that enrich the surrounding neighborhood.”
Located in one of Charlotte’s largest employment centers, Ellison Mallard Creek provides residents with unparalleled connectivity to key business, commercial, and academic hubs. Residents enjoy immediate access to I-85 and I-485 and close proximity to the JW Clay Blue Line Station, offering direct light rail service to Charlotte’s key employment and entertainment hubs.

LOUISVILLE, KY – Morgan Properties, the nation s largest private owner of multifamily communities, announced its entry into Kentucky with the $39 million acquisition of Blankenbaker Crossings, a 236-unit garden-style apartment community in Louisville. Kentucky is now the 20th state in Morgan Properties rapidly growing portfolio, solidifying the company s presence as a leader in multifamily and marking a strategic expansion into one of the Heartland region’s most promising markets.
Entering Kentucky and adding the 20th state to our growing portfolio is a pivotal way to kick off Morgan Properties 40th-anniversary year, said Jonathan Morgan, Co-President of Morgan Properties and President of Morgan Properties JV. As a company, Morgan Properties remains bullish on the Midwest and will continue to strategically identify opportunities where we can leverage our four decades of success in multifamily to enhance the living experience for residents in high-growth markets here and across the country.
Blankenbaker Crossings offers convenient access to public transportation, major employment hubs such as UPS, Norton Healthcare, and Ford Motor Co., and local Louisville attractions like Waterfront Park and a thriving dining and entertainment scene. Built in 2005-2006, the property maintains a 96% occupancy rate and provides a significant repositioning opportunity, as most units remain in original condition. Morgan Properties plans to invest $2.1 million in renovations and upgrades including kitchen and bath renovations, the addition of washers and dryers, smart apartment features, and new community amenities such as a pickleball court, dog parks, and Amazon package hubs. These investments aim to enhance the property s curb appeal and deliver an exceptional living experience for residents.
Expanding into Kentucky is a natural extension of our robust footprint in neighboring states like Ohio and Indiana, said Jason Morgan, Co-President of Morgan Properties and President of Morgan Properties Special Situations. Blankenbaker Crossings presents a compelling opportunity to bring our proven professional management expertise and value-add repositioning strategies to a new, highly desirable market while capitalizing on Louisville s strong rent growth and economic stability.

CHARLOTTE, NC -The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with the City of Charlotte, announced the opening of a 200-unit affordable housing community in Charlotte, North Carolina. The development provides high-quality, amenity-rich housing to residents earning between 30% and 60% of the Area Median Income (AMI). A limited number of workforce housing units are also reserved for residents earning up to 80% AMI.
Residences at Cedar Creek demonstrates our unwavering commitment to delivering affordable housing developments that prioritize quality and convenience, said Jason Mochizuki, Vice President of Development at The NRP Group. With a robust amenities package tailored for working professionals and families in the area, this community will ensure residents enjoy a high standard of living. With its prime location along the I-77 corridor, residents will enjoy seamless connectivity to employment hubs, schools and essential services throughout Charlotte.
Located at 7224 Forest Point Boulevard in the Southeast district, the development offers easy access to I-77 and is a 15-minute drive to Charlotte Douglas International Airport. The development is also located near ample retail and dining options, as well as pharmacies, schools and job centers.
Residences at Cedar Creek represents a pivotal step forward in our mission to ensure every Charlotte resident has access to safe, affordable, and high-quality housing, said Warren Wooten, Assistant Director of Affordable Housing at the City of Charlotte. As our city continues to grow and attract new families and businesses, developments like this play a crucial role in addressing housing needs and fostering economic inclusivity.
Residences at Cedar Creek consists of three four-story buildings designed to accommodate both working professionals and growing families. Each apartment boasts open-concept layouts complete with private patios/balconies, spacious walk-in closets and sleek modern cabinetry. The development offers one-to-four-bedroom floorplans to suit diverse needs and features best-in-class amenities such as a 24-hour fitness center and a conference center with a WiFi-enabled cyber café ideal for remote work. Additionally, family-friendly amenities include an onsite playground and covered picnic areas.
Bank of America and KeyBank provided financing for the project. The City of Charlotte invested $2.5 million in Housing Trust Fund gap financing in this development and the North Carolina Housing Finance Agency provided $22 million in 4% Low-Income Housing Tax Credits.
Bank of America is pleased to help finance Residences at Cedar Creek, providing much-need affordable housing to families in Charlotte, said Miles Cary, Senior Vice President of Community Development Banking at Bank of America. Working with our partners at The NRP Group, we are helping build safe and strong communities that are retail- and commuter-friendly.
KeyBank is thrilled to have provided a permanent source of financing for the citizens of Mecklenburg County, said Robbie Lynn, Senior Vice President at KeyBank. The partnership between Mid Atlantic, NRP, the county and city shows what can be achieved with strategic public-private partnerships accomplishing much-needed housing inventory and affordable home goals.
The NRP Group has developed more than 4,000 units in North Carolina. Residences at Cedar Creek is the company s eighth development in Charlotte, comprising over 2,000 units to date.

WASHINGTON, DC – Clear Investment Group announced the acquisition of the iconic 681-unit Marbury Plaza in Southeast Washington, D.C. The property, once home to notable residents including Isaac Hayes, will undergo a transformative rebranding to become Langston Views, a name that reflects both the community’s vibrant history and its promising future, given Clear’s inclusive approach to community building.
Marbury Plaza has been a cornerstone of the local community for decades. Clear Investment Group’s revitalization efforts will feature modern amenities that enhance the living experience for current and future residents. Planned upgrades include a new fitness facility, upgraded locker rooms and swimming pool areas, advanced security systems, and renovated common spaces. Additionally, an on-site convenience store will provide everyday essentials within arm’s reach.
The acquisition and rebranding were made possible through collaboration with the Office of the Mayor and the Attorney General. This partnership underscores Clear’s commitment to working closely with local authorities to bring about positive change, while strengthening local partnerships.
“This acquisition exemplifies Clear’s mission to revitalize distressed multifamily housing using ethical, sustainable, and transparent practices,” said Amy Rubenstein, CEO of Clear Investment Group. “Langston Views will honor its historic legacy while offering modern amenities and fostering a thriving, diverse community. We are proud to work alongside city leadership to provide housing solutions that benefit Washington, D.C. residents and align with our commitment to positive social impact.”
Clear’s acquisition of Langston Views dovetails seamlessly with its portfolio strategy, focusing on revitalizing urban multifamily housing to deliver long-term value for both investors and the community. The rebranding of Marbury Plaza into Langston Views symbolizes a new chapter—one rooted in community engagement, modern living, and respect for the property’s rich heritage, while demonstrating its ongoing dedication to improving housing standards and creating vibrant, sustainable communities.
“Langston Views is a prime example of Clear Investment Group’s dedication to identifying opportunities for impactful investment and creating dynamic livable spaces,” stated Razi Uddin, Clear Investment Group’s CFO and Managing Director. “The rebranding and upgrades will strengthen the property’s legacy while supporting the city’s ongoing efforts to provide welcoming, safe, quality, affordable housing – not just a house for our residents, but a home.”
With this Washington D.C. acquisition, Clear Investment Group significantly enhances Clear Opportunities Fund I, with its 5th portfolio acquisition, reinforcing its position as a leader in the strategic acquisition and disposition of multifamily assets, delivering value for its investors across a growing national footprint. “”We are thrilled to acquire our first property in the Washington D.C. area which aligns perfectly with our growth strategy and commitment to finding distressed assets in the workforce-housing sector,” added Rubenstein. “By acquiring these units at the current price point, we see an excellent opportunity to generate attractive returns for our investors while expanding our portfolio in key geographic areas.”

TEMPE, AZ – Construction is completed at Northbend, a 310-unit community featuring three garden-style apartment buildings in Tempe, Arizona. McShane Construction Company built the development on behalf of repeat clients Banyan Residential and Milhaus.
“We are proud to have delivered Northbend, a community that seamlessly blends modern design, high-quality construction, and resort-style amenities,” commented Scott Salyer, Vice President & Regional Manager at McShane. “It was an honor to partner with Banyan Residential and Milhaus to bring their vision to life in the vibrant city of Tempe.”
Designed by Todd & Associates, the property offers generous amenity space, including a 4,300-square-foot clubhouse. Residents can enjoy a resort-style pool and sun deck, a fully equipped fitness center and yoga studio, a trading post with outdoor equipment loans, and outdoor spaces including a courtyard with fire pits, an entertainment lawn, and a dog park overlooking downtown Tempe.
Each unit boasts an open-concept floor plan complemented by nine-foot ceilings and large windows. Residents can choose from multiple finish options and will find high-end features such as large kitchen islands, quartz countertops, stainless-steel appliances, wood-style flooring, and designer light fixtures. Additional amenities include keyless entry systems, in-unit washers and dryers, and walk-in closets. Select units offer courtyard, pool, or city views and private patios or balconies.
The property also boasts a small number of live-work units providing separate “store front” style entrances for small business owners.
The garden-style buildings integrate wood frame construction with facades of stucco, thin brick, and wood-look metal lattice.

WILMINGTON, NC – Middleburg Communities, a leading developer of rental housing throughout the Southeast and Sunbelt announced that it has secured construction financing for Mosby Barclay West, a 290-unit Class-A apartment community in Wilmington’s rapidly growing Midtown market. The development represents a joint venture partnership with Cincinnati-based Eagle Realty Group and marks Middleburg’s third development in Wilmington since 2021, following the successful completion of another Class A multifamily community, Mosby Riverlights, and Hamlet Barclay West, a 280-unit build-to-rent neighborhood currently under construction and delivering its first units in Spring 2025. Construction on Mosby Barclay West will commence immediately.
Mosby Barclay West will be strategically positioned within the Barclay West master plan, which at full buildout will feature a complementary mix of residential, retail and commercial uses. The community will be situated adjacent to Middleburg’s Hamlet at Barclay West, creating a dynamic residential district that offers prospective residents choice between traditional apartment living and professionally managed single-family rental homes. Both communities will benefit from walkable access to The Pointe at Barclay, a thriving retail and entertainment destination featuring 150,000 square feet of space anchored by The Pointe 14 Theatre and numerous dining options. The property offers excellent connectivity to major employment centers, with Downtown Wilmington, UNC Wilmington, and the region’s beaches all accessible within 15-20 minutes.
Wilmington has emerged as the fastest-growing rental market in the country since 2020, with the number of renter households increasing by 25.2% from 2020 to 2023, according to data from RealPage Market Analytics. This remarkable growth underscores the strong demand for rental housing in the area.
“Wilmington’s economic success and population inflows over the years have resulted in robust demand for high-quality rental communities like Mosby Barclay West,” said Spencer Merritt, Development Partner for the North Carolina region at Middleburg. Our investment in Wilmington reflects our strategy of expanding our presence in fundamentally strong Southeast markets with above-average job and population growth and sustained rental demand. By strategically positioning the project within the Barclay West master plan, it will be part of a vibrant, connected community that meets the evolving preferences of today s renters.
Mosby Barclay West will offer a variety of one, two and three-bedroom floorplans across five residential buildings, all with elevator access and conditioned corridors. Residents will enjoy modern interiors with hard stone countertops, stainless steel appliances, shaker cabinets, tile backsplashes, in-unit washers and dryers, and luxury vinyl plank flooring. The community will provide an extensive array of amenities, including a clubhouse with a resort-style pool and fitness center, a dedicated dog park with a pet spa, and convenient features like electric vehicle charging stations, 24/7 package reception, and collaborative coworking spaces.
The project is slated to open in the summer of 2026. Upon commencement, Mosby Barclay West will join Middleburg’s active development pipeline, which currently includes 14 communities under construction throughout the Southeast and mid-Atlantic, totaling nearly 4,000 units.

ASHEVILLE, NC – Set against the stunning backdrop of Busbee Mountain, Ellison at The Preserve officially welcomed its first residents, redefining luxury apartment living in Asheville. Combining elegant design with resort-style amenities, this premier community offers residents the perfect blend of modern convenience and tranquil surroundings, just minutes from the vibrant heart of downtown Asheville.
Staying true to Flournoy’s mission of elevating the way people live, the 315-unit community is designed to offer an unparalleled lifestyle, featuring best-in-class amenities to include:

A resort-style heated saltwater pool and sundeck for ultimate relaxation
A state-of-the-art fitness center to support active lifestyles
A co-working lounge complete with communal and private workspaces
Outdoor entertainment spaces with gaming, community grills, fire pits and more
A convenient grab-and-go market for everyday needs
Pet Spa with Pet Washing Station for Ellison’s furriest residents
Private garages to keep residents’ vehicles looking new
Resident Mail Lounge and Private Package Room for safe and secure package receiving

Inside Ellison’s premium apartment homes, residents can choose from thoughtfully designed one-, two-, and three-bedroom floor plans, each showcasing quartz countertops, stainless steel GE appliances, and luxury wood style flooring. Many of Ellison’s meticulously designed units feature balconies with unobstructed views of the beautiful Blue Ridge Mountains. The community is built to harmonize with its natural surroundings, reflecting Asheville’s commitment to sustainability and livability.
“Ellison at The Preserve represents the perfect balance of modern luxury and natural beauty,” said Ryan Foster, Senior Vice President of Flournoy Development Company. “We’re proud to deliver a community that embodies our vision for elevated living and are thrilled to welcome residents to this stunning community.”