SAN FRANCISCO, CA – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the purchase of The Morris, a 19-story, 344-unit Class A apartment community in Nashville, Tennessee.
Hamilton Zanze sponsored the transaction through HZ Capital Partners Fund I, its discretionary fund that targets the acquisition of multifamily properties, alongside joint venture partner Lionstone Investments. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which is in the heart of Nashville’s historic Music Row and immediately proximate to Vanderbilt University and Vanderbilt Hospital.
“We are pleased to sponsor the acquisition of this exceptional multifamily asset,” said David Nelson, President and Chief Investment Officer at Hamilton Zanze. “This is a transaction in which our relationships and persistence produced a generational piece of real estate at a time of dislocation in core, infill multifamily. The Morris is well-positioned to capture future growth as supply slows down over the next 18 to 24 months.”
Located at 818 19th Ave. South, The Morris was built in 2017 and offers studio, one- and two-bedroom apartment homes. Units range in size from 557 to 1,104 square feet. The homes feature designer finishes, stainless steel appliances, private terraces, 10- to 16-foot ceilings, full-size washers and dryers, hardwood-inspired flooring, floating bathroom counters and plush carpets in the bedrooms. Select homes contain smart-home technology, deluxe wine chillers and exposed concrete ceilings, columns and walls.
“Lionstone’s research led us to this location, which scores prominently in our proprietary rating system,” said Trisha Mantri, Vice President of Acquisitions at Lionstone Investments. “This investment represents the opportunity to purchase the asset at an attractive basis below replacement cost in a high-growth market.”
Community amenities include a rooftop pool with glass overlook, professional-quality music studio, rooftop performance venue, a 19th-floor sky lounge, fitness center, private yoga studio, concierge services, EV-charging stations, pet spa, internet cafe, coffee bar and indoor bike racks.
Located just outside of Downtown Nashville, The Morris offers residents walkable access to the abundant nightlife, restaurants and shopping destinations found in the Music Row and Midtown areas. The community also is notable for its proximity to The Gulch, an urban development on the edge of the Central Business District that features boutique hotels, live music venues, breweries and a diverse array of restaurants.
The Morris sits on the site of country music icon Dale Morris’ former office. Morris has represented such major artists as Kenny Chesney, Martina McBride, Alabama, and Jake Owen.

EL CAJON, CA – CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Lexington Green Apartments, an affordable housing complex in El Cajon, Calif. CPP partnered with co-developer The Hampstead Companies on the deal. This is the second community in El Cajon for CPP, joining Park Villa Apartments.
Lexington Green Apartments is located in a primarily residential neighborhood two miles east of downtown El Cajon, which sits 17 miles east of downtown San Diego. Originally built in 1970, the property last underwent a tax credit renovation in 2007, which replaced some, but not all, original building systems. The property consists of 144 units, spread across 12 two-story residential buildings. CPP s total development investment is approximately $80,000,000, which includes the purchase price of $52,880,000 and estimated renovation costs exceeding $80,000 per unit.
Lexington Green Apartments aligns with one of CPP’s core philosophies of strengthening cornerstone communities in the neighborhood while extending the affordability of the community, said Evan Cramer, Assistant Development Manager at CPP. We hope to accentuate the feeling of pride that Lexington Green’s residents have for their community while providing the physical upgrades necessary to ensure the property remains a prominent piece of the community for many years to come.
The renovation will exceed the 10% energy savings requirement from the California Tax Credit Allocation Committee (CTCAC) through the replacement of all windows with energy efficient vinyl retrofit windows, water heaters, Energy Star appliances, and energy efficient LED light fixtures.
At Lexington Green, incorporating green, energy-saving appliances and fixtures allows us to weave sustainability into the residents daily lives and helps further our goal to create a more sustainable future, John Fraser, Vice President CPP – East.
Additional upgrades will include dryrot repairs, flooring replacement, new cabinets and countertops. ADA-complaint upgrades will be made for units and path of travel throughout the property.
CPP and The Hampstead Companies are partnering with LifeSTEPS to provide instructor-led adult educational classes including financial literacy, computer training, resume building, nutrition, exercise, parenting, and more. LifeSTEPS will also provide individualized health and wellness services and programs such as crisis intervention, practical counseling and emotional support, physical and mental health assessments.
Renovations are expected to be complete by August 2025. With CPP’s involvement, the property s previously expired affordability status will be extended until 2044 under a renewed Section-8 Housing Assistance Payment (HAP) contract.
Additional partners on the project include the California Tax Credit Allocation Committee (CTCAC) and California Debt Limit Allocation Committee, who issued and allocated 4% LIHTC and Tax-Exempt Bonds, WNC & Associates, and Ready Capital.

LOS ANGELES, CA – Affirmed Housing, a leading provider of affordable housing throughout California, announced the completion of The Iris, a new, affordable and supportive housing development serving low-income and formerly unhoused Angelenos in West Los Angeles. A special ceremony was held to commemorate the project s grand opening and attended by Councilmember Traci Park.
Building more affordable and permanent supportive housing is a critical priority and core strategy in our comprehensive and citywide effort to confront the homelessness crisis, said Los Angeles Mayor Karen Bass. For the first time in six years, homelessness is down in the city as a result of public-private partnerships and a shared commitment to urgently house Angelenos. This new development continues that momentum. Now, many more Angelenos will have a roof over their head and the care and services that they deserve.
The Iris is another example of our efforts to bring comprehensive solutions to Council District 11, said Los Angeles City Councilwoman Traci Park. This project will make a real difference for working families on the Westside, while also providing a home with wrap-around services to the formerly unhoused, putting them on a pathway to a purposeful life.
The Iris is a six-story development comprised of 61 new homes that come in a mixture of studios, one-, two-, and three-bedroom apartments. Nearly half of the apartments are dedicated to supportive housing for formerly unhoused residents earning 30 percent of the area median income (AMI), and the remaining apartments are set aside for family households earning between 30 and 60 percent AMI, as well as one property manager unit. Several shared onsite amenities are incorporated throughout the building, including a laundry room, mail room, management and services offices and a large community room with a kitchen and media area. The rooftop deck features a lounge area and a community garden with planting beds available to residents.
The Iris is Affirmed Housing s second project to open in Los Angeles this year. Lumina, a new, supportive housing development with onsite services for unhoused veterans and people with disabilities recently opened in Chatsworth.
The Iris and Lumina both arrive at a critical time. Vulnerable Angelenos need more than just a roof over their heads; they need a safe environment to stabilize, reacclimate and begin the next chapters of their lives, said Affirmed Housing President Jimmy Silverwood. These projects deliver a combination of housing, care and support to help residents do all of that and be successful in living their best lives for the long term. These projects also demonstrate the city s commitment to housing citizens using compassionate, people-centric solutions that make the region a better place to live.
In addition to housing, The Iris residents have exclusive access to onsite supportive services and care provided by The People Concern, one of the region s largest social services agencies dedicated to providing integrated and comprehensive care to people experiencing homelessness, helping them break chronic lifecycles of living on the street. Social service and case manager offices are located on the ground floor in secured space adjacent to a break room for service and staff personnel. The Iris location in a high resource area, just off the 405 freeway, also fosters more autonomous living, allowing residents to conveniently access offsite amenities that include schools, grocery stores, public parks, a library, a medical clinic and public transportation.
The Iris is funded through a combination of sources, including the City of Los Angeles, deferred developer fees, and federal and state tax credits. The Housing Authority of the City of Los Angeles is providing project-based vouchers for the supportive homes.
Bank of America is proud to have helped finance The Iris, bringing much needed affordable and permanent supportive housing to West Los Angeles. This public-private partnership led by Affirmed Housing in partnership with the City of Los Angeles has created a new, high quality affordable housing community with critical services to help residents regain personal and financial stability, said Garrett Gin, Bank of America Los Angeles market executive.

KANSAS CITY, MO – BAM Capital announced the latest addition to the BAM Multifamily Growth & Income Fund IV portfolio, Altitude 970, a premier institutional-quality apartment community. Completed in 2018, Altitude 970 sits in the thriving Kansas City, Missouri market, comprising 291 luxury apartment units that are superior to the competitive set.
Altitude 970 is strategically located in an area experiencing robust economic growth, a growing population, and thriving job markets. The property’s proximity to the Kansas City International Airport and the KCI 29 Logistics Park offers residents exceptional access to current and incoming employment opportunities. This favorable economic profile supports strong rental performance and enhances the property’s appeal to potential residents.
Altitude 970 presents a significant investment opportunity within BAM Multifamily Growth & Income Fund IV. The property has the potential for rent increases consistent with market comps, enhanced ancillary income, and reduced expenses through operational efficiency. With a 98% occupancy rate, The BAM Companies’ vertically integrated platform is committed to maintaining high occupancy levels through its proven methods and strategic operational expertise.
“Our company’s foundation is property management and operations,” says Tony Landa, Chief Investment Officer at The BAM Companies. “The firm is only as good as its people on the ground and on-site. The operations team is paramount to our success.”
The acquisition underscores BAM Capital’s commitment to providing premium assets and tangible returns for its partners and stakeholders. Altitude 970 enhances the Fund IV portfolio, offering substantial income potential for investors that aligns perfectly with BAM Capital’s strategic vision and investment criteria. Located in the economically vibrant area of Kansas City, Missouri, Altitude 970 is poised to deliver strong returns through strategic management and market positioning.
The property features unique amenities that enhance the living experience for residents, including a pedestrian-friendly trail to upscale retail, a resort-style pool, a fitness center, a movie theater, recreation areas, a rooftop lounge, and more.
“BAM Capital isn’t a commodity buyer,” Landa declares. “Evaluating key differentiators that separate the asset you seek to acquire from the competitive set is critical when acquiring property. It strengthens the underlying rent assumptions to your acquisition proforma.”
The Northland submarket, where Altitude 970 is located, has experienced substantial rent growth and is projected to continue this trend, further enhancing the investment’s potential. Additionally, the area around Altitude 970 is seeing significant economic developments.
“The year-over-year rent growth stands at 3.7% as of Q2-2024, which is ranked #3 nationally according to Yardi,” Landa reports. “Deliveries relative to total inventory in this mark is well below the national average, and it plays a significant role in apartment fundamentals.”
“BAM Capital has been actively acquiring. The best opportunities come when others see pitfalls. Fortunately, BAM Capital has acquired trophy assets at an attractive investment basis,” says Landa. BAM Capital’s commitment to strategic management ensures that Altitude 970 maintains high occupancy levels, optimizes rents, and manages controllable operating expenses. The property’s prime location near significant economic drivers and unique amenities makes it an attractive option for residents, further supporting its strong rental performance.

TALLAHASSEE, FL – Portman, 908 Group, Canyon Partners Real Estate LLC and PTM Partners have announced the formation of a new joint venture to develop a student housing project on the Florida State University campus across from Legacy Hall, the future home for the FSU College of Business, currently under construction with completion scheduled for spring 2026. The joint venture secured a $73.3 million senior construction loan from Pacific Life Insurance Company.
The Hall is a Class-A student housing project located in a qualified opportunity zone. It will feature 191-units and 674 beds across two mid-rise buildings, with 452 parking spaces and 7,689 square feet of ground floor retail. The General Contractor is FavorGray. Construction is expected to be completed prior to the start of the 2026-2027 academic year.
The Hall will bring a luxury residential experience immersed within the FSU campus, with amenities including a rooftop pool, high-speed Wi-Fi, and a state-of-the-art fitness center. Residents will benefit from immediate proximity to the new Legacy Hall of Business facility, expected to be the largest academic space on campus. The Hall is also a 10-minute walk from FSU’s main campus, and central to a variety of key retail offerings including restaurants and fitness studios.
“Today’s students expect the best in their living experience, and Portman has a proven track record of delivering top-of-the-line residential communities that do just that,” said Portman Senior Vice President Rodney King. “We are entering the market with a solid deal to deliver a high-quality student housing project at one of the southeast’s most prominent college campuses. We are bullish on student housing and are currently pursuing several deals at top-tier universities that will break ground in 2025.”

PALMETTO, FL – Venterra Realty recently acquired Trevesta Place Apartments located in Palmetto, Florida. The 256-unit multi-family community in Palmetto is well located near the intersection of Interstate-75 and Interstate-275 in a growth corridor of the Sarasota market in Manatee County with easy access to St. Petersburg, Bradenton, and Sarasota.
The property consists of four-story residential buildings, each with interior corridors and elevator access, and offers studio, one, two, and three-bedroom apartments. All apartments feature spacious, open floorplans with high-end interior finishes including stainless steel appliances, granite countertops, full-size washers and dryers, mud rooms, and oversized closets.
Trevesta Place Apartments provide renters with access to a resort-style pool area with a grilling area, a state-of-the-art fitness center and yoga space, a resident lounge, and EV charging stations. Residents with pets can welcome up to 3 pets per apartment, with no weight limit, as well as access to the onsite Bark Park.
Venterra will implement its resident-focused programs such as the Live it. Love it. Guarantee.TM, the 48-Hour Maintenance Guarantee, and SMARTLEASING.
“We have seen excellent growth in the Sarasota market and are excited to expand our Florida portfolio into Palmetto with the addition of the amenity-rich property Trevesta Place Apartments,” said John Foresi, CEO of Venterra Realty.
“Venterra has become known as a company that is committed to providing a market-leading living experience, and we look forward to identifying opportunities to further enhance the standard of living at Trevesta Place Apartments by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

FRISCO, TX – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, in partnership with Equity Residential, announced the opening of Remy. Located at 5775 Blairview Street in Frisco, Texas, this new community features 357 refined studio, one-, and two-bedroom apartment residences. Remy s construction commenced in 2022 and was financed by a $55.6 million construction loan from Santander Bank, N.A.
The apartment residences at Remy feature an elevated contemporary design with sophisticated features and finishes. The kitchens include islands with decorative pendant lighting, quartz countertops, stainless steel appliances, and modern flat panel cabinetry. Residents will find impeccably designed living spaces, with such features as luxury hardwood-style flooring, plush textured bedroom carpeting, and oversized closets. Each home is complete with smart home technology, including keyless entry, smart thermostats, and in-residence Wi-Fi. In addition, select residences also include private balconies, patios, or fenced-in yards.
Remy s amenities were designed with intention, fostering a comfortable and inviting community where it s easy to make neighborly connections. Outdoor amenities include a resort-style swimming pool with a sundeck, as well as a courtyard with grilling stations, an entertainment kitchen, hammocks, and fountains. The sky lounge and terrace offer ample space for gathering, including seating around the firepit. Inside, residents can find focus in the communal and private coworking spaces, relax in the game lounge over a game of billiards, or host a movie night in the theater room. The expansive two-story fitness center includes state-of-the-art equipment, a yoga room, and an indoor cycling area on the mezzanine. The community also features EV charging stations in the parking garage.
We re excited to announce the opening of Remy, Toll Brothers Apartment Living s newest community in Frisco, and another successful project with Equity Residential, said John McCullough, President of Toll Brothers Apartment Living. Remy s exceptional design, as well as its ideal location close to Frisco Square, speaks to our commitment to building elevated luxury communities in vibrant locations positioned for continued growth.
Remy is located steps from the best of Frisco Square. Residents can explore the diverse selection of restaurants, cafes, shops, and more in this highly walkable neighborhood, as well as appealing green spaces. Those looking to commute into Dallas or experience the entertainment destinations of the greater metropolitan area can do so with easy access to the Dallas North Tollway.
From its refined apartment homes to its versatile suite of amenities, Remy raises the bar for luxury living in Frisco, said Tommy Rhodus, Managing Director of Toll Brothers Apartment Living in the Central region. Residents will experience an exceptional community close to the best of this fast-growing neighborhood, with the major attractions of Dallas within reach.

NASHVILLE, TN – Nationwide multifamily investor and operator, Avanti Residential announced the acquisition of lakefront property, The Residence at Old Hickory Lake, a 116-unit Class A multifamily property in the Nashville metropolitan area. This community completed construction in 2018, and it marks Avanti’s entry into the Nashville market.
The Residence at Old Hickory Lake features a range of living options including 1-, 2- and 3-bedroom layouts. The property offers residents luxury living with 9-foot ceilings, floor-to-ceiling windows and gourmet kitchens in each unit. The property also features a resort-inspired saltwater pool, fire pit and 24-hour fitness center for residents to enjoy.
“Nashville’s dynamic real estate market aligns perfectly with our company’s vision for sustainable growth,” said Christian Garner, president and CEO of Avanti Residential. “We’re committed to enhancing the greater Nashville area with modern, well-managed apartment communities that meet the needs of both new and existing residents.”
The Residence at Old Hickory Lake is at 2401 Lakeshore Drive 15 miles from Downtown Nashville. The vibrant Old Hickory neighborhood features small-town charm and natural beauty. Residents are steps away from Old Hickory Lake, Blue Turtle Bay Marina as well as local restaurants, coffee shops, hiking trails and parks. Old Hickory and northeast Nashville are poised for growth as the city continues to drive progress in technology, sports, music and entertainment.
“We believe The Residence at Old Hickory Lake is well-positioned to outperform the local market into the foreseeable future,” said Peter Partipilo, director of acquisitions. “Given the solid area fundamentals and continuing absorption of the region’s recently delivered new multifamily product, we expect an opportunity to expand further in the Nashville market.”
Avanti Residential purchased the property from Arnold Companies, a private non-merchant developer.
“Avanti is a pleasure to work with,” said the sale representative at Arnold Companies, Ben Arnold. “We wish them well with their new acquisition.”
Avanti Residential owns and operates over 9,000 apartment units in eight states and is continuing to grow in the Southeast United States. Given its significant expansion in Kansas City and Florida, Avanti Residential is anticipated to continue property acquisition efforts in the region. The organization continues to acquire apartment projects on behalf of its institutional and private capital partners.

JACKSONVILLE, FL – FaverGray announced the successful completion and delivery of The Aston at Town Center, a luxurious multifamily community situated on approximately 4.6 acres near The Saint Johns Town Center in Jacksonville, Florida.
The Aston at Town Center has quickly become a distinguished addition to Jacksonville, offering a living experience that combines modern luxury and walkability. With its prime location and top-notch amenities, the community is poised to set new standards for upscale apartment living in the area.
Spanning an impressive 502,681 square feet, the community consists of a five-story building and six-story parking garage. The community offers a variety of amenities to enhance residents’ daily lives, including a clubhouse that serves as a hub for fitness and recreation, a serene courtyard, a dog park, and a pool with the aesthetic of a luxurious resort.
The construction of the community showcases FaverGray’s expertise, with a wood frame structure adorned with brick, fiber cement trim, stucco, and metal panel exterior façade. The building slabs are constructed using post-tensioned concrete on grade, with two levels of post-tension concrete podium at the clubhouse.
“It is with great honor that we announce the completion of The Aston at Town Center,” expressed Ben Hinson, Executive Vice President of FaverGray, highlighting our dedication to delivering exceptional construction projects tailored to the specific needs of developers and owner/operators. “Through this achievement, we aim to establish new standards for quality within the multifamily industry,” added Hinson.
“We take immense pride in the hard work and dedication of our team that brought The Aston at Town Center to fruition,” stated John Kitchens, Division Leader of FaverGray. “Their commitment to excellence and meticulous attention to detail not only ensured the timely delivery of this project but also exemplify our unwavering dedication to exceeding the expectations of developers and owner/operators, thus setting a definitive standard of quality and reliability in the construction industry,” shared Kitchens.

POOLER, GA – Venterra Realty recently acquired the Botanic Luxury Apartments community located in Pooler, Georgia. The 391-unit multi-family community is well located just minutes from Savannah, in the fast-growing suburb of Pooler, Georgia, with easy access to the Pooler Parkway and I-95.
The property consists of three midrise-style buildings, each with elevator access, and 11 buildings containing townhome or “Big House” units that have ground floor access and attached garages. All apartments feature high-end interior finishes including stainless steel appliances, quartz countertops, garden tubs, full-size washers and dryers, and oversized closets. Some apartments offer a kitchen island, attached garage, double-sink vanities, and built-in desks.
Botanic Luxury Apartments provide renters with access to a resort-style pool area with a cabana, sun shelf, grilling area, two-story fitness center, and yoga space, elevator service, resident lounge, private offices, and EV charging stations. Residents with pets can welcome up to 3 pets per apartment, with no weight limit, as well as enjoy access to the bark park and paw spa.
Nestled among the region’s leading employers and educational institutions, Botanic Luxury Apartments offers access to Savannah-Chatham County Public School Systems, Georgia Tech Savannah, Gulfstream Aerospace Corporation, and other notable organizations. Additionally, the location is a stone’s throw from vibrant dining, premier shopping, and exciting entertainment venues, including downtown Savannah, Tanger Outlets, and various recreational spots. Venterra will implement its resident-focused programs such as the Live it. Love it. Guarantee, the 48-Hour Maintenance Guarantee, and SMARTLEASING™.
“The acquisition of Botanic Luxury Apartments marks a significant achievement for Venterra that is worth celebrating. As our first acquisition in the Savannah market, Venterra now has assets in 20 different metro areas across the country,” said John Foresi, CEO of Venterra Realty. “Venterra has become known as a company that is committed to providing a market-leading living experience, and we look forward to identifying opportunities to further grow our presence in new markets and enhance the standard of living at Botanic Luxury Apartments by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.