PHOENIX, AZ – National multifamily developer Wood Partners announced the start of construction on Alta Dove Valley in Phoenix and Alta 87 in Gilbert, Arizona. These new communities bolster Wood Partners’ presence in Arizona, bringing its total to 24 starts in the state since the Great Financial Crisis.
“Phoenix has, and continues to, experience significant in-migration due to its favorable climate and thriving and increasingly dynamic economy,” said Todd Taylor, Managing Director for Wood Partners. “There is a significant housing shortage in the MSA and we will need many thousands of units over the coming years to solve it. Notwithstanding current market chop and challenges, we remain bullish on the mid-term and long-term wider Phoenix market and look forward to delivering these exceptional apartment communities into the coveted Gilbert and North Phoenix submarkets.”
Alta Dove Valley is located at 2725 West Dove Valley Road. The community is across the interstate from the Taiwan Semiconductor Manufacturing Company’s new $65 billion semiconductor fabrication facility in North Phoenix, which is expected to create approximately 6,000 jobs. The 380-unit multifamily building will include a mix of one-, two- and three-bedroom floorplans. Amenities will include a pool and spa, a state-of-the-art fitness center, coworking spaces, a two-story clubhouse and a sky deck. Alta Dove Valley broke ground in May 2024 and is expected to be completed in 2026.
Alta 87 is a 257-unit luxury multifamily development in Gilbert, Arizona, conveniently located on Arizona Avenue, minutes from both the 60 and 101. Amenities will include a pool and spa, a state-of-the-art fitness center, two pickleball courts, co-working spaces and a two-story clubhouse. Alta 87 is Wood Partners’ third community in Gilbert. The development broke ground in March 2024 and is expected to be completed in the first quarter of 2026.
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 100,000 multifamily homes with a combined capitalization of $21 billion. The company currently owns 80+ properties across the United States representing more than 25,000 units.

JACKSONVILLE, FL – Affiliates of Harbor Group International (HGI), a privately owned international real estate investment and management firm, announced the acquisition of Ascend at Durbin Creek, a newly-built 350-unit multifamily property located in the South Jacksonville suburb of St. Johns, Florida. The property is in lease-up and 86.5% occupied as of May 2024 and has averaged 20 new leases per month over the past year, demonstrating strong lease-up performance and demand for high-quality apartment housing in the Jacksonville market.
“As a new development with convenient access to employment and lifestyle destinations, we are confident in the ability to complete a successful lease-up,” said Yisroel Berg, Chief Investment Officer – Multifamily at HGI. “Given the rapidly growing population in the South Jacksonville area, we anticipate Ascend at Durbin Creek to maintain a strong renter base and achieve steady rent growth as the area continues to attract new residents.”
Ascend at Durbin Creek is proximate to major employment centers of Jacksonville, including Flagler Center and Southside, which together provide upward of 126,000 jobs. Notable employers in the area include: Baptist Health South, Citi, Deutsche Bank, JPMorgan and Bank of America/Merrill Lynch. Residents are also a short drive to Pavilion at Durbin Creek, an open-air retail strip center with over 700,000 square feet of retail with Phase II to be delivered over the next several years.
Developed in 2023, the property features stainless steel appliances, quartz countertops, modern tile backsplash, hardwood-style flooring, large walk-in closets and screen-in patios/ private yards. The property also offers a premier amenity package, including a 24-hour state-of-the-art fitness center, saltwater pool, poolside pavilion, dog park, EV charging stations, cybercafé, business lounge, game lounge and detached garages. HGI plans to increase the number of electric vehicle charging stations, add bike racks and turf to the pool deck.

GRAND RAPIDS, MI – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for The BLVD at Wilson Crossings, a 344-unit multifamily community in the Grand Rapids suburb of Wyoming. The first residents began moving in during winter of 2023 and the community is already 45% leased.
“The pace of initial lease up at The BLVD at Wilson Crossings demonstrates the desire for stylishly appointed, highly amenitized apartment living,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “We are thrilled with the warm welcome we have received so far and look forward to serving the needs of area residents for years to come.”
Located near the intersection of Wilson Ave SW and 64th St SW, just off Highway 6 and Interstate 196, The BLVD at Wilson Crossings offers spacious townhome-style apartments with up to four bedrooms. Apartment homes feature luxury finishes and that are on-trend with single-family homes including quartz countertops, tile backsplashes, stainless steel appliances, walk-in closets, full-sized washers and dryers. Many of the apartments also come with attached garages and private yards.
Conveniently located minutes from downtown Grand Rapids and Wyoming, The BLVD provides residents with convenient access to a tremendous variety of shopping and dining choices, abundant parkland, golf courses, and lots of family-friendly attractions and events.
Thompson Thrift expects construction to conclude this fall. At the ribbon cutting, visitors were able to view model tours as well as see the professionally decorated clubhouse, 24-hour fitness center, resort style swimming pool, pickleball courts, turf game lawn with fire pit and dog park. Additionally, in support of Thompson Thrift’s commitment to community outreach, they presented a check to Hand2Hand, a local non-profit delivering nutritious food to more than 12,000 West Michigan students facing hunger over weekends and on extended school breaks.

POMONA, CA – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Modera Pomona, a contemporary apartment community in Los Angeles County. First move-ins are slated for August.
The gated community, which includes 210 apartment homes and a refined suite of amenities, sits at 2710 North Towne Avenue on the southeast corner of the E. Bonita Avenue intersection. Positioned approximately midway between Los Angeles and San Bernardino, the commuter-friendly locale places residents in a scenic neighborhood within 10 minutes of a key transportation hub.
“Modera Pomona offers a scenic respite removed from the bustle of the city, yet close enough for residents to easily access a vast contingent of commuter options,” said Ryan Guthrie, senior managing director of development in Southern California for Mill Creek. “We’re eager to provide a best-in-class living experience in a relaxed, modern-inspired atmosphere and look forward to welcoming our initial residents to their new homes.”
Residents will have access to a multitude of transportation options to the greater metropolitan area, as three of LA’s primary thoroughfares—Interstate 10, Route 57 and Route 71—intersect the area. The nearby Pomona (North) Metrolink Station and Montclair TransCenter offer additional transportation options. The community is located less than two miles from Claremont Village, which is a desirable area for eateries.
Pomona’s thriving educational hub represents one of the area’s key employment drivers and includes California State Polytechnic University, Pomona (Cal Poly Pomona) and Western University of Health Sciences. Additionally, the prestigious Claremont Colleges, which combine for more than 10,000 students, are less than two miles from the community.
Modera Pomona offers one- and two-bedroom homes with den layouts available. Community amenities include a resort-inspired swimming pool, rooftop deck with fire pit and grilling areas, outdoor spa, landscaped courtyards, resident clubhouse, game room, Ping-Pong table, Bocce ball court, conference room, coworking spaces and a club-quality fitness center with cardio equipment and TRX system. Residents will also have access to Luxe package lockers, EV charging stations and several pet-friendly features, including a dedicated dog run, pet park and pet spa.
The community also features a variety of native and drought-tolerant vegetation that help conserve water. Plants include pine, oak, agave, bamboo, bougainvillea and more, which are strategically placed on the roof, around the park and in courtyards throughout the community.
Apartment homes include nine-foot ceilings, wood plank-style flooring, energy-efficient stainless-steel appliances, quartz countertops, tile backsplashes, kitchen islands, 42-inch custom cabinetry, walk-in closets, in-home washers and dryers, built-in shelving and private patios or balconies. Bathrooms feature soaking tubs, backlit mirrors, double vanities and linen closets. The community’s smart home package includes mobile app community entry, programmable thermostats, controlled guest-access technology and bulk Wi-Fi.

PHOENIX, AZ – Suncrest, a leading residential master-developer, is making waves in Charlotte and Phoenix with recent grand openings of two exceptional, luxury rental home communities – the first in their planned national portfolio of Zora Living communities.
Zora University celebrated their Grand Opening May 25, and offers a selection of 108 one- and two-bedroom, craftsman-style homes, each featuring smart home technology, private entrance, and individually fenced and landscaped backyards.
The community, conveniently located near major employment hubs, includes an array of amenities, including a sparkling resort-inspired pool, outdoor grilling stations, fitness facility, yoga lawn, and open-air courtyards.
Sean Cooney, Suncrest Managing Partner, expressed his excitement: “Zora University redefines modern living, offering a unique blend of privacy through our single-family homes and convenience through exceptional management services. We are thrilled to bring this highly anticipated rental opportunity to residents in the Charlotte metro area.”
Zora Encanto celebrated their Grand Opening on April 13, and sets a new standard for sustainability and superior living. Located near major employment hubs, the 109 luxury, ranch-style, rental homes offer an impressive list of features including private entrances, private turf backyards, smart home technology, doggy doors, and more.
Beyond these amenities, Zora Encanto showcases its commitment to sustainability, utilizing HercuWall® technology, an innovative, panelized exterior and demising wall system offering superior strength, insulation, and efficiency compared to traditional construction methods.
Jason Rhees, HercuTech CEO, emphasized the benefits: “The HercuWall system absolutely differentiates Zora Encanto from competing products and highlights Suncrest’s commitment to building better and focusing on residents’ experience and well-being.”
Employing HercuWall will save over 35,000 kilograms of carbon emissions annually, reduce residents’ energy bills by over $15,000annually, and save 600+ trees in the community construction.
Mike Koch, Suncrest Managing Partner, expressed excitement about the HercuTech partnership: “We are extremely proud to offer our residents a higher level of privacy, soundproofing, significant energy bill savings, and other benefits that HercuWall offers.”

SAVANNAH, GA – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of The Liliana, a 360-unit Class A multifamily community in the prosperous Savannah suburb of Pooler. The company expects to begin construction in June, with resident move-ins slated for summer of 2026.
“Savannah’s impressive job and rent growth positions it as one of the fastest-growing cities in the Southeast,” stated Josh Purvis, managing partner for Thompson Thrift Residential. “We’re thrilled to introduce a Thompson Thrift community to this thriving market.”
Located near the sought-after Savannah Quarters neighborhood just off Interstate 16 and Pooler Parkway, The Liliana will span approximately 23 acres and will consist of three-story buildings offering one-, two- and three-bedroom apartment homes with up to nearly 1,400 square feet of living space.
Apartment homes will feature many of the luxurious finishes and amenities for which Thompson Thrift communities have become known. Kitchens will boast stainless-steel appliances, a smooth glass-top range, a side-by-side refrigerator with ice and water dispensers and tile backsplashes. Residents will also enjoy hardwood-style flooring, walk-in closets, a full-size washer and dryer, high-speed internet access, energy-efficient LED lighting and a suite of Alexa-compatible smart home technology. Private yard, patio or balcony options and detached garages will also be available.
The gated community will include a fully equipped fitness center, a 24-hour social hub, a resort-style heated swimming pool, electric firepits with seating area, pickleball court, a dog park and thoughtfully designed courtyards.
The development’s location 12 miles west of historic downtown Savannah positions it near several major points of interest including the Savannah-Hilton Head International Airport, as well as the area’s most enticing retail, dining and entertainment options. A Publix-anchored grocery center and newly constructed Costco are also just a short drive away.
The city of Pooler has experienced remarkable growth in recent years. According to U.S. Census data, Pooler’s population increased by approximately 34% between 2010 and 2020. Major area employers include the Gulfstream Aerospace Corporation’s divisional headquarters, Hyundai, Candler Hospital, Fort Stewart-Hunter Army Airfield and Memorial Health University Medical Center, to name a few.
Purvis added, “Despite its rapid growth, Pooler maintains a small-town, charming feel and we have taken care to design a community that will integrate seamlessly with the adjacent Savannah Quarters neighborhood and be a place residents are proud to call home.”

ORLANDO, FL – Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announces that it has broken ground on its fifth luxury apartment community in Orlando, FL. Located near its highly successful Aventon Isabelle lease up, Aventon Lake Conway will encompass 23 acres off Hoffner Avenue and add 346 units to the vibrant submarket.
Aventon Lake Conway will offer one, two and three-bedroom units with top-of-the-line finishes and an expansive amenity package. Inside Aventon’s signature community clubhouse, residents can look forward to amenities including a remote working lounge, game room, 24/7 fitness center and pet spa. Outside a resort-style pool courtyard will provide residents the ideal destination to cool off from the Florida heat. Offering the ultimate commuting location, Aventon Lake Conway will be located just two miles from Orlando International Airport (MCO) as well as a short drive from both the Orlando Health Campus and Downtown Orlando.
“As the Orlando market continues to experience job growth across all sectors, contributing to an influx of new residents, we look forward to expanding our presence here and gearing up for the launch of Aventon Lake Conway,” said Sean Flanagan, Senior Development Director. “The community will be located in the center of all of the area’s exciting activity and will serve as the ideal destination for working professionals who both live and play here.”
Aventon Lake Conway’s design was led by local Orlando architecture firm Cormia Design Group, with landscaping by Innovations Design Group (IDG), and interior design curated by Beasley & Henley. The community is expected to open for leasing in Fall 2025. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing nearly 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

DALLAS, TX – CIM Group announced the sale of Lennox at West Village, a 159-unit apartment community set on an approximately 6.49-acre property with 249 parking spaces that was acquired in 2013.
Located at 3700 Cole Ave. in the West Village neighborhood of Uptown Dallas, the community offers contemporary residences designed as studio to three-bedroom floorplans. Built in 2001, Lennox at West Village s four-story building surrounds a center courtyard which features a resort-style pool with barbeque area and lounge space. Residents also enjoy an indoor gathering area, the Metropolitan Lounge, a coffee bar, fitness center and an on-site dog park.
Lennox at West Village provides a sophisticated residence option in a walkable environment, proximity to the employment centers of Downtown and Uptown Dallas and easy access to a DART Rail station. Uptown Dallas is a charming district of treelined streets and buildings of a variety of architectural styles from earlier eras populated with a host of restaurants, cocktail lounges, and boutiques. Within Uptown, West Village provides a mixed-use environment with an expansive collection of shops, dining and entertainment options and is a hub of activity within Uptown.
CIM Group is an active owner, operator and investor in Dallas. Its current area portfolio includes the 229,868-square-foot Offices at Turtle Creek Village and 95,000-square-foot Shops at Turtle Creek Village and the 488,202-square-foot Epic II office tower.
For 30 years, CIM Group has applied its community-focused investing approach by utilizing its broad expertise in owning, developing, repositioning, and operating real estate assets to enhance communities throughout the Americas.

SEATTLE, WA – GMD Development, a private, mission-based developer/owner of affordable housing based in the Pacific Northwest, and WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, have closed a deal to begin construction on Victory Northgate, an all-new 6-story affordable housing development in north Seattle. Victory Northgate is scheduled for completion in April 2026.
The development will create 182 affordable apartment units targeting families at 50% and 60% of area median income (AMI). Layouts include 13 studios, 101 one-bedroom units, 17 two-bedroom units, and 51 three-bedroom units. The development will also incorporate 6,800 square feet of commercial space with 77 underground parking stalls.
Located at 1000 Northeast Northgate Way, Victory Northgate has a walking score of 90 and is ideally situated near an abundance of retail, services, and restaurants within blocks of the site. The property is also within walking distance of the new Northgate light rail station, which will provide residents with convenient transportation access to the greater Seattle area. The commercial space on the first floor of the project is tentatively planned to be occupied by a daycare facility run by the YMCA of Greater Seattle.
The Seattle rental housing market is one of the most competitive in the country. LIHTC occupancy rates in the region are at 98.1%. Of the 6 LIHTC developments in Victory Northgate s primary market area, four are fully occupied and two have waiting lists that range in length from six months to two years, said Darrick Metz, Senior Vice President of Originations at WNC. The need for affordable housing in Seattle has never been greater, especially as we see occupancy rates and waiting list times for these homes continue to increase. We are proud to support the development of even more affordable housing options in the region.
Victory Northgate will meet all mandatory criteria required by the Evergreen Sustainable Development Standard (ESDS), Washington State s sustainable building standard. Sustainable features will include energy star rated appliances, high-efficiency building mechanical systems, windows, and insulation, low-flow plumbing components, LED lighting throughout the property, and 90% drought-tolerant landscaping plants.
The deal was structured with 4% LIHTC Equity, a construction and perm loan through Citi Community Capital, and a $25.2MM soft loan from the City of Seattle. AOF/Pacific Affordable Housing Corp. is participating as the non-profit co-general partner.

SAN JOSE, CA – CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, announced the acquisition and planned renovation of Corinthian House, a senior development in southwest San Jose, Calif. This is the fourth community in the Bay Area for CPP, joining Franco Center in Stockton, and El Rancho Verde and Lenzen Square Apartments in San Jose.
Built in 1982, Corinthian House is comprised of two elevator-served, three-story buildings on 1.75 acres. Located at 250 Budd Avenue in the Campbell neighborhood of San Jose, the 102-unit development consists of studio and one-bedroom apartments designated for seniors (62+) earning between 30 and 60 percent of the area median income (AMI) or below. CPP s total development investment is approximately $38,000,000, which includes the purchase price of $21,000,000 and an estimated per unit renovation cost of $85,000.
San Jose and nearby Silicon Valley have a desperate need for affordable housing, specifically for the underserved senior community, said Karen Buckland, Vice President, Development at CPP. Revitalizing and renovating Corinthian House will extend the physical and economic life of the development, preserving its affordability for 55 years to come.
Both exteriors and interiors will be renovated to address the effects of deferred maintenance, with the goal of bringing modernization, increased accessibility, and energy efficiency to the senior community. The development will receive new vinyl plank flooring, cabinets and countertops, modern appliances, water-saving toilets, vanities and mirrors, and energy-smart lighting throughout. Common area renovations include updates to the community room, laundry rooms, salon, and leasing and management office. The community will also receive a new fitness center. Post-renovation, Wi-Fi will be provided throughout the units at no cost to the tenants.
Corinthian House residents will be able to participate in adult education, health and wellness, and skill-building classes and services through a partnership with LifeSteps. Classes will include financial literacy, computer training, and home-buyer education aimed at seniors.
The Campbell neighborhood offers ample shopping and activities for residents of Corinthian House. The community is located a half mile from the Campbell Adult Center which offers trips, lunch options, and clubs aimed at enhancing the quality of life for adults 50+. The Winchester BART Station is located approximately a quarter mile away, and Good Samaritan Hospital, a 403-bed acute care facility, is within two miles.
The property s Housing Assistance Payment (HAP) Section 8 contract was set to expire, but with CPP s involvement, the contract will be preserved for another 20 years.
Renovations are expected to be completed in December 2024. Partners on the project include the California Tax Credit Allocation Committee (CTCAC), who issued 9% low-income housing tax credits; Comerica Bank will provide the acquisition and rehabilitation loan and CitiBank will provide the permanent loan; and WNC & Associates will be providing tax credits.