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.

NEW YORK, NY – Tredway, an affordable and mixed-income real estate developer that builds and preserves high-quality, high-opportunity housing, and LIHC Investment Group, one of the nation’s largest owners of affordable housing, announced the acquisition of Forest Hill House, a 100-unit senior-occupied apartment complex in Newark, NJ. The joint venture will immediately begin redeveloping the property to encourage aging in place and enhance energy-efficiency by investing upwards of $20 million in improvements and upgrades.
As a result of the acquisition, the affordability agreement governing the property will be extended for another 30 years, at an income limit of 60 percent of area median income (AMI).
“We are excited to embark on this ambitious redevelopment which will protect and improve homes at Forest Hill House for lower income seniors, while keeping affordability intact,” said Will Blodgett, CEO & Founder of Tredway. “Not only does this project allow for the preservation of an important source of affordable housing for the City of Newark, it also provides an opportunity for seniors to live their lives and age independently in a home they can be proud of.”
“A project of this magnitude requires public-private collaboration and we are grateful for the support of HUD, NJHMFA, NJEDA, the City of Newark, Mayor Ras Baraka and Council Member Anibal Ramos Jr. and commend their commitment to uplifting longtime, elderly residents of Newark,” he added.
“There is a vital need for affordable, high-quality homes for seniors across New Jersey and we are proud to provide state-of-the art housing solutions that take into account the specific needs of older adults,” said Andrew Gendron, Principal, LIHC Investment Group. “The rehabilitation of the property, along with new amenities and comprehensive services for residents, underscores our commitment to helping vulnerable seniors access the types of homes and support they need to live comfortably and with dignity.”
The rehabilitation of the property includes new windows, air conditioning units and Energy Star appliances for all apartments. Kitchens and bathrooms will be fully renovated and upgraded for ADA accessibility. To maximize energy efficiency, the building’s roof and boilers will be replaced, an emergency generator installed and lighting will be converted to LED.
Residents will benefit from new amenities including an on-site doctor’s office, a beauty salon and barbershop, an age-appropriate fitness and mobility room, free Wi-Fi and an upgraded security system. Additional services will be implemented based on resident feedback in cooperation with Rainbow Housing Assistance Corporation.
The project is being financed with an FHA-insured Section 221d (4) permanent loan from Rockport Mortgage Corporation through NJHMFA conduit bond issuance, 4% Low-Income Housing Tax Credit (LIHTC) equity provided by Regions Affordable Housing and Bank of New York Mellon, Aspire tax credits and owner equity. Affordable Housing Institute, Inc. is the not-for-profit partner.

ATLANTA, GA – National multifamily developer Wood Partners announced the start of construction of Altera Union City near Atlanta and Altera Land O’ Lakes near Tampa, Florida. The multifamily communities are part of the firm’s Altera brand, a new attainable housing initiative offering upscale living at cost-effective rates.
Altera communities are built with upscale finishes such as granite countertops and stainless-steel appliances and top-of-the line amenities. The developer saves on costs by selecting well-located suburban sites rather than more expensive urban locations, executing an efficient and consistent design and embracing minimal, yet well-done, landscaping. These savings allow for a lower price point for the renter.
“There continues to be a shortage of reasonably priced rental options in this country,” said Joe Keough, Chairman and CEO at Wood Partners. “As a responsible member of the housing industry, we believe it is our obligation to offer a solution to this problem by creating a product that falls within our high standards of excellence at an attainable price. We look forward to expanding our Altera product offering across the country.”
Altera Union City: Altera Union City is located at 7105 Hall Road in Union City, Georgia, outside of Atlanta. The 320-unit apartments will feature an expansive ground floor amenity level with resort-style pool, fully equipped gym and yoga studio. However, its greatest amenity is its location. Altera Union City is walkable to Starbucks, Dunkin’ Donuts and the Publix Super Market at Parkway Village. Bennett Sands, Managing Director of Wood Partners’ Atlanta office, is the development lead for the project.
Altera Land O’Lakes: Located at 18722 Grand Live Oak Boulevard in Land O’ Lakes, FL, Altera Land O’ Lakes encompasses five 4-story buildings and one 3-story building totaling 305 apartment units with one-, two- and three-bedroom options. The site fronts US-41 and has excellent access offering convenient commutes throughout the Tampa MSA. The community is located in Pasco County, which is ranked as one of Florida’s fastest growing submarkets.
Amenities at Altera Land O’ Lakes will include an attractive leasing, fitness and clubhouse building with co-working space, day office and package room. The community will also feature a resort-style pool, sundeck with shade sails, grilling areas, fire pits, outdoor gaming, dog park and pet wash.
The project is estimated to be completed by December 2025. Tyler Hurd, Managing Director of Wood Partners’ Tampa office, is the development lead for the project.

MIAMI, FL – Related Group, one of the country s premier developers of sophisticated metropolitan living, and W5 Group, a leader in innovative residential investments in Europe and the US, have officially kicked off leasing and move-ins for i5 Wynwood, the district s first co-living community. Envisioned to offer Miami s definitive communal living experience, i5 Wynwood features 217 fully furnished, curated private suites with top-tier amenities starting in the $1,500s roughly 45% less than the cost of leasing a comparable, unfurnished studio apartment in the Wynwood, Downtown, and Brickell neighborhoods.
“i5 Wynwood exemplifies Related s commitment to continuously reimagining what housing can be, said Jon Paul Perez, President at Related Group. “In collaboration with W5 Group, we ve created a residential community that shows the full potential of the co-living sector, while catering to a diverse range of residents, from young professionals drawn to the neighborhood s growing tech scene to individuals seeking a more accessible, community-focused lifestyle.”
Each of i5 Wynwood s suites provides each resident with a private bedroom and private bathroom, as well as a spacious shared living room, dining room, and chef-inspired kitchen. Tenants have a choice of 3- or 4-bedroom apartments—all fully furnished with queen beds, writing desks, multiple shelving units, sleek lighting, dining tables and chairs, leather sofas, coffee tables, entertainment consoles, wall-mounted flat-screen TVs, dining and cutlery sets, wall art, Latch electronic locks in all suites, and Nest Smart Thermostats by Google. Rental rates begin at $1,580 per private bedroom suite and include the use of all communal spaces.
“In vibrant urban hubs like Wynwood, access to premier living often comes with a hefty price tag. However, co-living communities are revolutionizing the landscape, making this coveted neighborhood accessible to a diverse spectrum of tenants,” shared Ralph Winter founder and principal of W5 Group. “While boasting unparalleled aesthetics and amenities, our development, i5, stands out by offering affordability without compromising on quality. It’s poised to redefine the Wynwood experience.”
Interiors by Michael Wolk, also of the acclaimed St. Regis Resort Bal Harbour and Porsche Design Tower, embrace the artistic spirit of the Wynwood neighborhood with a fresh, colorful take on mid-century modern style, and simple, clean-lined design, enriched by artist Jing Wei s striking murals across the building s exterior facade.
i5 Wynwood amenities are designed to surpass those of existing co-living communities, featuring a rooftop pool oasis with sweeping skyline views, cabanas, picnic tables, a state-of-the-art grilling station, state-of-the-art fitness center outdoor yoga lawn, an expansive entertainment space with a premium sound system, game room with ping pong and lounge seating, and versatile co-working spaces equipped with sleek Poppin work pods, and meeting rooms.
A dedicated 24-7 lobby concierge, property-wide security system, and designated parking promise incomparable ease, security, and convenience for the i5 community.
Located at 51 NW 28th Street, the nine-story i5 Wynwood places residents at the heart of Miami s most exciting neighborhood with unmatched access to Michelin-star restaurants, award-winning bars, and trendy boutiques as well as the rich assortment of art galleries, studios, and exhibition spaces for which the area is known. Built to extend the neighborhood s art-driven, pedestrian-centric lifestyle, i5 Wynwood features over 3,900 sq. ft. of ground-floor retail space surrounding a 6,600 sq. ft. shaded central courtyard.

ALEXANDRIA, VA – Bonaventure, an integrated alternative asset manager focused on the investment, development, construction and management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, announced the sale of a roughly $18 million interest in Attain Downtown, a 156-unit Class-A multifamily community in downtown Norfolk, Va. and the acquisition of Cavalier Crossing, a 144-unit apartment community in Charlottesville, Va. The transactions were completed on behalf of Bonaventure Multifamily Income Trust, its perpetual life multifamily investment fund.
As part of the transaction, BMIT will retain a majority stake in Attain Downtown and continue to oversee its operations. The company used the proceeds from the sale to acquire Cavalier Crossing, a 144-unit garden-style apartment community in Charlottesville, Va., through a tax efficient 1031 exchange. The combined transaction is representative of one of Bonaventure s current investment tactics of extracting capital from stable core assets and redeploying it into undervalued or mismanaged value add opportunities with the potential for higher returns on a risk-adjusted basis.
Specifically, Bonaventure sold fractional ownership of Attain Downtown as a custom solution for an investor seeking to utilize the 1031 exchange. The sale was structured as a Tenancy-in-Common (TIC) transaction, which allows multiple investors to own undivided interests in a single property and defer capital gains taxes through a 1031 exchange.
This transaction represents one of the many customized solutions we can offer our clients to solve their 1031 exchange needs, while also helping us grow strategic new partnerships, said Bonaventure CEO and Founder Dwight Dunton. The 1031 transaction type allows for all involved parties to benefit. BMIT retained an ownership stake in Attain Downtown and continues to manage the property, and the new co-owner enjoys the potential for risk-adjusted returns without having to actively manage the property.
Bonaventure s private transaction partner added: The Bonaventure team was most helpful and professional in getting our 1031 with multiple Tenants in Common over the finish line as new co-owners in a great apartment community. This was a complex and tedious transaction and we could not have completed it without their help and experience. We are looking forward to much prosperity and profit in our growing business relationship.
Attain Downtown, ideally located in the heart of Downtown Norfolk, offers studio, one-, two-, and three-bedroom units with luxury finishes, walk-in closets, stainless steel appliances and energy-efficient designs. Amenities include a saltwater pool, 24-hour fitness center, gas grills, fire pits, and EV charging stations. Its prime location provides residents with easy access to dining and convenience options along Granby Street and proximity to the Historic Freemason District.
Bonaventure used the proceeds from the fractional sale of Attain Downtown to acquire Cavalier Crossing. Constructed in 2003 and strategically located near the University of Virginia and a Wegmans-anchored retail center, Cavalier Crossing will undergo a comprehensive renovation to upgrade unit interiors, amenities, and curb appeal. Bonaventure will enhance the existing amenity package which already includes a swimming pool, fitness center, basketball court, and volleyball court, to deliver an upscale community in a market where demand significantly outpaces supply.
Dunton continued, The acquisition of Cavalier Crossing aligns perfectly with our current acquisition strategy of identifying undervalued assets in growth markets that offer significant potential for value creation. By leveraging our nearly 25 years of success in multifamily development, we plan to reposition this well-located property into a thriving multifamily community.
The Charlottesville rental housing market is marked by high occupancy rates and limited new supply in the development pipeline. Charlottesville’s vibrant economy, driven by its status as a hub for education, healthcare, and technology, makes it an ideal location for multifamily investment. The University of Virginia not only contributes to a stable demand for housing but also anchors the community with its medical center, the largest employer in the area. This dual influence of UVA s educational and healthcare institutions further drives the demand for quality housing.
Cavalier Crossing is the latest addition to BMIT s 20-property portfolio, which consists of high-quality multifamily properties in strong markets across the Mid-Atlantic and Southeast regions. Since its inception in 2021, BMIT has acquired properties, many of which have used custom-built 1031 or 721 exchange programs under the Internal Revenue Code. Many of these solutions cater to investors seeking stable cash flow from multifamily properties without direct ownership and active management.

BOULDER, CO – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for Notch66, a 336-unit multifamily community in the Boulder suburb of Longmont. The first residents began moving in during winter of 2023 and the community is already over 30% leased.
“Notch66 provides an appealing rental option for residents desiring the style, luxury and convenience that Thompson Thrift communities feature,” 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 creating a community that residents are proud to call home.”
Sitting on 18.4 acres at 2514 Main Street and Ute Highway, Notch66 offers 336 one-, two- and three-bedroom garden style apartment homes. Each apartment home includes many in-demand features including elegant quartz countertops, stainless steel appliances, tile backsplashes, large walk-in closets, hardwood-style flooring, full-size washers and dryers, and more. Some apartments also include detached garages and private yards.
Conveniently located on Longmont’s north side, Notch66 is located minutes from downtown Longmont and provides residents with an easy commute to both Boulder and Denver.
Thompson Thrift expects construction for Notch66 to conclude later this summer. 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 and dog park. Additionally, in support of Thompson Thrift’s commitment to community outreach, they presented a check to The Learning Center, an early childhood education center for infants, toddlers and preschool children with an on-site pediatric therapy center.