NEWPORT BEACH, CA – Clearwater Living, a real estate and property management company dedicated to the ownership, operation and development of high-quality senior living communities, announced the opening of Clearwater Newport Beach, a 101-unit, luxury assisted living and memory support community in Newport Beach.
“We are excited to welcome residents to this beautiful new community,” said Danielle Morgan, Clearwater Living’s president and chief operating officer. “Our communities embody our commitment to providing residents with the ability to receive the emotional, physical and social experiences they need when living in an assisted living community and this Newport Beach location provides convenient access to an array of shopping, dining and sightseeing opportunities that further enhance its appeal.”
Located just off Route 73 at 101 Bayview Place, Clearwater Newport Beach offers 70 assisted living and 31 memory support apartments in a variety of sophisticated, contemporary finishes and floor plans including studio, and one- and two-bedroom options. The community boasts a large outdoor courtyard, offering residents an immersive indoor/outdoor living experience.
Clearwater’s five-star, resort-style living provides residents with a creative studio, club room, fitness and wellness center, theater, housekeeping and laundry, salons, transportation and concierge services. Clearwater’s commitment to healthy living includes chef-driven cuisine that goes well beyond basic nutritional needs. Residents and their guests will be able to choose among a variety of options across multiple dining venues including an on-site Savor Restaurant, CDM Café, wine vault, outdoor bar and private dining.
Clearwater provides residents with access to a licensed nurse onsite, 24-hour compassionate care partners, medication coordination, regular monitoring and other comprehensive care services as well as physical therapy, occupational therapy, and speech-language pathology through their collaboration with EmpowerMe Wellness company. These amenities and services all represent Clearwater’s philosophy of Empowered Living through impactful emotional, physical and social experiences in a stimulating and comfortable environment.
Clearwater Living actively acquires, develops and operates a full range of senior housing communities throughout the western United States. Clearwater Newport Beach will be the company’s eleventh community in California, Nevada and Arizona, and they have additional developments in the pipeline.

TEMPE, AZ – Aptitude Development, a leading student housing developer with a decade of experience, announced the imminent groundbreaking of The Marshall Tempe, a transformative student housing project set to redefine student living near Arizona State University. Located at 1031 E Apache Blvd, The Marshall Tempe is poised to welcome Sun Devils for the Fall 2026 semester.
As Aptitude’s 11th ground-up development, The Marshall Tempe exemplifies the company’s dedication to creating vibrant, enriching student living experiences. “Arizona State is at the forefront of educational excellence, and we’re bringing a new wave of student housing to match. The Marshall Tempe is more than a residence; it’s a revolution in student living,” says Jared Hutter, Chief Snow Shoveler at Aptitude Development.
Designed by BKV Associates (Architectural) and CHA Consulting (Engineering), this pioneering project features 485 beds, each thoughtfully designed to enhance student wellness. Residents will have access to unparalleled amenities, including: A stunning pool, perfect for unwinding and socializing; State-of-the-art study lounges, designed to inspire academic excellence; A luxurious cold plunge and sauna, offering a holistic approach to health; The market’s most exceptional gym, tailored to empower fitness journeys.
“We’re not just building housing; we’re crafting a lifestyle. The Marshall Tempe is creating an environment where students can thrive academically, physically, and mentally,” adds Hutter.
This groundbreaking reflects Aptitude’s optimism in the evolving student housing market. “We’re navigating through the economic challenges by focusing on the future. With over 10,000 beds planned, our vision is clear – to innovate and create student communities nationwide. While many are running scared, we believe that now is the perfect time to build!” states Hutter.

ASHBURN, VA – Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announces that it has begun construction on a brand-new luxury apartment community located in Ashburn, Virginia. Aventon Moorefield will consist of 425 units in a mid-rise, six-story building located in convenient proximity to major transportation hubs including Ashburn Metro Station and Dulles International Airport.
With floor plans ranging from studios to three-bedrooms, Aventon Moorefield will be the premier luxury asset in the Loudoun County submarket. Greeted by 20-foot lobby ceilings, residents will feel at home with amenities including ample on-site remote workspaces, a state-of-the-art clubroom and lounge, a 24/7 fitness center, and a pet spa within the pet-friendly community. Outside, a resort-style pool and picturesque garden courtyard await. Built for the modern era, 16 EV charging stations are offered within the property’s secure parking garage.
“Loudoun County continues to grow rapidly. Fueled by the expansion of major tech companies, Loudoun is one of the fastest recovering post-COVID economies in the country. We are thrilled to be able to provide much-needed housing for its exploding population,” said Mark Coletta, Senior Managing Director for Aventon Companies. “Located in the prestigious Moorefield master planned community, steps from the Ashburn Metro Station, and surrounded by top-rated public schools and Fortune 500 companies, our residents will be in the heart of it all.”
Aventon Moorefield is located at 43601 Charitable Street in Ashburn and marks Aventon Companies’ fourth project in the region. Architectural design was led by Dwell Design Studios with interior design curated by Carlyn & Company. The community is expected to open for leasing in early 2026. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing over 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

DAVENPORT, FL – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that Marlowe Ridgeview, the latest Marlowe-branded apartment community, has begun pre-leasing.
Marlowe by Greystar provides suburban luxury living with quality newer finishes, spacious and current amenities and modern design with easy access to urban conveniences.
“We’re excited to bring Marlowe Ridgeview to Davenport. It is a community that has all of the modern conveniences but what really sets it apart is its focus on outdoor relaxation,” Parker LeCorgne, Sr. Director Development, Greystar, said. “The community offers amenities including two resort-style pools, outdoor kitchenettes and recreation spaces, encouraging residents to spend more time outside enjoying the Florida sunshine.”
Marlowe Ridgeview residences come in one-, two- and three-bedroom layouts that range from 807 to 1,261 sq. ft. The 288 apartments will have vinyl plank flooring throughout, energy efficient stainless steel appliances, quartz countertops, tile kitchen backsplash, private balconies and luxe bathrooms with soaking garden tubs. Private garages are also available.
Marlowe Ridgeview is in a prime location with grocery stores like Publix and Aldi, as well as big box stores including Target and Walmart close by. There is a wide selection of dining and nightlife options, such as 4 Corners Tavern, Trevi’s Restaurant, Blue Coast Asian Cuisine and more. Nearby attractions include Walt Disney World, Omni Orlando Golf Resort, Champions Gate Golf Club and Posner Park Mall, all of which are a short drive from the community. Nearby employers include Advent Heart Health of Florida Medical Center, Orlando Health Campus at Reunion Village and HCA Healthcare, all within a few minutes of Marlowe Ridgeview. Other noteworthy employers are FedEx, UPS, Amazon, Ford and Huttig.
Marlowe Ridgeview is targeting a mid-2024 opening date with final completion slated for late 2024.

DALLAS, TX – Knightvest Capital, a vertically-integrated multifamily investment company, announced the acquisition of the Cypress Apartments in McKinney, Texas, a fast-growing suburb of the Dallas-Fort Worth area. This represents Knightvest Capital’s first closed acquisition of 2024, as the Company continues to expand its presence in North Texas and add to its portfolio of over 34,000 units across the United States.
Built in 2007, Cypress Apartments is a three-story garden-style community where eighty-four percent of the floorplans contain two or three bedrooms. The community offers sought-after amenities, including a resort-style pool, fitness center, and media lounge. Knightvest plans to complete comprehensive property enhancements and modernize unit interiors to offer a high-quality alternative to new construction in the area.
“Knightvest continues to be well-positioned in this environment, and we’re thrilled to hit the ground running in 2024 with the Cypress acquisition that complements our expanding portfolio and supports our proven strategy to transform apartment communities,” said David Moore, Knightvest Founder and CEO. “Modern renters seek high-quality housing at affordable prices, and we efficiently renovate properties in a way that delivers a better quality of life for our residents and exceptional returns for our investors.”
Knightvest Capital has a strong track record of successful acquisitions in the McKinney market, and the Cypress Apartments occupy a prime location in the fast-growing city, which has been ranked as the Best Place to Live in America by Money Magazine.

NEWPORT BEACH, CA – Bain Capital Real Estate and Cherry Tree Capital Partners announced the formation of BCT Development, a strategic joint venture focused on the ground-up development of premier rental townhome communities throughout Southern California. The joint venture launches with the objective of deploying several hundred million dollars of gross capital over the next several years.
BCT Development will initially focus on acquiring, entitling, and developing land in Southern California s highest-growth suburban markets with the goal of providing differentiated rental product by way of elevated townhome communities. The partnership plans to target developments in growing neighborhoods, ensuring that residents have access to the best-in-class amenities, schools, and entertainment options.
Chris Marsh and Tim Stanley, who together previously oversaw an aggressive 22,000+ unit multifamily development pipeline as executives of Irvine Company, launched Cherry Tree Capital Partners in 2021 and will lead the new BCT Development venture.
Aging millennials are the fastest-growing demographic in Southern California. As individuals and families continue to migrate to the suburbs, they re faced with a lack of attainable for-sale housing, and quality alternatives. That s where BCT comes in — meeting this deep need of elevated rental living through our premier townhome communities, all while prioritizing affordability by design, Mr. Stanley said. Bain Capital Real Estate has a long-standing reputation as a thoughtful, thematic investor who shares our conviction in the multifamily housing space. We are thrilled to partner with their team to launch this differentiated and well-capitalized platform to execute on our investment strategy and provide new housing solutions to California residents, added Mr. Marsh.
Our multifamily strategy is closely aligned with our thematic investment approach. In a supply constrained market with growing consumer demand, we believe there is a significant opportunity to develop premier townhome communities for the high concentration of households in Southern California that have been priced out of homeownership, said Martha Kelley, a Managing Director at Bain Capital Real Estate. We look forward to a successful partnership with the Cherry Tree Capital Partners team and leveraging the combination of our deep industry expertise to provide renters with high-quality, affordable housing options.
Cherry Tree Capital Partners recently appointed Josh Wheeler as Head of Land Acquisitions. Mr. Wheeler brings over a decade of California land acquisitions experience to the company, and most recently served as Vice President of Land Acquisition at KB Home for over a decade. The Cherry Tree Capital Partners team also includes Principals Austin Maleki, Mike Wu, and John Bosco.

ROCKVILLE, MD – Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced the acquisition of a five-property portfolio spanning 1140 units across the D.C. metropolitan area and North Carolina.
The deal, with total project costs of $208 million, transfers ownership of four properties in Prince George’s County and Montgomery County, Maryland, and one property in Gastonia, North Carolina, to HVPG. The properties are as follows: Village Square, Gastonia, NC, 150 units; Central Gardens, Capitol Heights, MD, 96 units; Millwood Townhomes, Capitol Heights, MD, 77 units; Pleasant Homes, Seat Pleasant, MD, 287 units; Rock Creek Terrace, Rockville, MD, 528 units.
The acquisition marks the next step of HVPG’s growth in the Mid-Atlantic and Southeast regions. While the firm has previously undertaken rehabilitation projects in Maryland, the acquisition also represents HVPG’s first project in North Carolina.
“The acquisition of these properties marks an exciting milestone for our firm, as we have increased our current portfolio of affordable housing to 65 communities with more than 10,650 units throughout the Northeast, Midwest and Mid-Atlantic and Southeast regions of the United States,” said Jason Bordainick, co-founder and managing partner of Hudson Valley Property Group. “The continued growth of our holdings since our founding is a testament to our continued commitment to preserving quality affordable housing that benefits both our residents and the communities they call home. We thank our partners for their ongoing collaboration and look forward to upgrading these properties in line with our proven investment strategy.”
As part of its acquisition strategy, HVPG will improve and preserve each of the 1140 units of affordable housing included in the portfolio, while furthering its goal of uplifting and revitalizing communities through HVPG’s investments in high-quality, sustainable neighborhood assets. HVPG is planning approximately $13M of initial renovations across the 5 properties that will encompass a variety of holistic improvements, including site infrastructure upgrades and a number of in-unit bathroom, kitchen and apartment safety improvements as needed to ensure adherence to HVPG’s community standards.
To ensure long-term affordability for its residents, HVPG secured new or assumed existing governing regulatory agreements for each of the properties with agencies inclusive of U.S Housing Urban & Development (HUD), Prince George’s County and Fannie Mae extending affordability by an average of 29.5 years across the portfolio.
The acquisition and property rehabilitations are financed from Hudson Valley Property Group’s latest fund, as well as debt financing from Fannie Mae arranged through JLL.

TAMPA, FL – Thompson Thrift, a full-service nationally recognized real estate company, announced the development of The Stadler, a 279-unit multifamily community in the Tampa suburb of Bradenton. Thompson Thrift plans to welcome new residents beginning in summer 2025.
“The Sarasota-Bradenton metro has seen significant household growth in recent years and Thompson Thrift looks forward to providing residents with an upscale rental living option with views of Sarasota Bay,” said Josh Purvis, managing partner for Thompson Thrift Residential.
Located off El Conquistador Parkway, the nine-acre site will offer one-, two- and three-bedroom apartment homes with up to 1,445 square feet. Its location near Sarasota Bay will provide ocean views from a number of apartment homes as well as an array of in-demand amenities including stainless-steel appliances, timeless tile backsplashes, designer fixtures and finishes, hardwood-style flooring, patio and balcony options, a full-size washer and dryer, detached garage option, as well as a suite of Alexa-compatible smart home technology. Community amenities will include a fully equipped 24-hour fitness center, bike storage, pickleball court, dog park with pet spa and grooming station, a covered sky deck and Thompson Thrift’s first ever lazy river-style swimming pool.
Brian Timberman, president of Thompson Thrift Construction, added, “Our team puts their hearts into each of our communities, but this one holds a very special place for us as it has been named in honor of Henry Stadler, late senior vice president and chief operating officer of Thompson Thrift Construction. We are forever grateful for his 27 years of service, friendship and dedication to our organization.”
The Stadler is located on the southern border of the Lake Flores master planned community, a mixed-use development that will encompass nearly 1,300 acres and feature 6,500 homes, 2 million square feet of retail, 1 million square feet of office space, 500 hotel rooms and a beautiful 19-acre man-made lake. Residents of The Stadler will also enjoy easy access to the Sarasota-Bradenton Airport, downtown Sarasota, downtown St. Petersburg and downtown Tampa.
The Sarasota-Bradenton MSA has soared to the top of many charts in recent years, including #1 Best Places to Live on the Coast, #1 Best Quality of Life in America, #1 Beach in America and #2 Most Entrepreneurial Area among midsize metros in the U.S.
Thompson Thrift is a full-service real estate development company focused on ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. The company continues to expand its footprint with eight new residential developments targeted for 2024, including new markets in Georgia, Utah and Idaho. The Stadler marks Thompson Thrift’s 15th multifamily community in Florida.

KILLEEN, TX -The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with The City of Killeen Public Facility Corporation (PFC), J.P. Morgan, and Texas Capital Bank, celebrated the grand opening of Station42, a 368-unit mixed-income multifamily project in Killeen, Texas.
Station42 showcases NRP’s dedication to offering quality housing for Central Texas residents at all income levels, with a focus on the “missing middle” who face challenges affording market-rate rents amid the region’s rapid population growth. To meet this demand, more than half of the property s units are reserved for residents earning less than 80 percent of the area median income (AMI).
“It’s an honor to play a role in the revitalization of North Killeen while providing high-quality housing for members of the military, young professionals, and working families,” said Parker White, Vice President of Development at the NRP Group. Collaborating with the City of Killeen is a privilege, and we look forward to contributing to the city’s continued growth and prosperity.”
Located near the corner of W.S. Young Drive and East Veterans Memorial Boulevard, adjacent to Conder Park, Station42 boasts a robust onsite amenities package. Residents will have access to a 24-hour fitness center, club room, gaming area, kitchen and dining space, and a coworking lounge space complete with two tech-enabled conference rooms. The development s outdoor amenities include a dog park and entertainment area with dining space, a resort-style pool and a grilling deck. A package concierge and private, detached parking garages with EV charging stations are also available. The property is in proximity to Killeen s historic downtown.
In-unit finishes include keyless fob entry, in-suite washers and dryers, LED backlit mirrors, built-in USB ports, and, in select units, balconies are available. Kitchens feature stainless steel appliances, maple white quartz countertops, white brick kitchen backsplashes, undermount sinks and under-cabinet kitchen lighting.
We are thrilled to celebrate Station42 which brings a new dimension to our community but also presents a unique affordability opportunity for our constituents, said Jessica Gonzalez, Killeen City Council Member District #1. Station42 stands as a robust economic driver, and I believe it will significantly enhance the well-being of our residents while concurrently diversifying the range of housing options in Killeen. It s beautiful to have the finished product here in our neighborhood.
Killeen has a population of nearly 160,000, making it the 19th-most populous city in Texas and the largest of the three principal cities of Bell County. Due to the city s proximity to Fort Cavazos, Killeen s local economy is interconnected with the activities of the post, and the soldiers and their families stationed there.
Station 42 signifies growth, revitalization and progress, said Kent Cagle, Killeen City Manager. It will also help reinforce our Killeen 2040 Comprehensive Plan, with its proximity to our Historic Downtown, as the goal is to continue to build up the downtown district and the surrounding neighborhoods, which is critical to the city s fiscal health. We ve made investing into the north side neighborhoods a priority.
J.P. Morgan partnered with The NRP Group to provide equity investment in the project, while construction financing was provided by Texas Property Bank.

NORCROSS, GA – PruittHealth, a family-owned organization for more than 50 years, is expanding its senior living offerings in Georgia with the acquisition of Brighton Gardens of Buckhead. The Norcross-based company is renaming the assisted living community PruittPlace-Buckhead and plans future renovations for the prime Lenox Road location.
“We are excited to grow our ability to provide more active senior living options, especially here in the metro Atlanta area,” said Neil L. Pruitt, Jr., chairman and CEO of PruittHealth. “Georgia is our home, and we intend to make sure that PruittPlace-Buckhead is a vibrant community and a flagship of exceptional service for seniors.”
The beautiful Buckhead campus features a carefree lifestyle with fine dining, a casual bistro, and personal housekeeping and laundry services. The pet-friendly community also includes lush gardens and relaxing outdoor porches, patios, and a sunroom, as well as activity rooms, social spaces, a library, and a private dining room that can be reserved for family gatherings. PruittPlace-Buckhead has room for 112 residents to call home with a choice of floor plans and suites to appeal to different needs. The center also accommodates short-term rehabilitative care and memory care, providing comfortable and safe surroundings when needed.
“For more than 50 years, we’ve had the privilege of caring for loved ones,” continued Pruitt. “At PruittHealth, family is the centerpiece of everything we do, and we’re excited to create lasting relationships with the residents, staff, and families of PruittPlace-Buckhead.”
With the addition of PruittPlace-Buckhead, the organization operates 108 senior communities and health care centers in five states.