GAINESVILLE, FL – FaverGray, a leading student housing general contractor, is proud to announce the successful delivery of Seminary Lane (Theory Gainesville), a remarkable 298-unit, 862-bed student housing community near the University of Florida in Gainesville.
The project encompasses approximately six acres and consists of four new apartment buildings, varying in height from three to five stories, as well as two parking garages.
What sets the project apart is the exceptional array of rooftop amenities, designed to create a truly exceptional living experience for its residents. These amenities include a resort-style swimming pool, a state-of-the-art fitness center, an impressive Jumbotron for community events, and inviting courtyard spaces for relaxation and socialization.
“We are honored to announce the completion of Seminary Lane,” expressed Ben Hinson, Executive Vice President of FaverGray, emphasizing our commitment to delivering top-tier construction projects tailored to meet the needs and aspirations of developers and owner/operators, setting new benchmarks for quality and innovation in the industry.
“We are proud of the hard work and dedication of our team in bringing this project to life,” said John Kitchens, Division Leader of FaverGray. “Their commitment to excellence and attention to detail have not only ensured the timely delivery of this project but also exemplify our unwavering commitment to exceeding the expectations of developers and owner/operators, setting a standard of quality and reliability in the construction industry.

DES MOINES, IA – NAS Investment Solutions (NASIS), a national sponsor known for high quality passive real estate investments with reliable yield performance, has acquired Broadway Apartments, a three story, 120-unit multifamily property complex in Des Moines, Iowa.
The acquisition of Broadway Apartments creates an investment opportunity for all real estate investors especially for those 1031 Exchange investors who are in immediate need of a quality replacement property. It is also suitable for self-directed IRAs and represents a narrow window of opportunity for accredited investors to participate.
National Asset Services (NAS), one of the Country’s leading commercial real estate companies, known for maximizing property value in all economic situations while enhancing residents’ living experience, will be responsible for overseeing property management as well as asset managing the multifamily complex for the property’s investment clients.
Built in 2015, the Broadway Apartments property features an average home size of 875 square-feet and is located approximately nine miles northeast from the heart of downtown Des Moines on a 7.83-acre site. Community amenities include an updated clubhouse, fitness center, playground, dog park, theater room and on-site management. There are additional garage spaces available for rent.
“We are excited to offer our clients the opportunity to invest in a property located in one of the strongest growth markets in the Midwest,” commented Karen E. Kennedy, President and Founder of NAS Investment Solutions and National Asset Services. “With significant investments from major tech industry companies, economic diversification and a lower cost of living, Des Moines is on a solid path to more growth and development.”
Located near restaurant and shopping venues, Broadway Apartments offers residents a variety of entertainment options right outside their doorstep. Adventureland Amusement Park, Prairie Meadows Racetrack & Casino, and Outlets of Des Moines are within two miles of the property. With proximity to I-80 and Hwy 6, there is easy access to major employers and downtown Des Moines.

RENO, NV – San Diego-based Tower 16 Capital Partners has successfully acquired The Deco at Victorian Square, a 209-unit multifamily property located in the Reno, Nevada market. The project was built in 2021 and acquired for $43 million, well below today s replacement cost.
This marks our first acquisition in the Reno market and brings us back into Nevada where we previously owned a portfolio of 2,000 units, said Tower 16 Co-Founder Tyler Pruett. We re pursuing opportunities in Western growth markets to acquire high-quality real estate at a steep discount to replacement cost and prior-peak pricing. We have been trying to enter the Reno market for years and remain firm in our conviction that in-migration from more expensive markets will continue, driven by increasing job opportunities, low cost of living and attractive lifestyle amenities.
Tower 16 has made similar moves in markets throughout the West, acquiring nearly 7,000 units representing assets of over $1 billion in Southern California, Las Vegas, Phoenix, Tucson, Albuquerque and Denver. The company seeks markets with strong rental housing fundamentals including employment growth, in-migration and a limited new supply of housing. Tower 16 is aggressively targeting new construction assets in varying stages of completion/lease-up as well as value-add opportunities in the Southwest.
The Deco is located at 955 Avenue of the Oaks in the desirable Victorian Square neighborhood of Sparks, a city just east of Reno. The property is a newly built, 10-story, podium-style multifamily community with a mix of studio, 1- and 2-bedroom apartments averaging 731 square feet. The downtown property is adjacent to the I-80 freeway close to the Tahoe Reno Industrial Center, Downtown Reno, several large hospital systems, as well as outdoor lifestyle amenities.
The Deco has performed very well and FPI Management has done a phenomenal job managing the final stages of lease-up, getting the property to 97% occupancy during escrow, said Tower 16 Co-Founder Mike Farley. The property is extremely well-built, and we plan to take it to the next level by enhancing the overall tenant experience.
Tower 16 will complete nearly $1 million in upgrades including common areas and fitness center upgrades and landscaping enhancements. The company will also add outdoor amenities including barbeques, seating and gathering areas.
We have been waiting for the right re-entry point in the Reno market and are grateful to Eastdil for the acquisition opportunity and their assistance securing debt financing in a turbulent capital-raising environment, said Tower 16 Director of Acquisitions Dave McClain. The Tower 16 team is eager to execute the business plan with our excellent investment partner and lender.
Jonathan Merhaut of Eastdil Secured represented the seller in this transaction. Eastdil Secured helped secure debt financing for the buyer, led by Lee Redmond and Greg Stampley.

GARLAND, TX – Wood Partners, a leading national multifamily real estate developer, announced the official grand opening of its newest luxury residential community, Alta Firewheel, situated in Garland, Texas. Alta Firewheel is Wood Partners’ second project in the Garland submarket, following the successful opening and sale of Alta Spring Creek in 2021.
Nestled near the President George Bush Tollway, Alta Firewheel offers residents a seamless commute to major employment centers and vibrant retail districts. The community provides direct access to an abundance of dining, shopping, and entertainment options at Firewheel Town Center, an expansive retail space exceeding one million square feet—all within walking distance of the community. Set amid attractions such as Lake Ray Hubbard, Firewheel Golf Park, Breckinridge Park, and One Eleven Ranch Park, Alta Firewheel offers a lifestyle of convenience and leisure. Additionally, we’re conveniently positioned close to several of Garland’s hike and bike trails, including the Rowlett Creek Preserve Trail.
Aside from the outstanding retail and dining choices just minutes away, Alta Firewheel’s prime location positions residents near the city’s top employment centers—City Line and the Telecom Corridor. Major employers in the vicinity include State Farm Insurance, Blue Cross & Blue Shield of Texas, Genpact, GEICO, and Cisco Systems.
“We are thrilled to mark a significant milestone in our commitment to the North Texas community with the grand opening of Alta Firewheel,” said Ryan Miller, Managing Director for Wood Partners. “Alta Firewheel is not just a residential community; it’s a dynamic space tailored for young professionals eager to establish roots and discover the richness of Garland, and we are very excited to continue playing a part in what makes the city of Garland so great.”
Alta Firewheel offers 250 luxury apartment homes featuring a mix of studios, one-, two-, and three-bedroom floor plans, with a focus on sophisticated living. Each home is meticulously designed with premium interior finishes and luxury touches, such as granite countertops, stainless steel appliances, wood-style flooring, upgraded fixtures and pendant lighting, as well as 42-inch, soft-close cabinets. Additional features sure to wow residents include programmable thermostats, private yards, and the convenience of in-unit washer and dryers.
Alta Firewheel provides a wealth of best-in-class community amenities to its residents, creating an unparalleled living experience. Dive into luxury at our resort-style pool, complete with tanning ledges, outdoor firepits, grilling areas, and an on-site dog park featuring a convenient pet wash station—all overlooked by an elevated clubhouse patio. Inside the clubhouse, discover a state-of-the-art fitness facility and inviting lounge spaces for socializing and coworking. Every detail at Alta Firewheel is designed to elevate your lifestyle. Welcome to luxury living with unmatched convenience.

DALLAS, TX – Mill Creek Residential, a leading developer and operator specializing in premier rental communities across the U.S., announced the start of preleasing at Modera Trinity, a luxury mixed-use apartment community uniquely positioned along the west levee of the Trinity River.
The seven-story community, which features 204 apartment homes and 4,000 square feet of ground-floor retail space on a formerly vacant industrial site, is uniquely designed with a lifted podium aesthetic that elevates the building’s amenities and most apartment homes above the levee. The community offers unobstructed, panoramic views of the iconic Dallas skyline, its two signature Calatrava bridges and the city’s most expansive naturalized greenbelt. First move-ins are anticipated for March.
“The neighborhood possesses a refined industrial spirit and is rapidly becoming one of the most desirable places to live in Dallas,” said Michael Blackwell, senior managing director of development in North Texas for Mill Creek Residential. “We are eager to join the neighborhood with a unique offering that might be as attractive to empty nesters and downsizers as it is to more conventional residents choosing the luxury and convenience of renting so close to where they work and play. Modera Trinity features larger floorplans, more expansive views and more convenient access to trails and open space than have been available in this section of the city, and we believe it will quickly become a highly sought-after living option.”
Situated at 2350 N Beckley Avenue, the triangular community veers towards the Trinity Skyline Trailhead and a future park, which will provide residents with a trail-oriented, nature-focused experience. Modera Trinity puts residents within close proximity of Downtown, Uptown, the Design District and the additional nearby shopping, dining and cultural attractions contained within Trinity Groves, Sylvan Thirty and Bishop Arts. Immediate surrounding attractions include White Rock Brewing Co., Manhattan Project, CiboDivino Centro, Houndstooth Coffee and Taco Deli.
Modera Trinity consists of spacious studio, one-, two- and three-bedroom apartment homes with den layouts available and an average size of 1,056 square feet. With the exception of six walk-up townhomes along Beckley Avenue, homes begin at 30 feet off the ground, which creates an elevated view in all directions.
Community amenities include a 24-hour club-quality fitness studio, hotel-like lobby, onsite retail, bike storage, pet spa, secured garage and EV charging stations on the first two levels. The third-floor amenity level, intentionally set at the height of the levee, includes a resident clubhouse with co-working spaces, coffee bar, catering kitchen, conference room and multiple lounge areas that lead out to an expansive amenity deck. The deck opens toward the river, bridges and skyline with a resort-style pool, grilling area, outdoor kitchen and dining, lounge seating, fire pit and a glass rail to maximize the views. At the top of the building is The Solarium, a greenery-draped community room which includes lounge seating, TVs, a private dining space and an outdoor terrace.
Apartment homes will be delivered with nine- and 10-foot ceilings, expansive living rooms and kitchens, walk-in closets and numerous floor plans designed for hybrid workers. Interior finishes include stainless steel appliances, 42-inch soft-close cabinetry with accent lighting, quartz countertops, sleek tile backsplashes, dine-in kitchen islands, built-in desks and shelves, mudrooms and smart features such as turnkey WiFi, smart thermostats and keyless entry. In most homes, bathrooms feature soaking tubs, double vanities, tile shower surrounds and linen closets.

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.