MANCHESTER, NH – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on the future site of The Residences at Chestnut, an affordable housing development in Manchester, during a ceremony with community leaders and financing partners.
“Lincoln Avenue Communities is committed to building high-quality, resilient properties that create long-term access to affordable housing in communities across the country,” said Thom Amdur, LAC Senior Vice President, Policy and Impact. “The Residences at Chestnut represents our first ground-up development in New Hampshire, and we’re grateful to our public and private partners who helped make this deal possible.”
The 142-unit property represents LAC’s first new construction deal in New Hampshire, which is facing a statewide affordable housing crisis. The Residences at Chestnut will include two apartment buildings, with 106 combined units restricted to households earning less than 60 percent of the area median income (AMI); 36 units will receive project-based vouchers, with 30 of those units set aside for veterans and their families.
“This development will add 142 units of much-needed affordable housing in Manchester, where high-quality homes remain out of reach for many residents,” said Scott Shaw, LAC Vice President & Regional Project Partner. “We’re especially proud to support veterans and their families who face unique barriers to finding attainable housing.”
Construction of The Residences is expected to finish in 2025. The property will include an underbuilding parking garage, roof deck, fitness center, bike storage and other community amenities.
The groundbreaking ceremony featured remarks from Manchester Mayor Joyce Craig and representatives from the New Hampshire Housing Finance Authority, Families in Transition, Manchester VA Medical Center and the offices of New Hampshire’s congressional delegation, among others. Following remarks, LAC formally broke ground on a section of the property to mark the beginning of construction.

MCDONOUGH, GA – Vista Residential Partners, a national multifamily development firm, has broken ground on Phase I of a two-phase mixed-use development, Oak Grove Vista. The development is a joint venture between Atlantic American Partners, Township Capital, and Vista Residential Partners, with financing provided by Trustmark Bank and First National Bank.
Located in the burgeoning suburban enclave of McDonough, Georgia, Phase I of Oak Grove Vista will include 302 multifamily units defined by a low-density residential community feel with a central amenity area including a pool, gym, and club room.
The entirety of the mixed-use development will include 348 multifamily units and 40,000 square feet of commercial space along Jonesboro Road. Phase I of Oak Grove Vista will be a defining luxury asset in McDonough complemented by nearby commercial space and servicing pent-up residential demand.
The Property’s strategic location off of I-75 will connect future residents to 53M SF of prime logistics and E-commerce centers, over 400,000 jobs along I-75 North, Hartsfield-Jackson International Airport, Henry County’s growing healthcare industry, and the CBD job centers of Midtown and Downtown Atlanta. McDonough is rapidly becoming a major hub for logistics and e-commerce, with over 75,000 jobs in these industries in the immediate area. This growth is indicative of the city’s strategic location and its commitment to supporting next-generation industries. McDonough’s logistical infrastructure is essential to the Atlanta metro area, and it is poised to play an even greater role in the decades to come.
“We are excited to expand our presence within McDonough,” said Chase Beasley, Managing Director for Vista, said in the release. “This is our second community in this burgeoning pocket of Henry County, and we have strategically aligned our homes and amenities to provide a superior living experience in a location providing all of life’s comforts within close proximity to downtown Atlanta.”
Major economic and population growth in McDonough has been met with minimal new multifamily developments. The Property’s frontage along Jonesboro Road will be further accented by an adjacent retail development Which is to include a national coffee concept, RaceTrac gas station and additional restaurant concepts.
“Henry County continues to see very strong population and job growth. Oak Grove Vista is designed to meet the growing demand for housing in this region,” said Michael Neyhart, Chief Investment Officer for Vista Residential Partners. “We are excited to embark on a new relationship with the teams at Atlantic American Partners and Township Capital and are grateful for the trust they have placed in Vista”.
The community will offer a mix of one-, two-, and three-bedroom apartment homes averaging 1,000 square feet, along with 8 carriage homes providing direct access garages. Designed by architect Niles Bolton, the garden-style apartments will feature stainless steel appliances, 9-foot ceilings, vinyl plank flooring, in-unit washers and dryers, and dining-size kitchen islands. Oak Grove Vista will also feature a luxury clubhouse, resort-style pool, co-working space, fitness center, a large pet park, 24/7 package concierge, and 40,000 SF of walkable retail and restaurants.

HOUSTON, TX – National multifamily real estate development leader Wood Partners announced the grand opening of its newest luxury residential community, Alta Cypress Springs. Nestled between the flourishing areas of Katy and Cypress, Texas, suburbs of Houston, the community officially started welcoming residents in October, and leasing activities are in full swing.
Situated south of FM 529 on Fry Road, Alta Cypress Springs provides an ideal residential haven northwest of Downtown Houston, offering quick access to major routes, such as the Grand Parkway, US 290, and I-10. With the community’s prime location, residents can indulge in a diverse array of nearby retail, dining, and entertainment experiences including multiple grocery-anchored shopping centers, Katy Mills Mall, La Centerra, and Towne Lake Boardwalk.
Nature enthusiasts will appreciate Alta Cypress Springs’ proximity to George Bush Park, Bear Creek Pioneers Park, and Mason Creek Hike and Bike Trail, each offering picturesque walking, running, biking trails, and recreational spaces. The community is zoned to the acclaimed Cypress-Fairbanks Independent School District and is near 11 significant corporate headquarters and key employers, including Toshiba, Shell USA, BP North America, Igloo, Amazon, and Academy Sport + Outdoors. Additionally, Alta Cypress Springs is located minutes away from five major hospital system locations including, Houston Methodist, Memorial Hermann, Texas Children’s, MD Anderson and HCA Healthcare.
“We are pleased to announce the opening of Alta Cypress Springs, a luxury community catering to young professionals and families in the west Houston area,” said Bart Barrett, Managing Director at Wood Partners. “This addition to our Houston portfolio reflects our commitment to creating first class communities in premier locations.”
Crafted by Design Balance, a boutique architectural firm based in Rockwall, Texas, Alta Cypress Springs offers 330 apartment homes featuring a variety of one-, two-, and three-bedroom floorplans. Each residence boasts upscale finishes, including stainless-steel appliances, granite countertops, designer tile backsplashes, 42″ cabinets, full-size washer and dryer sets, and wood-style flooring throughout.
Residents can take advantage of designated parking, including reserved and carport spaces. The property enhances the living experience with an array of Class A amenities, such as a resort-style swimming pool with sundeck and outdoor kitchen, as well as their own dog park. The Clubhouse features a fitness center, clubroom, and a business center complete with a conference room and entertainment spaces. Additionally, cutting-edge audio/visual technology, urban living design, and high-speed internet hotspots in all common areas will ensure seamless connectivity throughout the community.

RIVERSIDE, CA – The REMM Group is pleased to announce that it has been awarded the management contract for Lincoln Village Apartment Community for the second time. The REMM Group successfully oversaw the management of the Riverside luxury apartment community during its 2020 lease-up. The outstanding results achieved during Lincoln Village’s lease-up phase played a pivotal role in the community’s rapid sale just one year after leasing began. Subsequently, management was transferred to another firm, until this summer, when The REMM Group was again selected to resume management.
“We are excited to return to Lincoln Village Apartment Homes and renew our partnership with the residents and stakeholders. Our team is dedicated to providing an exceptional living experience for the residents of this stellar community,” stated Sara D’Elia, CEO at The REMM Group.
D’Elia continued, “Lincoln Village is already responding to our team’s hard work with good reviews, higher occupancy, and an increase in lease renewals.”
Lincoln Village Apartment Homes embody luxury in every facet of their design. The 180 units in the community feature open floor plans, high ceilings and recessed lighting. The quartz countertops, and top-quality stainless-steel appliances make chef-worthy kitchens.
One, two, and three-bedroom apartment homes offer up to 1,200 square feet of space. Two-bedroom townhome units are also available. The Lincoln Village homes are equipped with washers and dryers, smart lock technology, and air conditioning. Amenities include covered carports, garages, or garages with storage. There are even garages with direct unit access.
Lincoln Village’s gated community boasts a spacious two-story clubhouse, a shaded lounge area, resort-style pools, and a dog park. The beautifully landscaped community is a short drive to Riverside’s downtown Historic District. Arlington Heights Sports Park and California Citrus State Historic Park are just steps away. The apartment homes currently lease from $2,105 to $3,486.

HOUSTON, TX – ECI Group announced the sale of The Columns at Westchase apartments at 3354 Rogerdale Road in Houston, TX to Mosaic Residential. The 318-unit community located in the heart of Houston was built in 1999 and acquired by ECI in 2018. Since 2018, ECI has completed major capital expenditures to both interiors, exteriors and community amenities.
“The ECI team is very proud of the repositioning and successful execution of our business plan at The Columns at Westchase, concluding with this successful sale,” said Scott Levitt, Chief Acquisitions Officer at ECI Group. “We look forward to making future investments in Houston and other major markets in Texas. Texas is a dynamic and growing state, and expanding our existing presence there is part of our strategic business plan.”
The Columns at Westchase apartments boast new, high-end lighting, flooring, cabinetry, granite countertops in kitchens and bathrooms, plumbing fixtures, and washers and dryers throughout 100% of the apartments. A number of units feature attached garages and/or carports.
Additionally, renovations were made to the clubhouse and leasing office, pool, fitness center, and BBQ pavilion as well as unit exteriors, roofs, and landscaping. The community is extremely well-located, proximate to Houston employment centers and retail/restaurants.
ECI extends its appreciation to David Mitchell at Newmark for their representation of the seller.

BETHESDA, MD – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, and Partners Group, a leading global private markets firm, acting on behalf of its clients, announced that they have broken ground on a new apartment building at 7340 Wisconsin in Bethesda.
“7340 Wisconsin Ave presents the unique opportunity to transform a forlorn site in the heart of Bethesda into a boutique project befitting of its trophy location, direct access to mass transit, top public schools and exceptional demographics.” said John Clarkson, Managing Director, Development, Greystar. “We are very fortunate to venture with Partners Group and collectively believe moving forward with our project in an uncertain environment will generate significant long-term value for the community and the partnership.”
“We are pleased to expand our relationship with Greystar, one of the country’s top developers, on this project. We look for high-conviction growth themes with best-in-class operators. The residential sector has been a core focus for us in the US, particularly high-quality assets with world-class amenities that support the resident experience,” said Jason Longo, Member of Management, Private Real Estate Americas, Partner’s Group.
Designed by Bethesda-based SK& I Architecture and New York City-based interior designer JGNA, the new community will be distinctive by design with a geometric terracotta façade and a minimalist, sculptural interior. On the unit floors, residents will experience shorter corridors and a small number of units per floor, allowing for a more intimate, boutique feel.
The 26-story tower, including a penthouse and four levels of below-grade parking, will bring 301 residences to the area, 46 of which are Moderately Priced Dwelling Units (MPDUs). Apartments will be available in studios, one-, two- and three-bedroom layouts with penthouse units on the upper floors, some of which have direct elevator entry. Other unique unit features include separate cooktops and ovens, curated finishes, and keyless entry.
Amenities for the residents will include a speakeasy, rooftop pool, screening room, work from home multi-use spaces, fitness center, and 24-hour concierge. The apartment building will also have retail located on the first floor of the building.
The location is steps away from many Bethesda shopping, dining and entertainment options, including vibrant Bethesda Row. The Bethesda Metro stations for the red line and future purple line are both about a block away, providing easy access to the greater DMV area and all of its offerings, including Reagan National and Dulles airports.
The first units are projected to deliver in Q4 2025 with final completion in early 2026.

UNIVERSITY PLACE, WA – Leading national multifamily real estate developer, Wood Partners, announced the official grand opening of its newest luxury residential community, Alta University Place. The upscale community is nestled in University Place, an upscale suburb situated near Tacoma, Washington, and is Wood Partners’ third development to debut in the Seattle-Tacoma market.
Centrally located in a sought-after community between the Puget Sound and the I-5 corridor, Alta University Place provides residents with walkable local conveniences and easy access to regional transit options, including direct routes to nearby Tacoma and Seattle. Spanning over eight acres, this urban village community provides a wealth of on-property amenities and convenient access to nearby dining and shopping venues. Additionally, it offers proximity to numerous parks and recreational opportunities along the Puget Sound waterfront, including the renowned Chambers Bay golf course. The property’s prime location also provides residents with direct connectivity to key employers, contributing to the region’s status as one of the nation’s leading growth markets.
“We are thrilled to welcome residents to Alta University Place, as we extend our presence in the Pacific Northwest region,” said Dave Knight, Director at Wood Partners. “Being Wood Partners’ third development in the Seattle-Tacomaarea, it gives me great pleasure to introduce Alta University Place. This modern suburban development exemplifies our commitment to building a variety of quality housing options that create community and improve people’s lives through uncompromised design, construction, and management of outstanding properties.”
Alta University Place offers 274 apartment homes, providing a mix of studio, one-, two- and three-bedroom floor plans, with an average area of 893 square feet, for residents to choose from. With contemporary design features, every apartment is thoughtfully equipped with top-tier finishes to create a warm welcome for residents. These finishes include elegant quartz countertops, stainless steel appliances, wood-style plank flooring, in-unit washer and dryer sets, air conditioning, and various other attractive touches.
Throughout the community, residents have access to an abundance of premium amenities, including a clubroom, fitness center, resort-style pool, outdoor grilling areas, and a spacious off-leash pet park.

NASHVILLE, TN – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced construction is underway at Modera SoBro, a midrise apartment community in the South Broadway (SoBro) district of Downtown Nashville.
Modera SoBro will feature 404 contemporary apartment homes and boasts a prime location within a 10-minute walk of the city’s central business district. The community provides easy connectivity to surrounding neighborhoods such as Pie Town, SoBro, The Gulch and Rutledge Hill. Modera SoBro first broke ground in February and first move-ins are targeted for March 2025.
“SoBro and the surrounding area continues to become a highly sought-after living destination, and we’re eager to join the neighborhood,” said Luca Barber, senior managing director of development in Nashville for Mill Creek Residential. “Given its location, finish level, amenity package, enhanced views and generous home sizes, we believe Modera SoBro is well positioned to stand out amidst the newer rental communities in the market. We’re looking forward to offering a top-of-market experience.”
Situated at 825 6th Avenue South, Modera SoBro is located just north of Interstate 40 and just south of Division Street, two of the city’s key thoroughfares. The community is surrounded by various emerging attractions, such as The South Gulch, SoBro, Bridgestone Arena, Broadway, Fifth & Broad, Ascend Amphitheater and Nashville Yards. Additionally, the recently completed Division Street Extension Bridge links Modera SoBro to the Gulch and includes bike lanes and sidewalks.
Modera SoBro will offer one-, two- and three-bedroom homes with select den layouts and an average size of 921 square feet. That includes 27 rooftop terraces with in-home stairwells. Community amenities will include a resident clubhouse, resort-style pool, landscaped courtyards, rooftop deck, grilling area, outdoor dining, co-working spaces, conference room, private workspaces, pet spa, pool table, shuffleboard and a club-quality fitness center with cardio equipment, Peloton bikes and a yoga/Pilates studio. The community will also offer controlled-access garage parking, 51 parking spaces with EV outlets, bike repair station, dedicated bike storage and additional storage space.
Home interiors will feature nine-foot ceilings, wood plank-style flooring, oversize floor-to-ceiling windows, stainless steel appliances, quartz countertops, tile backsplashes, custom cabinetry, under-cabinet lighting, moveable kitchen islands, walk-in closets, in-home washers and dryers, smart thermostats, smart leak detection, key fob access, controlled-access guest technology and bulk WiFi. Select homes will feature built-in desks. Bathrooms will include tile shower surrounds, with many featuring double vanities and linen closets.

HUNTERSVILLE, NC – 37th Parallel Properties, a leading multifamily real estate investment firm, announced today it has acquired Greys Harbor at Lake Norman, a 312-unit residential community located in Huntersville, NC. This acquisition marks 37th Parallel’s inaugural investment in Charlotte, the first step in strategically expanding the firm’s portfolio into North Carolina.
“This acquisition is a significant milestone in our expansion strategy across the Southeast’s high-growth metropolitan areas,” said Dan Chamberlain, Managing Partner. “Despite record new apartment supply across the country, only 288 units have been delivered in Huntersville over the past four years, and only one community is currently under construction. Demand remains strong, driven primarily by a strong housing market. With average area home prices at $620,000, renting at Greys Harbor is 3.41 times less expensive than owning a home.”
Spread over 21 acres, Greys Harbor offers one-, two-, and three-bedroom units with large floorplans averaging 1,039 square feet. Apartment and community amenities include nine-foot ceilings, private patios and balconies, a resort-style swimming pool, as well as 32 detached garages and 9 boat parking spaces.
“The acquisition of Greys Harbor highlights 37thParallel’s ability to identify value and capitalize on market dislocations at all points in the economic cycle,” said Doug Fraser, who leads the acquisition efforts for the firm. “We expect the absence of new supply around the asset to put upward pressure on rental rates as resident demand in this supply-constrained submarket continues to grow.”
Cutt Ableson, Senior Managing Director at Berkadia, arranged fixed-rate, Freddie Mac financing for the acquisition. “Berkadia and Freddie Mac have enjoyed a great relationship with 37th Parallel, completing over $400 million in financing,” says Ableson. “We look forward to supporting this team as they focus on expanding their multifamily portfolio into new markets.”
Greys Harbor is the initial investment from 37th Parallel’s second fund, 37P – Fund II, which is currently accepting commitments. Fund II, an income and equity growth fund, will employ a similar strategy as Fund I, targeting value-add and core-plus multifamily real estate in dynamic growth markets in the Southeast and Texas. Fund I currently holds diversified investments in Atlanta, Austin, Dallas, and Houston. The realized investments from Fund I have delivered an average gross multiple of 2.24x on initial investment.
“This year, we successfully completed the sale of several assets, allowing us to reallocate capital towards assets with superior relative value and enhanced risk-adjusted returns,” said Chad Doty, Managing Partner. “Our dispositions in 2023 have resulted in average annual gross investor profit of 23.68%, and an average gross multiple of 2.25x on initial investment.”

HAVRE DE GRACE, MD – Green Street Housing, a Maryland affordable housing developer, hosted a groundbreaking ceremony at the Village at Blenheim Run in Havre de Grace, Maryland. Village at Blenehim Run is a new construction mixed-income development that now provides a modern, high quality apartment community dedicated to providing quality affordable housing to qualifying tenants in need, as well as market rate units and commercial rental space.
The property is financed through a Low-Income Housing Tax Credit investment from Hudson Housing Capital and Bank of America – who also provided the construction debt financing, a long-term loan from PNC and Freddie Mac, as well as a grant won through Federal Home Loan Bank of Atlanta.
The co-developers, Green Street Housing and TM Associates Development, Inc., have embarked on several similar projects across Maryland over the last few years and are proud to add Blenheim Run which will provide high quality, affordable housing to its residents and a community asset that the Town of Havre de Grace can be proud of for many years to come.
“We are proud to have partnered with TM Associates Development to bring the dream of Blenheim Run to life, and to serve the residents of Havre de Grace and Harford County”, said David Layfield, Principal of Green Street Housing.