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.

CONROE, TX – Wood Partners, a national leader in multifamily real estate development, announced the grand opening of its newest luxury residential community, Alta Sergeant, located in Conroe, Texas. Officially welcoming the first wave of residents, the community is actively leasing.
Situated just north of Houston, Conroe is experiencing substantial growth propelled by significant corporate relocations and business expansions within the area. Conroe has been recognized as one of the fastest-growing cities in America since 2010. Alta Sergeant’s prime location near Interstate 45 and TX Hwy 105, provides residents with convenient access to nearby retail, dining, and entertainment options. The community provides proximity to major employers in The Woodlands, home to over 40,000 jobs across 85+ corporations, including ExxonMobil, Conroe ISD, Memorial Hermann, The Woodlands Medical Center, The Woodlands Hospital, Houston Methodist, St. Luke’s Health, and Hewlett Packard.
“As we open the doors to Alta Sergeant, our newest luxury community in the city of Conroe, we are happy to be a part of one of the fastest-growing markets in the Houston area,” said Bart Barrett, Managing Director of Wood Partners. “Wood Partners is thankful to play a role in the continued growth and development of Conroe.”
Alta Sergeant features 354 apartment homes, offering a mix of one-, two-, and three-bedroom floorplans. Striking a perfect balance between comfort and luxury, each home showcases high-end interior finishes, including stainless steel appliances, granite countertops, tile backsplashes, 42″ cabinets, and wood-style flooring throughout the kitchen, living room, and bathrooms. Residents also enjoy the added convenience of in-home washer and dryer sets, along with available surface parking and on-site carports.
Alta Sergeant offers a wide range of desirable amenities, including a resort-style pool complete with a sundeck and outdoor kitchen, as well as a dog park. The clubhouse features a state-of-the-art fitness center, clubroom, business center, and multiple conference and entertainment spaces. All common areas feature high-speed wireless internet and the latest in audio/visual technology, providing residents with full connectivity across the entire community.
Conroe is bordered by 22,000-acre Lake Conroe, Sam Houston National Forest, and W. Goodrich Jones State Forest, allowing residents to enjoy outdoor activities, including hiking, biking, fishing, and water sports.

WEST MELBOURNE, FL – Venterra Realty recently acquired the Avasa Hammock Landing community located in West Melbourne, Florida. The 300-unit multi-family community was newly built in 2023 and offers modern one, two, and three-bedroom garden-style residences that range from 769 – 1484 square feet in 12 unique floor plans.
The apartments feature high-end interiors including quartz countertops, stainless steel appliances, deep single-basin sinks, subway tile backsplash, soaking tubs, and ample closet space. The property provides renters with access to a best-in-class amenity package including a resort-style pool area, with a saltwater swimming pool, a pavilion with grills, tables, TVs, and a hammock lawn, as well as a 24/7 fitness center, yoga studio, remote workspaces, bark park and dog wash station.
Located in West Melbourne, the property is situated along the I-95 corridor at the south end of the “Space Coast” and is adjacent to Venterra’s Luminary at 95 property. Both properties offer convenient access to major employers in the aerospace and defense industries in Melbourne, as well as walkability to a nearby shopping center that includes a Publix and a Super Target.
Venterra will implement its resident-focused programs such as the Live it. Love it. Guarantee, the 48-Hour Maintenance Guarantee, and SMARTLEASING.
“We have seen excellent growth in the Florida Market, and are excited to expand our portfolio with Avasa Hammock Landing as our second property in the West Melbourne area,” said John Foresi, CEO of Venterra Realty. “Venterra has become known as a company that is committed to providing a market-leading living experience, and we look forward to identifying opportunities to further enhance the standard of living at Avasa Hammock Landing by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

SILVER SPRING, MD – Green Street Housing and TM Associates Development, two of Maryland’s largest affordable rental housing developers, hosted a groundbreaking ceremony for Sligo Apartments in Silver Spring, Maryland.
Sligo Apartments is a new construction residential development, that is 100% affordable with restricted rents. Sligo Apartments will provide a modern, high quality apartment community dedicated to providing quality affordable housing to qualifying tenants in need, as well as market rates units and commercial rental space.
The property is financed through a Low-Income Housing Tax Credit (LIHTC) investment from Hudson Housing Capital and Capital One – who is also providing the permanent debt financing, as well as loans from the Maryland Department of Housing and Community Development.
Ed Delany, Community Finance Senior Capital Officer for the Mid Atlantic at Capital One said “At Capital One, we understand that financing the creation and preservation of affordable housing is essential to mitigating the ongoing crisis across the nation, and especially in Montgomery County. We were pleased to once again leverage the LIHTC program, as well as provide construction debt and a Freddie Mac permanent loan, to bring the new Sligo Apartments development to life.”
The co-developers, Green Street Housing and TM Associates Development, have developed many similar projects across Maryland and are proud of Sligo’s promise to provide affordable housing to its residents and serve as a long-term community asset to Silver Spring and the surrounding area.
“Sligo Apartments is a great project and we are excited to bring another high-quality affordable rental community to Maryland,” said Dave Layfield, Principal of Green Street Housing.

PHOENIX, AZ – Toll Brothers, the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Willton Investment Management have announced a new joint venture to develop Lumara, a four-story, 456-unit multifamily rental community in Phoenix, Ariz. The project is being financed through an $86 million construction loan facility from Santander Bank N.A. as agent and Alerus. The equity and debt were arranged by Toll Brothers in-house Finance Department.
The community will consist of 456 rental apartments and more than 700 parking spaces, including some with EV (electric vehicle) charging stations. The apartment units will feature high-end luxury finishes and a best-in-class amenity package, including a heated resort-style pool, rooftop terrace, outdoor fitness lawn, putting course and virtual sport simulator, sculpture garden and private walking trail, and business conference room.
Lumara is located in the heart of the Deer Valley submarket in North Phoenix, just a 10-minute drive from Taiwan Semiconductor Manufacturing Company s future microchip manufacturing plant.
John McCullough, President of Toll Brothers Apartment Living, said, With strong growth in the area, including a burgeoning tech manufacturing presence nearby, Lumara will be a welcome addition to this North Phoenix location that is poised for further expansion. The high-end finishes and luxury amenities we have planned for Lumara will truly set this community apart in the market.
Fred Cooper, Senior Vice President, Finance and Investor Relations for Toll Brothers, said, We are excited to be partnering on our first transaction with Willton, whom we have known and admired for many years. We are also pleased to close another construction loan with Santander, whose relationship with us stretches across many projects and many U.S. markets, and to welcome Alerus to our lender family.
Chris Luo, Chief Executive Officer of Willton Investment Management, said We are very excited to begin this new partnership with Toll Brothers and grow our investment footprint in Phoenix. Lumara will benefit from best-in-class sponsorship, market-leading design and quality, and convenient access to employment. We are grateful to the entire Toll Brothers team for their diligence, professionalism, and commitment to excellence throughout the development process.
Including Lumara, Toll Brothers Apartment Living has six multifamily community developments completed or under construction in Arizona totaling over 2,150 units.

MONROEVILLE, PA – CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the planned renovation of Cambridge Square Apartments, an affordable housing community just 14 miles east of downtown Pittsburgh. The development consists of eight, two-story residential buildings comprising 204 apartments ranging from one- to three-bedroom layouts. This property is CPP s second investment in Pennsylvania, having acquired Allegheny Commons in downtown Pittsburgh earlier this year.
The community will receive extensive renovations, estimated at $18,827,049 (or $92,289 per unit). CPP s total investment is approximately $47.2 million, which includes a purchase price of $16,600,000.
Built in 1974, and located at 120 Cambridge Square Drive, the development will gain a new community building and see reconstruction of one building consisting of 28 units lost to a fire earlier in the year. The new community building will include space for resident meetings and gatherings, maintenance storage space, and leasing offices. In addition to new construction and new amenities, the property will receive extensive improvements to address deferred maintenance, including updates to accessibility throughout the property, mechanical system replacements, building envelope upgrades, and energy efficiency enhancements that meet National Green Building Standards. Existing amenities include central laundry rooms throughout the residential buildings, a playground, and 329 surface parking spots.
All units will receive interior upgrades with installation of new kitchen countertops, appliances and flooring, as well as bathroom updates including new vanities, fixtures, tub reglazing and new shower surrounds, as needed. New windows and roofs will be installed throughout the property.
With the development of Cambridge Square Apartments, CPP is expanding its footprint in Pennsylvania and doing our part in the revitalization of the greater Pittsburgh area, said Seth Gellis, President of CPP. In addition to a new community building, this project will also be rebuilding all units lost in a recent fire. We are excited to bring new construction and new amenities to the residents.
This project builds on the work that we are already doing downtown at Allegheny Commons and helps to support the community by preserving much needed affordable housing, said Thomas Gibson, Director of Special Projects for CPP. We are thrilled to be moving forward after over two years of planning during a very challenging economic environment.
The project received an allocation of low-income housing tax credits in 2007, when it last received renovations. There are 198 units under the Housing Assistance Payment contract (all units 50% of area median income) and six units that will be reserved for families at 60% or below of area median income. All 204 units will be affordable.
Renovations are expected to be completed in December 2024, with minimal impact to residents. The property will partner with American Healthcare Group in providing supportive services.
Partners on the project include the Pennsylvania Housing Finance Agency (PHFA), who is the bond issuer and awarded 4% low-income housing tax credits; and Key Bank who provided debt financing through the Freddie Mac TEL program.