Greystar Expands Rental Housing Options with Four Dynamic Apartment Communities Nearing Completion Across The Atlanta Metro Area

ATLANTA, GA – 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 it is now leasing 1,378 new residential units in Metro Atlanta.
“Atlanta has been a resilient market over the past decade that continues to drive capital investment and new job creation,” John Roberson, Managing Director of Development, said. “We have quite a bit of activity in Metro Atlanta with four brand new projects in the final stages of development ready to open this year. We are excited to continue developing new housing options that meet the growing demand well into the future”.
Greystar is proud to introduce the following communities:
Elan Sweetwater Creek opened in May 2023, showcasing 360 modern new residences in a garden-style community. Floorplans include one-, two- and three-bedroom layouts.
Elan Brookwood, opened in July 2023, debuting brand new, modern one-three bedroom apartment and townhome residences in Cobb County, GA. The design details and finishes at the property have been curated to balance upscale modern living with the classic comforts of home. Steps from the Silver Comet Trail, residents at Elan Brookwood will have direct access to all of the great amenities Cobb County has to offer.
Bellamy Executive Park, is situated within Emory’s Executive Park campus in Brookhaven. This mid-rise complex offers a variety of floorplans including studio, one-, two-, and three-bedroom options. The community boasts a range of luxurious amenities, such as a work-from-home space designed like a library and a lounge with a speak-easy theme, providing a perfect place to unwind after a busy day. Bellamy is scheduled to open in October.
Nomia, the much-anticipated dawn of Midtown’s next grandiose residence overlooking the Eastern Continental Divide, is coming to 1382 Peachtree Street. The 32-story high-rise will house 281 residences curated with nuanced details for those accustomed to living well. The first phase of residences will be available in the fourth quarter.

TWO Capital and RAM Partners Forge Strategic Partnership to Deliver Over 2,300 Build-to-Rent Homes Across Multiple Southeast Markets

ATLANTA, GA – TWO Capital Partners, a leading real estate investment and development firm, and RAM Partners, an award-winning property management company, have joined forces to revolutionize the Build-to-Rent sector with the launch of a groundbreaking partnership.
Together, they are set to deliver more than a dozen Build-to-Rent single-family communities across the Southeastern United States over the next two years, totaling over 2,300 homes.
“TWO Capital Partners has strategically acquired development sites close to major thoroughfares, providing convenient access to interstates and key employment centers for our Tessa single-family rental communities,” said co-founder and Managing Partner Ralph B. Wilson III. “By partnering with RAM Partners, we offer our residents first-rate, maintenance-free living with resort-level amenities and services. It’s a perfect match for our brand and our residents.”
Tessa Barrow Crossing, the inaugural community, has welcomed its first residents. Located at 116 Dolcetto Drive in Winder, Ga., Tessa Barrow Crossing is a 235-unit townhome community with concierge services, a pet park & dog spa, a sparkling pool, co-working space, a state-of-the-art fitness center and ample greenspace with outdoor gathering places.
Each home features luxury finishes, Latch Smart Home technology, private garages and private outdoor spaces.
RAM Partners is one of the largest residential management companies in the country, managing over 70,000 units across 21 states.
“As longstanding partners with TWO Capital, our collaboration has been instrumental in developing the exceptional amenity set for Tessa communities and establishing a resident-first culture for our guests,” said Brenda Lindner, Executive Vice President and Managing Partner, RAM Partners. “We are thrilled to serve the Build-to-Rent demographic, many of whom are our former apartment renters ready for the next stage of their lives.”
TWO Capital has a proven track record of developing, acquiring, leasing, managing and financing real estate assets exceeding $1 billion across the Southeastern United States.
The firm currently has five Build-To-Rent communities under construction, totaling 947 units across North Carolina, Tennessee, and Georgia, alongside a pipeline of six additional Tessa-branded communities throughout the Southeastern United States.

Mill Creek Residential Announces Construction Underway at 399-Unit Modera Shoreline Apartment Community in Seattle Submarket

SHORELINE, WA – 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 Shoreline, a contemporary apartment community 12 miles north of Downtown Seattle.
The podium-style community, which will feature 399 apartment homes and first broke ground in June, will boast a quiet, comfortable locale less than two miles east of the picturesque Puget Sound. Future residents will be surrounded by Shoreline’s 25 parks and recreational outlets, which include Richmond Beach Park, Boeing Creek Park and the 14-mile Interurban Trail. First move-ins are anticipated for fall 2025.
“We’re excited to join the Shoreline submarket, which is ideal for residents who want to take advantage of the intimate and vibrant suburban feel at a much more reasonable price point than in-town Seattle neighborhoods,” said Steve Yoon, senior managing director of development in Seattle for Mill Creek Residential. “We believe Modera Shoreline will quickly rise to a top-of-market option among new builds in the area due to the quality of finishes in the amenities and its location in a charming residential neighborhood off busy thoroughfares.”
Situated at 17888 Linden Avenue N, Modera Shoreline sits in an emerging Shoreline neighborhood anchored by a Trader Joe’s and a Fred Meyer grocery store, along with the newly built Shorewood High School. Residents will have prime access to key artery Aurora Avenue, but will be far enough removed from the bustling thoroughfare that they won’t experience noise-related disruptions.
The community also sits within one mile of Interstate 5 and within close proximity to several high-speed transit options, including a light rail station that will open in 2024. This will enable residents to quickly connect to the thriving employment sectors contained within Downtown, the Eastside and the greater Seattle area.
Modera Shoreline will offer studio, one- and two-bedroom homes with select den layouts and private patios or balconies. Community amenities will include a two-story club lounge with TouchTunes™ music system, two roof terraces with panoramic views, theater area, expansive co-working space, grilling area, fire pit, landscaped courtyards, game room, pool table, coffee bar, demonstration kitchen, dedicated dog run, and a 24-hour, club-quality fitness center with cardio equipment, individual TVs, personal training and yoga/Pilates studio. Residents will also have access to package lockers, secure overflow package room, controlled-access garage parking, EV charging stations, a bike repair station, bike storage and additional storage space.
Home interiors will feature wood plank-style flooring, stainless-steel appliances, quartz countertops, tile backsplashes, pull-down faucets, moveable kitchen islands, 42-inch custom cabinetry, walk-in closets, built-in shelves and in-home washers and dryers. Bathrooms will be equipped with soaking tubs, backlit mirrors and linen closets. Smart features will include a key fob system, mobile-app entry, controlled guest-access technology, programmable thermostats and bulk WiFi.

Wood Partners Elevates Luxury Living in Dallas Submarket with The Grand Opening of 325-Unit Alta at The Farm Apartment Community

DALLAS, TX – Leading national multifamily real estate developer Wood Partners announced the grand opening of its newest high-end residential community, Alta at The Farm, situated in the Dallas region.
Alta at The Farm is located in the heart of The Farm, a 135-acre mixed-use development in the prominent Dallas suburb of Allen, and adjacent to The HUB, a multifaceted outdoor entertainment and retail venue. Alta at The Farm is also within walking distance of The Farm’s Central District, which includes High 5 Entertainment and Chicken and Pickle, both of which will start construction this month. With FarmWorks One, a 102,000-sqaure-foot Class A office building, also under construction just two blocks away, The Farm will include a dynamic blend of office spaces, retail boutiques, entertainment venues, and residential offerings. Some standout features of The Farm include a sprawling 16-acre greenbelt and expansive open spaces that stretch the entire length of the development, a picturesque 2.5-acre lake and a diverse selection of dining options, multiple inviting pocket parks, and a 2.5-mile network of versatile multi-use trails seamlessly connecting to the broader Allen trail system.
“We’re thrilled to expand our presence in the Dallas/Fort Worth region and extend a warm welcome to residents at Alta at The Farm,” said Ryan Miller, Managing Director at Wood Partners. “With nearby parks, hiking and biking trails, a serene lake, and an array of shopping and dining opportunities, residents at Alta at The Farm will have the privilege of enjoying the ultimate live-work-play lifestyle.”
“From the beginning, we designed The Farm in Allen to be a premier place to live, work, and play. Serving Allen and the surrounding areas, the grand opening of Alta at The Farm officially takes us another step closer to fulfilling that vision,” said Bruce Heller, President of JaRyCo and Developer of The Farm. “It has been a pleasure working with Woods Partners to bring this high quality urban residential project to The Farm.”
Alta at The Farm offers 325 apartment homes offering residents a range of choices among studio, one-bedroom, and two-bedroom floorplan layouts. Each apartment comes equipped with premium finishes, including luxurious kitchens featuring granite countertops, stainless steel appliances, high-end fixtures, and chic tile backsplashes. Furthermore, these homes will include state-of-the-art technology, keyless entry systems, wood plank flooring, and the added convenience of in-home washer and dryer sets.
Throughout the community, residents have access to an impressive array of amenities you won’t find in other Allenapartments in Texas, including a resort-style pool with tanning ledges, a second courtyard with grilling areas and fire pits, a community clubhouse featuring a state-of-the-art fitness facility, private fitness micro-studios, and a Sky Lounge deck overlooking West Lake Park and The HUB. Additionally, residents also have access to remote working areas, social gathering spaces, and enhanced Wi-Fi throughout the common areas.

Gardner Capital to Provide High Quality Affordable Housing Options for Seniors with Development of Bethel Village in Harrisburg

HARRISBURG, PA – Gardner Capital, a Dallas based private equity firm and alternative investment platform specializing in multifamily housing and renewable energy development and investment, announced its new senior housing development in Harrisburg, Pennsylvania, Bethel Village.
Construction for Bethel Village began in August and is expected to be completed in 2024. Bethel Village represents the first new affordable housing development for Gardner Capital in the state of Pennsylvania, a key long term strategic market for the Company.
Located in the central business district of Harrisburg, Bethel Village will bring 49 units of high quality affordable housing for Seniors in the Harrisburg area. Gardner Capital expects to secure additional funding to support EV charging stations and provide free EV charging for future tenants through the GCRE Upward Mobility Fund. Just two blocks from the state capital complex, the area has already seen signs of new investment, including the $192-million-dollar Federal Courthouse on 6th Street. The complex will consist of one, energy-efficient, four-story building featuring one and two-bedroom units.
“We couldn’t be more excited to begin construction on Bethel Village Apartments, our first Development in Pennsylvania – with another development closing this year in Philadelphia,” said Amy Dosen, Managing Partner, Gardner Capital, adding “we have been dedicated to the Pennsylvania market for quite a few years, and it is only through our truly amazing local partners that we have been able to close our first of many future developments in a state that represents one of our core long term strategic markets.”
When completed, Bethel Village Apartments will be the latest addition to Gardner Capital’s growing affordable housing portfolio of more than 4,500 units – a part of Gardner Capital’s national multifamily portfolio within Gardner Capital’s Portfolio Management Group which oversees Gardner Capital’s long-term development and investment assets.

Mill Creek Breaks Ground on 353-Unit Second Phase of Modera Coral Springs Apartment Community in Emerging South Florida Locale

CORAL SPRINGS, FL – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Coral Springs Phase II, a contemporary mixed-use apartment community in the heart of Coral Springs.
The community, which will feature 353 homes and 32,280 square feet of retail space, joins the 351-home original phase that began welcoming its first residents in July. The communities are the key residential component of the Cornerstone at Downtown Coral Springs development, which is adding a variety of new living, dining, retail and entertainment options to the city’s busiest corner. Coral Springs Phase I and II will be built to, and are pursuing, an NGBS Silver Certification. First move-ins at Phase II are anticipated for fall 2025.
“When Phase II is complete, local renters will have access to more than 700 apartment homes and approximately 40,000 square feet of retail space,” said Andrea Rowe, senior managing director of development in South Florida for Mill Creek Residential. “We believe these offerings will add tremendous value to the epicenter of the city, and we’re thrilled to be part of the epic Cornerstone at Downtown Coral Springs development. With Phase II, we are not aiming to duplicate the original phase, but to offer a distinct set of amenities and a unique-but-similarly-refined living experience.”
Situated at 3310 University Drive, the second phase of Modera Coral Springs is positioned directly east of Coral Springs’new City Hall building, just north of the recently completed Downtown ArtWalk and within a short drive of the Sawgrass Expressway, which links to Florida’s Turnpike and provides connectivity to the greater South Florida area. Firmly amidst the area’s most prominent entertainment and employment centers, the community also offers near-direct access to The Walk of Coral Springs, Promenade at Coconut Creek, Tradewinds Park and many additional attractions.
The additional phase will offer one-, two-, and three-bedroom homes with select den layouts and an average size of 1,021 square feet. A distinct set of community amenities at Phase II will include three elevated courtyards with manicured landscaping, a resort-style swimming pool in one of the courtyards, an elegant multipurpose clubhouse overlooking the pool deck, outdoor barbecue stations, museum-inspired lobby and mailroom, coworking spaces and a club-quality fitness facility.
Home interiors will be similar to those of the original phase, including nine-foot ceilings, wood plank-style flooring, stainless steel appliances, quartz countertops, tile backsplashes, programmable thermostats, central heating and air, walk-in closets, in-home washers and dryers and private patios or balconies. Bathrooms will include tile shower surrounds, soaking tubs, double vanities and linen closets.

Capital Square and ITOCHU Partnership Acquire 100-Unit Creekside Terrace Build-for-Rent Community in San Antonio Submarket

SAN ANTONIO, TX – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the formation of a joint venture partnership with ITOCHU Corporation to acquire Creekside Terrace, a 100-unit build-for-rent (BFR) single-family community currently being developed by Pulte Homes, the third largest home builder in the country.
ITOCHU Corporation is one of the largest Japanese sogo shoshaa, or general trading and investment companies, founded in Japan in 1858. According to the 2023 Fortune Global 500 list, ITOCHU is the 96th largest company in the world, with annual revenue in excess of $103 billion.1
“Capital Square is thrilled to partner with one of the largest corporations in the world to acquire Creekside Terrace, a build-for-rent community near San Antonio, Texas,” said Louis Rogers, founder and co-chief executive officer of Capital Square.
Creekside Terrace is a 100-unit purpose-built single-family BFR rental community, located just minutes from Interstate 35. Part of an exceptional master-planned development of new homes, the community features a pool, pavilion and park with convenient access to nearby shopping and dining. These three- and four-bedroom, open-concept homes offer upscale interiors and contemporary amenities for growing families in the burgeoning New Braunfels, San Antonio area. The community will provide a high-quality rental housing option to the almost 19,000 new residents who moved to San Antonio last year.
“Capital Square continues to invest in the acquisition and development of build-for-rent communities throughout Texas and the Sunbelt,” said Dave Platter, managing director and co‑head of private equity at Capital Square. “As a firm, we continue to source opportunities in the I-35 corridor between Austin and San Antonio. We believe Creekside Terrace will present a welcoming community for young families looking for the benefits of single-family living without the high costs and headaches associated with homeownership today.”
Build-for-rent communities, comprised of single-family homes purpose-built for renting, have become an increasingly popular asset class among institutions and individual investors. Demand for this rental option is growing exponentially among residents who seek a single-family lifestyle, the financial and leasing flexibility of a rental with the amenities and convenience of a professionally managed property.
The U.S. has chronically underbuilt housing since the Great Financial Crisis and requires an additional 4.3 million housing units by 2035 to meet the demand for rental housing, according to the National Multifamily Housing Council. Demand for build-for-rent homes continues to increase with professionally managed communities offering one of the best solutions for the shortage of quality, affordable housing. Institutionally owned and operated build-for-rent communities represent less than 5% of the overall U.S. housing stock, paving the way for long-term, sustainable growth for the asset class.
“We are pleased to partner with Capital Square on Creekside Terrace and look forward to working with Capital Square on future acquisitions,” said Hideyuki Matsukawa, senior vice president and general manager of general product and realty division at ITOCHU International Inc.

Vista Residential and Batson-Cook Complete Disposition of 300-Unit Sweetwater Vista Apartment Community in Atlanta Submarket

DOUGLASVILLE, GA – Vista Residential Partners and Batson-Cook Development Company have completed the sale of a 300-unit garden apartment community known as Sweetwater Vista Apartments.
Sweetwater Vista Apartments was the first new multifamily development delivered to Douglas County in over a decade. Spacious floor plans, top-of-the-line amenities, and a bucolic atmosphere bordering the 2,500-acre Sweetwater Creek State Park were among the numerous reasons why the community stood out from its competitors.
In addition, residents can enjoy a large clubhouse, resort style pool, spacious dog park, and open green spaces throughout the property. This community was a part of Vista’s corporate commitment to provide high-quality housing with attainable rents to a burgeoning submarket. Located on Riverside Parkway, Sweetwater Vista provides convenient access to both I-20 and the I-285 corridor, along with being 15 miles from Hartsfield-Jackson International Airport and 12 miles from Midtown Atlanta.
“Sweetwater Vista proved to be another example of Vista’s strong ability to identify underserved housing markets,” said Michael Neyhart, Chief Investment Officer of Vista. “The demand proved to be even stronger than we had forecasted, and the submarket continues to see robust investment activity in both commercial and residential developments.”
Synovus Bank provided construction financing for the project. A joint venture among BCDC and Blue Vista Asset Management LLC., Eduardo de Guardiola’s Family Office, (principal and founder of Vista), provided the equity.
“BCDC aims to partner with the best development teams in the country, and that was the case with Vista Residential Partners, who had the vision and delivered an outstanding community,” said Litt Glover, President and CEO, BCDC. “Sweetwater Vista’s performance, combined with its exceptional amenities and prime location, created an ideal opportunity for investors seeking to expand their portfolio. We congratulate the new Owner on its acquisition.”

Civitas Capital Group and The Shelter Companies Top Out UNITi Montrose Multifamily Development in Desirable Houston Submarket

HOUSTON, TX – The trendsetting coliving multifamily project UNITi Montrose is topped out in Houston’s Montrose district. The nine-story building developed by Civitas Capital Group’s residential development subsidiary The Shelter Companies will soon provide attainable rental housing in one of the most desirable submarkets of Houston. Constructed by general contractor Arch-Con Corporation, UNITi Montrose will be one of the first coliving developments in Houston, offering 161 private rooms within 48 shared suites. This is in addition to 190 traditional studio, one-, and two-bedroom units.
“Our team has spent more than five years researching and learning about coliving communities across the globe,” says Jorge Adler, Civitas’ Vice President, Investments. “For coliving concepts to work in the United States, and in Texas specifically, it is essential to find unique locations that are easily accessible by public transportation, within walking distance to a plethora of amenities, and within a short commute to major employment centers.”
Located at 701 Richmond Ave., UNITi Montrose is within two miles of the largest medical center in the world, downtown Houston, Rice University, the University of St. Thomas and three miles from the University of Houston.
The Shelter Companies is specifically focused on developing attainable forms of housing. They tapped Common, a leading operator of coliving communities in North America, to be the property manager for UNITi Montrose. Based in New York City, Common currently operates more than 5,000 units in 11 major cities. The average age of a Common renter is 29 and 50% are new to the city in which they live.
“Common was formed around the idea of coliving and has perfected every aspect of operating these types of properties,” Adler said. “From the way they market the buildings, to their leasing process, to how they curate community, there is no one better.”
UNITi Montrose will be fully furnished with amenities including routine cleaning services, basic household supplies, in-unit laundry, resident events at the property and larger events at the city level. Common will begin preleasing in the second quarter of 2024 and UNITi Montrose is on track to open in the summer of 2024.
UNITi Montrose has 155,901 square feet of multifamily living on a 1.09-acre site. Six floors of multifamily sit on top of a 104,533-square-foot, three-level cast-in-place parking garage. Designed by Meeks Partners, the development includes 10,708 square feet of amenities, balconies, a fourth-floor pool and courtyard, a ninth-floor lounge and roof-top deck with views of downtown, and 3,822 square feet of retail space on the ground floor.

GID Completes Acquisition of 315-Unit ARIUM Vinings Station Apartment Community in Highly Coveted Vinings Submarket of Atlanta

ATLANTA, GA – GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of ARIUM Vinings Station, a 315-unit community located in Atlanta, GA, which will be rebranded as Windsor Vinings.
Located in the highly coveted Vinings submarket of Atlanta, the community offers direct access to I-285 and Atlanta Road, offering residents a quick commute to Atlanta’s largest employment nodes, including Cumberland/Vinings, Perimeter Center, Buckhead, Midtown/West Midtown, Downtown and Hartsfield International Airport.
The garden-style community also offers a dog park, pool, fitness center, grilling areas, clubhouse, tennis court, and a business center.
GID plans to renovate all classic and partially renovated residences (~60%) with modern finishes, along with updates to the fitness center, pool area, tennis court, dog park, and leasing center, delivering a resident experience that goes beyond the ordinary.
“We look forward to growing our portfolio in the Vinings submarket of Atlanta,” says Greg Bates, CEO, GID. “This property fits with our strategy of acquiring well-located garden-style communities with 9-foot ceilings in supply-constrained, high-growth submarkets.”
GID is a leading real estate investment and management firm that operates a diverse portfolio of multifamily, industrial, and mixed-use developments across the United States. With over 60 years of experience across multiple asset classes, GID is an established real estate private equity investor and fiduciary supported by an integrated operating platform with approximately 54,000 multifamily units and over 25M square feet of industrial and commercial space of assets under management.