AUSTIN, TX – CIM Group announced the sale of District at SoCo, a 215-unit apartment community with 328-space parking garage in Austin, Texas, which it acquired in 2013. Built in 2012, District at SoCo is located in the heart of the popular South Congress district.
The contemporary apartment community offers studio, one- and two-bedroom floor plans providing a stylish living environment with modern kitchens and bathrooms, in-unit washer and dryer, and outdoor patios and balconies.
District at SoCo is designed with four-story buildings around two outdoor community gathering areas. Outdoor amenities include a courtyard with games and a firepit, an outdoor kitchen, grilling stations and picnic areas, a resort-style swimming pool, and a dog park. Residents also have access to a Club Room, a full-service business center, and a 24-hour fitness facility.
The apartment community provides residents easy access to Austin s active business hubs, parks and recreation options, and educational institutions in addition to the vibrant entertainment found in the South of Congress neighborhood known for its wealth of live music venues, shops, and dining.
CIM Group is an active owner, operator, and developer in Austin, bringing quality real estate uses to enhance the area as it does in other communities across North America. CIM Group s Austin portfolio includes Onyx183, a 390-unit multifamily community located in Northwest Austin, as well as several office properties including the Penn Field Office Campus, Eastside Village, 1300 East 5th St., 507 Calles, and 1021 E. 7th Street. CIM Group also was a co-developer of the Seaholm Power Plant mixed-use redevelopment as well as The Independent luxury condominium tower.
For 30 years, CIM Group has applied its community-focused investing approach by utilizing its broad expertise in owning, developing, repositioning, and operating real estate assets to enhance communities throughout North America.

CHELMSFORD, MA – Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, announced construction has commenced on its latest Alexan community, a 340-unit, luxury multifamily residence in Chelmsford, Massachusetts. TCR will serve as both the developer and general contractor on the project, and construction completion is anticipated for Q4 2025.
Located at 255 Princeton Street, Alexan Chelmsford will redevelop the former UMass Lowell West Campus into a tranquil, 32-acre residential community. Studio, one-bedroom, two-bedroom, and three-bedroom units equipped with stainless-steel appliances, wood-style plank flooring, in-unit washers and dryers, and spacious walk-in closets will be situated within four-story, elevator-serviced buildings. The development will also offer three-bedroom townhome units with premium unit finishes and integrated garages.
First-class amenities will include a resort-style pool, outdoor courtyards, grilling stations, a state-of-the-art fitness facility, a craft room, and a resident clubhouse complete with a gourmet kitchen and gaming room. Alexan Chelmsford s charming New England setting will be enhanced by the 6.75-acre, deed-restricted wetland area at the entrance to the community. The site s location will allow future residents to easily access Greater Boston s largest employment centers including the Route 3 Tech Corridor, the Route 128 Corridor, the I-93 North Corridor, and downtown Boston.
We are incredibly excited to break ground on Alexan Chelmsford. This community will provide future residents with an unmatched residential experience within a country setting and will be an attractive option for residents in the area. This development is a continuation of our company s efforts to meet Greater Boston s housing demand, said Andy Huntoon, Managing Director, Northeast Division of Trammell Crow Residential. We appreciate the team effort, support, and partnership of our financial stakeholders, municipality representatives, and community members who have helped bring this project to the area.
Last year, TCR announced the groundbreaking of Alexan Waltham, a 210-unit luxury multifamily community in Waltham, Massachusetts, slated to be completed in Summer 2025, and the groundbreaking of Alexan Peabody in Peabody, Massachusetts, anticipated to be complete in Q4 2025. With the addition of Alexan Chelmsford, TCR s Northeast apartment portfolio has nearly 2,000 apartment units in various stages of development.

NASHVILLE, TN – Southwest Value Partners and StreetLights Residential, development partners of two multi-family residential towers under construction at Nashville Yards, announced that leasing will begin this summer. Named The Everett and The Emory, the 34- and 35-story towers are expected to open in November 2024 and will together offer more than 650 residences for rent in the heart of Nashville Yards in downtown Nashville.
The Everett and The Emory are at the center of Nashville s finest amenities – a safe, healthy, walkable, 19-acre master planned community with abundant green and open space, and steps away from world class dining, retail, health and entertainment offerings, said Cary Mack, Managing Partner of Southwest Value Partners. These towers are also a short walk to work for the many thousands of great jobs offered by our tenants Amazon, CAA, AEG Presents, Pinnacle, Bass Berry & Sims, PricewaterhouseCoopers and others. Nashville Yards is going to be an exceptional place to live, and we can t wait to welcome our first residents.
Rising above the city skyline, the buildings, which recently “topped out” and entered the final phase of construction, will offer diverse living spaces and private, on-site parking. The spacious residences are marked by thoughtful design, spectacular downtown views, and a variety of high-end amenities, including custom kitchen cabinetry, top-of-the-line kitchen appliances, dine-in islands, spa-grade bathrooms, customizable closets, SONOS sound systems, and wine refrigerators.
The two residential buildings will also offer a variety of luxury features, including a shared third floor amenity deck with a pool, fitness center, game room, resident bar, co-working space, and golf simulator. The Everett s 33rd floor and The Emory s 34th floor will offer their own Sky Lounge complete with a rooftop dog park, additional coworking space and catering kitchen for events. Click here to sign up to receive information about residential leasing opportunities at Nashville Yards.
Southwest Value Partners has created a dynamic destination through their vision of Nashville Yards, said StreetLights Senior Vice President of Development Rob Bratton. We believe residents will be attracted to the thoughtful sense of place as well as the exceptional residential experience we have crafted together. As a design-driven company, our desire is to build communities that enrich the lives of residents and neighborhoods, and our partnership with Southwest Value Partners will help bring this vision to life.
Beyond the best-in-class residential and building amenities, residents of The Everett and The Emory will be able to take advantage of the thriving community at Nashville Yards. Nearby food and beverage options include the forthcoming Ocean Primeand Fogo de Ch&atilde restaurants along with Crisp & Green, a health-conscious fast-casual option, and The Urban Juicer, both already open in the base of Amazon Tower 1. The Pinnacle, a state-of-the-art, 4,500-capacity music theater operated by AEG Presents, and Elevate Entertainment Group s EVO Cinemas, a luxury dine-in cinema and experiential entertainment venue, are both steps away and expected to open in early 2025. Additional dining and retail options will be announced in the coming months.
Residents will also be able to enjoy the more than seven acres of open plazas, courtyards, and green spaces planned at Nashville Yards, including the Ascension Saint Thomas Landing. Nearby wellness offerings include Orange Theory, which is located next to Crisp & Green in the base of Amazon Tower 1, and Iconix Fitness, a high-end wellness and recovery focused fitness club slated to open at Nashville Yards in summer 2025. Residents and tenants of Nashville Yards will receive priority placement at The Goddard School, which is expected to open in Spring 2025 and enroll approximately 250 children.
StreetLights Creative Studio is the architect of record for the project and is handling all interior design in-house. Clark Construction is the general contractor.

HOUSTON, TX – Venterra Realty broke ground on a new multifamily community, Camber Ridge at Cross Creek Ranch, in Fulshear, Texas. When fully built out, the property will contain a 312-unit Class A apartment community that is part of Johnson Development Corp’s Cross Creek Ranch, a highly successful master-planned community.
Camber Ridge will provide residents with market-leading amenities including a community clubroom, resort-style pool, outdoor lounge, fitness center, package lockers, coworking spaces, Sanctuary buildings focused on providing like-minded residents with a peaceful living experience, and more. The first units are expected to be delivered beginning of Q2 2025.
Approximately 30 miles west of downtown Houston, Fulshear is in Fort Bend County and is known as a beautiful and relaxed neighborhood along the banks of the Brazos River. Fulshear is served by highly rated schools in the Katy Independent School District and the Lamar Consolidated School District and offers access to nearby dining, shopping, and entertainment.
The site is conveniently located on Texas Heritage Parkway connected to FM 1093 near SH 99/Grand Parkway, providing quick and easy access to the Katy, Sugar Land, and Richmond/Rosenberg areas. In addition, Houston’s major employment centers, including Westchase/Beltway 8, Uptown/Galleria, and Downtown Houston, are all within a 45-minute drive.
“Fulshear is an exceptional investment opportunity due to its strategic location, flourishing economy, and strong prospective renter base”, stated John Foresi, CEO of Venterra Realty. “As a Houston-based company, we are thrilled to expand our footprint into the rapidly growing area of Fulshear and develop an exceptional community that caters to the needs and desires of residents. With its easy access to major transportation hubs, thriving economy, and attractive living environment, Fulshear is the perfect market for Venterra Realty to present a community that offers an abundance of attractive amenities and innovative technologies.”
“Our newest development will welcome residents to a community that is well-appointed, convenient to nearby attractions and to major employment corridors in Katy and west Houston,” added Venterra Chairman Andrew Stewart. “This development is an exceptional addition to our portfolio, as we bring our innovation and high quality of construction to the Cross Creek Ranch community. We are confident this new development will create an unsurpassed living experience for our residents.”
From site selection to completion, Venterra has enlisted industry-leading partners to ensure a first-class level of execution. Finalizing the site acquisition, Venterra worked with Marc Kasner from Wilson Cribbs + Goren, who represented Venterra on the transaction and Greg Pettigrew from Fifth Third Bank for construction financing. The architect for the development is Steinberg Dickey Collaborative. In addition, Domain Builders was chosen as the general contractor.
Venterra Realty completed another development, Highpark Apartments in November 2022 in Cypress, TX. The 336-unit community features an upscale living experience with convenient access to SH 99/Grand Parkway. Highpark offers a resort-style pool and outdoor lounge, two dog parks, a fitness center, covered parking spaces, and an 8,600-square-foot clubhouse with workspaces and conference rooms.
Venterra Realty currently owns and operates over twenty communities in the Greater Houston area.

WEST LAFAYETTE, IN – Muinzer, a fully-integrated real estate investment firm specializing in student housing, announced the sale of the Salisbury Portfolio near Purdue University in West Lafayette, IN.
The five-property portfolio consists of 290 student housing beds that are 100% leased for the August 2023 school year and 100% pre-leased for the August 2024 school year. Scott Clifton of JLL spearheaded the institutional sales process that generated significant interest and resulted in multiple offers for the portfolio.
Muinzer acquired the Salisbury Portfolio via an off-market transaction in 2017.
“I have been a net buyer of student housing near my alma mater, Purdue University, for well over 20 years and 2024 will be no different. That said, this was a great opportunity for us to sell a small holding while generating exceptional returns for our investors,” said Marc Muinzer, Founder and CEO of his namesake firm.
Muinzer began investing in student housing in 2002 and is one of the largest owners in the Big Ten and SEC Conferences. “Student housing fundamentals are the strongest we have seen in the last 20 years. In 2024 and 2025 we plan to expand our team and acquire an additional $1 billion of student housing assets near high-growth universities in the largest conferences,” added Michael Snyder, COO of Muinzer.
“In 2024 we will continue our nationwide expansion by concentrating our investments near the largest and fastest growing universities. I’m incredibly proud of the entire Muinzer team,” added Mr. Muinzer.

DENVER, CO – Hamilton Zanze, a San Francisco-based real estate investment firm that owns and operates multifamily communities nationwide, announced that it has sold Belle Creek Apartments, a 156-unit apartment community in Henderson, Colo., in metro Denver. The firm acquired the property in April 2016 and instituted a comprehensive capital improvement program.
Hamilton Zanze’s successful renovation efforts included upgrades to the apartment homes and building exteriors, and the installation of a new resident clubhouse. The improvements focused upon enhancing the resident experience and enabling the community to operate more efficiently.
“We could not be more pleased with our ownership and disposition of Belle Creek Apartments,” said Anthony Ly, Senior Director of Transactions at Hamilton Zanze. “As a result of our improvements and our focus on providing a best-in-class living experience for our residents, Belle Creek was a high-performing asset that provided investor returns that exceeded our initial expectations. In short, this community is a great example of how Hamilton Zanze creates value for both our renters and our investors. Additionally, we’re very proud to have worked efficiently with all of the parties involved to complete the sale during a difficult time to transact.”
Situated at 10754 Belle Creek Boulevard approximately 15 miles northeast of Downtown Denver, Belle Creek Apartments was built in 2002 and features one-, two- and three-bedroom units, with homes ranging from 545 square feet to 1,010 square feet. The three-building, garden-style property includes six retail spaces totaling 6,256 square feet.
Apartment features include central heating and air conditioning, washers and dryers, large closets and dishwashers. Select homes feature wood-style flooring, stainless-steel appliances and private patios or balconies. The community also offers furnished homes. Community amenities include Amazon package lockers, the new resident clubhouse, barbecue/picnic area, playground, surface lot parking, on-site dog park and 24-hour emergency maintenance.
Belle Creek is located just across the street from Town Square Park and offers convenient access to numerous restaurants, shopping and entertainment options. The community is also near several business parks and many of the area’s major employers, including CAST Transportation and Asse International. Acclaimed schools such as Belle Creek Charter School, Riverdale High School and Prairie View High School are nearby.

PHOENIX, AZ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Amavi Aster Ridge, a single-family build-to-rent community that closely borders the thriving Anthem neighborhood of North Phoenix. Amavi Aster Ridge offers a mix of 177 two- and three-bedroom townhomes and represents Mill Creek’s first single-family build-to-rent community within the Phoenix area. First move-ins are anticipated for March.
“As the North Phoenix/Anthem area emerges as a key employment hub, demand for quality housing continues to rise,” said Sam Griffin, vice president of land acquisition for Mill Creek’s Southwest Region. “Amavi Aster Ridge represents the lone professionally managed townhome community in the immediate area, and we look forward to welcoming our first residents to their new homes. With attached garages and private backyards, Amavi Aster Ridge represents a traditional townhome product and is positioned to offer a genuinely comfortable living experience.”
Located at 4285 W. Denali Lane, Amavi Aster Ridge is a gated community that sits adjacent to Anthem, an award-winning master-planned community notable for its high-desert backdrop, excellent school district and vast contingent of retail, dining and recreational outlets. The community also is positioned within 15 minutes of the Taiwan Semiconductor campus, a $40 billion facility that will anchor the growing employment sector in the Anthem/Deer Valley area. Interstate 17 and Anthem Way are easily accessible from the community, along with several parks, lakes and nature preserves.
Each home at Amavi Aster Ridge features attached front-loaded garages and fenced private backyards. The community’s two-bedroom townhomes range from approximately 1,300 to 1,450 square feet while the 25 three-bedroom homes measure approximately 1,500 square feet.
Community amenities consist of a clubhouse/leasing office, resort-style swimming pool, onsite park with playground, fitness studio and open green spaces. The community also features modern streetscapes and aesthetically manicured common areas. Home interiors include stainless steel appliances, wood plank-style flooring, nine-foot ceilings, granite countertops, tile backsplashes, smart thermostats, controlled guest-access technology, ceiling fans and in-home washers and dryers.

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.