MANCHESTER, NH – Jones Street Investment Partners, a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., hosted a ribbon cutting ceremony at 75 Canal, its new 250-unit Class-A multifamily community located in the heart of downtown Manchester, NH. The celebration included comments from Jones Street CEO Matt Frazier and Mayor Jay Ruais, in addition to representatives from the Greater Manchester Chamber and Jodie Nazaka, Director of the Manchester Economic Development Office.
75 Canal, which broke ground in late 2022, brings much needed high-quality housing to the Manchester area and features a mix of studio, one-, two-, and three-bedroom apartments as well as approximately 2,000 square feet of retail space along Canal Street. The highly amenitized community features a lobby-level fireside lounge, rooftop terrace, work pods, a social lounge and TV parlor, game room, fitness center, two outdoor courtyards, a pet spa and a 207-car parking garage inclusive of dedicated motorcycle parking and EV charging stations. The apartments boast in-home laundry, high-end finishes, and oversized windows; select units feature 12-foot ceilings, kitchen islands with grand pendant lighting, and skyline views.
We are glad to gather with our friends, colleagues and collaborators to celebrate the opening of 75 Canal, a marquee project for our organization that brings much needed housing to a severely supply constrained market, said Matt Frazier, founder and CEO of Jones Street. The successful completion of 75 Canal not only advances our investment strategy, but it also demonstrates our development capabilities, which are a core part of our growth plans. We look forward to delivering an exceptional living experience to our residents and operating as a responsible partner to the Manchester community.
In addition to its diverse range of rental units, 75 Canal also features approximately 2,000 square feet of ground floor retail. The community is highly walkable to a variety of retail, restaurant, and entertainment options in downtown Manchester. It is also ideally situated within walking distance to the University of New Hampshire and South New Hampshire University as well as several of the city s largest office buildings, including those of Oracle, TD Bank, United Health Care, Bank of America, and New York Life. 75 Canal also offers easy access to Boston and Concord via I-293 and I-93.
Manchester, NH is the largest economic center in northern New England, boasts a rental market defined by exceptionally high occupancy and strong rental growth rates, and was named the 9th Best Metro Area in the country by the Wall Street Journal due to a combination of low unemployment rates and high affordability and economic growth.

AUSTIN, TX -The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with the Housing Authority of the City of Austin (HACA), announced the opening of Bridge at Estancia, a 318-unit affordable housing community in Austin, Texas. The development provides quality, amenity-rich housing for residents earning up to 60 percent of the Area Median Income (AMI).
Bridge at Estancia is a pivotal project in our ongoing effort to provide affordable housing to Austin s residents, said Nick Walsh, Vice President of Development at The NRP Group. As Austin s growing jobs market and vibrant culture continue to drive demand for housing, we re excited to partner with the Housing Authority of the City of Austin to contribute to this master-planned community. This development not only addresses the growing need for affordable housing in Travis County, but it also supports the local economy through further job creation and access to essential services.
Located at 1100 Avenida Mercado Street, near the intersection of Interstate 35 and State Highway 45, Bridge at Estancia offers easy access to downtown Austin and is part of the Estancia Hill Country master plan, a 600-acre mixed-use development. The community sits adjacent to the planned Texas Children s Hospital, as well as future commercial and retail spaces, and additional housing developments.
This development is a major milestone in ensuring Austin remains an inclusive city where everyone has access to affordable housing, said Michael Gerber, President and CEO of HACA. The location offers easy access to downtown Austin, and it s part of a master-planned community that will serve as a foundation for families to thrive. Developments like this are critical to keeping Austin affordable for those who live and work here.
Designed by HEDK Architects, Bridge at Estancia features a mix of one- to four-bedroom units, catering to both individuals and growing families. Apartments include private patios or balconies, high ceilings, vinyl plank flooring, and fully equipped kitchens with quartz countertops and recessed lighting.
In partnership with the nonprofit Community Housing Resource Partners, Bridge at Estancia has a dedicated activity room to host resident services such as health screenings, after-school programming, financial literacy training, a first-time homebuyer program, English as a Second Languages courses and more. Best-in-class amenities include a swimming pool, fitness center, multiple playgrounds, and walking trails integrated into the wider Estancia Hill Country trail network.
The 15-acre site features two four-story buildings, two three-story walk-ups, and a two-level parking garage. Residents will enjoy outdoor spaces such as an open courtyard, barbecue grills, and an outdoor pool with a sundeck. Additionally, a large coworking space filled with natural light offers computers, desks, and comfortable reading nooks ideal for remote workers and students.
This fully affordable housing community was made possible by a $20 million housing tax credit investment from Hudson Housing Capital, along with construction and permanent financing provided by Bellwether Enterprises and Deutsche Bank.
The NRP Group was recently ranked among the top three multifamily developers by the Austin Business Journal, with more than 7,500 apartment homes across 25 developments in the Austin area. Earlier this year, NRP delivered The Markson, a 330-unit mixed-income community, with several hundred more units currently in development.

FREDERICKSBURG, VA – Watercrest Senior Living Group and partners, Harbert Seniors Housing Fund II, LP and Centric Development announced the development of Watercrest Fredericksburg Assisted Living and Memory Care in Fredericksburg, Virginia. The 142-unit luxury senior living community, financed by Carter Bank & Trust and under construction by Centric Development, is scheduled to welcome residents in late Spring 2025.
Watercrest Fredericksburg will offer 106 assisted living and 36 memory care apartments with resort-style service and world-class care. The architecture and design will boast a stunning promenade, fireplace lounge, multiple dining options, theater, library, billiards, spacious courtyards with fountains and Watercrest’s premier Spa W.
“We are thrilled to announce our further Southeastern expansion with a second Watercrest community in the state of Virginia,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group. “This partnership provides an opportunity to honor a greater number of seniors by establishing an exceptional Watercrest product in the esteemed community of Fredericksburg.”
Watercrest principals, Marc Vorkapich, CEO and Joan Williams, CFO, are setting exceptional standards of quality for seniors and their families in the development of upscale senior living communities from South Florida to Virginia. Watercrest and Harbert Seniors Housing Fund II also developed Watercrest Richmond Assisted Living and Memory Care which opened in May 2023 in Richmond, Virginia.
Construction is currently underway at Watercrest Fredericksburg, conveniently located at 4525 Spotsylvania Parkway. Fredericksburg is ideally situated between Richmond, Virginia and Washington D.C., boasting historical sites, hiking trails, art galleries, specialty retail shops and charming chef-owned restaurants and craft breweries.

ST PETERSBURG, FL – Olympus Property announced the acquisition of 930 Central Flats, a 218-unit luxury apartment community located in the heart of Downtown St. Petersburg, FL. Completed in 2019, this six-story mid-rise community exemplifies premium urban living and represents a significant addition to Olympus Property’s portfolio.
With a strong track record of success in the multifamily real estate sector, Olympus Property continues to expand its portfolio with the acquisition of 930 Central Flats, further building its presence in key growth markets. This acquisition marks Olympus’ second in the Tampa Bay area, bringing its Florida portfolio to over 5,500 units across owned and managed properties. Established in 1992, Olympus Property has grown to own and manage approximately 34,000 units across 16 states, driven by a hands-on approach and a commitment to delivering exceptional living experiences. Leveraging its extensive experience and operational expertise, Olympus is well-positioned to ensure strong performance at 930 Central Flats, while consistently providing value to both residents and investors.
Situated in the sought-after Central Avenue entertainment corridor, 930 Central Flats offers residents a prime live-work-play environment. Its walkability and proximity to major employment centers, entertainment venues, and retail options make it a highly coveted address in the Southeastern United States.
“The acquisition of 930 Central Flats is a significant milestone in expanding Olympus Property’s presence in one of Florida’s most dynamic urban markets,” said Chase Bennett, Chief Acquisitions Officer at Olympus Property. “The property’s unmatched location and upscale amenities align seamlessly with our long-term investment approach. Its proximity to Olympus Harbour Island, another key asset in our portfolio, further strengthens our presence in the Tampa Bay area. We are excited to add 930 Central Flats to our portfolio and continue delivering the exceptional living experiences our residents have come to expect.”
930 Central Flats is ideally located adjacent to the highly anticipated $6.5 billion Gas Plant District redevelopment, a transformative project expected to create 5,500 jobs and contribute $1.4 billion annually to the local economy. With easy access to major highways, including I-375, I-275, and I-175, the property offers a convenient commute to key employment centers throughout the Tampa Bay area, connecting residents to over 390,000 jobs within a 25-minute drive. Boasting a 97 Walk Score, the property offers a pedestrian-friendly lifestyle with direct access to Central Avenue’s retail and entertainment options, including over 580 restaurants, bars, and shops.

FORT COLLINS, CO – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for The Quarry, a Class A multifamily community near the main campus of Colorado State University. The first residents began moving into the 319-unit Class A multifamily community in April and Thompson Thrift expects construction to be completed during the first quarter of 2025.
“The Quarry provides an appealing rental option for residents desiring the style, luxury and convenience that Thompson Thrift communities are known for,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “Our team is excited to deliver an excellent experience in an environment our residents will be proud to call home.”
The Quarry is located at the southeast corner of Shields Street and Hobbit Street. The 20-acre community offers a mix of one-, two- and three-bedroom apartment homes in three- and four-story buildings, as well as 10 single-family villa structures and detached garages. In addition to its proximity to Colorado State, residents have easy access to Fort Collins’ vibrant and growing downtown district known as “Old Town Fort Collins,” as well as the city’s 36,000 acres of natural land for walking, hiking, and biking.
At the ribbon cutting, visitors were able to view models showcasing high-end interior features such as gourmet bar kitchens with quartz countertops and designer backsplashes, walk-in closets and full-size washers and dryers, as well as private outdoor spaces with fenced-in yards that are available with some homes. Additionally, they were able to preview the community amenities, including a professionally decorated clubhouse, 24-hour fitness center, resort-style swimming pool with cabanas, community garden, and fitness trail.
In support of Thompson Thrift’s commitment to community outreach, they presented a check to local non-profit Homeward Alliance. Homeward Alliance envisions a community in which homelessness is rare, short-lived and non-recurring. They bring together multiple agencies and provide a one-stop shop for their clients with a continuum of programs and initiatives for families, adults, and seniors, such as basic needs, housing-focused case management and employment services.
Thompson Thrift is a full-service real estate development company focused on multifamily, ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. For nearly 40 years, Thompson Thrift has invested more than $6 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.

ORLANDO, FL – Avanti Residential, a nationwide multifamily investor and operator, and partner Centennial State Capital, announced the acquisition of The Avery, a premier apartment community located in Orlando, Florida. The transaction closed on October 24, 2024, for a total price of $50,500,000.
The Avery, a 200-unit community completed in 2022, is situated at 1000 Avery Village Loop, Orlando, FL 32825. The property offers a luxury living experience including a resort-style pool, entertainment deck with an outdoor kitchen and fire pit, state-of-the-art fitness center, and clubhouse. The Avery boasts stylish apartment features, from luxury vinyl plank flooring and lofty 9foot ceilings to modern kitchens with stainless steel appliances. This most recent investment closed in partnership with Centennial State Capital, brings Avanti Residential’s total number of units in Florida to 1,829 across 7 assets, solidifying its presence in the state.
“Avanti is excited to expand its footprint in the Orlando area. The Avery allows our investors the opportunity to own a newly built asset at below replacement cost and peak rents within this micromarket. Furthermore, the asset’s location offers residents excellent access to Orlando’s key employment and educational hubs,” says Peter Partipilo, Director of Acquisitions.
Mark Henderson of Centennial State Capital shares, “at Centennial State Capital, we take pride in our ability to identify unique investment opportunities. This acquisition reflects the strength of our partnership with Avanti Residential and our shared commitment to investing in high-quality assets in growth markets like Orlando. Together, we’ve acquired a premier, newly built asset that will generate value for our investors and provide an exceptional living experience for residents.”
Avanti Residential continues to expand its portfolio and strengthen its position as a leading player in the multifamily industry. The company’s portfolio now reflects 9,604 units across 41 properties in eight states: Colorado, Kansas, Missouri, Arizona, Florida, Utah, Tennessee, and Georgia.
Avanti Residential is committed to providing exceptional living experiences for its residents and delivering strong returns for its investors. The company is actively seeking additional investment opportunities and remains focused on its growth objectives.

ORLANDO, FL – Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announced that construction has begun on its newest Orlando area development Aventon Holy Hill. The three-story, garden-style community will open in the second half of 2025.
With Aventon Holly Hill marking Aventon Companies’ sixth project in the Orlando submarket, it remains committed to the flourishing metro area. One, two and three-bedroom options will comprise 288 units spread across 14.5 acres. Each apartment will be outfitted with the firm’s signature best-in-class finishes and attention to detail. With a focus on creating a sense of community, shared amenities will include a business lounge, fitness center, game room, resort-style pool, and an on-site pet spa. The community’s prime location on U.S. Route 27 also offers easy commuting access to major area employers within the Orlando Commercial Corridor and to local attractions like Disney World.
“Data indicates that Orlando is one of the fastest growing areas in the entire country with over 1,500 new residents added to the population every week,” said Sean Flanagan, Senior Development Director for Aventon Companies. “Aventon Holly Hill is designed to fulfill the growing desire for luxury living in the heart of it all.”
The overall design of Aventon Holly Hill was created by Watts Leaf Architects, with interiors curated by Studio 5 Interiors. The property will be located at the intersection of Holly Hill Grove Road and U.S. Route 27 in the city of Davenport. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing nearly 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

CHASKA, MN – Trident Development, a Minnesota-based firm specializing in the acquisition and development of luxury rental apartments, celebrated the opening of The Plaza at Hazeltine, a multifamily community located at 1130 Hazeltine Boulevard, with its project partners, city representatives and residents.
“From the beginning, our goal in developing The Plaza at Hazeltine has been to create a destination that is seamlessly connected to the surrounding community,” said ;Carin Bzdok, vice president at Trident Development. “By working shoulder-to-shoulder with our partners and the city of Chaska, we have achieved that goal and then some. With multiple living options and a wide range of modern amenities, residents are immersed in this wonderful city, taking pride in truly calling this home.”
Located at the southwest corner of Hazeltine Boulevard and Hundertmark Road, The Plaza at Hazeltine features studio/alcove, one, two and three-bedroom apartment options with luxury finishes, modern appliances and golf course views. Residents have access to an underground, climate-controlled parking garage with 100 stalls, and partial ground level covered parking with 30 stalls. The first residents began moving in in early September 2024.
The Plaza at Hazeltine is conveniently situated near a bustling retail area with Kohl’s, McDonald’s, Aldi, Chipotle and Starbucks. The location makes the most of its pedestrian walkways to the retail shops and recreational facilities, including The Loop at Chaska public golf course and the world-renowned Hazeltine National Golf Club.
Amenities include a large outdoor patio with pergola, grilling stations and firepit with comfortable seating, walking trails, a children’s play area, outdoor putting green, dog park, pet wash, bike racks, spacious community room, coffee bar, package delivery room, expansive fitness room, golf simulator, plaza breezeway through the building and a fourth-floor sky deck featuring a rooftop patio.
The general contractor for The Plaza at Hazeltine is Lyon Contracting and the property is managed by Village Green.

HOUSTON, TX – Three Pillars Capital, led by Gautam Goyal, announced the acquisition of The Life at Beverly Palms, a 308-unit Class-C multifamily property located in Pasadena, TX. The acquisition is a significant milestone for the firm as it continues its trajectory toward $1 billion in assets under management. Upon acquisition, the property was renamed Vista Azul Apartments, reflecting the firm’s strategic repositioning efforts.
Situated in Pasadena, a key hub of the Greater Houston Area’s petrochemical industry, Vista Azul Apartments benefits from the city’s economic strength and steady demand for quality housing. The property offers a mix of one, two, and three-bedroom apartments, with a comprehensive two-year renovation and repositioning program aimed at modernizing the property and enhancing its appeal to current and prospective residents.
Three Pillars Capital, a Houston-based real estate private equity firm, brings over two decades of combined experience in acquisitions and asset management. The firm currently manages over $600 million in high-performing assets, totaling approximately 4,500 units. This latest acquisition underscores its commitment to value-add strategies and its dedication to delivering superior returns to investors.

SAN DIEGO, CA – Civitas Capital Group, a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, recently broke ground on a 76-unit, Class A multifamily community in San Diego, California. Civitas is the developer of the project, as well as the project sponsor.
The project is located at 4080 32nd Street in the North Park neighborhood of Balboa Park, a walkable community full of unique shops, restaurants, bars, museums, and the world-famous San Diego Zoo. Its irreplaceable location and unparalleled amenities help Balboa Park have one of the densest populations of 25-to 34-year-olds in San Diego.
The project comes at a time of a housing shortage in San Diego. The San Diego Association of Governments in March estimated the county requires roughly 20,000 new units annually through 2030 to make up for a 15-year housing shortage. The county is permitting roughly half of that amount with even less breaking ground due to the difficult capital markets environment and the years it takes to obtain permits and entitlements for construction.
In fact, the Balboa Park submarket is expected to have effectively zero net deliveries between Q2 2025 and Q3 2026 – the time when the Civitas project is scheduled to deliver.
“We are extremely excited to bring this deal to the San Diego market,” said Jorge Adler, Director of Investments for Civitas and the lead on the project. “San Diego is a supply-constrained market with what Civitas believes are very positive long-term demand drivers. We are particularly excited about delivering this project in one of the most desirable submarkets of San Diego at a time when few other properties are scheduled to open. It’s a win for the community, and a win for Civitas.”
Adler says a big reason this project is able to break ground when others cannot is because of its ability to accept funding through the EB-5 Immigrant Investor Program. The project is located within a Targeted Employment Area, as defined by USCIS.
“We closed on the land for this project in September of this year and broke ground within 30 days,” says Kelly Lindig, Director of Development at Civitas. “Our team at Civitas has experience in all aspects of the development and construction process with projects in Texas and California. In addition, our general contractor, Richard & Richard Construction, has extensive experience with similar projects in Southern California for numerous clients, including the U.S. Navy.”