PANAMA CITY BEACH, FL – The St. Joe Company announced the completion of North Bay Landing, an apartment community located in Panama City, Florida on Star Avenue, approximately one mile from State Road 231. This 240-unit apartment community represents a significant addition to the city’s rental housing market, and it is already over 90% leased.
North Bay Landing offers a diverse selection of residential floor plans, catering to various needs. The community s amenities include a zero-entry pool, playground, dog park, and a fitness center.
North Bay Landing was fully completed in June 2023. The community offers one- and two-bedroom apartments, as well as three-bedroom townhome-style apartments which include garages. The location’s proximity to the growing State Road 231 corridor, as well as nearby schools, several area employers, and Tyndall Air Force Base makes this community especially suitable for working families.
“The completion of this apartment community addresses a pressing need for more housing options in our area,” says Dan Velazquez, Senior Vice President of Commercial Real Estate for St. Joe. We set out to develop a community that would appeal to working families, teachers, first responders, and military personnel and their families. Over half of our residents are public servants that fit into one of these categories, which demonstrates the need for this type of housing in Bay County.
With the North Bay Landing now fully open, the portfolio includes a total of 1,024 completed multi-family and senior living units, with 359 additional multi-family and senior living units currently under construction.

TAMPA, FL – Carter Multifamily, a division of Carter Funds focused on acquiring and managing value-add multifamily real estate, has purchased Mode at Ballast Point located at 6306 S. MacDill Avenue in Tampa, Florida for $57.5 million. Carter Multifamily plans to reposition the 276-unit garden-style property, originally built in 1988 and formerly known as Solis at Ballast Point, under the new name “Mode at Ballast Point.”
On 21.51 acres and spanning 218,592 net rentable square feet, Mode at Ballast Point boasts a strategic location in close proximity to prime retail and job hubs, prominent healthcare institutions, business parks, and major employers in Tampa, including MacDill Air Force Base which employs over 19,000 personnel1 and is minutes away from the property.
According to the U.S. Bureau of Labor Statistics, Tampa metro employment grew 4.3% year-over-year as of May 2023; the second fastest among large metros and surpassing Florida 3.6%) as well as the national employment growth rate (2.6%).
“We are thrilled to expand our presence into Tampa; an attractive multifamily market due to its favorable renter demographics, desirable climate, and growing economy. Mode at Ballast Point is situated in the highly sought-after South Tampa area near major employers, entertainment, and outdoor amenities, making it a desirable location for work and play. With the capital improvements planned for this property paired with our confidence in Tampa’s potential to drive demand for high-quality, affordable apartments, we believe Mode at Ballast Point will be an accretive addition to our value-add real estate portfolio,” said Ray Hutchinson, chief investment officer of Carter Multifamily.
Amenities at Mode Ballast Point include: a resort-style pool, private lake and park, an on-site pet park and is minutes from a waterfront walking/biking path along Bayshore Boulevard. Carter Multifamily intends to execute a value-add strategy which will include operational improvements, upgrades to community amenities, interior unit renovations, and exterior building improvements.

CHARLOTTE, NC – Leading national multifamily real estate developer Wood Partners announced the grand opening of its newest luxury residential community, Alta West Morehead, located in Uptown Charlotte, North Carolina.
Alta West Morehead is the culmination of a joint venture announced in September 2021 between Wood Partners and GTIS Partners, a global real estate investment firm managing $4.3 billion in gross assets with a U.S. focus on residential and industrial/logistics investments.
Located at 2020 W Morehead Street in Charlotte’s FreeMoreWest neighborhood, Alta West Morehead puts residents within minutes of the popular retail, dining and entertainment establishments that Charlotte has to offer. Several local craft breweries are within walking distance of the community, along with the new Salt + Vinegar development, which offers over 73,000 square feet of retail stores, restaurants and office space.
“Alta West Morehead is our second development in the FreeMoreWest submarket of Charlotte, and we are so excited to welcome a fresh crop of residents to their new home,” said Carter Siegel, Managing Director at Wood Partners. “This community provides endless options for working, dining and entertainment, allowing our residents to work hard so they can play hard.”
“We’re excited about the grand opening of Alta West Morehead, which underscores our mission of providing high quality rental housing to growing, underserved areas throughout the Sunbelt Region,” said Amit Rind, Managing Director of GTIS.
Alta West Morehead offers 308 apartment homes, providing a mix of studio, one-, two- and three-bedroom floor plans for residents to choose from. Each home features an array of luxurious interior finishes including stainless steel GE appliances, white quartz countertops, frameless rustic wood grain cabinetry, white-tiled kitchens and bathrooms, full-size washer/dryer sets and contemporary regency grey wide-plank flooring throughout. Additionally, there is a controlled access covered parking deck with electric vehicle charging stations and bike storage for added resident convenience.
Throughout the community, Alta West Morehead residents have access to a wide range of best-in-class amenities, including a resort-style pool and outdoor terrace, as well as an on-site paw spa and pet wash. Inside the community clubhouse, residents can enjoy the community’s 24/7 fitness club with Peloton bikes, multiple co-working spaces with private micro-offices, club lounge, and a game room featuring foosball, arcade games and shuffleboard.
Alta West Morehead’s prime location also puts residents within walking distance of Bank of America stadium as well as many of Charlotte’s beautiful parks accessible via the Greenway Trail. Additionally, a nearby future rail stop and direct access to I-77 and I-85 allow residents to easily travel throughout the city with the greatest of ease. Charlotte Douglas Airport (American Airlines hub with over 780 direct flights) is only a 15-minute drive west of the site.

DENVER, CO – The Broe Group, the Colorado-based, multi-billion-dollar investment group with diversified holdings in rail and real estate, has acquired The Seasons of Cherry Creek. The signature Class A, Cherry Creek multifamily community is The Broe Group’s latest addition to its long-term, family-owned Cherry Creek holdings that include award-winning multifamily communities and an expansive Class A commercial office portfolio.
“For more than four decades, the Broe family and The Broe Group have called Cherry Creek home,” said The Broe Group’s Kiki Broe. “We have grown with Cherry Creek for generations, and we believe deeply in the future of our community. The Seasons of Cherry Creek plays a vital role in Cherry Creek’s long-term housing plan, and we are committed to ensuring that it remains a vibrant, trusted community for generations to come.”
The Seasons of Cherry Creek is a three-building, 530,575 SF complex rising from 5.2 acres along south Ellsworth in the heart of Cherry Creek. Its 587 units are home to nearly 1,000 local residents.
“The Seasons of Cherry Creek is an exceptional living community in a premier location,’ said Broe Real Estate Group Senior Vice President Josh Mesner. “As a Colorado company, we are very committed to our home market and this acquisition will be a legacy project that will serve our local community for years to come.”
Broe Real Estate Group’s acquisition of The Seasons of Cherry Creek marks one of the largest real estate transactions in Cherry Creek history.
“Cherry Creek’s long-term prosperity relies on sustained investment creating quality jobs and quality services,” said Cherry Creek North President and CEO Nick LeMasters. “The Seasons acquisition is a long-term investment in both of these essential areas, and we are thankful for local partners, like the Broe family, who continue to invest in our community’s long-term future.”

AUSTIN, TX – Knightvest Capital, a vertically-integrated multifamily investment company, announced today it has acquired Autumn Ranch on Swenson Farms, a 336-unit garden style residential community located in Austin’s high-growth tech corridor of Silicon Hills. With the acquisition, Knightvest Capital continues to expand its Central Texas portfolio while also solidifying the Company’s growing presence in the Austin area.
The low-density Autumn Ranch apartment community includes one- and two-bedroom floor plans spread across seventeen acres with a variety of amenities including a pool, clubhouse, fitness center, and dog park.
“We’re excited about our latest acquisition in Austin as we continue to execute our strategy to uniquely identify underperforming properties in highly sought-after markets,” said David Moore, Knightvest Founder and CEO. “Our talented team is excited to bring our best-in-class renovation work to Autumn Ranch as we lead the industry in delivering design-driven quality with modern luxuries that residents value.”
Austin’s growth has been driven by a steady influx of corporate relocations and expansions, with notable projects like Samsung’s chip manufacturing plant and Apple’s 130-acre campus. Other major employers in the area include Dell, Amazon, and Applied Materials. As a result, between 2010 and 2020, Austin ranked as the fastest-growing metro area in the United States, and the submarket of Pflugerville, where Autumn Ranch is situated, experienced remarkable growth of 38% over the past decade.
Knightvest Capital plans to further modernize the community by renovating unit interiors and enhancing property amenities. The company will also implement its proven property management strategies to ensure efficient operations and excellent customer service.
David Moore concluded by saying, “I’m incredibly proud of our winning team that continues to deliver dependable results that outperform the market in this dynamic environment, and we’re excited about the continued growth prospects in the Austin area.”

GRAND PRAIRIE, TX – JPI, a leader in the development of best-in-class multifamily communities, has broken ground on the first phase of Jefferson Loyd Park, a Class A development that will bring 450 multifamily homes to Grand Prairie.
The new community, made up of eight 3-story walkup buildings, will span over 25 acres and will feature urban-style architecture. Residents will enjoy top-of-the-line community amenities such as a resort-style pool with cabanas, a fitness center equipped with virtual exercise class offerings, and convenient access to Loyd Park and Joe Pool Lake.
“This is a really exciting project for us,” said Blake Taylor, Senior Vice President and Regional Development Partner for JPI. “Not only are we able to bring a substantial number of homes to a growing area, but in such a unique location. Jefferson Loyd Park will provide residents with a place to call home that is urban yet has easy access to Loyd Park and Joe Pool Lake. It’s the best of both worlds.”
Jefferson Loyd Park is positioned along Highway 360 between Debbie Lane and Broad Street. State Highway 360 is a major highway in the area and reports 27,000 vehicles per day. The community also provides residents quick access to a host of retail and dining within a 5-mile radius, such as Kroger, The Home Depot, Super Target, Chase Bank, Starbucks, and many more.
Partners on the project include the lender, Happy State Bank; architect, Demarest; civil engineering, Kimley Horn, and many others. Including Loyd Park, JPI’s total count of homes under construction currently stands at over 7,600, with over 6,200 homes under construction in North Texas alone.
“Jefferson Loyd Park Phase 1 marks JPI’s 3rd project in Grand Prairie in the last 18 months, so we have become very familiar with their quality and standard of work,” said John Lopez, District 4, Mayor Pro Tem for Grand Prairie. “Our priority is to enhance the quality of life for the community, and we believe that this new project will do just that by bringing top-of-the-line mix-use housing to an area of town that has so much to offer.”

GREENSBORO, NC – Bell Partners, one of the nation’s leading apartment investment and management companies, announced it has acquired Lansbrook Village, a 774-unit apartment community located in Palm Harbor, Florida. In a separate transaction, the Company also announced it has acquired Presidio East, a 312-unit apartment building in Fort Worth, Texas. Lansbrook Village was acquired on behalf of Bell Value-Add Fund VIII investors and will be renamed Bell Lansbrook Village. Presidio East was acquired on behalf of Bell Core Fund I investors and will be renamed Bell Presidio.
“By leveraging our local market knowledge and differentiated deal flow, we have acquired two properties in quality locations that, with careful underwriting and a disciplined approach to risk management, can each provide attractive returns to our investors,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “Bell Lansbrook Village is our first acquisition for Value-Add Fund VIII and offers the ability to immediately create value through renovations and enhanced management practices. Bell Presidio is well-suited for our Core Fund I venture as it provides a stable performance history in a location with attractive growth prospects.”
Completed in several phases between 1998 and 2004, Bell Lansbrook Village is a low-density community with direct entry, townhome style units in one-, two-, three- and four-bedroom floor plans. The 85-acre property boasts a range of high-quality amenities, including three pools, tennis courts, a fitness center and a pet park. The property’s location offers convenient commuter access to downtown Tampa and downtown St. Petersburg. Ample retail and dining locations, beaches, an 18-hole championship golf course and walking trails are all within minutes of the property.
Completed in 2017, Bell Presidio is a low-density community with modern interior finishes and an attractive unit mix of larger floorplans providing desirable options to a wide range of prospective residents. Amenities include a two-story fitness center and large saltwater pool. The property is located in North Fort Worth near Alliance Town Center, top-ranked schools and major employment centers including the Alliance Texas global logistics hub.

PALO ALTO, CA – Multifamily owner-operator and investment manager Pacific Urban Investors acquired La Jolla International Gardens, a 400-unit apartment community in the La Jolla / University Town Center (UTC) submarket of San Diego, CA. The property was renamed Allina La Jolla and marks Pacific s 21st acquisition in the San Diego Market.
Allina La Jolla is a 100% market rate property built in 1986. La Jolla / UTC is known as a regional employment driver in multiple science and technology fields due to its business connectivity to the University of California at San Diego (UCSD) research ecosystem. Proximity to downtown La Jolla, job centers up and down the I-5/I-15 corridors, and some of southern California s best beaches make La Jolla / UTC a highly sought-after locale offering convenient coastal access and short commute times. The Property offers semi-urban, walkable living 10 minutes from the ocean, a job-dense micro location with abundant neighboring retail, and spacious amenities. Community offerings on the meticulously crafted, 7-acre asset include a resort-style pool and spa, sprawling clubhouse, fully-equipped business center, modern fitness center, sand volleyball court, and bar-be-que area.
Pacific Urban Investors is committed to preserving the distinctive character and identity of Allina La Jolla while introducing new initiatives aimed at further enhancing the resident experience. The company plans to invest in modernizing the community s amenities, including expanded communal areas for residents to connect and engage, and upgrading resident unit interiors.
Allina La Jolla gives Pacific the opportunity to own a high quality, well-kept vintage asset that offers residents a pleasant living experience with proximate access to La Jolla beaches only a short drive away. Exceptional demographics, award-winning schools, world-class outdoor amenities, and expansive retail offerings make La Jolla / UTC as desired a coastal community as any in San Diego County. The Property s premium location, access to multiple employment nodes, ample amenities, and well-designed floor plans, all serve as differentiating features in the marketplace, said Grant Geisen, Senior Vice President of Investments at Pacific.
Pacific s President Rory Gardner commented, We are excited to obtain a position in this coveted coastal San Diego submarket where opportunities are so difficult to come by. Allina La Jolla is a welcome complement to our growing Southern California portfolio, and we are actively seeking additional San Diego investments across all our strategies; including both direct acquisitions, as well as joint venture and preferred equity opportunities.

DALLAS, TX – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced construction is underway on Modera St. Paul, a contemporary mixed-use apartment community centrally located in one of the most walkable areas within Downtown Dallas.
The 16-story community, with 333 homes and nearly 4,000 square feet of retail space, will be uniquely positioned at the confluence of the city’s primary employment, civic and cultural districts with delivery occurring after numerous hotels, restaurants and parks have helped to create a vibrant neighborhood in downtown Dallas. Boasting a robust Walk Score of 95, Modera St. Paul will put residents within steps of more than 200 bars, restaurants, boutiques and additional key attractions. The community will offer a full slate of first-class amenities, including unique experiences like a karaoke room, podcast studio and arcade. First move-ins are anticipated for late 2024.
“The unique pocket of downtown, which has benefitted from considerable private investment in the Farmer’s Market and what is now known as East Quarter, as well as both public and private investment in a system of nearby parks, continues to become an exceedingly attractive living destination with its proximity to everything residents desire from city living,” said Michael Blackwell, senior managing director of development in North Texas for Mill Creek Residential. “With our partners the Hamiltons, who have been instrumental in the evolution of downtown, we are excited to add Modera St. Paul to the neighborhood, which will provide walkable access to the downtown’s rapidly expanding restaurant scene and world-class parks, all while putting residents within moments of nearly 200,000 jobs in greater downtown. We look forward to offering a best-in-class living experience in the heart of Dallas.”
Situated at 400 S. St. Paul Street, the community is within a five-minute walk from the Main Street District, AT&T’s Global headquarters and Discovery District, as well as the Dallas Farmers Market. The community also features a strong Transit Score (85) and Bike Score (78). Residents will also enjoy extremely quick access to the surrounding transportation network, including two DART light rail stations and Interstate 30, Interstate 35E and Central Expressway. Several destination parks with year-round programming are within a short walk of the community, including Carpenter Park, Main Street Garden and Harwood Park, which is under construction just a half-block from Modera St Paul.
Modera St. Paul is being built to NGBS bronze standards, and will feature one-, two- and three-bedroom homes with select den layouts optimized for hybrid workers. Additional community amenities will include a rooftop deck, sky lounge, seventh-floor amenity deck with outdoor swimming pool, grilling area, fire pit, outdoor dining, landscaped courtyards, resident clubhouse, coffee bar, private conference rooms, pet spa, dog run and a club-quality fitness center with cardio equipment and yoga studio. Residents will also have access to work-from-home spaces, private EV charging stations, controlled-access reserved parking and a bike storage and repair room.
Apartment interiors will include wood plank-style flooring, built-in shelving and desks, stainless steel appliances, quartz countertops, tile backsplashes, soft-close cabinets with under-cabinet lighting, premium plumbing fixtures, refrigerators with built-in water filters, in-home washers and dryers, walk-in closets and private patios or balconies. Bathrooms will feature custom backlit mirrors, double vanities, walk-in showers and tile flooring. Select homes will include moveable kitchen islands, mudrooms, separate dining areas and oversized bedrooms. The community will also offer a variety of smart home features, including smart thermostats, smart leak detection, controlled guest-access technology and ultra-high-speed WiFi connectivity provided to residents at a discount to market-pricing.

TIGARD, OR – Hamilton Zanze announced the sale of the Woodspring Apartments in Tigard, Oregon to the Housing Authority of Washington County (HAWC).
This acquisition by HAWC helps preserve the affordability of a 172-unit apartment community. This success culminates four years of dedicated engagement and effort between the parties.
Mission Rock Residential is proud to continue as Woodspring Apartments property management company for HAWC, and it remains committed to providing the highest level of service to its residents.
Hamilton Zanze (HZ) is a private, San Francisco-based real estate investment company that owns and operates apartment communities. Since its founding in 2001, Hamilton Zanze has acquired over $6.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 133 properties (22,543 units) across 30 markets.