DORAL, FL – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in partnership with CPPIB, announced the topping off of The Dori, Quarterra’s latest community in Doral, Fla.
The Dori, a 222-home mid-rise community, is inspired by nature and designed to complement both the lifestyle and natural surroundings in South Florida. With the Everglades, Florida Keys and Miami Beaches as a backdrop, The Dori emits a balance of clean, natural, earthy and active elements. The community earned a National Green Building Standard bronze certification for its environmentally friendly design, which features energy-saving smart home technology.
“The Dori takes its cues from its surroundings and is strategically designed to capture the inherent aesthetics of South Florida,” said Michael Pelzcar, Vice President of Development for Quarterra. “Community features incorporate water to invoke the nearby Everglades and Atlantic beaches, and the extensive amenities package encourages a healthy and active outdoor lifestyle. To minimize the community’s carbon footprint and help to preserve the environment that inspired its design, The Dori will feature green elements and smart home features throughout.”
Located at 4760 NW 85th Ave., The Dori provides residents with in-neighborhood opportunities, as well as easy access to the rest of the Miami Metro Area. Local destination restaurants include Bulla Gastrobar, Dragonfly Izakaya & Fish Market, Crema, Ceviche Gastrobar, BLT Prime, The Doral Yard, Pisco Y Nazca and Las Vegas Cuban Cuisine. Shopping and entertainment can be found at the Downtown Doral Arts District, Doral Farmers Market and CityPlace Doral, with groceries and essentials at nearby Publix. Downtown Doral Park and the Doral Cultural Arts Center are just blocks away.
Positioned near NW 87th Ave., as well as NW 47th Street, The Dori puts residents just a short drive from main thoroughfares into Coral Gables and Miami. The prime connectivity also creates convenient commutes to major regional employers, including Miami Dade Country, Miami Airport, Carnival Cruise Lines and Univision. Sports enthusiasts can also easily catch their hometown teams at Loan Depot Park, home of the Florida Marlins; FTX Arena, home of the Miami Heat; and, Hard Rock Stadium, home of the Miami Dolphins. The community will include a seven-story parking garage with 10 spaces equipped for EV charging.
The Dori will consist of studio, one-, two- and three-bedroom apartment homes, ranging from 548 to 1,468 square feet. All homes are equipped with smart thermostats and smart access controls, with wood plank luxury vinyl tile throughout. Designer kitchens feature pendant lighting over the islands, as well as undercabinet lighting, quartz countertops, tile backsplashes, electric flat top stoves, and GE side-by-side refrigerators in most homes. Bathrooms include quartz countertops, tile flooring, walk-in showers and tile surrounds. Select bedrooms are designed with walk-in closets.
Common areas include a resort-style pool with covered cabanas, a water feature, clubroom with a social lounge, fitness center featuring a flex fitness/yoga room, and a Hoist MotionCage Studio, as well as cardio and strength equipment. Residents can also take advantage of a top floor skylounge with billiards table, co-working offices and podcast studio, pet park and pet wash room, package room with refrigeration, and a locked bike storage room.

DALLAS, TX – Elizabeth Property Group (EPG) has closed on the acquisition of a portfolio of six Low Income Housing Tax Credit (LIHTC) apartment properties located in Houston, Dallas-Fort Worth, Beaumont, Huntsville, Bryan-College Station, and Wichita Falls, TX. The portfolio totals 1,444 units of affordable housing with the capacity to house an estimated 3,000 tenants. Funds affiliated with American South Fund Management partnered with Dallas-based Elizabeth Property Group (EPG) to purchase and renovate the portfolio.
All units will continue to be affordable for renters at incomes less than 60% of the Area Median Income (AMI) through 2042 and 2043. The developments are located in census tracts with an average poverty rate of 36% and a 75% average minority population. Renovations will include deferred maintenance, painting, and replacing of flooring within units, exterior and landscaping upgrades. No tenants will be displaced because of renovations.
The six investment properties located in the Dallas and Houston regions are: Willow Green in Houston (336 units), Woodglen Park I & II in Duncanville (232 units), Pine Club in Beaumont (232 units), Ridgewood West in Huntsville (232 units), Saddlewood Club in Bryan (232 units), Tealwood Place in Wichita (180 units).
“The Texas LIHTC Portfolio exemplifies Elizabeth Property Group’s mission of maintaining quality affordable housing for local residents,” said Tisha Vaidya, Co-Founder and Principal of Elizabeth Property Group. “We are thrilled to be partnering with ASFM once again to preserve critically needed affordable housing throughout Texas.”
“Preserving 1,444 affordable units for low-income Texans is the type of project that meets the core of our mission,” said Deborah La Franchi, ASFM Managing Partner. “Our funds’ investment with EPG ensures that all of these units will be LIHTC for the next 20 years.”
“We are delighted to be investing with EPG in Texas again,” said David Alexander, ASFM Managing Partner. “EPG’s commitment to increasing and renovating affordable housing throughout Texas aligns with ASFM’s goals to support disadvantaged-income earners and spur local economic development.
Since 2018, ASFM’s impact funds have made 22 investments in throughout the American south, totaling $96 million in equity investment.

KANSAS CITY, MO – The Cordish Companies announced that construction has commenced on the transformation of the historic Midland Office Building into Midland Lofts, a 135-unit residential building. Midland Lofts will sit in the midst of the burgeoning downtown Power & Light District neighborhood, directly connected to the legendary Midland Theatre and steps away from Cosentino’s Downtown Market, Kansas City Live!, T-Mobile Center, Genesis Health Clubs, the KC Streetcar line, dozens of restaurants, shops and entertainment venues, and cultural destinations like the Kauffman Center for the Performing Arts.
“We are eager to bring the historic Midland Office Building back to life as Midland Lofts,” said Marnie Sauls, executive director of Residential Management for Cordish Living. “The residential renaissance of downtown Kansas City began with historic conversions, and we think it is fitting as we begin this next phase of the renaissance that we are adding both new construction with Three Light and a historic renovation of the highest quality with Midland Lofts to the Power & Light District.”
“We’re so thankful for the entire team at The Cordish Companies and for their vision, dedication and passion for Kansas City,” said Brian Platt, City Manager of Kansas City, MO. “What is really important about the work that Cordish does is it’s not the just same thing over and over. This is not a copy and paste project. This is an adaptive reuse of a historic building that is going to be a unique space. It’s filling some of the holes in our market and it’s so important to us that we have options for downtown residential living. We’re so excited about the vision for downtown and all that this project brings to the City.”
For almost two decades, The Cordish Companies has invested in downtown Kansas City, both with new construction projects and the restoration of historic buildings including the B&B Theatre, the Midland Theatre, and now Midland Lofts. In 2008, Cordish and AMC completed a two-year, multi-million dollar renovation of the Midland Theatre, which first opened its doors in 1927. Since the renovation, the celebrated Kansas City venue has welcomed millions of guests and hosts hundreds of events each year.
The adjacent office building, an underutilized historic jewel that has been vacant for more than 20 years, will be renovated to include 135 beautiful, airy loft apartments for rent featuring multiple open-concept studio and one-bedroom floor plans. Once complete, Midland Lofts will feature an impressive street-level lobby with large windows bringing in natural light, multiple seating areas for conversation and entertainment, and a suite of amenities and services for renters.
“The Midland Lofts renovation is a significant step in the direction of making Kansas City more broadly accessible to the downtown workforce,” said Emelyna Aurich, director of Property Management for Cordish Living. “We are extremely excited to be introducing so many apartment units to the Power & Light District that are priced below $1,000 per month and we firmly believe The Midland Lofts can be a catalyst for the development of more moderately priced apartment units downtown – both growing our density and making the community more moderately priced.”
The architecture and the interior design of Midland Lofts will reflect the rich history and unique character of the building and theater while channeling the upscale finishes and design of One Light, Two Light and Three Light. Local Kansas City architecture and design firm Helix is the project architect for Midland Lofts. Helix was also the project architect for the historic renovations of the Midland Theatre and Mainstreet Theaters in the Power & Light District. Each living space has been meticulously designed with quartz countertops and tile backsplash, stainless steel appliances, custom closet organizers, porcelain tile bathroom floors, in-unit washers and dryers, and oversized windows that show off incredible views of downtown.
RD Jones + Associates, an award-winning full-service design firm specializing in interior design and architecture, is leading the interior design for Midland Lofts’ amenity spaces.
“The renovation and adaptive reuse of the Midland Building into modern and beautiful apartments will positively contribute to the ongoing revitalization of downtown Kansas City,” said Helix Principal Jay Tomlinson, FAIA. “It not only reflects Helix’s mission of breathing new life into historic buildings, but the most sustainable building is one that is already built. The Midland Building has long been regarded as an underutilized historic jewel, and its renovation ensures that this magnificent piece of architecture will remain functional and relevant in the modern era.”
“With today’s Midland Lofts celebration and Three Light set to open on September 1, we are thrilled to be bringing even more new downtown living options to the Power & Light District,” said John Moncke, president of the Kansas City Power & Light District. “Midland Lofts marries the rich history of Kansas City with a modern, elegant lifestyle and will provide additional first-class residential options at accessible price points. For the past 15 years, we have invested in building a world-class community downtown, with historic renovation and new construction projects alike, a look forward to continuing our commitment to downtown Kansas City.”

INDIANAPOLIS, IN – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting on Slate at Fishers District, a 242-unit luxury townhome and villa community that is part of the master-planned Fishers District development. The first residents began moving in May and the community is already nearly 20% leased.
“We continue to see demand from renters that want the maintenance-free benefits and amenities of traditional apartments with the space and comforts of single-family homes,” said Josh Purvis, managing partner of Thompson Thrift Residential. “Slate at Fishers District delivers on those trends and provides residents with incredible access to all of the shopping, dining and entertainment Fishers District provides.”
Sitting on approximately 25 acres in the southeast quadrant of I-69 and 116th Street, Slate at Fishers District consists of one-, two- and three-bedroom villas, along with three- and four-bedroom townhomes, all in a modern farmhouse style. The residences average 1,215 square feet and feature premium amenities such as gourmet bar-kitchens with quartz countertops; stainless steel appliances; 10-foot ceilings with designer light fixtures; walk-in closets with custom wood shelving; full-size washers and dryers, smart home technology, and much more.
Residents of Slate at Fishers District will have easy access to the I-465 loop and downtown Indianapolis. Additionally, Slate at Fishers District is adjacent to Fishers District, a mixed-use development with a heavy culinary focus and 110,000 square feet of retail space. As part of the project, a public linear park, including a paved trail, will provide the entire community with direct pedestrian and bike access to Fishers District and The Crossing at Fishers District, which will be home to a 7,500-seat event center that will host sporting, theatrical and entertainment events, as well as additional restaurant, retail, hospitality and residential options.
Thompson Thrift expects construction for Slate to conclude in early 2024. At today’s ribbon-cutting, visitors were able to view model tours as well as see the professionally decorated clubhouse, 24-hour fitness center, resort style swimming pool with cabanas and bark parks and doggie spas. Additionally, in support of Thompson Thrift’s commitment to community outreach, they presented a check to the Indiana chapter of A Kid Again, a non-profit that serves families who are raising kids living with life-threatening conditions by providing cost-free, fun-filled destination events throughout the year.
Thompson Thrift is a full-service real estate development company focused on ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. During the past 30+ years, Thompson Thrift has invested more than $4 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.

EVERETT, WA – CEP Multifamily announced their acquisition of Regal Ridge, a 97-unit market rate garden apartment community in Spokane’s desirable South Hill neighborhood.
Regal Ridge is the first acquisition in Spokane for the vertically integrated Everett-based firm and grows their existing Pacific Northwest portfolio to 1,606 units, 475 of which are outside of the Puget Sound Region.
The acquisition price was $21.5 million ($221,650 per unit), according to Josh Jansen, CEP Multifamily’s President and Managing Partner.
“We have targeted the Spokane MSA as a top growth market for our suburban, core-plus investment strategy,” said Jansen. “Spokane County boasts strong local economic fundamentals as the Inland Northwest’s regional employment hub. Residents enjoy a high quality of life and relative housing affordability, which have fostered a diverse, well-educated labor pool. These factors have supported long-term population and employment growth…trends we believe will accelerate in the coming years. We look forward to continuing to grow our presence in the Spokane metro.”
Ryan Harmon, Nicholas Ruggeiro, Giovanni Napoli, and Philip Assouad of Institutional Property Advisors (IPA) brokered the transaction.
CEP Multifamily is a private equity real estate firm providing accredited investors opportunities to invest in multifamily assets in the Pacific Northwest.

SAN ANTONIO, TX – Soon San Antonio seniors will have a brand-new option for independent living, Bella Vida at La Cantera. The community offers an innovative approach to senior living with flexible and customizable service delivery and resort-level amenities. Bella Vida is designed to deliver a mix of amenities and wellness, as well as peace of mind.
The 21-acre community will be located just north of 1604 off I-10, near the Eilan Hotel and Spa and La Cantera Resort and Spa. It is adjacent to the Crownridge neighborhood and overlooks the rolling hills of Texas Hill Country. Bella Vida is being developed by Texas-based nonprofit Forefront Living, long considered a leader in the senior living industry.
“San Antonio seniors deserve the quality and level of services we provide. We look forward to exceeding their expectations in every way possible,” said Tim Mallad, CEO of Forefront Living. “We plan to create a community where residents can thrive. Not only will the community be beautiful, but it will be filled with the amenities that make it easy to live an active and engaging lifestyle.”
Once complete, Bella Vida will consist of 153 Independent Living apartment homes and 40 villas with attached garages, with a variety of floor plans ranging from 820 to 2,550 square feet. A rich variety of amenities will include a salon and spa, fitness center, sports courts (such as pickleball), casual fine dining, an indoor swimming pool, a walking trail, wellness programming, and more.
Recognizing that today’s seniors desire flexibility and choice, Forefront Living will offer their “Flexible Service Program” that allows residents to customize their service package based on their preferences and lifestyle.
Maintaining an independent living lifestyle means multiple things to seniors today. Everything from fitness and wellness to creating social ties, to traveling without worrying about property maintenance, are all part of the appeal. Bella Vida at La Cantera will also provide a new approach to maintaining a long-lasting independent lifestyle – a wellness concierge service. If and when residents need future care or additional assistance, wellness services can be added in seamlessly without necessitating a move to a different community or area of the neighborhood. A special Memory Support neighborhood will also be offered for those who would benefit from a more secure and programmed setting.
“We’ve designed Bella Vida at La Cantera to provide a continuity of support,” noted Mallad. “Today’s seniors want a self-directed life, and Forefront Living wants to honor their preferences at every stage. Bella Vida at La Cantera will provide a “Beautiful Life” for San Antonians who have worked hard and deserve this lifestyle.”

FORT LAUDERDALE, FL – FCP announced the acquisition of Avana Cypress Creek Apartments at 1700 South State Road 7 in North Lauderdale, FL. The 220-unit, Class A community was built in 2009 and consists of predominantly two- and three-bedroom units with the majority of the units having direct access garages. FCP will assume an existing Fannie Mae loan.
“Avana Cypress Creek adds a very well-located Broward County asset to FCP’s Florida portfolio, now totaling nearly 6,000 units,” said FCP’s Bruce Gago, who heads the firm’s Florida office. “This property is highly desirable to residents seeking large, modern apartment homes with easy access to major employment centers and shopping areas.”
Avana Cypress Creek Apartments feature gourmet kitchens, wood plank-style flooring, granite countertops, and spacious, walk-in closets among other high-end features. Residents enjoy a 4,000 square foot clubhouse, an outdoor covered lounge and entertainment area, billiards and media room, a heated resort-style pool with cabanas, and a 24/7 accessible fitness center. The community features an abundance of restaurants, shopping and entertainment nearby.
FCP extends its appreciation to Robert Given and Zachary Sackley of CBRE, who facilitated the transaction.

SARASOTA, FL – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of The Concord, a 257-unit Class A multifamily community in Sarasota. Construction is set to begin this month and Thompson Thrift plans to welcome new residents starting in the fall of 2024.
“The Sarasota multifamily market has experienced some of the top apartment demand in the country,” said Josh Purvis, managing partner for Thompson Thrift Residential. “We believe The Concord’s combination of location, high-end finishes and unique amenities will be readily embraced by residents looking for a sophisticated living experience in the heart of this dynamic market.”
Located off I-75 and Fruitville Road, the 8.45-acre property will offer one-, two- and three-bedroom apartment homes in four-story buildings with elevator access. The apartment homes will feature elegant quartz countertops, hardwood-style flooring, stainless steel appliances, patio and balcony options, private yard options, detached garages and a full-size washer and dryer. Each home will also feature Alexa-compatible smart home packages as well as high-speed, instant-on internet access.
Luxury living will continue throughout the community, including a fully equipped fitness center with 24-hour access, resort-style heated swimming pool, outdoor entertainment and community grilling areas, dog run and pet spa, 24-hour social hub and work from home focus suites.
The Concord will also feature a skydeck overlooking the Celery Fields to the south, and will include an open-air area with firepit, shade structure and soft seating. The indoor amenity space will have a chef’s kitchen available for residents to host parties and happy hours.
“We continue to focus on prioritizing lifestyle-driven apartment amenities,” said Steve Shaver, senior vice president, construction and design for Thompson Thrift Residential. “We think the new skydecks we have planned at certain communities will further elevate the living experience and provide our residents with a unique space where they can host events, lounge and enjoy gorgeous views.”
The development site is less than one mile from the I-75 and Fruitville Road interchange, on the southern outskirts of Lakewood Ranch, the nation’s second fastest growing master planned community. Residents will enjoy being adjacent to a newly constructed Publix Super Market, as well as having convenient access to downtown Sarasota and a plethora of high-end retail and dining options.
The Sarasota multifamily market has experienced some of the highest demand in the country, fueled in part by the addition of nearly 100,000 jobs in the past 10 years. Major employers in the area include Sarasota Memorial Health Care, Sarasota County Government, Blake Medical Center, PGT Innovations and more.
Since its founding more than 30 years ago, Thompson Thrift has invested more than $4 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive commercial and multifamily communities. The Concord is the second apartment community in the North Port-Sarasota-Bradenton MSA, and the 11th in the state for the company.

NEWNAN, GA – National multifamily real estate development leader proudly announces the grand opening of its latest upscale residential community, Alta Ashley Park, nestled in metro Atlanta’s flourishing suburb of Newnan, Georgia. Located just south of Atlanta, Alta Ashley Park provides the ideal work-live-play setting for young professionals looking to strike an even balance between city life and suburban charm.
The community’s prime location at 101 Ashley Park Drive offers residents direct access to the city’s historic downtown area, which is home to an array of local restaurants, boutiques and outdoor spaces, as well as a larger selection of major retail, dining and entertainment options just outside their doors within the Ashley Park Shopping Center. Residents are also closely located to many of the city’s top employers including Amazon Fulfillment Center, Bonnell Aluminum, Buffalo Rock, and Cancer Treatment Centers of America, as well as larger corporations located just a short drive away in Atlanta, such as The Home Depot, Coca-Cola, Delta Airlines and more. Furthermore, Alta Ashley Park places residents in one of the city’s top school districts, which includes Brooks Elementary, Madras Middle, and Ruth Hill Elementary Schools, as well as renowned universities, such as AAMCO, WGTECH, and the University of West Georgia Newnan.
“We are thrilled to announce the grand opening of Alta Ashley Park in the beautiful historic city of Newnan, Georgia,” said Bennett Sands, Managing Director at Wood Partners. “This luxurious residential community offers a perfect blend of comfort and convenience, providing an exceptional living experience for our residents just outside Atlanta. We are excited to welcome new residents to the community and provide them with a place they can truly call home.”
Alta Ashley Park offers 269 apartment homes ranging from one-, two-, and three-bedroom layouts to full carriage homes. With a focus on modern elegance and luxury, each home will showcase an exquisite selection of upscale details, including stainless steel Whirlpool appliances, granite countertops and a subway tile backsplash, as well as full size in-unit washer and dryer sets and wood-style flooring throughout the main living spaces. Throughout the property, residents can also take advantage of Alta Ashley Park’s extensive array of community amenities, including a resort-style pool with tanning ledges, a massive sundeck and pool pavilion, an exterior lounge area with a fire pit, an outdoor activity lawn with outdoor games, an on-site pet spa and leash-free paw park, and a beer garden complete with TV and outdoor grilling and dining area. Inside the custom-designed clubhouse, residents will also have access to a 24/7 state-of-the-art fitness center, a co-work tech lounge with rentable day offices, a game room, complimentary coffee bar and sparkling water station and a catering kitchen with reservable lounge area.

NASHVILLE, TN – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, today announced the start of leasing at Towne Nashville, a 329-home mid-rise community in Nashville’s vibrant Germantown neighborhood.
Towne is located on the north end of Germantown, once a quaint pocket neighborhood and now a fully restored Victorian neighborhood where historic sites are complemented by high-end restaurants, eclectic boutique shops and live music venues. Now one of the most traversed sites in Music City, Germantown is a haven for locals looking to escape the tourist districts for a night out. Towne harnesses the neighborhood vibe to offer a connected, inclusive and socially-driven living experience.
“It really is hard to beat the culture and energy that Germantown brings to the table, and Towne puts all of those opportunities within easy reach of residents, while providing easy access to the rest of Nashville,” said Cameron Palm, Quarterra Senior Development Manager, Southeast Division. “From re-envisioned warehouse spaces to the brick sidewalks to the history of the Bicentennial Capitol Mall State Park, the neighborhood has a period charm that is completely unrivaled. Towne residents will have access to all those venues right out their front doors, with modern, well-appointed homes and a modern suite of convenient on-site amenities to come home to.”
The character-rich Germantown neighborhood is known for its critically acclaimed restaurants, including 5th & Taylor, The Local Distro, Germantown Pub, Rolf and Daughters, Steadfast Coffee, 312 Chicago Pizza Company, and Slim & Husky’s. The area is also home to the Nashville Farmers Market, with its eclectic global dining options and seasonal produce vendors. One-of-a-kind retailers call nearby Clinton Street home, while the Bicentennial Capitol Mall State Park offers skyline views and harkens back to Tennessee’s rich history.
With a prime location at 808 Garfield Street, Towne also facilitates an active lifestyle. The community puts residents within easy access of Cumberland River Greenway, Morgan Recreation Center, Ted Rhodes Field, Metro Center Complex, Elizabeth Park and First Horizon Park – home to the Nashville Sounds AAA professional baseball team.
Towne affords residents simple connectivity to nearby I-65, with quick links to Interstates 24 and 40 and the rest of the city, state and region. The prime accessibility simplifies the commutes to major regional employers, including Amazon, Microsoft, Cigna-Healthspring, Tennessee State University, HCA and Alliance Bernstein. Bike lanes on Rosa L. Parks also make local trips possible by pedal power. The community is equipped with a six-floor garage with four EV charging stations.
Towne consists of studio, one-bedroom, one-bedroom+den and two-bedroom apartment homes, ranging from 630 to 1,150 square feet. Homes are designed in two different color schemes, and come with internet ready WiFi connection, smart locks and wide-plank vinyl tile flooring. Modern kitchens are equipped under-cabinet lighting, frameless shaker cabinets, tile backsplashes and quartz countertops, while bathrooms are highlighted by tile tub surrounds and walk-in showers. Bedrooms feature walk-in closets.
Common areas are designed with thoughtful, contemporary touches that evoke an outdoorsy vibe with wood tones and metal accents. All residents have access to multiple courtyards, including: a pool courtyard includes cabanas, tanning shelves and an exercise area; music writing room; an acoustic stage courtyard with fire pits and full hookups for outdoor music performances; and courtyards with hammocks and grills. The clubhouse comes complete with golf simulator and entertainment kitchen, and the fitness center includes studio space and Mirror technology. Residents can also take advantage of a skylounge with expansive city views, a dog run, ChargePoint car chargers, work from home suites and Luxor package lockers.