WEST LAFAYETTE, IN – Muinzer, a privately held real estate investment firm founded by Marc Muinzer, alongside T2 Capital Management, announced the acquisition of Village West near Purdue University in West Lafayette, IN. The property is one of the largest student-housing assets in the nation totaling 1,134 beds underpinned by 22 acres of land. The asset is currently 100% leased and 100% pre-leased for August 2023.
“This transaction unlocks significant value and allows our original institutional equity partner to successfully exit. It also provided Muinzer with the opportunity to increase our ownership stake in Village West while continuing our onsite property management role. We look forward to continuing to create value while providing superior customer service,” said Marc Muinzer, Founder and CEO of his namesake firm. “Thank you to our incredible team, lenders, and investment partners. Even in an uncertain macroeconomic environment, we have successfully completed nearly $250 million of transactions thus far in 2023,” added Mr. Muinzer.
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. With our portfolio 100% leased and 100% pre-leased for August 2023, we continue to expand our team and acquisition goals. In 2023 and 2024 we are looking to acquire an additional $1 billion of student-housing assets near high-growth universities,” added Michael Snyder, COO of Muinzer.
Muinzer and its affiliate South Street Capital were founded by Marc Muinzer in 2002. With offices in Los Angeles, Knoxville, West Lafayette, and Chicago, Muinzer is one of the largest owners of student housing in the Big Ten and SEC Conferences.

NEW YORK, NY – Eyal Ofer’s new Columbus Circle Building at 1841 Broadway is now the first project in New York City to use the AI construction platform Buildots, developer Global Holdings Management Group and Buildots have announced.
The project is located just north of Columbus Circle, southwest of Central Park and adjacent to the Time Warner Center and the prestigious 15 Central Park West development, which was also led by Eyal Ofer’s Global Holdings. The 26-story, 298-ft.-tall building will include nearly 197,000 sq. ft. of residential space encompassing 123 housing units, as well as over 20,000 sq. ft. of commercial retail space.
After site data captured via helmet-mounted 360-degree cameras is automatically analyzed using proprietary AI algorithms, the platform provides the project management team with true-to-life progress reports supported by visuals. This leads to significantly improved efficiency in terms of costs, labor and management time, and resources.
The award-winning technology is currently being used on sites across North America, the UK, Europe and the Middle East by leading global construction firms including Sir Robert McAlpine, Lendlease, Build Group and EllisDon among others.
J.J. Ofer, CEO of Global Holdings Management Group (US), said, “Global Holdings has a strong pipeline of projects and we see the huge impact that Buildots has on efficiency and transparency in construction, which are critical factors that help us to maximize usage of our resources, minimize costs and speed up construction in a responsible way. The Buildots technology platform is used to fundamentally enhance our project management capabilities and we are excited to be working with the company and bringing this revolutionary technology to New York.”
The building, located at the corner of Broadway and West 60th Street, has been designed by INC Architecture & Design with SLCE Architects serving as the architect of record.
“We are thrilled to bring Buildots’ AI-based technology to New York City with the Columbus Circle Building project. Our platform offers full visibility and control on projects’ progress, enabling improved performance and efficiency, and we look forward to collaborating with Global Holdings Management Group and other leading developers on future projects in New York and beyond,” said Buildots CEO Roy Danon.

AUSTIN, TX – Wood Partners, a national leader in multifamily real estate development, announced, the grand opening of its latest luxury residential community, Alta Blue Goose in Austin, Texas.
Located at 8110 Blue Goose Road, Alta Blue Goose is positioned along Austin’s growing northern corridor and provides residents with easy access to the city’s leading retail, dining, and entertainment destinations via the 290 and 130 highways. Situated just south of Austin’s thriving tech corridor, the community places residents within minutes of the city’s leading employers including Dell, Samsung, Facebook, Tesla, GM, and The Home Depot. Alta Blue Goose is also adjacent to Wildhorse Ranch, a newly established master planned community, and the $880M transformation of Walter E. Long Metropolitan Park, home to hiking and biking trails, fishing piers, and picnic areas.
“Wood Partners is excited to officially welcome residents to Alta Blue Goose, which provides the perfect home location to those in the flourishing East Austin area,” said Bart Barrett, Managing Director for Wood Partners. “This is an exciting addition to our evolving Austin portfolio, and we look forward to continuing to expand our presence throughout the Central Texas region.”
Alta Blue Goose offers residents 300 apartment homes comprised of one-, two- and three-bedroom floor plans. Each home comes fully outfitted with luxurious urban accents and high-end finishes including granite countertops, 42-inch kitchen cabinets, stainless steel GE appliances, designer tile backsplashes, in-home washer and dryer sets, and vinyl plank flooring throughout the kitchen, living room and baths. Select units offer a smart technology package providing added connectivity and security for residents.
Outside their home, Alta Blue Goose residents can also enjoy a wide range of top-quality community amenities including a resort-style pool, an outdoor kitchen with grilling area, and an on-site dog park. Residents also have access to a clubroom area that features a state-of-the-art fitness center, business and conference spaces and ample entertainment areas. All common areas throughout the community will feature an urban design motif and will be equipped with high-speed internet hotspots to ensure no shortage of connectivity. Interior design for the property was completed by makrDESIGN.

GUILDERLAND, NY – The Apex at Crossgates, Guilderland’s newest multifamily apartment and townhome community, in the heart of the Capital Region, celebrated their groundbreaking ceremony.
Close to 100 attendees were on-site to celebrate this magnificent community. Local vendors including Fort Orange Brewing and RAD Soap were featured throughout the event, highlighting the Apex community-centered approach. Invitees also heard from special guest speakers including Capital Region Chamber Sr. VP of Community Advancement Pete Bardunias, The United Group of Companies Inc. EVP of Development Jeff Smetana, and The United Group of Companies Inc. President and CEO Michael Uccellini.
The Apex at Crossgates will feature a diverse selection of spacious one/two/three-bedroom floor plans plus 30 townhouse-style units, offering residents excellent options for luxurious worry-free living, as well as under-building secure parking. Serving as the central hub of the community will be an expansive clubhouse boasting amenities that include remote workspaces, premium golf simulator, social lounge, tech-driven package services, state-of-the art fitness center, yoga studio, game room with pool table and card table, dog park, pet grooming, pool, outdoor kitchen with grilling stations and multi-sport courts.
The spacious apartments will have nine-foot ceiling heights, luxury bathroom finishes, elegant kitchens with stainless appliances and quartz counter tops, designer fixtures, walk-in closets, large balconies, and so much more.
Development of this community will aid in serving the Capital Region’s diverse population with a variety of needs that center around seeking a living situation that perfectly combines luxury, convenience, and accessibility to everything that makes the Capital Region unique. This community will sit adjacent to Crossgates Mall, by way of a lit walking path allowing residents easy access to premier food, shopping, and entertainment options within minutes from home.
The United Group of Companies and United Development Corp are overseeing the development and construction of the community in conjunction with Trinity Building & Construction Management Corp, who will serve as general contractor. The construction period is expected to be approximately 24 months, commencing February 2023. The community is managed by United Plus Property Management.

SEATTLE, WA – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Sierra Sun in Puyallup, Washington. The property is located in Puyallup’s South Hill, a popular choice for Pierce County residents. The firm purchased the community in May 2014 and the sale closed on May 15, 2023.
During their ownership, Hamilton Zanze completed many successful renovations focused on making the property run more efficiently. These projects included unit renovations, landscaping, pool and spa repairs, amenity improvements, lighting enhancements, and the addition of a dog park.
“We are very pleased with the performance of Sierra Sun,” said Anthony Ly, senior director of dispositions at Hamilton Zanze. “The property experienced strong rent growth while also being a cost-effective alternative to other urban areas of Washington. Transacting in this current market is not without its challenges,” added Ly. “The Kidder Mathews team led a strong marketing effort which resulted in the selection of a very strong buyer that could navigate this market.”
Sierra Sun was built in 2003 and is located at 12415 172nd Street East in Puyallup. The property comprises 150 one-, two-, and three-bedroom units averaging 1,133 square feet. Unit amenities include maple cabinetry, electric fireplaces, kitchen islands, nine-foot ceilings, attached two-car garages, tile features, and designer accents. Community amenities feature a two swimming pools and spas, 24-hour fitness studio, spacious clubhouse with a koi fishpond, gourmet kitchen, coffee bistro, classic billiard room, business center, gazebo, and gated entry.
Sierra Sun is located in Puyallup, WA, on just over 14 acres, along Sunrise Boulevard East facing south with views of Mount Rainer, the highest peak in the Cascade Range. The community is approximately 10 miles east of Tacoma and 40 miles south of Seattle, providing access to major retail and employment centers. Sierra Sun is located near several of the Seattle/Tacoma metro’s largest economic drivers, such as Boeing, Starbucks, Amazon, and Microsoft. The Port of Seattle is one of the major gateways for trade with Asia and one of the top 10 largest ports in the United States.

CHARLOTTE, NC – Wood Partners, a national leader in multifamily real estate development, announced the official grand opening of its newest luxury residential community in Charlotte, North Carolina, Alta Filament, named after the site’s history in manufacturing lightbulbs.
Located at 525 E 21st Street in the city’s burgeoning North Davidson neighborhood (NoDa), Alta Filament offers residents easy access to the area’s growing list of local shops, restaurants, and nightlife options just a short walk from the property. The property also puts residents just steps away from the popular Charlotte Greenway Trail and 21-acre Cordelia Park, as well as the Blue Line and Optimist Food Hall all within minutes of the city’s Uptown district. In addition, Alta Filament’s prime location in NoDa offers residents direct access to several of Charlotte’s top employers within minutes of the property including Carolinas Healthcare System, Wells Fargo, Bank of America, Novant Health and Duke Energy.
“We are excited to bring a new level of luxury living to the Charlotte area as we officially turn the lights on to our newest apartment community, Alta Filament,” said Carter Siegel, Executive Managing Director for Wood Partners. “As our third property in the thriving NoDa submarket, we look forward to serving as a true partner for this unique Charlotte community as we welcome new residents to Alta Filament and the Wood Partners family.”
Alta Filament offers 352 apartment homes complete with one-, two- and three-bedroom floor plans, as well as 22 townhomes with private exterior entrances. The building’s design evokes an industrial, warehouse aesthetic harkening back to the site’s manufacturing history, and provides a sophisticated, urban feel with brick walls and straight lines throughout the property. Each home features sophisticated urban accents and high-end finishes including luxurious kitchens complete with white quartz countertops, classic white subway tile backsplash, frameless two-tone custom cabinetry, brushed nickel hardware, and stainless-steel GE appliances. Additional home features include contemporary regency grey wide-plank flooring, front-load washer and dryer sets, wood blinds and private patios, as well as built-in desks and drop stations in select homes.
Truly setting Alta Filament apart from the surrounding market is the community’s wide range of best-in-class amenities. Throughout the property, residents have access to a resort-style pool with cabanas and retractable canopies, an outdoor courtyard with hammocks, an outdoor kitchen, BBQ stations and firepits, a pet wash area, and a do-it-yourself bike repair shop. Inside the community club house, residents can enjoy the 24-hour fitness club with an attached outdoor body sculpt lawn, a fully equipped podcast studio, high-tech conference and multimedia rooms, the Exchange Club co-workspace and much more.

MIAMI, FL – GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of Advenir at Biscayne Shores, a garden-style community located in Miami, FL that will be rebranded as Windsor Biscayne Shores.
The 240-unit community features resort-style amenities, such as a clubhouse, pool, fitness center, playground, grilling areas, and dog park. Located across the Broad Causeway (123rd Street) from the Haulover Inlet and Beach Park, which provides residents with public beach access directly on the Atlantic within a 15-minute drive, the community provides walking access to Whole Foods Market, LA Fitness, Walgreens, Home Depot, and Starbucks.
GID plans to renovate the community and transform the resident experience through an updated fitness center, repainted exteriors and interiors, refreshed clubhouse and leasing center, and refurbishing the remaining residences with modern finishes.
GID is a leading real estate investment and management firm that operates a diverse portfolio of multifamily, industrial, and mixed-use developments across the United States. With over 60 years of experience across multiple asset classes, GID is an established real estate private equity investor and fiduciary supported by an integrated operating platform with approximately 53,000 multifamily units and over 27M square feet of industrial and commercial space of assets under management.

PHILADELPHIA, PA – Greystar and FCP announce the new riverfront Edgewater Phase II apartment community will wrap construction in the second quarter of 2023. The community was built using modular construction, which is a new method that is more sustainable with less material waste, energy consumption, and carbon footprint than conventional construction methods.
Additionally, modular construction results in better quality than conventional construction by providing: Superior acoustics due to the dual layer walls and ceiling/floors; Improved quality of finished apartment homes due to manufacturing in a controlled environment with integrated quality control; Better plumbing and mechanical systems that are more energy efficient.
“We’re excited for the completion of Edgewater Phase II,” said Nick Fontaine, Director of Real Estate at Greystar. “This community has a fantastic amenity package and an amazing riverfront location that is also minutes from the best restaurants, entertainment, shopping and culture that the city has to offer. It is a place that residents are going to love.”
“FCP is thrilled to enter the last phase of construction for Edgewater II, a modern and welcoming addition to the Edgewater community,” said FCP’s Ross Magette, Vice President of Development Management. “Utilizing a well-established and proven modular technology, residents in this building will enjoy quieter living in a high-quality building knowing that their homes were built with a minimal carbon footprint. Construction completion will represent the culmination of several years of work on this project with Alterra Property Group (APG), who led the sourcing of the modules and the execution of the construction. APG has been a longtime partner with FCP on several projects and we are excited to bring another one to fruition.”
Edgewater Phase II has 180 apartment homes available in studio, one- and two-bedroom floorplans that range from 435-1035 square feet with rents starting at $1,700 a month. Apartments feature an in-unit washer and dryer, dishwasher, quartz countertops, under-cabinet lighting, a tile backsplash, ample built-in storage/media cabinet, and an integral light vanity mirror.
Community amenities include a fitness center and yoga studio, courtyard pool, co-working lounge, billiards room, package locker, outdoor grill and lounge area, roof deck, business center, dog park, and a residence lounge with Wi-Fi. Edgewater Phase II has direct access to the Schuylkill River Trail which offers a variety of recreational opportunities and scenic vantage points.

FONTANA, CA – Wood Partners, a national leader in multifamily real estate development, announced it has officially broken ground on its newest residential community, Alta Fontana, in Fontana, California. With construction currently underway, the new community is expected to open in Summer 2025.
With the Inland Empire attracting numerous high-growth companies, Alta Fontana residents will have access to excellent employment opportunities within several major corporations, including, Kaiser Permanente, Target, Costco, Prologis, Amazon, UPS, QVC, and Cardinal Health. Located at 14817 Foothill Boulevard in Fontana, Alta Fontana’s prime location will put residents in close proximity to many of the area’s leading dining and retail destinations, including 1.5 million square-foot Victoria Gardens, which houses a wide variety of upscale shops, restaurants and entertainment spaces and Ontario Mills.
“We are thrilled to break ground in Fontana, fueled by our unwavering commitment to this dynamic region and the opportunity to fill a void in housing development,” said Joe Gambill, Managing Director at Wood Partners. “With our innovative approach and dedication to creating vibrant communities, we are excited to contribute to Fontana’s transformation and provide quality housing options that will enrich the lives of its residents.”
Once construction is complete, Alta Fontana will offer 344 apartment homes comprised of one-, two- and three-bedroom custom floor plans. Each residence will feature modern interior finishes complemented by high-end fixtures, including stainless steel appliances, granite countertops, designer tile backsplashes, wood-style flooring, and in-unit full-size washer and dryer sets.
The property’s five outdoor courtyards, each with a unique theme and purpose, will provide Alta Fontana residents access to an array of best-in-class amenities, including a resort-style swimming pool and spa, outdoor cooking stations and fire pit areas, a children’s play area, and ample outdoor seating. Residents will also have exclusive access to state-of-the-art indoor amenities, including a fitness center, business center, and club room.

RICHMOND, VA – Watercrest Senior Living Group and joint venture partner, Harbert Seniors Housing Fund II proudly announce the grand opening of Watercrest Richmond Assisted Living and Memory Care in Richmond, Virginia.
In late April, the first residents of the 98-unit luxury senior living community were welcomed to their new home with a red carpet roll-out and the Watercrest team cheering on their arrivals. More than 30 residents have already moved into the brand new community, with an additional 32 units pre-leased and a growing reservation list.
“In only a few short weeks, our first residents have already created strong bonds with each other and our associates,” says Marsha Sottung, Executive Director of Watercrest Richmond. “From art projects and flower arranging to spending lovely afternoons in the beautifully landscaped outdoor living spaces, we are overjoyed to see connections forming as our residents settle comfortably into their new home.”
Built by EMJ Corporation and financed by Trustmark Bank, Watercrest Richmond is a signature Watercrest product offering 76 assisted living and 22 memory care apartments with resort-style amenities and exceptional care. The architecture and design boast a stunning fountain and promenade, art studio with gallery, music room, fireplace, multiple dining venues, theater, salon and spa, and the charming atmosphere of Bogey’s Cigar and Scotch lounge.
“Watercrest Richmond is a spectacular community in a coveted location and we are thrilled to welcome our founding residents who have waited with great anticipation to call Watercrest Richmond their new home,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group.
Watercrest Richmond provides seniors a host of amenities purposefully designed to improve residents’ connectivity and interaction with nature. The design elements include a signature water wall, live moss walls, and expansive windows allowing abundant natural light. The community’s Southern style exterior gathering spaces and one-of-a-kind greenhouse offer opportunities for engagement and activity amongst the lushly landscaped grounds and illuminated walking paths. Additionally, residents may enjoy the coveted Spa W offering world-class wellness amenities including light and salt therapy, and a state-of-the-art fitness and physical therapy center.
Watercrest Richmond is conveniently located at 5250 Grandin Avenue in Moseley. Known as a top destination by Travel + Leisure, Richmond offers plentiful dining, entertainment and cultural venues, just minutes from the rolling hills of Virginia farms, gorgeous state parks, and charming wineries.