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.

CHARLOTTE, NC – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced that it is breaking ground on a brand new community in Rea Farms called Laurent.
“Laurent is going to bring a sophisticated and elevated experience that offers the true lifestyle comforts typically found in the hospitality industry,” said Mike Sullivan, Greystar Director of Development. “The location is fantastic as it sits within the Rea Farms suburban center, which features over 250,000 sq. ft. of convenient and walkable retail with the Laurent being seamlessly woven into the planned community park extension.”
Greystar overcame several challenges with this new development. The parcel was initially zoned for office space. In cooperation with Lincoln Harris, Greystar was able to successfully rezone the site to include apartments.
The community will have three- and four-story buildings and will feature a variety of spacious floor plans, including studio, one-, two- and three-bedroom apartments, as well as townhomes. Each apartment home will have high-quality finishes such as a luxury closet system and tile floors in the bathrooms. All corridors are air conditioned and will have elevators, an uncommon, but desired feature in three-story apartments. Laurent’s highlight will be a third-floor amenity terrace that will have views of the community park, as well as a robust social calendar geared toward enhancing the resident lifestyle experience.
Greystar selected architecture firm Dwell Design Studio, interior designer Cline Design and civil engineer and land planner Land Design to bring the vision for Laurent to life. Greystar’s internal construction team will be the general contractor. U.S. Bank is providing construction financing for the project. With the completion of Overture Providence in 2018, this will be Greystar’s second project within Rea Farms and Greystar’s 12th development in Charlotte. The community’s targeted completion date is early 2025, with pre-leasing beginning in the second half of 2024.

SHORELINE, WA – National multifamily real estate development leader Wood Partners and their capital partner, ParkProperty Capital, kicked off the official groundbreaking of its latest residential community, Alta North City, located just north of Seattle in Shoreline’s growing North City neighborhood. With construction on the project already underway, Alta North City is expected to open in mid-2025.
The forthcoming community will be situated less than 20 minutes north of downtown Seattle in the emerging suburb of Shoreline. With the development of Alta North City, Wood Partners aims to provide a true live, work, play community for residents with convenient access to the upcoming Link light rail stations, a variety of shopping options, restaurants, and parks just outside their doors. The property itself will include more than 4,000 square-feet of ground floor retail with outdoor plaza space.
“We are beyond excited to officially break ground on our newest mixed-use project, Alta North City, in the growing city of Shoreline, which we hope will provide the perfect balance of city and suburban living for our future residents,” said Michael Nagy, Managing Director at Wood Partners. “Alta North City highlights Wood Partners’ continued expansion within the Seattle marketplace, as well as the company’s dedication to providing the highest level of quality and sophistication for residents to enjoy.”
Once complete, Alta North City will offer 228 apartment homes comprised of studio, one- and two-bedroom custom-designed floorplans for residents to choose from. Throughout the community, each home will showcase a vibrant design aesthetic, complete with high-end fixtures and finishes for residents to enjoy. Key interior living features include stainless steel appliances, quartz countertops, chrome gooseneck faucets, and designer tile backsplashes and accents throughout. Additional home features will include wall-to-wall wood-style flooring, full size in-unit washer and dryer sets, spacious closets and balconies, and energy efficient heating and cooling. Outside their homes, residents will also have access to Alta North City’s array of attractive community amenities, including an impressive roof-top deck with beautiful views of the surrounding Puget Sound area. In addition, residents will enjoy the community’s custom-designed clubroom with co-working features, garden courtyard, and a 24/7 state-of-the-art fitness center.
“We are excited to partner again with such a high-quality developer in Wood Partners and grow our footprint in Seattle,” said Brendan Whalen, Managing Director of ParkProperty Capital. “This will be our second investment in Seattle where we see a lot of opportunity given the continued growth and high quality of life in the metro. This is also the ninth investment through our discretionary fund platform that has invested over $350M in equity over the past two years into similar development opportunities throughout the major markets in the U.S. Sunbelt and Pacific Northwest, so this is an important milestone for ParkProperty Capital on multiple fronts.”

ATLANTA, GA – ECI Group (ECI) with joint venture partner, The Griffin Fund, has launched pre-leasing at the newly developed, 300-unit, The Corwyn Conyers apartment community in Conyers, GA. Located at Courtesy Parkway and Old Covington Highway, and adjacent to over 1 million square feet of retail shopping options, The Corwyn Conyers is one of the first new apartment communities to be developed in the quickly growing Rockdale and Newton County submarkets in 20 years.
Apartments at The Corwyn Conyers will become available for move-in at the end of August with the expansive Clubhouse delivering in early August. Interested potential residents can explore unit availability and contact The Corwyn Conyers team for pre-leasing.
“ECI is thrilled to bring The Corwyn Conyers to fruition, offering modern, highly amenitized apartment living to this community for the first time in decades,” said ECI Group’s Jenny Halkos. “We are excited to celebrate the upcoming opening of this community with the City of Conyers and its residents through our support of the Red, White and Boom Independence Day festivities. We can’t think of a better way to support the City of Conyers as well as highlight the City’s unique charm and vibrant traditions.”
Conyers City Manager, Tony Lucas, added, “The City of Conyers welcomes ECI and the new residents of The Corwyn Conyers to our historic and expanding city. As job growth in our region continues at a strong pace, we need the type of quality, modern, and well-located housing ECI is bringing to Conyers. The Corwyn Conyers is beautifully designed with very appealing amenities and conveniences.

LAS VEGAS, NV – ARIVA Luxury Residences made its official debut in Las Vegas with its biggest grand opening celebration in company history. Located in the burgeoning south Las Vegas corridor on Las Vegas Boulevard near Cactus Avenue, hundreds of guests were treated to cocktails, succulent bites, enthralling entertainment and exciting interactive experiences throughout the evening.
“This is a monumental day for us to celebrate the grand opening of this beautiful property,” said Deb Kopolow, Senior Managing Director, Cushman & Wakefield. “The vision of ARIVA is to evoke relaxation and discerning California-style luxury, which is reflected through the community’s amenities and events. ARIVA is a place where you can truly live, work, and play. It’s more than just a residential community; ARIVA is a lifestyle.”
Guests and residents alike experienced the plentiful amenities of the hip property, including nine indoor and outdoor resident lounges, resort-style pools and spas, a lap pool, a zen garden, ideal for meditation, adjacent to a luxe yoga and pilates studio, a large state-of-the-art fitness center, a screening room with an entertainment bar and fire pits complemented by bistro-style lighting for socializing. Adorned with lush greenery throughout the property, ARIVA provides an oasis to residents who are seeking a home close to all of the exciting action of the Strip, but also a place to escape the hustle and bustle of city life.
Excitement was in the air as a sneak preview of Otium at ARIVA was also revealed. Breaking ground later this year, the adjacent property will include a carefully curated selection of restaurants, retail stores, and an entertainment component where events, festivals and live music will be hosted. It will become a destination for the community and a walkable amenity for residents.
ARIVA presents breathtaking units, including one-, two-, and three-bedroom residences, each equipped with high-end appliances complemented by contemporary color palettes and designer-curated finishes to provide an exquisite blend of style and comfort in one space.

DAVENPORT, FL – First National Realty Partners (FNRP) a premier commercial real estate private equity firm, announced the addition of Champion Townhomes in Davenport, FL to its necessity-based portfolio. The acquisition of Champion Townhomes is a part of the firm’s continuous strategic expansion in the necessity-based commercial real estate sector.
Champion Townhomes, a newly built multi-family property located near Orlando, FL, offers 132 units designed for comfortable living. These spacious units primarily consist of two and three bedrooms, boasting exceptional finishes such as granite countertops, stylish wood/tile flooring, top-quality chef-inspired kitchens with modern cabinets, double sink vanities, and energy-saving double-pane windows. The property also provides a range of amenities for residents to enjoy, including a refreshing pool, a convenient dog park, in-unit washer/dryer facilities, and personal garage space.
“We believe that multi-family has remained a durable investment in periods of economic uncertainty,” said& Eduardo Viesca. “Due to an increase in home prices and interest rates, home ownership is not an option for many, leaving them searching for affordable housing options like Champion Townhomes. This along with the area’s strong market and affluent demographics make it an attractive investment.”
Located just 40 miles from Orlando and 16 miles from Winter Haven, the asset benefits from a growing population. From 2010 to 2020, the area’s average population growth increased by 13.5%. It is strategically located near top employers and attractions such as Walt Disney World and other Florida theme parks, AdventHealth, Publix, and more. Within a five-mile radius of the property, the average household income is $51,000. The deal was co-sponsored by Southport Financial.

PORTLAND, OR – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Modera Morrison, a luxury mixed-use community situated in ;Portland’s emerging Central Eastside.
The community, which features 247 contemporary apartment homes and nearly 11,000 square feet of ground-level retail space, is located between Southeast Belmont Street and Southeast Morrison Street, two of the primary gateways to nearby downtown Portland. The site boasts a superb Walk Score of 96 and Bike Score of 97, as residents will be surrounded by a variety of local brewpubs, retail outlets, restaurants and employment opportunities. First move-ins are slated for the end of the month.
“The Central Eastside continues to emerge as a preferred living destination thanks to its pedestrian-friendly vibe and charming mix of local attractions,” said Sam Rodriguez, senior managing director of development for Mill Creek Residential. “We look forward to welcoming our first residents to Modera Morrison and are eager to offer a genuinely unique living experience in one of the hippest subdistricts in the country.”
Situated at 1120 SE Morrison Street, Modera Morrison is a seven-story podium structure that has been built to and is pursuing LEED Silver certification standards. The prime location is within walking distance of the Oregon Convention Center, Moda Center (home of the NBA’s Portland Trail Blazers) and Revolution Hall, a venerable concert venue that features an expansive public dog park. Popular breweries Cascade Brewing Barrel House and Rogue Eastside Pub highlight the eclectic local scene, and residents will also have expedient access to the recreational opportunities contained within Colonel Summers Park, Laurelhurst Park and the Eastbank Esplanade.
Modera Morrison offers studio, one-, two- and three- bedroom apartment homes with private balconies and den layouts available. Community amenities include co-working space and a coffee bar in the resident lobby, VR gaming lounge, theater room, outdoor rooftop deck with panoramic views, rooftop bistro and mixology lounge, lush courtyards, yoga and Pilates studio and a club-quality fitness studio featuring a TRX system, free weights and cardio equipment. The community also features an onsite pet spa, private garage with controlled-access parking, dedicated bike storage and digital package lockers.
Apartment interiors include nine-foot ceilings, stainless steel Energy Star appliances, quartz countertops, tile backsplashes, heating and air conditioning with programmable thermostats, in-home washers and dryers, smart entry locks and oversized windows for ample natural light. Designer bathrooms feature quartz countertops and backlit mirrors.