SAVANNAH, GA – Aventon Companies, a prominent, vertically integrated multifamily developer with active projects throughout the Mid-Atlantic and Southeast, announces its newest project, Aventon Victory in Savannah, Georgia. The community will be a 280-unit, four-story, Class-A development, located near the intersection of Victory Drive and Harry Truman Parkway, just two miles from historic Downtown Savannah and just two blocks from Daffin Park.
Spanning over 11 acres, Aventon Victory will offer one, two, and three-bedroom apartment homes outfitted with Aventon’s signature modern finishes and surrounded by first-class amenities. Inside, future tenants can look forward to a hospitality-inspired clubroom with an entertainment bar, billiards and shuffleboard, fireplace, remote working lounge, and state-of-the-art fitness center. Outside, the resort-style pool with outdoor lounge and festival lawn will be centered by a champion live oak tree for which Savannah is famous for. The pet-friendly community will also feature a pet spa and on-site dog park. Aventon Victory is within walking distance to high-quality retailers such as Whole Foods, and is just minutes from the expansive Daffin Park, home of the Savannah Bananas.
“Aventon Victory marks our third project in the state of Georgia and second in the Savannah market which continues to rapidly expand in terms of population and job growth, major contributors to its flourishing economy,” said Ron Perera, Senior Managing Director. “With Aventon Victory, we are thrilled to offer residents the opportunity to fully immerse themselves in this exciting and historic city at a reasonable price point.”
Aventon Victory’s buildings were designed by Watts Leaf Architects, with interior design curated by Alpharetta-based Studio 5 Interiors, Inc. Landscaping and hardscaping have been designed by Thomas & Hutton. The community is located at 2840 Wicklow Street, Savannah, GA 31404 and is expected to begin leasing in early 2024. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing over 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

ALBUQUERQUE, NM – Titan Development, Alliance Residential, RS21, and the City of Albuquerque announced a large-scale public mural on the eastern side of Broadstone Nob Hill, a multifamily property developed by Titan and Alliance at 4101 Central Avenue Northeast in Albuquerque’s East Nob Hill neighborhood. Based on a concept by Titan Development, the muralist Todd Hebenstreit has worked alongside Resilient Solutions 21 (“RS21”), a data science company that also specializes in design and visualization, to produce the city’s first augmented reality mural inspired by the historic Route 66 highway.
“We are thrilled that Titan’s Broadstone Nob Hill property will be the site of this future landmark mural in the heart of the historic Route 66 in East Nob Hill,” said Josh Rogers, Senior Vice President at Titan. “The original concept of the mural was to bring back some of the iconic feeling of the cars and neon signage that made Route 66 so unique, combined with state-of-the-art 3D and an augmented reality feature. We worked with the City of Albuquerque, the talented local muralist, and the great team at Resilient Solutions 21 to rekindle the Route 66 story for visitors and residents.”
“The City of Albuquerque’s Public Art Board has enthusiastically supported our community’s most cutting-edge public art opportunities and collaborations. This dynamic Route 66-themed mural that comes to life with augmented reality features is the first of its kind for our city and we’re excited to support more artists and technology partnerships to enliven our public spaces and corridors in the coming year,” said Sherri Brueggemann, Public Art Division Manager.
The mural is a combination of a painted 2D mural and an augmented reality (AR) 3D component. The 2D, 35 by 35-foot, 1,225 square-foot mural draws inspiration from the iconic Route 66, the two-lane highway connecting Chicago to Los Angeles whose landscape was once bustling with the sounds of V8 engines and illuminated by vibrant neon signs, symbols that continue to influence the artistic scene and heritage of Albuquerque, but in a neighborhood that may have lost this connection to its historic culture. Alongside elements that recognize the area’s Hispanic roots, Hebenstreit is creating a mural that vibrantly celebrates the city’s shared culture.
Superimposed 3D imagery viewable through a cell phone, tablet, or other electronic mobile device will bring the mural experience to life through Instagram and SnapChat. Vintage cars and neon signs will extend from the building in real time and headlights will “glow” at night, but without visibly disturbing nearby residents. Both an attractive and unique addition to East Nob Hill, Titan is supporting the mural as part of a continued effort to revitalize the neighborhood and promote walkability and safety, which public art has been shown to accomplish. With the 2D mural already underway, the 3D superimposed imagery is targeted to be completed in December 2022.
“We are delighted to be working alongside Titan, the City and Todd Hebenstreit to bring this iconic mural to life,” said Annemarie Henton, RS21 Director of State & Local Services. “It has been wonderful working with people who love Albuquerque as much as we do and who are committed to cultivating our community. We are excited for pedestrians to experience the sights and sounds of Route 66 as the city’s first augmented reality mural jumps off the wall.”
“I’m very honored to have been a part of designing this mural for Titan, Alliance, and the city of Albuquerque,” said Todd Hebenstreit, muralist. “There are many firsts with this mural, from the size and height to the AR component – the list goes on. This is not your average mural, and it has been a such a fascinating project.”

CHICAGO, IL – Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced the acquisition of Drexel Court & Lake Park East, a site project consisting of four multi-family buildings in Chicago’s Bronzeville neighborhood: 4420 S. Drexel Blvd, 4700 S. Drexel Blvd., 4530 S Drexel Blvd and 4725 S. Ingleside Ave.
The acquisition marks HVPG’s entrance into the Chicago market as part of a larger expansion to the Midwest beyond its footprint across the East Coast. The deal presents an opportunity for HVPG to improve and preserve 155 units of affordable housing while furthering its goal of uplifting and revitalizing communities through HVPG’s investments in high-quality, sustainable neighborhood assets.
“As a firm committed to ‘doing well by doing good’ across the nation, we are thrilled to expand our mission to the Midwest region,” said Jason Bordainick, co-founder and managing partner of Hudson Valley Property Group. “We look forward to working closely with the City of Chicago, HUD and the IHDA to bolster the city’s supply of quality, affordable housing in a time of increased demand.”
HVPG is planning an approximately $13.1M renovation at the Drexel Court & Lake Park East that will prioritize building modernization, high-end security, energy efficient upgrades and resident quality of life improvements with new common spaces including an outdoor picnic area and business center. To ensure long-term affordability for its residents, HVPG secured a new 20-year term HAP contract with U.S. Housing and Urban Development (HUD) as well as a new 30-year LIHTC regulatory agreement.
The project will be financed with equity from Hudson Valley Property Group’s latest fund, as well as 4% low-income housing tax credits and tax-exempt bonds through the Illinois Housing Development Authority (IHDA).

ORLANDO, FL – Mission Rock Residential, a Denver-based national property management company, has recently acquired a new management deal for the Regatta at Universal Apartment Homes. Mission Rock Residential was selected by the property’s new owners, an affiliate of Treeline Real Estate Partners LLC, to manage the 310-unit apartment home community.
Regatta at Universal is located near Universal Studios, southwest of the Orlando metro area. In addition to being conveniently located near Orlando’s most popular attractions, these pet-friendly, one- and two-bedroom apartment homes feature a home-like retreat feel with wood-style flooring, granite countertops, relaxing garden tubs, and private patios.
“We have truly enjoyed our growing relationship with Treeline Real Estate Partners, and we are excited to bring this proven partnership to the residents of the Regatta at Universal community,” said Meredith Wright, President of Mission Rock Residential.
The greenery-filled, gated community features a resort-inspired pool with an outdoor lounge, creating an atmosphere perfectly suited to the Florida environment. The apartment community offers detached garages, extra storage spaces, and guest suite rentals. Residents at the community also benefit from expanded lifestyle amenities like a game room, a coffee bar, and a 24-hour fitness center with a separate yoga room.
Orlando is known for its amusement parks, as it’s home to Disney World, Universal Studios, Sea World, and many more attractions. It’s also home to many corporations, which brings Orlando to the number two city in the country for job growth. Largely a town of renters, over 65% of the population currently living in the city occupy a rented space. These numbers are predicted to continuously increase, as Orlando’s population has increased by 25% in recent years, making it one of the top 5 fastest-growing cities in the country.

PHILADELPHIA, PA – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation s leading builder of luxury homes, along with joint venture partner Sundance Bay, and general contractor Clemens Construction Company, have topped out Broad & Noble, a new 18-story, 344-unit luxury mixed-use apartment community in Philadelphia, Pennsylvania.
Toll Brothers Apartment Living recently hosted a topping-out celebration at the property for its development partners, construction workers, and local officials. Broad & Noble s construction started in July 2021 and initial occupancy is anticipated in summer 2023. The project is being financed through a $100.2 million construction loan facility from Wells Fargo. The debt and equity were arranged by Toll Brothers in-house Finance Department. Toll Brothers Apartment Living will manage the development, marketing, and property management.
Toll Brothers Apartment Living is thrilled to develop Broad & Noble, our first luxury apartment community in Philadelphia, said Charles Elliott, President of Toll Brothers Apartment Living. We have developed for-sale residential communities here for decades, but Broad & Noble will be our first high-rise apartment community in the heart of the region where Toll Brothers was founded 55 years ago.
Designed by Barton Partners, a Philadelphia-based integrated design firm, Broad & Noble will offer a mix of studio, one-, and two-bedroom floor plans, and 44 penthouses ranging from studios to two bedrooms. The property features an underground access-controlled parking garage with 106 parking spaces, including EV (electric vehicle) charging stations, and bike storage.
Residences at Broad & Noble will feature high-end luxury finishes and more than 13,000 square feet of best-in-class indoor amenities, including a package concierge, a state-of-the-art fitness center, music, media, and podcasting rooms, a conservatory and private dining rooms, a yoga and cycling studio with video classes, a pet spa, a private storage area, a sky lounge with outdoor deck area and views of the Philadelphia skyline, and a landscaped plaza adjacent to 10,440 square feet of ground-floor retail space.
We are excited to partner with Sundance Bay and Wells Fargo on this landmark project for our company, said Bryan Oos, the Northeast Regional Director of Development and Acquisitions for Toll Brothers Apartment Living. We are also proud that Broad & Noble will introduce the elevated resident living experience we are known for nationwide to this energetic and evolving neighborhood.
Sundance Bay is looking forward to delivering this project to meet the needs of this rapidly growing and vibrant community, said Ryan Baughman, Partner and Senior Managing Director of Sundance Bay. We are grateful to be involved with such high-quality partners and have full confidence in Toll Brothers managing the project through successful completion.
Located at 435 N. Broad Street in the Loft District of the eclectic Callowhill neighborhood, Broad & Noble is situated on a one-acre site in the heart of the North Philadelphia submarket. Just a 10-minute walk to Philadelphia s City Hall and the Center City financial corridor, Broad & Noble is located only a few blocks from Spring Garden Station and the entrance of Philadelphia s Rail Park. With a WalkScore of 95 and a TransitScore of 100, Broad & Noble residents will enjoy convenient access to several award-winning restaurants and breweries, specialty grocers Whole Foods and Trader Joe s, upscale retail on Walnut and Chestnut Streets, and cultural arts destinations such as The Met Philadelphia. Located in an Opportunity Zone, Broad & Noble is one of several projects Toll Brothers Apartment Living is developing in Opportunity Zones nationwide.
In addition to its luxury apartment residences coming to Broad & Noble, Toll Brothers Apartment Living s Parc community is in nearby Plymouth Meeting. The community offers one- and two-bedroom apartments and features an 11,000 square foot clubhouse, luxurious amenities, and easy access to Interstate 476, Interstate 276, and Philadelphia. Toll Brothers Apartment Living is headquartered in nearby Fort Washington, Pennsylvania.

PHOENIX, AZ – FCP and joint venture partner Avanti Residential announced the $65 million acquisition of Omnia on Thomas, a 382-unit garden apartment community at 1645 E. Thomas Road in Phoenix, AZ. Omnia on Thomas represents FCP’s third multifamily investment in Phoenix and the second time partnering with Avanti after an initial joint venture in Colorado earlier this year.
“FCP is excited to expand our successful partnership with Avanti at Omnia on Thomas,” said FCP’s Bart Hurlbut. “Together, we will continue to invest in the property to improve the resident experience and the asset’s market position.”
“We are pleased to partner with FCP on this project and leverage our knowledge of the property and the local submarket,” said Christian Garner, CEO at Avanti Residential. “We view this as a unique opportunity to infuse new capital into the project and further enhance the resident experience at Omnia on Thomas.”
Capital One arranged Freddie Mac financing for the acquisition. “In continuing our relationship with FCP, we look forward to supporting this team as they focus on expanding their multifamily footprint in the Western U.S.,” said Jonathan Pratt, Senior Vice President of Agency Finance.
Omnia on Thomas features studio, one- and two-bedroom apartments featuring high ceilings, hardwood-style flooring, and large closets in a community with four swimming pools, a renovated fitness center, and a shady courtyard. The property is conveniently located adjacent to Phoenix Children’s Hospital, minutes to Sky Harbor Airport, the Biltmore Camelback Corridor, and Old Town Scottsdale with abundant local dining and shopping options.

MOBILE, AL – Carter Multifamily announced its acquisition of Astoria Apartments, a 252-unit community on Grelot Road in Mobile, Alabama. Built in 2001 and spanning 293,892 rentable square feet, Astoria offers well-designed one, two, and three-bedroom apartment homes.
The property is located in the Mobile Bay region, an outstanding location for residents given its access to downtown Mobile, employment drivers, and quality retail. The region is Alabama’s second largest metro area and a strong manufacturing hub with close proximity to the Port of Mobile and excellent connectivity to large rail, water, and interstate transportation systems. According to RealPage, over the past five years, the Mobile/Daphne market has experienced rent growth, limited new supply, and a healthy average apartment occupancy of 95.5%.
“We’re excited to continue to grow our footprint in a market supported by high growth fundamentals, favorable renter demographics, and limited new supply. We believe that Mobile will continue to fuel demand growth for high-quality, affordable multifamily housing and that Astoria will be a valuable addition to our real estate portfolio,” said Ray Hutchinson, chief investment officer of Carter Multifamily.
Property amenities include: a saltwater swimming pool with an outdoor kitchen, resident lounge with billiards, foosball and a coffee bar, and a remodeled clubhouse and wellness center. Carter Multifamily intends to execute a value-add strategy which will include operational improvements, upgrades to community amenities, interior unit renovations, and exterior plant improvements.

NASHVILLE, TN – Global real estate investment firm Northwood Investors announced its acquisition of Fifth + Broadway, a newly developed 6.2-acre mixed-use, open-air center. The property was developed and operated by Brookfield Properties, which completed construction in 2021. Northwood has purchased the property in its entirety, including its retail district, 501 Commerce office tower and The Place esidences, from a subsidiary of Brookfield.
As Northwood expands its footprint in Nashville with this prized entertainment complex, it looks forward to furthering Brookfield’s vision for the center. Northwood is well-positioned to take the reins in managing the project with its vertically integrated platforms and experience with retail and mixed-use assets. Most of Fifth + Broadway’s management team have transitioned to Northwood and will continue in their existing roles, bringing their strong local experience and knowledge to the property.
Northwood is already deeply involved in the Nashville market; this latest acquisition marks the fifth asset the firm has invested in within the city. Other properties include The Conrad hotel, Capital View apartments, the McEwen Northside mixed-use center and Franklin Park office towers.
“We feel that Fifth + Broadway’s energy and integration in the heart of downtown is unparalleled,” said Managing Director of Northwood Investors Erin Cannata. “As a mixed-use asset, all its elements work together cohesively, and Brookfield has done a phenomenal job with its development. Our Northwood management team is excited to carry on the torch, engage with the city, and partner with tenants like The National Museum of African American Music, Alliance Bernstein, The Twelve Thirty Club, Assembly Food Hall and more.”
Centrally located within Nashville’s vibrant urban core, Fifth + Broadway is one of the largest single-phase mixed-use developments in the history of the city and the state of Tennessee. The revolutionary downtown project, which replaced the 6.2-acre Nashville Convention Center site, delivers 250,000 square feet of strategically selected retail and entertainment, the 56,000-square-foot National Museum for African American Music, 367,000 square feet of Class-A office space at 501 Commerce, 381 residential units at The Place at Fifth + Broadway and more than 2,000 parking spaces. The project, which sees nearly five million annual visitors, was built for a post-COVID-19 world with outdoor space, accessibility, safety and parking in mind.
“We feel Nashville is a high-growth market, and one that we have been watching since 2011,” said President of Northwood Retail Ward Kampf. “It’s an ‘it’ city for business and entertainment and Fifth + Broadway epitomizes Nashville– a world-class, generational asset that draws locals and tourists alike. We believe the attention to detail, aesthetics and connectivity are unmatched, making it a transformative catalyst for the fabric of lower Broadway.”
Northwood is committed to the city of Nashville, which it values for its diversified economy, one-of-a-kind cultural authenticity, attractive cost of living, and premier talent base, which has transformed the city into a 24/7 destination. The firm looks forward to collaborating with the city, its retail and office tenants, and the National Museum for African American Music as it evolves this asset, which is seamlessly integrated into the streetscape and cultural heart of Downtown Nashville.
“Fifth + Broadway is a thriving mixed-use complex, and we are very proud of its development and success as a major destination in and economic driver for Nashville,” said Burgin Dossett, vice president of development for Brookfield Properties. “While Brookfield has successfully recapitalized the asset in line with its overall investment strategy, we remain very interested in Nashville and excited about its future.”

ASHBURN, VA – TGM announced the acquisition of TGM Moorefield, a garden and mid-rise style community with 413 apartment units and 30,000 square feet of retail in the Moorefield Station neighborhood of Ashburn, VA.
The community is minutes from the newly opened Ashburn Silver Line Metro station connecting this transit-oriented location to Dulles Airport, Reston, Herndon, Tysons & the heart of Washington D.C.TGM Moorefield, located in Loudon County was completed in 2009 and is sited on approximately 15 acres just north of Loudon County Parkway with its leasing office and clubhouse at 22555 Leanne Terrace. The property is on the southwest side of the Dulles Greenway (Rt. 267) and is bordered to the northeast by Ashburn proper, to the northwest and west by Brambleton and to the south by Loudoun Valley Estates.
Ashburn boasts an excellent live-work-play location as evidenced by its 2021 ranking as No. 5 on Money Magazines 50 Best Places to Live in the United States. The area has extensive parks, biking and walking trails and access to numerous outdoor recreational activities. The Ashburn public school system is highly ranked and the property is within walking distance of Moorefield Station Elementary School. Employment opportunities are abundant within the proximate and expanding Dulles Technology Corridor and Data Center Alley. TGM Moorefield is also near the regions other major employment centers including Dulles Airport, Reston, Herndon, Tysons, and Fairfax.
The design, layout and construction of the apartments are excellent with studio, one- two- and three-bedroom apartments. TGM will be renovating all apartment interiors with new kitchen cabinets, countertops, appliances, flooring, lighting, and hardware fixtures. Bathrooms will be renovated to match the finishes of the kitchen. Community amenities include a swimming pool with sundeck, landscaped courtyard with grilling areas, dog park, 24-hour fitness center, yoga studio, entertainment and game room and an outdoor veranda with lounge seating.
“TGM Moorefield presents a great opportunity to continue TGM’s expansion in the Northern Virginia region. The community boasts an outstanding location in the Moorefield Station neighborhood minutes from the newly opened Ashburn Silver Line Metro station. Ashburn and Loudon County are some of the top-ranked business communities in the United States with some of the most educated labor pools. The area continues to attract residents who are drawn to the abundant lifestyle conveniences and the overall high quality of living, said Zach Goldman, Managing Principal and Chief Operating Officer for TGM.
TGM Moorefield is managed by TGMs’ property management company, TGM Communities. Also owned and managed by TGM in the Maryland/Northern Virginia region are TGM Bull Run (Manassas, VA), TGM Ridge (Manassas, VA), TGM Sudley Crossing (Manassas, VA), TGM Odenton (Odenton, MD), and TGM Creekside Village (Glen Burnie, MD).
TGM Moorefield was marketed by Walter Coker and Brian Crivella of Berkadia Real Estate Advisors.

CHICAGO, IL – JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has acquired Seasons at Romeoville, a 240-unit luxury apartment community in the Chicago suburb of Romeoville, from Fiduciary Real Estate Development, Inc. JVM will rename the apartment community to The Bluffs.
“We are thrilled to add another best-in-class investment opportunity to our growing portfolio,” said Jay Madary, president and CEO of JVM Realty Corp. “The combination of luxury, style and convenience this property provides, along with JVM’s award-winning management team delivering a superior resident experience, positions the property to perform at a high level for years to come.”
Located at 501 S. Weber Road in the family-friendly village of Romeoville, The Bluffs was built in 2021 and offers layouts ranging from junior one-bedrooms to three-bedroom, two-bathroom apartment homes. Residents enjoy spacious units with private direct entries, designer-inspired contemporary finishes including stainless steel appliances, quartz countertops, plank-style flooring, walk-in closets, luxurious spa bathrooms with glass shower enclosures and full-size washers and dryers. Many apartment homes come with an attached garage and private patio or balcony.
Expansive community amenities complete the 21-acre site with a fully equipped 24-hour fitness center, clubhouse with caterer’s kitchen, a pool with sundeck, an outdoor living room with grilling stations and a fireplace and a dog park and pet washing area.
The property is in Will County, 45 minutes southwest from downtown Chicago and provides residents with immediate access to I-55 and I-80 industrial and job corridors as well as a multitude of dining, shopping and entertainment options. Will County’s employment base has expanded considerably over the past decade and continues to grow at a rate well above the state and national average with three state-ranked hospitals and notable employers including Amazon, Wayfair, FedEx, WeatherTech and Lewis University.
Fiduciary Real Estate Development has been an active seller this year. “We picked JVM as a buyer as we recently concluded a prior transaction with them with one of our Wisconsin properties,” said Steve Bersell, Chief Operating Officer of Fiduciary Real Estate Development. “Like our prior transaction with JVM, the Romeoville transaction went smoothly from offer to closing.”
The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Director Wick Kirby, Director Amanda Friant and Senior Director Kevin Girard.
“We are very thankful for the opportunity to work with Fiduciary on the disposition of this brand-new, best-in-class property in fast-growing Romeoville,” said Wick Kirby of JLL. “It was a pleasure to work with the JVM team and we have no doubt they will have great success with this fantastic acquisition.”
With this latest acquisition, JVM now owns and manages seven apartment communities in Illinois and 22 communities representing $1.6 billion in assets under management throughout the Midwest.