TALLAHASSEE, FL – Portman, 908 Group, Canyon Partners Real Estate LLC and PTM Partners have announced the formation of a new joint venture to develop a student housing project on the Florida State University campus across from Legacy Hall, the future home for the FSU College of Business, currently under construction with completion scheduled for spring 2026. The joint venture secured a $73.3 million senior construction loan from Pacific Life Insurance Company.
The Hall is a Class-A student housing project located in a qualified opportunity zone. It will feature 191-units and 674 beds across two mid-rise buildings, with 452 parking spaces and 7,689 square feet of ground floor retail. The General Contractor is FavorGray. Construction is expected to be completed prior to the start of the 2026-2027 academic year.
The Hall will bring a luxury residential experience immersed within the FSU campus, with amenities including a rooftop pool, high-speed Wi-Fi, and a state-of-the-art fitness center. Residents will benefit from immediate proximity to the new Legacy Hall of Business facility, expected to be the largest academic space on campus. The Hall is also a 10-minute walk from FSU’s main campus, and central to a variety of key retail offerings including restaurants and fitness studios.
“Today’s students expect the best in their living experience, and Portman has a proven track record of delivering top-of-the-line residential communities that do just that,” said Portman Senior Vice President Rodney King. “We are entering the market with a solid deal to deliver a high-quality student housing project at one of the southeast’s most prominent college campuses. We are bullish on student housing and are currently pursuing several deals at top-tier universities that will break ground in 2025.”

PALMETTO, FL – Venterra Realty recently acquired Trevesta Place Apartments located in Palmetto, Florida. The 256-unit multi-family community in Palmetto is well located near the intersection of Interstate-75 and Interstate-275 in a growth corridor of the Sarasota market in Manatee County with easy access to St. Petersburg, Bradenton, and Sarasota.
The property consists of four-story residential buildings, each with interior corridors and elevator access, and offers studio, one, two, and three-bedroom apartments. All apartments feature spacious, open floorplans with high-end interior finishes including stainless steel appliances, granite countertops, full-size washers and dryers, mud rooms, and oversized closets.
Trevesta Place Apartments provide renters with access to a resort-style pool area with a grilling area, a state-of-the-art fitness center and yoga space, a resident lounge, and EV charging stations. Residents with pets can welcome up to 3 pets per apartment, with no weight limit, as well as access to the onsite Bark Park.
Venterra will implement its resident-focused programs such as the Live it. Love it. Guarantee.TM, the 48-Hour Maintenance Guarantee, and SMARTLEASING.
“We have seen excellent growth in the Sarasota market and are excited to expand our Florida portfolio into Palmetto with the addition of the amenity-rich property Trevesta Place Apartments,” said John Foresi, CEO of Venterra Realty.
“Venterra has become known as a company that is committed to providing a market-leading living experience, and we look forward to identifying opportunities to further enhance the standard of living at Trevesta Place Apartments by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

FRISCO, TX – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, in partnership with Equity Residential, announced the opening of Remy. Located at 5775 Blairview Street in Frisco, Texas, this new community features 357 refined studio, one-, and two-bedroom apartment residences. Remy s construction commenced in 2022 and was financed by a $55.6 million construction loan from Santander Bank, N.A.
The apartment residences at Remy feature an elevated contemporary design with sophisticated features and finishes. The kitchens include islands with decorative pendant lighting, quartz countertops, stainless steel appliances, and modern flat panel cabinetry. Residents will find impeccably designed living spaces, with such features as luxury hardwood-style flooring, plush textured bedroom carpeting, and oversized closets. Each home is complete with smart home technology, including keyless entry, smart thermostats, and in-residence Wi-Fi. In addition, select residences also include private balconies, patios, or fenced-in yards.
Remy s amenities were designed with intention, fostering a comfortable and inviting community where it s easy to make neighborly connections. Outdoor amenities include a resort-style swimming pool with a sundeck, as well as a courtyard with grilling stations, an entertainment kitchen, hammocks, and fountains. The sky lounge and terrace offer ample space for gathering, including seating around the firepit. Inside, residents can find focus in the communal and private coworking spaces, relax in the game lounge over a game of billiards, or host a movie night in the theater room. The expansive two-story fitness center includes state-of-the-art equipment, a yoga room, and an indoor cycling area on the mezzanine. The community also features EV charging stations in the parking garage.
We re excited to announce the opening of Remy, Toll Brothers Apartment Living s newest community in Frisco, and another successful project with Equity Residential, said John McCullough, President of Toll Brothers Apartment Living. Remy s exceptional design, as well as its ideal location close to Frisco Square, speaks to our commitment to building elevated luxury communities in vibrant locations positioned for continued growth.
Remy is located steps from the best of Frisco Square. Residents can explore the diverse selection of restaurants, cafes, shops, and more in this highly walkable neighborhood, as well as appealing green spaces. Those looking to commute into Dallas or experience the entertainment destinations of the greater metropolitan area can do so with easy access to the Dallas North Tollway.
From its refined apartment homes to its versatile suite of amenities, Remy raises the bar for luxury living in Frisco, said Tommy Rhodus, Managing Director of Toll Brothers Apartment Living in the Central region. Residents will experience an exceptional community close to the best of this fast-growing neighborhood, with the major attractions of Dallas within reach.

NASHVILLE, TN – Nationwide multifamily investor and operator, Avanti Residential announced the acquisition of lakefront property, The Residence at Old Hickory Lake, a 116-unit Class A multifamily property in the Nashville metropolitan area. This community completed construction in 2018, and it marks Avanti’s entry into the Nashville market.
The Residence at Old Hickory Lake features a range of living options including 1-, 2- and 3-bedroom layouts. The property offers residents luxury living with 9-foot ceilings, floor-to-ceiling windows and gourmet kitchens in each unit. The property also features a resort-inspired saltwater pool, fire pit and 24-hour fitness center for residents to enjoy.
“Nashville’s dynamic real estate market aligns perfectly with our company’s vision for sustainable growth,” said Christian Garner, president and CEO of Avanti Residential. “We’re committed to enhancing the greater Nashville area with modern, well-managed apartment communities that meet the needs of both new and existing residents.”
The Residence at Old Hickory Lake is at 2401 Lakeshore Drive 15 miles from Downtown Nashville. The vibrant Old Hickory neighborhood features small-town charm and natural beauty. Residents are steps away from Old Hickory Lake, Blue Turtle Bay Marina as well as local restaurants, coffee shops, hiking trails and parks. Old Hickory and northeast Nashville are poised for growth as the city continues to drive progress in technology, sports, music and entertainment.
“We believe The Residence at Old Hickory Lake is well-positioned to outperform the local market into the foreseeable future,” said Peter Partipilo, director of acquisitions. “Given the solid area fundamentals and continuing absorption of the region’s recently delivered new multifamily product, we expect an opportunity to expand further in the Nashville market.”
Avanti Residential purchased the property from Arnold Companies, a private non-merchant developer.
“Avanti is a pleasure to work with,” said the sale representative at Arnold Companies, Ben Arnold. “We wish them well with their new acquisition.”
Avanti Residential owns and operates over 9,000 apartment units in eight states and is continuing to grow in the Southeast United States. Given its significant expansion in Kansas City and Florida, Avanti Residential is anticipated to continue property acquisition efforts in the region. The organization continues to acquire apartment projects on behalf of its institutional and private capital partners.

JACKSONVILLE, FL – FaverGray announced the successful completion and delivery of The Aston at Town Center, a luxurious multifamily community situated on approximately 4.6 acres near The Saint Johns Town Center in Jacksonville, Florida.
The Aston at Town Center has quickly become a distinguished addition to Jacksonville, offering a living experience that combines modern luxury and walkability. With its prime location and top-notch amenities, the community is poised to set new standards for upscale apartment living in the area.
Spanning an impressive 502,681 square feet, the community consists of a five-story building and six-story parking garage. The community offers a variety of amenities to enhance residents’ daily lives, including a clubhouse that serves as a hub for fitness and recreation, a serene courtyard, a dog park, and a pool with the aesthetic of a luxurious resort.
The construction of the community showcases FaverGray’s expertise, with a wood frame structure adorned with brick, fiber cement trim, stucco, and metal panel exterior façade. The building slabs are constructed using post-tensioned concrete on grade, with two levels of post-tension concrete podium at the clubhouse.
“It is with great honor that we announce the completion of The Aston at Town Center,” expressed Ben Hinson, Executive Vice President of FaverGray, highlighting our dedication to delivering exceptional construction projects tailored to the specific needs of developers and owner/operators. “Through this achievement, we aim to establish new standards for quality within the multifamily industry,” added Hinson.
“We take immense pride in the hard work and dedication of our team that brought The Aston at Town Center to fruition,” stated John Kitchens, Division Leader of FaverGray. “Their commitment to excellence and meticulous attention to detail not only ensured the timely delivery of this project but also exemplify our unwavering dedication to exceeding the expectations of developers and owner/operators, thus setting a definitive standard of quality and reliability in the construction industry,” shared Kitchens.

POOLER, GA – Venterra Realty recently acquired the Botanic Luxury Apartments community located in Pooler, Georgia. The 391-unit multi-family community is well located just minutes from Savannah, in the fast-growing suburb of Pooler, Georgia, with easy access to the Pooler Parkway and I-95.
The property consists of three midrise-style buildings, each with elevator access, and 11 buildings containing townhome or “Big House” units that have ground floor access and attached garages. All apartments feature high-end interior finishes including stainless steel appliances, quartz countertops, garden tubs, full-size washers and dryers, and oversized closets. Some apartments offer a kitchen island, attached garage, double-sink vanities, and built-in desks.
Botanic Luxury Apartments provide renters with access to a resort-style pool area with a cabana, sun shelf, grilling area, two-story fitness center, and yoga space, elevator service, resident lounge, private offices, and EV charging stations. Residents with pets can welcome up to 3 pets per apartment, with no weight limit, as well as enjoy access to the bark park and paw spa.
Nestled among the region’s leading employers and educational institutions, Botanic Luxury Apartments offers access to Savannah-Chatham County Public School Systems, Georgia Tech Savannah, Gulfstream Aerospace Corporation, and other notable organizations. Additionally, the location is a stone’s throw from vibrant dining, premier shopping, and exciting entertainment venues, including downtown Savannah, Tanger Outlets, and various recreational spots. Venterra will implement its resident-focused programs such as the Live it. Love it. Guarantee, the 48-Hour Maintenance Guarantee, and SMARTLEASING™.
“The acquisition of Botanic Luxury Apartments marks a significant achievement for Venterra that is worth celebrating. As our first acquisition in the Savannah market, Venterra now has assets in 20 different metro areas across the country,” said John Foresi, CEO of Venterra Realty. “Venterra has become known as a company that is committed to providing a market-leading living experience, and we look forward to identifying opportunities to further grow our presence in new markets and enhance the standard of living at Botanic Luxury Apartments by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

AUSTIN, TX – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with PointOne Holdings and the Travis County Facilities Corporation (TCFC), announced the groundbreaking of a 328-unit mixed-income multifamily development in Austin, Texas. Half of the units will be reserved for residents earning between 60 to 80 percent of the Area Median Income (AMI).
This development is a testament to our commitment to create inclusive housing communities where residents of all income levels can thrive, said Max Whipple, Vice President of Development at The NRP Group. As we celebrate our 30th anniversary and the delivery of our 30,000th housing unit in Texas, East Austin s Ross Road development will provide the local workforce with the opportunity to affordably live in the vibrant community where they work.
Ross Road meets the neighborhood s growing demand for quality, accessible housing for essential workers, young professionals and growing families. It features an assortment of one-, and two-bedroom apartments with high-end finishes. With close proximity to Highway 71 and the 130 tollway, Ross Road provides quick access to employment hubs in East Austin and a 20-minute drive to the city s downtown.
We are thrilled to partner with The NRP Group on this project to provide much-needed housing in East Austin, said Ben Colonomos, Principal of PointOne Holdings. This development will significantly enhance the rapidly expanding neighborhood, providing residents with a best-in-market living experience and a wide range of community-focused and thoughtfully designed amenities.
Designed by architecture firm Lord Aeck Sargent, Ross Road is a 4-story development with a unique covered parking structure to maximize outdoor space. Half of the 16.5-acre site will be dedicated to greenspace and outdoor amenities, including a primary courtyard with a resort-style pool, cabanas and outdoor games like ping pong and corn hole. Additionally, there are two landscaped courtyards and a dog park overlooking the greenbelt to the East.
For remote workers and students, the development offers coworking spaces with multiple meeting and conference rooms. The community also includes a double-height lobby and state-of-the-art fitness center, and a community chef s kitchen for social gatherings.
This development aligns perfectly with our mission to support the development of high-quality housing in Travis County, said Patrick Howard, Executive Director of TCFC. We are proud to be part of an initiative that delivers accessible housing to the region s growing workforce.
Austin remains a priority market for The NRP Group. Two recently delivered mixed-income communities in the area include The Markson, with 330 units, and Station42 with 368 units.
Construction of Ross Road is already underway. The community is expected to deliver in 2026.

DALLAS, TX – Waterford Property Company, in a joint venture with The Vistria Group, announced the acquisition of a 299-unit garden style class A multifamily community located at 2400 Fort Worth Avenue in Dallas.
The joint venture purchased the property, called Axis Kessler Park, in partnership with the City of Dallas Housing Finance Corporation (“DHFC”), for $67 million from the undisclosed seller. With this acquisition, the owners will immediately restrict rents for new qualified residents, converting the property into essential workforce housing.
“We are thrilled to partner with the City of Dallas and Waterford on another housing community,” said Michael Shaid, Vice President of Real Estate at The Vistria Group. “It is core to our investing and impact philosophy to create more affordable housing, building more resilient households and vibrant communities. Axis Kessler Parkwill add high quality affordable options for those who live, work, and play in Dallas.”
The property will provide a much-needed mixed income housing solution for the community. A majority of the units will be converted to essential housing for residents who make 60 to 140 percent of the Area Median Income (“AMI”). Ten percent of the units will be dedicated to residents who make 60 percent of AMI, 41 percent of the units will be dedicated to 80 percent AMI, 39 percent of the units will be dedicated to 140 percent AMI and the balance of units will remain at market rent.
“This is Waterford’s second multifamily acquisition in Dallas. Through this acquisition, Waterford is continuing its mission to pursue innovative essential housing solutions for the region,” said Sean Rawson, Co-Founder of Waterford.
Axis Kessler Park consists of large one-, two- and three-bedroom units. The property offers amenities that include a clubhouse, fitness center, business center, dog park, private garages, resort-style pool, and storage units. The community is located within the suburban neighborhood of Kessler in Dallas, strategically positioned between the thriving Bishop Arts District and Trinity Groves. These districts boast a vibrant urban community offering convenient access to retail outlets, dining establishments, and recreational facilities.
“With rents in Dallas up almost over 20% since the pandemic began, it’s more important than ever to figure out ways to help create more affordable housing for essential workers in the area. We are proud of our public private partnership with the DHFC in creating this increasingly needed housing option,” said John Drachman, Co-Founder of Waterford.
The property primarily houses middle-income workers with the Dallas Independent School District as the top employer of property residents. Occupations for tenants at the property include healthcare and medical workers, education training and librarians, and management.
Earlier this year, Waterford, The Vistria Group, and Northern Liberties, in partnership with DHFC, acquired Domain at Midtown Park, a 395-unit class A multifamily community located at 8169 Midtown Boulevard in Dallas to convert to essential housing.
Debt for the acquisition was handled by Freddie Mac through Walker & Dunlop. John Makus of CBRE represented the seller. Greystar will be the onsite property management team.

CHARLESTON, SC – A joint venture between Blaze Capital Partners and Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, announced the acquisition of The Aspens Verdae, a 159-unit active adult community located in Greenville, South Carolina.
“The acquisition of The Aspens Verdae represents our commitment to both growing our active adult portfolio and deepening our strategic presence in the Greenville market,” said Chris Riley, co­founder and managing partner of Blaze. “The 55+ housing segment stands to benefit from exceptional fundamentals as Baby Boomers continue to seek more attractive forms of housing that offer a compelling alternative to traditional homeownership.”
The Aspens Verdae is a luxury active adult community built in 2022 within the Verdae Master Plan, conveniently located just fifteen minutes from downtown Greenville and providing residents with access to a wide array of activities, restaurants, and shopping. The property is adjacent to the Preserve at Verdae Golf Club and a short distance from Swamp Rabbit Trail, a 28-mile multi-use greenway that follows the Reedy River.
The Aspens Verdae provides residents with comprehensive programming ranging from fitness classes to group activities, as well as a variety of social events and gatherings. The property offers several leading amenities, including an outdoor heated pool, fitness center and yoga studio, art room, movie theater, and resident lounges. Units span a variety of one- and two-bedroom floorplans and feature luxury vinyl plank flooring, granite countertops, stainless steel appliances, walk-in showers, and full size washers and dryers.
“Our acquisition activity has increased over recent months as we have begun to find more compelling investment opportunities that align well with our focus of generating attractive returns to our investors by delivering exceptional living experiences to our residents,” added Eddy O’Brien, co-founder and managing partner of Blaze. “We have been and will continue to be one of the most active buyers in the active adult segment building off our experience and long-history in the space.”
“Greenville’s strong demographics and notable supply constraints align with our thematic investing approach around differentiated opportunities for accessing demographic shifts occurring in the U.S.,” said Eric Shepsman, Managing Director, Real Estate Americas, at Partners Group. “Blaze’s expertise in the active adult space and investment approach aligns with our view on driving additional value through transformational business plans. Blaze has been an excellent partner to work with and we look forward to executing our business plan.”

SAN DIEGO, CA – Virtú Investments, a multifamily real estate investment firm primarily engaged in the acquisition and management of apartment properties in the western United States, announced it has acquired ALX, a 313-unit multifamily property in San Diego, CA.
Virtú sees San Diego as an ideal location for investment based on the city s limited housing supply and current property valuations that have fallen to a low point from their 2021 peak. The acquisition of ALX further strengthens Virtú s position in Southern California. The San Diego market is expected to see strong rent growth over the next decade, driven by both growing demand and supply constraints, as rising construction costs greatly reduce the economic viability of new multifamily developments.
The San Diego market is a great example of what we look for when considering new properties – a popular city with low apartment supply, increasing renter demand, and valuations well below their peak, said Michael Green, CEO and Founding Partner of Virtú Investments. The acquisition of ALX perfectly aligns with this focus, and we look forward to building on this strategy through similar transactions in the near future.
Located in the heart of San Diego s Ballpark District neighborhood, ALX provides residents with easy, walkable access to the most vibrant areas of the city. The luxury highrise offers a range of amenities including a rooftop saltwater zero-edge pool and spa, a state-of-the-art fitness center, and game room.
Virtú acquired ALX primarily through the Virtú Evergreen Fund, an open-end fund launched in 2015 for generational ownership, long-term compounding, extreme tax efficiency and flexible liquidity. The Fund, which recently announced its reopening to new commitments, is designed to take advantage of 1031 Exchanges within the Fund to perpetually defer taxes on gains and cashflow. The Evergreen Fund is a key strategy within the Virtú platform, which has owned and operated 23,000 apartments across 33 markets and realized a Net IRR of 19.4% over 26 years.