MIAMI, FL – Related Group, an internationally celebrated leader in urban development, and Rockpoint, a Boston-based real estate private equity firm, announced the completion of The Highley House, an exclusive, mixed-use haven nestled in the heart of Miami s vibrant Wynwood Arts District. Comprising 304 meticulously designed residences, more than 72,000 square feet of Class A office space, and 18,000 square feet of retail, the two-tower property blends the neighborhood s infectious creative energy with a sophisticated, private club-inspired lifestyle. Leasing is now underway.
Named after Locke T. Highleyman – the visionary behind iconic developments like Hibiscus and Palm Islands and the judge responsible for christening the area as Wyndwood in 1917 (later streamlined to Wynwood) – The Highley House is a love letter to the Magic City.
This is our tribute to Wynwood and Downtown Miami, said Jon Paul Pérez, President of Related. Inspired by one of Miami s visionaries, this community captures the city s vibrant energy and pairs it with striking design and exceptional amenities. The result is Wynwood s ultimate live-work experience. We re proud to once again break the mold and set a new standard for mixed-use development.
The Highley House is where bold design meets indulgent living, offering a hand-crafted mix of elevated style and indulgent experiences. At its core is a dazzling rooftop oasis, complete with a shimmering pool overlooking the Miami skyline, a summer kitchen and grill, a sleek bar, and a Sky Lounge perfect for sunsets and celebrations.
For those with a flair for entertaining, the property delivers with a refined private dining and wine room, as well as an intimate private cinema and media lounge. Wellness enthusiasts will revel in the cutting-edge fitness center, equipped with sleek NOHRD equipment and a tranquil yoga studio featuring FORME mirrors. For those seeking ultimate relaxation, the spa invites with a sauna, steam room, cold plunge, and custom treatment suites that promise to soothe the senses.
The surprises don t stop there. The building s one-of-a-kind creator studio awaits the visionaries—whether podcasters, musicians, or influencers—while the game room beckons with an extensive lineup of a golf simulator, air hockey, ping pong, shuffleboard, and billiards.
In true Related fashion, art takes center stage. The property boasts a museum-quality collection curated by the masterminds behind the Jorge M. Pérez Contemporary Art Collection. Among the treasures are vibrant murals by Chase Melendez and Joe Geis, mesmerizing light installations by David Guinn, and whimsical sculptures by the celebrated Ken Kelleher, ensuring every corner of The Highley House feels like a gallery-worthy moment.
Everyday convenience meets elevated living with features like on-site EV charging stations, private resident storage, automated package concierge, and tech-forward co-working spaces designed to make life effortless and extraordinary.
The Highley House offers a variety of layouts to suit every lifestyle, from stylish studios to expansive three-bedroom sanctuaries. Each residence exudes effortless elegance, featuring floor-to-ceiling windows, soaring ceilings, and luxe tile flooring that sets the stage for modern living. The heart of the home, the designer kitchen, is a masterclass in sophistication with imported Italian cabinetry, sleek natural quartz countertops, and premium Samsung appliances ready to inspire culinary creations. The indulgence continues in the bedrooms, where spacious walk-in closets meet serene primary bathrooms, creating a retreat that s as functional as it is chic. All homes are outfitted with Nest by Google thermostats and Latch keyless entry systems, seamlessly blending technology and convenience for a truly elevated experience.
Located at the epicenter of Miami s vibrant art scene, Wynwood is now among the fastest-growing residential markets in the Greater Miami area, with easy access to some of the city s best restaurants, craft breweries, shops, and entertainment venues. With an abundance of world-renowned murals by artists, 70+ art galleries, and boutiques, Wynwood has its finger on the pulse of the art world and the thriving tech scene. With a prime location directly on Wynwood s primary artery, The Highley is conveniently located within walking distance of Wynwood Walls, Wynwood Yards, and The Design District. Additionally, Miami Beach, Downtown Miami, and Miami s International Airport (MIA) are all reachable within a 10-minute drive.

RESTON, VA – Comstock Holding Companies, a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region, announced that it is partnering with SCG Development Holdings to form a joint venture that will develop an affordable housing project located on land currently owned by Comstock at 41 Maryland Avenue in Rockville, Maryland. The property, located adjacent to Metro s Rockville Station on the Red Line, will be branded as Momentum @ Rockville Station and is slated to deliver well over 100 affordable housing units to the community.
The City of Rockville is working to expand housing options to help support the everyday heroes of our community, including teachers, firefighters, police offices, health professional staff, and other people who help our city, county, and state run, said Monique Ashton, Mayor of Rockville. We look forward to working with this joint venture [Comstock and SCG] to create more high-quality, transit-oriented, affordable housing that provides a safe place for residents to thrive.
SCG is a respected leader in affordable housing development that specializes in community-centered housing solutions. They have been involved in the successful development of more than 100 properties across the United States, including Momentum @ Shady Grove, a similar affordable housing project developed by SCG and Comstock that sits adjacent to the Shady Grove Metro station and was delivered in 2020.
Comstock and SCG entered into a definitive purchase agreement for Comstock 41, which was acquired by a subsidiary of Comstock in late 2023 for approximately $1.5 million. Pursuant to the purchase agreement, Comstock and SCG will enter into an operating agreement and a development agreement, under which Comstock will provide development management services to the joint venture. The Company will also be entitled to provide property management services once the development is ready for occupancy. The Comstock 41 transaction is expected to close upon approval of the construction plans by the City of Rockville. Financing will be arranged by SCG once the plans are approved.
SCG is excited to announce the launch of Momentum at Rockville Station, which is currently in the planning and entitlement stages, said Steven P. Wilson, President, SCG Development. The development will provide much-needed affordable housing that is close to retail and office space and walkable to the Rockville Metro Station. As we navigate the planning and approval process, we are fully committed to collaborating with Comstock and local government officials to ensure the project s success.
Comstock and SCG will work closely together with the City of Rockville to secure approvals needed to maximize the number of affordable units the joint venture will deliver to the heart of Rockville Town Center. This adheres to the project s vision to meet the City of Rockville s growing housing needs and underscores the ongoing commitment of Comstock and SCG to provide accessibility to affordable, transit-oriented housing options that help foster community growth.
We are thrilled to once again partner with SCG to deliver more high-quality, transit-oriented, affordable housing to Montgomery County s fast-growing population, said Christopher Clemente, Comstock s Chairman and Chief Executive Officer. Set alongside BLVD Forty Four and BLVD Ansel, Momentum @ Rockville Station will further expand Comstock s footprint in the vibrant Rockville Town Center neighborhood. We re helping to address the need for affordable transit-oriented housing.

DENVER, CO – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Cook Street, a contemporary midrise apartment community in the esteemed Cherry Creek North neighborhood.
Modera Cook Street, which will feature 110 apartment homes, sits in the highly desirable neighborhood surrounded by international retailers, high-end dining, boutique restaurants and tree-lined streets, while sitting only two miles south of Downtown Denver and its thriving employment core. First move-ins are anticipated for late 2026.
“Cherry Creek North is undoubtedly the place to be for high-end living in Denver,” said Scott Makee, senior managing director of development in Colorado for Mill Creek Residential. “The area possesses an unmatchable charm with its mountain and skyline views, distinguished setting and proximity to anything one might need within the city. We look forward to getting started on this truly unique development and offering a refined, top-of-market experience.”
Situated at 195 Cook Street at the corner of E. 2nd Avenue, Modera Cook Street features a superb Walk Score of 84 and sits two blocks from the nationally acclaimed Cherry Creek North shopping and entertainment district. The 16-block surrounding area features various art galleries, coffee shops, luxury hotels, high-end office space and more than 80 dining options. Additionally, a 50,000-square-foot Whole Foods is situated seven blocks from the community. The popular Cherry Creek Trail sits five blocks south.
Modera Cook Street will offer one-, two- and three-bedroom homes with thoughtful layouts and a generous average size of 1,264 square feet. The community will include 17 loft/penthouse apartment homes on the top floor.
Homes will include a variety of refined features, including nine-foot ceilings, gas fireplaces, wood plank-style flooring, upgraded Kitchen Aid stainless steel appliance packages, gas ranges with vent hoods, custom cabinetry, quartz countertops, tile backsplashes, pull-down faucets, pendant lighting, large kitchen islands with waterfall counters, in-home washers and dryers, Elfa® closet systems and private patios or balconies with sweeping view of the Rockies. Smart features will include a key fob system, smart thermostats and controlled-access guest technology. Bathrooms will feature floating vanities, tiled stand-up showers, double vanities, backlit mirrors and linen closets.
Approximately 85% of the homes will feature private outdoor space while 70% will offer large “outdoor room” style balconies. The 17 loft homes will include gas fireplaces on the terraces.
Community amenities will include a rooftop pool deck with panoramic views of the Denver skyline to the north and the Rocky Mountains to the west, hot tub and spa, grilling area, fire pit, fifth-floor resident social hub directly connected to the roof deck via an exterior staircase, demonstration kitchen, conference room, coffee bar, pet spa and a 24-hour club-quality fitness center with cardio equipment, yoga/Pilates studio and TRX system. Residents will also have access to private garage parking with EV charging stations, additional storage options, digital package lockers, dedicated bike storage, bike repair station and gear lounge.

OVERLAND PARK, KS – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the purchase of The Highlands, a 448-home garden-style apartment community in Overland Park, Kansas. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which is situated approximately 12 miles southwest of Kansas City along the Interstate 35 corridor.
“Hamilton Zanze is very excited to further expand its presence in the Kansas City metro through sponsoring the acquisition of The Highlands,” said David Nelson, president and chief investment officer at Hamilton Zanze. “Our KC portfolio continues to be a high performer in a turbulent national multifamily market. By sponsoring the acquisition of The Highlands, we expect to continue this trend by capitalizing on the submarket’s attractive apartment supply-and-demand dynamics and robust employment growth. Kansas City remains a target market for HZ’s investors, and we are excited for further portfolio growth in 2025 and beyond.”
Located at 10080 W. 80th Street, The Highlands was built in 2005 and offers one-, two- and three-bedroom apartment homes. Homes range in size from 791 to 1,452 square feet and include stainless steel appliances, built-in microwaves, hard-surface countertops, hardwood-inspired flooring, modern cabinetry, walk-in closets, full-size washers and dryers, ceiling fans, private patios or balconies and plush carpeting in the bedrooms.
Community amenities include two saltwater swimming pools, outdoor kitchen with grills, renovated clubhouse and gourmet kitchen, resident lounge with pool table, work-from-home spaces, theater room, tennis court, onsite pet park, eco-enhanced wildlife areas and a 24-hour fitness center with deluxe equipment and a yoga studio with spin bikes. The controlled-access community also includes rentable guest suites, rentable scooters and bikes, WiFi in common areas and detached garages.
Located just east of I-35 in the Highpoint Village neighborhood, The Highlands sits two miles west of downtown Overland Park. The downtown area features a variety of boutique retailers and an abundance of dining and entertainment options. The city also is home to the Overland Park Arboretum and Botanical Gardens and the Sprint World Headquarters Campus.

NEW YORK, NY – O’Connor Group of New York announced the launch of Elysian Watertown Square Residential Property Owner, a joint venture of O’Connor Group, FrontRange Capital Partners, and Takenaka Corporation. This 142-unit development at 53 Pleasant Street, Watertown, MA, will include a thoughtful mix of residential and retail space along vibrant Main Street.
Upon completion, the development will deliver 190,000 square feet of rental units, 15% of which will be allocated for households making 65-80% of the median income. The project will also include the renovation of a historic row house built in 1890, an undertaking that will convert the property into five for-sale condominium townhouse units with one set aside for affordable home ownership.
“We are thrilled to be bringing new market rate and affordable housing to a Main Street location like this in Watertown Square. With the help of our elected officials, town planning staff, and a first rate team of professionals we have designed a building in The Elysian at Watertown Square that we think will serve both new and existing Watertown residents for years to come – all in a fully sustainable program which sets the standard for new development in the area. With the help of great partners like Takenaka, FrontRange Capital, and Sumitomo, this type of housing development is a cornerstone of O’Connor’s future growth initiatives,” said John F. O’Connor of the O’Connor Group.
Developed to the highest sustainability standards, the property will be Passive House certified. The all-electric building will feature rooftop solar panels, structured parking with EV charging stations, and a transportation management plan to promote alternative options. Incorporating the resident-first experience created at Elysian at Stonefield, Elysian Watertown Square will offer a hotel-style lobby, a drop-off court with a porte-cochère entrance, meeting rooms, a clubroom, a coworking area, a state-of-the-art gym, a pet care spa, bike storage, and two rooftop terraces. The property will also include an art walk connecting Main Street to both Pleasant Street and The Charles River Walk.
“FrontRange Capital is very excited to partner with the O’Connor Group on another compelling development opportunity. Over the Company’s 40-year history, O’Connor has proven its ability to identify and capitalize attractive investments across the real estate spectrum. Elysian Watertown Square is another great example of their long-standing development track record, and we couldn’t be more pleased to be a part of this exciting project,” said Christopher Davis, Managing Principal of FrontRange Capital.
The five-story building is designed by ICON Architecture to embrace the aesthetic of Watertown through the inspiration of design elements inspired by the surrounding buildings. The Main Street side will include 6,500 square feet of retail space for a future restaurant and service-oriented retail. Additionally, O’Connor Group will work with the local art community to establish public art installations along the art walk where there is a boutique office/gallery space.
Elysian Watertown Square will be built by Dellbrook|JKS. Headquartered in Quincy, MA, the firm boasts more than 20 years of experience in the construction of residential buildings, including projects with Passive House construction standards. Construction of the project is expected to be complete in the Summer of 2026.
“The City’s recently adopted plan for Watertown Square recommended more housing to make the Square a lively destination and support our small businesses. The 104 Main Street development will bring more people into the Square and help us achieve the plan’s vision,” said Watertown city manager George Proakis.

PHOENIX, AZ – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for The Maddox in the Phoenix suburb of Buckeye on November 14, with Mayor Eric Orsborn in attendance. The first residents began moving into the 252-unit Class A multifamily community in the third quarter of 2024, and Thompson Thrift expects construction to be completed by January 2025.
“Thompson Thrift is well-versed in meeting the needs and desires of Arizona esidents after delivering a variety of luxury multifamily communities throughout the Phoenix area,” said Tamera Greene, vice president of community management, west for Thompson Thrift. “When residents choose The Maddox for their home, they will enjoy distinct features and amenities carefully curated to maximize style, luxury and convenience.”
Located at 23683 W Yuma Rd. near Interstate 10, The Maddox consists of seven, three-story garden style structures with 80 detached garages. The one-, two- and three-bedroom layouts average nearly 1,000 square feet and feature luxury amenities including gourmet kitchens with elegant quartz countertops, timeless tile backsplash, stainless steel appliances, designer fixtures and finishes, Alexa-compatible smart hub to integrate all smart devices, smart thermostat and smart door locks, walk-in closets, full-size washers and dryers, as well as patio, balcony, and private yard options.
At the ribbon cutting, visitors were able to view model tours and preview community amenities such as a professionally decorated clubhouse, resort-style heated swimming pool, 24-hour fitness center, Amazon Package Hub, thoughtfully designed courtyards, grilling stations, outdoor game area, firepits with seating area, a dog park, pet spa with grooming station, pickleball court and more.
In support of Thompson Thrift’s commitment to community outreach, they presented a check to local non-profit Special Olympics Arizona. Special Olympics Arizona has been serving the people of Arizona since 1975, providing year-round sports training and athletic competition in a variety of Olympic-type sports for children and adults with intellectual disabilities. Today they work with more than 21,000 athletes and nearly 25,000 volunteers, striving to create a better world by fostering the acceptance and inclusion of all people.
Thompson Thrift is a full-service real estate development company focused on multifamily, ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. For nearly 40 years, Thompson Thrift has invested more than $6 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.

PORTLAND, OR – Shorenstein Properties, an owner and operator of high-quality office, residential, and mixed-use properties across the U.S., announced the grand opening of Willow, a brand-new, luxury, 158-unit apartment and townhome community in Lake Oswego, Oregon.
“We are thrilled to unveil Willow, a newly constructed, premier residential apartment community,” said Steve Shanks, Managing Director at Shorenstein. “The property features one-of-a-kind lifestyle-driven amenities, centered around all of the beautiful, unique natural surroundings that Lake Oswego has to offer. We are pleased to officially welcome residents to Willow.”
Located in the tree-lined Lake Forest neighborhood just outside of Portland, Oregon, Willow is a 5-story wood frame community featuring one-, two-, and three-bedroom apartment and townhome units. The property offers residents state-of-the-art, modern in-unit amenities including stainless steel appliances, Herringbone tile backsplashes, in-home washer and dryers, and quartz countertops. Willow features multiple community spaces for residents, such as an open-air skydeck with a fire pit, a sky lounge, flexible dining and workspaces, a community lounge with a TV and fireplace, an outdoor BBQ, and a luxury fitness center with a fresh air deck. The property is managed by Greystar.
“We are excited to welcome residents to Willow and provide them with a top-notch experience,”Stephanie Shaffer, Senior Regional Property Manager at Greystar, said. “This new community is a fantastic addition to Lake Oswego and adds a new option in luxury rental housing to the greater Portland region.”

FORT LEE, NJ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Fort Lee, a contemporary high-rise apartment community located along New Jersey’s Gold Coast.
Modera Fort Lee, which will feature 253 apartment homes, sits just south of the George Washington Bridge overlooking the Hudson River and will feature permanently unobstructed views of the New York City skyline. The community will be built to, and is pursuing, LEED Silver™ Certification. First move-ins are anticipated for November 2026 with a second phase to be developed at a later date.
“With its proximity to New York City and the surrounding employment markets, Fort Lee continues to become a sought-after living destination,” said Maria Masi, senior managing director of development in New Jersey for Mill Creek Residential. “We believe Modera Fort Lee will distinguish itself by providing outstanding amenity spaces and premium interior finishes that enhance the overall living experience for our residents. We look forward to providing a top-of-market experience and will aim to become the preferred choice for the market’s discerning renters.”
Situated at 55 Main Street, Modera Fort Lee features convenient access to key thoroughfares Interstate 95/New Jersey Turnpike and I-80. The community is within a 30-minute commute of Midtown Manhattan, considered the finance capital of the world, and 20 minutes from Yankee Stadium and MetLife Stadium, home of the New York Jets, New York Giants and several large-scale events. Within Fort Lee and the surrounding Bergen County waterfront neighborhoods, future residents will have access to an abundance of dining, retail and entertainment options.
Modera Fort Lee will offer studio, one-, two- and three-bedroom homes with various layouts and an average size of 972 square feet. Community amenities will include a sixth-floor outdoor swimming pool, 18th-floor rooftop deck and sky lounge, grilling area with fire pit and outdoor dining space, resident clubhouse, landscaped courtyards, dedicated dog run and pet spa, game room with shuffleboard and pool table, coffee bar, conference room, coworking spaces, private workstations and a club-quality fitness center featuring cardio equipment, individual TVs, Matrix workout equipment and a yoga/Pilates studio. Residents will also have access to a podcast/TikTok studio, controlled-access parking, EV charging stations, digital package lockers, dedicated bike storage and additional storage options.
Homes will feature two distinct color themes and a variety of refined features, including nine-foot ceilings, oversized windows, wood plank-style flooring, stainless steel appliances, custom cabinetry, quartz countertops, tile backsplashes, pull-down faucets, pendant lighting, built-in desks, in-home washers and dryers, high-efficiency HVAC and in-home water heaters, walk-in closets and private patios or balconies. Smart features will include a key fob system, smart thermostats, controlled-access guest technology and bulk WiFi. Bathrooms will include soaking tubs, backlit mirrors and double vanities.

SARASOTA, FL – Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, announced the start of leasing at Cordelia, a luxury high-rise community in Downtown Sarasota, Fla., on Sarasota Bay.
Part of a 14-acre master development, Cordelia includes 240 luxury homes and 13,811 square feet of ground floor retail space. The community sits along a central green space with spectacular views of the bay and exceptional access to downtown. Cordelia will feed off its vibrant and diverse location, combining a unique blend of urban energy and natural beauty for a distinctly upscale Florida living experience.
“Cordelia is designed to capture and complement both downtown and bayside vibes, and offer residents the best of both worlds,” said Cameron Palm, Senior Development Manager with Quarterra. “From the community’s exquisite large balconies with waterfront views and top-flight amenities package to the seemingly endless dining and entertainment opportunities, residents will find themselves in an ideal place to live their best lives. It’s exciting to reach this milestone in the property’s development and stride one step closer to welcoming residents home.”
Situated at 468 Quay Commons, Cordelia positions residents within easy reach of a myriad of downtown dining destinations. Hot spots include: 1592 Wood Fired Kitchen & Cocktails, Boca, The Breakfast House, Café Epicure, Caragiulos, C’est La Vie, Drunken Poet, Duval’s, Indigenous, Jack Dusty, Lila, Made, Mattison’s City Grille, Mediterraneo, Owen’s Fish Camp, II Panificio, Pho Cali, Sage, Selva, Siegfried’s Restaurant, and State Street Eating House + Cocktails. Ocean Prime is slated to open later this year giving residents another high-end restaurant experience.
Residents will also find themselves in close proximity to shopping at Main Street, St. Armands Circle and The Mall at University Town Center, as well as the Sarasota Farmers Market. Entertainment venues, including Van Wezel Performing Arts Hall, Sarasota Opera House, Sarasota Orchestra, The Belle Haven, The Florida Studio Theatre, The Asolo Repertory Theatre, IMG Sports Complex, Robarts Arena, Ed Smith Stadium, The Bay Park and The John and Mable Ringling Museum are also nearby.
Cordelia is positioned along Tamiami Trail and adjacent to Fruitville Road, providing simple connectivity to the rest of Sarasota and surrounding municipalities. SCAT bus service and Bay Runner trolley are both easily accessible from the property, creating easy commutes to regional employers like Bealls, Tropicana, PGT Industries and Sarasota Memorial Healthcare. A newly designed trail system skirts the perimeter of the community, accessing the bay, beaches and parks. A seven-floor above/below ground parking garage, featuring several EV charging stations, will accommodate resident vehicles.
Cordelia consists of studio, one-, two- and three-bedroom apartment homes. Homes range from 558 to 1,480 square feet and are highlighted by floor-to-ceiling windows, designer pendant and sconce lighting and ceramic tile flooring in living spaces. Kitchens showcase under-cabinet lighting, stainless steel appliances, shaker cabinets, quartz countertops, islands, tile backsplashes and wine fridges. Bathrooms include oversized tubs and walk-in showers.
All residents have access to a picturesque rooftop pool, sky terrace and sun deck with outdoor bar, grill stations, fireplaces and lounge areas. Other amenity highlights include a catering kitchen, flex fitness studio, yoga studio, pet spa, maker space, co-working spaces, private dining area, wine lounge with tasting room, and gaming room with golf simulator.

SAN ANTONIO, TX – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of Arya Grove Apartments in Northeast San Antonio. With this acquisition, Knightvest now has an established portfolio of six assets in San Antonio. The close of Arya Grove Apartments represents the third acquisition in Knightvest s Fund II. Knightvest has established a steady acquisitions pipeline for its second fund and has additional acquisitions planned to close near year-end and early 2025.
Originally built in 2006, the 308-unit property is situated along the outer Loop 1604 in the rapidly growing Live Oak and Universal City areas. Knightvest has extensive experience operating in this submarket, having renovated and operated a comparable community within 2 miles of Arya Grove. Knightvest plans to renovate the apartment units in addition to making enhancements to the common areas and amenities of the property. As part of the renovation, Knightvest will rename the community to Sagebrush Apartments.
We re increasingly optimistic about the overall market right now, and this marks our second acquisition in the past month as we continue to execute our strategy of investing in multifamily communities from the 2000 s and renovating them to a level that would be comparable to new construction, said David Moore, Knightvest founder and CEO. The proximity to a successful project nearby, combined with the impressive regional growth trends, made this opportunity initially intriguing, and we re excited to expand our growing portfolio across Central Texas with the addition of Sagebrush Apartments.
The Northeast San Antonio submarket offers a unique opportunity, as the region has experienced rapid growth with less multifamily construction compared to neighboring Northwest and Far North San Antonio. Additionally, the proximity of Sagebrush Apartments to the major highway interchange of I-35 and Loop 1604, makes it well-positioned to benefit from ongoing growth between Austin and San Antonio, contributing to the larger Texas Triangle s expansion. Over the past four years, San Antonio alone has seen an influx of 40,000 new residents annually, underscoring the region s attractiveness and Knightvest s confidence in the long-term potential of the area.