STAMFORD, CT – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager, announced the start of leasing at The Smyth, a luxury mixed-use apartment community that represents the Quarterra’s first development in Connecticut.
Located at the intersection of Tresser Boulevard and Washington Boulevard in Stamford’s Downtown, the 17-story high-rise features 414 apartment homes and more than 19,000 square feet of retail space. The Smyth will serve as a haven in the hybrid workplace with mezzanine-level co-working spaces that include private offices and conference capabilities. First move-ins are anticipated in February.
“Stamford is one of the most charismatic locales in the Northeast, and we look forward to joining the dynamic city,” said Greg Belew, Divisional President of the New York/Tri-State area for Quarterra. “Our center-of-town location will put residents within steps of everything they might need, and we believe The Smyth’s thoughtful design and array of deluxe amenities will provide a top-of-market experience in the neighborhood.”
The Smyth features a modern industrial chic aesthetic and includes four stories of garage parking, including one underground level. Its centralized location at 100 Tresser Boulevard provides residents with access to several shopping, dining and nightlife options. Positioned along an active streetscape, Columbus Park, Summer Street’s restaurant row, The Palace Theater, Stamford Center for The Arts and Mill River Park are all located a short distance from the community.
The Smyth offers commuter-friendly connectivity to several notable locales, as residents are within a short drive of Interstate 95, U.S. Route 1 and Merritt Parkway. Additionally, the nearby Stamford Transportation Center offers Metro-North and Amtrak railroad services. New York City is positioned less than 40 miles to the southwest, an easy commute for residents of The Smyth. Stamford’s own job sector includes several Fortune 500 companies and a vast mix of finance and real estate, technology, management and consulting, digital marketing and healthcare opportunities.
The Smyth features studio, one-, two- and three-bedroom homes with select den layouts and two-story penthouses available. Apartment interiors are equipped with quartz countertops, stainless-steel appliances with gas ranges, hardwood-style flooring, kitchen islands with pendant lighting, custom cabinetry with under-cabinet lighting, walk-in closets, walk-in showers and bathroom cabinets with high-end finishes.
A landscaped rooftop deck highlights The Smyth’s suite of common-area attractions and includes a resort-style pool, sundeck, cabanas, outdoor lounges with fire pits and barbecue grills, all with expansive views of Stamford and Long Island Sound. Additional community amenities include a club-quality fitness center with yoga/spin room featuring lululemon Studio Mirrors, a resident club lounge with catering kitchen and game tables, multi-sport golf simulator, coffee bar, media room/lounge, demonstration kitchen and a dog run with dog washing station. Residents can also utilize dry cleaning drop off, Parcel Pending™ package lockers, bike storage, a bike repair shop and rentable storage units.

DALLAS, TX – CMCT announced that it is expanding its multifamily portfolio with the planned addition of 696 apartment units across three assets. The acquisitions advance CMCT s strategy to focus the portfolio on highly amenitized premier multifamily and creative office assets in dynamic, high barrier to entry markets.
CMCT intends to acquire an interest in the 75-unit Parkview Apartments located at 1902 Park Avenue in the Echo Park neighborhood of Los Angeles. The transaction is anticipated to close in mid-February. Parkview Apartments is located adjacent to 1910 W. Sunset Blvd., an eight-story creative office property that was acquired by CMCT in February 2022.
In Oakland, CMCT is under contract to acquire Eleven Fifty Clay, at 1150 Clay Street, a 16-story apartment building offering 288 market-rate residences. The acquisition is anticipated to close in late March. On January 31, 2023, CMCT closed on the acquisition of Channel House, a 333-unit, eight-story apartment building at 40 Harrison Street.
CMCT believes it has an attractive pipeline of multifamily development opportunities, representing over 1,500 units. CMCT intends to leverage its sourcing, distribution and development capabilities to grow its multifamily portfolio by making property level equity investments alongside co-investors. CMCT believes this asset-light approach, whereby CMCT may earn fee income and potentially a percentage of profits, is a compelling model for CMCT that will contribute to strong returns on invested capital.

SALT LAKE CITY, UT – Los Angeles-based Orion Real Estate Partners announced that it has acquired Lakeside Village, an active adult multifamily community in Salt Lake City, Utah. Lakeside Village enjoys picturesque views of the Wasatch Mountains and sits on a 7.7-acre site with desirable amenities including a clubhouse, community pond, resident garden and outdoor swimming pool and spa. Built in 1997, 100% of units are in classic condition and the property will undergo renovations to improve the property’s amenities and unit interiors.
Orion acquired the property in partnership with Denver-based Headwaters Group and Atlanta-based Formation Development Group. The combined team will bring together deep operational knowledge and experience within the active adult space to deliver best in class services for the community.
This marks Orion’s third acquisition in Utah and 23rddeal overall since 2016, and the firm is focused on expanding its portfolio in Utah and other high growth western states. Salt Lake City was recently ranked as the #1 market in the country according to a CBRE research report and has outpaced the national average in both job and population growth, growing at over two times the rate according to data from the US Census Bureau.
Orion secured a fixed rate loan from CBRE’s San Diego Capital Markets team through Fannie Mae. Orion will utilize Salt Lake City-based property management company AMC, which currently manages over 1,200 units for Orion.

ST PETERSBURG, FL – Mint House, the premier tech-enabled residential hospitality brand offering spacious, high end apartment-style accommodations across the U.S., announced the impending opening of Mint House at Metro St. Petersburg in St. Petersburg, Florida in Spring 2023. The newly constructed residential hospitality property – fully operated by Mint House – will offer 100 apartment-style hospitality units in the thriving EDGE district downtown. The transaction marks the third Florida location for the next-gen hospitality brand (which is currently operating two locations in Miami) and the first on the gulf coast.
Mint House at Metro St. Petersburg will offer luxurious amenities for guests staying a night or for multiple weeks, and will include a resort-style pool, wellness-focused fitness center, bicycle rental program and valet parking, plus direct access to the EDGE District’s Main Street, St. Petersburg’s hottest neighborhood for shopping, dining, nightlife and art. Each apartment-style hospitality unit will be equipped with a full kitchen, living and dining areas, and ample workspace.
“Mint House at Metro St. Petersburg will offer Mint House guests premium residential hospitality accommodations, bringing a truly differentiated experience to downtown St. Petersburg. Located in the exciting EDGE district, guests will enjoy high-end apartment style stays, incredible amenities and great walkability whether for a night or several weeks, while traveling on business, leisure, or a combination of the two” said Elizabeth Herzberg, Mint House’s Senior Vice President of Real Estate Development.
“Mint House at Metro St. Petersburg represents the type of quality growth Mint House has experienced in the past couple of years: high-end apartment-style accommodations in thriving and growing markets like St. Petersburg,” said Paul Sacco, Mint House’s Chief Growth & Development Officer. “Mint House will be approaching 2,000 units active or signed in 2023, and this exciting new project is a terrific example of the Mint House offering.”
In addition to offering tech-first spaces to work, stay and play, Mint House at Metro St. Petersburg will offer Mint House’s signature Stock Your Stay program, allowing guests to pre-stock their apartment with groceries prior to arrival. Both properties will also participate in Mint House’s subscription Mint Pass program, offering frequent travelers perks, and each create less CO2 emissions than a traditional hotel with smart thermostats, as well as zero soap and plastic waste.
Today, Mint House has more than 25 artfully designed, tech-first properties in more than 16 major U.S. cities including New York, Philadelphia, Miami, Austin and Nashville, with recent openings in Scottsdale, Dallas and Birmingham.

MINNEAPOLIS, MI – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management and operation of high-quality residential communities, announced its first development in Minnesota in a prime commercial district of Minneapolis. The Standard at Dinkytown is a 1,021-bed community within walking distance to the University of Minnesota (UM) in the heart of UM’s Greek Row.
“We look forward to bringing our high-quality, purpose-built student housing product to the University of Minnesota,” said Wes Rogers, President and CEO of Landmark Properties. “Our first development in Minnesota will feature The Standard’s best-in-class amenities and premium proximity to campus.”
Located at 514 14th S Avenue, The Standard at Dinkytown will offer several distinct floor plans, ranging from studio to five-bedroom apartments, with 30 affordable housing units. The Standard’s best-in-class luxury amenity package and location in Minneapolis’ primary hub for dining, bars, live music and retail is unmatched and will stand out to potential residents when weighing options among comparable properties. Rental rates at The Standard will include cable, internet, trash, and all furniture.
The Standard at Dinkytown will offer residents luxury amenities such as a resort-style outdoor pool area, equipped with a jumbotron, sun deck, cabanas, outdoor grilling stations and rooftop hot tub overlooking Minneapolis and the Mississippi River. Additionally, residents will have access a state-of-the-art fitness center, clubhouse with computer lab, gaming lounge, study lounge with café and Amazon package lockers.
Inside the apartments, all units will feature a gourmet kitchen with quartz countertops, ample cabinet space, premium flooring and stainless-steel appliances. Every apartment is fully wired for high-speed internet and cable, and will include large closets, private baths, and in-unit washers and dryers. Students who have access to a vehicle can purchase a parking space in The Standard’s covered garage that will also include dedicated scooter and bicycle spaces.
The University of Minnesota represents the ninth-largest, single-campus enrollment of any university in the United States, enrolling more than 50,000 students each fall. The university is one of five universities in the nation with an engineering school, medical school, law school, veterinary medicine school, and agricultural school all on one campus, and its pharmacy school is ranked third in the nation among public universities. The Standard at Dinkytown is expected to begin construction this year and welcome students for fall 2025.

ATLANTA, GA – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Brighton Woodstock, a build-for-rent, 100-unit townhome community in the Atlanta suburb of Acworth, Georgia.
Capital Square has formed the Private Equity Group managed by experienced real estate executives, Dave Platter and Jon Trott, as managing directors and co-heads, to profit from opportunities in the housing market, including a dedicated build-for-rent strategy in high growth sunbelt markets.
“Brighton Woodstock is a new build-for rent townhome community in Atlanta’s affluent and high barrier to entry Acworth/Cherokee County submarket. Build-for-rent communities are professionally managed neighborhoods of highly amenitized single-family rental homes,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “This unique asset class is similar to gated residential neighborhoods that cater to residents’ desire for the space of a single-family home with the convenience and community feel of a multifamily rental.”
Located at 5900 Woodstock Road, the modern single-family residential community features open floorplans averaging 1,480 square feet with designer features and finishes, gourmet island kitchens, attached garages, private patios, spacious closet space and in-unit washer and dryers. Community amenities include a picnic and activity lawn, firepit and grilling area, kids park and playground, a dog park and a walking trail. Mobile car detailing, valet dry cleaning and housekeeping services are also available to residents.
Brighton Woodstock is approximately five miles from Kennesaw State University, one of the largest universities in Georgia and a leading employer in the Atlanta metropolitan area. Greater Atlanta gained 135,000 jobs in 2021 and is one of the Southeast’s major employment hubs for significant technology companies, including Google, Microsoft and Facebook, as well as numerous medical institutions and other top-rated universities, such as Emory and Georgia State. According to the U.S. Census Bureau, Atlanta experienced the fourth highest population growth in the nation between 2010 and 2021.
“Brighton Woodstock is in the heart of one of the nation’s fastest growing regions and in Atlanta’s affluent Cherokee County submarket, which has experienced average rent growth of 9.6% for the past five years. The Atlanta region continues to maintain its position as a top MSA in the Southeast, with 135,000 jobs gained in 2021, and the fourth highest population growth in the nation,” said Whitson Huffman, co-chief executive officer. “This property is particularly appealing from an investment perspective due to its location in Atlanta’s least supplied north suburban market, which enjoys the most attractive rent-growth projections in the metropolitan region.”

KNOXVILLE, TN – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the launch of CSRA Opportunity Zone Fund VIII, LLC. The project-specific opportunity zone fund will raise capital to develop Livano Knoxville, an approximately 348-unit Class A multifamily community in Knoxville, Tennessee. CSRA Opportunity Zone Fund VIII seeks to raise $46.684 million in equity from accredited investors.
“With the land acquired and a favorable construction loan in place, Capital Square believes it has reduced the risk on this superior site near the University of Tennessee,” said Louis Rogers, founder and co-chief executive officer. “And – the icing on the cake – the property is in an opportunity zone that permits investors to defer and exclude their capital gains from the sale of any asset by investing in this, Capital Square’s eighth, opportunity zone fund.”
Located in the city’s emerging South Knoxville neighborhood at 451 W. Blount Avenue, just south of the Tennessee River and adjacent to the University of Tennessee’s Neyland Stadium, the multifamily community will include studio, one-, two- and three-bedroom apartment homes averaging approximately 930 square feet. The property will feature 35 workforce apartment homes available to residents who earn up to 80% of the area’s annual median family income, the remainder of the available units will be market rate apartment homes. The city of Knoxville has agreed to contribute $6.5 million of the project’s total development cost as a result of the inclusion of the workforce housing units.
Capital Square completed the acquisition of the 5.8-acre lot earlier this month and secured a $70.4 million construction loan agreement with Truist Bank. Tennessee-based Southern Building Group Inc. has been engaged as general contractor. Groundbreaking on the $116 million project, led by Capital Square’s development division and joint-venture partner, LIV Development, is scheduled to take place next month.
“The University of Tennessee predicts that the state’s population will grow by up to one million new residents by 2040, with the Greater Knoxville population expected to increase by 17.2%,”1 said Whitson Huffman, co-chief executive officer. “The South Knoxville neighborhood enjoys strong economic fundamentals, with a healthy and stable employment base, multifamily occupancy north of 97% and rent growth projected to exceed 3.3% annually through 2027.2 Capital Square believes Knoxville is a highly attractive growth market and a compelling location for our latest opportunity zone development project.”
Knoxville is the third largest city in the state behind only Nashville and Memphis. The area is home to 18 four-year and two-year colleges and universities, led by the University of Tennessee, which has an annual enrollment of approximately 31,000 students and employs 11,700 academic and administrative employees. The university’s endowment exceeds $1.3 billion.
Major employers in the area include the U.S. Department of Energy Oak Ridge National Laboratory, Covenant Health, the University of Tennessee, Knox County Schools, University Health System, The Dollywood Company, Clayton Homes, DENSO Corporation, Tennova Healthcare, Blount Memorial Hospital and the Tennessee Valley Authority.

CHICAGO, IL – JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced it has acquired Courthouse Square, a 149-unit Class A apartment community 25 miles west of Chicago in the suburb of Wheaton.
“Apartment communities of this caliber are in high demand given the strong employment fundamentals and high barriers to entry for home ownership,” said Jay Madary, president and CEO of JVM Realty Corp. “The acquisition of Courthouse Square fits our long-term strategy of pursuing investments where we can leverage our local experience and extensive operating platform to enhance performance, using disciplined underwriting to reflect current and projected market conditions.”
Located at 250 S. Naperville Road, Courthouse Square was built in 2016 and offers one-, two- and three-bedroom apartment homes in two, six-story brick buildings. Many of the open-concept apartment homes include dens/home offices with layouts offering up to 1,520 square feet. The property is LEED Silver certified with high-end, modern finishes such as kitchens with stainless steel appliances, quartz countertops and islands and subway tile backsplashes; nine-foot ceilings; engineered hardwood flooring; Shaker stye cabinetry; and a full-sized washer and dryer. Select homes come with a private balcony or oversized terrace and standalone showers with glass door enclosures.
Residents enjoy an abundance of community amenities including access to a resort-inspired pool and sundeck, concierge service and package receiving, fully equipped 24-hour fitness center and yoga studio, event room with catering kitchen, media space and billiards, an outdoor deck with a fire pit, heated indoor garage parking with electric charging stations, pet wash, car wash and bike repair stations.
The property has direct access to downtown Chicago via the Union Pacific West Line and nearby Interstates 88 and 355 connect residents with the greater Chicago Metropolitan Area. Residents enjoy a short commute to six Fortune 1000 companies and other top employers along the I-88 Illinois Technology and Research Corridor.
Wheaton is the county seat of DuPage County and has been consistently praised as a “Best Place to Live” by various publications for its charm, quality schools and family friendliness. Courthouse Square is located in an area of Wheatonknown for lush greenery and outdoor activities, with an array of retail, dining and entertainment options a short walk from the property.
With this latest acquisition, JVM now owns and manages eight apartment communities in Illinois and 23 communities representing $1.6 billion in assets under management throughout the Midwest.
JLL Capital Markets represented the seller in this transaction. The team was led by Managing Director Kevin Girard, Managing Director Mark Stern, Director Zach Kaufman and Senior Analyst Avi Schiffman.

BROOKLYN, NY – Canyon Partners Real Estate, Tavros Holdings, and Charney Companies announced their joint venture for the development of 585 Union Street, a 224-unit multifamily development located in the Gowanus neighborhood of Brooklyn, NY, a qualified opportunity zone.
The Project is being capitalized with $57.7 million of equity, and the joint venture simultaneously closed on a $107.0 million senior construction loan from Pacific Western Bank. Canyon’s investment marks Canyon’s eleventh qualified opportunity zone investment, totaling $1.2B of project capitalization.
“Gowanus’s industrial beauty and artistic character makes it one of the most exciting cultural hubs in New York City, and we couldn’t be more thrilled to be a part of its expansion,” said Nicholas Silvers, founding partner at Tavros. “We are looking forward to adding housing to such a dynamic neighborhood with the help of a capital partner who shares the same vision.”
585 Union Street is located in the Gowanus neighborhood of Brooklyn, NY. The Project will benefit from its close proximity to diverse entertainment, transportation, and employment hubs within walking distance, including the many dining and entertainment options unique to the Gowanus neighborhood, the Barclays Center, and a Whole Foods. The Project is located one block from the Union Street subway station which provides access to Lower Manhattan, Times Square and Union Square, all within 35 minutes. The property is conveniently located near public parks, schools, restaurants, and museums. The development will offer a mix of studio, one-, two- and three-bedroom units along with parking, a fitness center, and a rooftop pool among other community amenities. Twenty-five percent of available units will be allocated to affordable housing and benefit from the Affordable New York housing program. In addition, the Project design will feature an entirely electric building, with flood resistant landscaping and plantings.
“The opportunity to create new rental homes in Gowanus, the most eagerly anticipated neighborhood in Brooklyn, has been a journey of perseverance and challenging work, which has been supported by a world-class team of professionals, colleagues and of course, our financial partners,” added Sam Charney, Principal of Charney Companies. “This is yet one more step to 585 Union Street becoming a reality, and I couldn’t be more excited.”

DALLAS, TX – The NRP Group, a vertically integrated, award-winning developer, builder and manager of multifamily housing, has officially broken ground on ‘Ascent at Mountain Creek – a 324-unit mixed-income multifamily community located just 15 minutes outside of downtown Dallas. Fifty percent of the units will be reserved for individuals and families earning 80% or less than the Area Median Income.
Located at 4868 S. Merrifield Road, Ascent at Mountain Creek will comprise 14 three-story, wood-frame residential buildings offering a mix of one-, two- and three-bedroom apartments. As a result of the increased resident demand for larger units to accommodate growing work-from-home preferences, den floor plans for one- and two-bedroom units will also be available. In-unit features will include quartz countertops, backlit mirrors, stainless steel appliances and walk-in closets. Community amenities will include a resort-style pool, dog park, fitness center and resident lounge that can double as workspace for remote workers.
There is a crucial need for mixed-income communities like Ascent at Mountain Creek in the City of Dallas where many residents are being priced out of the rapidly growing market, said Kyle Hines, Assistant Director for the Department of Housing and Neighborhood Revitalization. Housing demand throughout the region has caused significant price increases in the City and we are actively developing more affordable housing options using all available tools and resources to meet our current and future residents needs. We are pleased to see this project move forward and look forward to working closely with The NRP Group to bring this development to fruition.
Located at the intersection of Highway 408 and 1-20, Ascent at Mountain Creek will offer residents easy access to bustling downtown Dallas and is in close proximity to ample retail and dining options. The community is also surrounded by rolling hills, lush forests, and hiking trails, a rarity in the Dallas-Fort Worth market, with Mountain Creek Lake less than 10 miles south. Residents will also be a 10-minute drive from a variety of healthcare, grocery, retail, and recreational offerings, including Methodist Charlton Medical Center, Target, Home Depot, Epic Waters Waterpark, Grand Oaks Golf Club, and more.
Within Ascent at Mountain Creek s immediate vicinity is a host of employment opportunities for working professionals. Mountain Creek Business Park, a 450-acre industrial park, is home to a wide range of reputable companies, including Nestle, Ulta Beauty, and Chewy, among others. The community is also a short distance away from Dallas Baptist University, complete with 4,480 enrolled students and 132 full-time employees.
Dallas-Fort Worth continues to experience surging population growth, making Texas one of the leading states in the country in terms of net migration. The influx of new residents migrating to the area is causing high demand for a limited supply of apartments in the DFW market. As a result, apartment rents are quickly skyrocketing to rates that are infeasible for most individuals, especially those who are in the ‘missing middle income bracket, said Alena Savera, Vice President of Development at The NRP Group. We are excited to bring this housing development to the market and work alongside the City of Dallas to provide working-class families and individuals housing, as well as the opportunity to enjoy the natural beauty of the Mountain Creek region of Dallas.