ORLANDO, FL – Avanti Residential, a nationwide multifamily investor and operator, and partner Centennial State Capital, announced the acquisition of The Avery, a premier apartment community located in Orlando, Florida. The transaction closed on October 24, 2024, for a total price of $50,500,000.
The Avery, a 200-unit community completed in 2022, is situated at 1000 Avery Village Loop, Orlando, FL 32825. The property offers a luxury living experience including a resort-style pool, entertainment deck with an outdoor kitchen and fire pit, state-of-the-art fitness center, and clubhouse. The Avery boasts stylish apartment features, from luxury vinyl plank flooring and lofty 9foot ceilings to modern kitchens with stainless steel appliances. This most recent investment closed in partnership with Centennial State Capital, brings Avanti Residential’s total number of units in Florida to 1,829 across 7 assets, solidifying its presence in the state.
“Avanti is excited to expand its footprint in the Orlando area. The Avery allows our investors the opportunity to own a newly built asset at below replacement cost and peak rents within this micromarket. Furthermore, the asset’s location offers residents excellent access to Orlando’s key employment and educational hubs,” says Peter Partipilo, Director of Acquisitions.
Mark Henderson of Centennial State Capital shares, “at Centennial State Capital, we take pride in our ability to identify unique investment opportunities. This acquisition reflects the strength of our partnership with Avanti Residential and our shared commitment to investing in high-quality assets in growth markets like Orlando. Together, we’ve acquired a premier, newly built asset that will generate value for our investors and provide an exceptional living experience for residents.”
Avanti Residential continues to expand its portfolio and strengthen its position as a leading player in the multifamily industry. The company’s portfolio now reflects 9,604 units across 41 properties in eight states: Colorado, Kansas, Missouri, Arizona, Florida, Utah, Tennessee, and Georgia.
Avanti Residential is committed to providing exceptional living experiences for its residents and delivering strong returns for its investors. The company is actively seeking additional investment opportunities and remains focused on its growth objectives.

ORLANDO, FL – Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announced that construction has begun on its newest Orlando area development Aventon Holy Hill. The three-story, garden-style community will open in the second half of 2025.
With Aventon Holly Hill marking Aventon Companies’ sixth project in the Orlando submarket, it remains committed to the flourishing metro area. One, two and three-bedroom options will comprise 288 units spread across 14.5 acres. Each apartment will be outfitted with the firm’s signature best-in-class finishes and attention to detail. With a focus on creating a sense of community, shared amenities will include a business lounge, fitness center, game room, resort-style pool, and an on-site pet spa. The community’s prime location on U.S. Route 27 also offers easy commuting access to major area employers within the Orlando Commercial Corridor and to local attractions like Disney World.
“Data indicates that Orlando is one of the fastest growing areas in the entire country with over 1,500 new residents added to the population every week,” said Sean Flanagan, Senior Development Director for Aventon Companies. “Aventon Holly Hill is designed to fulfill the growing desire for luxury living in the heart of it all.”
The overall design of Aventon Holly Hill was created by Watts Leaf Architects, with interiors curated by Studio 5 Interiors. The property will be located at the intersection of Holly Hill Grove Road and U.S. Route 27 in the city of Davenport. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing nearly 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

CHASKA, MN – Trident Development, a Minnesota-based firm specializing in the acquisition and development of luxury rental apartments, celebrated the opening of The Plaza at Hazeltine, a multifamily community located at 1130 Hazeltine Boulevard, with its project partners, city representatives and residents.
“From the beginning, our goal in developing The Plaza at Hazeltine has been to create a destination that is seamlessly connected to the surrounding community,” said ;Carin Bzdok, vice president at Trident Development. “By working shoulder-to-shoulder with our partners and the city of Chaska, we have achieved that goal and then some. With multiple living options and a wide range of modern amenities, residents are immersed in this wonderful city, taking pride in truly calling this home.”
Located at the southwest corner of Hazeltine Boulevard and Hundertmark Road, The Plaza at Hazeltine features studio/alcove, one, two and three-bedroom apartment options with luxury finishes, modern appliances and golf course views. Residents have access to an underground, climate-controlled parking garage with 100 stalls, and partial ground level covered parking with 30 stalls. The first residents began moving in in early September 2024.
The Plaza at Hazeltine is conveniently situated near a bustling retail area with Kohl’s, McDonald’s, Aldi, Chipotle and Starbucks. The location makes the most of its pedestrian walkways to the retail shops and recreational facilities, including The Loop at Chaska public golf course and the world-renowned Hazeltine National Golf Club.
Amenities include a large outdoor patio with pergola, grilling stations and firepit with comfortable seating, walking trails, a children’s play area, outdoor putting green, dog park, pet wash, bike racks, spacious community room, coffee bar, package delivery room, expansive fitness room, golf simulator, plaza breezeway through the building and a fourth-floor sky deck featuring a rooftop patio.
The general contractor for The Plaza at Hazeltine is Lyon Contracting and the property is managed by Village Green.

HOUSTON, TX – Three Pillars Capital, led by Gautam Goyal, announced the acquisition of The Life at Beverly Palms, a 308-unit Class-C multifamily property located in Pasadena, TX. The acquisition is a significant milestone for the firm as it continues its trajectory toward $1 billion in assets under management. Upon acquisition, the property was renamed Vista Azul Apartments, reflecting the firm’s strategic repositioning efforts.
Situated in Pasadena, a key hub of the Greater Houston Area’s petrochemical industry, Vista Azul Apartments benefits from the city’s economic strength and steady demand for quality housing. The property offers a mix of one, two, and three-bedroom apartments, with a comprehensive two-year renovation and repositioning program aimed at modernizing the property and enhancing its appeal to current and prospective residents.
Three Pillars Capital, a Houston-based real estate private equity firm, brings over two decades of combined experience in acquisitions and asset management. The firm currently manages over $600 million in high-performing assets, totaling approximately 4,500 units. This latest acquisition underscores its commitment to value-add strategies and its dedication to delivering superior returns to investors.

SAN DIEGO, CA – Civitas Capital Group, a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, recently broke ground on a 76-unit, Class A multifamily community in San Diego, California. Civitas is the developer of the project, as well as the project sponsor.
The project is located at 4080 32nd Street in the North Park neighborhood of Balboa Park, a walkable community full of unique shops, restaurants, bars, museums, and the world-famous San Diego Zoo. Its irreplaceable location and unparalleled amenities help Balboa Park have one of the densest populations of 25-to 34-year-olds in San Diego.
The project comes at a time of a housing shortage in San Diego. The San Diego Association of Governments in March estimated the county requires roughly 20,000 new units annually through 2030 to make up for a 15-year housing shortage. The county is permitting roughly half of that amount with even less breaking ground due to the difficult capital markets environment and the years it takes to obtain permits and entitlements for construction.
In fact, the Balboa Park submarket is expected to have effectively zero net deliveries between Q2 2025 and Q3 2026 – the time when the Civitas project is scheduled to deliver.
“We are extremely excited to bring this deal to the San Diego market,” said Jorge Adler, Director of Investments for Civitas and the lead on the project. “San Diego is a supply-constrained market with what Civitas believes are very positive long-term demand drivers. We are particularly excited about delivering this project in one of the most desirable submarkets of San Diego at a time when few other properties are scheduled to open. It’s a win for the community, and a win for Civitas.”
Adler says a big reason this project is able to break ground when others cannot is because of its ability to accept funding through the EB-5 Immigrant Investor Program. The project is located within a Targeted Employment Area, as defined by USCIS.
“We closed on the land for this project in September of this year and broke ground within 30 days,” says Kelly Lindig, Director of Development at Civitas. “Our team at Civitas has experience in all aspects of the development and construction process with projects in Texas and California. In addition, our general contractor, Richard & Richard Construction, has extensive experience with similar projects in Southern California for numerous clients, including the U.S. Navy.”

SAN MATEO, CA – In a landmark move that promises to advance affordable housing efforts in high-cost markets, The Vistria Group and Ethos Real Estate announced the conversion of nearly 700 market-rate apartments to long-term affordable housing in San Mateo County, the wealthiest county in the United States by median incomes, home values, and investment income.
This transaction represents one of the largest market-rate to affordable housing conversions in California’s history. Conversion work at the project, known as Hillsdale Garden Apartments, is set to begin this month.
The partnership demonstrates an innovative approach to affordable housing, leveraging private capital with public and non-profit expertise to create sustainable, community-focused solutions. San Mateo County Supervisor Noelia Corzo remarked, “Our working-class neighbors deserve a stable home, dignified conditions, and responsive management. This project is an excellent example of how revitalizing existing homes and preserving their affordability can allow residents to stay in their communities with dignity.”
“This investment isn’t just about real estate; it’s about how private investment, local government and non-profits can partner to create scalable and efficient models for addressing the housing crisis across the country,” said Margaret Anadu, Senior Partner and Head of Real Estate at The Vistria Group. “Everyone deserves an affordable home, and we take particular pride in creating that opportunity in communities with strong public schools and diverse job opportunities.”
The initiative stands out not only for its scale but also for its leadership. Spearheaded by two prominent Black women in real estate, Margaret Anadu of The Vistria Group and ennifer Keith of Ethos Real Estate, this project marks a significant step towards diversity in major real estate transactions.
Jennifer Keith, Managing Partner and Co-Founder at Ethos Real Estate, emphasized the broader impact, “We are honored to be partnered with Vistria on preserving affordable housing at community scale. Our collective efforts will reduce displacement, improve existing housing conditions, and provide a range of social services for the residents of Hillsdale Gardens.”
The project benefits from exceptional walkability and access to transit, retail, healthcare, high-quality schools and parks. Key features of the affordable housing conversion include:

Transformation of 697 market-rate units to affordable housing, targeting households earning up to 80% of Area Median Income;
Significant capital allocated for interior and exterior upgrades to foster higher quality living standards; and
Implementation of comprehensive resident services in partnership with Pacific Housing, ranging from after school programs to skill building classes.

The project marks The Vistria Group’s third real estate investment in California and tenth real estate investment overall bringing the portfolio to over 6,000 units and a gross asset value in excess of $1.8 billion. Yusef Freeman, Partner for Real Estate at The Vistria Group said, “The Hillsdale Garden acquisition continues our commitment to the long-term creation of affordable housing at scale throughout California and within its most expensive communities.”

FREDERICKSBURG, VA – The Milestone Group announced the acquisition of two Fredericksburg, VA apartment communities, Kensington Crossing with 476 units, and Magnolia Falls with 200 units. The purchase prices were not disclosed.
“These two assets are very well positioned in a highly sought-after submarket near abundant retail and dining options, and their proximate locations allow for meaningful operating efficiencies,” said Milestone Vice President of Acquisitions, Jason Wise. “Our plans for the assets include enhancement of all common areas and amenities that will immediately boost the resident experience. Furthermore, Milestone assumed the existing loans on both, allowing for a quick and seamless transaction.”
The properties, located in rapidly growing Stafford County, are conveniently located on US-17 near the I-95 interchange. Immediate retail options include Target, Walmart, Giant Food, Lowe’s, Starbucks, and Chick-fil-A. A myriad of options located at nearby Central Park, Spotsylvania Town Centre, and Downtown Fredericksburg are all within 15 minutes.
Kensington Crossing has 476 fully-renovated one-, two- and three-bedroom units that feature stainless steel appliances, granite countertops, and faux-wood flooring throughout the units. Residents enjoy amenities including two swimming pools, tennis and sports courts, two fitness centers, a cabana lounge, and covered parking.
Magnolia Falls features 200 fully-renovated one- and two-bedroom units also including stainless appliances, granite countertops, and faux-wood flooring throughout. Residents have access to a swimming pool with sundeck, playground, dog park, sport court, and fitness center.

DALLAS, TX – National multifamily developer Wood Partners continues to expand in Texas with Altera Rayzor Ranch, a 192-unit multifamily community in Denton, a suburb outside of Dallas. The project recently broke ground and is expected to deliver to the community in the third quarter of 2025.
Altera Rayzor Ranch is centrally located within the Rayzor Ranch master-planned development and sits just off I-35, offering easy, direct access to the Dallas-Fort Worth metroplex. The 182,000-square-foot garden-style development features a mix of one-, two- and three-bedroom layouts and offers residents attainable, Class-A accommodations without sacrificing convenient access to major employment and entertainment centers. Altera Rayzor Ranch is ideally situated within walking or biking distance via the Heritage Trail, connecting residents to a diverse array of restaurants and retail options, including Target, WinCo Foods, In-N-Out, Alamo Drafthouse Cinema and more.
The apartment is part of the Wood Partners’ Altera brand, a new attainable housing initiative offering upscale living at cost-effective rates. Residents can benefit from a resort-style pool, a modern fitness facility, outdoor socializing spaces with fire pits and gas grills, programmed green space and multiple coworking and meeting spaces.
“Denton has experienced explosive growth in the past few years which will only continue to increase due to its educated workforce, lower cost of living and access to plenty of open spaces,” said Ryan Miller managing director at Wood Partners. “Altera Rayzor Ranch’spremier location provides a community feel with best-in-class shopping and dining opportunities just footsteps away from your door. We are devoted to assisting the city’s positive growth by developing new, attainable multifamily apartments designed with the community needs in mind.”
Denton County exceeded one million residents last summer, making it the seventh-largest county in Texas. According to Colliers’ 2024 Q2 Dallas Fort Worth Multifamily Report, the area again led the nation in apartment completions over the past 12 months, delivering 39,140 units.
Wood Partners continues to be active across the Lone Star State with numerous groundbreaking projects in several active markets. In June, Wood Partners and partner EIG EuroInvestor GmbH broke ground on Alta Westover Hills in San Antonio, its twelfth community in the region. Additionally, Wood Partners delivered The Albright, a brand new 261-unit luxury apartment to the Austin community in June.

AUBURN, AL – Muinzer, a leading private equity firm specializing in student housing, announced the off-market acquisition of Samford Square near Auburn University. Samford Square consists of 752 student housing beds that are 100% leased for the August 2024 school year.
Muinzer’s purchase of Samford Square follows its acquisition of Evergreen Auburn in May 2024.
“The combination of our access to capital and our veteran student housing management team gives us a significant runway to continue acquiring. I’m very proud of the Muinzer team for executing on yet another off-market acquisition,” said Marc Muinzer, Founder and CEO of his namesake firm.
Muinzer began investing in student housing in 2002 and is one of the largest owners and operators in the Big Ten and SEC Conferences.
“We have long-term conviction in student housing and are actively deploying capital towards our goal of acquiring an additional $2 billion of student housing communities near high-growth universities,” added Michael Snyder, COO of Muinzer.

SOUTH BEND, IN – Toll Brothers Campus Living®, a division of Toll Brothers (NYSE: TOL), the nation s leading builder of luxury homes, and joint venture partner HSRE, announce the opening of The 87 in South Bend, Indiana. The 87 is a new off-campus apartment community, featuring 335 apartments and townhomes with 810 beds. The community is located near the campuses of the University of Notre Dame, Holy Cross College, and St. Mary s College and was financed with a $91 million construction loan from Centier Bank. Construction commenced in September 2022 and first occupancy began in August 2024.
The 87 offers today s students a living experience that blends upscale design, luxury amenities, and modern conveniences, said Richard Keyser, Vice President of Acquisitions and Development for Toll Brothers Campus Living. We re delighted to open The 87, which represents our continued commitment to developing student communities that combine the flexibility of off-campus living with proximity to campus life at growing and prestigious colleges and universities.
Designed by KTGY, The 87 features a mix of studio through four-bedroom apartments, along with townhomes. Each residence is fully furnished with modern furniture, 55 smart TVs, and en-suite private bathrooms for every bedroom. The upscale features include stainless steel appliances, in-residence washers and dryers, modern cabinetry, quartz countertops, and keyless entry. Select residences also feature oversized closets and kitchen islands. Garage parking is also available.
Rooted in tradition but dedicated to engaging today s forward-thinking students, The 87 s amenities are designed to nurture academic success and foster connections. Students can work in tech-enabled study lounges with private seating options, meet with friends at the social lounge and coffee bar, and flex their creative muscles in the content creation studio. Sports enthusiasts can catch a game in the All Pro Lounge, with four large-screen TVs, and then hone their skills in the golf and sports simulator. The 2,300 square-foot double-height fitness center features strength and cardio equipment. Outside, residents can enjoy multiple courtyards with grills, fire pits, yard games, and hammocks. The community honors the legacy of the nearby University of Notre Dame by incorporating vintage photos and memorabilia throughout the interiors.
Toll Brothers Campus Living brings the signature quality of design, luxury, and service that Toll Brothers is known for to modern student communities, said John McCullough, President of Toll Brothers Apartment Living, the multifamily division of Toll Brothers which oversees its Campus Living division. The 87 brings an elevated approach to student life to South Bend, supporting a well-rounded collegiate lifestyle with the spaces and amenities needed to thrive socially and academically.