HOUSTON, TX – Venterra Realty recently acquired the Cendana District West community located in Richmond, Texas. The 349-unit four-story mid-rise multifamily community was built in 2023 and offers modern one, two, and three-bedroom residences that range from 592 – 1542 square feet in 11 unique floor plans.
The apartments feature high-end interior finishes, like Granite Countertops, Stainless Steel Appliances, Garden Tubs, Walk-In Showers, Washers and Dryers, and Oversized Closets. Some apartments offer a kitchen island and double-sink vanities.
The property provides renters with the largest pool in the area, two resident lounges, co-working and or micro office spaces, 24/7 fitness center and yoga studio, media room, dog park and pet spa.
Well located in the fast-growing Richmond area of Fort Bend County in southwest Houston, just a short distance from the Westpark Tollway and the Grand Parkway, the area offers easy access to many of the major employers in Houston. Venterra also currently owns The Retreat, in the same neighborhood about 2 miles from Cendana.
Venterra will implement its resident-focused programs such as the Live it. Love it. Guarantee., the 48-Hour Maintenance Guarantee, and SMARTLEASING.
“We have seen excellent growth in the Houston area and are excited to expand our Texas portfolio with the addition of the amenity-rich luxury property Cendana District West,” 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 Cendana District West by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

FORT MYERS, FL -The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, has officially broken ground on The Riley, a 275-residence, market-rate multifamily community located in Fort Myers, Florida.
We re excited to bring this latest development to the Fort Myers and Lee County area which has experienced incredible growth, said Kurt Kehoe, Senior Vice President of Florida Development. The Riley is a testament to NRP s commitment to providing the highest quality communities and our belief in the future and continued expansion of Southwest Florida.
The community comprises three four-story buildings, each offering unique features to cater to a diverse resident base. Building one will serve as the main gathering area for residents, housing the integrated clubhouse and most of the property s lifestyle amenities, while building two features a courtyard with public greenspace and comfortable sitting and lounging areas. Building three provides panoramic views of the nearby conservation area, Estero Bay Preserve State Park, for a nature-infused living experience.
The Riley features a best-in-class amenity package, including a resort-style pool with outdoor grilling areas and pizza oven, as well as an integrated clubhouse with a media room, business center and conference pods. Other highlights include a state-of-the-art fitness center, an on-site dog park with a smart pet wash station, and package concierge lockers.
The residences boast contemporary finishes, soft-closing cabinets, LED-lit mirrors with frames, modern lighting fixtures and luxury kitchens with quartz countertops and upgraded stainless steel appliances. Floor plans are varied, featuring one, two and three-bedroom apartments, ranging from 655 to 1537 square feet. Pricing is expected to start at the low $1600 s.
Strategically located at the intersection of Highway 41 and San Carlos Blvd, The Riley provides convenient access to major job markets in Fort Myers and Bonita Springs, with proximity to Interstate 75 and Highway 41.
The Riley is expected to be completed in late 2025.

RICHMOND, VA – Jones Street Investment Partners, a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., announced its expansion in Virginia with the acquisition of Summit at Bon Air, a 296-unit multifamily community located at 1701 Irondale Road in the Richmond suburb of Bon Air, from Capital Square, one of the nation s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities.
Summit at Bon Air features a mix of one-, two- and three-bedroom units across 37 two-story buildings spanning a total of approximately 28 acres, as well as 550 parking spaces. The garden-style community is ideally situated within walking distance of numerous retail and restaurant options, including Chesterfield Towne Center Shopping Mall and Huguenot Village Shopping Center, and is located just off Route 60, providing an easy 22-minute drive to downtown Richmond, one of the fastest growing job markets in Virginia, according to InsideNOVA. Summit at Bon Air boasts luxury amenities including a resident lounge, business center, dog park, newly upgraded fitness center, swimming pool with a sun deck, and a playground.
We are excited to add another ideally located Richmond-area asset to our portfolio with the acquisition of Summit at Bon Air, said Matt Frazier, founder and COE of Jones Street. Coming on the heels of our recent entry into the Richmond market with the purchase of Courthouse Green Townhomes, Summit at Bon Air exhibits the same strong criteria we look for when evaluating investment opportunities, including a growing population, a strong job market, top schools, and family-friendly activities and amenities. We look forward to leveraging our operational expertise to provide a best-in-class living experience to the community and create value for our investors.
The majority of the Property s units have recently undergone numerous renovations to provide units with premium finishes including new cabinets, a backsplash, high-end laminate countertops, and a tech package. Jones Street plans to upgrade the remaining 77 units to provide an enhanced living experience. Improvements have also been made to the property s amenities, including renovations to the parking lot, fencing, grilling stations, landscape enhancements, and signage.
Summit at Bon Air Chesterfield County, which has experienced strong population growth over the last decade at an average of 9.8% as Fortune 500 companies have expanded their local presence, including LEGO, CoStar, Capital One, Altria, CarMax, and Dominion Energy. Bon Air has an A+ rating from Niche.com as well as an A rating in the Good for Families category.

AVENTURA, FL – Belmont Village Senior Living, a leading developer, owner and operator of senior living communities, announced the groundbreaking of its newest community, Belmont Village Aventura. Located at 3510 Yacht Club Way, the luxury project is created in partnership with Turnberry, one of the nation s leading developers of design-driven, amenity-rich residential, hospitality and mixed-use projects. It will be Belmont s third location in South Florida and is expected to open in early 2026.
“Belmont Village Aventura marks a pivotal moment in our mission to redefine senior living, providing an ideal location surrounded by world-class amenities, said Patricia Will, CEO and Founder of Belmont Village Senior Living. Our partnership with Turnberry will enhance the living experience of our residents, creating built-to-purpose spaces where seniors can enjoy comfort, security and the highest standards of care as they age. Our vision is deeply rooted in our commitment to enhancing the well-being of older adults. We are eagerly anticipating the positive impact it will have on the greater Aventura community.”
This venture is Turnberry s first collaboration with Belmont Village Senior Living. Spanning an impressive almost 180,000 square feet, Belmont Village Aventura will feature timeless contemporary architecture, comprising stucco, tile and stone. Throughout the interior will be high end finishes, including luxury wall coverings, custom decorative flooring inlays, a suspended art installation, coffered ceilings, and indoor/outdoor flexibility. The 11-story community will offer Independent Living, Assisted living and Memory Care, and host 153 apartments in a variety of studio, one-bedroom and two-bedroom floorplans. Resident apartments feature stone counters and islands with waterfall edges, stainless steel appliances, elegant flooring and walk-in closets. Many of the units offer private balconies and exclusive penthouse units are available on the 10th and 11th floor.
We chose to partner with Belmont Village because of its unmatched expertise and leadership in luxury senior living, said Jackie Soffer, Chairman and CEO of Turnberry. Our philosophy of placemaking with principles means every project is undertaken with incredible attention to detail and an expectation of excellence. Belmont Village shares those standards and has skills and experience that complement ours. The location of Belmont Village Aventura means residents and their families can enjoy the best of what South Florida has on offer, setting a new standard of luxury senior living. We are thrilled to partner with Belmont Village to offer an unmatched luxury option in senior care.
Belmont Village Aventura residents will enjoy panoramic views of the Atlantic Ocean, Intracoastal Waterway and Dumfoundling Bay. Amenities include an elegant fine-dining restaurant, a full-service bistro and rooftop bar, personal temperature-controlled wine storage with semi-private dining, a fitness center, and an outdoor terrace overlooking the water. Other amenities include a wellness center, screening room, art studio, hair and nail salon, sports lounge, library, and a resort-style pool.
Working in collaboration with Belmont Village, Coral Gables (Fla.)-based Corwil Architects is the lead architect and Moss Construction Management is the construction partner, ensuring Belmont Village Senior Living Aventura becomes a well-crafted, built-to-purpose community dedicated to enhancing the lifestyle of its senior residents. The same team recently completed Belmont Village Senior Living Coral Gables.

STAUNTON, VA – Lloyd Jones, a real estate investment firm headquartered in Dallas, Texas, announced the acquisition of Brightview Baldwin Park, a 136-unit independent living, assisted living, and memory care community in Staunton, Virginia. This marks Lloyd Jones’ first senior housing acquisition this year. The property was purchased from Brightview Senior Living and will operate under the Lloyd Jones proprietary Aviva brand as AVIVA Baldwin Park.
Originally built in 1987 and subsequently refurbished in 2003, AVIVA Baldwin Park includes two separate three-story structures on a sprawling fifteen-acre estate. The southern building houses 85 independent living units, and the northern building accommodates the remaining 51 assisted living and memory care units. Property amenities include a well-stocked library, beauty and barber shop, community fireplace, and updated fitness center. The property features an expansive courtyard where residents can enjoy an outdoor trail with picturesque views of the Blue Ridge Mountains and Shenandoah Valley.
“This is a beautiful property in a beautiful area of Virginia. We hope to continue to serve the surrounding communities with exceptional senior living. To expand the excellent reputation of Baldwin Park, we have an experienced and loving on-site team in place, backed by the full resources of both AVIVA Senior Living and Lloyd Jones,” says Christopher Finlay, Chairman and CEO of Lloyd Jones.
With a $3.1M capital renovation budget, the Lloyd Jones team plans to focus on significant upgrades to the northern building to match the recently updated southern building. The team also aims to introduce its signature technology package that includes keyless door locks, resident safety pendants, and new property camera systems to enhance the security of the residents.
The Lloyd Jones partner in this investment is SP Venture Partners, a real estate investment firm that focuses on making tax-efficient Co-GP investments alongside seasoned operating partners in multifamily and senior housing. Its founders have a proven track record of investing and managing $125 million of equity across $1.5 billion of real estate. This experience has given SP Venture Partners the ability to formulate and implement a comprehensive due diligence process on the operating partners it invests alongside. Peter Powers, co-founder of SP Venture Partners adds “My partner, Sean, and I both grew up with families that owned businesses that served seniors and have seen the increased need to provide senior housing that allows seniors to continue living fulfilling lives.”

PHOENIX, AZ – GTIS Partners, a global real estate investment firm managing $4.5 billion in gross assets with a U.S. focus on residential and industrial/logistics investments, and Clyde Capital, a vertically integrated commercial real estate investment and development company, announced the development of a $250 million mixed-use, master-planned community in Surprise, Arizona, which is located within the Phoenix MSA. The project will include a build-to-rent community, retail space and a medical facility, and will be built across 90 acres of land acquired by GTIS and Clyde.
In conjunction with the land acquisition, GTIS and Clyde sold 20 acres within the project to HonorHealth, one of Arizona’s largest hospital systems, to develop the medical facility. Forty-five acres will be allocated to a joint venture between Clyde and Simon CRE, a national commercial real estate acquisition and development company, to establish a multi-phase retail center. GTIS will retain the 25-acre balance of the site for a build-to-rent development.
GTIS and Clyde initially pursued the property in April 2021 and took the project through a rezoning and site planning approval as it secured entitlements. The site is 40 miles from Downtown Phoenix, located along North 163rd Avenue and bound by U.S. Highway 60 and Pat Tillman Boulevard. It sits directly across from a 175,000 square foot Fry’s-anchored retail center, is conveniently located to many of the area’s top employers, and is about one mile from a Loop 303 interchange, providing easy access to the 303 industrial corridor. The site is also 20 miles from Taiwan Semiconductor Manufacturing Corporation’s plant, one of the largest foreign investments in U.S. history and the largest ever in the state of Arizona.
The GTIS-owned residential parcel at Asante Trails is approved for a build-to-rent community called Tavalo at Asante. Tavalo at Asante will offer 282 single-story homes (duplexes and detached) ranging from one to three-bedrooms with a gated entry, on-site leasing center, resident lounge, resort-style pool, dog parks and a central park, all contiguous and walkable to the masterplan’s future neighborhood retail center.
Clyde and Simon CRE’s Phase I of the commercial portion of Asante Trails will consist of a 12- acre retail center at the southwest corner of Pat Tillman and 163rd Avenue, providing a mix of neighborhood entertainment and services.
HonorHealth, a locally governed and operated non-profit healthcare provider, is committed to the responsible development of healthcare services that increase access to world-class care for the community. Rick Murdock, Vice President of Strategic Planning, commented, “With the purchase of 20 acres, HonorHealth is excited for the opportunity to align healthcare services with community needs while partnering with the City of Surprise to improve the health and well-being of those we serve for decades to come.”
Rob Vahradian, Partner & Head of U.S. Investments at GTIS, said, “We are excited about delivering more housing and employment options to the region. This site is strategically located in the rapidly growing Surprise submarket of Phoenix, which is currently undersupplied with rental housing options yet is adjacent to the Loop 303 industrial corridor, Phoenix’s fastest growing job market.”
“We would like to thank the City of Surprise’s Planning Department, City Council, City Manager and Economic Development Director for their leadership and counsel as we navigated through the project’s entitlement process. This acquisition represents a great opportunity for the residents of Surprise to get the commercial services and quality rental housing they need in response to the city’s rapid growth. Asante Trails will be an important part of Surprise’s future and we look forward to being a part of it,” said Theodore Karatz, Managing Director, U.S. Acquisitions and Head of Build to Rent Acquisitions at GTIS.
Jim Stockwell, President at Clyde Capital, commented, “The Phoenix MSA has experienced steady growth over the past five years and continues to face an unprecedented shortage of housing at all price points in every submarket. Asante Trails will be a beautiful master-planned community for the Northwest Surprise neighborhood offering best-in-class healthcare, shopping, dining and housing opportunities, all in a walkable and integrated setting.”

SEATTLE, WA – Bellwether Housing and the Evergreen Impact Housing Fund (EIHF) announced the opening of The Aries at Bitter Lake, bringing 200 affordable apartments to the North Seattle community.
The Aries is the first project funded by EIHF to open to residents, proving that innovative financing can boost the supply of much-needed housing. EIHF provided patient and low-cost catalytic capital for The Aries which, paired with more traditional financing sources, allowed the project to move forward on time and efficiently.
“We are delighted to see The Aries open to working families,” said Kris Hermanns, Fund Manager of EIHF for the Seattle Foundation. “This project is a testament to the power of collaboration in addressing our state’s affordable housing crisis. When public and private sectors work together, we can create positive, sustainable change in Washington State. It is an honor to celebrate this impactful addition to the community.”
“The investments in affordable housing made by this region’s business sector have been transformative,” said Susan Boyd, CEO of Bellwether Housing. “The Aries will be home to 200 families who previously had a tough time finding stable housing. They can now afford to live near transit, great schools and close to job centers. These homes and the stability they represent simply would not exist without the investments made by the EIHF.”
Large-scale affordable housing projects with family-size units often face financing constraints, especially in urban centers. The Washington State Housing Finance Commission (WSHFC) provided an allocation of bond cap and low-income housing tax credits (LIHTC) for The Aries. This public funding and EIHF’s private capital worked together to move the project forward. ;”Our state needs affordable housing at all income levels,” said Steve Walker, WSHFC executive director. “EIHF provides an important piece of the funding puzzle, filling critical gaps and stretching public funding to do more. Ultimately, that allows more working families to stay in Washington State and call this place home.”
Representatives from Bellwether, EIHF, and project supporters gathered for the grand opening of The Aries earlier today. The event featured remarks from Boyd Hermanns, Paul Buckland, Senior Vice President at Wells Fargo, and Selina Mendoza, Vice President at CitiBank. The morning culminated in a ribbon-cutting and guided tours of the building.
The Aries is located at 916 N 143rd St, situated near a community center, bike trails, the Bitter Lake Reservoir, as well as public transportation on Aurora Avenue. The Aries units cater to families of four earning up to $66,420 and individuals with an annual income of $46,500. Many of the apartment homes are two- and three-bedroom units that are well-suited for families.

ALBUQUERQUE, NM – The Bascom Group has acquired the Overlook Apartments, a 1988 built, 344-unit garden-style multifamily property located at 6200 Eubank Boulevard in Albuquerque, New Mexico. The property marks Bascom’s first multifamily acquisition in the state of New Mexico.
Brandon Harrington and Tyler Woodard of Northmarq arranged the debt financing for the acquisition with TPG Real Estate Finance Trust as the lender. The seller was represented by Northmarq’s investment sales team lead by Trevor Koskovich, Jesse Hudson, Cynthia Meister, Ryan Boyle, and Logan Baca. Apartment Management Consultants will provide property management services and SD-CAP will provide construction management.
The purchase of Overlook comes on the heels of the recent Bascom purchases including Avenida Lakewood, a 230-unit Active Adult (55+) apartment community in Lakewood, Colorado, and Texan26, a 204-bed student community in Austin, TX.
Vice President of Bascom, Tom Gilfillan, states “The Overlook adds another well-positioned asset to the Bascom portfolio, and the first in the state of New Mexico. The property is located within a desirable infill location with scarce new housing supply, and offers residents proximity to nearby employment centers, outstanding school choices, popular retail amenities, and numerous recreation options. The Albuquerque market continues to demonstrate attractive multifamily fundamentals, and we are excited to strengthen our footprint in this growing market.”
Located within the desirable Northeast Heights submarket of Albuquerque, The Overlook offers residents a low -density garden style community with an attractive unit mix of one- and two-bedroom units. Community amenities include two large swimming pools and spas, dog park, resident clubhouse, business center, fitness center, and barbecue areas. The property provides residents admission to outstanding nearby public schools with average ratings of 9/10, proximity to premier retailers like Whole Foods, Trader Joes, and Target, as well as accessibility to major employment drivers including Netflix Studios, Intel Corporation, Sandia National Labs, and the University of New Mexico.
Bascom’s, Paul Zakhary, Senior Vice President of Portfolio Operations, added, “The Overlook has been well-maintained while demonstrating consistent rental demand. As part of our strategic renovation program, Bascom intends to renovate unit interiors with new appliances, countertops, backsplash, cabinetry, as well as enhancing the property’s exteriors and community amenities. Most of the units remain in classic condition, giving our team room to add desirable elements while providing residents an affordable housing option.”

DALLAS, TX – Knightvest Capital, a vertically-integrated multifamily investment company, announced the successful acquisition of the Dorian Apartments, formerly known as the Tribeca Apartments. Situated in the coveted Legacy area of DFW, this 398-unit apartment community marks the latest strategic addition to the Knightvest portfolio.
The Dorian Apartment community was built in 2008 and features a mix of three and four-story structures across nine buildings, with units boasting an average of 910 square feet.
“With its strategic location, the Dorian Apartments fit seamlessly into our vision of acquiring institutional quality assets and transforming them into design-driven residential communities,” said David Moore, Knightvest Founder and CEO. “Our team is excited by this latest acquisition as we work to provide a high-quality alternative to new construction in this sought-after market.”
The community’s corridor spans Plano, Frisco, McKinney, and Allen cities experiencing an average population growth of over 50% in recent years. With Plano’s growth accompanied by the development of over 14.8 million square feet of Class A office space, the area has become a thriving live-work-play community.
Knightvest Capital closed the acquisition in December 2023 and plans to enhance the property by renovating unit interiors and property amenities, including the fitness center, pool area, and clubhouse.
“Our acquisition of the Dorian Apartments is another great example of how we’re executing our value-add strategy to deliver dependable results to investors, residents, and employees,” concluded David Moore.

PEORIA, AZ – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that it has broken ground on Marlowe Peoria Place, the latest Marlowe-branded apartment community. Located west of Grand Ave. and south of Monroe St., this new community is part of Greystar’s master plan for Peoria Place, which will include more than 700 apartments, 255 build for rent homes and 400,000 sq. ft. of logistics.
“Marlowe Peoria Place is an important piece in the overall Peoria Place master plan,” Billy Cundiff, Greystar Managing Director, Development, said. “Marlowe Peoria Place will highlight the entrance to Old Town Peoria with a public art piece and bring 4,900 sq. ft. of retail space that will serve as an amenity to the entire area. This project is truly a partnership between the city and Greystar to get the master plan of the ground.”
“In Peoria, we realize that a diverse housing portfolio is key to attracting new business,” said Peoria Deputy City Manager Mike Faust. “Peoria Place is a wonderful addition to the community, bringing new retail businesses and connection to our P83 Entertainment District with easy access to the 101.”
As the first conventional multifamily community within the master plan, Marlowe Peoria Place is a three-story community with 370 apartment homes with one- and two-bedroom floorplans that range from 650 to 1,180 sq. ft. Marlowe Peoria Place Marlowe will balance comfort and luxury through their thoughtfully designed interiors including quartz countertops, stainless steel appliances, two bright color schemes, and abundance of community amenities. Community amenities will include a 1,200 sq. ft. fitness center, pickleball court, two dog parks, a coworking space in the clubhouse and a pool with cabanas and spa. The community’s architecture is Spanish desert which will have elements throughout the master plan as well.
The Peoria Place master plan is adjacent to the City of Peoria municipal offices and will bring restaurants, retail and lifestyle-related business to the Old Town area to complement the many events that the city hosts. The project is located half a mile south of Pioneer Community Park, an 83-acre public space with dog parks, an urban lake, public art and more than 10 lighted fields for various sports. Peoria Place is just a 10-minute drive from the Westgate entertainment district, State Farm Stadium, home of the Arizona Cardinals, and the Peoria Sports Complex where the Seattle Mariners and San Diego Padres play their spring training games.