CHARLOTTE, NC – Canyon Partners Real Estate and The NRP Group announced a joint venture for the development of the Abernethy Lofts, a 392-unit, Class A multifamily community in the NODA submarket of Charlotte, North Carolina. Canyon provided $35.9 million of LP equity for the development, which is in a qualified opportunity zone. Construction of the community will begin immediately and is expected to be completed in Q2 2026.
Located walking distance to the Sugar Creek LYNK Blue Line Rail Station in Charlotte’s North Davidson arts and entertainment district (“NoDa”), Abernethy Lofts will be in one of the city’s most desirable neighborhoods and positioned among hundreds of restaurants, shops, galleries and music venues. As Charlotte’s established workforce continues to grow as a result of corporate relocations and expansions, the community’s proximity to public transportation will provide residents with convenient access to the area’s major employment centers, including Uptown Charlotte, University City and the South End.
“Since our first development in the NoDa neighborhood over five years ago, we have recognized the incredible opportunities and amenities readily available to residents in this area,” said Jason Mochizuki, Vice President of Development at The NRP Group. “We are proud to partner with Canyon for the fourth time in the Charlotte market to continue creating highly desirable rental opportunities in a location that offers connectivity and convenience.”
Most recently, Canyon collaborated with NRP in February 2023 for the development of South Tryon, a residential community in Charlotte’s South End.
Abernethy Lofts will total 344,339 square feet and include an extensive amenity package with a resort style pool, a large outdoor area with private dining, pizza and grilling stations, work-from-home conference pods, a state-of-the-art fitness center and a large dog park. The community will have structured parking for 509 spaces and a garage with branded electric bikes. The community will feature several environmental, social and governance (“ESG”) attributes including ENERGY STAR rated appliances and Wi-Fi-enabled “Smart” thermostats.
Canyon has been an active provider of debt and equity in the Southeast and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has invested approximately $2.0 billion in debt and equity to capitalize nearly $6.2 billion of total projects in the Southeast.

KANSAS CITY, MO – The Cordish Companies and Power & Light District announced the grand opening of Three Light Luxury Apartments in Kansas City, MO. Team members from The Cordish Companies and Power & Light District were joined by Mayor Quinton Lucas, City Manager Brian Platt, city officials and distinguished guests from the City of Kansas City, MO to celebrate the opening of the brand-new addition to Kansas City’s skyline.
A landmark tower of gleaming glass, Three Light joins its sister properties, One Light and Two Light – both 97% occupied, as the next phase of luxury living in the Power & Light District. With its own distinctive take on an immersive downtown Kansas City lifestyle that offers convenience and walkability, Three Light sits steps away from the legendary Midland Theatre, Cosentino’s Downtown Market, Kansas City Live!, T-Mobile Center, Genesis Health Clubs, KC Streetcar line, dozens of restaurants, shops and entertainment venues, cultural destinations like the Kauffman Center for the Performing Arts, and forthcoming South Loop Link Park over I-670.
“On behalf of my family and our entire team at The Cordish Companies, we are excited to celebrate the grand opening of Three Light Luxury Apartments and are honored to continue playing a role in the forward momentum of downtown Kansas City,” stated Blake Cordish, Principal of The Cordish Companies. “Like its sister properties One Light and Two Light, Three Light is on par with any residential community in the country. We are extremely proud of what we have delivered with Three Light and know that it will be a vibrant addition to the Power & Light District and the Kansas City skyline for decades to come.”
Since the opening of the nine-city block Power & Light District, which is celebrating its 15th anniversary this year, downtown Kansas City has garnered national attention for its urban renaissance. The transformation has included more than $9.7 billion in public and private investment over the last 15 years, with more than 12,111 new apartment units and 5,326 new or renovated hotel rooms, as well as the KC Streetcar line. The Power & Light District, developed by The Cordish Companies, is the most visited destination in the state of Missouri welcoming over 10 million visitors per year.
“When I think about all of the development that’s going on around the Power & Light District, Three Light, and beyond, it’s bringing jobs, it’s bringing excitement,” said Mayor Quinton Lucas, Kansas City, MO. “To my friends at The Cordish Companies, I want to say thank you for not only taking a chance on Three Light, but on the Power & Light District in the early 2000s. Every challenge that has come along the way, from recessions, pandemics, and beyond, you have continued to build and invest and show that even if you are not originally from here, you are true Kansas Citians.”
For nearly two decades, The Cordish Companies has invested in downtown Kansas City, both new construction projects and the restoration of historic buildings including the B&B Theatre and a two-year, multi-million dollar renovation of the Midland Theatre, which first opened its doors in 1927. Earlier this summer, Cordish commenced construction on Midland Lofts, the transformation of the historic Midland Office Building – an underutilized jewel that has been vacant for more than 20 years – to 135 loft apartments. Upon completion in May 2024, Cordish will have added over 1,000 new residences to downtown KC since One Light’s opening in 2015.
“HUD is proud to have been a partner in Three Light since its inception,” said Ken Cooper, Production Division Director, U.S. Department of Housing & Urban Development. “This public private partnership brings together the strengths and expertise of both public and private sectors uniting their resources, knowledge and innovation. The Cordish team has elevated the level of apartment living in Kansas City and its downtown renaissance continues with this development team that’s passionately committed to their projects.”
Located at the corner of Truman Road and Main Street, the new 25-story, 288-unit building includes a seven-story parking garage with 472 spaces, as well as 7,600 square feet of ground-level retail space. With units starting at $1,350/month, there is a wide variety of unit sizes and floorplans including spacious studio apartments, one- and two-bedroom units, and designer penthouse apartment homes. Units boast floor-to-ceiling windows with inspiring city views, gourmet kitchens, premium stainless-steel appliances, luxury quartz countertops, full-size washers and dryers, and private balconies in select residences.
“We are incredibly proud to open Three Light as Kansas City’s newest downtown residential community,” said Emelyna Aurich, Director of Property Management for Cordish Living. “The preleasing momentum for Three Light has been remarkable and has exceeded our every expectation. As we open our doors, many of our unit types are 90% leased and we’re on pace to reach our target of 99% in the coming months. Our team has spent countless hours ensuring that every detail was specifically curated for this building. It is a celebration of Kansas City, from murals on the exterior of the building to memorable pieces of art throughout the inside. Everywhere you look, the city’s rich musical legacy and dynamic present day are honored.”

DUBLIN, IRELAND – Global real estate investment company Kennedy Wilson has completed three major residential developments in Dublin, Ireland, Coopers Cross, The Grange, and Sanford Lodge that have added approximately 800 units to Kennedy Wilson s Irish multifamily portfolio, which now totals over 3,300 units with another 232 units under development.
As many of our global developments quickly near completion, we are proud to deliver on our promise to bring much-needed residential space and public amenities to Dublin and continue our legacy as one of Ireland s most active real estate investors and operators, said William McMorrow, Chairman and CEO of Kennedy Wilson. We are long-time believers in this vibrant market, and these development milestones mark just the beginning for these communities that continue to raise the bar for residential offerings within the region.
Encompassing nearly an entire city block in Dublin s North Docks, the six-acre Coopers Cross mixed-use development is revitalizing one of the largest undeveloped sites in Dublin s Docklands, forming part of the Strategic Development Zone designed to facilitate the regeneration of the area. The recently completed residential phase includes 471 apartments, and resident amenity and retail space anchored by a new public park in the North Docks.
A significant focus has been put on placemaking within Coopers Cross, where the residences are connected to future Grade A office space with market-leading ESG credentials via a sequence of permeable courtyards and thoroughfares. A generous public square and accessible multi-functional Town Hall space also connects the office space and retail through a garden street to provide a further public amenity for residents, future office occupiers, and visitors to the campus.
Expected to complete by the end of 2023, the 395,000 square feet of new office space at Coopers Cross is designed for maximum efficiency and flexibility with bright, open floorplates, and is targeting world-leading sustainability credentials, including targeted LEED and WELL Platinum, and BREEAM Outstanding. Coopers Cross was the first commercial development in Ireland to achieve a Platinum SmartScore certification, which is awarded to projects demonstrating exceptional intelligent building credentials.
At The Grange, Kennedy Wilson recently delivered 287 new apartments, resident amenity space, and a dedicated day care center, bringing the company s total holding at the Stillorgan project to 539 units. This summer also marked a finish line for an expansion for Sanford Lodge Apartments, where 36 new apartment and duplex units with generous private open space are now available for lease just 2.5 kilometers from St Stephen s Green. All new residential projects offer Kennedy Wilson s dedicated resident app, professional on-site management, as well as pet-friendly units. The developments also feature roof terraces, parks, children s playgrounds, fitness centers, business centers, game rooms and resident lounges.
In addition to its developments in Ireland, Kennedy Wilson has an active pipeline of $1 billion in gross developments across the Western U.S., totaling over 2,800 apartment units. The majority of these projects remain on track to be completed by the end of 2024.

ALPHARETTA, GA – Phorcys Capital Partners announced its recent acquisition of a seniors housing property located in Greensboro, Georgia. PCP was previously the supermajority creditor on the municipal bonds issued to finance the construction of the project.
The facility, known as The Glen at Lake Oconee Village, consists of 114 units, providing independent living, assisted living, and memory care services. The Glen was acquired for $26.45 million in August 2023. The facility will continue to be operated by SRI Management.
PCP s strategy largely focuses on seeking distressed and/or overleveraged senior living properties financed by municipal bonds located throughout the United States. Acquisition targets are typically newer vintage assets that require limited rehabilitation costs. PCP focuses on markets with attractive demographics and properties with significant value-add potential.
After years of involvement on the creditor side, we are excited to announce the acquisition of The Glen to our growing seniors housing portfolio, said Vasileios Sfyris, a Managing Partner with PCP. The Glen is located in a unique market near Reynolds Lake Oconee, a desirable area between Atlanta and Augusta.
The acquisition of The Glen expands PCP s presence as a growing player in the senior living sector.
The Glen consists of 114 units in Greensboro, Georgia, a growing exurban area halfway between Atlanta and Augusta. The area benefits from Reynolds Lake Oconee, a master-planned community anchored by The Ritz-Carlton Reynolds, Lake Oconee. The Glen is also located on Lake Oconee, Georgia s second-largest lake. The ample recreational opportunities and location have made the area a popular retirement destination.

GILBERT, AZ – Olympus Property, a renowned real estate investment and property management company, announced the successful acquisition of Aiya, a 360-unit garden-style community nestled in the heart of Gilbert, AZ. Crafted in the image of a high-end resort, this Class A newly developed property is widely regarded as Gilbert’s top retreat and has earned recognition by the National Association of Home Builders as the ‘Best in American Living – Top Multifamily Communities’ (2021).
Olympus Property currently oversees a portfolio comprising approximately 5,000 units spread across 16 Class A properties in the Phoenix metro area. Of these, five are strategically situated in Gilbert, totaling 1,525 units. “Aiya will be an excellent addition to our existing footprint in one of the best-performing submarkets in Phoenix,” notes Chase Bennett, Olympus Property’s Executive Managing Director. “Our robust presence and extensive experience in the area uniquely positions us to effectively manage the asset in this thriving market and will undoubtedly contribute to the Property’s ongoing success,” adds John Vu, Associate Director of Acquisitions at the company.
Aiya is situated in the heart of the rapidly expanding Southeast Valley, surrounded by both established and emerging economic centers. Within a ±30-minute drive, the Property has access to ±19,000 businesses and ±490,500 employees led by Gilbert’sGateway Employment Area, Elliot Road Technology Corridor, and Central Business District, as well as Chandler’s Airpark and Price Corridor, the state’s leading high-tech corridor. Collectively, this represents the highest compilation of high-tech, finance, and business services employers in Arizona, backed by industry leading companies such as Northrop Grumman, Deloitte, Morgan Stanley, Honeywell, Bank of America, Boeing, Intel (Ocotillo Campus), Wells Fargo, and Liberty Mutual Insurance.
Residents at the community have access to premier lifestyle amenities, including an esteemed school district and proximity to 3.2 million sq. ft. of shops, restaurants, and entertainment, highlighted by the bustling SanTan Village mall.
As a best-in-class community, Aiya pairs clean contemporary aesthetics with environmentally conscious appointments. Common area offerings emphasize luxury and a sustainable lifestyle and include an expansive swimming pool and spa, oversized cabanas, firepit, and a centerpiece water feature. Additional amenities include a spacious covered patio, barbecue grilling stations, open-air social lawn, dog park, and premium fitness center. Units are well-appointed and feature 9′ ceilings, stainless steel appliances, quartz countertops, subway tile backsplashes, wood-style vinyl plank flooring, in addition to full-size washers and dryers.

CHESHIRE, CT – Blue Vista Capital Management announced the close of its acquisition of a 300-unit Class-A multifamily development in Cheshire, Connecticut. The acquisition was made in partnership with Eastpointe LLC.
The newly acquired development project will be comprised of eight 3-story and one 4-story garden style apartment buildings. The buildings will offer a range of studio, one, two and three-bedroom options to prospective residents. In addition to the living spaces, the development will feature a 7,500 sf clubhouse with a fitness center, seasonal swimming pool, co-working spaces, an outdoor dog park and a guest suite.
Moreover, the location of the development provides easy commuting between New Haven, Hartford and Fairfield Counties. The development is part of Stone Bridge Crossing, a new master-planned community which will include for sale townhomes, a retail center hosting national and local retailers, senior housing, restaurants, a hotel, and a gas station.
This acquisition reflects Blue Vista s proven strategy of developing high-quality multifamily in undersupplied markets backed by strong demand drivers, said Brandon Goetzman, Managing Principal and Co-Head of Equity Group at Blue Vista. We are pleased to further our partnership with Eastpointe to deliver modern, large-scale apartments to Cheshire s growing and highly affluent population.
We are pleased to partner with Eastpointe for the third time to deliver a top-tier residential option in Chesire and look forward to continuing to identify value-add multifamily opportunities across the Connecticut market and beyond, said Alexa Weston-Shanahan, Vice President at Blue Vista.
The acquisition represents Blue Vista and Eastpointe s third multifamily investment in Connecticut following the development of The Pointe at Dorset Crossing in Simsbury and The Preserve at Great Pond in Windsor.

LOS ANGELES, CA – Cityview, a premier multifamily investment management and development firm, and Stockbridge, a private equity real estate investment management firm, have commenced construction on Apollo, a 265-unit multifamily development in Los Angeles South Bay. Slated to complete in 2025, the LEED Silver, transit-oriented development is located in a high-growth area of the South Bay near major tech, automotive and aerospace employers, including SpaceX, the Tesla Design Center and Ring.
Los Angeles South Bay is quickly becoming one of the most desirable areas in Southern California, and we are looking forward to working with Stockbridge to deliver much-needed residential offerings that will help support the area s rapid population growth and revitalization, said Sean Burton, CEO of Cityview. Apollo will offer highly amenitized residences tailored to the surrounding community.
Located at 12888 Crenshaw Boulevard, Apollo is within five miles of more than 260,000 jobs, two blocks from the Metro Green Line and close to Los Angeles International Airport (LAX), SoFi Stadium, extensive dining and entertainment offerings and some of Southern California s most popular beaches.
Residents will have the option of studio, one-bedroom and two-bedroom floorplans that feature stainless steel appliances, quartz countertops, luxury vinyl plank flooring, smart thermostats, keyless entry and smart home systems. Turnkey fiber optic internet and Wi-Fi will create strong connectivity throughout the community.
Apollo s comprehensive set of amenities will include a resort-style pool and spa deck featuring loungers, daybeds and sweeping views of the South Bay. For those who work remotely and need a space to collaborate, work and focus, a large CV Works coworking center will offer community workspace, private offices, a conference room and privacy booths for calls. Catering to the area s engineering and aerospace demographic, a maker space will feature a podcast room, 3D printer and other technology-focused amenities.
A state-of-the-art indoor fitness center will be connected to the outdoor strength and stretching area with large folding doors, while an indoor-outdoor community room will feature a custom commercial grade kitchen for community-hosted cooking classes and private as well as semi-private events.
Three lush open-air courtyards will provide everything residents need to connect and unwind, including an entertainment lounge, a pool table, Korean BBQ grills, fire pits, lounge seating, gathering tables and a variety of dining areas.
Apollo will feature a retro futuristic design aesthetic that is inspired by a mix of nostalgic coastal style, laid-back Los Angeles living and bold ideas for a better future. The largest digital display in the South Bay, a joint public/private partnership with the city, will deliver a mix of advertising and community programming to the neighborhood.
The transit-oriented project will feature ample secure bike lockers and storage, as well as a transit kiosk that facilitates the usage of public transportation by providing information for residents and the surrounding community about the rail and bus schedule. A walk and bike path located directly behind the community further facilitates an easy commute for residents.
Planned to achieve LEED Silver and FitWel certification, Apollo will be 20-30% more efficient than similar non-green buildings, which will reduce building operating expenses and utility costs for tenants. Its host of sustainable features will include high efficiency windows and HVAC, Energy Star certified appliances, a solar thermal water system that relies on renewable energy, ultra-efficient low flow water fixtures and enhanced indoor air quality.
Construction financing for the project was provided by two long-term lenders of Cityview, City National Bank and Banc of California. Cityview and Stockbridge are partnering with WPIC Construction, AC Martin, Nadia Geller Designs and MJS Landscape Architecture on the project, which is expected to create more than 1,000 jobs.
In addition to Apollo, Cityview s other LA-based developments include The Parker, a 123-unit multifamily development in the heart of Los Angeles, and Belle on Bev, a 243-unit multifamily project in Los Angeles Historic Filipinotown (HiFi), both slated to deliver this year. The firm also recently completed Jasper, a 296-unit opportunity zone project located near Downtown Los Angeles.

BOERNE, TX – Morningside at Menger Springs is expanding its senior living campus with 86 new independent living terrace homes, an amphitheater, a dining venue, a fitness center, pickleball court and a covered pool.
Owned and operated by Morningside Ministries, Menger Springs is the area’s only life plan community to offer higher levels of care on the same campus. The upcoming expansion will incorporate an additional eight acres adjacent to the community’s 34-acre property near Menger Creek. Construction is slated to start in November, with occupancy planned for summer 2025.
Project leaders took a hybrid approach to developing the terrace homes by blending concepts from the community’s existing independent living offerings. The plan features four two-story residential buildings with one and two-bedroom floor plans ranging from 946 to 1,751 square feet.
“Menger Springs currently has cottages and apartments, so we wanted to introduce a unique residential option for active older adults that’s walkable, pet-friendly and stands apart from conventional apartment-style or high-rise living,” said Brooks Powell, executive director.
Plans include manicured and natural outdoor spaces, lush courtyards, pocket parks, front sidewalks and paved walking trails connecting the new development with the rest of the Menger Springs campus and amenities.
Within each of the four residential buildings is an activity room where residents can gather for happy hours, card games or other social activities. All terrace homes will boast elevated finishes, walk-in closets, a washer and dryer, a walk-out patio (first-floor) or balcony (second-floor), and a sunroom.
“The sunrooms are a special feature because they’ll be fully climate-controlled and seamlessly blend with the living area space,” said Brooke Craig, marketing director. “With windows on three sides, they’ll also provide plenty of natural bright light, which we know from our focus groups that residents love.”
While the terrace home expansion is for active older adults who live independently, anyone who moves into the community will have priority access to higher levels of health care if they ever need it, including assisted living, long-term care or short-term rehabilitation.
Complementing the terrace homes are common areas where residents can relax, dine, stay active, socialize and soak up the scenery. Plans include a residential clubhouse with a dining and bar area, commercial kitchen and 120-seat community room.
Other new amenities – accessible to residents campus-wide – include a fitness center, pickleball court, heated covered swimming pool and an amphitheater. The versatile space will provide a backdrop for outdoor programs — from concerts and plays to movies and worship services.
Architectural design elements include metal, wood, stone and stucco – exterior materials consistent with the region’s Texas Hill Country aesthetic. ;San Antonio-based Metropolitan Contracting Company is the general contractor for the project. Global firm HKS is the design architect.

SAN DIEGO, CA – MG Properties, a leading real estate investment and management company, announced its recent acquisition of Artist Walk Apartments, located in Fremont, California.
Artist Walk is a 185-unit mixed-use community with 30,000 sq. ft. of ground floor retail, completed in 2017. Strategically situated in the heart of Fremont, the dynamic mix of popular local retail tenants has created a vibrant mixed-use community, supporting a sense of community, and providing onsite amenities for residents.
“We are thrilled to welcome Artist Walk Apartments to the MG Properties portfolio,” said Jeff Gleiberman, President of MG Properties. “We continue to believe in the long-term economic potential of the Bay Area and are pleased to add another high-quality property to our portfolio there.”
The seller, Clarion Partners, was represented by Jason Parr, Seth Siegel, and Scott MacDonald of Cushman and Wakefield. Financing for the transaction was provided by Freddie Mac and arranged by CBRE Capital Markets’ Andrew Behrens, Jesse Weber, and Stephen Baird.

TAMPA, FL – 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 Marlowe South Tampa, the latest Marlowe-branded apartment community, has begun pre-leasing.
“Marlowe South Tampa is a unique community, featuring an expansive amenity courtyard with a resort-style pool, private cabanas and relaxing outdoor lounge spaces, as well as more than 12 acres of protected ponds and wetlands surrounded by natural vegetation and inhabited by local wildlife,” Alexandra Kozak-Mehta, Director, Development, Greystar, said. “We know outdoor space is more important than ever for our residents, which is why we designed so many outdoor amenity options and have private screened in balconies in nearly every unit. We have built a sophisticated community with high quality finishes inside and out that we know residents will love, and we can’t wait to start welcoming them home.”
Marlowe South Tampa will offer studio, one-, two- and three-bedroom floorplans as well as two- and three-bedroom townhomes. Apartment homes will feature outdoor spaces, quartz countertops, luxury vinyl tile flooring, Nest thermostats, smart locks and keyless entry as well as keyless guest access. Screened-in porches are available in some residences. Some apartment homes feature views of the nature preserve.
The community is just minutes from Bayshore Blvd., the longest continuous sidewalk in the United States, where residents can take in views of the city skyline, the water and enjoy a variety of recreational activities. Hyde Park Village provides high-end specialty shops, restaurants and entertainment just a short drive away and nightlife is just minutes away in SoHo.