NEW YORK, NY – Hudson Valley Property Group (HVPG), a leading, national affordable housing preservation company, announced the acquisition of a 22-property portfolio comprising 4,768 units across the western United States. With this acquisition, the properties transition to HVPG ownership, seeking to ensure residents benefit from the high standards of living and affordability displayed across the firm’s entire portfolio.
The portfolio acquired includes properties in four western states thirteen in Washington, seven in Colorado, one in California and one in Idaho – concentrated significantly in the Denver, Seattle, and Spokane metro areas. The properties are subject to low-income housing tax credit (LIHTC) rent restrictions and tenants must be income qualified earning no more than 60% of area median income (AMI).
HVPG plans to make physical improvements and implement the firm’s Community Enhancement Program across the 22 properties. This initiative aims to foster vibrant, responsible and safe communities through site-specific emergency plans, active collaboration with local police departments and enhanced, high-definition monitoring systems providing sitewide coverage.
HVPG’s commitment to preservation extends beyond physical improvements to preserving affordability amidst rising market rates. HVPG has entered partnerships with local Housing Authorities, such as the Washington State Housing Finance Commission and Colorado Housing and Finance Authority, and other nonprofit organizations, such as Hearthstone Housing Foundation and Horizon Housing Alliance, to pursue improvements to safety and quality of life and seek to ensure long-term affordability for residents. HVPG will look to maintain and/or expand resident services programming and amenities at the sites as they’ve done across their existing portfolio.
HVPG acquired the portfolio from Inland Group in a joint venture partnership with Wheelock Street Capital, a private real estate investment firm with offices in Greenwich, CT, Boston, and Los Angeles. Wheelock provided the majority of the equity capital out of its Long Term Value Fund. Goldman Sachs served as financial advisor to the seller, and Newmark served as the broker.
“The acquisition of these properties represents a landmark achievement for our firm, expanding our reach to 87 communities with 15,414 units across the Northeast, Midwest, Mid-Atlantic, Southeast and West,” said Jason Bordainick, co-founder and managing partner of Hudson Valley Property Group. “Our strong relationships with community stakeholders, built on trust and collaboration, along with our deep industry expertise, have been the cornerstone of our efforts to preserve and elevate the nation’s affordable housing stock. We remain focused on our mission to make investments that both improve the performance of the assets and enhance the quality of life for our residents.”
“The acquisition is Wheelock’s second partnership with HVPG and first investment in affordable housing out of the Wheelock Street Long Term Value Fund permanent capital vehicle,” said Jeffrey Laliberte, partner and head of acquisitions for Wheelock Street Capital. “Wheelock’s stable capital will aid in preserving the long-term rental affordability for the residents of the 22 properties.”
HVPG has expanded to the Midwest and now the West, while increasing its footprint in the Mid-Atlantic and Southeast. HVPG’s portfolio spans 12 states, attempting to further the firm’s mission of addressing the nation’s housing shortage by providing affordable, sustainable community assets that residents are proud to call home.

ROXBURY, MA – The NHP Foundation celebrated the grand reopening of Blue Mountain Apartments with a ribbon-cutting ceremony late last month. The revitalization of this historic Section 8 family property, located in Roxbury, MA, showcases NHPF’s commitment to preserving affordable housing in a gentrifying neighborhood and supporting very low-income families, including larger households that require spacious three, four, and five-bedroom units.
The Blue Mountain Apartments redevelopment is a landmark effort in affordable housing preservation, featuring the rehabilitation of 217 multifamily units across 19 buildings originally constructed between 1910 and 1930.
“NHPF recognized the urgency of saving these Section 8 homes in this growing neighborhood,” said Mecky Adnani, lead developer for Blue Mountain, “We took action and embarked on an acquisition and long-term preservation initiative to restore the property’s physical and historic integrity and provide newly renovated apartments for existing residents.”
The $112 Million refinance which included tax-exempt bonds, Low-Income Housing Tax Credits (LIHTC), a Risk Share loan, and federal and state historic tax credits, underscores the complexity and dedication required to preserve affordable housing for future generations.
Among the distinguished speakers at the event were Mark Teden, Vice President of Multifamily Programs, MassHousing who said, “MassHousing’s success in preserving affordable housing is exemplified by our work with NHPF on Blue Mountain Apartments, and we extend our gratitude to our joint venture lenders and development team for their commitment to creating quality housing for lower-income seniors and families.”
Additional speakers included Karen Kelleher, President, Loan Fund, Blue Hub, and Costas Paleologos, Senior Vice President, PNC Multifamily Capital, PNC Bank. Finally, Shirley Clark, a resident of Blue Mountain Apartments also shared personal remarks on how the revitalized community impacts her family.

DALLAS, TX – Leading multifamily developer Wood Partners announced the grand opening of Alta Park Central, a 297-unit, five-story multifamily community in North Dallas. The amenity-rich community is located near Medical City Dallas Hospital and the 17-mile White Rock Creek Trail.
“Location and accessibility are key factors potential residents are considering when choosing their homes,” said Matt Miller, Vice President of Development at Wood Partners. “The nearby Medical Center Dallas Hospital employs nearly 3,000 employees and the Dallas CBD, Dallas North Tollway, and Cityline employment hubs are just minutes away. With its trail connectivity and access to plenty of restaurants and retailers also a short distance away, Alta Park Central is an ideal living option for healthcare professionals and beyond.”
Alta Park Central features a mix of studio, one- and two-bedroom units. The luxury apartments have chef-style kitchens with granite countertops, stainless steel appliances, upgraded cabinets and fixtures, wood-style flooring and washers and dryers. Smart lock entry doors, USB outlets and Wi-Fi programmable thermostats are also included.
The community clubhouse at Alta Park Central features a state-of-the-art fitness facility with both Precor and CrossFit training equipment as well as yoga and spin capabilities. A resort swimming pool with a wraparound sun deck and plush seating is available for residents and guests, along with a large club space for social gatherings. Hybrid and remote workers can utilize the business center with conference areas and private micro-office workspaces. Complementing its location near the White Rock Creek Trail, the property includes a dog park and dog spa – perfect for residents’ furry companions. A Sky Lounge with beautiful neighborhood views is located on the fifth floor.
Wood Partners continues to expand its presence across Texas. With 23 multifamily communities currently in its Texas portfolio, Wood Partners remains very active in the state.

KNOXVILLE, TN – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the topping out of Livano Knoxville, a 348-unit, Class A multifamily community development located within a qualified opportunity zone in Knoxville, Tennessee. The project, which is being developed in partnership with LIV Development, broke ground in June 2023 with first move-ins anticipated in spring 2025.
“Livano Knoxville is Capital Square’s eighth opportunity zone fund. By investing in the fund, investors are able to defer and exclude their capital gains from the sale of any asset,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “By creating jobs and tax revenue, Livano Knoxville is satisfying the legislative intent of the opportunity zone legislation in addition to providing much needed housing.”
Located at 451 W. Blount Ave., just south of the Tennessee River and adjacent to the University of Tennessee’s Neyland Stadium, Livano Knoxville will include studio, one-, two- and three-bedroom apartment homes averaging approximately 930 square feet. The property features 35 workforce housing units for residents who earn up to 80% of the area’s annual medium family income level.
Residents will have access to major employers, including the U.S. Department of Energy Oak Ridge National Laboratory, Covenant Health, the University of Tennessee, Tennessee Valley Authority, Knox County Schools, University Health System, The Dollywood Company, Clayton Homes, DENSO Corporation, Tennova Healthcare and Blount Memorial Hospital.
“Amidst the challenges for financing and construction costs that have hindered developments nationwide, Capital Square and LIV Development have been able to continue to carry out the development timeline for Livano Knoxville,” said Whitson Huffman, co-chief executive officer. “We are pleased to have reached this important milestone on this project that will deliver a luxury multifamily community to medium income residents of Tennessee’s third largest city.”
The development’s project team includes Niles Bolton Associates, Inc. as building architect, Design South Interiors as interior designer and Southern Building Group as general contractor.
Development of Livano Knoxville has been funded in part by Capital Square’s eighth qualified opportunity zone fund, CSRA Opportunity Zone Fund VIII, LLC. According to an economic impact study recently completed by FTI Consulting, construction of Livano Knoxville has generated significant economic and fiscal impacts on the surrounding community, including the creation of 634 new jobs. In turn, the development has generated $2.9 million in annual state and local tax revenue during construction and is projected to deliver $1.1 million in annual state and local tax revenue through building operations.

PEARLAND, TX – Venterra Realty recently acquired The Townhomes at Lake Park community located in Pearland, Texas. The 247-unit garden-style multi-family community is well located in Pearland, Texas, a suburb of South Houston.
Venterra has a long track record in Pearland, having managed St. Andrews Apartments dating back to 2012. This city is also the site of its current development project, The Delta Pearland, which will open in early 2025. Pearland is an affluent area located approximately 10 miles south of the Texas Medical Center and is known for having an excellent school district.
The property consists of multi-level townhome-style apartment homes, all with ground-floor access and most with attached garages. All apartment homes feature modern finishes including stainless steel appliances, granite countertops, full-size washers and dryers, and oversized closets. Residents at The Townhomes at Lake Park can enjoy resort-style amenities including a sparkling pool with a poolside grilling area, a 24/7 fitness center and direct access to Clear Creek Trails.
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 Pearland market and are excited to expand our Texas portfolio in Pearland with the addition of The Townhomes at Lake Park,” 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 The Townhomes at Lake Park by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

NEWTON, MA – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has acquired Modera Newton, a contemporary midrise apartment community located along the Charles River approximately nine miles west of Downtown Boston.
The community, formerly known as Allée on the Charles, features 205 apartment homes and was originally built in 2023, with a second building delivered in 2024. The community boasts a charming setting featuring immediate access to the Charles River Greenway and picturesque Forte Park. The commuter-friendly location is positioned less than seven miles west of Cambridge and offers direct connectivity to Boston via Interstate 90 (Massachusetts Turnpike).
“Newton is a great suburb within the broader Boston area with high barriers to entry and strong demographic trends,” said Kel Frazier, president of acquisitions for Mill Creek Residential. “We’re excited to welcome Modera Newton as our latest community addition.”
Situated at 2-4 Los Angeles Street, Modera Newton is amidst a locale known for its inviting atmosphere and strong emphasis on education and community. Newton features picturesque neighborhoods, high-performing schools and a wide variety of green spaces and recreational outlets. Major employers in the area include Newton-Wellesley Hospital, Boston College, Newton Public Schools and Brandeis University.
Modera Newton, composed of two buildings, offers studio, one-, two- and three-bedroom homes, including select live/work homes. The North Building is built to and is pursuing LEED Silver certification, while the South Building is Passive House certified, meeting standards of energy efficiency, comfort and affordability. Community amenities consist of a resort-style swimming pool, outdoor dining and grilling areas, conference room, private workstations, makers/art studio for creative projects, game area with shuffleboard and Ping-Pong, pet spa, indoor dog wash and a club-quality fitness studio with cardio equipment. Residents also have access to digital package lockers, bike room with storage and repair station, covered parking and public EV charging stations.
Home interiors include wood plank-style flooring, oversized windows, stainless steel appliances, quartz countertops, pull-down faucets, tile backsplashes, LED ceiling lighting, two-tone cabinets with black matte finishes, in-home washers and dryers, walk-in closets, programmable thermostats, key fob access, Butterfly MX™ intercom/video system and private patios or balconies. Bathrooms include soaking tubs, ceramic tiles, custom cabinets and wall-mounted LED fixtures above vanities. Select homes include glass showers.

AUSTIN, TX – Canyon Partners Real Estate announced that is has provided a preferred equity investment in a joint venture with Gilbane Development Company for the development of Aer, a 375-unit Class A multifamily project located in the South Lamar submarket of Austin, Texas.
The project is located approximately three miles south of downtown Austin along South Lamar Boulevard, an established corridor offering direct access to a variety of retail and restaurant amenities as well as nearby parks and hiking trails. The project is also conveniently positioned near major highways, including east-west Highway 71, north-south MoPac Expressway, and Interstate 35, allowing for seamless connectivity throughout the city and surrounding suburbs.
“Aer represents a unique development opportunity in Austin’s South Lamar submarket, a neighborhood characterized by strong demand yet limited new supply,” said Adam Moore, Vice President of Development at Gilbane. “As the city experiences continued growth and demand for high-quality rental housing, we are excited to partner with Canyon to develop the first eight story podium building on South Lamar.”
Canyon has been an active provider of debt and equity in Texas and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has capitalized ~$2 billion of total projects across all asset types in the state of Texas. Aer marks Canyon’s fourth investment in the Austin area over the past five years.

HOUSTON, TX – Cresset Real Estate Partners announced a joint venture with Fidelis Residential Partners, a division of Fidelis, to develop a nine-building, 252-unit multifamily community in Willis, Texas, which is in the greater Houston area. The project, named Fidelis Willis, is the latest development funded by Cresset’s third Qualified Opportunity Zone (QOZ) fund, Cresset Diversified QOZ Fund III (“Fund III”).
The Fund provides private investment capital in some of the fastest-growing economies across the country with the goal of maximizing long-term capital gains for investors. Its predecessor, Cresset Diversified Qualified Opportunity Zone Fund II closed with more than $650 million in equity commitments.
The Fidelis Willis development is part of a larger community known as Moran Ranch, located along the I-45 corridor and within driving distance of major employment centers in north Houston such as The Woodlands. It is also within a recently completed HEB-anchored power center, developed in partnership between Fidelis and CALSTRS.
The 252 units will be situated within nine, three-story apartment buildings, featuring 120 one-bedroom units, 114 two-bedroom units and 18 three-bedroom units, with nearly 250,000 square feet of rentable space. The project is shovel ready and expected to break ground in late 2024, with construction to be completed by Q3 of 2026.
In addition to state-of-the-art apartment design, Fidelis Willis’ amenities will include a 24-hour fitness center, clubhouse, pool, dog park, game room and more.
“The Houston market continues to experience strong population growth as well as attract a diverse set of top tier employers”, said Jason Ross, Managing Director at Cresset Real Estate Partners. “In the post-pandemic world that we live in, where remote and hybrid work is more common, we have seen compelling investment opportunities within the greater Houston MSA, such as Fidelis Willis, as more and more people look towards the suburbs and prioritize cost of living and quality of life. We are excited to partner with Fidelis and include the Willis project as a strong portfolio investment in a viable and high growth community.”
To date, Fidelis Residential Partners, based in Houston, has developed four communities and sold two, totaling 604 units in the Houston area to date. The Fidelis Willis property expands the firm’s footprint in the area.
“The growth the north side of Houston is experiencing is happening even faster than we anticipated. This project will provide a much needed housing component for that growth and is a great addition to the HEB anchored retail development Fidelis is currently constructing. We are excited to partner with Cresset on this project and believe this location is perfect for our long term hold strategy,” said Ford Allen, Vice President at Fidelis Residential.
Since its launch in March 2018, the Cresset Real Estate Partners’ QOZ program has invested over $1.2 billion of equity in projects totaling more than 5.2 million square feet and $3 billion of total gross market value. Cresset’s QOZ Funds are designed to provide access to investments in institutional, urban core real estate opportunities in high-growth markets.
OHT Partners, a general contractor out of Austin, Texas, has been engaged for the development of Fidelis Willis. With significant ties to the Houston region, OHT Partners has been contracted by Fidelis for two of their most recent multifamily developments in Houston.

TAMPA, FL – Experience Senior Living announced the beginning of construction on The Gallery at South Tampa, an artfully crafted senior living community located at 5049 Bell Shoals Road in Valrico, Florida. As ESL’s eighth community in Florida and fifth on the Gulf Coast, this vibrant new addition to the ESL portfolio will redefine what retirement living can be in the Tampa area. The community is expected to open its doors by the spring of 2027, with a sales center opening in early 2025.
Designed to be as unique as the residents it serves, The Gallery at South Tampa will encompass 240,613 square feet of artfully curated spaces, offering a diverse array of living options. The community will feature 202 homes, including 30 independent living cottages, 89 independent living apartment homes, 45 assisted living apartments, and 38 memory care suites.
“We are thrilled to begin construction on The Gallery at South Tampa, a community where residents will not just live—they will experience a life full of purpose, creativity, and connection,” said Phill Barklow, president of Experience Senior Living. “As with all of our Gallery communities, we have carefully crafted a space that emphasizes engagement, wellness, and the joy of living, all within an environment that sparks the imagination and encourages a vibrant, artful lifestyle.”
With intentionally designed spaces, The Gallery at South Tampa will offer an array of amenities to elevate both physical well-being and creative expression. Amenities include a saltwater outdoor pool, a professional beauty salon, a fitness center, pickleball courts, and a movie theater. Multiple restaurant venues offering indoor and outdoor dining options will feature exceptional culinary creations and a full-service bar. Residents will have access to a variety of activity spaces where they can engage in arts, culture, and meaningful connections. Local art will be featured throughout the campus, bringing the spirit of Tampa into every corner of the community.
Situated on a picturesque 17-acre site, The Gallery at South Tampa will be designed to preserve the grandeur of its existing oak trees, with winding walking paths providing residents opportunities to connect with nature together. Curated courtyards and private gardens will offer spaces to relax and enjoy time with new friends.

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