GREENFIELD, IN – Equity Property Management announced the groundbreaking of Whitman Villas, the second major residential development in Hancock Gateway Park, a 200-acre Planned Unit Development. Named in honor of Walt Whitman, the luxury townhome community represents the next phase of EPM’s $460 million master-planned mixed-use community, strategically located just south of I-70 and west of Mt. Comfort Road in the Mount Comfort Corridor.
Whitman Villas is designed to meet the rising demand for housing in the rapidly expanding Mount Comfort Corridor—just minutes from downtown Indianapolis. The community will feature 108 luxury townhomes with a range of spacious floor plans, from 2BR/1.5BTH (1,285 sq. ft.) to 3BR/3.5BTH (1,507 sq. ft.).
The first homes are slated for rental in Spring 2026, with full community completion expected in the second half of 2026. Each residence will offer premium finishes, direct-access two-car garages, and contemporary layouts that reflect EPM’s commitment to best-in-class communities.
Whitman Villas follows the successful completion of Riley Crossing at Gateway Park Apartments, delivered in Fall 2024 as the first phase of market rate residential development at Hancock Gateway Park. Riley Crossing introduced 204 modern apartments across six three-story buildings, establishing a vibrant foundation for the growing community.
John H. Cox, President and CEO of EPM stated, “Whitman Villas marks another important step in realizing our vision for Hancock Gateway Park. Building on the momentum of Riley Crossing, this new townhome community will provide families and professionals with a luxury living option that combines modern design, convenience, and direct access to one of the fastest-growing corridors in Central Indiana. We are proud to continue our partnership with Hancock Regional Hospital and remain committed to the growth and vitality of Hancock County.”

MINNEAPOLIS, MI – Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, acquisition, investment management, and operation of high-quality residential communities, announced the opening of its first student housing development in Minnesota, The Standard at Dinkytown. The 17-story community at 521 15th Ave SE in Minneapolis offers 1,021 beds.
BKV Group served as the project’s architect with Landmark Construction serving as general contractor. The building contains several distinct floor plans across its 323 units, ranging from studio to five-bedroom apartments. All units feature a gourmet kitchen with quartz countertops, stainless-steel appliances, ample cabinet space, hardwood-style flooring, en suite bathrooms and in-unit laundry. Each apartment is fully furnished and wired for high-speed internet and cable.
“We look forward to welcoming The Standard at Dinkytown’s first residents ahead of the 2025-26 academic year,” said Jason Doornbos, Chief Development Officer of Landmark Properties. “The Standard’s proximity to campus, top-of-market amenity package, and well-appointed residential units have made it the top off-campus housing option for area students seeking housing for the Fall 2025 term. Congratulations to our hardworking Landmark team for getting this project ready for move-in ahead of the upcoming school year.”
The Standard’s expansive amenity package provides residents with a resort-style outdoor pool area equipped with a jumbotron, sun deck, cabanas, outdoor grilling stations and rooftop hot tub overlooking Minneapolis and the Mississippi River. They also have access to an interior courtyard activity area, fitness center, clubhouse with computer lab, gaming lounge, study lounge with café and Amazon package lockers. The Standard at Dinkytown offers covered, secure on-site parking for residents with dedicated areas for scooters and bicycles.

DALLAS, TX – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, announced the financial closing and groundbreaking of a 370-unit luxury multifamily community in Carrollton, Texas.
Strategically located near job centers in North Dallas and public transit, the development is designed to meet surging demand for larger, high-quality residences in the densely populated Dallas-Fort Worth (DFW) metropolitan area.
The new community, known as Jackson Road, is located at 2255 N. Broadway Street and will feature one-, two-, and three-bedroom homes with dens. The average unit size will exceed 1,000 square feet, catering to working professionals and families in need of space for remote work and flexible living.
As the cost of homeownership continues to rise across North Texas, renters are seeking spacious, well-connected communities that support modern lifestyles, said Alena Savera, Vice President of Development at The NRP Group. Jackson Road s expansive floor plans, amenities, and easy access to transit and major employment centers will deliver an elevated living experience for Carrollton residents that s increasingly hard to find.
Located near the intersection of the I-35E and the President George Bush Turnpike, the site offers quick access to key job markets in neighboring cities and submarkets throughout North Dallas. The project is also within walking distance to DART s Green Line and the new Silver Line commuter rail that will connect Carrollton to Plano and DFW Airport.
The 661,000-square-foot development is four levels tall. Each residence within the new rental community will feature high-end finishes, complete kitchens, and in-unit laundry for added convenience. Residents will have access to a range of upscale amenities, including a resort-style pool, a 24-hour fitness center, a landscaped courtyard, a dog park with wash stations, and a fully equipped business center.
The development s architecture and design draw inspiration from historic train stations, blending classic elements with contemporary, modern aesthetics. The community will also offer walkable access to parks, retail, and dining offerings, tapping into Carrollton s vibrant and diverse cultural scene.
The Dallas-Fort Worth metro area remains a priority market for The NRP Group. The firm has developed over 7,000 units across more than 30 properties in the region, and recently broke ground on the following new housing developments in the area: Cora, a 340-unit mixed-income housing community in Anna, Texas; Sutton Flats, a 300-unit market-rate multifamily community in Howe, Texas; The Whitley, an upscale 330-unit multifamily community in Princeton, Texas; and Ascent at Mountain Creek, a 324-unit mixed-income housing community in Dallas.
Financial partners for Jackson Road include equity partner H.I.G Capital and lender First Citizens Bank. Construction commenced this month, with completion and initial occupancy scheduled for Q4 2026.

KANSAS CITY, MO – Bow River Capital, a Denver-based alternative asset management firm with $4.4 billion in assets under management, announced the acquisition of Brookside Commons, a newly constructed 212-unit Class-A multifamily community located in Kansas City, Missouri. This marks Bow River s third multifamily acquisition in the Kansas City market, following the successful purchases of Gallerie (361 units) and Icon (57 units).
Built in 2023, Brookside Commons aligns with Bow River s investment strategy of acquiring high-quality, undervalued assets in resilient and growing markets. The transaction was completed at more than a 24% discount on today s replacement cost, offering attractive relative value in a supply-constrained market. Financing was arranged through Berkadia s Denver office in partnership with Fannie Mae.
Brookside Commons checks every box for us — newer vintage product, highly desirable location, and strong demand drivers supported by stable and growing employment sectors, said John Layton, Director at Bow River Capital. This investment reinforces our conviction in Kansas City as a long-term growth market and underscores our strategy of acquiring well-located assets at a discount to intrinsic value.
Strategically located near the Country Club Plaza and Downtown Brookside, the property benefits from both proximity to major retail corridors and the economic insulation provided by surrounding medical and education institutions, including Research Medical Center, KU Medical Center, St. Luke s Health System, and the recently announced $34.5 million Center for Clinical Advancement by Research College of Nursing and HCA Midwest Health.
Kansas City continues to distinguish itself among U.S. metros with steady, positive rent growth, defying the national trend of softening rents in oversupplied markets. With a measured development pipeline and increasing demand from healthcare and education professionals, we believe Brookside Commons is well positioned to thrive in a market supported by durable, recession-resistant industries.
Bow River Capital intends to deepen its footprint in Kansas City, taking advantage of current market dislocations and favorable long-term fundamentals. The acquisition of Brookside Commons further expands the firm s growing multifamily portfolio across the central United States.
This latest investment follows Bow River s recent acquisition of Camden Midtown, a 337-unit, three-story multifamily community in Houston. Together, these moves underscore Bow River s strategic expansion across what it calls the Rodeo Region —a collection of high-growth markets across Texas and the central U.S., where demographic tailwinds and value opportunities continue to align.

CHARLOTTE, NC – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, announced the groundbreaking of The Airedale, a new three-story, 348-unit luxury multifamily community in Charlotte, North Carolina. The Airedale will be Toll Brothers Apartment Living s first rental community in the state. The community is being developed as part of a joint venture with International Capital, LLC and financed through a construction loan facility from TD Bank.
The recent groundbreaking celebration was attended by Toll Brothers Apartment Living leadership and The Airedale s development partners. The Airedale is anticipated to open in fall 2026
We are excited to officially break ground at The Airedale, our first multifamily community in North Carolina, said John McCullough, President of Toll Brothers Apartment Living. Toll Brothers Apartment Living is known for building extraordinary communities in thriving locations, and The Airedale will set a new standard for luxury living in Charlotte.
The Airedale will offer a mix of one-, two-, and three-bedroom floor plans. Each apartment home will include luxury finishes and upscale features, including quartz countertops, stainless steel appliances, soft-close cabinetry with under-cabinet lighting, and kitchen islands. The apartment homes will also feature modular closets, private balconies, and smart home technology.
Residents will enjoy an 8,200-square-foot clubhouse, adjacent to an expansive pool and sundeck with cabanas, an outdoor grilling and dining area, a hammock garden, and green space with lawn games. The community will offer a 24/7 fitness center with individual workout pods and an outdoor fitness lawn, a catering kitchen and a private dining room, a coworking suite with individual work pods and a conference room, a pet spa and a half-acre pet park, and a coffee and hydration bar as well as on-demand beverage taps. Additional community amenities will include a grab and go market, a package room with cold storage, and community-wide Wi-Fi.
The Airedale represents our commitment to delivering thoughtfully designed communities with elevated living experiences, said Michael Skena, Managing Director of Toll Brothers Apartment Living in the Mid-Atlantic region. With modern residences, best-in-class amenities, and a location that puts the best of Steele Creek and Charlotte within reach, The Airedale will offer residents a community defined by comfort, style, and convenience.
The Airedale is situated on a 19.75-acre site located at 13607 Choate Circle in Charlotte. This vibrant area boasts ample dining and shopping, including the RiverGate Shopping Center and Steele Creek Crossing, as well as proximity to outdoor recreation. The Airedale is located near Interstates 77 and 485, and South Tryon Street, giving residents easy access to South End, Uptown, and regional employment centers.

NEW YORK, NY – Pacific Urban Investors, a multifamily owner-operator and investment manager, has completed its eighth acquisition in the New York Metro, increasing its regional portfolio to 1,966 units. The newly acquired community, The Garnett at 146 South 4th Street, consists of 113 units located in the desirable Williamsburg neighborhood of Brooklyn. This investment marks Pacific Urban s 16th property on the East Coast, reflecting continued strategic expansion into key markets, including Boston, the Mid-Atlantic, and the Southeast.
We are excited to expand our East Coast portfolio with the acquisition of The Garnett, a high-quality community located in Williamsburg, one of New York City s most dynamic neighborhoods, said Matt Lederer, Vice President of Investments. Williamsburg remains a submarket of focus for our platform given its proximity to Manhattan, strong demographic trends, vibrant lifestyle amenities, and various transportation options. The Garnett reinforces our commitment to investing in core, job- and amenity-rich locations that provide residents with exceptional living experiences. We are eager to continue expanding across the East Coast and have significant discretionary capital allocated for that purpose.
The Garnett is located right off Bedford Avenue, Williamsburg s primary commercial corridor, known for its restaurants, cafes, retail, and entertainment. Domino Park is a 10-minute walk from the property. The neighborhood offers a residential feel while providing convenient access to major employment hubs, including over 7.5 million jobs across the New York Metro area—more than 4.7 million of which are based in Manhattan s 607 million square feet of office space—and over 1.1 million jobs in Brooklyn alone. Built in 2011, The Garnett is a contemporary high-rise with modern industrial design, functional floor plans, condominium-quality unit interiors, and an expansive amenity set for its size. Amenities include a fitness center, resident lounge, bike storage, laundry room, and a rooftop deck with unobstructed views of the Manhattan and Brooklyn skylines. The property also features both an on-grade parking garage and an above-grade structured parking deck.
The Garnett is an exciting investment for the firm, marking its third in New York City since opening its office there in 2018. Investment economics have improved remarkably over the past few years in the city and demand characteristics have remained extremely favorable resulting in compelling yields and high occupancies. The combination of these two results in an investment that fits squarely within Pacific s mandate, to provide growing and durable cash flows to our investors while preserving a value proposition for our residents, said John Fluke, Managing Director of Investments. Additionally, changes to New York s 421(a) program should result in some incremental headwinds to new supply, further bolstering the operating fundamentals of existing assets, and adding to that durability of income.

SAN ANTONIO, TX – 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 acquisition of Woodland Cottages, a purposefully designed, build-for-rent community in the booming town of Fredericksburg, Texas. The 62-unit, active adult community was acquired on behalf of CS1031 Texas Active Adult Living I, DST, which seeks to raise equity from accredited investors.
“Capital Square is bullish on various segments of housing for the Section 1031/DST platform,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “First it was multifamily communities, Class A and B, then age-restricted manufactured housing communities in Florida, next conventional build-for-rent communities in the Southeast and now an active adult build-for-rent community in Texas. Our goal is to provide housing investments that generate both stable returns and strong capital appreciation.”
Located in historic Fredericksburg, at 161 Friendship Lane, Woodland Cottages features ADA-compliant rental homes tailored for active adults. The community has 20 one-bedroom residences, averaging 899 square feet, and 42 two-bedroom residences, averaging 1,355 square feet. Each home includes spacious, open-concept layouts with zero-threshold showers and other aging-in-place features. Community amenities include a 6,000-square-foot clubhouse, where weekly activities are hosted, as well as a swimming pool, fitness center and dedicated resident concierge to foster a vibrant and socially connected lifestyle.
Fredericksburg is one of the fastest-growing regions in the nation. Within a 50-mile radius, the area has had 18.8% population growth over the past five years, driven by its strong appeal among retirees and lifestyle-oriented residents. The region was recognized as a “Top Retirement Dream Area” in 2025 by Scout Report. Additionally, rents in Fredericksburg have increased by 12.2% annually, among the highest growth rates in the U.S.
“The launch of this offering highlights the increasing demand for purpose-built, active adult rental communities in lifestyle-driven markets like Fredericksburg,” said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. “Fredericksburg offers exceptional regional demographics, rising rent trends and expansive regional growth, and we believe that this property is uniquely positioned to provide high-quality housing and the potential for long-term value to our investors.”
Home to over 80 wineries, Fredericksburg ranks as the second most visited wine tourism destination in the nation, just behind Napa Valley, CBS News reported in 2023. Situated 80 miles west of Austin and 70 miles north of San Antonio, Fredericksburg is also renowned for its Main Street historic district. The area has an unemployment rate of 2.7% as of April 2025, a full basis point below Texas’ 3.7% and 1.2 basis points below the national rate of 3.9%, reports Colliers. Approximately 33.9% of the city’s population is 65 or older. More than 1 million people visit Fredericksburg annually, generating $175 million in tourism revenue and supporting around 1,200 local jobs, according to the 2025 Fredericksburg, TX Convention & Visitors Bureau Economic Impact Report.

SAN ANTONIO, TX – Cove Capital Investments Founding Partners, Dwight Kay and Chay Lapin, announced the Delaware Statutory Trust sponsor firm successfully completed the purchase of a brand-new Build-to-Rent multifamily residential home community in San Antonio, TX. The purchase completes the formation of the firm’s Cove Texas Build-to-Rent 97 DST, a Regulation D, Rule 506(c) offering that has a $27,223,181 equity raise.
The Cove Texas Build-to-Rent 97 DST features a community of 83 newly constructed single-family rental units featuring high-end, resort style amenities and located in the thriving city of San Antonio, TX.
“This DST offering offers prospective investors an exceptional opportunity to invest in a trophy asset in one of San Antonio’s most sought-after submarkets. The Cove Dallas Build-to-Rent 97 DST is in direct proximity to some of the city’s largest employers and top-ranked schools, along with offering an extensive amenity package that includes a resort-style pool and a lazy river that continues to be a major attraction for current and prospective tenants,” said Kay.
The Cove Dallas Build-to-Rent 87 DST offering was constructed in 2024 and currently has an occupancy rate of 95% as of July 30,2025. Each of the 83 rental homes has an average square footage of 1,861 square feet. In addition, this DST offering has significant income potential for investors as there is room for potential rental rate increases as leases roll over in the coming months adding to the potential for growing revenue and Net Operating Income (NOI).
With homeownership becoming increasingly difficult for young families due to rising home prices and mortgage rates, the Build-to-Rent or “BTR “real estate asset class has experienced strong demand from both tenants and investors.
For investors, the build-to-rent model delivers critically needed housing inventory to supply-constrained markets, providing for potentially strong demand fundamentals. In addition, because landlords can reset rents each year, the BTR model also provides investors a potential hedge against inflation.
Conversely, while tenants benefit from the flexibility of lease agreements, they are also shielded from the financial obligations typically associated with single-family homeownership such as rising insurance and maintenance costs.

ANN ARBOR, MI – Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, acquisition, investment management, and operation of high-quality residential communities, announced the delivery of The Legacy at Ann Arbor, a new, 521-bed student housing community at 616 E. Washington Street in Ann Arbor, MI.
Developed in a joint venture with Cerca Trova and designed by ESG Architecture & Design, The Legacy at Ann Arbor is comprised of two interconnected buildings – a 19-story high-rise and mid-rise structure attached to the historic Michigan Theater. Landmark Construction served as the project’s general contractor. The Legacy at Ann Arbor is fully leased ahead of the 2025-2026 school year.
“We’re confident that this amazing project will exceed the expectations of our new residents who started moving in on August 1st,” said Jason Doornbos, Chief Development Officer at Landmark Properties. “Congratulations to our Landmark Construction team and vendor partners on bringing this project online well ahead of the academic year.”
The Legacy at Ann Arbor offers residents a mix of studios to five-bedroom apartments across 253 units. Well-appointed apartments come fully furnished and wired for high-speed internet and cable. Each unit features stainless-steel appliances, quartz countertops, hardwood-style floors, and in-unit laundry.
The development contains more than 9,700 square feet of amenities, including a rooftop pool deck and resident clubroom with outdoor grilling, a gaming lawn and firepit seating area, a comfortable academic lounge, fitness center and bike storage. The Legacy at Ann Arbor also has 4,150 square feet of ground-floor retail space and on-site gated resident parking. The building is immediately adjacent to the University of Michigan campus and a number of dining, entertainment and retail options in the heart of downtown Ann Arbor.
“When it comes to location, The Legacy is second to none,” says Howard Frehsee, principal of Michigan-based Cerca Trova, LLC, who co-developed the project. “The building is a one-minute walk to the Diag (i.e. the center of campus), less than 10 minutes on foot from Main Street and Kerrytown, and a five-minute walk to South University. Its proximity to campus and other popular attractions not only makes Michigan’s winters more tolerable, but The Legacy’s unparalleled quality, comfort, space, and amenities are deserving of tomorrow’s leaders. Congratulations to our entire Landmark and Cerca Trova teams.”

ORLANDO, FL – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Cortland Vera Sanford community in Orlando, Florida. This successful close represents the ninth investment in Knightvest’s Fund II, which remains open to new investors through 2025.
Built in 2018, the 332-unit apartment community is located in Sanford, Florida, a high-income suburb of northern Orlando. The property features a unique mix of units, including two-story townhomes with attached garages. Knightvest plans to renovate the majority of the units and make substantial upgrades to the community’s amenities and common spaces. As part of the renovation efforts, Knightvest has renamed the community to The Walton.
“This acquisition reflects our continued strategy of targeting high-quality, differentiated multifamily assets in growing Sun Belt markets,” said David Moore, Knightvest founder and CEO. “With a steady influx of new residents, strong job creation, and limited new supply driving sustained demand for quality housing, Orlando exemplifies the kind of high-growth Sun Belt market we target. We’re excited to expand our presence in the region and implement our proven strategy at The Walton by elevating a community through thoughtful renovations.”
The property’s low-density footprint and proximity to major employment hubs underscore its appeal in a market where replicating such a product has become increasingly cost-prohibitive. The acquisition extends Knightvest’s footprint in Central Florida, with additional Orlando-area opportunities in the pipeline.