NORFOLK, VA – The Port at East Beach, a premier waterfront multifamily community, has successfully completed its initial lease-up in less than eight months, exceeding expectations despite construction delays. Professionally managed and leased by Drucker + Falk, this achievement underscores the team’s ability to navigate challenges in a highly competitive market.
This newly constructed apartment community offers a sophisticated living experience with one-, two-, and three-bedroom floor plans featuring high-end apartment interior finishes and stunning water views. Residents enjoy exceptional amenities including a resort-style pool, convenient grilling areas, and inviting lounge spaces with amazing water vistas.
The resident clubhouse provides a perfect gathering spot, complemented by a convenient parking garage, smart apartment locks for modern living, and a secure package room. Adding to its unique appeal, the community features the newly renovated The Port at East Beach Marina, offering over 100 wet docking slips up to 60 feet in length that start at $270 per month. The onsite restaurant, Longboards, further enhances the vibrant lifestyle available right at home to this distinctive community’s residents.
Deidre Brown, Director of Multifamily Management at Drucker + Falk, shared, “I am thrilled that DF could complete this record-breaking lease-up in a highly competitive market, all while providing outstanding customer service. This is just another example of our ability to successfully lease-up a Class A Multifamily project with owners’ goals at the forefront of everything we do.”
The rapid lease-up of The Port at East Beach further solidifies Drucker + Falk’s reputation as a leader in multifamily property management, consistently delivering results and creating exceptional communities.

LAC DU FLAMBEAU, WI – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand opening ceremony for Forest Edge Apartments, a 40-unit, townhouse-style affordable housing development in Lac du Flambeau.
“We are proud to partner with Cinnaire Solutions and Wisconsin Management Company to bring high-quality, affordable housing to the heart of the Wisconsin Northwoods,” said Kevin McDonell, LAC Vice President and Regional Project Partner. “Forest Edge Apartments will support the local economy by giving workers and families a place to call home.”
Forest Edge Apartments features a mix of two- and three-bedroom homes with energy-efficient appliances, large closets, and complimentary internet packages for residents. The majority of units will be leased to those earning between 30 and 60% of the area median income (AMI), with 8 units reserved for residents with disabilities via Section 811 Housing Vouchers. Communal amenities include a fitness center, community room, business and meeting center, and a parcel room for package delivery. A significant portion of the property’s energy consumption will be offset by solar panels installed on each building.
The development was made possible through a partnership between LAC, Cinnaire Solutions, Quasar Development Group, and Wisconsin Management Company (WMC), with financing assistance from the Wisconsin Housing and Economic Development Authority (WHEDA), the Federal Home Loan Bank of Chicago, the Wisconsin Department of Administration, Cinnaire Lending, the Couillard Solar Foundation, Focus on Energy, and an Energy Innovation Grant.

ANNA, TX – Bridge Tower marked a major milestone with the grand opening of the Amenity Center at The Reserve at Arden Park, officially welcoming residents, partners, and city officials to the new construction Build-to-Rent community.
Located in the heart of Anna, a city rapidly emerging as a residential hotspot just north of McKinney, the 142-home development introduces a new standard of luxury rental living. The community blends the privacy and space of single-family homes and townhomes with resort-style amenities designed for modern lifestyles.
Now open to residents, the Amenity Center features a resort-style pool, indoor/outdoor yoga space, grilling stations, a full gym, a multi-purpose room, pool table, covered patio, and a playground. It also connects directly to the scenic Natural Springs Park trail, offering an active lifestyle and seamless access to nature.
“This isn’t just another housing development—it’s a community designed to meet the expectations of today’s renters,” said West Rathbun, Director of Property Operations at Bridge Tower. “We’ve created a place where people can thrive—where elevated design, comfort, and convenience come together.”
The grand opening event drew support from local real estate professionals, investment partners, and representatives from the AnnaChamber of Commerce, who participated in the official ribbon cutting ceremony.
Arden Park is the latest addition to Bridge Tower’s growing portfolio and reflects broader trends in the housing market, where high-quality rental homes are in increasing demand among families, young professionals, and relocating homeowners.
“Anna is growing quickly, and with that growth comes a need for housing options that deliver both quality and flexibility,” said Rathbun. “We’re excited to help meet that need and invest in a city that continues to show so much promise.”

MESA, AZ – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, the nation’s leading builder of luxury homes, in partnership with Canyon Partners Real Estate, announced the grand opening of Navona, a new luxury apartment community in Mesa, Arizona. Located at 10141 East Williams Field Road in Mesa, Navona was financed with a $78 million construction loan from Bank OZK and welcomed its first residents in December 2024. The community marked its grand opening this month with a ribbon cutting celebration with project partners, residents, and guests.
Navona reflects our commitment to delivering exceptional living experiences in the most desirable markets, said John McCullough, President of Toll Brothers Apartment Living. Mesa is one of the fastest-growing submarkets in the Phoenix metropolitan area, driven by strong economic growth and a dynamic mix of lifestyle offerings. We re proud to introduce a community that meets the demands of the market with the quality, luxury, and thoughtful design for which Toll Brothers Apartment Living is known.
Navona offers 400 one-, two-, and three-bedroom apartments and townhomes, featuring open-concept floor plans with high-end finishes and modern conveniences. Each residence has quartz countertops, stainless steel appliances, kitchen islands with designer pendant lighting, and flat panel cabinetry with under-cabinet lighting. Additional features include multi-speed lighted ceiling fans and smart home technology, including keyless entry and programmable thermostats. Select residences offer built-in work-from-home spaces and private patios or balconies.
The community s resort-style amenities were designed with connection, wellness, and relaxation in mind. The expansive outdoor amenity offerings include a resort-style pool, a wading pool, a spa, and elegant cabanas. Residents can enjoy two pickleball courts, bocce ball, a putting green, a sand volleyball court, a three-quarter-mile jogging trail, and an entertainment pavilion with an outdoor kitchen, a pizza oven, and games. Indoors, Navona offers a distinctive clubroom with a poker table and billiards, a private dining room, a social café with beverage taps, a sports lounge with an interactive simulator, a coworking lounge, and a 24/7 micro market. The immense indoor/outdoor fitness center features state-of-the-art equipment and spin and yoga studios. Additional amenities include a maker space for creative pursuits, two dog parks and a pet spa, and numerous multifunctional lawns throughout the community. Navona s location places residents at the heart of everything that makes the East Valley so desirable, and our intent was to significantly raise the bar on what a new apartment community could offer in this vibrant area, said Todd Bowden, Managing Director of Toll Brothers Apartment Living in the Southwest & Mountain region. With proximity to top-rated golf courses, expansive hiking and biking trails, and cultural attractions, as well as the convenience of the Mesa Gateway Airport just minutes away, Navona offers a connected, active lifestyle paired with exceptional luxury and design.
Navona provides convenient access to the SR-24 expansion and Phoenix-Mesa Gateway Airport and is near major employment centers, including Intel s Chandler Campus. Residents are minutes from shopping, dining, and outdoor recreation, all within the highly desirable East Valley corridor.

RALEIGH, NC – JAG Management Company continues its portfolio growth in North Carolina with Taryn at 401 in Raleigh, a recently delivered development by Virginia Beach-based RST Development.
Taryn at 401 is a 251-unit luxury community set on 24 acres. It is comprised of a mid-rise building, three garden-style buildings, and a clubhouse. Located at 310 Taryn Avenue, residents have direct access to Route 401 straight into Downtown Raleigh.
This is the fifth RST Development asset in North Carolina to be operated by JAG Management Company, which also manages three other RST communities in Maryland and Florida. JAG Management Company is an affiliate of Jefferson Apartment Group (JAG).
JAG Management Company values our ongoing relationship with RST Development, and we re excited to execute our first lease-up with them, said Patty Holt, President of JAG Management Company. Taryn at 401 is a beautifully designed, amenity-rich community, and we look forward to setting the tone for its long-term success.
Residents of Taryn at 401 will enjoy a leading-edge fitness center with CrossFit and yoga studios, game room with billiards, a library with fireplace, lounge with entertainment kitchen, co-working space with focus rooms, and a pet spa with grooming stations.
Outdoor amenities feature a resort-inspired pool with a sun-shelf and immersed chaises, multiple lounge areas with hammocks and firepits, a courtyard with ample green space and gardens, a private walking trail, and a dog park.
The apartments are a mix of 1-, 2-, and 3-bedrooms featuring stainless steel appliances, granite countertops, high-end fixtures and finishes, oversized picture windows, ceiling fans, large patios and balconies, and in-unit washers and dryers.
Getting things right out of the gate is important, especially with a new development, said Scott Copeland, President of RST Development. With JAG Management Company at the helm, we re confident in their ability to perform a seamless lease-up that seeds strong business results now and in the future.

MARICOPA, AZ – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on The Ranches at Gunsmoke Apartments, a ground-up development that will provide 271 units for individuals and families in Maricopa earning up to 60% of the Area Median Income.
“We are excited to break ground on LAC’s first Build-to-Rent development and to partner with WNC & Associates to bring high-quality affordable housing to Arizonans,” said Ben Taylor, LAC vice president and project partner. “The Ranches at Gunsmoke will provide sorely needed units in one of the nation’s fastest-growing metro areas.”
The Ranches at Gunsmoke is LAC’s first Build-to-Rent (BTR) development and will consist of two- and three-bedroom duplexes and standalone homes, with each unit featuring a patio, walk-in closets, and private fenced backyards. Communal amenities will include a fitness center, pool, grilling areas, a clubhouse, and rental storage units. Additionally, a solar carport system will be installed to offset approximately 50% of the community’s electricity usage. Construction is expected to be completed in 2026.
“We’re excited to see this new community taking shape thanks to Lincoln Avenue Communities,” said Maricopa Mayor Nancy Smith. “This new development addresses the needs of those who work in the city of Maricopa, whether they’re hourly workers, teachers, new police officers, or even our retired senior citizens who want to be a part of a community in which they don’t have to take care of the property itself.”
The development’s financing includes back-to-back construction and permanent loans from Citibank, $65 million in tax-exempt bonds issued by the Arizona Development Authority, and $49 million in Low-Income Housing Tax Credits (LIHTC) and solar equity from WNC.

LOVELAND, CO – Livmark Communities, in partnership with Hillside Commercial Group, announced the next phase of The Bend at Highland Meadows, a thoughtfully designed build-for-rent (BTR) community designed to elevate the standard of modern living in Loveland. This highly anticipated development will introduce 45 additional stacked ranch and townhome units, further expanding this vibrant community.
The stacked ranch units will include 2-and-3-bed floorplans and 1-car attached garages. The townhome units will include 2-and-3-bed floorplans with 2-car attached garages. Many units will feature private fenced yards, alongside many thoughtfully-planned open spaces—perfect for pets and outdoor activities. Crafted for those who appreciate quality, innovative design, and a refined lifestyle, The Bend at Highland Meadows offers a seamless blend of luxury, comfort, and convenience.
This next phase is expected to have first move-ins in early 2026 and be fully completed by Fall 2026, bringing an elevated living experience to Northern Colorado. Greystar, a global leader in property management, will oversee operations to ensure residents enjoy a best-in-class living environment.
Strategically located between Highland Meadows Golf Course and I-25, The Bend at Highland Meadows provides unparalleled accessibility. With effortless access to major highways, residents can enjoy seamless commutes, a variety of dining and shopping destinations, Blue Arena events, outdoor recreation, and top-rated schools—all just minutes away.
Designed for an elevated lifestyle, The Bend at Highland Meadows offers a wide range of resort-style amenities that promote wellness, relaxation, and community connection, including: Hot tub & pool for ultimate relaxation; State-of-the-art fitness center; Indoor and outdoor entertainment kitchens for social gatherings; Site-wide gigabit-speed Wi-Fi; Nearby parks and trails for outdoor enthusiasts; Sauna to promote wellness; Clubroom with controlled access for added security and comfort; Billiards table for entertainment; Pet wash station for four-legged residents.
Livmark Communities is a trusted developer with decades of experience, known for its unique approach to multifamily development. By bringing its deep expertise in attached homebuilding to the for-rent space, Livmark Communities creates exceptionally designed communities that prioritize space, functionality, and modern living. Each residence is thoughtfully crafted to maximize livability, offering a one-of-a-kind rental experience that blends the comfort of a home with the flexibility of leasing.

BALTIMORE, MD – The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, partnered with The Henson Development Company (Henson), the City of Baltimore, the Maryland Department of Housing and Community Development (DHCD), and Park Heights Renaissance Community Development Corporation (CDC) to celebrate the ribbon-cutting of The Terraces at Park Heights, a $52 million development delivering 100 affordable one- and two-bedroom homes for seniors in Northwest Baltimore.
This milestone marks the first phase of a sweeping transformation of the 17.3-acre Park Heights Master Redevelopment Area (MRA), designed to revitalize a historically under-invested community into a vibrant, mixed-income, multi-generational neighborhood. The master redevelopment plan includes NHPF and Henson’s 90-unit single-family home community, affordable multifamily building and new green spaces. This is expected to further support the neighborhood revitalization efforts which include the new Enoch Pratt Free Library as well as an overhaul of Pimlico Racecourse.
Distinguished guests at the ceremony included Maryland Governor Wes Moore and First Lady of Maryland Dawn Moore, Baltimore Mayor Brandon M. Scott, and First Lady of Baltimore City Hana Scott, Councilwoman Sharon Green Middleton, Housing Commissioner Alice Kennedy, Delegate Sandy Rosenberg, Senator Antonio Hayes, Park Heights Renaissance CEO Yolanda Jiggetts, and Elizabeth Tatum, Acting Director, Mayor’s Office of Recovery Programs, and Delegates Malcolm Ruff and Sean Stinnett.
“Since taking office, we’ve invested more than $75 millioninto Park Heights to create jobs, grow the economy, and open pathways to work, wages, and wealth for Baltimoreans,” said Gov. Wes Moore. “This project marks the next chapter in our work, and it will transform the city by ensuring seniors have access to affordable housing and a safe, vibrant community. When we say this is Maryland’s decade and Baltimore’s time, it’s partnerships like this one that show us what that looks like.”
Major Announcements Unveiled at the Event:
The overall master-planned community will be called Cloverbrook Green. Cloverbrook was the first horse to win the Preakness Stakes that had been bred and trained in Maryland. The community will offer an array of “green” features including solar-powered common areas and energy-efficient appliances.
90+ single-family homes with a targeted construction start of 2026.
A 59-unit affordable multifamily rental building will be named The Anderson, commemorating George “Spider” Anderson’s legacy.
A new sculpture of Anderson—one of only two African American jockeys to win the Preakness in its 150-year history—was unveiled along with other outdoor artwork created by Art with a Heart, a local organization dedicated to using art to enrich lives, bridge divides, and forge the leaders of tomorrow. George “Spider” Anderson was the first African American to win the Preakness Stakes on May 10, 1889 and May 10th, 2025, the date of the Ribbon cutting was the 136th anniversary of his win.
A mural by Baltimore based multi-hyphenate artist LaToya Peoples that honors the history of people of color in the racing industry and celebrates Baltimore’s heritage.
“We see this as a unique opportunity to merge Baltimore’s rich history with innovative, forward-thinking development that will reestablish this area as a cornerstone of economic and social activity,” said Dana Henson, Vice President, Principal, The Henson Development Company, Inc. “There’s a story here waiting to be retold, and we’re excited to craft a narrative that blends the area’s historic vibrancy with new opportunities for growth, connection, and celebration.”
“We see this as a unique opportunity to merge Baltimore’s rich history with innovative, forward-thinking development that will reestablish this area as a cornerstone of economic and social activity,” said Dana Henson, Vice President, Principal, The Henson Development Company, Inc. “There’s a story here waiting to be retold, and we’re excited to craft a narrative that blends the area’s historic vibrancy with new opportunities for growth, connection, and celebration.”
The event featured citations from both the Mayor’s office and Senator Chris Van Hollen and representatives from the many vendors responsible for the project’s completion: Southway Builders, Torti Gallas & Partners, STV Inc., D.W. Kozera, and Environmental Health Consultants.
The celebration aligned with the 150th running of the Preakness Stakes and the 4th Annual George “Spider” Anderson Music & Arts Festival, reinforcing the neighborhood’s cultural ties to Baltimore’s racing history.
“You can see my family’s home from the Terraces, so this groundbreaking is especially meaningful to me,” said Baltimore Mayor Brandon M. Scott. “For many years, folks thought a project like this one, in Park Heights, was impossible. But here we are. This is the story of a neighborhood that never gave up, that stayed committed, and that came together to do the impossible. I couldn’t be prouder to be a son of Park Heights—especially today—and I’m grateful to each and every member of the community who helped make this a reality.”
Funding partners for the development include: $8.7M – U.S. Department of Housing and Urban Development (HUD); $22.5M – Tax credit equity from R4 Capital and Aetna, a CVS Health Company; $13.3M – City of Baltimore; $5.4M – Maryland CDA; $2.1M – Deferred developer fees.
Additionally, through community quarterback Park Heights Renaissance, Governor Moore’s Office of Children funded the ENOUGH Grant Program which contributed $300,000 toward a new onsite maker space, providing hands-on creative programming for residents and the surrounding community.
“In partnership with our state, city and local partners, we are helping to restore Park Heights’ position as one of the most prominent and sought after neighborhoods in the City,” said Mansur Abdul-Malik, Senior Vice President, NHPF. “The new maker space reflects our commitment to investing in people and places which we feel are the two most important ingredients for any neighborhood revitalization effort.”
The Terraces at Park Heights incorporates rooftop, carport, and gazebo-mounted solar panels, battery backup power, and meet the National Green Building Standards. Amenities include a fitness center, library, computer lab, coffee bar, and lounge areas, along with original artwork and photography celebrating the neighborhood’s horseracing legacy.
Resident services will be provided onsite by Operation Pathways, NHPF’s dedicated resident services subsidiary.
“Housing is the foundation of strong communities. We are committed to building public-private partnerships that drive long-term change,” said Eric Price, President and CEO of NHPF, “Though the road hasn’t always been easy, we have remained true to our commitment—to the City and to the residents of Park Heights—to help make this a place where people want to live, grow, and thrive.”

ATLANTA, GA – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for The Pullman, a new 276-unit multifamily community in the Atlanta suburb of Union City. The first residents began moving in in March, with construction completion expected at the end of this summer.
“The Pullman reflects our commitment to excellence in design, service, and community impact,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “By blending modern convenience with elevated design, we’re proud to offer a community where residents feel both connected and at home.”
Located at 4660 Derrick Road SW, in Union City’s Holly Brook neighborhood, The Pullman consists of garden-style apartment homes with one-, two- and three-bedroom layouts with private yards and detached garages. The apartment homes feature architectural details and deluxe features and finishes for an elevated luxury living experience including stainless-steel appliances, timeless tile backsplashes, kitchen pantry, designer fixtures and finishes, hardwood-style flooring, patio and balcony options, a full-size washer and dryer, as well as a suite of Alexa-compatible smart home technology. The Pullman also offers Signature Collection apartment homes with upgraded options including premium appliances, a dry bar, deluxe closet system with shelving, walk-in shower with full tile surround and glass doors and premium lighting.
Luxury living continues throughout the gated community with a fully equipped 24-hour fitness center, resort-style heated swimming pool, gas firepits with seating area, community grilling areas, pickleball court, 24-hour social hub, private focus suites, dog park and pet spa, billiards, and more.
Residents of The Pullman enjoy a short commute to Atlanta and easy access to major employers in the area, including Amazon, Chick-fil-A headquarters, Coca-Cola, as well as the Camp Creek Business Center/South Fulton Industrial and Hartsfield-Jackson Atlanta International Airport, one of the world’s busiest and most dynamic airports.
At the ribbon-cutting ceremony, visitors had the opportunity to tour the model and explore the professionally decorated clubhouse and community amenities. As part of Thompson Thrift’s ongoing commitment to community engagement, they presented a check to the local chapter of Atlanta Mission to aid their efforts in providing customized services to help Atlanta’s more than 10,000 homeless people overcome the cause of their homelessness.
Thompson Thrift is a full-service real estate development company focused on ground-up residential, commercial and mixed-use development across the Midwest, Southeast, and Southwest. Since its founding nearly 40 years ago, Thompson Thrift has invested more than $6 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily communities and commercial projects.

CONROE, TX – Balfour Beatty Communities, a national residential real estate investment and management company, announced the successful acquisition of a premier multifamily community River Pointe, located in Conroe, Texas. Through its affiliates, this is the company s second multifamily property acquisition in the eastern Texas region this year, after purchasing The Leonard located in Denton in February, and aligns with the division s targeted expansion strategy for 2025.
River Pointe is a 300-unit, gated, garden-style community offering high-quality living options in one of Texas fastest-growing areas. The property features a range of apartment configurations, including 1-, 2-, and 3-bedroom units, all designed for maximum comfort and convenience. Spacious layouts include large patios, tall ceilings, walk-in closets, gourmet kitchens, and stainless-steel appliances.
Following the acquisition, a series of enhancements to both the apartment interiors and common areas are planned for implementation. Located near major employers and retail centers, River Pointe offers residents the perfect balance of comfort, convenience, and connectivity.
We are excited to add River Pointe to our portfolio, said Lisa Dailey, Senior Vice President of Multifamily Acquisitions at Balfour Beatty Communities. This acquisition supports our strategy to grow in strong, key markets and to provide high-quality, well-located housing options that meet the needs of today s residents. River Pointe s prime location and exceptional amenities make it a valuable addition to our multifamily portfolio.”