PENSACOLA, FL – 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 Quinn, a 324-unit Class A multifamily community in Pensacola. The first residents began moving in last fall, and the company expects to complete construction at the end of the summer.
“We’re honored to be part of the Pensacola community and excited to welcome residents to The Quinn,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “We look forward to making a positive impact—both within the neighborhood and in the lives of our residents—through thoughtful design, meaningful connections and a commitment to exceptional living.”
Located near the intersection of W Nine Mile Road and Beulah Rd, The Quinn consists of nine, three-story garden-style apartment buildings on 18 acres. The one-, two-, and three-bedroom apartment homes average approximately 1,000 square feet and residents will be able to select from a variety of layouts with signature amenities including a balcony or ground-floor patio, private enclosed yards as well as detached single-car garages. The apartment homes are finished with elegant quartz countertops, hardwood-style flooring, stainless steel appliances, high-speed, instant-on internet access, ceiling fans in all bedrooms and the living room, a full-size washer and dryer, smart thermostat and an Alexa-compatible smart hub.
Community amenities at The Quinn include a beautifully appointed clubhouse, a fully equipped fitness center with 24-hour access, a resort-style pool with community grilling areas, fire pits, cabanas, and turf area for outdoor exercise or yard games, pickleball courts, and a dog park with pet spa.
The community is less than one mile east of a Publix Super Market and approximately two miles west of the 9 Mile and Interstate 10 interchange, which provides residents with easy access to downtown Pensacola, and major employers such as Navy Federal Credit Union, Baptist Health Care Campus, Naval Air Station and Pensacola State College.
At the ribbon cutting, visitors were able to tour the model, explore the professionally decorated clubhouse and community amenities. As part of Thompson Thrift’s ongoing commitment to community engagement, they presented a check to local non-profit Keep Pensacola Beautiful to aid their efforts in preserving the community of Pensacola. They do this by working strategically with community partners to combine education and preservation with hands-on stewardship at a local level.

BRIGHTON, CO – The Milestone Group announced the acquisition of Solaire Apartments, a 252-unit, market-rate community in the Denver suburb of Brighton, Colorado. The purchase price was not disclosed.
“Solaire is in one of the fastest-growing submarkets in the region and is an excellent strategic fit to our growing portfolio, acquired at an estimated discount to replacement cost in excess of 25% and located in a submarket characterized by limited new supply,” said Milestone Vice President of Acquisitions Rich Ritter. “Milestone assumed the existing agency debt, allowing for a quick transaction without capital markets risk. We will now execute a multi-phase value-add strategy designed to enhance the resident experience and drive both immediate and sustained improvements in property performance.”
Solaire Apartments is sustainably designed and features contemporary one-, two-, and three-bedroom apartments at 1287 S. 8thAvenue in Brighton. The suburban Denver location affords residents easy access to numerous shopping, restaurants, and other amenities while providing easy access to freeways for Denver commuting and an abundance of options for accessing parks and mountain recreation.
Community amenities include a resort-style pool with a lap lane and year-round hot tub and lounge, a Clubroom with a kitchen and business center, a 24-hour fitness center, a dog park, a playground, and inviting native grass areas. The modern residences include faux-wood plank flooring throughout, oversized closets*, private balconies or patios with Trex flooring, exterior storage*, fireplaces*, and washers and dryers in every unit.

NEW ORLEANS, LA – The Menkiti Group, a DC-based, minority-owned real estate firm, announced its recent strategic partnership with VPG to acquire Arbor Place Apartments, a 136-unit multifamily property located in Terrytown, LA. Located just outside of New Orleans, the property marks a significant investment aimed at preserving affordability and furthering both firms’ shared commitment to revitalizing historically underinvested communities.
“We believe that meaningful neighborhood change begins with strong local partners, and we’re honored to work alongside VPG on this impactful project,” said Bo Menkiti, Founder and CEO of The Menkiti Group. “Arbor Place represents the kind of thoughtful investment that aligns with our values—preserving affordability, supporting local leadership, and strengthening communities for the long term.”
Through this partnership, The Menkiti Group is providing joint venture equity financing for the project. The investment was made through The Menkiti Group’s Obsidian Catalyst Fund I, LP – a mission-driven real estate investment fund focused on supporting emerging sponsors and driving inclusive growth in urban communities.
VPG will be leading the project’s operations and long-term asset management strategy. With over 14 years of experience, VPG has built a strong presence in the New Orleans region, owning and managing over 850 apartment units. Arbor Place Apartments will continue to serve local residents with 50% of the 136 units designated as affordable housing at 60% of the Area Median Income.
“This investment represents a meaningful step in providing high quality, accessible and affordable housing options for working families across New Orleans,” said Michael Merideth, CEO of VPG. “We are proud to partner with The Menkiti Group and the Obsidian Catalyst Fund to further our mission of delivering high-quality workforce and affordable housing that supports long-term community stability.”

DALLAS, TX – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, announced the opening of a 324-unit, mixed-income housing community in Dallas, Texas. Ascent at Mountain Creek is just 15 minutes outside of downtown Dallas, with 50% of the units reserved for individuals and families earning 80% or less than the Area Median Income (AMI).
Located at the intersection of Highway 408 and I-20, Ascent at Mountain Creek offers scenic views of rolling hills and considerable green space and is less than 10 miles from Mountain Creek Lake. The community is also in close proximity to the 450-acre Mountain Creek Business Park, home to companies such as Nestlé, Ulta Beauty and Chewy. Everyday conveniences such as Target, Home Depot and the Methodist Charlton Medical Center are just a 10-minute drive away, along with recreational venues such as Epic Waters Waterpark and Grand Oaks Golf Club. Residents will also have access to ample retail and dining options, as well as major employment hubs in downtown Dallas.
As Dallas-Fort Worth s affordability crisis deepens, Ascent at Mountain Creek provides much-needed housing at a mix of income levels for essential workers, from teachers and nurses, to first responders and public transit operators, said Alena Savera, Vice President of Development at The NRP Group. We re grateful for the partnership and collaboration of the city, which has allowed us to deliver a community that meets the diverse needs of Dallas renters and enhances resident quality of life.
The newly delivered community at 4868 S. Merrifield Road comprises 14 three-story, wood-frame buildings offering a mix of one-, two- and three-bedroom apartments. To meet resident demand for larger units that accommodate work-from-home preferences, den floor plans for one- and two-bedroom units are also available. In-unit features include quartz countertops, backlit mirrors, stainless steel appliances and walk-in closets. Residents can enjoy a variety of community amenities, including a resort-style pool, dog park, state-of-the-art fitness center with a spin room and clubhouse lounge.
There is a pressing need for mixed-income housing in the metroplex, where rising costs are making it harder for residents to find affordable homes, said Keith Pomykal, District 14 Dallas PFC Board Member. Working with The NRP Group has allowed us to deliver the quality and attainable housing our community needs.
The Dallas metro area remains a priority market for The NRP Group. The firm has developed over 6,700 units across 30 properties in the region, and recently broke ground on new affordable housing developments Thrive on Crawford in Fort Worth and The Fielder in Mesquite.

CHARLOTTE, NC – Ginkgo Residential acquired The Preserve at Pine Valley, a 219-unit garden-style apartment community in Wilmington, NC, for $32.1 million in an all-cash transaction. Built in 1974, the property aligns with Ginkgo s value-add strategy, which focuses on the preservation of workforce housing through curb appeal, replacement of aged infrastructure elements, amenity enhancements, and interior renovations. The acquisition was completed in a joint venture between Ginkgo REIT Inc. and J.P. Morgan Real Estate Income Trust.
We remain actively engaged in identifying value-enhancing opportunities for shareholders and anticipate an accelerated acquisition pace this year, with a looming wave of multifamily loan maturities in 2025, said Bill Green, Co-CEO and Principal of Ginkgo Residential.
Located in the heart of Wilmington, the property benefits from strong demographic tailwinds. The city was the 6th fastest-growing MSA in the U.S. from 2020 to 2023, adding roughly 38 new residents per day. Over the next five years, Wilmington is projected to grow by another 10,000 residents annually. Employment has also surged 13.6% over the past five years, more than double the 5.2% national average.
This acquisition is a prime example of our strategy in action—identifying well-located, underperforming assets where we can create meaningful value for both residents and investors, said Kiel Bollero, Director of Acquisitions at Ginkgo Residential.
The property will be owned within Ginkgo REIT Inc., which has delivered an 11.8% annualized total return since its inception in July 2019. The REIT aims to provide investors with stable, tax-efficient income and long-term capital appreciation.

CONSHOHOCKEN, PA – Morgan Properties, the nation s largest private owner of multifamily communities, has acquired a portfolio of 3,054 units across 11 assets in eight Midwest states from Trilogy Real Estate Group. This acquisition, valued at $501 million, marks a significant milestone in the firm s 40-year history as it expands Morgan Properties apartment holdings to over 100,000 units nationwide while continuing to broaden its presence throughout the Midwest.
Surpassing 100,000 units is a defining moment and a testament to the hard work and dedication of our entire organization, who have helped shape Morgan Properties into a best-in-class multifamily owner and operator, said Jonathan Morgan and Jason Morgan, Co-Presidents of Morgan Properties. As we continue to strategically expand our national portfolio, we remain selective and opportunistic in this environment. Morgan Properties has a proven track record of acquiring large portfolios with significant barriers to entry and providing execution certainty.
The communities, located in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Oklahoma, and Tennessee, range in age from 1989 to 2018 and are exceptionally well-located within their respective submarkets.
Morgan Properties has outlined a comprehensive value-add strategy aimed at increasing the marketability and comfort of these properties through physical and operational improvements. Enhancements will include programmatic interior upgrades consisting of new flooring, appliances, cabinets, and countertops, as well as smart home features and an expansion and refresh of on-site amenities.
Morgan Properties now owns and operates over 360 communities in 22 states throughout the country. Through a series of key portfolio acquisitions, the largest of which was a $2.6 billion purchase of 98 communities, the firm’s apartment holdings have more than doubled in the past 6 years under the leadership of Jonathan and Jason Morgan.

ORLANDO, FL – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for Standard441, a new 300-unit multifamily community in the Orlando suburb of Lady Lake. The first residents began moving in during winter of 2024, with construction completion expected at the end of this summer.
“We’re proud to introduce Standard441 as the newest addition to the Lady Lake community,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “This thoughtfully designed community reflects our commitment to creating comfortable, connected living environments that enhance residents’ daily lives and contribute to a vibrant neighborhood.”
Located off Highway 441 on the northeast side of The Villages master-planned community, the 15.26-acre community will offer one-, two- and three-bedroom apartment homes in three-story buildings. The apartment homes will feature hardwood-style flooring, stainless steel appliances, patio and balcony options, private yard options, upgraded unit options, detached garages and a full-size washer and dryer. Each home will also feature Alexa-compatible smart home packages.
Luxury living will continue throughout the gated community, including a fully equipped fitness center with 24-hour access, resort-style heated swimming pool and outdoor spa, outdoor pool pavilion with a built-in fireplace and grills, pickleball court, putting green and cornhole area, dog park and pet spa, 24-hour social hub, work from home focus suites and electric vehicle charging.
The site is across the street from UF Health The Villages® Hospital, which is the largest and most comprehensive healthcare provider in the region. Nearby Highway 441, which is the main thoroughfare for The Villages, provides residents with convenient access to nearly 3 million square feet of retail, dining and entertainment options, as well as other major employers including Arcosa, Ash Grove, Advent Health Ocala and the U.S. Department of Justice.
The Villages MSA was the #1 fastest-growing metropolitan area in the U.S. during the past decade and projections indicate that the area has the potential to double in total size in coming years.
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 Habitat for Humanity to aid their efforts in providing affordable housing for families in need.

DENVER, CO – Avanti Residential, a nationally recognized multifamily investor and operator, proudly announced the formation of its new affiliate, Avanti Residential Housing. This strategic expansion positions Avanti at the forefront of the affordable housing sector, with a particular emphasis on Low-Income Housing Tax Credit (LIHTC) development, acquisition, and preservation.
Guided by its mission to create high-quality, attainable housing while delivering attractive, risk-adjusted returns, Avanti Residential Housing represents a natural evolution of the firm’s commitment to responsible investing. The new, Tampa-based, affiliate will leverage Avanti’s extensive real estate expertise and financial acumen to address the critical shortage of affordable rental housing nationwide.
Spearheading this initiative is Christopher Martiner, a seasoned industry executive with over 30 years of experience and a proven track record in affordable housing finance, development, and investment. Under his leadership, Avanti Residential Housing aims to become a national leader in the production and preservation of affordable multifamily communities, with a focus on maximizing LIHTC equity investments and leveraging public-private partnerships to drive sustainable growth.
“We see a tremendous opportunity to not only expand Avanti’s footprint but also to create long-term value for our investors by addressing one of the most pressing housing challenges in the country,” said Martiner, Managing Partner of Avanti Residential Housing. “With the increasing demand for affordable housing solutions, we are committed to delivering innovative, high-quality communities that serve both residents and stakeholders.”
Avanti Residential Housing will initially focus on high-growth metropolitan markets, leveraging Avanti’s established presence and investment acumen. The company’s approach integrates forward-thinking design, sustainable development practices, and strong community engagement to ensure long-term success.
“The creation of Avanti Residential Housing represents an extension of our core values, enabling us to make a meaningful impact in underserved markets while continuing to provide compelling opportunities for institutional and private investors,” said Christian Garner, President and CEO of Avanti Residential. “Our long-term vision includes the establishment of a nonprofit arm dedicated to furthering our commitment to housing affordability.”
Avanti Residential currently operates a diverse portfolio encompassing approximately 10,000 units across 40 properties in seven states, including Colorado, Kansas, Missouri, Arizona, Florida, Utah, and Tennessee. With the launch of Avanti Residential Housing, the firm is poised to deepen its impact in the affordable housing space while maintaining its reputation for best-in-class multifamily investment and operational excellence.

ITHACA, NY – PeakMade Real Estate and Blue Vista Capital Management, in partnership with W5 Group, recently broke ground on construction for Theory Ithaca, a new apartment development located near Cornell University in downtown Ithaca, NY, aimed to serve Cornell graduate students, university affiliates, and the greater Ithaca community. This project marks the continued expansion of Peak and Blue Vista’s Theory-branded development portfolio in major university markets. Construction financing for Theory Ithaca was provided by Kennedy Wilson.
Upon completion, Theory Ithaca will be comprised of 371 units and 518 beds, offering studio through 3-bedroom floorplans, and 239 parking spaces. The development, scheduled to open for the 2027 academic year, will feature a market-leading amenity package, including rooftop terraces, modern study lounges, a luxury fitness center, and direct access to nature along Six Mile Creek.
“The Cornell University market is one of the most undersupplied student apartment markets in the country especially for graduate students. Theory Ithaca plans to serve this unmet demand with an exceptional project in an irreplaceable location in between Cornell’s campus and downtown Ithaca,” commented Jeff Githens, President of Development at PeakMade Real Estate.
“We are excited to begin construction on Theory Ithaca alongside PeakMade and W5 Group, and look forward to delivering a brand new, high-quality housing option to downtown Ithaca to help bridge the market’s housing gap for students,” commented Jason Schwartz, Managing Principal at Blue Vista Capital Management, LLC.
“Theory Ithaca is a continuation of our Innovative Living strategy, delivering a thoughtfully designed, community-oriented, highly-amenitized living experience in the Cornell University market,” said Ralph Winter, Founder and Principal of W5 Group. “Cornell is one of the world’s most prestigious universities, with an $11 billion endowment and a rapidly growing student population. In partnership with Blue Vista and PeakMade, we are excited to deliver a new state-of-the-art apartment community for the next generation of Cornellians, setting a new standard for residential innovation in the Ivy League.”

BOSTON, MA – National multifamily developer Wood Partners announced the groundbreaking of its latest community, Alta Nashoba Valley, in Bolton, Massachusetts, a suburb outside of Boston. The fully electric community will have a 25% affordable component and is set to deliver first units in December 2025.
Alta Nashoba Valley will be fully electric and will install high-efficiency heat pumps and on-demand hot water systems so that all heating, cooling and cooking will be electric. This approach is new to the Massachusetts market for non-subsidized housing and is more environmentally friendly in comparison to gas-powered facilities. Additionally, Wood Partners, working alongside city officials, is providing funding to complete the construction of the recreational Derby Field, relocate the community garden and contribute to the Memorial Field playground.
The 229-unit community is conveniently located immediately off I-495 at the Bolton Office Park campus and will include a mix of one-, two- and three-bedroom layout designs. The four three-story buildings are thoughtfully designed to reflect the New England-style home and will feature a clubroom, workspaces, a fitness center, a private bar and dining area, a dog park, a playground, EV stations, a pet spa, a resort-style pool, and firepits and grilling areas.
“From the luxurious amenities to the community-driven projects and eco-friendly features, this development sets a new standard for multifamily construction in Massachusetts,” said Kelen Araujo, Development Manager at Wood Partners. “We are very active in the region and remain dedicated to providing high-quality living spaces for the community.”
Within the past year, Wood Partners has started construction on Alta Altitude in Warwick, Rhode Island, Alta Oak & Pine in Londonderry, New Hampshire, and Alta Forge in Abington, Massachusetts, in addition to Alta Nashoba Valley, marking its expansion throughout New England. These multifamily communities will bring more than 900 units of much-needed housing to the region that has seen a shortage of new development.