PHOENIX, AZ – National multifamily developer Wood Partners has expanded its presence in Phoenix with the opening of Alta 87 in Gilbert, Arizona, a suburb southeast of the city. This marks the company’s third community in the region and the Town’s first with a structured parking garage. Alta 87 is now leasing, offering two months of free rent along with other exclusive specials.
“The opening of Alta 87 marks an important milestone for Wood Partners as we continue to expand our footprint in the fast-growing Phoenix market,” said Todd Taylor, Managing Director at Wood Partners. “With strong demand for high-quality housing in the Southeast Valley, this community delivers a best-in-class living experience while contributing to the area’s ongoing growth and vitality. We’re proud to deliver a thoughtfully designed development that complements Gilbert’s dynamic mix of residential, retail and entertainment offerings.”
Alta 87 is a 257-unit luxury multifamily development conveniently located on Arizona Avenue, just minutes from the 60 and 101 freeways, Downtown Gilbert and Downtown Chandler. Residents can choose from one-, two- and three-bedroom layouts and enjoy easy access to dining, shopping and entertainment, including Costco, Chandler Mall and the PGA TOUR Superstore. Amenities include a large pool and spa and a two-story clubhouse with media and digital experiences, a state-of-the-art fitness center, two pickleball courts, co-working spaces, a speakeasy, bike storage and EV charging stations.
Last year, Wood Partners delivered three multifamily communities in Phoenix, bringing more than 630 units to the area. Alta Avondale is a 360-unit project on 14 acres of land within The BLVD in Avondale, a vibrant mixed-use destination offering an array of eateries, entertainment, shopping and recreation. Alta Rise in Gilbert features 278 units across two four-story and two three-story buildings, while Alta Uptown in Chandler offers 415 units. Earlier this year, Wood Partners also delivered Alta Goodyear, a 342-unit community in Goodyear.

ORLANDO, FL – Toll Brothers Campus Living, a division of Toll Brothers, Inc. (NYSE: TOL), the nation s leading builder of luxury homes, and joint venture partner The Davis Companies announced the opening of Aperture, an elevated student apartment community in Orlando, Florida. Strategically located near the University of Central Florida campus, Aperture offers 204 apartment homes totaling 680 beds. The community welcomed its first residents in August 2025.
Aperture s apartment homes are available in a mix of studio, one-, two-, and four-bedroom floor plans. Each residence is fully furnished and thoughtfully designed to meet the needs of modern students. The kitchen and living area features include quartz countertops, energy efficient stainless-steel appliances, full-size washers and dryers, soft vegan leather couches and sectionals, and 58 smart TVs. Each bedroom includes a full XL mattress, an oversized closet, and a bathroom with LED backlit mirror. The apartment homes are equipped with smart home technology, including electronic app-enabled apartment and bedroom locks and USB charging ports. Select residences also include balconies.
We re thrilled to open Aperture, our second Toll Brothers Campus Living community in Florida, said Richard Keyser, Vice President of Acquisitions and Development for Toll Brothers Campus Living. With thoughtfully designed residences and immersive amenity spaces, we re proud to offer a community that helps students thrive academically, socially, and personally.
Aperture s amenity offerings were designed to enhance both the college lifestyle and productivity. The community features a resort-style pool with a tanning shelf and a mini Jumbotron for outdoor viewing. The two-story fitness center includes cardio and strength equipment, an Echelon Reflect fitness mirror, and an outdoor turf area. Residents will find tech-equipped study lounges on every floor to accommodate various work styles, including private and group workspaces, in addition to a computer lounge with printing. Residents can gather with friends in the coffee house, the e-sports gaming lounge, the courtyard with firepits and grills, and the game lounge that features billiards, shuffleboard, and ping pong. Additional amenities include a gated dog park, secure garage parking, a private shuttle to and from campus, and community-wide Wi-Fi.
Aperture reflects our dedication to developing exceptional student communities, said John McCullough, President of Toll Brothers Apartment Living, the multifamily division of Toll Brothers which oversees its Campus Living division. We designed Aperture to support today s students, whose success is rooted in well-being, connection, and convenience, and we re pleased to offer this unparalleled living experience to students at UCF.
Located 12727 East Colonial Drive in Orlando, Aperture is a less than 10-minute drive from the University of Central Florida, offering flexibility between on-campus and off-campus life. The community is within a 30-minute drive from downtown Orlando and Orlando International Airport, making it a convenient hub for students balancing academics, recreation, and travel.
Aperture adds to Toll Brothers Campus Living s growing portfolio, which includes The 87 at the University of Notre Dame, Kinetic at the Georgia Institute of Technology, and Lapis at Florida International University. In addition, the company previously developed The Yards at Old State at The Pennsylvania State University, which sold in 2024; Canvas at Arizona State University, which sold in 2023; and Terrapin Row at the University of Maryland, which sold in 2017.

JOHNSTON COUNTY, NC -The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the financial closing and groundbreaking of Eastfield Village in Selma, North Carolina. The 348-unit community marks The NRP Group s first project in Johnston County and will help meet the growing demand for quality, premium living spaces with curated amenities in North Carolina s fastest-growing submarket.
Eastfield Village is designed for the hard-working people who are powering Johnston County s tremendous growth, said Owen Langston, Vice President of Development at The NRP Group. As the first new large-scale multifamily community of its kind here in many years, it will fill an important gap in the housing market. Local residents will have a high-quality option close to major employers, reducing long commutes and creating more time for family, community and opportunity. Through the Eastfield master plan and the efforts of our partners, we are introducing modern housing choices that complement the area s momentum and set the stage for smart, long-term growth.
The development is strategically positioned within Eastfield, a 435-acre mixed-use master-planned community in the heart of Selma. Led by AdVenture Development, Eastfield comprises a 3 million-square-foot business park, medical and retail space to include a Regional Target and BJ s Wholesale Club, three hotels, a variety of housing options including senior and workforce housing and entertainment amenities.
“This marks an important milestone in our master-planned development, bringing the multifamily residential component of Eastfield to fruition, said Kevin Dougherty, President of AdVenture Development. We welcome The NRP Group to Johnston County and we look forward to welcoming all our new residents to live, work and play at Eastfield.”
Located at 131 Eastfield Village Court, Eastfield Village comprises one-, two- and three-bedroom floor plans across 12 three-story garden-style buildings. Its prime location provides immediate access to Interstate 95 and U.S. Highway 70, connecting residents to the Research Triangle region. The area is anchored by Raleigh, Durham and Chapel Hill, and serves as a gateway to major business corridors along the East Coast. The community is minutes from Johnston County s largest employers, including Novo Nordisk, Grifols, Johnston Regional Airport, UNC Health Johnston Hospital, Caterpillar, Amazon, Sysco, Crystal Window and Door Systems and Veetee Foods. Residents are also close to ample retail, dining and entertainment options, including Old North State Food Hall and national restaurant brands such as Panda Express, which is currently under construction.
Eastfield Village is designed for working professionals and growing families, with in-unit layouts that include open-concept kitchens, dedicated dining areas and modern finishes. Residents will enjoy an amenity package designed for everyday convenience and recreation, including a resort-style pool with a sundeck, landscaped courtyard, pickleball court, shuffleboard area, fitness center, co-working and business lounge and multiple indoor and outdoor gathering spaces. A dedicated dog park and pet wash station will cater to animal lovers, while walking paths and green spaces will connect residents to the broader Eastfield master plan, which will feature trails for walking, jogging and cycling, fostering a vibrant and connected environment that supports both residents and local businesses.
Eastfield Village broke ground in August and construction is currently underway. Initial occupancy is expected in late 2026, with full completion targeted for Q4 2027.

SAN JOSE, CA – Urban Catalyst proudly celebrated the groundbreaking of Aquino, a 278-unit high-end multifamily development located at 498 W. San Carlos Street in Downtown West San Jose. Downtown San Jose has seen some of the highest rent growths in the nation, yet limited new market-rate multifamily building starts have occurred in the area over the past two years, making Aquino a critical addition to the city’s housing supply.
Aquino is among the first major projects to advance under San Jose’s Multifamily Housing Incentive Program, which the City Council approved in December to spur housing production. The program provides eligible developments with fee and tax incentives, offering a much-needed boost to housing creation in a region where costs and regulations have stalled new construction.
By leveraging this legislation, Urban Catalyst was able to move Aquino forward at a time when many projects have remained on hold, underscoring how targeted policy can unlock housing in one of the most expensive markets in the country.
Designed to meet the evolving needs of the region’s tech workforce, Aquino offers luxury living within walking distance of Zoom HQ, Adobe HQ, Diridon Train Station, and major transit corridors including I-280 and I-87.
Its amenities include a large interior courtyard surrounded by a fitness center, co-working space, dog walk area, yoga room, sauna lounge, communal kitchen, and an exclusive penthouse lounge with a balcony patio on the 8th floor, providing residents with a modern, connected, and vibrant living experience.
The project is being realized through a collaborative effort with BDE Architecture, Swenson Builders, Gemini Capital, Redpoint Capital Advisors, and Beach Point Capital providing critical construction financing.
“Breaking ground on Aquino is a testament to the resilience and dedication of our team,” said Erik Hayden, Founder of Urban Catalyst. “We are especially grateful to Beach Point Capital for their partnership and support in bringing this project to life. With rent growth at historic highs and no new market-rate multifamily developments in downtown San Jose in the past two years, delivering high-quality housing is both challenging and essential. Aquino represents our commitment to building communities where people can live, work, and thrive.”
The groundbreaking ceremony, held on September 3rd, marked the official start of site demolition and the first steps toward bringing Aquino to life. Local leaders, advocates for downtown San Jose, project partners, and members of the Urban Catalyst team were all in attendance to celebrate the milestone.
Even San Jose Mayor Matt Mahan joined in, swinging a sledgehammer to kick off demolition, a moment that underscored the city’s commitment to smart infill development and the urgency of addressing Silicon Valley’s housing shortage.
Mahan emphasized that Aquino is exactly the type of development the City Council envisioned when launching the multifamily incentive program last year.
“I think our council has gotten the message that we desperately need housing, that our fees and our processes and all the bureaucracy and layers we’ve created in California have been a big part of the reason that Austin’s building and we aren’t, or the reason that in Denver you can build the same apartment for less than half the cost of building it here,” Mahan said at the event. “We’re changing the culture in California starting right here in San Jose because we’re the engine of innovation, and we’re willing to admit when the things we’re doing aren’t working. We’ve got to do something different.”

NORFOLK, VA – Affiliates of Harbor Group International (“HGI”), a privately owned international real estate investment and management firm, together with CBRE Investment Management, announced the closing of four of the properties in a $740 million multifamily portfolio acquisition spanning five properties and 2,719 units across New England.
As one of the largest multifamily trades in New England this year, the transaction reflects the strength of the region’s rental housing market and builds on both firms’ established footprints in Greater Boston.
“The New England region continues to demonstrate some of the strongest multifamily fundamentals in the country,” said Yisroel Berg, Chief Investment Officer of Multifamily at HGI. “We are excited to partner with CBRE Investment Management and look forward to implementing this value-add strategy on behalf of both our investors and residents, while preserving the stable, high occupancies that made this portfolio so attractive.”
“This acquisition exemplifies our strategy of investing in attainable and high-quality multifamily assets in markets supported by strong demand drivers,” said Matt Tepper, Head of Americas, Indirect Real Estate Strategies at CBRE Investment Management. “Through our partnership with HGI, we are positioned to unlock value through thoughtful asset management while providing desirable housing to residents across Greater Boston.”
With this acquisition, HGI owns and manages more than 3,600 units in the Boston area and has executed approximately $2.2 billion in multifamily acquisitions year to date in 2025, reflecting the firm’s continued momentum in the sector.

CLEMSON, SC – A new standard of student living is coming to Clemson. Treehaus Townhomes and Flats, a new off-campus student housing community, announced it is now pre-leasing for August 2026 move-ins. Inspired by the energy, tradition, and pride that define Clemson, Treehaus is a space where community comes naturally and students feel right at home.
“Treehaus is designed for a modern student lifestyle, rooted in Clemson spirit,” said a Treehaus representative. “We are creating a place where students can stay grounded while thriving in a vibrant, connected community. We are thrilled to begin pre-leasing and look forward to welcoming our first residents in 2026.”
Treehaus will offer a variety of floor plans, from cozy studios to expansive multi-bedroom townhomes, to suit every student’s needs. The apartments will come fully furnished with modern finishes, including private baths, queen-size beds, plank flooring, and in-unit washer/dryers. Each living area will feature a 65-inch TV, perfect for movie nights or watching the Tigers play.
At the heart of the Treehaus experience is Root + Rise, an exclusive wellness program designed to help residents recharge, reset, and rise. The state-of-the-art wellness center will feature red light therapy as well as a sauna and cold plunge for contrast therapy, a practice that can enhance mood by increasing dopamine by 250%. The center will also include a reformer Pilates studio, a yoga studio, a 24-hour fitness center, and pickleball courts.
In addition to its wellness amenities, Treehaus will offer a variety of features, including a resort-style pool, dog park, coffee lounge, content creator rooms, and study rooms. For convenient travel, a complimentary shuttle will provide transportation to and from the Clemson University campus. The shuttle will also offer weekend service to downtown from 10 p.m. to 2 a.m. and for gamedays.

LAS VEGAS, NV – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, announced the financial closing and upcoming groundbreaking of a 105-unit affordable housing community in North Las Vegas. The new development, named North & Valley, is reserved for residents earning between 50% and 60% of the Area Median Income (AMI). It is located at the Southwest corner of Pecos and Rome in Clark County, adjacent to a 135-acre site designated by the City of Las Vegas as a medical office campus and job center.
The development site spans five acres and will comprise two, four-story buildings with a mix of one-, two-, and three-bedroom residences. The new community will help address a critical housing gap in North Las Vegas as one of the few affordable housing projects in the area designed to meet the needs of working professionals and growing families. The community will offer resort-style amenities.
Las Vegas is one of the fastest-growing regions in the country, yet housing supply hasn t kept up with demand, especially for working families, said The NRP Group Vice President of Development Mike Moriarty. This project marks NRP s first affordable housing development in Las Vegas, and we re proud to bring our 30 years of experience creating high-quality communities to the region. As Las Vegas continues to experience explosive population growth and a deepening housing crisis, we re committed to being part of the long-term solution.
Located at 6555 N. Pecos Road, the development offers convenient access to Southern Nevada RTC s Downtown & Veterans Medical Center Express, with bus stops within a 10-minute walk providing rapid service to downtown and the VA campus.
Defying traditional standards for affordable housing, North & Valley is designed to mirror the aesthetic and amenity offerings comparable to The NRP Group s market-rate communities. Amenities will include a resort-style swimming pool, a rooftop terrace lounge on the fourth floor with ample seating and scenic views, and a vibrant outdoor playground. The architecture and site plan were designed with both comfort and community in mind, creating an environment that promotes health, connection, and a sense of well-being.
Within each home, residents will enjoy in-unit finishes such as stainless steel appliances, quartz countertops, designer cabinetry, wood-style flooring, and connections for washer and dryer setup. The NRP Group is also exploring opportunities to offer dedicated resident services and programming at the property, including a potential partnership with the nearby VA Hospital located just a half-mile away to build a pipeline of support for veterans.
Las Vegas remains a priority market for The NRP Group. The firm recently broke ground on Miraluna alongside development partner Rockefeller Group. The Class-A, 342-unit apartment community is located near the Southern Highlands Master-Planned Community. By year-end, the firm will have broken ground on nearly 1,200 units across four developments in the Las Vegas market. The NRP Group has developed more than 62,000 apartment homes since 1994 and currently manages over 30,000 residential units across the U.S.
Financing for North & Valley apartments includes tax credit equity from US Bank, a construction-to-permanent loan from Deutsche Bank, as well as Growing Affordable Housing Program funds from the Nevada Housing Division, Clark County HOME and CHF funds, and City of North Las Vegas HOME funds.

PORTLAND, OR – Guardian, a Pacific Northwest leader in multifamily operations, development, and investment, announced the closing of a landmark $497 million portfolio acquisition spanning Oregon and New Mexico.
The acquisition represents Guardian s largest single transaction to date and one of the largest in the United States for 2025. In total, 15 properties and 3,050 units were acquired, all built after 2000, characterized by historically high occupancy and low turnover. Each property in the portfolio is a post-15 LIHTC community at risk of conversion to market rate. The profile perfectly matches Guardian s mission to preserve affordability for the long term. Demonstrating that commitment, Guardian will voluntarily convert a portion of existing market-rate units to 60% AMI, further strengthening affordability for working families.
This transaction represents a pivotal moment for Guardian as we advance our mission to preserve and expand quality affordable housing,” said Tom Brenneke, President, Guardian. “Partnering with NEF allows us to safeguard thousands of homes while expanding our footprint into New Mexico and deepening our presence in Oregon. Together, we are proving that large-scale preservation can be both financially sound and rooted in community well-being.
Guardian completed the transaction in two separate phases. The first phase included two Portland-area properties totaling 310 apartment homes, completed with institutional capital partner AEW. The second phase included 13 properties and 2,740 units throughout the Portland, Oregon and Albuquerque, New Mexico metro regions in a venture with NEF and JPMorgan Chase. Working closely with state regulatory agencies, Guardian secured approvals of ownership transfers under an accelerated timeline, ensuring long-term stability for residents.
At NEF, we remain committed to connecting people, providing innovative capital solutions and investing in brighter futures, said Daryl Shore, senior vice president of structured finance at National Equity Fund. Our integrity and stability as an organization stem directly from developing deep, meaningful relationships with our partners, which allows us to push boundaries and engage across every aspect of the multifamily affordable housing space through a mission-oriented, socially impactful approach.
The investment significantly expands Guardian s footprint while solidifying its presence in Oregon and establishing a meaningful entry into New Mexico. The properties acquired will remain affordable for current and future residents, reinforcing Guardian s mission as a steward of long-term housing preservation.
Guardian has always believed that stability in housing creates stability in lives, said Brenneke. This acquisition represents the type of large-scale, mission-driven investment we will continue to pursue in partnership with like-minded organizations, ensuring families across the Northwest and Southwest have access to safe, stable, affordable homes.

HOUSTON, TX – Sixth Street Real Estate and Madera Residential announced the formation of a new joint venture focused on multifamily properties throughout Texas and the Southeast, which was initiated with the recapitalization of a six-property, 1,967-unit, Class A portfolio located in Houston, Texas (the Seed Portfolio ).
The Seed Portfolio encompasses six multifamily communities strategically positioned across Houston. The portfolio includes Domain at CityCentre, The Lofts at CityCentre, La Maison River Oaks, Chelsea Museum District, Vantage Med Center and The Montrose at Buffalo Bayou.
We are excited to partner with the Madera Residential team to identify and acquire high-quality assets in high growth markets at a discount to underlying replacement cost and positioning them for long-term growth said Adam Rapport at Sixth Street.
The partnership between Madera Residential and Sixth Street marks a strategic shift for Madera, expanding beyond its traditional network of high-net-worth investors to also include institutional joint venture partners.
The combination of our local expertise with Sixth Street s institutional backing creates a compelling partnership poised to capitalize on the region s strong fundamentals and we look forward to continued collaboration , said James Kane at Madera Residential.
KingsRock Advisors, CommerceStreet Capital Dallas, and CBRE Debt and Structured Finance Dallas served as Madera Residential s advisors on the recapitalization of the portfolio and formation of the Joint Venture. Kirkland and Ellis served as legal counsel to Madera and Latham & Watkins represented Sixth Street.

SAN MATEO COUNTY, CA – Affirmed Housing, a leading provider of affordable housing throughout California, announced that construction has commenced on Monarch at Redwood, a new, $70.4M, affordable housing community located in the North Fair Oaks neighborhood. Once completed, Monarch will feature 86 sustainably conscious apartment homes with onsite services and amenities for households earning less than 60 percent of the area median income.
I m so proud that Monarch at Redwood is in my district and in my backyard! In a region where affordability is becoming increasingly rare, this project shows what s possible when the County, community, and development partners come together with shared values and purpose, said San Mateo County District 4 Supervisor Lisa Gauthier.
Monarch will be a six-story development with thoughtfully designed studio, one-, two- and three-bedroom apartment homes. Of the total 86 apartments, 39 are designated Permanent Supportive Housing (PSH) for residents participating in Healthy Housing California (HHC) and Mental Health Services Act (MHSA) programs, ensuring critical housing access for those most in need.
Our goal with Monarch is to strengthen North Fair Oaks by providing housing and support that allow residents to stay close to friends, schools, and the local businesses, keeping the heart of the community vibrant and inclusive, said Jimmy Silverwood, president at Affirmed Housing. This project will create homes where people can truly put down roots. We re grateful to all our partners who share this vision and help make it possible.
Promoting energy efficiency and affordability, each home will be equipped with Energy Star-rated appliances, and rooftop photovoltaic panels will help offset the property s utility costs. Several shared amenities will be featured throughout the property, including secure bike storage, parking spaces, and a welcoming lobby with a mail room, all situated on the building s ground level. On-site laundry facilities are located throughout the building, and a landscaped courtyard and a community room provide space to host gatherings and events. Signature to Affirmed Housing projects, Monarch is placed within a high resource area, allowing residents easy access to off-site amenities, such as public transit, grocery stores, restaurants, and retail businesses.
In addition to housing, Monarch residents will have exclusive access to adult education programs focused on job training, career development, and health and wellness. Those experiencing mental and physical health challenges will have access to dedicated on-site service coordinators and a robust network of wrap-around supportive services provided in partnership with local organizations, like the Mental Health Association of San Mateo County (MHA).
Funding for Monarch comes through a collaboration of key financing partners, including Lument, Redstone Equity Partners, First Citizens Bank, the County of San Mateo, Housing Trust Silicon Valley, Corporation for Supportive Housing, the California Debt Limit Allocation Committee (CDLAC) and the California Tax Credit Allocation Committee (CTCAC).
Affirmed Housing s development partners for Monarch include HA Builder Group, Van Meter Williams Pollack, BKF Engineers, DCI Engineers and Jett Landscape Architecture + Design.