RIVERDALE, NY – RiverSpring Living officially broke ground on River’s Edge, a transformative new senior living community that will become New York City’s first and only Life Plan Community. Located on RiverSpring Living’s expansive 32-acre campus along the Hudson River and just minutes from Manhattan, River’s Edge will offer a world-class, luxury living experience designed for adults age 62 and older.
River’s Edge is sponsored by RiverSpring Living, a nonprofit organization with more than a century of service to older adults. Its legacy includes the internationally recognized Hebrew Home at Riverdale, a leader in skilled nursing, rehabilitation, and memory care.
“This groundbreaking represents more than the start of construction—it is the realization of a bold vision for how older adults can live with independence and vibrancy,” said Jeffrey S. Maurer, Chairman of the RiverSpring Living Board of Trustees. “River’s Edge is the next chapter in our 100+ year legacy of meeting the evolving expectations of seniors while ensuring security for the future.”
River’s Edge will feature high-end apartment residences paired with resort-style amenities, creating an unparalleled lifestyle that blends elegance, convenience, and vibrant community living. As a Life Plan Community, River’s Edge will provide residents with peace of mind and long-term financial security through a continuum of care that evolves with their needs.
“River’s Edge will redefine aging in New York City, offering a dynamic, engaging lifestyle in a setting that is both luxurious and deeply supportive as health needs change,” said David V. Pomeranz, President & CEO of RiverSpring Living.
Occupancy is expected in December 2028, marking a significant milestone in expanding innovative housing options for older adults in New York City.
Designed to foster connection, wellness, and lifelong enrichment, River’s Edge will include thoughtfully curated amenities, beautifully designed residences, and access to the full spectrum of care services that have defined RiverSpring Living’s reputation for excellence.
RiverSpring Living enlisted Chicago-based Integrated Development II (ID2) as its development consultant, Perkins Eastman as its architecture firm, and Consigli Construction as its construction manager and general contractor. Ziegler, a specialty investment bank, and HJ Sims, a market leader in senior living financing, recently announced the successful closing of River’s Edge, with the largest senior living tax-exempt bond transaction, providing $632,925,000 in financing for River’s Edge.

RALEIGH, NC – Preiss, a leading national student housing and multifamily owner, developer, and operator, in partnership with boutique real estate investment and development firm FD Stonewater, announced its latest residential developments: Signature at Varsity in Raleigh, North Carolina, and Signature on Grand in Knoxville, Tennessee. Both properties are slated for delivery in Fall 2027, bringing a combined 1,207 beds of high-end, purpose-built student housing to two of the nation’s most prominent university markets.
Signature at Varsity | Raleigh, NC: Located at 1400 Crest Road, Signature at Varsity boasts an unmatched, flagship location directly across from NC State’s Greek Village. This 679-bed development is designed to be the premier residential hub for the university’s Greek Life and student leaders, offering a blend of high-energy social spaces and wellness-focused amenities just steps from campus. Residents will enjoy a rooftop pool and poolside jumbotron, a two-story fitness center, and expansive courtyard spaces. Additional highlights include a putting green, collaborative lounge spaces, and a first-in-the-market Lenovo Esports gaming lounge.
Signature on Grand | Knoxville, TN: Signature on Grand, located at 1727 Grand Avenue, offers an off-campus residential retreat nestled in the Fort Sanders neighborhood. The 528-bed development provides students with easy access to the University of Tennessee Knoxville (UTK), while offering welcome relief from the frequently congested Cumberland Avenue corridor. Its unmatched location will allow residents to enjoy a neighborhood setting without sacrificing accessibility to campus. The property will feature a courtyard pool with poolside jumbotron, a two-story fitness center, and outdoor TV lounge areas. To support an active and balanced student lifestyle, the community will also feature dedicated study spaces as well as a bike and e-scooter storage facility.
Elevated, Tech-Forward Living: Both Signature properties are thoughtfully designed for the modern student, offering a wide range of options including studio, 1-, 2-, 3-, 4-, and 5-bedroom floor plans. Every unit comes fully furnished with a premium furniture package and elevated finishes, such as hardwood-style flooring throughout, granite countertops, stainless steel appliances, and LED vanities. Select floor plans at both locations will also feature private patios or balconies, walk-in closets, and glass shower enclosures.
The living experience is bolstered by a tech-forward smart-home infrastructure designed for both convenience and sustainability. Residents will benefit from mobile-wallet integrated smart locks that allow for seamless, keyless entry to both individual units and bedrooms. This high-tech experience is further supported by smart thermostats and direct fiber-to-unit internet connectivity delivering ultra-fast speeds of up to 1 Gbps.
Beyond the individual units, the communities support eco-conscious living through advanced leak detection systems and on-site EV charging stations. Community areas will be further enhanced by innovative partnerships, including Living Plant Walls powered by Miravel and Intelligent Vending powered by Tulu, providing residents with on-demand access to household essentials and equipment rentals.
“As a company rooted in Raleigh, we are especially proud to deepen our presence near NC State while simultaneously expanding our footprint at UT Knoxville,” said Jeff Bartholomew, Executive Vice President of Development and Construction Services at Preiss. “Raleigh and Knoxville are two of the most dynamic university markets in the country, and we believe Signature at Varsity and Signature on Grand will meet the growing demand for premier, walkable, and tech-forward off campus housing options.”

CHARLOTTE, NC – Ginkgo Residential announced that it has acquired Edgewater Village, a multifamily community located in Greensboro, North Carolina. The acquisition further expands Ginkgo s presence in the Carolinas and marks a significant milestone for the company, which now exceeds 10,000 workforce housing units managed across North and South Carolina.
Strategically positioned in one of North Carolina s established growth corridors, Edgewater Village offers a compelling opportunity to preserve and enhance attainable housing through Ginkgo s proven value-add platform. The company plans to invest in unit interior upgrades, community enhancements, operational efficiencies, and sustainability-focused improvements designed to elevate the resident experience while maintaining affordability.
We continue to see attractive opportunities in the Carolinas where strong demographics and limited affordable housing supply support long-term demand, said Eric Stamp, CFO at Ginkgo REIT.
Surpassing 10,000 units is an important milestone for our team, and Edgewater Village reflects the type of disciplined investment opportunity we believe can drive long-term growth, said Bill Green, Co-CEO and Principal of Ginkgo Residential.
To help fuel its expanding acquisition pipeline, Ginkgo recently launched Ginkgo GP Fund II, a closed-end investment vehicle seeded with Edgewater Village. The fund completed its first closing in April 2026, with the next closing expected in Fall 2026.
The Investment was anchored by Banyan Street Real Estate Funds, LLC ( BSREF ) together with high-net-worth investors investing in a side-car capacity.
Ginkgo Residential is a leading provider of attainable, eco-friendly apartment communities across North and South Carolina. The firm specializes in acquiring, renovating, and managing high-quality housing while maintaining affordability.

PARAMUS, NJ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Garden State Plaza, a contemporary mixed-use community located within the emerging Westfield Garden State Plaza town center in Bergen County.
Modera Garden State Plaza, which will feature 575 homes in two separately branded residential buildings, includes 48,000 square feet of ground-floor retail space and a refined suite of wellness-themed amenities. The community will serve as a key residential component of the redevelopment of Westfield Garden State Plaza, which is home to an abundance of national retailers, high-end fashion outlets and a variety of dining options. First move-ins are anticipated for mid-2028.
“We are excited to serve as a co-developer of the landmark Modera Garden State Plaza, the first piece of redevelopment at Westfield Garden State Plaza, which is transforming the area into a truly vibrant mixed-use destination,” said Doug Arsham, executive managing director of development for Mill Creek.
Situated at One Garden State Plaza Boulevard, the community will provide direct access to the multifaceted lifestyle options within Westfield Garden State Plaza. The onsite retail space—which includes 48,000 square feet across both buildings—will be composed of curated shops, experiential retail and unique dining options. The community also easily connects to key thoroughfares, including Route 4, Route 17 and the Garden State Parkway, and is less than 10 miles from MetLife Stadium.
“In addition to the vast retail options and residential space, the newly constructed green spaces and enhanced connectivity options to the mall make the area even more compelling for residents and visitors alike,” said Chris Holliday, vice president of development in New Jersey for Mill Creek. “We look forward to working on this genuinely unique community.”
Modera Garden State Plaza will offer studio, one- and two-bedroom homes with select den layouts and private patios or balconies. Community amenities will include a rooftop deck, resort-style swimming pool, sauna, outdoor kitchen and dining space, grilling areas, fire pits, landscaped courtyards, resident clubhouse, coffee bar, game room, pool table and a club-quality fitness center with cardio equipment and group fitness areas. Residents will also have access to coworking spaces, private workstations, a conference room, digital package lockers, controlled-access garage parking, EV-charging stations, bike storage, bike repair station and additional storage space. The community will be built to, and is pursuing, a LEED Gold Certification.
Home interiors will feature nine-foot ceilings, oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, custom soft-close cabinetry with under-cabinet lighting, movable kitchen islands with storage, large closets and in-home washers and dryers. Smart features will include key fob access, controlled-access guest technology, programmable thermostats, smart leak detection and bulk WiFi. Designer bathrooms will feature double vanities, backlit mirrors, soaking tubs and tile tub/shower surrounds.

ATLANTA, GA – ECI Group and ApexOne Investment Partners announced the formation of a strategic joint venture to form ApexOne-ECI Multifamily Fund VI, LP, to acquire, invest in, strategically redevelop and renovate, lease, and manage institutional-quality multifamily assets across the Sunbelt, Midwest, and Mountain West regions of the United States. The Fund will seek total equity capitalization of $500 million.
ECI and ApexOne will serve as the Fund’s co-general partners and have committed to co-invest, as called, more than $100 million of the Fund’s $500 million total equity capitalization alongside committed investor equity capital. ECI Group’s capital commitment to the Fund is in partnership with Almanac Realty Investors, a business unit of Neuberger Berman, which has committed up to $350 million to support ECI’s continued platform expansion, including its investment in the Fund. The Fund intends to execute a diversified growth-and-income investment strategy through disciplined capital allocation, focusing on existing multifamily assets rather than ground-up developments, with an emphasis on both newer-vintage and traditional multifamily assets, including workforce housing communities, all with investment value-add opportunities. This investment strategy is designed to generate current cash flow while seeking market appreciation.
“Partnering with ECI brings together a fully integrated operating platform with a proven ability to drive performance at the property level, alongside a shared strength in identifying and executing on investment opportunities,” said Ernest Johnson, Partner and Executive Managing Director of ApexOne. “Their innovative, AI-enabled approach to leasing, resident engagement, and asset management, combined with a long track record across market cycles and a meaningful capital commitment alongside investors, made them an ideal partner for this fund. We share a strong conviction that this is an attractive point in the real estate cycle to invest in, with compelling opportunities emerging across high-quality assets. In this environment, we believe ECI is exceptionally well positioned to execute at the property level and capitalize on the opportunities ahead.”
“Forming this strategic partnership with ApexOne, an established multifamily fund manager, provides ECI with an opportunity to flex its operational excellence and efficiencies in multifamily investments in targeted high-growth markets while strengthening our institutional investor access and platform,” said ECI Chief Executive Officer and Chief Operating Officer, Seth Greenberg. “Our Fund investment strategy focuses on our shared belief in, and experience with, compelling investment opportunities driven by disruption in the multifamily sector. These conditions include distressed sale conditions, near-term supply and demand imbalances, and affordability factors in single-family home ownership for many single- and double-income families. We also expect to capitalize on undercapitalized and under-managed conditions at many target assets, bringing ECI’s exceptional track record in multifamily operations to bear to improve occupancy, elevate resident satisfaction, and increase marketing efficiencies.”
Collectively, ECI and ApexOne have acquired or developed approximately 50,000 units and invested over $7 billion across more than 160 multifamily communities throughout the Sunbelt, Southwest, and Midwest regions. The co-general partners have operated and invested in over 130 submarkets through acquisitions, development, or structured debt. The senior executives of the co-general partners collectively have over 300 years of experience in multifamily real estate, including property acquisition, finance, investment, development and redevelopment, leasing, and property and asset management.

SAVANNAH, GA – Thompson Thrift, a full-service real estate company engaged in multifamily and mixed-use development across the country, recently hosted a ribbon cutting for The Liliana, a 360-unit Class A multifamily community in the prosperous Savannah suburb of Pooler. Resident move-ins began in July 2025, while construction completed in April 2026.
“We’re proud to celebrate the official grand opening of The Liliana and expand our presence in the growing Savannah region,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “The Liliana reflects our commitment to delivering a high-quality resident experience through thoughtful, modern design, high-quality amenities and spaces that support both comfort and connection.”
Located on 23 acres near the sought-after Savannah Quarters neighborhood just off Interstate 16 and Pooler Parkway, The Liliana consists of three-story buildings offering one-, two- and three-bedroom apartment homes with up to nearly 1,400 square feet of living space.
The apartment homes feature many of the luxurious finishes and amenities for which Thompson Thrift communities have become known for. Kitchens boast stainless-steel appliances, a smooth glass-top range, a side-by-side refrigerator with ice and water dispensers and tile backsplashes. Residents also enjoy hardwood-style flooring, walk-in closets, a full-size washer and dryer, high-speed internet access, energy-efficient LED lighting and a suite of Alexa-compatible smart home technology. Private yard, patio or balcony options and detached garages are also available.
The gated community includes a fully equipped fitness center, a 24-hour social hub, a resort-style heated swimming pool, electric firepits with seating area, pickleball court, a dog park and thoughtfully designed courtyards.
The development’s location 12 miles west of historic downtown Savannah positions it near several major points of interest including the Savannah-Hilton Head International Airport, as well as the area’s most enticing retail, dining and entertainment options. A Publix-anchored grocery center and newly constructed Costco are also just a short drive away.
At the ribbon-cutting, visitors toured the model home and explored the professionally decorated clubhouse and community amenities. As part of Thompson Thrift’s ongoing commitment to community engagement, they presented a check to local nonprofit P.A.C.K. Savannah, a 100% volunteer organization dedicated to meeting the basic needs of children in crisis by providing food, clothing, and essential supplies through programs like weekend meal bags, emergency support services and foster care resources.
“Supporting P.A.C.K. Savannah reflects our commitment to positively impacting the communities we serve both within and beyond our developments,” said Abbey Shultz, vice president of community management for Thompson Thrift. “We’re proud to support an organization making a meaningful difference for children and families across Chatham County.”

DALLAS, TX – The Marianne on Inwood will bring luxury senior living to Dallas, addressing an increasing need for high-quality senior living options as residents age 65+ represent the city’s fastest-growing population.
The 3-acre community will offer 96 independent living, 42 assisted living and 24 memory care residences, with a mix of studio, one- and two-bedroom floor plans. Common areas will feature an ultra-luxury, hospitality-inspired design, plus larger, well-appointed apartment layouts that reflect the scale and comfort of homes familiar to those in the area.
According to the city of Dallas, the number of seniors age 65+ has grown five times faster than the rest of the population, making up about one-third of the city’s total growth over the past decade.
“As the first baby boomers turn 80 in 2026, demand for high-quality senior living in Dallas is rising,” said Patrick McGonigle, CEO of Dallas-based Harbert South Bay Partners, LLC, developer of the community. “With more than 32 years in the Dallas market, we understand what residents expect and are confident this is the right time and place for this development.”
The Marianne marks Harbert South Bay Partners’ first development in Dallas since the late 1990s, located only 3 miles from their corporate headquarters. The community will combine Harbert South Bay Partners’ deep local knowledge with Momentum Senior Living’s expertise in operating luxury senior living to deliver a refined experience for older adults in the Inwood area.
Situated in a walkable neighborhood, The Marianne is conveniently located near the Park Cities, Preston Hollow and the Dallas Medical District. Designed by Arcadis, the community reflects the character of the Inwood area with an elevated, refined aesthetic. Upon entering, residents will be welcomed by a waterfall feature and curated artwork, offering a calm, oasis-like atmosphere.
The community will promote a holistic, engaging lifestyle tailored to today’s seniors, with amenities including dining venues, a movie theater, art studio, salon, an indoor and outdoor pool, state-of-the-art fitness center, golf simulator, dog park, expansive courtyards and more.
“The Marianne brings a vibrant, amenity-rich senior living experience with opportunities for engagement in the city and beyond,” said Josh Johnson, CEO of Momentum Senior Living. “Residents can age in place, staying in a community that feels familiar, close to everything they’ve come to love.”

CHANDLER, AZ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Modera Chandler, a contemporary garden-style community in southeast Phoenix.
The community, which offers 345 spacious homes contained within seven three-story buildings, features a modern farmhouse-style aesthetic, a refined suite of amenities and a variety of high-end features and finishes. First move-ins are anticipated for May.
“We’re eager to welcome our initial residents to Modera Chandler, which we believe will quickly become a benchmark for quality and design in the area,” said Tyler Wilson, senior managing director of development of the Southwest region for Mill Creek Residential. “Chandler continues to emerge as a sought-after living destination, as residents are drawn to its extensive array of retail, restaurants and emerging employment opportunities. We’re excited to open our doors at a time when demand for quality rental-housing options continues to excel.”
Positioned just south of E Queen Road at 3100 S. Arizona Avenue, Modera Chandler is within a short commute of the Loop 202 (South Mountain Freeway), which connects to the city’s southern and eastern regions and serves as a gateway to the greater metropolitan area. Several retail options, restaurants and three grocery stores are within walking distance of the community, and the immediate area is also home to an abundance of walking trails, parks and lakes.
Modera Chandler offers one-, two- and three-bedroom homes with select den layouts and private patios or balconies. Community amenities include a resort-style swimming pool with sundeck and cabanas, hot tub and sauna, grilling area, fire pit, outdoor dining, expansive clubroom with gathering space, landscaped courtyards, coworking space with private pods, conference room, resident lounge with library, pet park, playground and a two-story, club-quality fitness center with cardio equipment, TRX system, spin bikes and a yoga/Pilates studio. The community also features 24/7 digital self-serve package lockers, controlled-access garage parking, complimentary WiFi in common areas and additional storage options.
Homes feature nine- and 11-foot ceilings, oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, pendant lighting, movable kitchen islands with storage, spacious closets and in-home washers and dryers. Smart features include programmable thermostats, key fob entry, controlled-access guest technology, smart leak detection and smart lighting. Designer bathrooms include double vanities and tile shower surrounds.
Premium homes feature additional upgraded features, including two-tone cabinets, upgraded closet systems, under-cabinet lighting and waterfall edge islands. Modera Chandler is built to, and is pursuing, an NGBS Bronze certification.

CLIFTON PARK, NY – MLG Capital, a national leader in private real estate investments, announced its acquisition of Kensington at Halfmoon, a 200-unit multifamily community located in the Clifton Park submarket of the Albany, New York MSA.
Built in 2014, Kensington at Halfmoon features expansive one‑ and two‑bedroom residences, direct‑access private garages, and a highly competitive amenity package, including a resort‑style pool, fitness center, yoga studio, movie theater, game lounge, and dog park.
Kensington at Halfmoon exemplifies the type of institutional‑quality asset we seek: strong in‑place cash flow, durable fundamentals, and long‑term value support, said Daniel Price, Chief Investment Officer and Principal at MLG Capital. The property offers a compelling investment profile, supported by stable operations, and long‑term fundamentals that position it well for sustained performance.
The property benefits from a strong suburban location, high-quality schools, access to Albany s diverse employment base, and a light value-add opportunity through selective interior upgrades that have already demonstrated meaningful value.
MLG Capital is a sponsor of private real estate funds targeting investment from investment advisors, family offices, and accredited individuals.

ALEXANDRIA, VA – Bonaventure, an operator-led multifamily real estate investment firm with approximately $2.8 billion in assets under management (AUM), announced the closing of Royal Pointe Apartments, a 208-unit multifamily community in Virginia Beach, VA.
The $39.5 Million acquisition was completed through Bonaventure Multifamily Income Trust (BMIT) and demonstrates the company s continued focus on value-add multifamily investments across the Mid-Atlantic and Southeast regions.
The transaction incorporated a combination of tax-efficient structures, including a partial 1031 exchange and a 721 exchange (UPREIT), providing flexibility and liquidity options for the investors. Bonaventure worked with Greystone to assume the property s existing financing as part of the acquisition.
In a transitional market, value creation is increasingly driven by execution at the property level rather than reliance on market-driven rent growth, said Casey MacMaster, Senior Vice President, Investments and Portfolio Manager for BMIT at Bonaventure. We continue to target assets in supply-constrained markets like Virginia Beach, where strong fundamentals and limited new development create a favorable backdrop for thoughtful, resident-focused improvements.
Royal Pointe Apartments is a 1987 vintage, garden-style community located in the Hampton Roads region. Bonaventure plans to execute a series of planned enhancements focused on improving unit interiors and refreshing the community s exterior. Interior upgrades will include modern LVP flooring, updated appliances, cabinets, lighting and fixtures, and the addition of in-unit washers and dryers. Exterior improvements will focus on enhancing curb appeal and maintaining the overall quality of the asset.
We remain focused on identifying well-located multifamily assets where we can apply a proven value-add strategy, explained Jimmy Parker, Director of Investments. We have a large portfolio in the area, and this acquisition was a natural extension allowing us to build on an already strong asset while leveraging our economies of scale in the market.