AMARILLO, TX – NE Property Management Announces New Luxury Apartment Community in Amarillo, Texas. Martin Inderman Development is developing and building The Lariat at Presidio Ranch, a new luxury apartment community located at 8976 Tarter Ave in Amarillo, TX.
This three-story, garden-style development will bring 312 modern apartment homes to the growing Amarillo market, with the first units anticipated to be available in late summer 2026. The Lariat at Presidio Ranch is designed to offer high-end living spaces combined with a comprehensive amenity package, catering to individuals seeking an engaging and active lifestyle in the Texas Panhandle.
The Lariat at Presidio Ranch is designed to blend high-end interiors with a robust, activity-focused amenity package, catering to residents seeking a dynamic living experience in the Texas Panhandle. “We believe The Lariat at Presidio Ranch will not only provide high-quality housing but also foster a vibrant community spirit, With features like a resort-style pool, pickleball court, and even a cold brew keg in the clubhouse, we’re creating spaces that encourage residents to connect, relax, and enjoy life to the fullest.” said a representative at NE Property Management.
The 312-unit community will feature sophisticated interior finishes designed for comfort and convenience. Residents will enjoy vinyl plank flooring throughout, granite countertops, and sleek stainless steel appliances. Each home will also feature private balconies and come equipped with modern tech conveniences, including smart lock technology and bulk Wi-Fi service.
The Lariat sets itself apart with a focus on social engagement and outdoor leisure. The community grounds will feature a resort-style swimming pool and a variety of recreational options, including a pickleball court, a giant chessboard, cornhole setups, and multiple outdoor seating areas with BBQ pits and grills.
Inside, the clubhouse will offer a dedicated party room and a unique perk for coffee lovers: a cold brew keg on tap. The property is also designed with pet owners in mind, featuring a large dog park and a convenient dog wash station.

PHOENIX, AZ – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, in partnership with the city of Phoenix, announced the financial closing and groundbreaking of Desert Sky, a 288-unit affordable housing community in West Phoenix. Half of the units are reserved for families earning up to 80% of the area median income, providing thoughtfully designed housing in one of the fastest-growing cities in the U.S.
Phoenix continues to rank among the fastest-growing metro areas in the country, with strong population growth and a thriving job market driving demand for quality rental housing, said Chris O Neill, Executive Vice President of Development at The NRP Group. Desert Sky reflects our commitment to this market and provides thoughtfully designed homes for the people who keep this city moving, including teachers, first responders, healthcare professionals and students. It s about building housing that strengthens the community and meets real demand.
Situated at 6939 West Thomas Road, Desert Sky offers direct access to major employment corridors, retail centers and neighborhood public spaces. It is one mile from Desert Sky Mall, half a mile from Desert West Park, a 15-minute drive from Grand Canyon University and a 20-minute drive from downtown Phoenix. Major thoroughfares and bus routes offer added connectivity.
Desert Sky demonstrates what s possible when private development works hand in hand with public partners, said Austin Kates, Vice President of Development at The NRP Group. Through collaboration with the city, we ll deliver an affordable community that blends modern design with the character of the surrounding neighborhood, enabling residents to live near where they work and study while enjoying convenient access to local amenities.
The 10-acre development comprises nine, three-story garden-style apartment buildings and a central clubhouse. The property s design preserves the neighborhood s character with warm, earth-toned exteriors, interconnected pathways and thoughtful landscaping. Units include one- and two-bedroom residences with high-quality finishes, walk-in closets, stainless steel appliances, granite countertops and in-unit laundry machines. Select ground-floor homes will feature private yards. Covered parking and on-site private parking garages are available.
Desert Sky is a demonstration of our commitment to providing high-quality, affordable housing to greater Phoenix, said Councilwoman Anna Hernandez. This development will bring 288 new units to Maryvale and help meet the city s increasing demand for housing, providing new opportunities for residents while strengthening our local economy. By expanding housing availability near key employment hubs, we re ensuring that Phoenix remains a competitive and thriving city for years to come.
Desert Sky s design emphasizes wellness, walkability and community connection with a robust amenity package that includes a 5,500-square-foot clubhouse, outdoor pool, resident lounge, dog park, a business center with coworking spaces, fitness center, grill stations and mail and parcel lockers.
The Phoenix metro area is a priority market for The NRP Group, underscoring the firm s strategic commitment to one of the fastest-growing counties in the U.S. The firm s expansion reflects strong confidence in the region s long-term rental housing market, driven by robust job growth and sustained year-over-year in-migration patterns. 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.
The NRP Group broke ground on the new residential housing development this month, with completion scheduled for 2027.

IRVINE, CA – Advanced Real Estate has acquired the Newhope Village apartments, adding to its more than 12,000-unit portfolio in Southern California. The gated, podium-style property features a host of amenities, including a pool, fitness center and tot-lot. Advanced retired a $9.5 million HUD loan and ultimately plans to place debt on the property, providing even more capital to its $100 million+ fund.
“Newhope Village fits perfectly with our surrounding properties. We now have over 1,750 units in the city of Santa Ana,” said Rick Julian, CEO of Advanced. “This creates even more efficiencies with management and renovations.”
Advanced plans for significant renovations and upgrades to the property, including the addition of in-unit washer and dryers, new cabinetry, flooring, fixtures, appliances, windows and a modern paint scheme. These upgrades will be completed by Advanced’s in-house construction company, R3 Construction, and in-house property management company, Advanced Management Company.
This is the second acquisition for Advanced’s newest Opportunity Fund (Advanced Fund 24-3). Last month, Advanced purchased The Cove, a 138-unit property in West Covina, and the company plans to enact several more Southern California apartment acquisitions in the coming year.
“We were able to acquire this property through a 721 contribution, which allowed a tax-deferred transaction for the family who owned it,” said Paul Julian, Rick’s son and President of Advanced. “They are now partners in our fund and diversified among the other assets.”
Advanced’s investment offerings are open to the company’s friends and family network, which has now grown to over 1,000 investors. “We are always open to welcoming new investors either through cash and retirement investments or through a contribution of their property, like in this case with Newhope Village,” said Rick Julian.

NASHVILLE, TN – Sherman Residential acquired 909 Flats, a Class A multifamily property in Nashville, TN. 909 Flats is a 232-unit luxury apartment community situated on the edge of Germantown, one of Nashville’s most sought-after neighborhoods.
The property is across the street from the year-round Nashville Farmer’s Market and in between the Tennessee State Museum and State Capitol building. Residents will also benefit from the urban Greenway expansion initiative that plans to add greenspace and recreation areas directly next to the property.
The intersection of the Germantown and Capitol Hill neighborhoods provides a rich landscape for the 909 resident. Top employers, like Amazon, Pinnacle, and UBS, are within walking distance. New retail and restaurants are booming half a mile away at Capitol View’s corporate campus. Plus, Nashville’s new Titans Stadium will only be a seven-minute drive.
Flat’s midrise property and its resident-focused amenities deliver: Studio to two bedroom apartments reaching nearly 1,400 square feet; Elevated clubroom with a breathtaking skyline view; Luxury options, such as quartz countertops and pendant lighting; Exclusive guest suite reservable only by 909 residents; Open spaces available for work, study, making, and recording; A controlled-access garage with parking and EV charging included; Conveniences like in-unit washers and dryers and a 24-hour fitness center.
Sherman Residential s Senior Vice President stated: We’re excited to return to Nashville. We sold out of the market near the peak in 2021 and 909 Flats is a great opportunity for us to reenter. The asset is a great addition to the Sherman Residential portfolio.
Sherman Residential has been in the real estate business for over 100 years and currently owns assets in six states. The family-owned company is headquartered in north suburban Chicago.

NEW YORK, NY – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced the acquisition of a portfolio of three purpose-built student housing assets with approximately 2,300 beds in partnership with Cardinal Group.
The portfolio s assets are located on average 0.1 miles from campus at leading four-year public universities across the Sunbelt with an average enrollment of approximately 40,000 students. The Class A properties feature a wide range of best-in-class amenities and were built on average in 2020.
This acquisition reflects our conviction in the resilience and long-term fundamentals of well-located student housing, and we are excited to add these assets to our portfolio, said Phill Solomond, Senior Managing Director and Head of Real Estate at Stonepeak. With growing enrollment trends and embedded demand for assets adjacent to campus, we look forward to delivering both high-quality living experiences for students and strong performance for our investors.
Stonepeak s real estate team invests thematically in real estate assets that demonstrate infrastructure characteristics. The team invests in high conviction sectors including supply chain, residential, healthcare, and technology real estate. With the benefit of the strength and insights of the broader Stonepeak platform, the team targets opportunities supported by strong macro tailwinds that have durable cash flow profiles, embedded demand drivers, high barriers to entry, inflation protection, and are mission critical to the businesses and communities they serve.
Simpson Thacher & Bartlett LLP served as legal counsel and Jones Lang LaSalle served as financial advisor to Stonepeak and Cardinal Group.

KANSAS CITY, KS – Thompson Thrift, a full-service real estate company and one of the nation’s leading multifamily developers, announced the start of construction on Canopy Flats, a Class A multifamily community located along Metcalf Avenue in Overland Park.
“We’re proud to expand our presence in the Kansas City area with a community that reflects our commitment to thoughtful, high-quality development,” said Josh Purvis, managing partner for Thompson Thrift Residential. “Canopy Flats is located in a thriving suburban market with strong demographics, award-winning schools, abundant parks, and vibrant local amenities that will further enhance the resident experience and the area as a whole.”
Situated on a prime 13-acre site at the southeast corner of Metcalf Avenue and W 95th Street, Canopy Flats will offer 303 one-, two- and three-bedroom apartment homes averaging 1,085 square feet. Each home will feature premium finishes including quartz countertops, designer cabinetry, stainless steel appliances, full-size washers and dryers, walk-in closets, smart home technology, and private patios, balconies or yard options.
Residents are expected to move in during spring 2027 and will enjoy resort-style amenities designed to elevate everyday living. Highlights include a state-of-the-art fitness center featuring a sauna and cold plunge; an immersive golf simulator studio; billiards, shuffleboard, and a putting green; a heated swimming pool; an outdoor movie wall for community programming and resident events; grilling stations; a pet spa with grooming station and dog park; and a resident conference room with screenshare and video conferencing technology.
Located near the Metcalf corridor and just minutes from Interstate 435, residents will benefit from convenient access to major employers, top-rated schools, hospitals, parks, retail centers and entertainment districts. The community’s proximity to downtown Overland Park and the broader Kansas City metro makes Canopy Flats an attractive option for residents seeking a connected yet relaxed suburban environment.
Overland Park is an affluent suburb located 10 miles southwest of Kansas City. With over 200,000 residents, it is the second largest city in the Kansas City metro and was ranked the 7th best place to live in the U.S. and 4th best place to live in the Midwest in 2024 by Livability.com. Overland Park is also home to Aspiria, a 207-acre business campus with nearly 4 million square feet of Class A office space, with plans to add 1 million square feet of Class A office, 750,000 square feet of mixed-use and restaurant space, along with hospitality and multifamily uses.

MEDFORD, MA – 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 Mystic, a contemporary mixed-use community in Medford, Mass., just north of Boston.
The podium-style community, which will include 350 homes and 2,000 square feet of retail space, will be comprised of two buildings designed to offer an elevated yet distinct resident experience. The community sits less than a mile west of fellow Mill Creek community Modera Medford, which was developed and delivered in 2017. First move-ins at Modera Mystic are anticipated for 2027.
“Medford continues to be a preferred living destination for those who crave immediate access to the city but also seek to escape the daily bustle,” said Tim Alexander, managing director of development in Boston for Mill Creek Residential. “We look forward to getting started on Modera Mystic and adding another premier option to the area.”
Situated at 4000 Mystic Valley Parkway, Modera Mystic sits in a commuter-friendly locale that features direct access to Downtown Boston and the surrounding area. Mystic Valley Parkway serves as a key east-west thoroughfare, and the community is within a quick drive of Interstate 93 and Route 28. Residents will be within a 13-minute walk or short bus ride of the Wellington station of the Massachusetts Bay Transportation Authority (MBTA) Orange Line, which provides connectivity throughout the metropolitan area.
The community is moments away from Meadow Glen, a shopping center anchored by Wegmans, and the 62-acre Torbert MacDonald Park, a lush riverside escape with walking trails, open fields and spaces for kayaking, jogging and outdoor gatherings along the Mystic River. Several additional retail, dining, entertainment and recreational options are within a short walk or drive.
Modera Mystic will offer studio, one-, two- and three-bedroom homes with various layouts and private patios or balconies. Community amenities will consist of a top-floor sky deck, resort-style swimming pool, grilling and dining areas, resident clubhouse, conference room, coworking spaces, game room, landscaped courtyards, pet spa and a club-quality fitness center with a full suite of cardio and strength training equipment, as well as a yoga/Pilates studio. The community will also offer controlled-access garage parking with EV-charging stations, a dedicated package room, bike storage, additional storage space and controlled-access guest technology.
Homes will feature oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, movable kitchen islands, soft-close cabinets, in-home washers and dryers, spacious closets, smart thermostats, smart leak detection, bulk WiFi, keyless entry and a key fob system. Bathrooms will feature backlit mirrors, double vanities and floor-to-ceiling tile shower surrounds.
The community will be built to, and is pursuing, Passive House Institute (PHI) Low Energy Building standards. This internationally recognized certification ensures residents enjoy consistently comfortable indoor temperatures, cleaner air and lower energy use through advanced building design and high-performance materials.

SEATTLE, WA – GT Capital and Freestone Capital Management announced the acquisition of Lock Vista Apartments, a 192-unit multifamily community located in Seattle’s historic Ballard neighborhood.
Lock Vista marks the firms’ second acquisition together, following their 2024 purchase of the iconic Smith Tower and Butler Garage in downtown Seattle. Both firms bring extensive experience investing across commercial and residential real estate in the Pacific Northwest and beyond.
“We’re thrilled to continue our partnership with GT Capital with Lock Vista. Lock Vista is a rare combination of character and location,” said Jason Mann, Partner at Freestone. “Ballard continues to attract high-income renters seeking access to waterfront amenities and proximity to the city’s major employers. This investment offers both immediate income and meaningful long-term growth potential for our investors.”
Originally built in 1949, Lock Vista is located just four blocks from downtown Ballard and steps from the Burke-Gilman Trail, providing exceptional walkability and convenient transit access to South Lake Union, Downtown Seattle, and the University of Washington. The surrounding area continues to benefit from strong job and population growth, driven by Seattle’s expanding technology, healthcare, and life sciences sectors.
The community features a classic brick façade, open courtyards, and views of Puget Sound and the Olympic Mountains, contributing to its enduring appeal and high resident retention. Between 2018 and 2021, the property underwent a comprehensive $13 million renovation, including modernized kitchens and baths, full electrical and plumbing upgrades, and enhanced resident amenities such as a fitness center, pool, bike room, and clubhouse.
Freestone and GT plan to continue operating Lock Vista as a well-managed apartment community while pursuing opportunities to enhance operational efficiency and environmental performance.
“Lock Vista combines the calm of neighborhood living with urban amenities at the doorstep, creating a place residents want to stay for years. This is a rare opportunity to invest at scale in one of Seattle’s most desirable areas—and we couldn’t be doing it with a better partner than Freestone,” said Charlie Bauman, Partner at GT Capital.

TAMPA, FL – Carter, a leading Atlanta-based real estate development company, announced its role as co-developer for Prospect Highland Oaks, a new 324-unit luxury apartment community in Tampa, Florida. This garden-style project, being developed in partnership with Brook Farm Group, will address the growing demand for high-quality housing in the thriving Brandon submarket.
“We are thrilled to bring Prospect Highland Oaks to the Tampa community,” said Jerome Hagley, COO/CFO of Carter. “This project exemplifies our dedication to delivering thoughtfully designed developments that not only meet the needs of today s residents but also positively impact the neighborhoods we serve. Together with our partners at Brook Farm Group, we look forward to contributing to Tampa s remarkable growth and vitality.”
Carter s experience in Florida is underscored by notable projects, including NINE15, a luxury mixed-use community in downtown Tampa; The DeSOTA, a premier apartment tower in Sarasota; Prospect Lake Wire, a sophisticated new Class-A multifamily anchored mixed-use development in historic Lakeland; Story Wesley Chapel, a 320-unit luxury apartment community in Wesley Chapel; and Story Lake Gibson, a 300-unit luxury apartment community in Lakeland. These developments reinforce Carter s commitment to delivering innovative, high-quality communities throughout the state and the greater Southeast region.
Located less than half a mile from the I-75 and Route 574 interchange, Prospect Highland Oaks will offer residents exceptional access to Tampa’s central business district and other key employment centers. The site is strategically positioned within one mile of the regional headquarters for JP Morgan Chase and Citigroup, which together employ over 7,500 professionals. This proximity provides a convenient, walkable commute for employees of these major corporations.
The development is poised to capitalize on Hillsborough County’s strong in-migration and macro growth trends. The east side of Tampa has seen limited new multifamily supply, positioning Prospect Highland Oaks to meet growing demand in a market with minimal competition. The project team includes equity partners Mill Green Capital and Fundrise, construction lender Ameris Bank, general contractor Oxford Properties and project architect Preston Partnership.
This development underscores Carter’s commitment to creating high-quality, strategically located residential communities that enhance their surrounding areas. By providing modern living spaces with unparalleled commuter access, Carter continues to contribute to the dynamic growth of markets like Tampa.

DALLAS, TX – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, today announced the financial closing and groundbreaking of Camp Wisdom, a 360-unit market-rate community in Southwest Dallas. Strategically located at the corner of W. Camp Wisdom Road and Clark Road, the development is designed to help address Dallas growing rental affordability crisis. The new community will serve the city s essential workforce, providing high-quality housing options for teachers, nurses, city employees and university staff, all within close proximity to major job centers, educational institutions and healthcare facilities.
While Dallas is one of the fastest-growing cities in the country, its essential workers – the individuals keeping our schools, hospitals and neighborhoods running – are being priced out of the communities they serve, said Alena Savera, Vice President of Development at The NRP Group. Camp Wisdom will bridge that gap by offering high-quality housing with accessible rents for middle-income earners. We re proud to be part of a solution that supports the city s growth while preserving its workforce.
Camp Wisdom s 360 units comprise a mix of 180 one-bedroom units and 180 two-bedroom residences ranging from 860 to 1,080 square feet. Each home includes stainless steel appliances, in-unit washer and dryers and walk-in closets. The new community will offer residents convenient access to major highways, including U.S. Highway 67 and Interstate 20, connecting residents to downtown Dallas in under 25 minutes.
The site is just minutes from Dallas Baptist University to the north and is surrounded by major employment hubs including the Mountain Creek Industrial Park, home to companies like Costco, Ulta and Chewy. The area is known for its rolling hills and abundant green space, making it one of the more scenic areas to build in Dallas. Additional nearby employment and healthcare hubs include the UT Southwestern Medical Center at RedBird, Methodist Charlton Medical Center and the Redbird Workforce Center. Residents will also enjoy proximity to Mountain Creek Lake and Joe Pool Lake, as well as nearby parks and trails that support an active, outdoor lifestyle.
Camp Wisdom is a thoughtfully designed community that prioritizes accessibility and long-term value for residents, said Chris O Neill, Executive Vice President of Development at The NRP Group. It reflects our mission to create exceptional rental opportunities and build trust through high-quality housing that strengthens neighborhoods and improves residents quality of life.
Residents of Camp Wisdom will enjoy a thoughtfully curated amenities package designed to support working professionals and growing families. Building amenities include a state-of-the-art fitness center, a resort-style outdoor pool, grilling stations, outdoor game areas and a dog park.
Camp Wisdom is less than a mile away from The NRP Group s new, mixed-income development, Ascent at Mountain Creek – a 324-unit community that opened in April. Roughly 50% of the residences are reserved for families earning up to 80% or below the Area Median Income (AMI).
The Dallas-Fort Worth metro area remains a priority market for The NRP Group. The firm has developed over 7,000 units across more than 30 properties in the region, and recently celebrated the grand opening and/or groundbreaking of the following housing developments in the area: Diamond Flats, a newly delivered 331-unit luxury community in Carrollton; Jackson Road, a luxury 370-unit multifamily community; Cora, a 340-unit mixed-income housing community in Anna, Texas; Sutton Flats, a 300-unit market-rate multifamily community in Howe, Texas; The Whitley, an upscale 330-unit multifamily community in Princeton, Texas.
Wintrust Commercial Real Estate provided construction financing for the development. Camp Wisdom broke ground in November, with completion estimated for Q3 2027.