Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Amavi Aster Ridge, a single-family build-to-rent community adjacent to the Anthem neighborhood of North Phoenix. 

Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Modera University Park, a contemporary apartment community located in the charming University Park neighborhood. 

Urban Network Capital Group (UNCG) announces that it has launched the sales of its second Visions project, Visions at Brickell Station.  

Resia, the premier attainable housing multifamily developer in the nation, announced that pre-leasing has begun at the Resia Tributary community located in the city of Douglasville, which is part of the growing Atlanta Metro area and spans across seven, five-story buildings.

The Altman Companies, a nationally recognized developer, builder, and manager of exceptional rental apartment communities, in partnership with The Rockpoint Group, is pleased to announce that the pre-leasing of Altís Grand Suncoast, a 449-unit upscale Apartment Community in Land O’ Lakes, a submarket of Tampa, Florida, began on June 1. 

A group led by Baltimore-based boutique commercial real estate and investment company Byrnes & Associates, Inc. has acquired 207. E. Redwood Street which, after its conversion from an office building to a hotel in 2015, has operated as Hotel RL Baltimore Inner Harbor in downtown Baltimore City. Byrnes & Associates plans to immediately commence with an $18.5 million redevelopment strategy to transform the 10-story hospitality asset into an apartment use, featuring 130 studio, junior one-bedroom and one-bedroom units. The development team includes Brad Byrnes and Kemp Byrnes of Byrnes & Associates; investors Jay Litke and Moe Krohn of Kove Group LLC who will be the general contractors performing all construction activities; and investor/asset manager Brendan Ferrara of Carm Capital LLC. The former owner was RL Baltimore LLC.

Greystone, a leading national commercial real estate finance company, announced it has arranged $287 million in combined construction financing and preferred equity for Douglaston Development’s 1057 Atlantic Avenue, a 474,000-square-foot, 17-story, 456-unit mixed-income multifamily rental development in Brooklyn’s Bedford-Stuyvesant neighborhood. Notably, the project will also be one of the last large-scale new rental housing developments eligible to receive a 35-year real estate tax exemption under the recently expired Affordable New York Housing Program (formerly known as 421-a). Greystone Capital Advisors’ Drew Fletcher, Paul Fried, and Bryan Grover served as exclusive advisors in arranging the financing on behalf of Douglaston Development.