New Construction and Development

CityView, a premier investment management and development firm focused on urban multifamily real estate in the Western United States, and Windflower Properties, a privately held real estate development company, today held a naming ceremony for their new transit-oriented apartment community, The Union Flats. The Union Flats project is currently under construction in the Station District neighborhood of Union City, Calif.

MORGAN, a leader in upscale multifamily development, construction and property management, has opened Pearl CityCentre and Pearl Residences at CityCentre, two of its newest luxury apartment developments in Houston. Located across the street from one another at 10401 and 10402 Town & Country Way, the two communities have been designed to appeal to a variety of renters drawn to the area for its proximity to shopping at CityCentre and Memorial City, employment in the Energy Corridor and Westchase District, and exemplary schools in the area.

VIENNA, Va. – May 17, 2015 – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the completion of Modera Avenir Place, a transit-oriented, mixed-use community situated on the Dunn Loring-Merrifield Metro station. 

LITHONIA, GA – May 17, 2016 – Wendover Housing Partners, a privately held real estate development, investment and management company, today announces breaking ground on a new affordable, multi-family apartment community in Lithonia, GA, Granite Crossing. Located in the heart of the downtown Lithonia Plaza, construction on the 75-unit community is scheduled to begin in August 2016—the newest major construction in the city since 2009. With the first residents expected to move in during summer 2017, the new development is the cornerstone in the City’s sustainable revitalization plan for transforming the downtown neighborhood.

A vibrant new development is in the works that will dramatically change the southern edge of downtown College Park. The University of Maryland today announced plans to redevelop the Quality Inn, and several adjacent businesses, into a grocery-anchored, mixed-use community featuring upscale residences, restaurants and retail.

Wood Partners, a national leader in real estate development and acquisition, is now leasing units at its new multifamily community, The Slate at Andover. The 224-unit property, which was built on the former Rolling Green Golf Course, is located in the highly-desirable town of Andover. The site includes two four-story buildings, one which is now open for leasing and the other which will complete construction this summer.

“The Slate is a unique community situated just three miles from the heart of downtown Andover, offering residents a distinct communal feel where they can live, work and play,” said Carolyn Zern, vice president of development for Wood Partners. “From empty-nesters to young families to working professionals, The Slate at Andover was designed to appeal to a range of residents looking for a luxury living experience that stands out within the region.”

Preferred Apartment Communities, Inc. (NYSE: APTS) announced that on April 20, 2016 it closed on a loan investment of up to approximately $9.4 million.  This investment is in connection with Haven Campus Communities, LLC's plans to develop a 556-bed, 140-unit student housing community located near Texas Tech University in Lubbock, Texas.  This is the second phase to an existing student housing project that is completing its first lease-up.  The second phase will be managed by Preferred Campus Management, LLC, the same company managing the current lease-up in the first phase.  Additionally, with this investment, Preferred Apartment Communities received an option to purchase the student housing community following stabilization at a discounted price to market.  "We are excited to continue the growth of investments in student housing assets near world-class universities," said Paul Cullen, Chief Marketing Officer of Preferred Apartment Communities.

Community to Add 484 Apartment Homes to Baltimore/Washington D.C. Corridor

Wendover Housing Partners, a privately held real estate development, investment and management company, today announces the opening of its first affordable senior community in Tampa, Haley Park Apartments. The new property is a member of the prestigious collection of properties in Florida built and managed by Wendover Housing Partners. With first-class design standards in mind, Haley Park provides income restricted residents age 55 and up with a safe and upscale community to call home.

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