Author: ipgocorp

POMPANO BEACH, FL – The Cordish Companies and Caesars Entertainment announced their Pompano Beach development, The Pomp, will be anchored by a dynamic Live! dining and entertainment district. Located 35 miles north of Miami and less than 10 miles north of Fort Lauderdale, the 223-acre project is one of the largest developments in South Florida. Once complete, The Pomp will bring together entertainment, dining, hotel, retail, residential, office and lifestyle amenities, alongside the successful Harrah’s Pompano Beach casino, in one world-class destination.
“It’s incredibly exciting for The Cordish Companies to continue advancing this game-changing project with our partners at Caesars Entertainment,” said Blake Cordish, Principal of The Cordish Companies. “The Pomp represents one of the most dynamic opportunities for placemaking in the United States. There is no comparable development in South Florida that combines casino gaming with best-in-class entertainment, retail, dining, hotel, residential, office and lifestyle amenities into one dynamic destination. With Live! as an anchor, we are creating a high-energy dining and entertainment hub that will attract millions of new visitors from across the region and beyond.”
The development’s name, The Pomp, honors the local history and pays homage to the beloved former Pompano Park racetrack located on the project site. With the newly remodeled and rebranded Harrah’s Pompano Beach and Live! entertainment anchor at its core, The Pomp will feature 1.3 million square feet of retail and entertainment space, 4,000 luxury residential units, two hotels and 1.35 million square feet of Class A office space upon completion.
“We are completely reimagining what this area of South Florida looks like for residents and visitors to Pompano Beachwith The Pomp and Live! through our partnership with The Cordish Companies,” said Anthony Carano, President and COO of Caesars Entertainment. “Building off the success of our newly remodeled and rebranded Harrah’s Pompano Beach casino, we are committed to delivering a one-of-a-kind entertainment and lifestyle destination, unlike anything in South Florida, that will provide the best in gaming, world-class amenities and attract new visitors to the dynamic area.”
For over a century, The Cordish Companies has created and managed an extraordinary portfolio of upscale mixed-use, entertainment and casino resort destinations throughout the United States. Its Live! brand, which will anchor the development’s entertainment and dining component as Live! at The Pomp, is regarded as one of the premier entertainment brands in the U.S., welcoming over 55 million visitors each year to its dining, entertainment, hotel, casino resort and music venues across the country. For over two decades, Live! has dramatically changed the entertainment experience, creating one-of-a kind destinations that offer a curated year-round calendar of special events, premier dining venues, first-class hospitality, and the best of local, regional and national entertainment.
“The City of Pompano Beach is delighted to have Caesars and Cordish partner on this incredible project,” said Pompano Beach Mayor Rex Hardin. “Caesars is known for their energetic gaming destinations, and Cordish has a successful track record of developing and operating dynamic mixed-use properties that spur community revitalization. The Pomp and Live! will not only attract millions of visitors to our city annually, it will also create thousands of jobs for Pompano Beachand South Florida residents, leaving a lasting positive impact on our city and region.”
Encompassing multiple dining concepts, Live! at The Pomp will showcase over 25,000 square feet of premier food and beverage venues including nationally acclaimed concepts Sports & Social and PBR Cowboy Bar. The venues will open onto a sprawling central plaza that will create a free flowing gathering space for local, regional and national live music and entertainment, family-friendly events, cultural celebrations, festivals, new-to-market special events, social activities and experiences, additional dining options, and more.
Sports & Social and PBR Cowboy Bar are two powerhouse names in dining and entertainment and among the fastest growing concepts in the United States. The concepts can be found at the front door of professional sports stadiums, high-profile entertainment and lifestyle districts, and world-class casino resort destinations including The Battery adjacent to Truist Park in Atlanta, GA; Ballpark Village adjacent to Busch Stadium in St. Louis, MO; Texas Live! in the heart of the Arlington Entertainment District; Live! Casino & Hotel Philadelphia in Philadelphia’s Stadium Complex and Live! Casino & Hotel Maryland in the Baltimore/Washington Corridor.
Offering guests an immersive sports entertainment atmosphere that is the next best game watching experience outside of a stadium or arena, Sports & Social will feature multiple digital media experiences including a state-of-the-art LED media wall, that allows guests to watch multiple games and sporting events at once. The 18,000-square-foot space will feature an electric environment with elements such as emcees and DJs, live fan-cams, competitions and games, and industry-leading audio and visual displays including music and light effects. Curated by James Beard Award Nominee Chef John Suley, Sports & Social’s menu features an elevated selection from its made-from-scratch kitchen for lunch, dinner, and a can’t-miss brunch experience on the weekends. The bar’s beverage program includes creative craft cocktails, specialty drinks, and an extensive line-up of brews on tap.
Born from the toughest sport on dirt, the iconic PBR Cowboy Bar lives up to its legendary namesake, Professional Bull Riders, which embodies toughness, determination, and a true spirit of independence. PBR Cowboy Bars fuse that spirit with first-class hospitality, bringing an authentic country western experience that marries an electric combination of “cowboy cool” and big-time entertainment. The 7,000-square-foot venue will offer high-energy music, expansive bars, private VIP tables, industry-leading sound and lighting, and a mechanical bull. The soul of PBR Cowboy Bars comes alive through its great entertainment, the best in country music, and its rich traditions, including Freedom Friday, a night of appreciation once a month for all military personnel, veterans, first responders and public service members. PBR Cowboy Bars have welcomed some of the biggest names in country music including Luke Bryan, Old Dominion, and Justin Moore.
Along with Live! at The Pomp and Harrah’s Pompano Beach, recently announced Topgolf will also anchor the Pompano Beach development with their eighth Florida location. The future Topgolf venue will invite players to enjoy the brand’s technology-driven modern golf experience to play point-scoring golf games in an energetic and fun environment. The venue will feature 102 outdoor climate-controlled hitting bays equipped with Topgolf’s signature ball-tracking technology, along with a full-service restaurant, top-shelf drinks, rooftop terrace, a patio, music, private event space and year-round family-friendly programming. Currently under construction, Topgolf is expected to open late 2023.
In Florida, Cordish was the original development partner of the Seminole Tribe of Florida for Hard Rock Hotel & Casino Hollywood and Hard Rock Hotel & Casino Tampa, two of the most successful casino entertainment resorts in the world. Further demonstrating their strong commitment to the State of Florida, Cordish has several other developments in progress including Vivo! Dolphin Mall, a 62,000-square-foot dining and entertainment district currently under construction in Miami, and a 36,000-square-foot immersive dining and entertainment experience at The Pointe Orlando, near major theme parks and across the street from the Orange County Convention Center.

MCDONOUGH, GA – Leading multifamily real estate developer Wood Partners announced the official grand opening of its newest luxury residential property, Alta Bridges, located in McDonough, Georgia. To welcome residents, the community hosted an official ribbon cutting ceremony.
Located at 205 Bridges Road in historic McDonough, the newly opened community offers residents a taste of small town living less than an hour from bustling downtown Atlanta. With its close proximity to downtown McDonough, Alta Bridges residents have easy access to the town’s quaint shopping district and traditional Southern cuisine from local restaurants, as well as added entertainment and outdoor activities at nearby Atlanta Motor Speedway and Southern Belle Farm.
“We are very pleased to officially open Wood Partners’ first development in the McDonough area, Alta Bridges,” said Bennett Sands, Managing Director. “The luxury community offers a wide range of desirable amenities and on-site offerings to cater to the needs of our residents while also providing touches of the Southern charm McDonough is known for.”
Alta Bridges offers 250 apartment homes made up of one-, two- and three-bedroom floor plans, as well as surface parking and multiple detached garage spaces. Each unit features high quality interior packages including stainless steel appliances, farmhouse sinks with gooseneck faucets, granite countertops, vinyl wood flooring and full size in-unit washer and dryer sets.
The Alta Bridges community also boasts several high-end amenities for residents to enjoy, including a resort-style pool with tanning ledges and a large sundeck, a poolside activity lawn with cornhole, outdoor firepits, multiple grilling stations and a pet park and spa. Additionally, residents have access to an on-site fitness center featuring virtual training and a private yoga room, a community co-working space with private micro-offices, an automated barista with complimentary coffee, and a club room with entertainment kitchen, lounge areas and an indoor fireplace.
“Alta Bridges aims to provide residents with a quaint community to call home through a perfect balance of small-town charm and luxury living,” added Sands. “With its location just south of downtown Atlanta, we know the property provides the perfect relaxing yet connected way of life for residents looking to put down roots outside of Atlanta.”

CASTLE ROCK, CO – Watermark Companies announced the opening of 102 newly constructed townhome rentals in the Castle Rock area of Colorado. Known as Canvas at Castle Rock, the brand-new, well-amenitized townhome community is now leasing.
Canvas at Castle Rock is a collection of newly constructed townhomes located at 300 Canvas Ridge Avenue in Castle Rock, CO. Equipped with EV-ready attached garages, private yards, designer finishes and best-in-class amenities, such as a pool, fitness center, and direct access to regional trails – the 102-townhome community is developed by Watermark Companies and professionally managed by Lincoln Residential. The one, two, and three-bedroom townhomes are available in five different floorplans ranging from 764 to 1,778 square feet.
We re very excited to introduce Canvas at Castle Rock to the area. said Kylie Duarte, Investment Director at Watermark Companies. There is a strong demand for leased home communities across the country, and we ve seen success in numerous markets providing an elevated way to live to a wide variety of lifestyle situations. Couples downsizing, families with kids, travel nurses, and those who choose to rent but want more privacy than an apartment complex, while retaining luxury amenities at a similar price point – all would benefit from Canvas at Castle Rock.
Community amenities include a resort-style swimming pool, fitness center, clubhouse and lounge, gas grills, game lawn, walking trails, and more. Residents will enjoy a truly maintenance-free lifestyle with an on-site maintenance crew to take care of your home upkeep – so you don t need to worry about repairs, snow removal, or lawn care.
Canvas at Castle Rock is located within a top-rated school district, is pet friendly, and connected to downtown Castle Rock via walking and biking trails for easy access to restaurants, retail, breweries, parks, golf courses, and more. Ideally located just a few minutes from I-25, the community is equidistant from both Denver and Colorado Springs, making it an ideal location for commuting or for weekend trips to the mountains.
Homes feature attached garages prewired for electric vehicles, smart-home technology such as Ring doorbells and Yale smart locks, plentiful storage, stainless steel appliances, private yards*, covered decks*, kitchen islands, and walk-in closets. Residents of Canvas at Castle Rock enjoy a lock-and-leave lifestyle with home and yard maintenance included.
We re looking forward to welcoming new residents to Canvas at Castle Rock, said Catlin Clarke, Marketing & Communications Specialist at Watermark Companies. With the added space and perks that come with a single-family home, paired with the conveniences and amenities of a class A multifamily complex. It s a win-win.

PHOENIX, AZ – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers (NYSE: TOL), the nation s leading builder of luxury homes, and joint venture partner The Davis Companies, announced the opening of Callia, the firm s new four-story, 403-unit luxury apartment community in Midtown Phoenix. Financed with a construction loan facility from Pinnacle Financial Partners and Trustmark, construction commenced in 2021 and resident occupancy began in October 2022. Callia s official grand opening celebration was held last week with development partners, as well as current and prospective residents.
Designed by Phoenix-based architect Biltform, with branding and interior design by Streetsense, Callia is situated on an 8.2-acre site at the intersection of Indian School Road and Central Avenue in the vibrant Midtown neighborhood of Phoenix. Callia offers market-rate studio, one-, two-, and three-bedroom luxury rental apartments, as well as nine live-work units, and 624 surface parking spaces with available tuck-under garages and EV (electric vehicle) charging stations. Callia also offers more than 1,100 square feet of ground-floor neighborhood-serving on-site retail space along Central Avenue, which includes a covered patio and on-site short-term parking.
We re thrilled to open another exceptional luxury community in Midtown Phoenix. This community serves the most discerning residents who seek the luxury living experience for which Toll Brothers is already well known here and nationwide, said John McCullough, President of Toll Brothers Apartment Living. Phoenix has seen significant employer growth, which has been the catalyst for bringing in transformative developments. The market continues to see tremendous population growth, attracting renters and home buyers alike.
Residences offer polished finishes, artistic features, and subtle touches of modern, thoughtfully appointed design. From feature-filled kitchens to spa-inspired baths, every space has been carefully considered to create a welcoming retreat from the outside world. Smoked oak-style flooring is offered in living areas with plush textured carpet in all bedrooms. Kitchens include concrete-inspired quartz countertops and white tile backsplashes, a kitchen island with decorative pendant lighting, European-style cabinets with soft-close doors and drawers, GE® stainless steel appliances, and a contemporary undermount sink. Designer fixtures include lighted ceiling fans in all living rooms and bedrooms, as well as spa-inspired black plumbing fixtures and hardware throughout. Technology offerings include in-residence Wi-Fi, smart home features such as Latch keyless entry and smart thermostats, and USB charging outlets in kitchens and bedrooms. All residences also offer private balconies. Double bathroom vanities, large soaking tubs and tiled stand-up showers with glass enclosures, oversized closets with built-in storage and shelving, and French doors are available in select residences.
Callia boasts more than 27,000 square feet of interior and exterior curated amenity space that provides a restorative retreat designed to refresh and inspire. Amenities include a hospitality lobby and lounge, a wellness lobby with a hydration station, a resident sun lounge featuring a two-story fireplace and complimentary coffee, Package Concierge® lockers and oversized package room with cold storage, a state-of-the-art fitness center featuring WellBeats®, coworking spaces with private offices and a conference room, an interactive gaming lounge with billiards and lounge seating, abundant bike storage and a bike service station, and community-wide Wi-Fi. Outside, residents enjoy two resort-style pools with cabanas, grills, firepits and a water feature, an off-leash dog park and fully equipped pet spa, and a rooftop lounge with plush seating, beer taps, fireplace, and expansive views of Camelback Mountain.
Midtown Phoenix is a vibrant and thriving community with a rich history and culture. It’s a place where people come together to celebrate life, art, and diversity, said Todd Bowden, Southwest Managing Director of Acquisitions and Development for Toll Brothers Apartment Living. Callia is more than just a place to live; it’s a place to call home, and we’re so excited to open our doors to our residents who will enjoy elevated rental living right here in Midtown Phoenix.
Davis is thrilled to partner again with Toll Brothers Apartment Living in providing Callia, a dynamic and beautifully constructed apartment community in Phoenix. Toll s distinctive design, quality finishes, and thoughtful focus on details and craftmanship is present throughout this community, said Gary Hofstetter, Senior Vice President, Asset Management for The Davis Companies.
Callia offers residents convenient access to Downtown, Uptown, Central Phoenix, and Tempe via the Valley Metro light-rail stop. The community is also within walking distance of a variety of high-end restaurants, grocers, retail stores, and office space. Callia is the third multifamily community Toll Brothers has delivered in the Phoenix market, joining Haverly, the firm s first foray in Midtown Phoenix that opened in 2022, and Canvas, a Toll Brothers Campus Living community in Tempe adjacent to Arizona State University, which offered first residency to students in 2021.

SAN MARCOS, CA – Affirmed Housing, a leading provider of affordable and supportive housing throughout California, announced that construction has commenced on Estrella, an approximately 79,510-square-foot, affordable housing development serving families in need in the City of San Marcos. The complex will provide 96 apartments to low income families earning between 30 and 80 percent of the area median income (AMI).
Estrella is a win for the City of San Marcos and its citizens, said San Marcos Mayor Rebecca Jones. Between Estrella and the adjacent Alora development and working with outstanding community partners to help ensure smooth project delivery, we are adding nearly 200 units for working families and low-income residents – and all within walking distance of many public services, stores and other businesses. What s good for our more vulnerable residents is also good for the whole of San Marcos.
Estrella will be comprised of four residential buildings, each with a shared laundry facility, with a mixture of one-, two- and three-bedroom apartments. Two three-bedroom units are reserved for Estrella s on-site property managers. A separate community building provides residents access to several shared amenities, including a kitchenette, computer room, barbecue area and bicycle parking. Four tot lots and a teen recreation area will also be incorporated on the site. The development s sustainable design will feature the latest energy-saving and water-wise technologies and best practices.
Once complete, this new housing development will contribute to families living well in North County. Twenty-five of the homes here will be set aside for extremely low-income families, said County of San Diego s Housing and Community Development Services Director David Estrella. Housing is health, and as the County s Health and Human Services Agency, we rely on strong partnerships to build healthy communities, and that s what we have here today with the City of San Marcos, Affirmed Housing, and so many other supportive partners.
A total of 171 parking spaces will be available, including eight that will be EV ready. All of Estrella s tenants will also have access to complimentary, on-site services intended to support families in need, including computer training and resume building resources and programs dedicated to health and wellness, financial literacy and parenting. A service coordinator will be present to organize and plan community-building activities, such as holiday events, for residents.
In addition to the conveniences and comfort Estrella will provide its occupants, the site is located in close proximity to several off-site resources that enhance seamless livability. Within walking distance are grocery stores, a pharmacy, a neighborhood library, public parks and access to public transportation. A middle school sits adjacent to the complex.
Housing and care are fundamental elements to maintaining the health and wellness of the region, and Estrella is a demonstration of the city and county s investment in its people, said Jimmy Silverwood, president for Affirmed Housing. Estrella provides affordable housing, infrastructure and recreational facilities to enhance the lives of hard-working families and individuals, as well as the broader community. We re proud to work with partners who share our vision of ensuring housing for all people.
Estrella follows the development of Alora, a separate, Affirmed Housing-produced affordable community currently under construction next door to Estrella. To boost the region s critically needed housing supply, Affirmed Housing demolished an existing 70-unit development on the property (formerly Mariposa) and recorded a new parcel map to make way for both projects. The redevelopment will result in a net gain of 66 new affordable apartments at Estrella and 60 new affordable apartments at Alora.
Affirmed Housing s development partners for Estrella include the City of San Marcos, the County of San Diego, WNC, Banner Bank, DAHLIN Group Architecture Planning, Masson and Associates, and form/work Landscape Architecture.

MIAMI, FL – 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 Aventura, a contemporary mixed-use apartment community in the emerging Ojus neighborhood of northeast Miami-Dade County.
The community, which will feature 420 apartment homes and 6,400 square feet of ground-floor retail, sits adjacent to booming Aventura, a planned suburban city along the Intracoastal Waterway approximately 15 miles north of Downtown Miami. First move-ins are anticipated for summer 2025 with a second phase in the planning stages.
“Aventura has received international acclaim as a premier living destination with a multitude of shopping and entertainment opportunities,” said Andrea Rowe, senior managing director of development in South Florida for Mill Creek. “We are extremely excited to get started on this community, particularly given the shortage of land available for new development in the immediate area and the booming South Florida market, in general. We are eager to help address the growing need for quality housing in the area and look forward to delivering a top-of-market experience.”
Situated at 2681 NE 191st Street, Modera Aventura is located between Biscayne Boulevard and the West Dixie Highway in a former industrial area amidst a vibrant revitalization. The community, which features a superb Walk Score of 89, is a few blocks south of a new Brightline train station and within a short drive of Interstate 95, the gateway to the greater metropolitan area.
Modera Aventura, which will be built to NGBS silver certification standards, will feature studio, one-, two- and three-bedroom homes with select den layouts and an average home size of 951 square feet. Community amenities will include a swimming pool, grilling areas, outdoor kitchen, landscaped courtyards, resident clubhouse, pool table, community-wide WiFi, coworking spaces, private workspaces, conference room, onsite dog park and a club-quality fitness center with cardio equipment and group fitness area. Residents will also have access to valet dry cleaning, dedicated bike storage, a bike repair station, digital package lockers, controlled-access garage parking and EV charging stations.
Apartment homes will be delivered with a variety of sophisticated features, including nine- and 10-foot ceilings, wood plank-style flooring, Energy Star stainless steel appliances, quartz countertops, tile backsplashes, 42-inch custom cabinetry, smart thermostats, built-in bars, full-size washers and dryers, mobile-app entry and large private terraces. Bathrooms will feature soaking tubs, tile tub/shower surrounds, double vanities and linen closets.
Modera Aventura will mark Mill Creek’s 10th development community within Miami and 16th in the South Florida market.

KNOXVILLE, TN – MZ Capital Partners, expanding its Knoxville Tennessee asset footprint, has announced the purchase of the Residences at Devanshire, an 87 single family home rental community.
Knoxville is one of the best rental real estate investment markets in the nation. Occupancy in the Knoxville market has ranged from 95% to 98% over the past five years. Over the last year, occupancy levels have exceeded 97%. The Knoxville occupancy rate ranked #1 among the 66 key South region markets and #9 among the top 150 markets nationally.
Located in the West Knoxville sub-market, the 87 Single Family Homes, built in 2006, feature 3 bedrooms and 2 full baths with back porches or patios, attached garage parking, and private back yards with mountain range views.
The acquisition provides a unique opportunity for increased cash flow and appreciation in value through more efficient institutional quality management and a value-add renovation and repositioning program.
MZ Capital Partners, headquartered in Northbrook, Illinois is a demographically driven real estate investment firm with a specialty niche in multifamily assets throughout the United States.

AUBREY, TX – Affiliates of Harbor Group International (“HGI”), a privately owned international real estate investment and management firm, announced the acquisition of Mezzo, a 378-unit, Class A multifamily property in Aubrey, Texas. Built in 2022, Mezzo consists of twelve three-story buildings and a clubhouse.
Mezzo is located in a rapidly evolving submarket of North Dallas that has experienced a significant 326% increase in population since 2000. This coincides with a time of considerable business development in North Dallas. Located approximately three miles from the Property, the PGA of America recently completed its headquarters and is building two additional mixed-use developments. Furthermore, the Property is conveniently surrounded by a variety of dining options and entertainment, including golf courses and shopping centers.
The close proximity to employment hubs and neighborhood attractions make Mezzo well-positioned to meet the community’s growing need for high-quality multifamily accommodations.
“The Mezzo acquisition is a testament to HGI’s suburban investment approach and ability to identify opportunities in fundamentally strong markets across varying market conditions,” said Richard Litton, President, HGI. “The area has seen an influx of renters migrating from more expensive areas of Texas, and we expect Mezzo to see high occupancy rates in the coming years as the desirability of Aubrey, Texas continues to attract residents to the area.”
Mezzo benefits from state-of-the-art amenities throughout the property and individual units. This includes a fitness center, yoga studio, resort-style pool and spa, as well as co-working spaces, a resident lounge, an outdoor kitchen and dining area. In-unit interiors include Whirlpool appliances, quartz countertops, washer-dryer sets, spacious closets, European-style cabinetry, and balconies or patios.
Since Mezzo’s opening in February 2022, the Property has experienced a consistent flow of move-ins on a monthly basis during its lease-up period. Mezzo is 84% occupied as of April 2023.
Newmark facilitated the transaction, with Henry Stimler, Bill Weber and Matt Mense arranging the debt and Brian Murphy and Brian Oboyle brokering the sale.

MINNEAPOLIS, MN – Turner Impact Capital, one of the nation s largest real estate investment firms dedicated to social impact, has expanded its efforts to address the country s urgent housing affordability crisis with the acquisition of its first multifamily housing community in the Minneapolis metropolitan area.
Acquisition of the 207-unit Urbana Court Apartments in Brooklyn Park, Minn., closed today as one of the final investments of Turner Multifamily Impact Fund II. The purchase enables Turner Impact to bring its innovative market-driven housing solution for low- and moderate-income families to a fast-growing Minneapolis community with convenient access to job opportunities, healthcare, and schools.
The Turner Multifamily Impact Funds have acquired, preserved, and enriched approximately $2 billion of critically-needed housing for working individuals and families located in densely populated, ethnically diverse metropolitan areas throughout the U.S. These investments represent nearly 13,000 units of workforce housing nationwide, serving residents earning up to 80% of area median income while generating strong risk-adjusted financial returns for its institutional investors. Residents include community-serving professionals such as teachers, police officers, healthcare workers and others who often earn too much to qualify for subsidized housing but struggle to afford higher-cost housing located near job centers.
As rents rise and recession concerns mount, we must ensure that working families have access to stable, affordable, and high-quality housing in major metropolitan areas, Turner Impact CEO Bobby Turner said. We continue to expand our housing initiatives, and Urbana Court presents an opportunity to bring our successful model to one of the most dynamic markets in the Midwest.
Urbana Court is a newly built apartment complex with a large community center, 24-hour fitness center, pool, pickleball courts, playground, and underground heated parking. The units feature a wide range of appliances and full-size washers and dryers, and as part of Turner Impact s sustainability initiatives, the Fund has identified ways to reduce energy and water use.
Minneapolis has the largest metropolitan economy in the region after Chicago, where Turner Impact also has significant housing investments. Brooklyn Park is located just north of the city, near the largest health-technology cluster in the country, known as medical alley, and major employers such as Medtronic, Target, and Amazon, as well as easy access to jobs in downtown Minneapolis and St. Paul.
Turner Impact s holistic approach to workforce housing also entails enriching residents quality of life with demand-driven essential on-site services in education, health, safety, and other areas that help build a sense of community. These include after-school tutoring programs, exercise and nutrition classes, community watch programs, and more.
We are excited to expand our impact to greater Minneapolis and are actively pursuing additional investments in the market, said Gee Kim, President of Turner Impact s Multifamily Housing Initiatives. We welcome and look forward to opportunities to contribute in a meaningful way to the housing solution in this key part of the country.
Housing initiatives are a core component of Turner Impact Capital s holistic approach to social impact investing. Since 2016, Turner Impact has raised more than $650 million in equity for its first two housing funds – Turner Multifamily Impact Funds I and II – and has recently launched a third fund, Turner Multifamily Impact Fund III. The new Fund is the firm s largest to date, targeting between $750 million and $1 billion in total commitments. The Fund has already received strong interest from both U.S. and international investors and will build on the work of its predecessor funds to preserve and enrich workforce housing through the acquisition of existing affordable rental housing at scale.
Turner Multifamily Impact Fund III will also pursue the development of new affordable housing through public-private partnerships, as well as opportunistic investments in and recapitalization of workforce housing projects resulting from market dislocations.
Turner Impact has recently accelerated its expansion by hiring Gary Rodney, a national housing leader, as Managing Director for Housing Initiatives. Rodney joined Turner Impact from Tishman Speyer, where he launched the firm s first affordable housing platform, and earlier served as Chairman of CREA, a national syndicator of low-income housing tax credits, as well as President of the New York City Housing Development Corporation.

CARY, NC – Wood Partners, a national leader in multifamily real estate development, together with its partner Trei Real Estate, announced that it has broken ground on Alta Ivy, a 300-unit apartment community in Cary.
Centrally located in the Raleigh-Durham-Chapel Hill “Triangle”, Alta Ivy will provide residents with modern amenities in close proximity to the ample employers within Cary, Raleigh, and Durham. Alta Ivy is located minutes away from Research Triangle Park (RTP), which is the largest research park in the United States with over 50,000 highly-skilled jobs, and soon to be home of the new, highly anticipated, Apple campus.
“Wood Partners is thrilled to bring a community of the highest quality to this submarket, which is one of the most desirable in the area in part because of its excellent proximity to major employers” said Caitlin Shelby, Managing Director at Wood Partners. “Residents will have quick access to all that the Triangle has to offer while enjoying a peaceful sense of community.”
The community will offer a mix of one-, two- and three-bedroom floor plans. Each home will include top-of-the-line finishes including stainless steel appliances, quartz countertops, tile backsplash, in-home washer and dryer, and wood-style flooring throughout the kitchen, living room and bathrooms.
Alta Ivy will feature many attractive amenities including a courtyard with saltwater pool, 1.5 acres of preserved open space, a dog park, a large public art feature, and a well-appointed clubhouse including 5,000 square feet of office space.
The community is expected to begin leasing in early 2024.