Author: ipgocorp

ATLANTA, GA – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Wrenly, a 214-unit multifamily community in the Atlanta suburb of Newnan. The company expects to welcome its first residents in April 2027, and construction completion is projected for early 2028.
“Coweta County’s entitlement process is grounded in thoughtful planning and community priorities, and we’re honored that our collaborative approach earned the trust and support needed to move this development forward,” said Josh Purvis, managing partner for Thompson Thrift Residential. “We are excited for Wrenly to deliver high-quality, luxury housing that supports the continued growth and momentum of the Newnan community.”
Located at the northeast corner of Newnan Crossing Boulevard and Newnan Crossing Court, the 28.6-acre community will include six residential buildings in one-, two-, and three-bedroom configurations. The apartment homes will average approximately 1,000 square feet and feature designer fixtures and finishes, including elegant granite countertops, stainless-steel appliances, smooth glass-top ranges, timeless tile backsplash, full-size washers and dryers, and hardwood-style flooring, as well as patio, balcony, and private yard options.
Resort-style living will continue throughout the community and feature a fully equipped fitness center with 24-hour access, firepit with seating areas, a swimming pool with an integrated waterfall, and a built-in seat wall adjacent to the firepit. Community grilling areas, pickleball court, dog park, pet spa with grooming station, and a resident business center with focus suite will also be available for residents to enjoy.
Major employers near the site include Piedmont Newnan Hospital, Yamaha Motor Manufacturing, Amazon Distribution Center, Southeastern Regional Medical Center, just to name a few. Significant investments not far from the site include Piedmont Newnan Hospital’s $65 million south tower expansion, and the U.S. Soccer National Training Center, a $200 million, 200-acre development expected to open in 2026 that will create approximately 400 jobs and include more than 200,000 square feet of high-performance facilities, locker rooms, meeting rooms and headquarters space for employees.
In the past 10 years, Coweta County has seen limited multifamily deliveries, representing only 1.4% of the overall multifamily deliveries across the Atlanta MSA during the same period, while population growth exceeded 21% throughout the last 15 years and is expected to grow another 5.6% over the next five years. This strong population growth has led to a shortage of housing options for new residents, making Wrenly a great addition to the Newnan market.

HYATTSVILLE, MD – EJF Capital, a global alternative asset management firm with approximately $5.6 billion of assets under management, announced the completion of construction at The Bellevue, a 361-unit, multifamily development located in Hyattsville, Maryland. This is the fifth project delivered within EJF s OpZone Fund II and reflects the Firm s continued expansion into high-growth, metropolitan Qualified Opportunity Zone ( QOZ ) markets.
Developed in partnership with The NRP Group, The Bellevue is situated in one of Prince George s County s most dynamic residential corridors, a neighborhood propelled by ongoing economic development and expanded access to employment centers throughout the Washington, D.C. metro area. Long-term demand for high-quality housing in Hyattsville results from proximity to the University of Maryland, a vibrant arts district, and dynamic retail and dining options.
The newly delivered community features studio, one-, two-, and three-bedroom apartments along with a comprehensive amenity suite, including a fitness center, clubroom, co-working lounge, landscaped courtyards, and structured parking.
We are pleased to bring The Bellevue to completion as we invest in high-quality housing within supply-constrained and growing communities, said Asheel Shah, Senior Managing Director and Head of Real Estate Development at EJF. Hyattsville s strong demographic and employment trends make it a highly attractive market, and The Bellevue reflects our commitment to delivering thoughtfully designed multifamily communities with best-in-class partners.
The Bellevue joins EJF Capital s growing portfolio of multifamily and industrial developments within QOZs nationwide. Since 2018, EJF has invested in 24 multi-family and commercial developments across the country, including five completed developments in the OpZone Fund II, aligned with the firm s strategy of develop institutional-quality properties in markets positioned for sustained growth.

ORLANDO, FL – Halstatt Real Estate Partners, a real estate private equity firm, announced the acquisition of Isles at East Millenia, a 200-unit multifamily community located in Orlando, Fla. The property was acquired in partnership with GoldOller Real Estate Investments, a long-standing Halstatt partner.
Orlando continues to post exceptional job and population growth, fueled by its robust leisure and hospitality sector, said Steven Iannaccone, managing principal, Halstatt Real Estate Partners. While much of the region s new supply targets Class A renters, Isles at East Millenia meets the growing demand for quality workforce housing in one of Orlando s most dynamic submarkets. The asset s location and fundamentals make it an ideal fit for our value-add strategy.
The partnership plans to implement a comprehensive renovation program, upgrading the units that remain in original condition with new appliances, countertops, and contemporary finishes, along with exterior repainting, landscaping, and other site enhancements. This marks Halstatt s fourth value-add repositioning alongside GoldOller, which manages more than 40,000 apartment units across ten states and brings deep operational experience within the Orlando market, including more than 750 units currently under management.
Halstatt Real Estate Partners invests in value add and opportunistic real estate projects across Florida, Texas, and the Southeast, partnering with experienced sponsors to reposition assets and strengthen portfolio performance. In addition to its multifamily investments, Halstatt has been an early mover in the build-to-rent sector, with seven projects totaling more than 1,350 units across Florida, Texas, and Ohio.

ATLANTA, GA – Forum Investment Group, a private real estate investment management firm, announced the recent acquisition of The Indigo, a newly delivered Class A, 168-unit multifamily community located in Canton, Georgia. The transaction marks Forum s first real estate acquisition in nearly five years and reflects the firm s disciplined approach to deployment and conviction that current market conditions present compelling opportunities for long-term investors.
The Indigo is situated in one of metro Atlanta s most affluent and rapidly growing submarkets, offering residents convenient access to major employment centers, top-tier schools, and a diverse mix of retail and lifestyle amenities. The property features modern design, efficient floorplans, and a comprehensive amenity package that positions it competitively within a submarket experiencing limited new supply.
Key investment highlights include:
Strategic Location: Canton and Cherokee County continue to benefit from strong in-migration, robust household incomes, and expanding employment corridors—all supporting durable long-term renter demand.
High-Quality, New Construction: Delivered recently with Class A finishes and contemporary design, the property requires minimal near-term capital investment and compares favorably to older assets in the area.
Attractive Basis: Elevated interest rates have contributed to near-term pricing dislocation, creating an opportunity to acquire a high-quality asset below replacement cost.
Supportive Market Dynamics: Renter demand in the region remains strong while new supply is slowing—conditions that increasingly favor well-capitalized owners.
We have been patient—by design—waiting for market conditions that align with our cycle-tested investment philosophy, said Darren Fisk, Forum Founder & CEO. Today s environment, shaped by resilient fundamentals, temporarily depressed values, and selective dislocation, represents exactly the type of moment we are built to act on. The acquisition of The Indigo reflects the kinds of opportunities we expect to see more of as the market continues to transition.

SPRING HILL, FL – Middleburg, a leading developer and operator of rental housing throughout core Southern markets, announced the closing of the land and construction financing for the development of Mosby Deerbrook, a 330-unit luxury apartment community located at 12014 Engle Road in Spring Hill, Florida. US Bank provided the construction loan for the project. Construction is expected to commence imminently, with the first units delivering in early 2027.
Mosby Deerbrook is strategically positioned near Moffitt Cancer Center’s Speros Campus, a 775-acre campus that, at full build-out over the next few decades, will include 140 buildings, including clinics, research facilities, housing, and more. The first phase is scheduled to open in January 2026. It will feature a 91,000 sq ft outpatient center and a 26,000 sq ft proton therapy center, one of approximately 50 of its kind nationwide. Located less than 30 minutes from Tampa’s Westshore Business District, Mosby Deerbrook will serve Pasco County, one of Florida’s fastest-growing markets, with 130 percent population growth since 2010 and projections to add over 223,000 new residents by 2045.
The fundamentals in Pasco County are exceptional, and it’s been an incredibly active two years for Middleburg in this region, stated Kory Geans, Chief Investment Officer for Middleburg. We’re excited to continue taking a local approach to building out a portfolio that meets renter demand in the area for high-quality, attainable housing. Mosby Deerbrook represents our commitment to serving the rapidly growing Tampa region with communities that enhance quality of life for our residents.
Located less than a quarter mile from Suncoast Parkway, residents will have direct access to Hillsborough County, the Westshore Business District, and Tampa International Airport within a 30-minute drive. The community also provides walkability to the 42-mile paved Suncoast Trail and convenient access to highly rated public charter schools. The property will feature 113 one-bedroom, 182 two-bedroom, and 35 three-bedroom apartment homes across garden-style buildings. Additional amenities include a game lounge, pet spa, co-working lounge, activity yard, and courtyard spaces.
Pasco County has been a major focus for Middleburg, which in the last two years has commenced and completed nearly 600 units through Hamlet at Avalon Park and Mosby at Avalon Park. Both communities are situated within the Avalon Park master-planned development in Wesley Chapel, just 30 minutes from downtown Tampa.

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.