Author: ipgocorp

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.

CONSHOHOCKEN, PA – Morgan Properties announced the landmark acquisition of Dream Residential Real Estate Investment Trust (REIT) for $354 million. This cross-border transaction resulted in a successful acquisition and privatization of a publicly-traded Canadian REIT, while adding 15 communities totaling 3,300 units across key MSAs in Texas, Ohio, Kentucky, and Oklahoma.
Under the leadership of Co-Presidents, Jonathan and Jason Morgan, Morgan Properties is one of few organizations equipped to take a public company private.
In pursuing the Dream transaction, Morgan Properties leveraged off of our strong balance sheet and our expertise in executing complex, structured transactions to accommodate the specific needs and timeframe of Dream Residential REIT’s Unitholders and Board of Trustees, said Jonathan and Jason Morgan, Co-Presidents of Morgan Properties. Morgan Properties has a proven track record in closing these complicated transactions given our unique ability to provide sellers with execution certainty. Our contrarian investment strategy targets large one-off and institutionally sized portfolios without institutional competition. While our regional competition is capital constrained and institutional investors are chasing flight to quality investment opportunities, we intend to capitalize on institutionally sized workforce housing investment opportunities with significant barriers to entry. In 2025, Morgan Properties has acquired $1.5 billion comprised of over 14,000 units.
The Dream acquisition comes on the heels of a stellar acquisitions year in 2025, which saw the company surpass 110,000 units during its 40th anniversary.
We are excited to build off our momentum and continue to strategically grow our portfolio. As we do with every acquisition, we look forward to leveraging off our operational expertise and economies of scale to improve these communities and create long-term value for both our residents and investors.
The company will reinvest $58 million in interior, exterior enhancements and amenity upgrades over the fifteen communities, which range in vintage from 1968 to 2002. Morgan Properties has acquired over 80 properties and hired 250 site-team members this year and the company is planning to invest $200 million in capital improvements on its recent acquisitions.

WASHINGTON, DC – Broad Creek Capital ( BCC ), a private-markets investment firm focused on U.S. real assets, announced the first close of BCC Multifamily Advantage Fund I ( BCC MAF I ), its dedicated U.S. value-add multifamily vehicle. The fund is anchored by a select group of U.S. municipal institutions and family offices across the United States and Europe.
The close of BCC MAF I represents a significant step in Broad Creek s continued growth as a transatlantic private-markets platform. Building on years of partnership with select family offices in the U.S. and Europe, the firm is now opening its proven investment strategy to a broader base of institutional and family office investors. The fund is targeting $150 million in total capital commitments, with a second close planned for early 2026.
This first close is a strong endorsement of our platform and investment thesis, said Matthew Ruesch, Co-Founder and Managing Partner of Broad Creek Capital. We see one of the most compelling entry points for multifamily in over a decade, where disciplined capital and hands-on execution can generate durable, long-term returns.
In conjunction with the first close, BCC MAF I completed the off-market acquisition of Loft One35, a 298-unit multifamily community in Charlotte, North Carolina, for $94 million. The acquisition aligns with the fund s focus on high-growth markets and value creation through operational improvements, targeted renovations, and resident-experience upgrades.
Loft One35 demonstrates the type of opportunity we seek – well-located assets where disciplined underwriting and hands-on execution can drive durable value,” said Michael Green, Co-Founder and Managing Partner of Broad Creek Capital.
BCC MAF I will invest in essential-housing communities with a focus on the Southeast and broader Sun Belt, where demographic and economic trends continue to drive rental-housing demand. The fund applies a private-equity approach to real estate, focusing on operational excellence, targeted modernization, and disciplined capital structure management to generate attractive, risk-adjusted returns.

LONG BEACH, CA – Linc Housing, a Long Beach-based nonprofit developer of affordable and supportive housing, joined Zephyr residents, officials from Los Angeles County and the City of Long Beach, as well as other development partners to celebrate the completed renovations of two California Project Homekey sites – Zephyr and Crescent.
“I think the public appreciates that we are using existing buildings to create housing faster, smarter, more cost-effectively than ever before,” said Los Angeles County Supervisor Janice Hahn. “The State’s Project Homekey program has been a game changer for us. By partnering with Linc Housing and using state funding to convert these two buildings, we have 177 new apartments for the people who most need them in Long Beach. We need to address the homelessness crisis with the urgency it demands, and I appreciate the City of Long Beach and Mayor Rex Richardson for being my partner in this work and being willing to embrace solutions.”
According to the 2025 point-in-time count, 3,595 people in the City of Long Beach were experiencing homelessness, representing a 6.5% increase from the previous year. As the region continues to confront an urgent housing shortage and rising homelessness, these new communities mark critical progress in expanding access to permanent, service-enriched homes that help people rebuild their lives.
“Zephyr and Crescent have transformed former motels into welcoming, supportive homes for people on the path from homelessness to stability and independence,” said Long Beach Mayor Rex Richardson. “We are committed to expanding supportive housing options across Long Beach because everyone deserves a safe and dignified home with a real chance to build a more stable future.”
Zephyr, located at 1133 Atlantic Avenue, includes 135 studio apartments and two manager’s units, and Crescent, located at 5665 E. 7thStreet, has 39 studios and one manager’s unit. Both communities include a community room, outdoor spaces, and private offices for case management. In all, Linc has four Project Homekey communities with nearly 400 apartments, most with wraparound supportive services.
Lashawn, a new resident at Zephyr, has always been hardworking and independent, juggling multiple jobs to make ends meet. But after her apartment flooded, the water damage and mold made it unlivable and left her seriously ill, with severe rashes, swelling and difficulty breathing. When her landlord failed to fix the problems, she was forced to leave and spent more than a year without stable housing, staying with friends or sleeping outside. After connecting with the Long Beach Multi-Service Center, she moved into temporary housing until she was approved for a home at Zephyr. “When I saw the Welcome Home sign in my apartment, I couldn’t believe it was real,” she said. “Now it’s peaceful, my health has improved, and I finally feel safe again.”
Zephyr and Crescent join Atlas in Los Angeles, which opened earlier this year, and Azure in Anaheim, scheduled to open in early 2026 – all named after butterflies, which are symbols of transformation, rebirth and embracing change. Project Homekey is the State of California’s groundbreaking initiative to transform underused properties into long-term affordable and supportive housing. Before the renovations, Zephyr was a Holiday Inn and Crescent was a Motel 6 – and both were used during the COVID pandemic as temporary housing prior to the County selecting Linc to convert the units to permanent housing.
“At Linc Housing, our mission is to create communities where every person has the stability and opportunity to thrive,” said Suny Lay Chang, president and COO, Linc Housing. “Together, Zephyr and Crescent demonstrate how Long Beach and Los Angeles County are leveraging Project Homekey to tackle the region’s housing shortage head-on, creating pathways to healing, belonging and hope.”
The majority of financing for the initial acquisitions came from Project Homekey funds from the California Department of Housing and Community Development, administered by Los Angeles County. Other sources of funding come from the American Rescue Plan Act, permanent loan commitments from Freddie Mac through Capital One, and construction loans from Genesis LA (Crescent) and Sterling Bank (Zephyr). The Long Beach Housing Authority provides project-based Section 8 rental vouchers for both properties.
With funding support from Los Angeles County Department of Health Services/Housing for Health, residents receive wraparound services and case management to ensure they thrive. Supportive services include mental and physical health services, employment counseling and job placement, education, substance use counseling, money management, assistance in obtaining and maintaining benefits, and referrals to community-based services and resources.
Renovations on Zephyr and Crescent began in March 2024 with designs by Sparano + Mooney Architecture, Inc. and construction by Imperial Contracting. Zephyr is nearly fully occupied, and Crescent will begin to welcome residents this month. All homes are for households at or below 30% of area median income.

BUCHANAN, NY – AMS Acquisitions announced that Sylvan Woods Westchester, the latest luxury addition to Westchester County’s Active Adult 55+ rental market, is now pre-leasing.
“The arrival of Sylvan Woods to Upper Westchester County marks an exciting milestone for our brand,” said Ari Mitnick, Director of Acquisitions. “Designed for those 55 and over, the community offers a simplified lifestyle with the comfort, connection, and vibrancy of a resort-style environment centered on wellness.”
Sylvan Woods Westchester is nestled within a serene, wooded landscape featuring natural rock formations, tranquil ponds, and lush greenery. The community’s amenities are thoughtfully designed to foster connection, offering spaces where residents can gather, host events, and collaborate with onsite staff to create an engaging social environment.
The community has more than 10,000 sq. ft. of amenity space with a 19,000 sq. ft. courtyard. Residents will have access to a movie room, art studio, game room, private dining areas and a great room as well as a health wellness area with steam and spa rooms and a gym. Outdoor amenities include a pool, BBQ stations, a fire pit and a gardening area. In addition, residents can participate in activities such as fitness classes, book clubs, social hours, paint & sip sessions, poker tournaments, and technology exploration workshops, enriching lifestyle and fostering community engagement.
As one of the first new residential communities to emerge in Upper Westchester in decades, Sylvan Woods Westchester brings fresh energy and opportunity to the area. Addressing a long-standing shortage of housing for residents seeking to downsize, the development serves as both a symbol and a catalyst for the continued renewal of the Village of Buchanan and the surrounding Town of Cortlandt.
Ideally located near the Buchanan train station, Sylvan Woods Westchester connects residents effortlessly to the greater Westchester region and New York City, offering the perfect balance between serene retreat and metropolitan access.

INDIANAPOLIS, IN – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Revere, a Class A multifamily community in the Indianapolis suburb of Westfield. The company expects to welcome its first residents in February 2027.
“Westfield continues to stand out as one of the fastest growing and most desirable communities in the country,” said Josh Purvis, managing partner for Thompson Thrift Residential. “With its strong demographics, high quality of life, and recognition as one of the best places to live, Westfield is an attractive place for new residents to call home, and we are excited to deliver a thoughtfully designed community that complements the city’s momentum.”
Located at the intersection of US 31 and E 191st Street, the 23-acre community will feature 350 apartment homes in one-, two-, and three-bedroom configurations averaging 1,000 square feet. The residences will be spread across six buildings, including four 3-story garden-style buildings and two 4-story elevator-serviced buildings.
Each apartment home will offer the luxury amenities Thompson Thrift is known for, including elegant quartz countertops, stainless-steel appliances, glass-top ranges, hardwood-style flooring, quartz vanity tops and undermount sinks, full-size washers and dryers, multiple smart home capabilities and many other designer fixtures and finishes. Select units will offer Thompson Thrift’s upgraded finish package, including premium stainless-steel appliances, kitchen hardware, deluxe closet shelving, walk-in shower with full tile surround, and more. Patio, balcony, and detached garage options are also available.
Luxury living will continue throughout Revere with many high-end features, including a fitness center and social hub with 24-hour access, a resort-style heated swimming pool, electric firepits with seating areas, a dog park and pet spa with grooming station, community grilling areas, a business center with focus rooms and resident conference room with screenshare technology, and more.
Adjacent to the site is IMMI, an industry leader in the innovation, design, testing and manufacturing of advanced safety systems which employs nearly 700 people at its Westfield office. Planned future retail will also sit next to the community, giving residents walkable access to a variety of options. Additionally, Meijer, Kroger, Chick-Fil-A, Portillo’s, Starbucks, and a brand-new Giant Eagle Market are all within a few minutes of Revere.
Less than two miles away is the Grand Park Sports Campus, a 400-acre sports park that is home to the Indianapolis Colts training camp and the Pacers Athletics Center and welcomes over 5.5 million visitors annually. The community also offers excellent connectivity to US 31, providing easy access to downtown Westfield, downtown Carmel and downtown Indianapolis.
Westfield was ranked in the top 5 for best places to live, the best place to raise a family and the best suburb for young professionals in Indiana by Niche.com. Hamilton County has been ranked as having the 4th best public schools in the United States, and Westfield High School ranked in the top 3% in the nation.