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The Rail in St. Louis
DevelopmentMidwestMissouriNews

ARCO Construction, HAD Deliver 268-Unit Community in St. Louis

by Channing Hamilton

ST. LOUIS — ARCO Construction and architect HDA have completed The Rail, a 268-unit project in St. Louis. The Rail comprises 278,659 square feet across four stories. The property also includes a three-level parking garage totaling 94,598 square feet.  Tenants have access to amenities such as a gathering kitchen, fitness center, game lounge, theater, coworking spaces and conference rooms. Additionally, the complex offers outdoor amenities, including a pool and grilling area. Monthly rents start at $1,410, according to the property’s website. Units come in studio, one- and two-bedroom floor plans.

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Investment SalesNewsTexas

950 TL Midtown Purchases Community in College Station, Texas, for $40.8 Million

by Channing Hamilton

COLLEGE STATION, TEXAS — 950 TL Midtown LLC has purchased Nine50 Town Lake at Midtown, a property located at 950 Town Lake Drive in College Station, for $40.8 million. The seller was not disclosed. The community offers a mix of one-, two- and three-bedroom floor plans. Units range from 527 to 1,371 square feet. Amenities include a pool with sun deck and a clubhouse with a fitness center, business center, Wi-Fi café and game lounge with a billiards table and shuffleboard. The community is pet-friendly, with a pet spa and …

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Ty Barnes, Comunidad Partners
NewsPeople NewsTexas

Comunidad Partners Adds Ty Barnes as Head of Investments

by Channing Hamilton

PLANO, TEXAS — Comunidad Partners, an Austin, Texas-based investment firm with a focus on workforce and attainable housing communities in the Sun Belt region, has appointed Ty Barnes as head of investments. In his new position, Barnes will lead the firm’s acquisition, capital markets and portfolio management strategies. Most recently, he held senior roles at Tishman Speyer, Taconic Partners, Related Cos. and WinnResidential. 

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J Veridian at Upper Dublin in Fort Washington, Pennsylvania
DevelopmentNewsNortheastPennsylvania

JAG Delivers 310-Unit Community in Fort Washington, Pennsylvania

by Channing Hamilton

FORT WASHINGTON, PENN. — Jefferson Apartment Group (JAG), along with equity partner CP Capital, has delivered J Veridian at Upper Dublin in Fort Washington, about 25 miles north of Philadelphia. Situated on a 14 acre-site at 1125 Virginia Drive, the community spans 310 units across three five-story buildings. Units range from one- to three-bedroom floor plans. The complex also offers 12,000 square feet of indoor amenities anchored by a clubroom and bar. Other features include a game area with billiards, shuffleboard and arcade gaming, lounge, poker room, fitness center, resident movie …

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Modera Nations in Nashville, Tennessee
DevelopmentNewsSoutheastTennessee

Mill Creek Underway on 396-Unit Community in Nashville, Tennessee

by Channing Hamilton

NASHVILLE, TENN. — Mill Creek Residential is constructing Modera Nations, a 396-unit project in The Nations neighborhood along the Cumberland River in Nashville. Situated at 1650 54th Ave. N, Modera Nations will be located about three miles west of the city’s downtown area. Mill Creek broke ground on the project in December 2023, with the first move-ins slated for fall 2025. Modera Nations will feature studio, one-, two- and three-bedroom apartments. Each unit will include a patio or balcony, as well as technology features such as smart thermostats, key fob …

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Elmonica Station in Beaverton, Oregon
Affordable HousingDevelopmentNewsOregonWestern

Developers Break Ground on Affordable Elmonica Station Project in Metro Portland

by Channing Hamilton

BEAVERTON, ORE. — REACH Community Development and Mercy Housing Northwest have broken ground on Elmonica Station, a $51.8 million affordable housing project in Beaverton, eight miles west of Portland. The community will consist of 81 units for households earning at or below 60 percent of the area median income (AMI) or 30 percent AMI. Elmonica Station will feature a mix of studio, one-, two-, and three-bedroom apartments. Planned amenities include community rooms, outdoor play and gardening spaces, laundry rooms on all residential floors and a food pantry. The project is located at the …

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RMK Management Corp. is now the property manager of The Raven Residences in Chicago’s Ravenswood neighborhood, on the north side of the city.
Company NewsIllinoisMidwestNews

RMK Management Corp. Named Property Manager for The Raven Residences in Chicago

by Lynn Peisner

CHICAGO — RMK Management Corp. has been named property manager for The Raven Residences, a transit-oriented rental community at 4733 N. Wolcott Ave. in Chicago’s Ravenswood neighborhood. Adjacent to the Ravenswood Metra station and walkable to the CTA’s Damen Brown Line stop, the property features 167 apartments and townhomes across two four-story brick buildings. The Raven was developed by Harlem Irving Cos. in 2023 and is currently 93 percent leased. Rents at The Raven start at $1,777 per month.

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LOCAL on Delmar in University City, Missouri
DevelopmentMidwestMissouriNews

Subtext Breaks Ground on 259-Unit Project in University City, Missouri

by Channing Hamilton

UNIVERSITY CITY, MO. — Subtext has begun development of LOCAL on Delmar, a 259-unit project in University City, roughly 10 miles west of St. Louis, Missouri. The development site is located at 6650 Delmar Blvd., about one mile from Washington University. The 398,225-square-foot building will feature a mix of studio, one-, two- and three-bedroom apartments and townhomes. The property will also include a five-story parking garage with 399 parking spaces, as well as approximately 7,100 square feet of street-level retail space. Amenities will include a clubroom, vinyl listening station, work-from-home …

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Company NewsFloridaNewsPeople NewsSoutheast

Eagle Property Capital Adds Barry Chase as Partner, Managing Principal

by Channing Hamilton

MIAMI — Barry Chase has joined Eagle Property Capital (EPC), a Miami-based investment manager specializing in workforce housing, as a partner and managing principal. In this role, Chase will be responsible for co-leading EPC’s strategy and execution, as well as enhancing investment policies and procedures and contributing to new product offerings. Prior to joining EPC, Chase was one of the founders and served as the CEO and executive chairman of Belay Investment Group. Additionally, he has held senior executive positions at Koll Development, Cushman Realty Corp. and CT Realty. Since …

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Investment SalesNewsTexas

Atlantic Multifamily Sells 192-Unit Destino Apartments in Grand Prairie, Texas

by Channing Hamilton

GRAND PRAIRIE, TEXAS — Atlantic Multifamily has sold The Destino, a 192-unit community located in Grand Prairie, roughly midway between Dallas and Fort Worth. The Destino was constructed on an 11-acre site in the 2000s. The community consists of 18 buildings and offers one-, two- and three-bedroom floor plans. Amenities include a pool, outdoor kitchen, playground and a dog park. Al Silva and Ford Braly of Marcus & Millichap represented the seller and procured the buyer, a New York-based private investment company, in the deal.

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