WOOD PARTNERS ANNOUNCES NEW DEVELOPMENT IN SANTA ANA

SANTA ANA, Calif.–(BUSINESS WIRE)–Wood Partners, one of the nation’s leading real estate developers, announced plans today for a new, 182-unit project in Santa Ana, California. Located within the Main Place neighborhood in North Santa Ana, the site for development is in a unique pedestrian-friendly area close to retail and entertainment venues, as well as area hospitals.

“With an emphasis on creating distinct common and gathering areas, creating a backdrop for culture and community will be key to this project”

“We are excited by this opportunity to build in Santa Ana,” said Wood Partners’ Director of the Western Region, Brian Hansen. “With a large number of young professionals and families in the area, we look forward to creating another innovative, modern and walkable community for residents to call home.”

The development will be built around three courtyards, each featuring an original feel, including a resort-themed pool, an entertainment and gaming courtyard and a relaxing garden. Units will offer an array of luxury amenities including hardwood floors, stainless steel appliances, balconies and finishes often found in high-end condominiums. A variety of community spaces will also be included in the designs, ranging from a fitness center and social lounge to productive and flexible work and study spaces with high-speed Internet and media conferencing capabilities.

“With an emphasis on creating distinct common and gathering areas, creating a backdrop for culture and community will be key to this project,” said Will Winkenhofer, Vice President of Development for Southern California, Wood Partners. “We want this project to reflect the vibrancy and energy of Orange County, and we are truly excited to see our vision come to life over the next two years.”

Groundbreaking occurred mid-September 2015, with occupancy expected in summer 2017.

 

WOOD PARTNERS SELLS DIMENSION SEATTLE FOR $144 MILLION

Seattle, WA (September 22, 2015) – Wood Partners announced the sale of its high-rise apartment building in downtown Seattle, Dimension, earlier today. The 27-story, 298 unit, luxury property went on the market on in June of this year and sold to Heitman Real Estate Investment Management.

“Dimension is another example of an integrated business model that Wood Partners has successfully employed to create a unique and beautiful asset,” said Brian Hansen, Western Region Development Director for Wood Partners. “Connecting residents to the true Seattle culture and creating a backdrop to foster culture was a main focus of this development and its success within the community is a testament to those efforts.”

Dimension is located on the corner of Cedar and 3rd in Seattle’s popular Belltown neighborhood and was designed by Hewitt Architects of Seattle. The building is comprised of European-style studio, one- and two-bedroom apartments and is in close proximity to conveniences, transit, nightlife and major technology employers Amazon.com and Microsoft.

“Through an extensive research process involving marketing, design and operations, our team worked in a powerfully collaboratively environment while developing Dimension to ultimately produce an exceptional building,” said Steve Yoon, Wood Partners’ Development Director for the Pacific Northwest. “A highly thoughtful design process resulted in modern units and amenities that clearly matched the desires of our target demographic.”

Dimension also featured The Ground Floor Project – a design and programming concept located on the first floor of the building – which was created to provide a functional backdrop for cultural activities featuring local musicians, artists, and Dimension’s residents. This concept debuted at Wood Partners’ project in downtown Los Angeles, and is planned to be featured at other projects in the coming months, as well.

For more information about Dimension, visit DimensionSeattle.com.

About Wood Partners

Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. It ranks consistently among the top five multifamily developers in the country. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the acquisition and development of more than 53,000 homes with a combined value of more than $8.3 billion nationwide. The company currently owns more than 75 properties with a combined total of 21,000+ units. Wood Partners has offices in 18 major markets nationwide including Atlanta, Austin, Baltimore, Delray Beach/South Florida, Boston, Charlotte, Chicago, Dallas, Denver, Houston, New York, Southern California, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn more about Wood Partners, please visit our website, WoodPartners.com.

WOOD PARTNERS WELCOMES RESIDENTS TO ALTA BELMONT, NEW MIXED-USE DEVELOPMENT IN SMYRNA

SMYRNA, Ga. – September 10, 2015 – The first residents have begun moving into Alta Belmont, a new 274-unit luxury apartment community by Atlanta-based Wood Partners that offers the only residential rental option within Belmont, a 48-acre mixed-use development by Halpern Enterprises in Smyrna.

Wood Residential Services, Wood Partners’ property management division, is managing the property, which is actively leasing and expected to be complete by December.

“We anticipate that availability will remain low in this community because of its appeal and prime location,” said Bennett Sands, Wood Partners director for Atlanta. “Belmont is Smyrna’s first Central Living Community, featuring both multifamily and single-family homes, as well as shopping, dining and entertainment options. It’s the ideal location for people who want to be near it all and have easy access to neighboring communities.”

Twenty minutes from the airport and two miles from the new Braves’ stadium currently under construction, Alta Belmont is only 10 miles from downtown Atlanta with its robust employment and cultural opportunities. This dynamic development at the intersection of Windy Hill and Atlanta Road includes The Shops at Belmont, a 47,593-square-foot neighborhood retail center, and is steps away from the brand new Smyrna Elementary School and the Smyrna Community Center with its indoor sports courts, track, fitness area and game room.

The luxury apartments at Alta Belmont feature distinctive floor plans, high-end amenities and exclusive access to community conveniences like a salt water aqua lounge with a beach-entry sun deck, grilling station, resident lounge and fitness club with space for yoga, spin classes and meditation.

A smoke-free community, Alta Belmont also incorporates environmentally friendly features including ENERGY STAR®-rated appliances, double-pane windows and programmable thermostats.

Residents can choose from studios or one-, two- and three-bedroom apartment homes with distinctive floor plan options that include a two-bedroom carriage home with an attached garage. Interior features include granite countertops, stainless steel appliances, tile backsplashes and hardwood plank-style flooring.

Through the Alta Advantage Program, Alta Belmont residents also will enjoy preferred status and receive exclusive discounts and services from neighboring businesses, retailers and restaurants.

This project is Wood Partners’ 22nd multifamily community in Georgia, where the Atlanta-based national multifamily investment firm has added more than 6,500 units to the state’s housing stock.

Additional information is available at www.altabelmont.com.

About Wood Partners
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. It ranks consistently among the top five multifamily developers in the country. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the acquisition and development of more than 53,000 homes with a combined value of more than $8.3 billion nationwide. The company currently owns more than 75 properties with a combined total of 21,000+ units. Wood Partners has offices in 18 major markets nationwide including Atlanta, Austin, Baltimore, Delray Beach/South Florida, Boston, Charlotte, Chicago, Dallas, Denver, Houston, New York, Southern California, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn more about Wood Partners, please visit our website, www.woodpartners.com
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Wood Partners Breaks Ground on Alta Fillmore, A 230-Unit Community in Downtown Phoenix

PHOENIX – August 31, 2015 – Wood Partners, LLC has broken ground on Alta Fillmore, a 4.1-acre multifamily community located on Fillmore Street in the heart of downtown Phoenix that will offer 230 units with superior amenities and high-end finishes in the middle of an incredible array of walkable amenities and employment opportunities. Leasing is expected to begin in the third quarter of 2016, and Wood Partners expects the project to be completed by the first quarter of 2017.

“Alta Fillmore will offer residents a unique value proposition that includes excellent walkability and bike-ability to the unique amenities found in downtown Phoenix,” said Todd Taylor, Wood Partners’ development director for Arizona and Nevada. “Additionally, residents will enjoy cutting-edge amenities and unit finishes at an attractive price point.”

The community, designed by Biltform to appeal to the 80,000 professionals who work in downtown Phoenix, will offer apartments at more attainable rates than other rentals in the area. It will consist of two four-story buildings offering one-, two- and three-bedroom units ranging from 671 to 1,525 square feet with granite countertops, stainless steel appliances, vinyl plank flooring and many locally sourced materials. Alta Fillmore will include a clubroom and bar area, fitness center, resort-style pool and 337 parking spaces.

Wood Partners Construction Services is the general contractor. Wood Residential Services, Wood Partners’ property management division, will manage the property.

This project is Wood Partners’ 10th multifamily community in the Phoenix metro area, where the national multifamily investment firm has added more than 2,900 units to the area’s housing stock.

According to the National Association of Home Builders’ formula to determine the local impact of adding rental housing in typical metro areas, adding 230 rental apartments will generate $37.4 million in local income, $7 million in taxes and other revenue for local governments and 141 local jobs.

About Wood Partners
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. It ranks consistently among the top five multifamily developers in the country. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the acquisition and development of more than 53,000 homes with a combined value of more than $8.3 billion nationwide. The company currently owns more than 75 properties with a combined total of 21,000+ units. Wood Partners has offices in 18 major markets nationwide including Atlanta, Austin, Baltimore, Delray Beach/South Florida, Boston, Charlotte, Chicago, Dallas, Denver, Houston, New York, Southern California, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn more about Wood Partners, please visit our website, www.woodpartners.com and follow our social media accounts, Twitter, Facebook, LinkedIn and Apartment Life Blog.
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