Month: June 2022

LEANDER, Texas, June 15, 2022 /PRNewswire/ — Leading national multifamily real estate developer Wood Partners today announced the official grand opening of its newest luxury residential development, Alta Leander Station, located just north of Austin in Leander, Texas.

Situated at 348 Main Street, the new community provides a prime North Austin location for residents looking to take advantage of all the eclectic city has to offer, from best-in-class shopping and entertainment to renowned dining and nightlife options. Located just off Highway 183, Alta Leander Station also provides quick access to nearby residential communities like Round Rock and Cedar Park, as well as downtown Austin via the CapMetro station adjacent to the community, which offers a direct route to downtown.

“We are thrilled to welcome residents to Wood Partners’ newest community—Alta Leander Station—as we continue to see unprecedented amounts of growth and development taking place in North Austin ,” said Bart Barrett, Managing Director. “Alta Leander Station’s location provides the perfect balance of work and play opportunities and enables residents to enjoy all that Austin has to offer.”

Offering 276 apartment homes consisting of studio, one-, two- and three-bedroom floor plans, Alta Leander Station raises the bar for comfort and sophistication with luxurious finishes and thoughtful interior details. Each home boasts an airy, open concept layout with luxurious kitchens complete with stainless steel Whirlpool appliances, custom 42″ cabinets, granite countertops, and designer tile backsplashes. Custom plank flooring is featured throughout, providing an added touch of warmth, while full-size in-home washer and dryer sets further boost the convenience factor.

Just outside their doors, residents of Alta Leander Station will also enjoy the community’s outstanding amenities, including a resort-style swimming pool with an expansive sundeck, an outdoor kitchen and grilling areas, and an on-site pet play area. Inside the community clubhouse, residents have access to a 24/7 high-end fitness center complete with Precor equipment and technology, co-working offices, and multiple lively entertainment spaces. In addition, a nature trail adjacent to the community provides the perfect place to take a stroll in the great Texas outdoors.

As growth within the Austin area continues to boom, residents have an ideal location close to several new attractions including Northline, Leander’s new 116-acre downtown district. Situated just north of the community, this in-progress development area will soon offer additional shopping, dining, and office options. In addition, Apple is finalizing development of its new 3 million square foot campus, which is set to house more than 5,000 employees when it opens later this year.

Alta Leander Station is managed by Wood Residential. Visit https://altaleanderstation.com for more information.

Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 90,000 multifamily homes with a combined capitalization of $17.5 billion. The company currently owns 70 properties across the United States representing more than 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates Wood Residential, an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For two years running, Wood Residential has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

Contact:  
Nick Fischer 
nick.fischer@bcw-global.com

CUMMING, Ga., June 8, 2022 /PRNewswire/ — Leading national multifamily real estate developer Wood Partners today announced the groundbreaking of its latest high-end residential community—Alta North—less than an hour from downtown Atlanta in Cumming, Georgia. The new community will be developed as a joint venture with CP Capital US, a highly disciplined U.S. real estate manager specializing in multifamily investments. It is scheduled to open in late 2023 with pre-leasing officially starting in Fall 2023.

Situated at the intersection of GA 400 and Settingdown Circle in Forsyth County, Alta North will provide future residents with an array of nearby dining and retail options, as well as access to Atlanta’s city center less than an hour away. The forthcoming community will be part of a larger planned development, which will bring more than 15,000 sq. ft. of commercial space and a new public road connecting the adjacent residential development to the north to Settingdown Circle.

“Atlanta has been one of the country’s best performing rental markets since the onset of the pandemic, due to the region’s strong economic growth and in-migration,” said Kristi Nootens, Vice President of Investments at CP Capital US. “We are excited to continue our long-standing partnership with Wood Partners to deliver a top-tier multifamily project in the booming market of Forsyth County.”

Once complete, Alta North will feature 310 one- and two-bedroom apartment homes across a combination of 3-story and 3/4 split buildings. Boasting luxurious, modern finishes, each of Alta North’s apartment homes will come outfitted with rich wood-style plank flooring, top-of-the-line stainless steel appliances including microwave hoods, undermounted single bowl sinks, and designer tile backsplashes to offer residents a relaxing and welcoming place to call home. Additional high-end features include full-sized in-home washer and dryers and beautiful granite countertops in both the kitchen and bathrooms.

Outside of their homes, residents will be able to take advantage of Alta North’s best-in-class community amenities, including a resort-style swimming pool with a tanning ledge, multiple grilling stations and fire pits throughout the property, and an on-site pet park and pet spa. Within the community clubhouse, residents will also have access to a 24/7 state-of-the-art fitness center, lounge and social gathering areas, and rentable office spaces for co-working.

“Wood Partners is thrilled to continue its expansion within the Metro Atlanta market with the groundbreaking of our newest community—Alta North,” said Bennett Sands, Managing Director. “Alta North presents a prime opportunity for Wood Partners to capitalize on the on-going growth across Georgia, and we look forward to continuing to play a positive role in the area’s development by delivering Wood Partners’ signature mix of comfort and luxury to future residents.”

Wood Partners has partnered with CP Capital, formerly known as HQ Capital Real Estate, on 22 development projects in the past, most recently Alta 99th in Phoenix, Arizona.

About Wood Partners
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 90,000 multifamily homes with a combined capitalization of $17.5 billion. The company currently owns 70 properties across the United States representing more than 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates Wood Residential, an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For two years running, Wood Residential has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

About CP Capital US
CP Capital, formerly known as HQ Capital Real Estate, is a highly disciplined U.S. real estate investment manager focused on the multifamily sector. Founded in 1989, the firm has invested in more than $15 billion of U.S. real estate through sponsored funds and separate accounts on behalf of global institutions, family offices and ultra-high net worth individuals. These investments total more than 70,000 residential units and 21 million square feet of commercial space. In-house capabilities of CP Capital also include asset and construction management, capital markets, legal, reporting, and tax structuring expertise. Through its consistent participation in the market over the past three decades, the firm has developed deep relationships across the real estate industry. CP Capital’s primary investment strategy focuses on opportunistic and value-add rental apartment investments with best-in-class joint venture partners in growth markets throughout the U.S., which has resulted in a strong track record of more than 230 realized multifamily fund investments as of March  31, 2022. Visit cpcapitalus.com for more information.

Contact: Nick Fischer, nick.fischer@bcw-global.com