Author: Baylee Snead

UNIVERSITY PLACE, Wash., Nov. 29, 2023 /PRNewswire/ — Leading national multifamily real estate developer, Wood Partners, today announced the official grand opening of its newest luxury residential community, Alta University Place. The upscale community is nestled in University Place, an upscale suburb situated near Tacoma, Washington, and is Wood Partners’ third development to debut in the Seattle–Tacoma market.

Centrally located in a sought-after community between the Puget Sound and the I-5 corridor, Alta University Place provides residents with walkable local conveniences and easy access to regional transit options, including direct routes to nearby Tacoma and Seattle. Spanning over eight acres, this urban village community provides a wealth of on-property amenities and convenient access to nearby dining and shopping venues. Additionally, it offers proximity to numerous parks and recreational opportunities along the Puget Sound waterfront, including the renowned Chambers Bay golf course. The property’s prime location also provides residents with direct connectivity to key employers, contributing to the region’s status as one of the nation’s leading growth markets.

“We are thrilled to welcome residents to Alta University Place, as we extend our presence in the Pacific Northwest region,” said Dave Knight, Director at Wood Partners. “Being Wood Partners’ third development in the Seattle–Tacoma area, it gives me great pleasure to introduce Alta University Place. This modern suburban development exemplifies our commitment to building a variety of quality housing options that create community and improve people’s lives through uncompromised design, construction, and management of outstanding properties.”

Alta University Place offers 274 apartment homes, providing a mix of studio, one-, two- and three-bedroom floor plans, with an average area of 893 square feet, for residents to choose from. With contemporary design features, every apartment is thoughtfully equipped with top-tier finishes to create a warm welcome for residents. These finishes include elegant quartz countertops, stainless steel appliances, wood-style plank flooring, in-unit washer and dryer sets, air conditioning, and various other attractive touches.

Throughout the community, residents have access to an abundance of premium amenities, including a clubroom, fitness center, resort-style pool, outdoor grilling areas, and a spacious off-leash pet park.

Alta University Place is managed by Wood Partners. Visit www.altauniversityplace.com for more information.

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 95,000 multifamily homes with a combined capitalization of $20 billion. The company currently owns 80+ properties across the United States representing more than 25,000 units, as well as providing property management for an additional 55 third-party assets representing 14,000 units. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For four 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.

MARLBOROUGH, Mass., Nov. 14, 2023 /PRNewswire/ — National multifamily real estate development leader Wood Partners has officially announced the start of construction on Alta French Hill, the company’s latest upscale residential community, located in Marlborough, Massachusetts. Pre-leasing opportunities are set to commence in 2024, and the community is scheduled to welcome residents in February 2025.

Situated at 303 Lincoln Street and neighboring the Assabet River Rail Trail, Alta French Hill will provide residents with convenient access to Route 20 and I-495, allowing for easy travel throughout all parts of the city and the 495 corridor. The property’s prime location will also offer seamless access to a variety of everyday conveniences, such as Hannaford Supermarket, Starbucks, Dunkin Donuts, Walgreens, Planet Fitness, and Marlborough’s favorite shopping and dining destination, Solomon Pond Mall, featuring numerous stores and restaurants, and the Apex Entertainment Center, which offers 80,000 square feet of game and entertainment space. Additionally, residents of Alta French Hill will find themselves within walking distance to a diverse range of retail, dining, and entertainment options.

“Massachusetts has a housing shortage and we need new housing of all types,” said Ed Augustus, secretary of the Executive Office of Housing and Livable Communities. “The 276 apartment homes in this collaborative enterprise by Wood Partners, Marcus Partners and the city of Marlborough will provide a much-needed boost to housing in a key area of the city. The inclusion of 28 affordable units and use of a variety of sustainable and green technologies also exemplify a smarter way to build, while at the same time helping Marlborough comply with the MBTA Communities Law.”

Alta French Hill’s strategic location guarantees residents convenient proximity to a plethora of prominent employers in the vicinity. With easy access to major companies such as Quest Diagnostics, G.E. Healthcare, Raytheon, Boston Scientific, TJX Companies, Hologic, Sunovion, and more, residents will find themselves well-connected to the thriving employment landscape of the region.

“Backed by construction lender Eastern Bank and equity partner Marcus Partners, Alta French Hill represents a key milestone in our commitment to providing new and exciting housing options in Boston’s MetroWest. Following successes like Alta Union House in Downtown Framingham and Alta Oxbow in Wayland, this project strategically fills a crucial gap in Marlborough,” says Jim Lambert, Managing Director and Partner for Wood Partners. “Offering upscale housing within walking distance to Downtown sets us apart from previous commuter-centric developments along I-495, reflecting our dedication to enhancing the residential landscape in MetroWest.”

“This project reflects our commitment to partner with local communities and the Commonwealth to create critically needed housing,” said Levi Reilly, Principal and Head of Development for Marcus Partners. “At the same time, we appreciate the opportunity to do so in a meaningful way, using new technology to advance sustainability goals.”

Once construction is complete, Alta French Hill will offer 276 apartment homes, encompassing a diverse range of custom-designed floor plans, including one-bedroom, one-bedroom with den, two-bedroom, and three-bedroom apartments. Each residence will display an array of attractive features and materials, such as modern stainless-steel appliances, kitchen countertops crafted from quartz, complete in-unit washer and dryer sets, and wood-style flooring in both the kitchen and living room areas.

Community residents can also enjoy a range of shared amenities, including a state-of-the-art fitness center, resident lounges, a tech lounge, and two beautifully landscaped courtyards with a swimming pool, games, grilling areas, and a dog park. Complementing these features, the property showcases nearly 10,000 square feet of retail space, inclusive of dedicated work-from-home offices. Looking ahead, Wood Partners intends to develop a 22-space surface parking lot and amenity building — both to be owned and operated by the City and accessible for public use.

About Marcus Partners
Marcus Partners is a vertically integrated real estate firm with a strong history of successful investment, management and development. The firm is headquartered in Boston, with regional offices in Metro New York and the Mid-Atlantic. The firm focuses on strategic and opportunistic investment strategies across industrial, multifamily, life science, and other property types where it can create value and maximize risk-adjusted returns. Marcus Partners and its affiliates own, control, operate or are developing 7M+ square feet of real estate and 1,700+ multifamily units. For more information, please visit www.marcuspartners.com

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 95,000 multifamily homes with a combined capitalization of $20 billion. The company currently owns 80+ properties across the United States representing more than 25,000 units, as well as providing property management for an additional 55 third-party assets representing 14,000 units. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For four years running, Wood Partners has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

Wood Partners, a national leader in multifamily real estate development, in partnership with PGIM Real Estate, today announced the grand opening of their latest residential community, Alta Town Center, located in Raleigh, North Carolina.

Located in Northeast Raleigh at 6501 Town Center Drive, Alta Town Center is situated in one of the Triangle’s fastest growing areas. With quick access to both I-540 and Capital Boulevard, residents will benefit from excellent connectivity throughout the Triangle. In addition, the community is located within minutes of an abundance of retail options.

“We are thrilled to see Alta Town Center come to life as we welcome residents to our new extraordinary property in Raleigh,” said Caitlin Shelby, Managing Director for Wood Partners. “We are confident that Alta Town Center will provide an exceptional living experience by combining high-quality amenities, comfortable homes, and a convenient location. We look forward to seeing residents thrive and create lasting memories here.”

Alta Town Center offers 336 apartment homes comprised of one-, two- and three-bedroom floor plans. Homes will feature stainless-steel appliances, granite countertops, tile backsplashes, in-unit washer and dryer sets, large walk-in closets, and sizeable balconies.

Alta Town Center also offers a wide range of attractive amenities, including a resort-style pool with poolside cabanas, outdoor grilling and lounge areas, outdoor fitness equipment, and an on-site pet park and pet spa. Inside the community club house, residents will enjoy a state-of-the-art fitness center, coworking spaces, and areas to mingle, such as the hospitality bar and game room.

PGIM Real Estate invested in Alta Town Center through Impact Value Partners (IVP), its private equity impact fund that invests in affordable housing and transformative development in the U.S.

For more information, please visit https://www.altatowncenter.com/.

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 95,000 multifamily homes with a combined capitalization of $20 billion. The company currently owns 80+ properties across the United States representing more than 25,000 units, as well as providing property management for an additional 55 third-party assets representing 14,000 units. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For four years running, Wood Partners has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

Contact: Donya Mansoorian, bcwwoodpartners@bcw-global.com

About PGIM Real Estate

As one of the largest real estate managers in the world with $206.8 billion in gross assets under management and administration,¹ PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. PGIM Real Estate is a business of PGIM, the $1.4 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU).

PGIM Real Estate’s rigorous risk management, seamless execution, and extensive industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing,² and the deep local expertise of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. For more information visit pgimrealestate.com.

¹ As of June 30, 2022, net AUM is $136.3 billion and AUA is $45.6 billion.
² Includes legacy lending through PGIM’s parent company, PFI.

SOURCE Wood Partners

Partners and Friends:

2022 was another outstanding year for Wood Partners. While a previously robust capital markets environment started softening in the second quarter, we were still able to produce extremely strong results in 2022.  I am proud to see our team continue to execute at a high level. Turning to the new year, we are encouraged to see early signs of cost inflation abating as well as continued solid operating performance across our operating assets. However, more cautious and choppy capital markets will limit new development pipeline opportunities in 2023 (relative to 2022). As always, we will be prudent with our predevelopment investment and, though this year will be slower than last, we are excited about the projects currently in our pipeline. In 2023, we expect our project start volume will be consistent with our long-term annual average over the past 10+ years. This ability to execute through the cycle is a testament to the depth and breadth of our capital relationships that put their trust in the Wood Partners organization.  Thank you.

Wood’s financial position is as strong as ever. The average loan-to-cost of our portfolio is 56% (<55% for 2022 starts), we do not have any land loans on our balance sheet, and debt maturities are limited to seven loans through 2024 (including only one outstanding loan maturity in 2023).  Following a year of record new development starts, our working capital level is elevated and will further serve to mitigate any market choppiness during the next 12 to 24 months. Some highlights from 2022 include:

• Starting 32 new development projects comprising more than 10,000 multifamily homes and nearly $3Bn total capitalization.
• Selling 17 properties representing nearly $1.7Bn total value.
• Ending the year with more than 50 projects under construction.
• Growing our property management portfolio by nearly 40% to 23,000 homes, primarily through growth in our third-party relationships.

Our property management platform continues to excel. In addition to the focus we place on the Wood Partners’ lease-up portfolio, we are thrilled to now manage more than 12,000 multifamily homes for valued third-party clients. The expansion of our third-party management portfolio allows us to continue to invest in our property management team to ensure our teams and properties perform at the top of the market. Our growing portfolio also provides additional opportunities for Wood Partners’ associates to continue to develop within our organization.

The COVID-19 epidemic disrupted temporarily our growing relationship with Habitat for Humanity, but we are pleased and proud that Wood Partners’ associates around the country participated in nine builds in the past 12 months. Our associates have enjoyed swinging hammers alongside colleagues from construction job sites, operating communities, and corporate offices while giving back to the communities that have been so good to us. We look forward to continuing to grow this relationship in 2023 and beyond.

As we look forward to 2023, it is clear that capital markets will be more challenging. We appreciate the challenges this current outlook brings and although no company is immune to these headwinds, Wood Partners’ track record, strong culture, and financial discipline allows us not only to endure but to prosper in this type of environment. Multifamily has proven its resilience as an asset class through the Great Financial Crisis and COVID epidemic, and we believe that the industry will continue to outperform. As we enter 2023, we will continue to balance our careful approach to risk management with the entrepreneurial mindset necessary to identify opportunities we believe will provide compelling risk-adjusted returns. During times of capital market stress, we usually see a “flight to quality” as our capital partners choose their operating partners more carefully.  We welcome this flight-to-quality mentality and we look forward to partnering with you in 2023

DALLAS (October 10, 2023) – Leading national multifamily real estate developer Wood Partners today announced the grand opening of its newest high-end residential community, Alta at The Farm, situated in the Dallas region.

Alta at The Farm is located in the heart of The Farm, a 135-acre mixed-use development in the prominent Dallas suburb of Allen, and adjacent to The HUB, a multifaceted outdoor entertainment and retail venue. Alta at The Farm is also within walking distance of The Farm’s Central District, which includes High 5 Entertainment and Chicken and Pickle, both of which will start construction this month. With FarmWorks One, a 102,000-sqaure-foot Class A office building, also under construction just two blocks away, The Farm will include a dynamic blend of office spaces, retail boutiques, entertainment venues, and residential offerings. Some standout features of The Farm include a sprawling 16-acre greenbelt and expansive open spaces that stretch the entire length of the development, a picturesque 2.5-acre lake and a diverse selection of dining options, multiple inviting pocket parks, and a 2.5-mile network of versatile multi-use trails seamlessly connecting to the broader Allen trail system.

“We’re thrilled to expand our presence in the Dallas/Fort Worth region and extend a warm welcome to residents at Alta at The Farm,” said Ryan Miller, Managing Director at Wood Partners. “With nearby parks, hiking and biking trails, a serene lake, and an array of shopping and dining opportunities, residents at Alta at The Farm will have the privilege of enjoying the ultimate live-work-play lifestyle.”

“From the beginning, we designed The Farm in Allen to be a premier place to live, work, and play. Serving Allen and the surrounding areas, the grand opening of Alta at The Farm officially takes us another step closer to fulfilling that vision,” said Bruce Heller, President of JaRyCo and Developer of The Farm. “It has been a pleasure working with Woods Partners to bring this high quality urban residential project to The Farm.”

Alta at The Farm offers 325 apartment homes offering residents a range of choices among studio, one-bedroom, and two-bedroom floorplan layouts. Each apartment comes equipped with premium finishes, including luxurious kitchens featuring granite countertops, stainless steel appliances, high-end fixtures, and chic tile backsplashes. Furthermore, these homes will include state-of-the-art technology, keyless entry systems, wood plank flooring, and the added convenience of in-home washer and dryer sets.

Throughout the community, residents have access to an impressive array of amenities you won’t find in other Allen apartments in Texas, including a resort-style pool with tanning ledges, a second courtyard with grilling areas and fire pits, a community clubhouse featuring a state-of-the-art fitness facility, private fitness micro-studios, and a Sky Lounge deck overlooking West Lake Park and The HUB. Additionally, residents also have access to remote working areas, social gathering spaces, and enhanced Wi-Fi throughout the common areas.

Alta at The Farm is managed by Wood Partners. Visit www.altaatthefarm.com for more information.

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 95,000 multifamily homes with a combined capitalization of $20 billion. The company currently owns 80+ properties across the United States representing more than 25,000 units, as well as providing property management for an additional 55 third-party assets representing 14,000 units. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For four 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: Donya Mansoorian, bcwwoodpartners@bcw-global.com

About JaRyCo

JaRyCo Development LLC was created in 2001 by Bruce R. Heller, who saw an opportunity to pursue development in a manner not common within the industry. With more than 42 years of experience in the design, construction and development of major real estate projects, Heller leads JaRyCo to focus on finding development opportunities which truly make sense from a long-term business perspective, both from an investment standpoint and most importantly from the end user standpoint. Since its founding, JaRyCo has completed a variety of project types including: office buildings, corporate headquarters, medical office buildings, specialty hospitals, office flex, hotels and land development. Mr. Heller has been responsible for the development of nearly 4 million square feet of real estate with a total development cost of well over half a billion dollars. For more information, visit jaryco.com.

FALLS CHURCH, Va., /PRNewswire/ — National multifamily real estate development leader Wood Partners has officially announced construction is underway on Alta Nova, the company’s latest luxury residential community, located in Falls Church, Virginia. Pre-leasing for the property is anticipated to begin in 2024, with initial units becoming available in early 2025.

Situated at 5851 Columbia Pike, Alta Nova presents an ideal living environment for young professionals and families seeking to immerse themselves in the allure of the Washington, D.C. metropolitan area. Nestled in the heart of Northern Virginia within the Capital Beltway (I-495), Alta Nova will offer convenient access to prominent employment centers, such as the Pentagon, Amazon HQ2, Tysons, RB Corridor, and Washington, D.C.

Residents of Alta Nova will have direct access to a diverse selection of retail, dining, and entertainment options just moments from the community, including MusicBox Karaoke Lounge, Cyber Raccoon Escape Room Fairfax DC, World Market, and a conveniently located Trader Joe’s right across the street. Residents can also enjoy the craft brews of Audacious Aleworks Brewery or unwind at Martini Lounge, Meridian Pint, or Dogwood Tavern. With this diverse range of options, there’s a delightful experience to suit every taste and preference.

Apart from the local attractions in Falls Church, residents will discover an abundance of nearby recreational and outdoor opportunities to explore, including Berman Park, Big Chimneys Park, Crossman Park, and the W&OD Trail.

“With construction currently underway, we eagerly anticipate extending a warm welcome to future residents of Alta Nova in Falls Church, Virginia,” said Ben Lazarus, Managing Director at Wood Partners. “Northern Virginia, home to over 2.5 million residents, is the vibrant heart of the Washington, D.C. metro area, and we are excited to contribute to the enriching landscape of this region with our community.”

Once construction is complete, Alta Nova will offer 364 apartment homes, encompassing a diverse range of custom-designed floor plans, including studio, one-bedroom, one-bedroom with den, two-bedroom, three-bedroom apartments, and three-bedroom townhouses. Each residence will display an array of attractive features and materials, such as modern stainless-steel appliances, kitchen countertops crafted from quartz, complete in-unit washer and dryer sets, and wood-style flooring in both the kitchen and living room areas. Within the community, residents also have access to an abundance of communal offerings, including a resort-style pool featuring a sunbathing deck and private cabanas, outdoor entertainment spaces equipped with grilling stations, televisions, and a fireside dining area, a cutting-edge 24/7 fitness center, coworking areas, and a pet spa complete with dog washing stations.

RALEIGH, N.C., Aug. 25, 2023 /PRNewswire/ — Wood Partners—a leading national multifamily real estate developer—this week announced the grand opening of its newest high-end residential community, Alta Vale, located in Raleigh, N.C. The property hosted a grand opening celebration, “Viva la Vale“, this past week for neighbors and residents.

Located at 4710 Mint Leaf Lane, Alta Vale sits just outside the Raleigh Beltline (I-440), with quick access to the Lake Boone medical office corridor, Umstead State Park, and the new Bandwidth headquarters. In addition, residents will benefit from being within minutes of an array of retail and dining options, and having direct, on-site access to Raleigh’s Greenway Trail system.

“Wood Partners is thrilled to announce the grand opening of Alta Vale, an exceptional community that we believe offers a rare combination of great access to major employment hubs within Raleigh, while being surrounded by green space,” said Caitlin Shelby, Managing Director at Wood Partners. “Our motto at Alta Vale is ‘discover how natural city living can be.’ We think residents will enjoy having a quick commute to work or school, while being able to retreat to nature when the day is done.”

Alta Vale offers 306 unique apartment homes consisting of custom-designed studio, one-, two- and three-bedroom floor plans. Each home features high-end fixtures and finishes, including kitchens complete with stainless steel appliances, white quartz countertops, spacious kitchen islands, modern cabinetry, and elegant white subway tile backsplash. Throughout the home, residents will enjoy large walk-in closets, spacious balconies, in-unit washer and dryer sets, and USB outlets.

Across the community, Alta Vale offers a variety of amenities for its residents to enjoy, such as outdoor lounges featuring a resort-style pool and firepits, comfortable seating areas, outdoor kitchen, hammock grove, and pet park and spa. Inside, residents can take advantage of the community’s spacious indoor/outdoor fitness center, co-working spaces, and game room.

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 95,000 multifamily homes with a combined capitalization of $20 billion. The company currently owns 80+ properties across the United States representing more than 25,000 units, as well as providing property management for an additional 55 third-party assets representing 14,000 units. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For four years running, Wood Partners has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

ATLANTA , Aug. 15, 2023 /PRNewswire/ — Wood Partners, a national leader in multifamily real estate management, has once again secured the top spot in the 2023 Division ORA Power Ranking for online reputation. This marks the fourth consecutive year the management company has achieved this remarkable feat, solidifying Wood Partners’ position as a leader in the industry. The company’s outstanding performance within Division II (20,000 to 33,887 units) has earned them the No. 1 ranking among similarly sized organizations across the U.S.

Additionally, for the third consecutive year, Wood Partners has attained the highest overall score across the leading three out of five divisions. These three divisions encompass all companies managing 10,000+ units, highlighting Wood Partners’ consistent excellence in real estate management on a larger scale.

J Turner Research introduced the Division ORA Power Ranking in 2019 to acknowledge companies overseeing more than 2,000 units for their exceptional online reputation management. The ranking evaluates companies by their Online Reputation Assessment (ORA®) Score, which serves as the recognized industry standard for assessing and comparing a property or company’s online reputation within the multifamily sector.

“For apartment residents, nothing matters more than thoughtful service and an exceptional living experience. When companies follow a top-down approach to consistently focus on the resident experience and stay on top of their online reputation, they see repeated success in our ORA Power Rankings. Congratulations to Wood Partners team for ranking number one in our Division Ranking for the fourth consecutive year,” said Joseph Batdorf, President of J Turner Research.

“Customer service and reputation management are paramount in gauging our success at Wood Partners,” said Josh Lloyd, Executive Vice President of Operations for Wood Partners. “As our property portfolio expands, our unwavering commitment remains steadfast in providing unparalleled customer service to our residents, investors, and third-party management clients. We acknowledge the rising importance of online reputation among competitors, making us particularly proud of our teams for surpassing expectations and securing this prestigious recognition from J Turner for the fourth consecutive year.”

Developed by J Turner Research, the ORA Power Ranking is a monthly, independent ranking of apartment properties and management companies based on their ORA scores. The ORA score is an aggregate compilation of a property’s ratings across various review sites and ILSs and serves as a benchmark to compare a company’s properties and portfolios nationally, regionally and against the competition. Each month, J Turner Research monitors the online ratings and reviews of more than 139,000 properties nationwide to inform the rankings published by Multifamily Executive.

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 95,000 multifamily homes with a combined capitalization of $20 billion. The company currently owns 80+ properties across the United States representing more than 25,000 units, as well as providing property management for an additional 55 third-party assets representing 14,000 units. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For four years running, Wood Partners has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

Contact: Donya Mansoorian, BCWWoodPartners@bcw-global.com

About J Turner Research
J Turner Research is an independent research company focused exclusively on the multifamily industry for almost two decades. It is the only company to monitor the online reviews and ratings of 139,000+ properties nationwide. J Turner pioneered the Online Reputation Assessment (ORA^®) score, which serves as the multifamily industry standard to measure, benchmark, and compare a property/company’s online reputation. The company is the national leader in enhancing resident satisfaction through intelligent resident and prospect survey programs, quantifiable action plans, customized training, and review response service. For more information, visit www.jturnerresearch.com.

KATY, Texas , Aug. 2, 2023 /PRNewswire/ — National multifamily real estate development leader Wood Partners today announced the official groundbreaking of its latest residential community, Alta Grandway, located just west of Houston in Katy, Texas. With construction on the project already well underway, Alta Grandway is expected to begin pre-leasing early next year and officially welcome residents home by May 2024.

Positioned at 2110 Grandway Drive, Alta Grandway is nestled in one of the most sought-after residential communities in the Greater Houston region. Conveniently situated adjacent to I-10, the forthcoming property will offer residents direct access to a wide range of nearby retail choices, including Grand Morton Town Center, which is home to leading retailers and restaurants including Kroger, HomeGoods, Petco, Starbucks, Chick-fil-A and more. Residents of Alta Grandway will also benefit from the community’s proximity to many of the city’s top employers, including Texas Medical Center-West Campus (Houston Methodist, Texas Children’s and MD Anderson), Memorial Hermann Katy, Toshiba and Katy ISD, as well as various corporate headquarters, such as Shell Exploration and Production, BP North America, Igloo and Academy Sports + Outdoors. In their down time, there are also several nearby outdoor recreational spaces for future residents to explore and enjoy, including Mary Jo Peckham Park, Katy Park and Mason Creek Hike and Bike Trail.

“We are thrilled to break ground on Alta Grandway,” said Bart Barrett, Managing Director for Wood Partners. “The community’s location offers prospective residents a reasonable cost of living, access to exceptional nearby employment opportunities, and is zoned to the award-winning school district Katy ISD. Wood Partners is excited to continue our growth in the greater Houston market and create remarkable living experiences for our future residents.”

Once complete, Alta Grandway will offer 336 apartment homes across the garden-style community comprised of one-, two- and three-bedroom custom-designed floor plans. Each home will showcase contemporary interior finishes enhanced by high-end fixtures to provide residents with a welcoming, luxurious place to call home. Key interior features include stainless-steel appliance packages, granite countertops, designer tile backsplash, 42″ cabinets and wood-style flooring in the living areas and carpeted bedrooms, as well as full-size in-unit washer and dryer sets for added convenience.

Throughout the Alta Grandway community, residents will be able to take advantage of a diverse range of top-of-the-line amenities, including a resort-style pool and outdoor kitchen, as well as an on-site dog park with an interior dog wash station. Inside, residents will also enjoy the community’s 24/7 state-of-the-art fitness center in addition to a dedicated business center, conference and entertainment spaces and clubroom, which will all feature wireless connectivity, as well as cutting-edge audio/visual technology.

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 95,000 multifamily homes with a combined capitalization of $20 billion. The company currently owns 80+ properties across the United States representing more than 25,000 units, as well as providing property management for an additional 45 third-party assets representing 15,000 units. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For four years running, Wood Partners has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

LAS VEGAS, July 27, 2023 /PRNewswire/ — National multifamily real estate development leader Wood Partners, along with capital partner- Hamburg, Germany-based EuroInvestor, today announced the sale of Alta Southern Highlands. The asset is Wood Partners’ third and most recent luxury residential community located in the Las Vegas market.

Situated in the scenic foothills of the Southern Highlands masterplan and just 10 minutes from the Las Vegas strip, Alta Southern Highlands places residents in close proximity to I-15, granting access to a diverse range of employment prospects, entertainment, dining and retail choices, as well as recreational pursuits. Notable employers in the vicinity include Levi’s, Humana, Prologis, CenturyLink and Universal Health Services. Additionally, Harry Reid International Airport can be reached in less than 15 minutes by car, ensuring convenient travel connections in and out of the city.

“We are thrilled to announce the successful sale of Alta Southern Highlands, which reflects our unwavering commitment to delivering exceptional residential communities in the vibrant Southwest region,” said Todd Taylor, Managing Director for Wood Partners. “This achievement highlights Wood Partners’ dedication to exceeding expectations and creating enduring value for our investors and residents alike.”

Alta Southern Highlands offers 228 units comprised of one-, two- and three-bedroom apartments, with each home featuring custom-designed floor plans complete with premium kitchen finishes and technology packages. Across the resort-style community, residents also have access to an abundance of luxurious shared amenities to take advantage of, including a state-of-the-art fitness center, an expansive pool area, and a clubhouse with double-height ceilings. These community features ensure residents can indulge in a fulfilling lifestyle inside and outside of their apartment homes.

Christian Groth of EuroInvestor reflected on the project and sale. “We are very happy to have joined Wood Partners in this transaction,” said “This deal checked all the boxes for us. It has a great location and investment logic and has been executed by an experienced professional development partner. We are impressed by the outcome, which is a confirmation of the initial thorough due diligence of the project.”

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 nearly 90,000 conventional multifamily homes with a combined capitalization of $17.3 billion. The company currently owns more than 70 properties across the United States representing over 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 three 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: Donya Mansoorian, bcwwoodpartners@bcw-global.com

About EuroInvestor
EuroInvestor is a Hamburg, Germany-based Real Estate Investment Management Firm that identifies and manages US Investment Opportunities for European Investors. Over the past 25 years, the EuroInvestor Group has invested $1.7 billion in real estate. Since 2014, EuroInvestor has started 16 projects with Wood Partners, establishing a track record of excellent returns with 11 highly successful projects sold and the balance in process and seasoning.

CHARLOTTE, N.C., July 27, 2023 /PRNewswire/ — Leading national multifamily real estate developer Wood Partners today announced the grand opening of its newest luxury residential community — Alta West Morehead, located in Uptown Charlotte, North Carolina. Alta West Morehead will hold a Havana Nights-themed grand opening celebration for the new property today.

Alta West Morehead is the culmination of a joint venture announced in September 2021between Wood Partners and GTIS Partners (“GTIS”), a global real estate investment firm managing $4.3 billion in gross assets with a U.S. focus on residential and industrial/logistics investments.

Located at 2020 W Morehead Street in Charlotte’s FreeMoreWest neighborhood, Alta West Morehead puts residents within minutes of the popular retail, dining and entertainment establishments that Charlottehas to offer. Several local craft breweries are within walking distance of the community, along with the new Salt + Vinegar development, which offers over 73,000 square feet of retail stores, restaurants and office space.

“Alta West Morehead is our second development in the FreeMoreWest submarket of Charlotte, and we are so excited to welcome a fresh crop of residents to their new home,” said Carter Siegel, Managing Director at Wood Partners. “This community provides endless options for working, dining and entertainment, allowing our residents to work hard so they can play hard.”

“We’re excited about the grand opening of Alta West Morehead, which underscores our mission of providing high quality rental housing to growing, underserved areas throughout the Sunbelt Region,” said Amit Rind, Managing Director of GTIS.

Alta West Morehead offers 308 apartment homes, providing a mix of studio, one-, two- and three-bedroom floor plans for residents to choose from. Each home features an array of luxurious interior finishes including stainless steel GE appliances, white quartz countertops, frameless rustic wood grain cabinetry, white-tiled kitchens and bathrooms, full-size washer/dryer sets and contemporary regency grey wide-plank flooring throughout. Additionally, there is a controlled access covered parking deck with electric vehicle charging stations and bike storage for added resident convenience.

Throughout the community, Alta West Morehead residents have access to a wide range of best-in-class amenities, including a resort-style pool and outdoor terrace, as well as an on-site paw spa and pet wash. Inside the community clubhouse, residents can enjoy the community’s 24/7 fitness club with Peloton bikes, multiple co-working spaces with private micro-offices, club lounge, and a game room featuring foosball, arcade games and shuffleboard.

Alta West Morehead’s prime location also puts residents within walking distance of Bank of America stadium as well as many of Charlotte’s beautiful parks accessible via the Greenway Trail. Additionally, a nearby future rail stop and direct access to I-77 and I-85 allow residents to easily travel throughout the city with the greatest of ease. Charlotte Douglas Airport (American Airlines hub with over 780 direct flights) is only a 15-minute drive west of the site.

Alta West Morehead is managed by Wood Residential. Visit www.altawestmorehead.com for more information.

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 nearly 90,000 conventional multifamily homes with a combined capitalization of $17.3 billion. The company currently owns more than 70 properties across the United States representing over 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 three 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 GTIS Partners
GTIS Partners is a global real estate investment firm in the Americas, headquartered in New York with offices in São Paulo, San Francisco, Los Angeles, Atlanta, Charlotte, Phoenix, Dallas and Munich. The firm was started in 2005 and is managed by President and founder Tom Shapiro and seven other partners The firm manages $4.3 billion in gross assets and is active across a wide range of real estate sectors including single family and multifamily housing, office, industrial/logistics and hospitality as well as opportunity zone investments. The firm invests at various points in the capital structure including credit, common equity and structured equity. In the US, GTIS has invested in over 190 assets across 40 unique markets including growth areas such as Phoenix, Dallas, Houston, Denver, Atlanta, Tampa and Charlotte. In Brazil, GTIS is among the largest real estate private equity firms with holdings including office, residential, logistics, and hospitality investments. Marquee assets developed by GTIS Partners in São Paulo include the Infinity office building and Palácio Tangará, a five-star resort style hotel. For more information, please visit www.gtispartners.com.

SHORELINE, Wash., June 27, 2023 /PRNewswire/ — National multifamily real estate development leader Wood Partners and their capital partner, ParkProperty Capital, today kicked off the official groundbreaking of its latest residential community, Alta North City, located just north of Seattle in Shoreline’s growing North City neighborhood. With construction on the project already underway, Alta North City is expected to open in mid-2025.

The forthcoming community will be situated less than 20 minutes north of downtown Seattle in the emerging suburb of Shoreline. With the development of Alta North City, Wood Partners aims to provide a true live, work, play community for residents with convenient access to the upcoming Link light rail stations, a variety of shopping options, restaurants, and parks just outside their doors. The property itself will include more than 4,000 square-feet of ground floor retail with outdoor plaza space.

“We are beyond excited to officially break ground on our newest mixed-use project, Alta North City, in the growing city of Shoreline, which we hope will provide the perfect balance of city and suburban living for our future residents,” said Michael Nagy, Managing Director at Wood Partners. “Alta North City highlights Wood Partners’ continued expansion within the Seattle marketplace, as well as the company’s dedication to providing the highest level of quality and sophistication for residents to enjoy.”

Once complete, Alta North City will offer 228 apartment homes comprised of studio, one- and two-bedroom custom-designed floorplans for residents to choose from. Throughout the community, each home will showcase a vibrant design aesthetic, complete with high-end fixtures and finishes for residents to enjoy. Key interior living features include stainless steel appliances, quartz countertops, chrome gooseneck faucets, and designer tile backsplashes and accents throughout. Additional home features will include wall-to-wall wood-style flooring, full size in-unit washer and dryer sets, spacious closets and balconies, and energy efficient heating and cooling.

Outside their homes, residents will also have access to Alta North City’s array of attractive community amenities, including an impressive roof-top deck with beautiful views of the surrounding Puget Sound area. In addition, residents will enjoy the community’s custom-designed clubroom with co-working features, garden courtyard, and a 24/7 state-of-the-art fitness center.

“We are excited to partner again with such a high-quality developer in Wood Partners and grow our footprint in Seattle,” said Brendan Whalen, Managing Director of ParkProperty Capital. “This will be our second investment in Seattle where we see a lot of opportunity given the continued growth and high quality of life in the metro.  This is also the ninth investment through our discretionary fund platform that has invested over $350M in equity over the past two years into similar development opportunities throughout the major markets in the U.S. Sunbelt and Pacific Northwest, so this is an important milestone for ParkProperty Capital on multiple fronts.”

Wood Partners is acting as the general contractor and will manage the property once complete.

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 nearly 90,000 conventional multifamily homes with a combined capitalization of $17.3 billion. The company currently owns more than 70 properties across the United States representing over 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 three 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.