Author: Baylee Snead

NEWPORT NEWS, Va., May 9, 2018 /PRNewswire/ — Wood Partners, a national leader in multifamily real estate development and acquisition, announced today the grand opening of Alta Citizen at Patrick Henry.

The 209-unit community in Newport News, Virginia is located at 301 Continental Parkway in the Patrick Henry Place mixed-use development. Situated in historic Newport News and down the road from Oyster Point and Tech Center, Alta Citizen at Patrick Henry brings young professionals the convenience of easy travel to major employers along the Jefferson Avenue Corridor, the Newport News/Williamsburg International Airport, and some of the area’s best microbreweries and restaurants.

“This area is a prime destination in Coastal Virginia, and luxury living is in demand,” stated Caitlin Shelby, Director for the Raleigh-Durham office of Wood Partners. “We saw a strategic opportunity to bring best-in-class amenities to an optimal location – fulfilling a need for contemporary living in a burgeoning neighborhood with easy access to employers.”

Alta Citizen at Patrick Henry introduces leading-edge apartment living to Patrick Henry Place, which currently offers a mix of condos, townhomes, retail, and outdoor recreation for residents. Alta Citizen is comprised of studio, one-, two-, and three-bedroom floorplans that are spacious and open, with private laundry rooms and modern features.

Included in the top-notch amenities are a state-of-the-art fitness center, space for entertaining with a communal kitchen, and an indoor game area. Alta Citizen also boasts an indoor/outdoor bar, along with a sparkling courtyard pool for residents. The serene walking trail throughout the community allows residents easy access to experience the surrounding green space.

Alta Citizen began construction in the spring of 2017.

LOS ANGELES, April 19, 2018 /PRNewswire/ — Wood Partners, a national leader in real estate development and acquisition, announced the grand opening of The Fifty Five Fifty today in Los Angeles, California. The new 280-unit community is located at 5550 Hollywood Boulevard, between historic Hollywood and vibrant Los Feliz.

“The Fifty Five Fifty is strategically located in East Hollywood where residents can enjoy the iconic Hollywood backdrop while taking advantage of the emerging arts and cultural scene in Los Feliz,” said Brian Hansen, Wood Partners’ Western Region Development Director. “The community is conveniently adjacent to the metro and in close proximity to both Griffith Park and Griffith Observatory, making it an ideal community for young professionals, the creative community and families.”

The Fifty Five Fifty features over 3,000 square feet of gym and fitness space, open courtyards and outdoor fireplaces, a pool and spa, workout facilities, a theater room and stunning views of the city. Residents will also have easy access to prime retail and shopping from the ground floor of the community. The facade of legendary 1920’s-era Falcon Studios building – where the original Zorro star, Errol Flynn, taught fencing lessons – has been integrated into The Fifty Five Fifty’s design.

The community also features Wood Partners’ unique cultural program called The Ground Floor Project. At The Fifty Five Fifty, Wood Partners and The Ground Floor Project have partnered with local artists to create spaces to host original and interactive performances at the community. As The Ground Floor Project continues to evolve at The Fifty Five Fifty, residents will have access to monthly cultural and entertainment events from Los Angeles-based artists.

The community offers residents luxury finishes, modern conveniences, and easy access to urban living in a setting that retains Hollywood’s unique character and charm. The Fifty Five Fifty features studio, one-, two- and three-bedroom floor plans that range from 480 square feet to over 1,200 square feet.

PORTLAND, Ore., March 12, 2018 (Newswire.com) – Wood Partners, a national leader in real estate development and construction, recently broke ground on their new Portland community at 1638 W Burnside. Wood Partners marked the occasion with a charitable contribution to the Janus Youth Programs, a local non-profit serving at-risk youth throughout the region.

The new Wood Partners community in Portland, located at West Burnside Street and Southwest 16th Avenue in Goose Hollow features 138 units and approximately 6,000 square feet of ground-floor retail. This community will be the fourth Wood Partners project in the Pacific Northwest, with two in Seattle and another project in Portland. Wood Partners’ first Portland project, Block 17 by Alta, won the prestigious Multifamily Executive High-Rise of the Year, as well as the Editor’s Choice Award in 2016.

The new Wood Partners community is located within the central city of Portland, with walkability to downtown Portland, the Pearl District and the shops on 23rd street. The property’s proximity to the TriMet Max station at Providence Park and I-405 makes it an ideal location for residents looking to combine the vibrancy of downtown with the ease of commuting to outlying business areas and easy access to the light rail within Portland.

The community will feature a penthouse level club room with a wraparound terrace, an outdoor seating and entertaining area, fitness room, secure bike storage, and garage parking. With a state-of-the-art living experience, residents will easily connect to the dynamic culture of urban Portland.

As part of the company’s activities throughout the Pacific Northwest and in line with its commitment to invest in the communities it works in, Wood Partners is excited to announce a charitable contribution to the Portland-based organization Janus Youth Programs.

Janus Youth Programs is a leader in creating innovative, community-based services that enhance the quality of life for children, youth and families. Wood Partners’ contribution of $25,000 will help Janus continue to serve at-risk youth throughout the Pacific Northwest.

“Wood Partners’ very generous donation in support of the homeless youth services provided by Janus will affect hundreds of vulnerable youth in the months ahead,” said Tim Colton, President of the Janus Youth Programs Board of Directors.

“We are thrilled to contribute to the hard work of Janus,” said Michael Nagy, VP of Development for Wood Partners in the Pacific Northwest. “We value the community in Portland, and as we continue to grow here, we want to be good citizens of this city. We’ve seen firsthand how important the Janus Youth Programs are and we are happy to help support those efforts.”

SAN DIEGO, Feb. 26, 2018 /PRNewswire/ — Wood Partners, a leader in real estate development and construction, announced The Rey has been named the “Community of the Year” and awarded the title of “Best High-Rise Community” at the 2017 National Association of Home Builders (NAHB) Multifamily Pillars of the Industry Competition. The Community of the Year Award is the most prestigious award and top honor for the annual competition.

Judging criteria was based on the development design and concept of the project, the site design and footprint of the building, quality of common areas, floor plans and unit designs, product design and curb appeal, the project costs and the overall success in the marketplace.

The 478-unit community was selected in part based on the 17,000 square foot rooftop deck overlooking San Diego Bay and the skyline – considered the most amenitized roof in the city.

Wood Partners and the Berkshire Group began construction in 2014 on the development originally designed by Gray Development. Wood Partners made a few modifications to the original design to create an outdoor experience, taking full advantage of San Diego’s unparalleled climate. On The Rey’s roof, residents can cook, game, gather and relax with features such as a resort-style pool, poolside cabanas, private lounges, barbecue stations, and a kitchen area which includes beverage coolers and picnic tables in an open-air environment 240 feet above the ground.

The Rey’s unique neighborhood location allows residents to experience the differing cultures of the Gaslamp Quarter, Cortez Hill, and East Village while still having access to public transportation and the ability to walk or bike to San Diego’s famous Balboa Park.

In addition to The Rey’s ideal rooftop deck area, The Rey’s residents enjoy “The Ground Floor Project,” an experiential program focused on creating a sense of community through resident interaction with local artists, entertainers, and educators. The Ground Floor Project, an exclusive feature of a Wood Partners’ community, is led by a dedicated Cultural Development Manager who curates this unique programming.

OAKLAND, Calif., Jan. 23, 2018 /PRNewswire/ — Wood Partners, a national leader in real estate development and acquisition, announced today the closed acquisition and start of construction of Alta Woodson in Downtown Oakland.

The 140-unit community is Wood Partners’ fourth property in Oakland.  Alta Woodson is located at 625 15^th Street, in the heart of Downtown, near City Hall and the burgeoning restaurants, arts, and nightlife of Uptown.

“Alta Woodson is a perfect opportunity to bring another transit-oriented community to vibrant downtown Oakland,” said Brian Pianca, Development Director for Wood Partners. “Wood Partners believes strongly in the Oakland market, which began with our Domain development in 2009 and continues today.”

With seven stories of studio, one and two bedroom floorplans, and an average unit size of 670 square feet, Alta Woodsonis expected to be an attractive option for urban-minded, mobile professionals. The community will feature a communal lounge, gym with a yoga room, a bike shop and a rooftop deck.

Wood Partners started construction of Alta Woodson in early January and is expected to be completed in the fall of 2019.

January 7, 2018 — Wood Partners, a national leader in real estate development and acquisition, announced today the closed acquisition and start of construction of a 172-unit mixed-use development in the Potrero Hill district of San Francisco.

Alta Potrero Hill is located at 1301 Sixteenth Street near Showplace Square, and in close proximity to Jackson Playground, California College of Arts, new Warriors Arena, UCSF Medical Center and Kaiser Mission Bay. Strategically located near several major tech employers, including Airbnb and Adobe, Alta Potrero Hill is also just blocks away from public bus lines and a mile from both the 16th Street Bart Station and the 22nd Street Caltrain station.

“The Showplace Square District and Potrero Hill align perfectly with our approach to building communities that aim to complement and enhance surrounding neighborhoods,” said Brian Pianca, Development Director for Wood Partners. “We’re excited to bring Alta Potrero Hill to San Francisco and add to our growing Bay Area portfolio.”

The 172-unit community will consist of over 40 percent family-sized units, that are two bedrooms or bigger, with the average size of the units being 800 square feet. 29 of the units will be below market rate.

The seven-story building will include 8,000 square feet of rooftop deck with 360-degree skyline views. There will also be parking spaces for 65 percent of residents and bicycle parking spaces available for each unit.

Alta Potrero Hill will consist of approximately 6,700 square feet of ground-floor retail and PDR space for artisans and craftsmen. This is the second Wood Partners project in San Francisco and the sixth project in the Bay Area.

January 4, 2018 — ​Wood Partners, a national leader in real estate development and construction, announced today that it has started leasing their new 237-unit community, Alta Camelback.

Alta Camelback is located in the Uptown Phoenix neighborhood, with convenient light rail access near the intersection of Central and Camelback – a major hub. Alta Camelback is the first luxury apartment community in the neighborhood and is close to the historic Uptown Plaza area, which is known for its chic eateries, like St. Francis, Stock & Stable and Huss Brewing Company. Uptown Phoenix mixes the chic history of prominent North Central neighborhoods with a new and modern atmosphere, making it an ideal living area for all ages.

“We saw a unique opportunity to build a community that meets the needs of residents in Uptown Phoenix,” said Todd Taylor, Development Director of Wood Partners. “Alta Camelback is the perfect location for individual entrepreneurs looking for a state-of-the-art living experience, in a central location.”

Alta Camelback will include a sky deck that overlooks Piestewa Peak and Camelback Mountain, a 24-hour fitness area with spin and yoga rooms, a pet area which includes a fenced dog run, an outdoor theatre, and ultra-luxe pool and spa that will cultivate a modern feeling of community. Individual work spaces, private dining areas and the location will allow the influx of solopreneurs to Phoenix to work and live with comfort and ease.

Centrally located, Alta Camelback is convenient to the Central Corridor, Midtown, Downtown, North Central and The Biltmore, and just a short drive from major employers like ASU-Downtown Phoenix Campus, University of Arizona and Phoenix Sky Harbor International Airport.

ATLANTA, September 12, 2017 (Newswire.com) – The management team of multifamily real estate developer Wood Partners (Wood) announced today that it has partnered with Fayez Sarofim & Co. (Sarofim) to purchase all of the controlling stake of Wood Partners previously owned by a closed-end private equity real estate fund managed by CBRE Global Investors.

Wood Partners is one of the nation’s largest developers of multifamily communities, with a portfolio of more than 20,000 apartment homes in more than 20 cities across the United States.

Wood’s management team has been the minority owner, holding 49 percent of the company, since it sold 51 percent to CBRE Global Investors in 2008.

“We are really proud to be long-term partners with Fayez Sarofim & Co.,” said Wood Partners CEO Joseph Keough. “Our team is excited about this transaction and looks forward to the future and the opportunities this new partnership brings for us both.”

“Wood Partners is one of the best managed real estate companies in the U.S. This is a strategic investment for us, and we look forward to the partnership,” added Gentry Lee, CEO of Sarofim.

“We also want to thank CBRE Global Investors for their valuable partnership over the course of the past nine years,” added Keough. “The CBRE Global Investors/Wood partnership has been a tremendous success. They have been a great strategic partner for us as we have evolved from a regional to a national developer and operator since 2008.”

Going forward, Wood principals will have majority ownership of the company. Keough will serve as Chairman and CEO of the company, which will retain the name Wood Partners. Patrick Trask, President of Wood Partners, and Ryan Dearborn, former Chairman and CEO of Wood, will also serve on the board. In addition, Christopher Sarofim, Vice Chairman of Sarofim, and CEO Gentry Lee will round out the five-person board.

Terms of the deal were not disclosed.