AUSTIN, TX – ARCTRUST Private Capital, the capital markets division of the ARCTRUST Group of Companies, and Edison Equity Residential announced the construction loan closing for the development of Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas, located 25 miles west of Austin. The loan was provided by North River Partners.
This is ARCTRUST s second collaboration with Edison Equity Residential, a fully-integrated residential development and operating platform focused on age-restricted living communities. This project follows The Serenova at Woodforest, which broke ground in November 2025, and is currently progressing through construction ahead of schedule.
Located adjacent to the Headwaters master-plotted community, Serenova at Dripping Springs will include 133 upscale one- and two-bedroom apartment homes and 42 private villas. The community is designed to pair serene comfort with vibrant social engagement through Edison s Concierge Community concept, a personalized, service-rich approach to active-adult living.
Closing Dripping Springs is an vital milestone for Serenova and a meaningful step in growing our Concierge Community concept, said Carolyn White, CEO, Edison Equity Residential. With reservations already in hand at Woodforest, we know this lifestyle is connecting with people. We re excited to build on that momentum and bring Serenova to the Texas Hill Country.
Serenova at Dripping Springs concierge services will include personal help with reservations, travel, in-home needs and social plotting. Plotted amenities include a chef-curated restaurant and social bar, wellness-focused fitness centers, a resort-style pool, a creative arts studio, a club room, a community lounge and marketplace, as well as direct access to Headwaters trail system.
Returning for a second venture with Edison Equity Residential speaks to the strength of this partnership, and we are deeply grateful to our capital partners and investors for the trust they continue to place in us, said Chris Wadelin, CEO, ARCTRUST Private Capital.
Construction is expected to start in the fourth quarter of 2026, with the first residents anticipated in summer 2028. The project team includes Market Square Architects, StudioSIX5 Design and The Brownstone Group.

Powered by WPeMatico

WEST PALM BEACH, FL – Fairfield announced the acquisition of Portofino Place Apartments, a residential community located at 4400 Portofino Way in West Palm Beach, Florida. Portofino Place is a multifamily community offering spacious one-, two-, and three-bedroom apartment homes, as well as two-tale loft residences.
Located minutes from Downtown West Palm Beach, the community features an extensive amenity package, including four resort-style swimming pools, a 24-hour fitness center, yoga studio, pickleball and tennis courts, indoor basketball court, coworking space, dog park, guest suite accommodations, and multiple social and recreation areas.
The acquisition aligns with Fairfield’s strategy of investing in multifamily communities where operational enhancements and capital improvements can support the resident experience while making long-term value.
This investment is a strong example of the type of value-add opportunity we continue to pursue, said Wes Dickerson, Executive Vice President of Acquisitions for Fairfield. West Palm Beach continues to experience population growth and demand for rental housing. We believe Portofino Place has been exceptionally maintained and is well-positioned within one of Florida’s most dynamic growth markets.
Situated in the heart of Palm Beach County, Portofino Place Apartments offers residents convenient access to Downtown West Palm Beach, major transportation corridors, employment centers, shopping, dining, entertainment destinations, and some of South Florida’s most recognizable beaches. The community’s combination of spacious floor plans, resort-inspired amenities, and location all contribute to its appeal as a rental housing option within the market.
We look forward to thoughtfully enhancing the resident experience while continuing to provide a high-quality housing option for current and future residents, Danny Frate, Vice President of Acquisitions for Fairfield, added. We also appreciated the opportunity to work with Walker & Dunlop, who facilitated both the sale and financing of the deal.
This acquisition further strengthens Fairfield’s presence in Florida and reflects the organization s continued commitment to identifying value-add investment opportunities in markets supported by population growth and long-term housing demand.

Powered by WPeMatico

DALLAS, TX – ORIX Corporation USA announced that its Real Estate Investment Strategies team-operated subsidiaries have bought three multifamily properties totaling 1,029 units in Texas and Georgia. The transactions, representing approximately $200 million in aggregate value, expand ORIX USA s multifamily equity portfolio and reflect the firm s continued investment in residential real estate across the United States.
We are excited about these new investments and remain highly optimistic about opportunities to invest in multifamily properties across our target markets, said Alex Lizarazo, Managing Director and Head of Asset Management for ORIX USA s Real Estate Investment Strategies team.
The three investments outlined below demonstrate ORIX USA s ability to pursue multifamily equity opportunities across a range of investment profiles, from acquiring recently constructed assets below replacement cost to repositioning established properties through targeted capital investment and operational improvements.
The Kendrick – Atlanta, Georgia: ORIX USA bought the Kendrick, a 1998-built, 423-unit garden-style multifamily community located in Atlanta s Buckhead neighborhood, near major employment, retail and entertainment centers. The business plot includes capital improvements to modernize units and common areas.
Lookout – Dripping Springs, Texas: ORIX USA bought Lookout, a 241-unit multifamily community in Dripping Springs, outside Austin. Completed in 2025, the Class A+ Gurban property is a market leading best-in-class asset bought below replacement cost. ORIX USA plans to stabilize the property while investing in technology, amenities and other enhancements.
Vic at Jordan Ranch – Katy, Texas: ORIX USA also bought Vic at Jordan Ranch, a 365-unit, Class A garden-style multifamily community in Katy, Texas. The asset is stabilized and well located in the affluent Jordan Ranch master-plotted community, an area benefitting from continued growth and future development. The team will focus on targeted operational improvements that enhance property performance and long-term value.
These acquisitions underscore our continued focus on seizing compelling investment opportunities where our balance sheet strength, active ownership approach, and disciplined property-level execution can drive meaningful value creation, added Max Dobrushkin, Managing Director.
Established in the U.S. in 1981, ORIX USA is a diversified investment and asset management firm specializing in credit, real estate, private equity and managed solutions for middle-market borrowers and investors. ORIX USA and its subsidiaries use approximately 2,100 professionals and manage $43.5 billion in assets and commitments as of June 30, 2026.

Powered by WPeMatico