ATLANTA, GA – National multifamily developer Wood Partners expands its presence across the Southeast with the start of construction on projects in Palmetto, Florida, Nashville and Atlanta. The multifamily communities are part of the Wood Partners’ new attainable housing initiative offering upscale living at cost-effective rates.
“Wood Partners’ recent expansion in the Southeast makes valuable living opportunities in the region’s fastest-growing markets as we continue to deliver upscale yet attainable housing,” said Joe Keough, CEO at Wood Partners. “The growth of our attainable housing strategy has allowed us to provide high-quality, cost-effective apartments where they are most needed. We are meeting this unmet attainable housing demand across our entire national footprint.”
Palmetto is a 246-unit, four-tale attainable development in Palmetto, Florida, featuring a mix of one-, two- and three-bedroom apartment layouts. Centrally located between St. Petersburg, Tampa, Sarasota and Lakewood Ranch, Palmetto offers proximity to award-winning beaches, top-tier medical facilities and premier shopping and dining destinations. In addition to neighborhood offerings, the multifamily community features a resort-style pool, a sundeck with shade sail, grill areas, a package room, fitness center, resident clubhouse with pool table and shuffleboards, coworking space, day office, hospitality kitchen, a dog park and an outdoor pet wash.
Gallatin, located at 1330 Nashville Pike, spans 35 acres and features 372 multifamily apartments for rent, including one- and two-bedroom units. The development will include 5,000 square feet of commercial space at the front of the property. Residents can delight in a range of amenities, including a clubhouse, fitness center, business hub, pool, dog park, amenity lawn and for-rent detached garages. Gallatin broke ground in February, with the first units expected to be delivered by Spring 2026.
Ben Hill is a 236-unit community in southwest Atlanta, featuring a mix of one-, two- and three-bedroom layouts. The multifamily community is ideally located near Hartsfield-Jackson Atlanta International Airport, Georgia’s largest employer, as well as major industrial corridors, including the Fulton Industrial Corridor and the I-85 South industrial corridor. Amenities will include a clubroom, coworking space, day offices, a fitness center, a pool and a dog park, enhancing the living experience. The development broke ground in January and is slated for completion in August 2026.
Wood Partners’ attainable communities are built with upscale finishes such as granite countertops and stainless steel appliances and top-of-the-line amenities. The developer saves on costs by selecting well-located suburban sites rather than more expensive urban locations, executing an efficient and consistent design and embracing minimal, yet well-done, landscaping. These savings allow for a lower price point for the renter. Last year, Wood Partners introduced multiple attainable housing communities, including Union City in Atlanta, Conner Park in Tampa, Mint Hill in Charlotte, North Carolina and Rayzor Ranch in Dallas.

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SEATTLE, WA – Security Properties in partnership with RGA ReCap Real Estate Investments on behalf of Reinsurance Group of America (RGA) bought Henry Apartments, a 100-unit multifamily property built in 2017 located in Seattle, Washington, for $34,750,000. This strategic go aligns with the city’s evolving work landscape, as remote work declines and demand for conveniently located housing rises.
Amazon’s recent policy requiring employees to work from the office five days a week has significantly impacted downtown Seattle. In January 2025, the city recorded the second-highest weekday worker foot traffic since March 2020, with 2 million unique visitors downtown. This shift underscores the growing need for residential options close to employment hubs.
Henry is in Seattle’s desirable Queen Anne neighborhood, a premier residential area renowned for its historic architecture, tree-lined streets, and breathtaking views. Residents of Queen Anne not only benefit from the neighborhood’s proximity to major employers, but they also delight in simple access to everyday conveniences, shopping, dining, cultural attractions, and outdoor opportunities.
New multifamily residential construction in the area is expected to decline by nearly 70% over the next two years, as development barriers remain high. Coupled with the surge in return-to-office mandates, Henry is uniquely positioned to benefit from limited future competition and sustained demand for rentals. With this acquisition, Security Properties reinforces its leadership in Seattle’s multifamily residential market, meeting the moment as urban living near major employers becomes more essential than ever.
“Henry exemplifies our strategy of investing in high-quality assets located in premier, supply-constrained neighborhoods with exceptional connectivity to employment and lifestyle amenities,” said Daniel Diaz, Director at Security Properties. “The Queen Anne neighborhood continues to benefit from renewed return-to-office momentum, particularly with major employers drawing talent back to the urban core. This shift is already translating into stronger leasing activity across our urban portfolio, and Henry is well-positioned to capture that demand given its proximity to South Lake Union and Downtown Seattle.”
Security Properties intends to implement a targeted renovation program building upon the property’s existing high-end finishes while enhancing the amenity offerings to further elevate the resident experience. With the addition of Henry, Security Properties now owns 29 assets totaling more than 6,500 units in the Greater Seattle area and approximately 25,000 units nationwide. The property will be managed by Security Properties-affiliate Security Properties Residential.

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RALEIGH, NC – ECI Group announced the acquisition of Ardmore at Flowers Apartments, an 11-building, 396-unit apartment development at 380 Topwater Drive in Raleigh (Clayton), NC, in the 3,000-acre Flowers Plantation master-plotted community.
The community will be rebranded as The Averly at Flowers. The price was not told in the “off-market” transaction. The investment marks ECI’s first acquisition with Almanac Realty Investors, a division of Neuberger-Berman, since the announcement in October 2024 of Almanac’s $350 million infusion of capital to fuel ECI’s expansion.
“ECI is excited to return to North Carolina and expand our presence in the Southeast with the acquisition of Ardmore at Flowers,” said Scott Levitt, Chief Acquisitions Officer at ECI Group. “We believe this investment represents an brilliant opportunity to buy a new property at well below today’s replacement cost in one of the fastest growing submarkets in North Carolina with a very limited near-term supply of newly constructed apartments. This has historically been a recipe for success. We expect this to be the first of many acquisitions over the next few years in the Southeast and Texas with our new Almanac partnership.”
The re-branded The Averly at Flowers apartments offer all the modern features of new development alongside a highly desirable location within the award-winning Flowers Plantation in Clayton. Residents delight in simple access to community anchors Publix, Harris Teeter, and the Triangle YMCA, along with an additional 50,000 square feet of commercial space expected by 2026. Walking trails, top-rated schools, shopping, and dining add to the appeal of the community, which has convenient access to I-40 and I-42.

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