PEARLAND, TX – Venterra Realty recently bought The Townhomes at Lake Park community located in Pearland, Texas. The 247-unit garden-style multi-family community is well located in Pearland, Texas, a suburb of South Houston.
Venterra has a long track record in Pearland, having managed St. Andrews Apartments dating back to 2012. This city is also the site of its current development project, The Delta Pearland, which will open in early 2025. Pearland is an affluent area located approximately 10 miles south of the Texas Medical Center and is known for having an brilliant school district.
The property consists of multi-level townhome-style apartment homes, all with ground-floor access and most with attached garages. All apartment homes feature modern finishes including stainless steel appliances, granite countertops, full-size washers and dryers, and oversized closets. Residents at The Townhomes at Lake Park can delight in resort-style amenities including a sparkling pool with a poolside grilling area, a 24/7 fitness center and direct access to Clear Creek Trails.
Venterra will implement its resident-focused programs such as the Live it. Like it. Guarantee., the 48-Hour Maintenance Guarantee, and SMARTLEASING.”
We have seen brilliant growth in the Pearland market and are excited to expand our Texas portfolio in Pearland with the addition of The Townhomes at Lake Park,” said John Foresi, CEO of Venterra Realty. “Venterra has become known as a company that is committed to providing a market-leading living experience, and we look forward to identifying opportunities to further enhance the standard of living at The Townhomes at Lake Park by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

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NEWTON, MA – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has bought Modera Newton, a contemporary midrise apartment community located along the Charles River approximately nine miles west of Downtown Boston.
The community, formerly known as Allée on the Charles, features 205 apartment homes and was originally built in 2023, with a second building delivered in 2024. The community boasts a charming setting featuring immediate access to the Charles River Greenway and picturesque Forte Park. The commuter-friendly location is positioned less than seven miles west of Cambridge and offers direct connectivity to Boston via Interstate 90 (Massachusetts Turnpike).
“Newton is a fantastic suburb within the broader Boston area with high barriers to entry and strong demographic trends,” said Kel Frazier, president of acquisitions for Mill Creek Residential. “We’re excited to welcome Modera Newton as our latest community addition.”
Situated at 2-4 Los Angeles Street, Modera Newton is amidst a locale known for its inviting atmosphere and strong emphasis on education and community. Newton features picturesque neighborhoods, high-performing schools and a wide variety of green spaces and recreational outlets. Major employers in the area include Newton-Wellesley Hospital, Boston College, Newton Public Schools and Brandeis University.
Modera Newton, composed of two buildings, offers studio, one-, two- and three-bedroom homes, including select live/work homes. The North Building is built to and is pursuing LEED Silver certification, while the South Building is Passive House certified, meeting standards of energy efficiency, comfort and affordability. Community amenities consist of a resort-style swimming pool, outdoor dining and grilling areas, conference room, private workstations, makers/art studio for creative projects, game area with shuffleboard and Ping-Pong, pet spa, indoor dog wash and a club-quality fitness studio with cardio equipment. Residents also have access to digital package lockers, bike room with storage and repair station, covered parking and public EV charging stations.
Home interiors include wood plank-style flooring, oversized windows, stainless steel appliances, quartz countertops, pull-down faucets, tile backsplashes, LED ceiling lighting, two-tone cabinets with black matte finishes, in-home washers and dryers, walk-in closets, programmable thermostats, key fob access, Butterfly MX™ intercom/video system and private patios or balconies. Bathrooms include soaking tubs, ceramic tiles, custom cabinets and wall-mounted LED fixtures above vanities. Select homes include glass showers.

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AUSTIN, TX – Canyon Partners Real Estate announced that is has provided a preferred equity investment in a joint venture with Gilbane Development Company for the development of Aer, a 375-unit Class A multifamily project located in the South Lamar submarket of Austin, Texas.
The project is located approximately three miles south of downtown Austin along South Lamar Boulevard, an established corridor offering direct access to a variety of retail and restaurant amenities as well as nearby parks and hiking trails. The project is also conveniently positioned near major highways, including east-west Highway 71, north-south MoPac Expressway, and Interstate 35, allowing for seamless connectivity throughout the city and surrounding suburbs.
“Aer represents a unique development opportunity in Austin’s South Lamar submarket, a neighborhood characterized by strong demand yet limited new supply,” said Adam Moore, Vice President of Development at Gilbane. “As the city experiences continued growth and demand for high-quality rental housing, we are excited to partner with Canyon to develop the first eight tale podium building on South Lamar.”
Canyon has been an active provider of debt and equity in Texas and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has capitalized ~$2 billion of total projects across all asset types in the state of Texas. Aer marks Canyon’s fourth investment in the Austin area over the past five years.

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