AUSTIN, TX – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with PointOne Holdings and the Travis County Facilities Corporation (TCFC), announced the groundbreaking of a 328-unit mixed-income multifamily development in Austin, Texas. Half of the units will be reserved for residents earning between 60 to 80 percent of the Area Median Income (AMI).
This development is a testament to our commitment to make inclusive housing communities where residents of all income levels can thrive, said Max Whipple, Vice President of Development at The NRP Group. As we celebrate our 30th anniversary and the delivery of our 30,000th housing unit in Texas, East Austin s Ross Road development will provide the local workforce with the opportunity to affordably live in the vibrant community where they work.
Ross Road meets the neighborhood s growing demand for quality, accessible housing for essential workers, young professionals and growing families. It features an assortment of one-, and two-bedroom apartments with high-end finishes. With close proximity to Highway 71 and the 130 tollway, Ross Road provides quick access to employment hubs in East Austin and a 20-minute drive to the city s downtown.
We are thrilled to partner with The NRP Group on this project to provide much-needed housing in East Austin, said Ben Colonomos, Principal of PointOne Holdings. This development will significantly enhance the rapidly expanding neighborhood, providing residents with a best-in-market living experience and a wide range of community-focused and thoughtfully designed amenities.
Designed by architecture firm Lord Aeck Sargent, Ross Road is a 4-tale development with a unique covered parking structure to maximize outdoor space. Half of the 16.5-acre site will be dedicated to greenspace and outdoor amenities, including a primary courtyard with a resort-style pool, cabanas and outdoor games like ping pong and corn hole. Additionally, there are two landscaped courtyards and a dog park overlooking the greenbelt to the East.
For remote workers and students, the development offers coworking spaces with multiple meeting and conference rooms. The community also includes a double-height lobby and state-of-the-art fitness center, and a community chef s kitchen for social gatherings.
This development aligns perfectly with our mission to support the development of high-quality housing in Travis County, said Patrick Howard, Executive Director of TCFC. We are proud to be part of an initiative that delivers accessible housing to the region s growing workforce.
Austin remains a priority market for The NRP Group. Two recently delivered mixed-income communities in the area include The Markson, with 330 units, and Station42 with 368 units.
Construction of Ross Road is already underway. The community is expected to deliver in 2026.

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DALLAS, TX – Waterford Property Company, in a joint venture with The Vistria Group, announced the acquisition of a 299-unit garden style class A multifamily community located at 2400 Fort Worth Avenue in Dallas.
The joint venture bought the property, called Axis Kessler Park, in partnership with the City of Dallas Housing Finance Corporation (“DHFC”), for $67 million from the undisclosed seller. With this acquisition, the owners will immediately restrict rents for new qualified residents, converting the property into essential workforce housing.
“We are thrilled to partner with the City of Dallas and Waterford on another housing community,” said Michael Shaid, Vice President of Real Estate at The Vistria Group. “It is core to our investing and impact philosophy to make more affordable housing, building more resilient households and vibrant communities. Axis Kessler Parkwill add high quality affordable options for those who live, work, and play in Dallas.”
The property will provide a much-needed mixed income housing solution for the community. A majority of the units will be converted to essential housing for residents who make 60 to 140 percent of the Area Median Income (“AMI”). Ten percent of the units will be dedicated to residents who make 60 percent of AMI, 41 percent of the units will be dedicated to 80 percent AMI, 39 percent of the units will be dedicated to 140 percent AMI and the balance of units will remain at market rent.
“This is Waterford’s second multifamily acquisition in Dallas. Through this acquisition, Waterford is continuing its mission to pursue innovative essential housing solutions for the region,” said Sean Rawson, Co-Founder of Waterford.
Axis Kessler Park consists of large one-, two- and three-bedroom units. The property offers amenities that include a clubhouse, fitness center, business center, dog park, private garages, resort-style pool, and storage units. The community is located within the suburban neighborhood of Kessler in Dallas, strategically positioned between the thriving Bishop Arts District and Trinity Groves. These districts boast a vibrant urban community offering convenient access to retail outlets, dining establishments, and recreational facilities.
“With rents in Dallas up nearly over 20% since the pandemic started, it’s more vital than ever to figure out ways to help make more affordable housing for essential workers in the area. We are proud of our public private partnership with the DHFC in making this increasingly needed housing option,” said John Drachman, Co-Founder of Waterford.
The property primarily houses middle-income workers with the Dallas Independent School District as the top employer of property residents. Occupations for tenants at the property include healthcare and medical workers, education training and librarians, and management.
Earlier this year, Waterford, The Vistria Group, and Northern Liberties, in partnership with DHFC, bought Domain at Midtown Park, a 395-unit class A multifamily community located at 8169 Midtown Boulevard in Dallas to convert to essential housing.
Debt for the acquisition was handled by Freddie Mac through Walker & Dunlop. John Makus of CBRE represented the seller. Greystar will be the onsite property management team.

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CHARLESTON, SC – A joint venture between Blaze Capital Partners and Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, announced the acquisition of The Aspens Verdae, a 159-unit active adult community located in Greenville, South Carolina.
“The acquisition of The Aspens Verdae represents our commitment to both growing our active adult portfolio and deepening our strategic presence in the Greenville market,” said Chris Riley, co­founder and managing partner of Blaze. “The 55+ housing segment stands to benefit from exceptional fundamentals as Baby Boomers continue to seek more attractive forms of housing that offer a compelling alternative to traditional homeownership.”
The Aspens Verdae is a luxury active adult community built in 2022 within the Verdae Master Plot, conveniently located just fifteen minutes from downtown Greenville and providing residents with access to a wide array of activities, restaurants, and shopping. The property is adjacent to the Preserve at Verdae Golf Club and a small distance from Swamp Rabbit Trail, a 28-mile multi-use greenway that follows the Reedy River.
The Aspens Verdae provides residents with comprehensive programming ranging from fitness classes to group activities, as well as a variety of social events and gatherings. The property offers several leading amenities, including an outdoor heated pool, fitness center and yoga studio, art room, movie theater, and resident lounges. Units span a variety of one- and two-bedroom floorplans and feature luxury vinyl plank flooring, granite countertops, stainless steel appliances, walk-in showers, and full size washers and dryers.
“Our acquisition activity has increased over recent months as we have begun to find more compelling investment opportunities that align well with our focus of generating attractive returns to our investors by delivering exceptional living experiences to our residents,” added Eddy O’Brien, co-founder and managing partner of Blaze. “We have been and will continue to be one of the most active buyers in the active adult segment building off our experience and long-history in the space.”
“Greenville’s strong demographics and notable supply constraints align with our thematic investing approach around differentiated opportunities for accessing demographic shifts occurring in the U.S.,” said Eric Shepsman, Managing Director, Real Estate Americas, at Partners Group. “Blaze’s expertise in the active adult space and investment approach aligns with our view on driving additional value through transformational business plans. Blaze has been an brilliant partner to work with and we look forward to executing our business plot.”

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