HOUSTON, TX – Venterra Realty recently bought the Cendana District West community located in Richmond, Texas. The 349-unit four-tale mid-rise multifamily community was built in 2023 and offers modern one, two, and three-bedroom residences that range from 592 – 1542 square feet in 11 unique floor plans.
The apartments feature high-end interior finishes, like Granite Countertops, Stainless Steel Appliances, Garden Tubs, Walk-In Showers, Washers and Dryers, and Oversized Closets. Some apartments offer a kitchen island and double-sink vanities.
The property provides renters with the largest pool in the area, two resident lounges, co-working and or micro office spaces, 24/7 fitness center and yoga studio, media room, dog park and pet spa.
Well located in the quick-growing Richmond area of Fort Bend County in southwest Houston, just a small distance from the Westpark Tollway and the Grand Parkway, the area offers simple access to many of the major employers in Houston. Venterra also currently owns The Retreat, in the same neighborhood about 2 miles from Cendana.
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 Houston area and are excited to expand our Texas portfolio with the addition of the amenity-rich luxury property Cendana District West,” 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 Cendana District West by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

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FORT MYERS, FL -The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, has officially broken ground on The Riley, a 275-residence, market-rate multifamily community located in Fort Myers, Florida.
We re excited to bring this latest development to the Fort Myers and Lee County area which has experienced incredible growth, said Kurt Kehoe, Senior Vice President of Florida Development. The Riley is a testament to NRP s commitment to providing the highest quality communities and our belief in the future and continued expansion of Southwest Florida.
The community comprises three four-tale buildings, each offering unique features to cater to a diverse resident base. Building one will serve as the main gathering area for residents, housing the integrated clubhouse and most of the property s lifestyle amenities, while building two features a courtyard with public greenspace and comfortable sitting and lounging areas. Building three provides panoramic views of the nearby conservation area, Estero Bay Preserve State Park, for a nature-infused living experience.
The Riley features a best-in-class amenity package, including a resort-style pool with outdoor grilling areas and pizza oven, as well as an integrated clubhouse with a media room, business center and conference pods. Other highlights include a state-of-the-art fitness center, an on-site dog park with a smart pet wash station, and package concierge lockers.
The residences boast contemporary finishes, soft-closing cabinets, LED-lit mirrors with frames, modern lighting fixtures and luxury kitchens with quartz countertops and upgraded stainless steel appliances. Floor plans are varied, featuring one, two and three-bedroom apartments, ranging from 655 to 1537 square feet. Pricing is expected to start at the low $1600 s.
Strategically located at the intersection of Highway 41 and San Carlos Blvd, The Riley provides convenient access to major job markets in Fort Myers and Bonita Springs, with proximity to Interstate 75 and Highway 41.
The Riley is expected to be completed in late 2025.

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RICHMOND, VA – Jones Street Investment Partners, a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., announced its expansion in Virginia with the acquisition of Summit at Bon Air, a 296-unit multifamily community located at 1701 Irondale Road in the Richmond suburb of Bon Air, from Capital Square, one of the nation s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities.
Summit at Bon Air features a mix of one-, two- and three-bedroom units across 37 two-tale buildings spanning a total of approximately 28 acres, as well as 550 parking spaces. The garden-style community is ideally situated within walking distance of numerous retail and restaurant options, including Chesterfield Towne Center Shopping Mall and Huguenot Village Shopping Center, and is located just off Route 60, providing an simple 22-minute drive to downtown Richmond, one of the fastest growing job markets in Virginia, according to InsideNOVA. Summit at Bon Air boasts luxury amenities including a resident lounge, business center, dog park, newly upgraded fitness center, swimming pool with a sun deck, and a playground.
We are excited to add another ideally located Richmond-area asset to our portfolio with the acquisition of Summit at Bon Air, said Matt Frazier, founder and COE of Jones Street. Coming on the heels of our recent entry into the Richmond market with the buy of Courthouse Green Townhomes, Summit at Bon Air exhibits the same strong criteria we look for when evaluating investment opportunities, including a growing population, a strong job market, top schools, and family-friendly activities and amenities. We look forward to leveraging our operational expertise to provide a best-in-class living experience to the community and make value for our investors.
The majority of the Property s units have recently undergone numerous renovations to provide units with premium finishes including new cabinets, a backsplash, high-end laminate countertops, and a tech package. Jones Street plans to upgrade the remaining 77 units to provide an enhanced living experience. Improvements have also been made to the property s amenities, including renovations to the parking lot, fencing, grilling stations, landscape enhancements, and signage.
Summit at Bon Air Chesterfield County, which has experienced strong population growth over the last decade at an average of 9.8% as Fortune 500 companies have expanded their local presence, including LEGO, CoStar, Capital One, Altria, CarMax, and Dominion Energy. Bon Air has an A+ rating from Niche.com as well as an A rating in the Excellent for Families category.

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