PHOENIX, AZ – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the financial closing and groundbreaking of an upscale, 353-unit multifamily development within Medina Station, a 60‑acre master plotted community in Mesa, Arizona.
The four‑tale, elevator‑served community will be built on a 10‑acre parcel in the northeast quadrant of the master plot, bringing thoughtfully designed apartment homes to families, working professionals and students in one of the fastest‑growing corridors in the Southeast Valley of the Phoenix metropolitan area.
Project financing was provided by Origin Investments as the equity partner, with debt capital from lender U.S. Bank. This represents the first investment for Origin s Select Asset Fund and the third time The NRP Group and Origin Investments have partnered together in a new ground-up development. Origin Investments is also an equity partner in NRP Group s 353-unit Haynes Lofts community in San Antonio and a 340-unit Class-A development in East Austin.
We identified this pocket of Mesa as a unique and compelling opportunity due to its strong demographics, gorgeous surroundings and exceptional commercial offerings, said Austin Kates, Vice President of Development at The NRP Group. This community will provide high‑quality homes in a walkable environment surrounded by established retail, dining and employment hubs. What sets this site apart is its suburban location paired with direct proximity to top retail offerings, enabling residents to access everyday conveniences without needing to get in their car. We re thrilled to bring a thoughtfully designed community to Medina Station and contribute to the continued growth of the Southeast Valley.
Located at 10941 E Southern Ave., the development is within walking distance of major commercial retailers in Medina Station and the surrounding area, including Target, Sprouts Farmers Market, EōS Fitness, a variety of sit-down and quick-casual dining options, and personal service providers. The site offers convenient access to US-60 and Loop 202, providing direct connectivity to key regional employment centers such as the Elliot Road Technology Corridor, Mesa Gateway Airport, and surrounding hospital networks. Approximately 15 minutes southeast of the property is LG Energy Solutions $5.5 billion battery manufacturing campus, which is currently under development and expected to generate thousands of new jobs in the area. In addition, the community is well positioned near educational institutions, including ASU s Polytechnic Campus and A.T. Still University.
Medina Station is well positioned to be a premier development in Mesa, said Jacob Sojka, Vice President of Acquisitions at Origin Investments. The project benefits from a strong location within a mixed-use community that includes plotted retail, making instant appeal. In addition, NRP s reputation as a tier-one developer adds meaningful experience, credibility, and scale.
The new community will include a mix of studios and one-, two- and three-bedroom residences totaling more than 340,000 square feet of rentable space. In addition to the main four-tale building, six two-tale carriage-style buildings will be located around the perimeter of the property, offering direct-access units as well as rentable garage space for residents.
The architectural design takes inspiration from the master plot s desert modern aesthetic and natural surroundings. Residences will include washer and dryer units, private balconies, stainless steel appliances, quartz countertops, walk-in closets and private yards in select units, as well as unobstructed views of the Superstition Mountains.
Residents will have access to a robust amenities package designed around wellness, convenience and connection, featuring a resident clubhouse lounge with coffee stations, a business center with coworking spaces, a fully equipped fitness center and an outdoor pool area complete with a spa jacuzzi, cabanas and grill stations. Residents will also delight in a dedicated dog park, landscaped courtyards with fire pits, comfortable seating areas and a golf putting green. Additional conveniences include surface parking, carports, garages, rental storage units and pedestrian access gates that provide direct walkability to the commercial offerings within the Medina Station master plot.
The Phoenix metro area remains a priority market for The NRP Group, underscoring the firm s strategic commitment to one of the fastest-growing counties in the U.S. In December, the firm broke ground on Desert Sky, a 288-unit affordable housing community in West Phoenix. This expansion reflects strong confidence in the region s long-term rental housing market, driven by robust job growth and sustained year-over-year in-migration patterns. The NRP Group has developed more than 67,000 apartment homes in 17 states since 1994 and currently manages over 30,000 residential units across the U.S.
Construction of the new 353-unit community will start later this month, with completion expected in 2028.

Powered by WPeMatico

IRVINE, CA – MBK Rental Living, a preeminent lifestyle developer of apartment communities, announced that it has successfully executed the sale of its Esperanza at Duarte Station, a 344-unit new transit-oriented Class A apartment community in Duarte, California, to an undisclosed buyer. Developed as a joint venture of MBK Rental Living and Haseko Corporation, Esperanza reflects the persistent demand for high‑quality, amenity‑rich communities that align with what today’s residents value most in their living experience.
“At MBK Rental Living, we believe fantastic communities are built around people, not just buildings. Esperanza at Duarte Station brings that belief to life through intentional design, dynamic rooftop amenities, inviting courtyards, and immersive, year-round resident programming. The result is more than a place to live—it’s a lifestyle that fosters connection, energy, and a right sense of belonging,” said Ken McCarren, President of MBK Rental Living. “The community’s proximity to the Metro station and the world‑renowned City of Hope makes it especially attractive for those seeking connection, opportunity, and ease. We are seeing this same strong demand at Solana at Duarte Station, reinforcing the long-term appeal of this exceptional market.”
Opened in November 2022, Esperanza at Duarte Station is a five-tale community with a total of 344 studio, one-, two-, and three-bedroom apartments ranging from 514 to 1,090 square feet with 56 different floorplans. It is located on a 4.3-acre property at the intersection of Highland Avenue and Fasana Road.
Esperanza is highlighted with rooftop amenities offering dramatic views of the San Gabriel mountains, including a resort-style pool and spa; an indoor/outdoor Casita with a living room lounge, fireplace, open dining room, and entertainers-style kitchen; a landscaped roof deck with poolside cabanas, outdoor TVs with entertainers’ bar, grilling stations, fire pit and lounge area; and a rooftop gym with free weights, cardio and HIIT zones, and outdoor yoga. The community’s first-level amenities include a co-working area with open seating, a cantina with lounge and counter seating with direct access to Food Truck Alley, and the well loved “Casa de Perro” with an interior pet wash and dry station as well as an exterior dog park with seating.
Esperanza is within walking distance of the Duarte/City of Hope Metro Gold Line commuter train station, and the world-renowned City of Hope, a 120-acre comprehensive cancer treatment center and major area employer. The train and freeway access eases transit to nearby Los Angeles, Pasadena and other Southern California business and entertainment destinations.

Powered by WPeMatico

TEMPE, AZ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced that go-ins are underway at Modera Rio Salado, a contemporary mixed-use community in the Tempe Town Lake neighborhood.
The podium-style community, which features 319 homes and 3,500 square feet of retail space, is positioned directly across from 225-acre Tempe Town Lake, the Tempe Center for the Arts and the Tempe THOUGHT Biotech campus. Positioned just south of Loop 202 on the north end of Tempe, the location provides prime connectivity to Arizona State University, 25 acres of Tempe Beach Park, 12 million square feet of office space, high-end retail and a variety of dining options.
“We’re excited to welcome our first residents to Modera Rio Salado, a premier community bringing new multifamily living to this dynamic corridor,” said Tyler Wilson, senior managing director of development in the Southwest region for Mill Creek. “Like the area itself, the community is bike-friendly and will enable residents to easily connect to local attractions and everything within the east Phoenix area. We’re keen to provide a standout residential option and offer a resort-style living experience.”
Situated at 835 W. Rio Salado Parkway, Modera Rio Salado features three amenity decks and more than 14,000 square feet of interior amenity space. The community has a superb Bike Score of 95, considered a “biker’s paradise,” and is within walking distance of Tempe Beach Park. Numerous additional recreational outlets are within a quick commute of the community, including The Yard at Farmer Arts District. Additionally, the Loop 202 corridor will provide residents with simple access to the city’s vast array of additional entertainment and employment centers.
Modera Rio Salado offers one-, two- and three-bedroom homes with select den and townhome layouts. Community amenities include an outdoor swimming pool, outdoor kitchen/bar and grill areas, landscaped courtyards, coworking spaces with private workstations, clubroom with gaming tables, media and lounge room, state-of-the-art fitness center, yoga/Pilates studio and a hotel-inspired lobby with double-height ceilings, seating areas and fireplace lounge. The community also features an outdoor pet park, complimentary high-speed WiFi in common areas, bike repair station, dedicated bike storage area, additional storage, digital package lockers and controlled-access parking garage with EV-charging stations.
Homes include oversized windows with roller shades, stainless steel appliances, quartz countertops, tile backsplashes, wood-style plank flooring, custom soft-close cabinetry, pull-down faucets, in-home washers and dryers, spacious bedrooms with large closets and a variety of smart home features, including smart thermostats, keyless entry and controlled-access guest technology. Select homes offer 10-foot ceilings, kitchen islands, breakfast bars and private patios or balconies. Designer bathrooms include double vanities, tile flooring, linen closets and tile tub/shower surrounds.

Powered by WPeMatico