HOUSTON, TX – The trendsetting coliving multifamily project UNITi Montrose is topped out in Houston’s Montrose district. The nine-tale building developed by Civitas Capital Group’s residential development subsidiary The Shelter Companies will soon provide attainable rental housing in one of the most desirable submarkets of Houston. Constructed by general contractor Arch-Con Corporation, UNITi Montrose will be one of the first coliving developments in Houston, offering 161 private rooms within 48 shared suites. This is in addition to 190 traditional studio, one-, and two-bedroom units.
“Our team has spent more than five years researching and learning about coliving communities across the globe,” says Jorge Adler, Civitas’ Vice President, Investments. “For coliving concepts to work in the United States, and in Texas specifically, it is essential to find unique locations that are easily accessible by public transportation, within walking distance to a plethora of amenities, and within a small commute to major employment centers.”
Located at 701 Richmond Ave., UNITi Montrose is within two miles of the largest medical center in the world, downtown Houston, Rice University, the University of St. Thomas and three miles from the University of Houston.
The Shelter Companies is specifically focused on developing attainable forms of housing. They tapped Common, a leading operator of coliving communities in North America, to be the property manager for UNITi Montrose. Based in New York City, Common currently operates more than 5,000 units in 11 major cities. The average age of a Common renter is 29 and 50% are new to the city in which they live.
“Common was formed around the thought of coliving and has perfected every aspect of operating these types of properties,” Adler said. “From the way they market the buildings, to their leasing process, to how they curate community, there is no one better.”
UNITi Montrose will be fully furnished with amenities including routine cleaning services, basic household supplies, in-unit laundry, resident events at the property and larger events at the city level. Common will start preleasing in the second quarter of 2024 and UNITi Montrose is on track to open in the summer of 2024.
UNITi Montrose has 155,901 square feet of multifamily living on a 1.09-acre site. Six floors of multifamily sit on top of a 104,533-square-foot, three-level cast-in-place parking garage. Designed by Meeks Partners, the development includes 10,708 square feet of amenities, balconies, a fourth-floor pool and courtyard, a ninth-floor lounge and roof-top deck with views of downtown, and 3,822 square feet of retail space on the ground floor.

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ATLANTA, GA – GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of ARIUM Vinings Station, a 315-unit community located in Atlanta, GA, which will be rebranded as Windsor Vinings.
Located in the highly coveted Vinings submarket of Atlanta, the community offers direct access to I-285 and Atlanta Road, offering residents a quick commute to Atlanta’s largest employment nodes, including Cumberland/Vinings, Perimeter Center, Buckhead, Midtown/West Midtown, Downtown and Hartsfield International Airport.
The garden-style community also offers a dog park, pool, fitness center, grilling areas, clubhouse, tennis court, and a business center.
GID plans to renovate all classic and partially renovated residences (~60%) with modern finishes, along with updates to the fitness center, pool area, tennis court, dog park, and leasing center, delivering a resident experience that goes beyond the ordinary.
“We look forward to growing our portfolio in the Vinings submarket of Atlanta,” says Greg Bates, CEO, GID. “This property fits with our strategy of acquiring well-located garden-style communities with 9-foot ceilings in supply-constrained, high-growth submarkets.”
GID is a leading real estate investment and management firm that operates a diverse portfolio of multifamily, industrial, and mixed-use developments across the United States. With over 60 years of experience across multiple asset classes, GID is an established real estate private equity investor and fiduciary supported by an integrated operating platform with approximately 54,000 multifamily units and over 25M square feet of industrial and commercial space of assets under management.

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WASHINGTON, DC – The District of Columbia Housing Finance Agency (DCHFA) made its third affordable housing investment of the month with the issuance of $30.5 million in tax exempt bonds and underwrote $20.1 million in federal Low Income Housing Tax Credit equity for the construction of Ontario Place (2400 Ontario Road NW) in Adams Morgan.
The work that Jubilee does is incredible. They transform what was once uninhabitable into fertile ground. stated Christopher E. Donald, Executive Director/CEO, DCHFA at the groundbreaking of Ontario Place. Additional financing for Ontario Place is being provided by the DC Department of Housing and Community Development in the form of $23.8 million loan from the Housing Production Trust Fund.
Ontario Place is a $61.4 development that will offer 52 units, with 26 of them reserved for returning citizens. The returning citizens will be former residents of Jubilee s KEB (adjacent sister property) and participants of Jubilee s existing Supportive Housing programs, or graduates of similar non-profit led reentry programs. Additionally, the 26 set aside units will provide long-term housing options for returning citizens, as well as reunited families.
The new four-tale building will consist of efficiency, one-, two-, and three-bedroom affordable housing units leased to tenants earning up to 50 percent of area median income. Ontario Place will include the first residential aquaponics system in the District. The produce from the aquaponics system will be offered to residents and used in the preparation of free daily meals for KEB residents. Ontario Place is being developed in accordance with Jubilee s Justice Housing model, which focuses on providing affordable housing in high opportunity neighborhoods with nearby services. Jubilee s Justice Housing model focuses on four goals: Housing Stability, High Sense of Community, Financial Security (including Education as a pathway), and Improved Health Outcomes.
Through its Multifamily Lending and Neighborhood Investment and Capital Markets divisions, DCHFA issues tax-exempt mortgage revenue bonds to lower the developers costs of acquiring, constructing and rehabilitating rental housing. The Agency offers private for-profit and non-profit developers low-cost predevelopment, construction and permanent financing that supports the new construction, acquisition, and rehabilitation of affordable rental housing in the District.

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