DALLAS, TX – Welker Properties, a vertically integrated multifamily real estate development company, announced the $95 million development of Wolf Creek Farms Melissa Build-to-Rent (BTR), which will bring 343 Class-A units to Collin County. The project establishes Welker Properties as a leader in BTR across Dallas-Fort Worth.
While many key players in real estate are hesitant in today’s macroeconomic environment, Welker Properties is leveraging the caution of others and doubling down on their resources to build and provide much needed housing options for residents.
The gated community is strategically located between I-75 and Sam Rayburn Tollway and will bring together all the best aspects of single-family homes with detached units that have their own private yards, along with the flexibility, amenities, and maintenance free living that comes with living at a Class-A apartment.
“In the past 10 years, Dallas-Fort Worth’s population has increased by more than 20%, making an increased need for housing,” said Andrew Welker, Founder and CEO of Welker Properties. “This project is designed with best-in-class specialists to make a community that optimizes resident satisfaction across generations.”
Wolf Creek Farms’ first-class community amenities include a resort-style pool, dog park, fitness center, resident lounge, multiple open courtyards, Wi-Fi in all common areas and units, and controlled property access. Units will range from one and two car garages to cottage-style homes with the option to rent a detached garage.
Highly rated public schools and abundant retail and services, including McKinney Town Square, The Star in Frisco, and The Shops at Legacy are within simple reach of the community.
“Luxury BTR communities are emerging throughout the United States, especially in the Sunbelt markets. As these areas increase in popularity, we are proud to prioritize BTR communities that provide residents with high-quality living and the opportunity to experience everything Melissa has to offer without the long-term commitment of homeownership,” added Welker.

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WILLIAMSBURG, VA -Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, announced it has reached financial close on a public-private partnership (P3) project to deliver new on-campus student housing at William & Mary.
Construction on the over-$240 million project is scheduled to commence in July in anticipation of an opening in Fall 2025. The project construction team includes both Balfour Beatty Buildings division and Kjellstrom+Lee, based out of Richmond, Virginia.
We are delighted to work with William & Mary on this exciting renewal of on-campus housing, said Amy Aponte, vice president, Balfour Beatty Campus Solutions and William & Mary alumnus 94, 96. William & Mary s leadership has been clear-eyed about the needs of their students and their goals for a more sustainable future. We hope these new communities embody the authentic William & Mary experience and that they house not only students, but also the rich diversity of thought, traditions, culture and best of what is to come for this esteemed university.
The project supports William & Mary s Vision 2026 plot, which features a housing and dining master plot to position the university to meet future strategic needs. Over the course of ten years, William & Mary will renovate or replace 80% of its housing system in a complete transformation of the on-campus residential experience.
This first phase will deliver new housing for 935 students at West Woods on the west campus, as well as housing for 269 students in a new facility adjacent to Lemon and Hardy Halls along Jamestown Road. The new residence halls, configured into modern living units and community spaces, will be conditioned using geothermal heating and air conditioning, in support of William & Mary s Climate Action Roadmap, which calls for a carbon-neutral campus by 2030. As part of the project, fossil-fuel-dependent systems in Lemon and Hardy Halls will also be transitioned to geothermal energy.
On the West Woods site, a new ~50,000 GSF dining facility will become the signature eatery on campus, offering patrons a serene dining experience nestled in the wooded site.
Balfour Beatty is the perfect partner for this complete revitalization of the campus experience, said Jackie Ferree, William & Mary s interim chief operating officer. Together we can accomplish something that neither of us could do on our own, and that promises to benefit generations of William & Mary students.
Ginger Ambler 88, Ph.D. 06, vice president for Student Affairs, agreed. This project reflects our steadfast commitment to meeting the needs of students today and of generations to come, she said. At each step, Balfour Beatty has understood the importance of keeping students at the center of this ambitious project, designing gorgeous, innovative spaces that allow them to thrive in community with one another. We are thrilled to be in partnership with them.
The project was designed by VDMO Architects in collaboration with CMTA and William & Mary leadership. Provident Resources Group (Williamsburg Properties LLC), is the project s residential facility owner through an issuance of project-based, tax-exempt debt financing. Upon completion, the housing community will be managed by the university.

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JACKSONVILLE, FL – FCP announces the $33.25 million acquisition of Water’s Edge Apartments at 800 Broward Road in Jacksonville, FL through a joint venture with Springer Capital. The 404-unit apartment community was built in 1974 and consists of one-, two-, and three-bedroom units in a tranquil, waterfront setting. Water’s Edge marks FCP’s second acquisition in Jacksonville and its second partnership with Springer Capital.
FCP has closed its second Florida acquisition in two weeks, following the company’s investment in Avana Cypress Creekin North Lauderdale, FL.
“We are pleased to be building on our existing relationship with Springer Capital,” said FCP’s Bruce Gago, who heads the firm’s Florida office. “FCP is excited to expand its Jacksonville footprint with Water’s Edge. We intend to substantially enhance the property through significant capital investments, including curing existing deferred maintenance and enhancing amenities and the resident experience.” The venture has retained Cushman & Wakefield to manage Water’s Edge.
Water’s Edge residents benefit from immediate access to I-95 and are just five minutes from the I-295 Jacksonville beltway. The community is proximate to Jacksonville International Airport, UF Health North Hospital, and various shops and amenities at River City Marketplace. Community amenities include two pools, a playground, and sand volleyball court, and select units with large patios and balconies, river views, and fireplaces.

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