RALEIGH, NC – Preiss, a leading national student housing and multifamily owner, developer, and operator, in partnership with boutique real estate investment and development firm FD Stonewater, announced its latest residential developments: Signature at Varsity in Raleigh, North Carolina, and Signature on Grand in Knoxville, Tennessee. Both properties are slated for delivery in Fall 2027, bringing a combined 1,207 beds of high-end, purpose-built student housing to two of the nation’s most prominent university markets.
Signature at Varsity | Raleigh, NC: Located at 1400 Crest Road, Signature at Varsity boasts an unmatched, flagship location directly across from NC State’s Greek Village. This 679-bed development is designed to be the premier residential hub for the university’s Greek Life and student leaders, offering a blend of high-energy social spaces and wellness-focused amenities just steps from campus. Residents will delight in a rooftop pool and poolside jumbotron, a two-tale fitness center, and expansive courtyard spaces. Additional highlights include a putting green, collaborative lounge spaces, and a first-in-the-market Lenovo Esports gaming lounge.
Signature on Grand | Knoxville, TN: Signature on Grand, located at 1727 Grand Avenue, offers an off-campus residential retreat nestled in the Fort Sanders neighborhood. The 528-bed development provides students with simple access to the University of Tennessee Knoxville (UTK), while offering welcome relief from the frequently congested Cumberland Avenue corridor. Its unmatched location will allow residents to delight in a neighborhood setting without sacrificing accessibility to campus. The property will feature a courtyard pool with poolside jumbotron, a two-tale fitness center, and outdoor TV lounge areas. To support an active and balanced student lifestyle, the community will also feature dedicated study spaces as well as a bike and e-scooter storage facility.
Elevated, Tech-Forward Living: Both Signature properties are thoughtfully designed for the modern student, offering a wide range of options including studio, 1-, 2-, 3-, 4-, and 5-bedroom floor plans. Every unit comes fully furnished with a premium furniture package and elevated finishes, such as hardwood-style flooring throughout, granite countertops, stainless steel appliances, and LED vanities. Select floor plans at both locations will also feature private patios or balconies, walk-in closets, and glass shower enclosures.
The living experience is bolstered by a tech-forward smart-home infrastructure designed for both convenience and sustainability. Residents will benefit from mobile-wallet integrated smart locks that allow for seamless, keyless entry to both individual units and bedrooms. This high-tech experience is further supported by smart thermostats and direct fiber-to-unit internet connectivity delivering ultra-quick speeds of up to 1 Gbps.
Beyond the individual units, the communities support eco-conscious living through advanced leak detection systems and on-site EV charging stations. Community areas will be further enhanced by innovative partnerships, including Living Plant Walls powered by Miravel and Intelligent Vending powered by Tulu, providing residents with on-demand access to household essentials and equipment rentals.
“As a company rooted in Raleigh, we are especially proud to deepen our presence near NC State while simultaneously expanding our footprint at UT Knoxville,” said Jeff Bartholomew, Executive Vice President of Development and Construction Services at Preiss. “Raleigh and Knoxville are two of the most dynamic university markets in the country, and we believe Signature at Varsity and Signature on Grand will meet the growing demand for premier, walkable, and tech-forward off campus housing options.”

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CHARLOTTE, NC – Ginkgo Residential announced that it has bought Edgewater Village, a multifamily community located in Greensboro, North Carolina. The acquisition further expands Ginkgo s presence in the Carolinas and marks a significant milestone for the company, which now exceeds 10,000 workforce housing units managed across North and South Carolina.
Strategically positioned in one of North Carolina s established growth corridors, Edgewater Village offers a compelling opportunity to preserve and enhance attainable housing through Ginkgo s proven value-add platform. The company plans to invest in unit interior upgrades, community enhancements, operational efficiencies, and sustainability-focused improvements designed to elevate the resident experience while maintaining affordability.
We continue to see attractive opportunities in the Carolinas where strong demographics and limited affordable housing supply support long-term demand, said Eric Stamp, CFO at Ginkgo REIT.
Surpassing 10,000 units is an vital milestone for our team, and Edgewater Village reflects the type of disciplined investment opportunity we believe can drive long-term growth, said Bill Green, Co-CEO and Principal of Ginkgo Residential.
To help fuel its expanding acquisition pipeline, Ginkgo recently launched Ginkgo GP Fund II, a closed-end investment vehicle seeded with Edgewater Village. The fund completed its first closing in April 2026, with the next closing expected in Fall 2026.
The Investment was anchored by Banyan Street Real Estate Funds, LLC ( BSREF ) together with high-net-worth investors investing in a side-car capacity.
Ginkgo Residential is a leading provider of attainable, eco-friendly apartment communities across North and South Carolina. The firm specializes in acquiring, renovating, and managing high-quality housing while maintaining affordability.

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PARAMUS, NJ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Garden State Plaza, a contemporary mixed-use community located within the emerging Westfield Garden State Plaza town center in Bergen County.
Modera Garden State Plaza, which will feature 575 homes in two separately branded residential buildings, includes 48,000 square feet of ground-floor retail space and a refined suite of wellness-themed amenities. The community will serve as a key residential component of the redevelopment of Westfield Garden State Plaza, which is home to an abundance of national retailers, high-end fashion outlets and a variety of dining options. First go-ins are anticipated for mid-2028.
“We are excited to serve as a co-developer of the landmark Modera Garden State Plaza, the first piece of redevelopment at Westfield Garden State Plaza, which is transforming the area into a truly vibrant mixed-use destination,” said Doug Arsham, executive managing director of development for Mill Creek.
Situated at One Garden State Plaza Boulevard, the community will provide direct access to the multifaceted lifestyle options within Westfield Garden State Plaza. The onsite retail space—which includes 48,000 square feet across both buildings—will be composed of curated shops, experiential retail and unique dining options. The community also easily connects to key thoroughfares, including Route 4, Route 17 and the Garden State Parkway, and is less than 10 miles from MetLife Stadium.
“In addition to the vast retail options and residential space, the newly constructed green spaces and enhanced connectivity options to the mall make the area even more compelling for residents and visitors alike,” said Chris Holliday, vice president of development in New Jersey for Mill Creek. “We look forward to working on this genuinely unique community.”
Modera Garden State Plaza will offer studio, one- and two-bedroom homes with select den layouts and private patios or balconies. Community amenities will include a rooftop deck, resort-style swimming pool, sauna, outdoor kitchen and dining space, grilling areas, fire pits, landscaped courtyards, resident clubhouse, coffee bar, game room, pool table and a club-quality fitness center with cardio equipment and group fitness areas. Residents will also have access to coworking spaces, private workstations, a conference room, digital package lockers, controlled-access garage parking, EV-charging stations, bike storage, bike repair station and additional storage space. The community will be built to, and is pursuing, a LEED Gold Certification.
Home interiors will feature nine-foot ceilings, oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, custom soft-close cabinetry with under-cabinet lighting, movable kitchen islands with storage, large closets and in-home washers and dryers. Smart features will include key fob access, controlled-access guest technology, programmable thermostats, smart leak detection and bulk WiFi. Designer bathrooms will feature double vanities, backlit mirrors, soaking tubs and tile tub/shower surrounds.

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