ORLANDO, FL – Affiliates of Harbor Group International (“HGI”), a privately owned international real estate investment and management firm, and The Altman Companies announced the joint venture for the ground-up development of Altis Twin Lakes, a 346-unit luxury multifamily community in Orlando, Florida. HGI will contribute 85% of the required common equity for the development, with an approximate development cost of $104.5 million. Construction is expected to start in June 2023 and to be completed in two years.
Altis Twin Lakes will be located approximately 20 miles south of downtown Orlando. Proximate to US-441 (Orange Blossom Trail), Osceola Parkway and Florida’s Turnpike, the community will offer residents convenient access to Orlando’s major employment, retail and entertainment hubs, including two major technology-focused mixed-use communities, NeoCity and Lake Nona.
“As economic headwinds continue to impact the market, we see an opportunity to collaborate with experienced development partners with local market knowledge to do on attractive investment opportunities,” said Richard Litton, President, HGI. “We look forward to partnering with The Altman Companies to capitalize on Orlando’s strong in-migration trends and provide well-located housing that offers access to employment opportunities and lifestyle drivers.”
“Harbor Group International is a leading global real estate investment and management firm,” said Seth Wise, CEO of The Altman Companies and President of BBX Capital Real Estate. “We are excited to partner with such an esteemed group to bring another dynamic multifamily community to Orlando.”
Altis Twin Lakes will consist of 13 three- and four-tale residential buildings comprising of one-, two- and three-bedroom units with an average size of over 1,000 square feet. Unit interiors will include quartz countertops, stainless steel appliances, designer cabinets, LED fixtures, private balconies and patios, in-unit washers and dryers and smart home features.
The property will also feature a desirable amenities package, including a resort-style pool with cabanas and grilling stations, a clubhouse, coworking spaces, game rooms, a state-of-the-art fitness center, a yoga studio and a coffee bar.
HGI continues to be an active investor in Florida, last year acquiring five Miami based multifamily assets, including ParkLine Miami, two luxury apartment towers in Downtown Miami and Oak Enclave, a newly developed, 420-unit, mid-rise multifamily community in Miami Gardens.

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BILLINGS, MT – Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, announced its acquisition of South Forty Apartments and its plans to renovate the property, helping to preserve high-quality, affordable units for Yellowstone County seniors. The transaction is a joint venture with Fairview Housing Partners, a national nonprofit affordable housing organization.
“We’re thrilled to grow our housing portfolio with our first acquisition in Montana, and we look forward to deepening our investment in the state over the coming years,” said LAC CEO Jeremy Bronfman. “LAC is grateful to Vitus for its stewardship of the property and its partnership to ensure long-term affordability at South Forty Apartments. We are especially excited to close our first joint venture with Fairview Housing Partners and look forward to working together to provide vital services and resources for our residents.”
Under the terms of LAC’s acquisition, 101 units will be restricted for seniors at or below 60 percent of area median income (AMI). The property will also be covered by a Housing Help Payment contract for 100 percent of its units.
“This deal will preserve access to high-quality homes for lower-income seniors who face unique challenges in finding affordable housing across the country,” said Fairview Executive Director Thom Amdur. “We thank LAC for their partnership and are proud to play a vital role in supporting seniors in Yellowstone County.”
Originally built in 1987, South Forty Apartments offers amenities including an arts and crafts area, library, fitness center, and a picnic area. The acquisition and rehabilitation was financed through a 223(f) loan with PGIM and an equity investment and bridge loan through PNC.

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ATLANTA, GA – Wood Partners, a leading national multifamily real estate developer, has begun the wood framing stage of The Beverly by Alta, the company’s newest luxury community located in Atlanta, Ga. With construction on the property currently underway, the community is set to officially open in early 2024 with pre-leasing set to start at the end of 2023.
Located at 3314 Piedmont Road in Atlanta’s highly sought after Buckhead neighborhood, The Beverly by Alta is the perfect residential community for young professionals, placing them within minutes of the city’s main interstates. The community’s prime location offers direct routes to all areas of the city, as well as many of the area’s top employers including Salesforce, Atlanta Tech Village, Coca-Cola, Google and more. Residents will also have access to several major dining and entertainment areas, including Buckhead Village District, Lenox Square Mall and Phipps Plaza, as well as well loved outdoor attractions such as Chastain Park, Fetch Dog Park, Bobby Jones Golf Course, and the PATH400 greenway trail with four access points throughout the heart of Buckhead.
“Wood Partners is excited to announce The Beverly by Alta, a new community designed for residents to experience luxurious and comfortable living in the center of one of Atlanta’s most in demand neighborhoods,” said Bennett Sands, Managing Director at Wood Partners. “As an Atlanta-based organization, we are thrilled to continue expanding our footprint right in our back yard while contributing to the on-going boom in growth and development taking place throughout the city.”
Once complete, The Beverly by Alta will offer 291 apartment homes comprised of studio, one-, two- and three-bedroom layouts with custom-designed floorplans. Designed with a modern, luxurious feel in mind, residents will be welcomed home to light-filled, open floorplans, warm tones and sleek features. Each home will also boast an array of high-end finishes including luxurious kitchens featuring stainless steel Whirlpool appliances, quartz countertops and designer tile backsplash, as well as full size in-unit washer and dryer sets, spacious balconies and wood-style flooring in the main living spaces.
Outside their homes, residents of The Beverly by Alta will also be able to take advantage of the community’s best-in-class amenities, including a resort-style pool featuring cabanas and lounge chairs, outdoor pavilions, outdoor yoga deck, outdoor coworking space, grilling stations and outdoor fire pits, pool lounge, library, poker room, golf simulator, and an on-site dog park and wash area. Inside the clubhouse, residents will have access to a 24-hour fitness center and yoga studio, rentable private day offices and a TV lounge.

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