SAN MARCOS, CA – Affirmed Housing, a leading provider of affordable and supportive housing throughout California, announced that construction has commenced on Estrella, an approximately 79,510-square-foot, affordable housing development serving families in need in the City of San Marcos. The complex will provide 96 apartments to low income families earning between 30 and 80 percent of the area median income (AMI).
Estrella is a win for the City of San Marcos and its citizens, said San Marcos Mayor Rebecca Jones. Between Estrella and the adjacent Alora development and working with outstanding community partners to help ensure smooth project delivery, we are adding nearly 200 units for working families and low-income residents – and all within walking distance of many public services, stores and other businesses. What s excellent for our more vulnerable residents is also excellent for the whole of San Marcos.
Estrella will be comprised of four residential buildings, each with a shared laundry facility, with a mixture of one-, two- and three-bedroom apartments. Two three-bedroom units are reserved for Estrella s on-site property managers. A separate community building provides residents access to several shared amenities, including a kitchenette, computer room, barbecue area and bicycle parking. Four tot lots and a teen recreation area will also be incorporated on the site. The development s sustainable design will feature the latest energy-saving and water-wise technologies and best practices.
Once complete, this new housing development will contribute to families living well in North County. Twenty-five of the homes here will be set aside for extremely low-income families, said County of San Diego s Housing and Community Development Services Director David Estrella. Housing is health, and as the County s Health and Human Services Agency, we rely on strong partnerships to build healthy communities, and that s what we have here today with the City of San Marcos, Affirmed Housing, and so many other supportive partners.
A total of 171 parking spaces will be available, including eight that will be EV ready. All of Estrella s tenants will also have access to complimentary, on-site services intended to support families in need, including computer training and resume building resources and programs dedicated to health and wellness, financial literacy and parenting. A service coordinator will be present to organize and plot community-building activities, such as holiday events, for residents.
In addition to the conveniences and comfort Estrella will provide its occupants, the site is located in close proximity to several off-site resources that enhance seamless livability. Within walking distance are grocery stores, a pharmacy, a neighborhood library, public parks and access to public transportation. A middle school sits adjacent to the complex.
Housing and care are fundamental elements to maintaining the health and wellness of the region, and Estrella is a demonstration of the city and county s investment in its people, said Jimmy Silverwood, president for Affirmed Housing. Estrella provides affordable housing, infrastructure and recreational facilities to enhance the lives of hard-working families and individuals, as well as the broader community. We re proud to work with partners who share our vision of ensuring housing for all people.
Estrella follows the development of Alora, a separate, Affirmed Housing-produced affordable community currently under construction next door to Estrella. To boost the region s critically needed housing supply, Affirmed Housing demolished an existing 70-unit development on the property (formerly Mariposa) and recorded a new parcel map to make way for both projects. The redevelopment will result in a net gain of 66 new affordable apartments at Estrella and 60 new affordable apartments at Alora.
Affirmed Housing s development partners for Estrella include the City of San Marcos, the County of San Diego, WNC, Banner Bank, DAHLIN Group Architecture Plotting, Masson and Associates, and form/work Landscape Architecture.

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MIAMI, FL – 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 Aventura, a contemporary mixed-use apartment community in the emerging Ojus neighborhood of northeast Miami-Dade County.
The community, which will feature 420 apartment homes and 6,400 square feet of ground-floor retail, sits adjacent to booming Aventura, a plotted suburban city along the Intracoastal Waterway approximately 15 miles north of Downtown Miami. First go-ins are anticipated for summer 2025 with a second phase in the plotting stages.
“Aventura has received international acclaim as a premier living destination with a multitude of shopping and entertainment opportunities,” said Andrea Rowe, senior managing director of development in South Florida for Mill Creek. “We are extremely excited to get started on this community, particularly given the shortage of land available for new development in the immediate area and the booming South Florida market, in general. We are keen to help address the growing need for quality housing in the area and look forward to delivering a top-of-market experience.”
Situated at 2681 NE 191st Street, Modera Aventura is located between Biscayne Boulevard and the West Dixie Highway in a former industrial area amidst a vibrant revitalization. The community, which features a superb Walk Score of 89, is a few blocks south of a new Brightline train station and within a small drive of Interstate 95, the gateway to the greater metropolitan area.
Modera Aventura, which will be built to NGBS silver certification standards, will feature studio, one-, two- and three-bedroom homes with select den layouts and an average home size of 951 square feet. Community amenities will include a swimming pool, grilling areas, outdoor kitchen, landscaped courtyards, resident clubhouse, pool table, community-wide WiFi, coworking spaces, private workspaces, conference room, onsite dog park and a club-quality fitness center with cardio equipment and group fitness area. Residents will also have access to valet dry cleaning, dedicated bike storage, a bike repair station, digital package lockers, controlled-access garage parking and EV charging stations.
Apartment homes will be delivered with a variety of sophisticated features, including nine- and 10-foot ceilings, wood plank-style flooring, Energy Star stainless steel appliances, quartz countertops, tile backsplashes, 42-inch custom cabinetry, smart thermostats, built-in bars, full-size washers and dryers, mobile-app entry and large private terraces. Bathrooms will feature soaking tubs, tile tub/shower surrounds, double vanities and linen closets.
Modera Aventura will mark Mill Creek’s 10th development community within Miami and 16th in the South Florida market.

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KNOXVILLE, TN – MZ Capital Partners, expanding its Knoxville Tennessee asset footprint, has announced the buy of the Residences at Devanshire, an 87 single family home rental community.
Knoxville is one of the best rental real estate investment markets in the nation. Occupancy in the Knoxville market has ranged from 95% to 98% over the past five years. Over the last year, occupancy levels have exceeded 97%. The Knoxville occupancy rate ranked #1 among the 66 key South region markets and #9 among the top 150 markets nationally.
Located in the West Knoxville sub-market, the 87 Single Family Homes, built in 2006, feature 3 bedrooms and 2 full baths with back porches or patios, attached garage parking, and private back yards with mountain range views.
The acquisition provides a unique opportunity for increased cash flow and appreciation in value through more efficient institutional quality management and a value-add renovation and repositioning program.
MZ Capital Partners, headquartered in Northbrook, Illinois is a demographically driven real estate investment firm with a specialty niche in multifamily assets throughout the United States.

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