The NRP Group and Rockefeller Group Start Lease-Up of 342-Unit Miraluna Apartment Community in South Las Vegas Market

LAS VEGAS, NV – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, and Rockefeller Group, a national developer, announced that pre-leasing is underway for Miraluna, a 342-unit Class A apartment community in south Las Vegas. Adjacent to the Southern Highlands Master-Plotted Community, the resort-inspired development is now accepting applications, with initial go-ins beginning in March 2026. Miraluna, formerly known as Silverado, marks The NRP Group s entry into the Las Vegas market and the continuation of Rockefeller Group s growth in Nevada.
Miraluna features a curated collection of one-, two-, and three-bedroom residences, designed with contemporary finishes and versatile layouts to complement diverse lifestyles. Residents will delight in an array of indoor and outdoor amenities that promote wellness, walkability and social connection. This distinctive blend of comfort and sophistication positions Miraluna as a premier destination for high-end, resort-inspired living in Enterprise.
We are excited to bring Miraluna to life as Rockefeller Group s first Las Vegas community in such a desirable and vibrant location, said J.P. Harlow, Managing Director for Rockefeller Group in the West Region.
From the architecture to the shared spaces, the community was designed to offer residents a lifestyle that feels both luxurious and welcoming. Miraluna adds a new option for renters who want modern interiors, resort style amenities with all the latest wellness offerings and access to the best of Las Vegas, added Matt Bruns, Director for Rockefeller Group.
Situated on a 13-acre site, Miraluna features 15 three-tale, garden-style residential buildings totaling 342 units. Its locally inspired architecture, designed by Las Vegas-based Perlman Architects, incorporates stone and metal accents that distinguish the community from traditional stucco-style properties in the area.
Miraluna is located in the town of Enterprise, offering residents proximity to major job corridors, retail centers and landmarks including the Las Vegas Strip, Allegiant Stadium and Harry Reid International Airport, all within a seven-mile radius. The community is also a small distance to both Henderson and Summerlin.
Enterprise continues to attract renters seeking premium housing near major employment centers and lifestyle destinations, said Chris O Neill, Executive Vice President of Development at The NRP Group. Miraluna responds to that demand by delivering thoughtfully designed homes with modern interiors and a robust amenity program that enhances the everyday resident experience.
Miraluna will feature a 7,000-square-foot clubhouse with a social and sports lounge, communal kitchen, fitness center with a yoga room, and a coworking space with offices and meeting rooms designed for remote professionals and students. Outdoors, residents can delight in a resort-style pool with cabanas, pickleball and bocce courts, dining and grilling areas, a sauna, yoga lawn, fire pit, and dog park.
Residential interiors feature quartz countertops, stainless steel appliances, upgraded cabinetry and LED backlit bathroom mirrors. The community offers detached garages, carports and extra storage space for residence, and select apartments include balconies and private yards.
Las Vegas is a priority market for The NRP Group. In 2025, the firm broke ground on nearly 1,200 units across four developments throughout the city, spanning luxury, market-rate and affordable housing. The NRP Group has developed more than 62,000 apartment homes since 1994 and currently manages over 30,000 residential units across the U.S.
Rockefeller Group is a diversified development company focused on multifamily, office and industrial real estate nationally. The company has been active in Nevada since 2022 and has developed more than 650,000 square feet of premier logistics real estate in the Las Vegas area. The company was founded in 1928 for the development of New York s Rockefeller Center, and over the past decade has completed more than 3,000 luxury residential rentals and condominiums across the U.S., with nearly 4,000 multifamily units in various stages of construction or plotting.
Construction of Miraluna started in December 2024, with final completion slated for Q1 2027. Pre-leasing is actively underway, with initial go-ins commencing in March 2026.

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Knightvest Capital Expands Florida Presence with Acquisition of 230-Unit Heritage Estates Apartment Community in East Orlando Corridor

ORLANDO, FL – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Heritage Estates community in Orlando, FL. This successful close represents the 15th investment in Knightvest’s Fund II, and the third acquisition in Orlando in six months, bringing the total units owned in the market to 1,535 units.
Built in 2003, the 230-unit apartment community is located in the quick-growing corridor of East Orlando with close proximity to major employment hubs such as Lockheed Martin, the University of Central Florida, Orlando International Airport, and Lake Nona. Knightvest will implement a comprehensive renovation program with plotted improvements to unit interiors, the property’s exterior, and the common areas, including a 9,000 square-foot clubhouse and fitness center. As part of the renovation efforts, Knightvest has renamed the community to The Palmer.
“With The Palmer, we’re expanding our presence in a region where we’ve seen strong performance,” said David Moore, Knightvest founder and CEO. “The community’s spacious floorplans, high-quality construction, and proximity to major employment hubs make it a compelling addition to our portfolio. This acquisition reflects our deep-market strategy, focusing on fewer, more concentrated markets where we can build scale and local expertise that directly benefits performance.”
With three acquisitions in six months, Knightvest has established meaningful scale in Orlando since entering the market in 2022. The firm’s growing presence positions it to operate with greater efficiency and local insight as it continues to pursue opportunities across one of the fastest growing regions in terms of both population and employment.

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Machine Investment Group Acquires Newly Built 227-Unit Rise 120 Apartment Community in Fast-Growing Austin Submarket of Georgetown

AUSTIN, TX – Machine Investment Group (MIG), a real estate investment platform focused on opportunistic, distressed, and special situations across the United States, announced the off-market acquisition of Rise 120, a newly built property consisting of 227 multifamily units and 15,000 square feet of retail located in Georgetown, TX, a highly desirable and quick growing submarket of the Austin MSA.
Rise 120 offers recently completed (Q1 2024) rental apartments within a submarket dense with high-income employment drivers. The property is situated 2 minutes from I-35, providing accessibility to Downtown Austin, Georgetown and Round Rock, and major North Austin employment drivers including Dell, Apple, and the Domain. Georgetown ranked as the fastest growing city in the nation by the U.S. Census Bureau from 2021 through 2023, outpacing the broader Austin MSA for more than 10 years. Austin, as a whole, has demonstrated a track record of attracting a highly educated and affluent population, exceeding every other major U.S. city in growth over the last decade.
The buy of Rise 120 represents an opportunity to buy a high-quality, new construction multifamily asset at 30% below the developer’s basis, driven by a period of capital markets dislocation, as well as a temporary oversupply. MIG plans to accelerate lease-up through a further investment in Rise 120 that will differentiate the property with additional amenities, slated to include a golf simulator, sauna, and cold plunge. Existing amenities include a pool, fitness center, resident lounge, grill area, and dog park. Rise 120 is the only building within its competitive set to contain retail space, and MIG plans to support retail leaseup with tenant improvement allowances. Local market dynamics are expected to drive continued residential rent growth over MIG’s investment period.
“Austin recognized significant overbuilding in the recent commercial cycle, but we believe the multifamily distress is transitory in specific submarkets as the MSA offers some of the strongest medium-to-long term fundamentals in the country,” said Eric Rosenthal, Co-Founder and Managing Partner of Machine Investment Group.
MIG completed the acquisition in partnership with Alta Real Estate Partners, a vertically integrated multifamily investment firm. Walker & Dunlop represented the seller in the transaction.

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