SAINT PAUL, MN – Tareen Development Partners (TDP) announced the successful acquisition of Afton View Apartments, a 286-unit housing community located in St. Paul, MN. This is TDP’s third affordable housing acquisition in the Twin Cities.
Originally built in 1971, Afton View Apartments has served as an vital housing resource for decades. The property includes 268 units supported by a HUD project-based Section 8 contract, providing stable housing for working families and residents across the community.
TDP plans to perform a substantial rehabilitation of the property utilizing 4% Low-Income Housing Tax Credits (LIHTC) and tax-exempt bond financing later in 2026. These renovations will extend the useful life of much-needed affordable housing and provide significant upgrades to in-unit, common-area, mechanical, and amenity areas.
“The preservation of affordable housing communities like Afton View Apartments is critically vital for the long-term stability of the Twin Cities housing market,” said Dr. Basir Tareen, founder and CEO of TDP. “This project represents a significant reinvestment into the property and reflects our commitment to providing residents with high-quality housing while maintaining long-term affordability.”
This acquisition could not have been possible without TDP’s development partners, Bridgewater Bank, Winthrop & Weinstine, the City of Saint Paul, and Stewart Title Company.
Tareen Development Partners is a mission-driven real estate development firm based in the Twin Cities. The company has built a reputation by specializing in complex, community-centered initiatives, with a focus on market-rate and affordable housing, healthcare facilities, and mixed-use developments. With an experienced team, the firm manages all stages of development, from land acquisition to asset management.

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BOULDER, CO – National multifamily developer Wood Partners and Germany-based capital partner EIG EuroInvestor broke ground on Alta Longmont in Longmont, a suburb outside of Boulder. The 252-unit project is slated to open in spring 2028.
Located above St. Vrain Creek, Alta Longmont offers clear views of the Flatirons and sits just steps from the adjacent greenway, with opportunities for biking, fishing and walking along the creek corridor. Downtown Longmont is also a small bike ride away, providing convenient access to local amenities while maintaining a more private, residential setting.
“Our goal is to deliver projects that not only serve residents, but also add to the character and long-term momentum of the surrounding area,” said Walter Armer, managing director at Wood Partners. “Alta Longmont gives residents a place where they can stay connected to the outdoors while still being close to Main Street, the heart of the city.”
The seven-building, three-tale community features a mix of one-, two- and three-bedroom apartment layouts. Amenities include a resort-style pool and courtyard with mountain views, an outdoor kitchen and grill area, a fitness center, a resident clubhouse, a business center with private conference rooms and a dedicated dog walking area.
“We’re proud to continue our long-standing partnership with Wood Partners to bring much-needed housing to Boulder County,” said Kilian Kagel, managing partner at EIG. “It’s rewarding to be part of a project that contributes to the continued growth of this fantastic community.”
Project partners include Design Balance as the lead architect and Civil Resources as the civil engineer. Additionally, Wood Partners is working with the City on infrastructure improvements in the area, including expanding and repaving Rogers Road, adding sidewalks, underground utility lines and upgrading the sanitary connection.
Last year, Wood Partners broke ground on both Alta Metro Center, a 365-unit project in Aurora, the largest suburb of Denver and the state’s third-largest city, and The Foxley by Alta in Superior, Colorado, a 251-unit community located on one of the last remaining parcels of the Downtown Superior Masterplan.

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NEW YORK, NY – Affiliates of Cantor Fitzgerald Asset Management ( CFAM ), the investment and asset management division of Cantor Fitzgerald, a leading global financial services and real estate services holding group, and RPM Living, one of the nation s premier multifamily property management and investment companies, announced the acquisition of Biscayne Shores from Integra Investments through a joint venture.
Biscayne Shores is a newly constructed, luxury waterfront multifamily community located in North Miami, Florida. The eight-acre property, completed in 2024, was developed by Integra Investments, a Miami-based real estate investment and development firm, in partnership with Andrew Korge of Korgeous Group and David Larson of DCL Capital.
This transaction is the latest successful collaboration between CFAM and RPM Living Investments following acquisitions across key growth markets including Dallas, Denver, Houston, Orlando, and Tampa. Biscayne Shores represents a significant addition to the partners growing portfolio of high-quality assets in dynamic, growth markets. The community features a high-rise multifamily tower and townhome villas in a desirable location that provides access to major employment centers and core lifestyle destinations.
We believe Biscayne Shores is well-positioned to benefit from the favorable demographic trends and strong demand drivers shaping the Miami market, underscoring the long-term appeal of high-quality multifamily assets in the region for institutional investors, said Chris Milner, CIO, Real Assets at CFAM. This acquisition exemplifies our investment strategy of sourcing high-quality multifamily properties in dynamic, growth-oriented markets.
Biscayne Shores sets a new standard for luxury waterfront living in North Miami, said Hank Farrell, CEO of RPM Living Investments. Residents will benefit from thoughtfully curated amenities, modern design and convenient access to all that South Florida has to offer.
The transaction marks the successful sale of Biscayne Shores by Integra Investments and its partners, following the firm s delivery of the project as part of its broader strategy focused on residential and mixed-use developments across South Florida. Terms of the transaction were not told.
We are proud to bring Biscayne Shores to market and deliver a project that reflects the continued growth and demand we are seeing across North Miami, said Nelson Stabile, principal at Integra Investments. We remain bullish on this submarket, and this transaction reflects the strength of the fundamentals driving it.

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