LAS VEGAS, NV – Waterton, a national real estate investor and operator, has partnered with The NRP Group, a vertically integrated developer, builder, and manager of multifamily housing, to buy an 8.5-acre site on South Las Vegas Boulevard in Las Vegas, NV. The partnership announced the financial close for the development of a 368-unit luxury rental community with construction scheduled to start imminently. The project represents the first partnership between Waterton and The NRP Group as Waterton enhances its traditional value-add strategy with its first large-scale development project.
“We’re excited to be partnering with such an experienced development firm to bring this project to life and further our development strategy,” said Kristi Nootens, senior vice president, development at Waterton. “This project offers an brilliant opportunity to make a luxury rental community in a sunbelt market with relatively limited supply compared to similar markets. The location is proximate to a variety of employment opportunities in a growing submarket where the costs of homeownership far exceed the costs of renting.”
The South Valley rental community will consist of two four-tale, elevator-serviced multifamily buildings offering studio, one-, two, and three-bedroom floorplans with select one-bedrooms also featuring a den. Residences will include quartz countertops, subway tile backsplashes and stainless-steel appliances in the kitchens, with luxury vinyl plank flooring throughout. The resort-style amenity package will include an outdoor pool, two courtyards, and outdoor seating areas with firepits and grilling stations. A well-appointed club lounge, co-working space and conference room round out the amenity offerings plotted at the community.
“Partnering with Waterton has enabled us to bring high-quality housing to one of the nation’s fastest-growing regions,” said The NRP Group Vice President of Development Mike Moriarty. “As our first collaboration together, this project reflects our shared vision for making a vibrant, thoughtfully designed community that meets the needs of today’s South Enterprise residents. With a prime location near major employment hubs, retail and entertainment, it offers residents a lifestyle that combines convenience and luxury living.”
Situated just 15 minutes south of the Las Vegas strip, the location will offer residents convenient access to diverse employment options including the new 1.2 million-square-foot Haas Automation headquarters and manufacturing center, Levi Strauss & Co.’s regional office and distribution center, and the NFL’s Las Vegas Raiders headquarters and practice facility. The recent opening of the 150-bed West Henderson Hospital brought an estimated 750 jobs to the area and plans for future expansion are expected to further contribute to economic growth and development in the area. Brightline West, a high-speed rail linking Las Vegas to Southern California with an estimated two-hour travel time, is expected to be complete in 2028 and will be a 10-minute drive from the property.
Waterton and The NRP Group are providing equity commitments while CIBC is providing a senior loan. The NRP Group will serve as general contractor and provide property management services. Delivery of the first residences is estimated for mid-year 2027 with completion targeted for early 2028.

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HOUSTON, TX – Venterra Realty announced the completion and official grand opening of Camber Ridge at Cross Creek Ranch, a newly developed 312-unit luxury multifamily community strategically located at 5900 Texas Heritage Parkway in Fulshear, Texas. Designed for residents seeking comfort, convenience, and modern amenities, Camber Ridge delivers a new standard of apartment living in the rapidly growing Fulshear area.
Camber Ridge responds to the rising demand for high quality housing fueled by Fulshear’s rapid growth, top-ranked schools, and access to major employers. Approximately 30 miles west of downtown Houston, Fulshear sits in Fort Bend County, known for its scenic beauty along the Brazos River and a lifestyle that balances small-town warmth with metropolitan access. Fulshear is served by highly rated schools in the Katy Independent School District and the Lamar Consolidated School District and offers access to nearby dining, shopping, and entertainment within the Cross Creek Ranch master-plotted community.
“Camber Ridge represents the kind of thoughtful, forward-looking development that defines Venterra’s approach to growth,” said John Foresi, CEO of Venterra Realty. “We’re focused on making communities that reflect where residents want to live today and where markets are headed tomorrow. Fulshear’s incredible momentum, paired with the quality of life offered at Cross Creek Ranch, makes this a particularly exciting addition to our portfolio.”
The community features upscale one- and two-bedroom apartment homes with quartz countertops, stainless steel appliances, luxury vinyl flooring, large kitchen islands, garden tubs, stand-up showers, and full-size washer/dryers. Residents benefit from resort-style amenities including a resort-style pool and outdoor lounge, coworking spaces, a fitness center with yoga room, 2 dog parks, pet spa, and SMARTPACKAGE lockers. The community is pet-friendly and supported by Venterra’s signature SMARTHUB technology platform and 48-hour maintenance guarantee.
A defining feature of the community is its exclusive Silent Building. Beyond our usual attention to sound insulating construction, this building is intentionally designed to further minimize noise and promote well-being, through enhanced sound-dampening construction and mindful design. The 48 silent apartments offer a restorative environment ideal for residents who value focus, cool and comfort.
“Camber Ridge at Cross Creek Ranch was built with intention—combining quality craftsmanship, meaningful amenities, and an atmosphere that feels like home from day one,” said Andrew Stewart, Chairman of Venterra Realty. “This community expands our Houston presence while reinforcing our mission to make high-quality, exceptional living environments in locations where residents can truly thrive.”

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CONROE, TX – Halstatt Real Estate Partners, a real estate private equity firm, announced the acquisition of The Fountains of Conroe, a 270-unit multifamily community located in Conroe, Texas. Halstatt bought the property in partnership with Expedition Capital Advisors ( ExCap ), a Dallas-based multifamily investment firm.
Conroe s proximity to Houston s thriving energy sector and the Port of Houston, coupled with its location adjacent to the highly desirable Woodlands master-plotted community, makes this a particularly compelling opportunity, said Steven Iannaccone, managing principal at Halstatt Real Estate Partners. We are pleased to partner with ExCap to reposition this 2008-vintage property, which benefits from significant barriers to entry for new development. Though the community is in solid condition and a prime location, we see room to upgrade the interiors and amenities to enhance its competitiveness and capture additional rent growth.
Following the acquisition, the partnership will launch a comprehensive value-add strategy aimed at elevating the property to the top of its competitive set while maintaining rental levels below new Class A properties. Plotted improvements include selective renovation of the property s units from their original condition, reconfiguring and modernizing the clubhouse, and completing exterior enhancements such as repainting, roof replacements, and general site upgrades.
Halstatt Real Estate Partners identifies value-add and opportunistic real estate projects throughout Florida, Texas and the Southeast, partnering with experienced sponsors to implement strategic business and capital improvement plans. In this investment, Halstatt will collaborate with ExCap, a firm with deep local expertise and operational presence, having owned and asset-managed nearly 7,000 apartment units across Arizona, North Carolina, and Texas, including more than 1,400 units within the Houston metropolitan area.

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