HOUSTON, TX – Venterra Realty recently celebrated the groundbreaking of its multi-family development project in Cypress, Texas.
When fully built out, the site will host a 336-unit community complete with an 8,600 square foot clubhouse, resort-style pool, outdoor lounge, fitness center, package lockers, “WeWork” style workspaces and more, with the first units to be delivered in Q3 of 2022. About 25 miles northwest of downtown Houston, the location of this development offers a vibrant economy, highly rated schools, and proximate access to highways and shopping.
The site is conveniently located near the Grand Parkway and the recently expanded US 290, providing simple access to seven of Houston’s major employment centers including The Woodlands, Energy Corridor, Memorial City, Westchase, Uptown/Galleria, Downtown Houston and the 290/Beltway 8 Industrial area all within a 45-minute drive.
“This strategic development expands Venterra’s footprint in the Houston metroplex, a market where our portfolio has seen proven success. Once delivered, this community will earn an accretive return for our investors and will provide the residents of Cypress with a first-class living experience,” said John Foresi, CEO of Venterra Realty. “With this development, we look forward to welcoming residents to a modern, technologically advanced living community with convenient access to Houston’s abundant dining, shopping and entertainment options,” added Venterra Chairman, Andrew Stewart.
From site selection to completion, Venterra has enlisted industry-leading partners to ensure a first-class level of execution. Finalizing the site acquisition, Venterra worked with Clay Roper from Caldwell Companies who represented Venterra on the land transaction and Nick Welch and Kyle Shaw from Regions Bank for construction financing. The architect for the development is Meeks + Partners. Domain Builders was chosen as the general contractor.
“Partnering with this team of exceptionally experienced companies is part of Venterra’s broader strategy to be a leader in the development of well located, exceptional multi-family housing,” said Neil Simon, Venterra Vice President of Development.

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FREDERICKSBURG, VA – Preferred Apartment Communities announced that it completed the acquisition of The Kingson, a 240-Unit Class A multifamily community in Fredericksburg, Virginia.
Jeff Sherman, the Company s President of Multifamily said, The Kingson offers upscale housing in Fredericksburg, an historic and growing suburb of Washington, D.C. Mr. Sherman continued, The Kingson had a rapid lease-up and will continue to benefit from its immediate location nearby quality grocery and retail operators like Publix, Target and Starbucks. It is also located within minutes of a 133-bed regional hospital and within a small commute to the Virginia Railway Express Station, which serves downtown Washington.
John A. Isakson, the Company s Chief Financial Officer said, Our real estate loan investment program continues to produce accretive returns, as well as a productive pipeline of brilliant assets for our portfolio. This acquisition also reinforces our stated strategy of simplifying our platform by rotating capital from non-core investments into our core multifamily business.

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PHOENIX, AZ – Embrey is scheduled to start construction later this month on Seven Oaks, its newest multifamily community in Phoenix, Arizona.
The company closed September 16 on its real estate buy for the property site in the Midtown area, a desirable and upscale neighborhood with strong job opportunities, simple access to light rail transportation, significant cultural amenities like the Phoenix Museum of Art, and just 10 minutes from the Sky Harbor International Airport.
The 332-unit community will feature urban-living amenities designed to make comfort and support for today’s contemporary lifestyles.
“Embrey’s vision is always to make inviting and exciting places where people want to be and our philosophy fits in perfectly in Phoenix’s Midtown community,” said Jimmy McCloskey, Executive Vice President of Development. “In addition to our unique living spaces that offer lifestyle enhancing experiences, the convenient location in one of the city’s most vibrant communities will elevate the residential experience.”
This project is financed by the Houston office of BB&T, now Truist.
The five-tale multifamily community, adjacent to Monterey Park on 7th Street, will offer unit finishes featuring contemporary kitchens with quartz countertops, stainless steel appliances, and custom cabinetry; bathrooms with soaking tubs and walk-in showers, designer-framed vanity mirrors and high-end fixtures; and, dedicated laundry rooms, linen closets and walk-in closets.
Onsite amenities include a structured parking garage; a clubhouse with a gameroom; a state-of-the-art fitness studio; a business center with micro offices; a landscaped courtyard and a resort-style pool; an outdoor fireplace and grilling area, and a dog park.
First units are expected to be available in the fourth quarter of 2023 with construction completed in the second quarter of 2024.

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