ATLANTA, GA – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Wrenly, a 214-unit multifamily community in the Atlanta suburb of Newnan. The company expects to welcome its first residents in April 2027, and construction completion is projected for early 2028.
“Coweta County’s entitlement process is grounded in thoughtful plotting and community priorities, and we’re honored that our collaborative approach earned the trust and support needed to go this development forward,” said Josh Purvis, managing partner for Thompson Thrift Residential. “We are excited for Wrenly to deliver high-quality, luxury housing that supports the continued growth and momentum of the Newnan community.”
Located at the northeast corner of Newnan Crossing Boulevard and Newnan Crossing Court, the 28.6-acre community will include six residential buildings in one-, two-, and three-bedroom configurations. The apartment homes will average approximately 1,000 square feet and feature designer fixtures and finishes, including elegant granite countertops, stainless-steel appliances, smooth glass-top ranges, timeless tile backsplash, full-size washers and dryers, and hardwood-style flooring, as well as patio, balcony, and private yard options.
Resort-style living will continue throughout the community and feature a fully equipped fitness center with 24-hour access, firepit with seating areas, a swimming pool with an integrated waterfall, and a built-in seat wall adjacent to the firepit. Community grilling areas, pickleball court, dog park, pet spa with grooming station, and a resident business center with focus suite will also be available for residents to delight in.
Major employers near the site include Piedmont Newnan Hospital, Yamaha Motor Manufacturing, Amazon Distribution Center, Southeastern Regional Medical Center, just to name a few. Significant investments not far from the site include Piedmont Newnan Hospital’s $65 million south tower expansion, and the U.S. Soccer National Training Center, a $200 million, 200-acre development expected to open in 2026 that will make approximately 400 jobs and include more than 200,000 square feet of high-performance facilities, locker rooms, meeting rooms and headquarters space for employees.
In the past 10 years, Coweta County has seen limited multifamily deliveries, representing only 1.4% of the overall multifamily deliveries across the Atlanta MSA during the same period, while population growth exceeded 21% throughout the last 15 years and is expected to grow another 5.6% over the next five years. This strong population growth has led to a shortage of housing options for new residents, making Wrenly a fantastic addition to the Newnan market.

Powered by WPeMatico

HYATTSVILLE, MD – EJF Capital, a global alternative asset management firm with approximately $5.6 billion of assets under management, announced the completion of construction at The Bellevue, a 361-unit, multifamily development located in Hyattsville, Maryland. This is the fifth project delivered within EJF s OpZone Fund II and reflects the Firm s continued expansion into high-growth, metropolitan Qualified Opportunity Zone ( QOZ ) markets.
Developed in partnership with The NRP Group, The Bellevue is situated in one of Prince George s County s most dynamic residential corridors, a neighborhood propelled by ongoing economic development and expanded access to employment centers throughout the Washington, D.C. metro area. Long-term demand for high-quality housing in Hyattsville results from proximity to the University of Maryland, a vibrant arts district, and dynamic retail and dining options.
The newly delivered community features studio, one-, two-, and three-bedroom apartments along with a comprehensive amenity suite, including a fitness center, clubroom, co-working lounge, landscaped courtyards, and structured parking.
We are pleased to bring The Bellevue to completion as we invest in high-quality housing within supply-constrained and growing communities, said Asheel Shah, Senior Managing Director and Head of Real Estate Development at EJF. Hyattsville s strong demographic and employment trends make it a highly attractive market, and The Bellevue reflects our commitment to delivering thoughtfully designed multifamily communities with best-in-class partners.
The Bellevue joins EJF Capital s growing portfolio of multifamily and industrial developments within QOZs nationwide. Since 2018, EJF has invested in 24 multi-family and commercial developments across the country, including five completed developments in the OpZone Fund II, aligned with the firm s strategy of develop institutional-quality properties in markets positioned for sustained growth.

Powered by WPeMatico

ORLANDO, FL – Halstatt Real Estate Partners, a real estate private equity firm, announced the acquisition of Isles at East Millenia, a 200-unit multifamily community located in Orlando, Fla. The property was bought in partnership with GoldOller Real Estate Investments, a long-standing Halstatt partner.
Orlando continues to post exceptional job and population growth, fueled by its robust leisure and hospitality sector, said Steven Iannaccone, managing principal, Halstatt Real Estate Partners. While much of the region s new supply targets Class A renters, Isles at East Millenia meets the growing demand for quality workforce housing in one of Orlando s most dynamic submarkets. The asset s location and fundamentals make it an ideal fit for our value-add strategy.
The partnership plans to implement a comprehensive renovation program, upgrading the units that remain in original condition with new appliances, countertops, and contemporary finishes, along with exterior repainting, landscaping, and other site enhancements. This marks Halstatt s fourth value-add repositioning alongside GoldOller, which manages more than 40,000 apartment units across ten states and brings deep operational experience within the Orlando market, including more than 750 units currently under management.
Halstatt Real Estate Partners invests in value add and opportunistic real estate projects across Florida, Texas, and the Southeast, partnering with experienced sponsors to reposition assets and strengthen portfolio performance. In addition to its multifamily investments, Halstatt has been an early mover in the build-to-rent sector, with seven projects totaling more than 1,350 units across Florida, Texas, and Ohio.

Powered by WPeMatico