KATY, TX – Venterra Realty bought Elation at Grandway West Apartments in Katy, Texas. Elation at Grandway West is a garden-style property, completed in 2020, with 324 apartments. Located on Franz Road, less than a mile from 99, the Grand Parkway, which provides residents simple access to I-10, the energy corridor, and downtown Houston.
Elation’s location hosts a diverse employment base with over 15,000 medical jobs and major medical facilities including Texas Children’s Hospital, Houston Methodist West, M.D. Anderson Cancer Center, and Memorial Herman Katy Hospital.
The community offers six unique one and two bedroom apartment layouts ranging in size from 671 sq. ft. to 1116 sq. ft., with rents ranging from $1040 to $1516 per month. Elation’s apartment interiors feature quartz countertops, stainless steel appliances, soft-close drawers, halo-lit mirrors, and smart door locks. The community hosts a robust amenity package including three outdoor grilling areas, two swimming pools, a dog park, pergolas with swings, a yoga and spin studio, fire pits, and a Bocce court.
“With this acquisition, Venterra has crossed a new milestone – we now have over 18,000 units in our portfolio for the first time,” said John Foresi, CEO of Venterra Realty. “Elation was expertly built to a high standard, but we’re looking forward to identifying opportunities to further improve by implementing Venterra’s customer-focused management platform,” added Andrew Stewart, Chairman of Venterra Realty.
With a history of long-standing success in the Houston market, Venterra was chosen as the buyer in this off-market transaction, brokered by Matt Philips and Clint Duncan from CBRE’s Houston office. The loan was originated by Michael Thompson, Vice Chairman and Co-Head of CBRE’s Debt and Structured Finance Team in Houston.

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PORTLAND, OR – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the 175-unit ArLo Apartment Community in Portland, Oregon.
The buy marks the firm’s sixth acquisition in the Portland market. The community, newly built in 2019, is in immediate proximity to Interstate 5 and North Interstate Avenue, providing access to Downtown Portland, Vancouver, WA, Portland International Airport, and major regional employers.
“ArLo provided an brilliant opportunity to buy a brand-new property in a fantastic submarket from a fantastic developer,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “We believe the property’s contemporary vintage, amenity package, and prime location in the inner East Side will provide our residents with the quality of life desired in Portland’s urban core. We are excited about our continued growth in this region.”
ArLo was 99.0% occupied at buy. The community is located at 6015 N Interstate Ave in the desirable Northwest Portland submarket, approximately 10 minutes from Downtown Portland. The 175 units range from 367-1,100 square feet with 11 different floor plans. Community amenities include a rooftop lounge and terrace, game room, fitness center, and co-working lounge.
HZ’s capital improvements plot includes installing smart rent, lock and door repair, adding a dog park, and landscaping enhancements. Additionally, management of the property has also been transitioned to HZ affiliate Mission Rock Residential.

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NASHVILLE, TN – Mill Creek Residential, a leading rental housing investor and operator specializing in premier rental communities across the U.S., announced the groundbreaking of Modera Gulch, a mixed-use apartment community located in a walkable locale along Nashville’s Division Street.
The 15-tale community, which will feature 378 apartment homes and approximately 18,000 feet of ground-floor retail space, is a key part of Mill Creek’s expansion into the city. Mill Creek officially entered the Nashville market in 2019 with a new regional office, and the company is currently developing a second luxury apartment community in the city’s Germantown neighborhood. First go-ins at Modera Gulch are scheduled for early 2023.
“Modera Gulch will benefit from its marquee location in the Gulch, unobstructed views of downtown, and immediate access to nearby employers and walkable retail,” said Luca Barber, vice president of development for Nashville for Mill Creek Residential. “The site’s proximity to Downtown and walkability to a multitude of attractions will make what we believe will set the bar for a quality living experience in one of Nashville’s most sought after neighborhoods. We’re extremely excited to continue building our presence in this dynamic city.”
Situated at 810 Division Street, Modera Gulch features unobstructed views of the city and future residents will be in immediate proximity to numerous boutique retailers, trendsetting restaurants, and major employers. The latter includes Amazon’s new Operations Center of Excellence, which is less than one mile from the community. The site’s Walk Score of 80 is considered “very walkable,” and other city attractions such as the Frist Art Museum, Country Music Hall of Fame and Nashville’s famed Lower Broadway, are among the attractions just a few steps away.
The community is also less than two miles from Nissan Stadium, home of the Tennessee Titans, which is located across the Cumberland River and adjacent to Downtown. Additionally, Capitol View, a 32-acre mixed-use urban district, is located just over a mile from Modera Gulch. The district includes 1.1 million square feet of Class-A office space, ample retail and an abundance of hotel and residential space.
Modera Gulch will consist of studio, one-, two- and three-bedroom homes with an average size of 901 square feet and will feature select den layouts. Community amenities will include an expansive 6th level amenity deck, outdoor swimming pool, rooftop dog park and observation deck, barbecue area with picnic tables, pet spa, clubhouse, game room, cyber café, conference room and coffee bar. A club-quality fitness center will include a yoga/Pilates studio, TRX system, individual training and additional user-friendly features. Residents will also have access to controlled-access garage parking, dedicated bike storage and additional storage.
Apartment interiors will contain a variety of luxe features, including stainless-steel appliances, quartz countertops, tile backsplashes, 42-inch custom cabinetry, pendant lighting, upgraded fixtures, programmable thermostats and in-home washers and dryers. Bathrooms will include double vanities, tile shower surrounds and linen closets while bedrooms will offer walk-in closets and built-in storage. Select homes will feature city or green-space views.
Modera Gulch will join Modera Germantown as Mill Creek’s first two ground-up developments within Nashville.

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