HOUSTON, TX – The Venterra Development Division is currently overseeing the construction of two buildings, adding 48 apartment homes to Silverbrooke, a property in Stafford, Texas.
In January, Venterra Realty broke ground on this expansion project, using the four-acre space between Silverbrooke and its sister property, Shadowbrooke, to start construction of two new structures. As there was no land acquisition required, Venterra is able to provide attractive returns for investors with lower risk. The newly constructed buildings are matched to the existing structures to maintain a consistent aesthetic within the community. The onsite management team is currently pre-leasing the apartments, which are scheduled for completion in January 2021.
Silverbrooke is a Class A, garden-style property that was built in 2007 with 312 original units. Located at 1020 Brand Lane in Stafford, TX, the property is about 2 miles from Highway 59 and 20 miles southwest of downtown Houston.
“This construction project illustrates an exciting new chapter for Venterra, where we are able to leverage Venterra’s knowledge of market performance and capitalize on opportunities that will continue to strengthen the organization, provide stable returns, and contribute to economic growth,” said John Foresi, CEO of Venterra Realty.
The 48 new apartments, which consist of one and two bedroom layouts, as well as a one bedroom with office space, range from 750 sq. ft. to 1113 sq. ft., with rents starting between $1240 and $1620 per month. Each new apartment features stainless steel appliances, quartz countertops, wood plank vinyl floors, oversized closets, and first floor apartments offer fenced-in yards. These new apartments are also equipped with SMARTHOME features that allow residents to unlock their front door and control their thermostat via an app on their smart phone. Beside the new buildings, new amenities were added as well: a covered playground, covered seating areas, and a large dog park to add to the already existing swimming pool and fitness center.
“We are very excited to take the Venterra experience to the next level and design homes for our residents. Our Development Division works hand in hand with our Property Operations teams to plot apartments that meet the needs of today’s renters” added Andrew Stewart, Chairman of Venterra Realty.

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PHOENIX, AZ – Christopher Todd Communities, one of the nation’s leading innovators in the Build To Rent housing segment, continues to evolve to feed the apparent insatiable appetite for single-family rentals after consummating the sale of the largest Build To Rent property (by unit count) in the nation.
The buy of Christopher Todd Communities At Stadium, a 313-home community located in Phoenix, Ariz., was facilitated by Matthew Tice, senior vice president of Inland Real Estate Acquisitions, LLC on behalf of an affiliate of The Inland Real Estate Group of Companies, Inc. The deal was brokered by NorthMarq’s President of Investment Sales Trevor Koskovich, Vice President Jesse Hudson, and Executive Vice President Bill Hahn.
“The investor appetite for the Built-To-Rent communities has exploded in the last two years, with Christopher Todd Communities leading the way. Not only are we seeing demand from institutional investors, we also have seen increasing interest from the lender community to bring capital to the sector,” said Koskovich.
NorthMarq also arranged the financing for the buy through its Fannie Mae relationship.
This community sale to Inland is the final component of a multi-community transaction announced in March of this year which included a total of five Christopher Todd Communities in the greater Phoenix metro area, with a combined 943 homes. These five communities were the first to be developed as the Company embarked on a path to disrupt the multi-family industry. All communities were developed and wholly owned by Christopher Todd Communities.
“We are so proud that all of our communities experience unprecedented high rent rates, even during the height of the pandemic,” said Todd Wood, CEO of Christopher Todd Communities.
Comprised of single-tale, single-family pet-friendly smart homes, the communities are less dense than typical multi-family, with no one above or below, the keyless door entry makes it simple to come and go with minimal touching of materials, and the private backyards give people the space to be socially distant, yet maintain a sense of connection. Resort-style amenities are included in every one of these gated communities.
As part of the sale, each community will retain the Christopher Todd Communities brand, bringing added value to this transaction.
“We have been extraordinarily grateful for the incredible demand our innovative rental product has commanded, both from the investor side as well as the consumer side, propelling our company. As a part of our national expansion we have announced that Greystar will assume management of two existing communities in the Phoenix area, with more communities potentially in the pipeline,” added Wood.

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ROCKVILLE, MD – Bell Partners, one of the nation’s leading apartment investment and management companies, announced that it has bought Siesta Key, an apartment community located in Rockville, Md., which will be renamed Bell Shady Grove. This acquisition represents the 4th community owned by Bell Partners in the state of Maryland and the 18th managed in the D.C. metro area. Bell Shady Grove was bought on behalf of a venture between Bell Partners and HANSAINVEST Real Assets GmbH, a leading investment firm based in Hamburg, Germany.
Built in 2018, Bell Shady Grove is a 315-unit mid-rise community that offers residents convenient access to Downtown Rockville, Bethesda and Washington, D.C. via multiple modes of transportation. The community is situated adjacent to I-270 and I-370/Maryland Route 200 and is a small distance from the city’s Red Line metro station. Bell Shady Grove is also located in the I-270 biotechnology and life sciences corridor, one of the country’s most prominent hubs for medical research, testing and development with The National Institutes of Health, National Cancer Institute and U.S. Food and Drug Administration headquartered in the area. Nearby developments including Downtown Crown and Rio Washingtonian Center provide residents with access to gyms, movie theaters, restaurants and a variety of retail stores.
“This acquisition represents another step for Bell Partners into the D.C. metro market, which we believe has strong economic prospects with a wide range of stable public sector job opportunities,” said John Blaylock, Senior Vice President of Investments at Bell Partners. “We feel especially confident in the Rockville submarket, which is home to many of the critical national health agencies who play a key role in combatting the ongoing public health crisis.”
All units at Bell Shady Grove have wood plank flooring, custom backsplashes, soaking tubs with tile finishes, full-size washers and dryers, stainless steel appliances and granite surfaces in the kitchens and bathrooms. Community amenities at Bell Shady Grove include a rooftop deck with a lounge space, TVs, fire pit and billiards, a clubroom with a gaming area, a business center with a computer lounge, a fitness center with a private yoga studio and a conference space with private workstations. Bell Partners closely follows guidelines from local, state and federal health authorities regarding the operation and cleanliness of community amenities.

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