CHARLOTTE, NC – Ginkgo Residential announced that it has bought Edgewater Village, a multifamily community located in Greensboro, North Carolina. The acquisition further expands Ginkgo s presence in the Carolinas and marks a significant milestone for the company, which now exceeds 10,000 workforce housing units managed across North and South Carolina.
Strategically positioned in one of North Carolina s established growth corridors, Edgewater Village offers a compelling opportunity to preserve and enhance attainable housing through Ginkgo s proven value-add platform. The company plans to invest in unit interior upgrades, community enhancements, operational efficiencies, and sustainability-focused improvements designed to elevate the resident experience while maintaining affordability.
We continue to see attractive opportunities in the Carolinas where strong demographics and limited affordable housing supply support long-term demand, said Eric Stamp, CFO at Ginkgo REIT.
Surpassing 10,000 units is an vital milestone for our team, and Edgewater Village reflects the type of disciplined investment opportunity we believe can drive long-term growth, said Bill Green, Co-CEO and Principal of Ginkgo Residential.
To help fuel its expanding acquisition pipeline, Ginkgo recently launched Ginkgo GP Fund II, a closed-end investment vehicle seeded with Edgewater Village. The fund completed its first closing in April 2026, with the next closing expected in Fall 2026.
The Investment was anchored by Banyan Street Real Estate Funds, LLC ( BSREF ) together with high-net-worth investors investing in a side-car capacity.
Ginkgo Residential is a leading provider of attainable, eco-friendly apartment communities across North and South Carolina. The firm specializes in acquiring, renovating, and managing high-quality housing while maintaining affordability.

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PARAMUS, NJ – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Garden State Plaza, a contemporary mixed-use community located within the emerging Westfield Garden State Plaza town center in Bergen County.
Modera Garden State Plaza, which will feature 575 homes in two separately branded residential buildings, includes 48,000 square feet of ground-floor retail space and a refined suite of wellness-themed amenities. The community will serve as a key residential component of the redevelopment of Westfield Garden State Plaza, which is home to an abundance of national retailers, high-end fashion outlets and a variety of dining options. First go-ins are anticipated for mid-2028.
“We are excited to serve as a co-developer of the landmark Modera Garden State Plaza, the first piece of redevelopment at Westfield Garden State Plaza, which is transforming the area into a truly vibrant mixed-use destination,” said Doug Arsham, executive managing director of development for Mill Creek.
Situated at One Garden State Plaza Boulevard, the community will provide direct access to the multifaceted lifestyle options within Westfield Garden State Plaza. The onsite retail space—which includes 48,000 square feet across both buildings—will be composed of curated shops, experiential retail and unique dining options. The community also easily connects to key thoroughfares, including Route 4, Route 17 and the Garden State Parkway, and is less than 10 miles from MetLife Stadium.
“In addition to the vast retail options and residential space, the newly constructed green spaces and enhanced connectivity options to the mall make the area even more compelling for residents and visitors alike,” said Chris Holliday, vice president of development in New Jersey for Mill Creek. “We look forward to working on this genuinely unique community.”
Modera Garden State Plaza will offer studio, one- and two-bedroom homes with select den layouts and private patios or balconies. Community amenities will include a rooftop deck, resort-style swimming pool, sauna, outdoor kitchen and dining space, grilling areas, fire pits, landscaped courtyards, resident clubhouse, coffee bar, game room, pool table and a club-quality fitness center with cardio equipment and group fitness areas. Residents will also have access to coworking spaces, private workstations, a conference room, digital package lockers, controlled-access garage parking, EV-charging stations, bike storage, bike repair station and additional storage space. The community will be built to, and is pursuing, a LEED Gold Certification.
Home interiors will feature nine-foot ceilings, oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, tile backsplashes, custom soft-close cabinetry with under-cabinet lighting, movable kitchen islands with storage, large closets and in-home washers and dryers. Smart features will include key fob access, controlled-access guest technology, programmable thermostats, smart leak detection and bulk WiFi. Designer bathrooms will feature double vanities, backlit mirrors, soaking tubs and tile tub/shower surrounds.

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ATLANTA, GA – ECI Group and ApexOne Investment Partners announced the formation of a strategic joint venture to form ApexOne-ECI Multifamily Fund VI, LP, to buy, invest in, strategically redevelop and renovate, lease, and manage institutional-quality multifamily assets across the Sunbelt, Midwest, and Mountain West regions of the United States. The Fund will seek total equity capitalization of $500 million.
ECI and ApexOne will serve as the Fund’s co-general partners and have committed to co-invest, as called, more than $100 million of the Fund’s $500 million total equity capitalization alongside committed investor equity capital. ECI Group’s capital commitment to the Fund is in partnership with Almanac Realty Investors, a business unit of Neuberger Berman, which has committed up to $350 million to support ECI’s continued platform expansion, including its investment in the Fund. The Fund intends to do a diversified growth-and-income investment strategy through disciplined capital allocation, focusing on existing multifamily assets rather than ground-up developments, with an emphasis on both newer-vintage and traditional multifamily assets, including workforce housing communities, all with investment value-add opportunities. This investment strategy is designed to generate current cash flow while seeking market appreciation.
“Partnering with ECI brings together a fully integrated operating platform with a proven ability to drive performance at the property level, alongside a shared strength in identifying and executing on investment opportunities,” said Ernest Johnson, Partner and Executive Managing Director of ApexOne. “Their innovative, AI-enabled approach to leasing, resident engagement, and asset management, combined with a long track record across market cycles and a meaningful capital commitment alongside investors, made them an ideal partner for this fund. We share a strong conviction that this is an attractive point in the real estate cycle to invest in, with compelling opportunities emerging across high-quality assets. In this environment, we believe ECI is exceptionally well positioned to do at the property level and capitalize on the opportunities ahead.”
“Forming this strategic partnership with ApexOne, an established multifamily fund manager, provides ECI with an opportunity to flex its operational excellence and efficiencies in multifamily investments in targeted high-growth markets while strengthening our institutional investor access and platform,” said ECI Chief Executive Officer and Chief Operating Officer, Seth Greenberg. “Our Fund investment strategy focuses on our shared belief in, and experience with, compelling investment opportunities driven by disruption in the multifamily sector. These conditions include distressed sale conditions, near-term supply and demand imbalances, and affordability factors in single-family home ownership for many single- and double-income families. We also expect to capitalize on undercapitalized and under-managed conditions at many target assets, bringing ECI’s exceptional track record in multifamily operations to bear to improve occupancy, elevate resident satisfaction, and increase marketing efficiencies.”
Collectively, ECI and ApexOne have bought or developed approximately 50,000 units and invested over $7 billion across more than 160 multifamily communities throughout the Sunbelt, Southwest, and Midwest regions. The co-general partners have operated and invested in over 130 submarkets through acquisitions, development, or structured debt. The senior executives of the co-general partners collectively have over 300 years of experience in multifamily real estate, including property acquisition, finance, investment, development and redevelopment, leasing, and property and asset management.

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