CHARLOTTE, NC – Toll Brothers, the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and International Capital, LLC have announced a new joint venture to develop The Airedale, a three-tale, 348-unit luxury multifamily rental community in Charlotte, North Carolina. The joint venture has secured a $56.8 million construction loan facility from TD Bank. The equity and debt were arranged by Toll Brothers in-house Finance Department. Toll Brothers Apartment Living will manage the development of The Airedale.
The Airedale will offer 348 apartment homes in a mix of one-, two-, and three-bedroom floor plans. Each apartment home will offer sophisticated features and finishes, including quartz countertops, stainless steel appliances, soft-close cabinetry, under-cabinet lighting, and modular closets, as well as smart home technology. The community s amenities will include a resort-style pool and sun deck with cabanas, a state-of-the-art indoor/outdoor fitness center, a pet spa and half-acre pet park, a coworking suite with individual work pods and a conference room, a clubroom with a private dining room, and a grab-and-go mini market.
“The Airedale represents a milestone for Toll Brothers Apartment Living as we expand into North Carolina and underscores our commitment to delivering exceptional luxury multifamily communities in high-growth markets,” said John McCullough, President of Toll Brothers Apartment Living. “We are excited to bring a best-in-class living experience to South Charlotte with thoughtfully designed apartment homes and upscale amenities.”
The Airedale will be located at 13607 Choate Circle in the vibrant Steele Creek area of Charlotte. The community will be ideally situated in proximity to Charlotte Douglas International Airport and major thoroughfares such as I-77, I-485, and South Tryon Street, providing access to Charlotte s employment centers in South End and Uptown. Residents of the community will have simple access to outdoor recreation, including the Walker Branch Greenway, and will be within a small drive of several grocery stores, including Sprouts Farmers Market and Publix, and the RiverGate Shopping Center, which offers a diverse selection restaurants and retail, including Target, Best Buy, and The Home Depot.
International Capital is thrilled to start development on The Airedale, sparking our first partnership with Toll Brothers Apartment Living. We have been searching for the right partner, location, and timing for our entrance into the Charlotte market and believe The Airedale checks all the boxes, said Andrew Doster, Vice President of Investments for International Capital. Toll Brothers Apartment Living’s focus on design, quality, and incorporating the local culture into the project will set The Airedale apart in this affluent area of South Charlotte. We’d like to thank the entire Toll Brothers Apartment Living team and our lending partner, TD Bank, for such a smooth and flawless closing process.

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CLEBURNE, TX – Founders Development Company, a seasoned leader in residential and commercial real estate, announced its latest multifamily development project: RailRoad Lofts. It is part of the master-plot Railhead Addition in Cleburne, Texas. The development is now officially open for investment, with private capital opportunities available for qualified partners.
Strategically located adjacent to the well-known baseball stadium, La Moderna Field, home of the Cleburne Railroaders minor league baseball team. The project s access to the junction of US Highway 67, SH 171, and the Chisholm Trail Parkway, RailRoad Lofts represents a rare blend of accessibility, lifestyle, and long-term growth potential. This fully entitled mixed-use project will ultimately include townhomes, build-to-rent homes, retail, restaurants, a hotel, and a medical center, making it one of the most ambitious developments in Cleburne s history.
This project checks every box: growth corridor, entitlement-ready land, high-demand multifamily housing, and a mixed-use vision that builds real community, said the developer and founder of Founders Development Company. After evaluating countless opportunities, this is the first one in over a year that lit up green from every angle, from land to demand price, rent growth potential, and location. We re proud to offer our investors a stake in something substantial, sustainable, and transformational.
RailRoad Lofts offers a thoughtfully curated mix of one-, two-, and three-bedroom floor plans and a suite of high-end amenities designed for modern urban living. Residents will delight in a luxury clubhouse with a full kitchen and coffee bar. Resident lounge and business center with conference rooms, full-service fitness facility, and resort-style swimming pool and outdoor cooking stations. It will also have crushed granite walking trails lit with festoon lighting, leading to an adjacent entertainment district, options for surface parking, covered carports, & enclosed garages, and on-site EV charging stations.
The development is being financed through a 40-year fixed-rate HUD loan, one of the most coveted financial tools in multifamily real estate. Approximately, $57 million will be funded through HUD, with the remaining $13 million open to private investors as limited partners.
Multifamily is one of the most stable, scalable, and tax-advantaged investment strategies available today, Clarke stated. For those looking to diversify their portfolios with high-growth real estate opportunities backed by proven management and institutional-quality financing, RailRoad Lofts is a premier option.
Founders Development Company brings over 25 years of experience in ground-up construction, value-add projects, and commercial development. The firm prides itself on identifying high-potential opportunities in emerging markets, offering investors transparency, efficiency, and results.

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RICHARDSON, TX – Caroline Eastside, a newly completed multifamily community developed by Hunt Development Group, is now leasing in Richardson, Texas. This modern and thoughtfully designed property not only reimagines apartment living but also contributes to the vitality and evolution of Richardson, a city widely recognized for its progressive growth and thriving community.
Caroline Eastside joins The Mallory Eastside, another premier multifamily community in Richardson developed by Hunt Development Group, in showcasing the company s commitment to making vibrant, resident-focused living spaces that enhance the city s dynamic lifestyle.
Strategically positioned at the intersection of Highway 75 and the George Bush Turnpike, Caroline Eastside offers residents unmatched access to the Dallas-Fort Worth metroplex. With walkable proximity to retail, dining, and a DART station, the community places urban mobility and everyday convenience at the forefront.
Richardson s vibrant growth and innovation make it the ideal location for Caroline Eastside, said Ben Wullschlager, Senior Vice President at Hunt Development Group. This community reflects our commitment to elevating the resident experience, with thoughtfully designed amenities that support how people live, work, and unwind today.
Caroline Eastside offers 384 residences, ranging from efficient studios to spacious three-bedroom homes, catering to diverse lifestyles. Each unit is crafted with open layouts, modern finishes, and ample natural light, with an average size of 812 square feet. Designed to integrate seamlessly into Richardson s energetic growth, the community provides a living experience that balances sophistication, wellness, and urban connectivity.
What makes Caroline Eastside stand out are its extensive amenities, tailored to fit the multifaceted needs of today s residents:
Wellness-Focused Living: A two-level fitness center includes HIIT equipment, a Zen room for yoga and meditation, and spaces to support both physical activity and relaxation.
Resort-Style Recreation: From a resort-inspired pool with grilling stations to an indoor air-conditioned pool house and a game lawn, the amenities invite year-round relaxation and entertainment.
Work-from-Anywhere Features: A Cyber Lounge, private and group meeting rooms, and a rooftop Sky Deck with a coffee bar provide flexible, connected spaces for remote work and collaboration.
Pet-Friendly Design: Fur-friendly features include a dog park, walking trail, multiple green spaces, and an on-site dog wash, catering to pet lovers.
With high-speed Wi-Fi throughout and a design that balances comfort with sophistication, Caroline Eastside offers a seamless blend of home, wellness, and community.

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