GREENVILLE, SC – Flournoy Development Group, an industry leader in innovative, best-in-class multifamily developments throughout the sunbelt, announced the groundbreaking of District South, its newest luxury mixed-use community in Greenville, South Carolina. This highly anticipated project underscores the company’s ongoing dedication to expanding its premier multifamily portfolio.
Situated on a sprawling 21-acre site, District South will feature an impressive collection of 365 multifamily units, 90 for-rent townhomes, six carriage homes, and 13 retail spaces meticulously crafted to meet the lifestyle needs of today’s sophisticated residents. The vibrant community is composed of five four-tale apartment buildings, 12 townhome buildings, and three carriage home buildings designed to enhance seamless connectivity within the community and surrounding area.
Strategically positioned near major interstates I-85 and I-385, District South offers convenient access to Greenville’s diverse economic hubs, including major employers such as BMW, GE, Michelin, Jacobs, and Fluor. The site is located just off the well-traveled Woodruff Road corridor, providing immediate proximity to a wide range of dining, entertainment, and retail options, including Whole Foods, Fresh Market, Publix, and Sprouts. With Downtown Greenville only a 15-minute drive away, this location is ideal for professionals balancing city and suburban lifestyles.
Residents of this distinguished community will delight in premium amenities designed to foster wellness, relaxation, and social engagement. These amenities include a convenient grab-and-go market for everyday essentials, a stylish and inviting resident lounge, a state-of-the-art fitness and wellness center, and a resort-style swimming pool with an expansive pool courtyard. Additional outdoor grilling stations and entertainment areas provide ideal spaces for gathering with friends and neighbors, while pet owners will appreciate the dedicated dog park and an indoor pet spa. The community also features thoughtfully plotted sidewalks and vehicular connectivity, which provide simple access and convenient options for pedestrians, cyclists, and drivers alike.
Each apartment home will feature spacious one- and two-bedroom layouts with upscale finishes, including quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and full-size washers and dryers, offering both style and functionality for future residents.
“We are thrilled to bring another meticulously designed, high-quality community to the Greenville market,” said Ryan Foster, Senior Vice President of Flournoy Development Group. “With a strong track record in Greenville with successful developments like District West and District Midtown, this project further reflects our commitment to delivering best-in-class communities that combine modern elegance, careful and thorough attention to detail, and a distinct sense of community.”
The project team includes architect Dynamik Design, general contractor McShane Construction, and local civil engineering firm Gray Engineering. The community will be expertly managed by Flournoy Properties Group.

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HOUMA, LA – ECI Group (ECI) announced the sale of Houma Highlands apartments at 461 S. Hollywood Road in Houma, Louisiana to Oakwood Capital Oakwood) for an undisclosed price. The 16-building, 378-unit community was built in phases, with Phase 1 completed in 2004 by another developer and then it was bought by ECI and Phase II was developed and completed in 2012.
“ECI is proud of our execution at Houma Highlands and the positive contributions we have made in the Houma community over more than a decade,” said Scott Levitt, Chief Acquisitions Officer at ECI Group. “We provided a continuum of integrated services at Houma Highlands, from development and construction management to property and asset management, and our team positioned it into the successful apartment community it is today. We know Oakwood will be brilliant stewards going forward.”
In October 2024, ECI received a $350 million infusion of equity from Almanac Realty Investors and continues to pursue acquisition and development opportunities in major markets in the Southeast and Texas.
Houma Highlands offers pet-friendly one-, two-, and three-bedroom homes with sophisticated finishes, including upgraded countertops, stainless steel appliances, and stylish flooring. Residents delight in an array of high-end amenities such as a resort-style pool, a fully equipped fitness center, and perfectly maintained green spaces.
For more than 50 years, ECI Group has been one of the most highly regarded, privately owned real estate organizations in the United States. The firm is fully integrated, with development, construction, investment, and property management groups that have garnered national recognition for innovation and performance in the multifamily industry. With a portfolio of more than 7,000 units located throughout the Southeast and Texas, ECI is strategically positioned to continue to be a leader in the multifamily industry.

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FORT MYERS, FL – CAPREIT, a fully integrated real estate operating company responsible for the ownership and management of more than $5 billion of multifamily assets, announced it has bought Coastal Village, a 200-home, 800-bed student housing community in south Fort Myers.
Situated at 19401 Skidmore Way, Coastal Village sits within a quick commute of Florida Gulf Coast University, a Division I college attended by approximately 16,000 students. CAPREIT’s acquisition of the off-campus community represents the company’s entry into the student housing sector.
“Residents of student housing want all the same things that traditional apartment residents want—namely, superior property management and white-glove service,” said Andrew Kadish, CEO of CAPREIT. “It’s that kind of touch that CAPREIT can bring to Coastal Village and the student housing industry. The relatively consistent and reliable demand in the student housing sector, combined with our desire to secure steady returns and significant capital appreciation for our investors, gives CAPREIT the perfect opportunity to enter student housing.”
With a portfolio mostly composed of market-rate and workforce apartments, CAPREIT has recently expanded into new verticals. Prior to joining the student space, the company entered the single-family, build-to-rent sector with the 2024 acquisition of Baldwin Chase in Greenville, S.C.
Coastal Village, originally built in 2004, is a pet-friendly community and offers fully furnished homes—each with four private bedrooms. Community amenities include an outdoor swimming pool, fire pit, resident lounge, coffee bar, private study spaces and an onsite fitness center. Apartment homes include upgraded kitchens with granite countertops and center islands, built-in desks in each room, full-size washers and dryers, central air conditioning and private patios or balconies.
In addition to the Florida Gulf Coast University campus, the community offers quick connectivity to the multitude of shopping options at Three Oaks Town Center and the vast recreational opportunities at Bonita Nature Place. Additionally, Florida SouthWestern State College is located 12 miles northwest of the community.

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