MESA, AZ – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, the nation’s leading builder of luxury homes, in partnership with Canyon Partners Real Estate, announced the grand opening of Navona, a new luxury apartment community in Mesa, Arizona. Located at 10141 East Williams Field Road in Mesa, Navona was financed with a $78 million construction loan from Bank OZK and welcomed its first residents in December 2024. The community marked its grand opening this month with a ribbon cutting celebration with project partners, residents, and guests.
Navona reflects our commitment to delivering exceptional living experiences in the most desirable markets, said John McCullough, President of Toll Brothers Apartment Living. Mesa is one of the fastest-growing submarkets in the Phoenix metropolitan area, driven by strong economic growth and a dynamic mix of lifestyle offerings. We re proud to introduce a community that meets the demands of the market with the quality, luxury, and thoughtful design for which Toll Brothers Apartment Living is known.
Navona offers 400 one-, two-, and three-bedroom apartments and townhomes, featuring open-concept floor plans with high-end finishes and modern conveniences. Each residence has quartz countertops, stainless steel appliances, kitchen islands with designer pendant lighting, and flat panel cabinetry with under-cabinet lighting. Additional features include multi-speed lighted ceiling fans and smart home technology, including keyless entry and programmable thermostats. Select residences offer built-in work-from-home spaces and private patios or balconies.
The community s resort-style amenities were designed with connection, wellness, and relaxation in mind. The expansive outdoor amenity offerings include a resort-style pool, a wading pool, a spa, and elegant cabanas. Residents can delight in two pickleball courts, bocce ball, a putting green, a sand volleyball court, a three-quarter-mile jogging trail, and an entertainment pavilion with an outdoor kitchen, a pizza oven, and games. Indoors, Navona offers a distinctive clubroom with a poker table and billiards, a private dining room, a social café with beverage taps, a sports lounge with an interactive simulator, a coworking lounge, and a 24/7 micro market. The immense indoor/outdoor fitness center features state-of-the-art equipment and spin and yoga studios. Additional amenities include a maker space for creative pursuits, two dog parks and a pet spa, and numerous multifunctional lawns throughout the community. Navona s location places residents at the heart of everything that makes the East Valley so desirable, and our intent was to significantly raise the bar on what a new apartment community could offer in this vibrant area, said Todd Bowden, Managing Director of Toll Brothers Apartment Living in the Southwest & Mountain region. With proximity to top-rated golf courses, expansive hiking and biking trails, and cultural attractions, as well as the convenience of the Mesa Gateway Airport just minutes away, Navona offers a connected, active lifestyle paired with exceptional luxury and design.
Navona provides convenient access to the SR-24 expansion and Phoenix-Mesa Gateway Airport and is near major employment centers, including Intel s Chandler Campus. Residents are minutes from shopping, dining, and outdoor recreation, all within the highly desirable East Valley corridor.

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RALEIGH, NC – JAG Management Company continues its portfolio growth in North Carolina with Taryn at 401 in Raleigh, a recently delivered development by Virginia Beach-based RST Development.
Taryn at 401 is a 251-unit luxury community set on 24 acres. It is comprised of a mid-rise building, three garden-style buildings, and a clubhouse. Located at 310 Taryn Avenue, residents have direct access to Route 401 straight into Downtown Raleigh.
This is the fifth RST Development asset in North Carolina to be operated by JAG Management Company, which also manages three other RST communities in Maryland and Florida. JAG Management Company is an affiliate of Jefferson Apartment Group (JAG).
JAG Management Company values our ongoing relationship with RST Development, and we re excited to do our first lease-up with them, said Patty Holt, President of JAG Management Company. Taryn at 401 is a perfectly designed, amenity-rich community, and we look forward to setting the tone for its long-term success.
Residents of Taryn at 401 will delight in a leading-edge fitness center with CrossFit and yoga studios, game room with billiards, a library with fireplace, lounge with entertainment kitchen, co-working space with focus rooms, and a pet spa with grooming stations.
Outdoor amenities feature a resort-inspired pool with a sun-shelf and immersed chaises, multiple lounge areas with hammocks and firepits, a courtyard with ample green space and gardens, a private walking trail, and a dog park.
The apartments are a mix of 1-, 2-, and 3-bedrooms featuring stainless steel appliances, granite countertops, high-end fixtures and finishes, oversized picture windows, ceiling fans, large patios and balconies, and in-unit washers and dryers.
Getting things right out of the gate is vital, especially with a new development, said Scott Copeland, President of RST Development. With JAG Management Company at the helm, we re confident in their ability to perform a seamless lease-up that seeds strong business results now and in the future.

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MARICOPA, AZ – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on The Ranches at Gunsmoke Apartments, a ground-up development that will provide 271 units for individuals and families in Maricopa earning up to 60% of the Area Median Income.
“We are excited to break ground on LAC’s first Build-to-Rent development and to partner with WNC & Associates to bring high-quality affordable housing to Arizonans,” said Ben Taylor, LAC vice president and project partner. “The Ranches at Gunsmoke will provide sorely needed units in one of the nation’s fastest-growing metro areas.”
The Ranches at Gunsmoke is LAC’s first Build-to-Rent (BTR) development and will consist of two- and three-bedroom duplexes and standalone homes, with each unit featuring a patio, walk-in closets, and private fenced backyards. Communal amenities will include a fitness center, pool, grilling areas, a clubhouse, and rental storage units. Additionally, a solar carport system will be installed to offset approximately 50% of the community’s electricity usage. Construction is expected to be completed in 2026.
“We’re excited to see this new community taking shape thanks to Lincoln Avenue Communities,” said Maricopa Mayor Nancy Smith. “This new development addresses the needs of those who work in the city of Maricopa, whether they’re hourly workers, teachers, new police officers, or even our retired senior citizens who want to be a part of a community in which they don’t have to take care of the property itself.”
The development’s financing includes back-to-back construction and permanent loans from Citibank, $65 million in tax-exempt bonds issued by the Arizona Development Authority, and $49 million in Low-Income Housing Tax Credits (LIHTC) and solar equity from WNC.

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