SAN RAMON, CA – Belmont Village Senior Living, an award-winning developer, owner and operator of senior housing, announced the opening of Belmont Village San Ramon (1000 Walnut Drive), its fifth Bay Area development and 16th California community, developed in partnership with Sunset Development and located within the vibrant Bishop Ranch neighborhood that offers residents convenient access to premier retail, dining and entertainment.
Belmont Village San Ramon features 177 apartments, including studio, one- and two-bedroom options for Independent Living, Helped Living and Memory Care. Residents will benefit from Belmont Village s proprietary, evidence-based approach to health and wellness, which includes its award-winning Circle of Friends® program designed to enhance cognitive strength and enrich daily life. The community is thoughtfully designed to provide the right balance of care and support tailored to all lifestyles, with well-trained staff and licensed nurses on-site 24/7.
The opening of Belmont Village San Ramon is a testament to our mission to make vibrant, supportive communities where seniors not only receive best-in-class care but truly feel at home, said Patricia Will, founder and CEO of Belmont Village Senior Living. We re excited to be part of the Bishop Ranch evolution through our collaboration with Sunset Development. Our residents will benefit from Belmont s thoughtful design and rich programs wrapped in gorgeous outdoor spaces and steps from premier dining, entertainment and retail.
Set against the backdrop of Mount Diablo and the surrounding hills, Belmont Village residents will delight in a prime location just steps away from City Center Bishop Ranch, a lively entertainment destination at the center of the evolving Bishop Ranch community. Residents can take advantage of walking paths for a small trek to engage in the array of meaningful social and cultural experiences City Center has to offer. Within Belmont Village San Ramon are state-of-the-art amenities including a fully equipped fitness center with professional trainers and group fitness classes, a screening room, a sports lounge, a creative arts studio, a library, and a full-service salon. Outdoors, the community offers a heated swimming pool, bocce ball and putting greens, a farm-to-table garden, a yoga lawn, rooftop terraces, and a dog park, making a flourishing environment for relaxation, recreation and connection.
Welcoming Belmont Village San Ramon to Bishop Ranch represents a pivotal step in our continued growth as a dynamic, sought-after community, said Alex Mehran, Jr., president and chief executive officer of Sunset Development. This new development highlights the area’s increasing appeal as an ideal place to settle, with a diverse range of people choosing to make the city their home. The influx of new residents, including those at Belmont Village, underscores how San Ramon is evolving into a premier destination not only for families but also for seniors seeking a luxury living experience that offers both tranquility and simple access to the greater Bay Area.
Belmont Village San Ramon marks the second residential community to join Bishop Ranch and the only senior living community in the development. Owned and developed by the family-run Sunset Development, Bishop Ranch is a $5 billion mixed-use, walkable neighborhood and one of the largest privately owned, master-plotted community projects in the U.S. Spanning nearly 600 acres in Northern California s San Ramon Valley, Bishop Ranch seamlessly integrates office spaces, residential living, hotel amenities, retail, restaurants and entertainment.

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MELBOURNE, FL – Carter Multifamily announced the acquisition of Mode at Melbourne, a 166-unit garden-style multifamily community located in Melbourne, Florida. This latest addition to Carter Multifamily’s value-add portfolio will be managed by Allegiant-Carter Management, the in-house property management arm of Carter Funds. As an affiliated company under the Carter Funds umbrella, Allegiant-Carter Management will oversee the property’s day-to-day operations, ensuring seamless alignment with Carter Multifamily’s strategic vision and value-enhancement initiatives.
Mode at Melbourne is located in Melbourne, Florida, on the state’s rapidly growing Space Coast, southeast of Orlando. The property consists of 166 apartment homes featuring spacious one-, two-, and three-bedroom floorplans, with an average unit size of 1,707 square feet—approximately 500 square feet larger than the average of comparable units in the market. Built in 2020, the community spans approximately 218,592 rentable square feet and was 94.6% occupied at the time of acquisition, with an average monthly rent of $1,923.
Mode at Melbourne offers luxury-style amenities including a resort-style pool, fitness center, resident clubroom, EV charging station, dog park, and select units with water views. The property, formerly known as The Palm Bay Grand, will be rebranded to Mode at Melbourne, enhancing its market positioning.
Melbourne’s Space Coast is a rapidly expanding market fueled by strong population and job growth. Home to major employers like Northrop Grumman, L3Harris, SpaceX, and Blue Origin, the area continues to attract high-profile companies, including Boeing’s Space and Launch division. Ongoing tech sector expansion, such as L3Harris’ proposed 200-job campus growth, further drives housing demand, positioning Mode at Melbourne for long-term appreciation.
Carter Multifamily plans to enhance the property’s value through a targeted value-add strategy. This includes interior renovations, exterior upgrades, and operational efficiencies, as well as revitalizing the property’s branding.
Ray Hutchinson, Chief Executive Officer of Carter Funds, commented, “We’re excited to expand our multifamily portfolio into this dynamic, high-growth submarket along Florida’s Space Coast. Mode at Melbourne is well-positioned to capitalize on the region’s sustained population and job growth. With larger-than-average apartments, the property holds a unique competitive advantage and presents an brilliant opportunity for value creation.”

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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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