FREDERICKSBURG, VA – The Milestone Group announced the acquisition of two Fredericksburg, VA apartment communities, Kensington Crossing with 476 units, and Magnolia Falls with 200 units. The buy prices were not told.
“These two assets are very well positioned in a highly sought-after submarket near abundant retail and dining options, and their proximate locations allow for meaningful operating efficiencies,” said Milestone Vice President of Acquisitions, Jason Wise. “Our plans for the assets include enhancement of all common areas and amenities that will immediately boost the resident experience. Furthermore, Milestone assumed the existing loans on both, allowing for a quick and seamless transaction.”
The properties, located in rapidly growing Stafford County, are conveniently located on US-17 near the I-95 interchange. Immediate retail options include Target, Walmart, Giant Food, Lowe’s, Starbucks, and Chick-fil-A. A myriad of options located at nearby Central Park, Spotsylvania Town Centre, and Downtown Fredericksburg are all within 15 minutes.
Kensington Crossing has 476 fully-renovated one-, two- and three-bedroom units that feature stainless steel appliances, granite countertops, and faux-wood flooring throughout the units. Residents delight in amenities including two swimming pools, tennis and sports courts, two fitness centers, a cabana lounge, and covered parking.
Magnolia Falls features 200 fully-renovated one- and two-bedroom units also including stainless appliances, granite countertops, and faux-wood flooring throughout. Residents have access to a swimming pool with sundeck, playground, dog park, sport court, and fitness center.

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DALLAS, TX – National multifamily developer Wood Partners continues to expand in Texas with Altera Rayzor Ranch, a 192-unit multifamily community in Denton, a suburb outside of Dallas. The project recently broke ground and is expected to deliver to the community in the third quarter of 2025.
Altera Rayzor Ranch is centrally located within the Rayzor Ranch master-plotted development and sits just off I-35, offering simple, direct access to the Dallas-Fort Worth metroplex. The 182,000-square-foot garden-style development features a mix of one-, two- and three-bedroom layouts and offers residents attainable, Class-A accommodations without sacrificing convenient access to major employment and entertainment centers. Altera Rayzor Ranch is ideally situated within walking or biking distance via the Heritage Trail, connecting residents to a diverse array of restaurants and retail options, including Target, WinCo Foods, In-N-Out, Alamo Drafthouse Cinema and more.
The apartment is part of the Wood Partners’ Altera brand, a new attainable housing initiative offering upscale living at cost-effective rates. Residents can benefit from a resort-style pool, a modern fitness facility, outdoor socializing spaces with fire pits and gas grills, programmed green space and multiple coworking and meeting spaces.
“Denton has experienced explosive growth in the past few years which will only continue to increase due to its educated workforce, lower cost of living and access to plenty of open spaces,” said Ryan Miller managing director at Wood Partners. “Altera Rayzor Ranch’spremier location provides a community feel with best-in-class shopping and dining opportunities just footsteps away from your door. We are devoted to assisting the city’s positive growth by developing new, attainable multifamily apartments designed with the community needs in mind.”
Denton County exceeded one million residents last summer, making it the seventh-largest county in Texas. According to Colliers’ 2024 Q2 Dallas Fort Worth Multifamily Report, the area again led the nation in apartment completions over the past 12 months, delivering 39,140 units.
Wood Partners continues to be active across the Lone Star State with numerous groundbreaking projects in several active markets. In June, Wood Partners and partner EIG EuroInvestor GmbH broke ground on Alta Westover Hills in San Antonio, its twelfth community in the region. Additionally, Wood Partners delivered The Albright, a groundbreaking new 261-unit luxury apartment to the Austin community in June.

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AUBURN, AL – Muinzer, a leading private equity firm specializing in student housing, announced the off-market acquisition of Samford Square near Auburn University. Samford Square consists of 752 student housing beds that are 100% leased for the August 2024 school year.
Muinzer’s buy of Samford Square follows its acquisition of Evergreen Auburn in May 2024.
“The combination of our access to capital and our veteran student housing management team gives us a significant runway to continue acquiring. I’m very proud of the Muinzer team for executing on yet another off-market acquisition,” said Marc Muinzer, Founder and CEO of his namesake firm.
Muinzer started investing in student housing in 2002 and is one of the largest owners and operators in the Huge Ten and SEC Conferences.
“We have long-term conviction in student housing and are actively deploying capital towards our goal of acquiring an additional $2 billion of student housing communities near high-growth universities,” added Michael Snyder, COO of Muinzer.

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