WASHINGTON, DC -The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with Marshall Heights Community Development Organization, Inc. (MHCDO), has closed on construction financing for Emblem, a 115-unit, entirely affordable housing community in the middle of the thriving NoMa and Union Market neighborhoods. The community will be entirely reserved for families and individuals earning up to 30% and 50% of the Area Median Income (AMI).
Breaking ground on Emblem is a resounding win for affordable housing in Washington D.C., said Chris Marshall, Vice President of Development at The NRP Group. Together with our dedicated partners, NRP and MHCDO have set the standard for bringing deeply affordable housing to a high-profile, high-opportunity neighborhood. Emblem has been designed to provide housing for the District s working professionals, particularly service and hospitality professionals who might otherwise endure long commutes from home to work. This community will enable them to live closer to work as well as the area s many walkable amenities, while also fostering a spirit of inclusivity within the neighborhood.
Located at 301 Florida Avenue NE, Emblem will be built on a triangular 2/10-acre site in the heart of the District and just over one mile from the U.S. Capitol Building. Future residents will be within walking distance of the city s Metro system and two high-frequency bus lines, allowing simple access to employment, education and recreation opportunities.
The 13-tale, flatiron apartment building is immediately adjacent to the Union Market District, home to renowned dining, trendsetting boutiques and dynamic nightlife. The building is also within walking distance of several grocery stores, high-performing schools and the Metropolitan Branch Trail serving commuters and recreation-seekers alike.
Emblem represents Washington D.C.’s efforts to address the long-standing need for affordable housing and ensure its equitable distribution across all Wards, said Babatunde Oloyede, president and CEO of Marshall Heights Community Development Organization. This new community will both enhance the neighborhood s dynamic atmosphere and provide much-needed affordable housing. MHCDO has served under-resourced neighborhoods in D.C. for over 45 years and is honored to collaborate with The NRP Group on this project, setting a precedent for quality affordable housing in high-opportunity neighborhoods.”
Mayor Bowser has charged all of us across the public and private sectors to work together to make affordable housing throughout DC, especially in high-opportunity neighborhoods, said Deputy Mayor Albert. Emblem is an exciting new project that will welcome residents to this growing and vibrant area of our city.
“It can take a variety of financial resources layered upon one another to make new affordable housing units, said Colleen Green, Director of the DC Department of Housing and Community Development. In the end, it s worth it when projects like Emblem produce new affordable rental units for District residents with nearby amenities that can aid in their quality of life. One of our goals when investing in an affordable housing project is to ensure that District residents can stay in the city.
Emblem represents the 21st project in the DC Housing Finance Agency s risk share portfolio and the first transaction that we have completed with The NRP Group and NRP s first affordable housing deal in the District, said Christopher E. Donald, Executive Director, and CEO of the DC Housing Finance Agency. We are excited to work with them on the continued transformation of the NoMa neighborhood. The project will add deeply affordable units to a rapidly growing and changing neighborhood to ensure that economic and social diversity can continue to exist.
A variety of on-site amenities will be available to Emblem residents, including a dedicated toddler playroom, an oversized bike storage room, and a multi-purpose community room. The community center will serve as a hub for resident services and events, fostering a sense of community and providing a space for gatherings, workshops and other activities that promote resident engagement and well-being. Resident service workshops will include targeted financial service training as well as entrepreneurship and economic mobility programming for individuals striving for self-sufficiency, ensuring they have the tools and support necessary to thrive.
Emblem’s financial partners include DC Housing Finance Agency (DCHFA), Department of Housing and Community Development (DHCD), DC Housing Authority (DCHA), DC Green Bank, and Bank of America. The development team is grateful for the timely and responsible reviews from DC Water, the DC Department of Buildings, and the District Department of Transportation to ensure that this project started construction within the necessary timeline.
Construction will start in 2024, and Emblem is expected to be completed in 2026.

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ATLANTA, GA – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of The Levi, a 212-unit Class A multifamily community located in the Atlanta suburb of Stockbridge in Henry County.
“With its central location along the I-75 corridor, Henry County serves as a major conduit between Atlanta, Savannah and Florida and has seen tremendous population growth in recent years,” said Josh Purvis, managing partner for Thompson Thrift Residential. “Despite a competitive landscape with significant barriers to entry, our team’s deep experience and unwavering commitment to quality enabled us to secure a prime location in this highly sought-after area.”
Located at 2245 Jodeco Road, The Levi will span nearly 15 acres and provide 212 one-, two- and three-bedroom apartment homes averaging 1,100 square feet. Apartment homes will feature premium interior finishes that all Thompson Thrift communities are known for including stainless-steel appliances, hardwood-style flooring, a walk-in shower, various smart home capabilities, full-sized washers and dryers and a detached garage. Certain upgraded homes will also feature premium cabinetry with soft-close doors with a full-height backsplash, a deluxe closet system with shelving and attached garages.
The signature living experience continues throughout the gated community with a 24-hour fitness center, resort-style swimming pool, firepits, a pickleball court, a dog park, pet spa and a Starbucks™ coffee bar. Residents will also delight in socializing and relaxing in the outdoor seating areas, cooking on the outdoor grills, or working remotely in the focus suites.
The Levi is conveniently located within the 158-acre master-plotted community of Bridges at Jodeco, providing several retail options within walking distance, including Costco Wholesale and Starbucks. Other major retailers, such as Target, The Home Depot, and PetSmart, are just a small drive away. An abundance of dining options, including the first two-tale drive-thru Chick-fil-A, are also nearby.
The Atlanta market is consistently ranked as the leading region in many key areas, including the top metro area for economic growth potential, the top moving destination in the U.S., and the best airport in the world since 1998. Demand for multifamily remains strong, especially in Henry County, which has attracted nearly $2 billion in new investments producing more than 7,700 jobs in the last six years.

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DALLAS, TX – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Encore Apartments, located in the Legacy area of Plano in North Texas. The Encore Apartments represents the inaugural investment of Knightvest Capital’s second fund.
The Encore is a three-tale, 240-unit community of one- and two-bedroom apartment homes constructed in 2013. The property also boasts a resort-style pool and fitness center. Knightvest plans to transform the community by renovating the unit interiors, modernizing the property amenities, and adding a resident lounge to further support the live-work-play environment for residents.
The community is located in the quick-growing market of North Plano, in an area known for its concentration of high-wage jobs, exemplary school district, and leading entertainment venues. As Knightvest completes the luxury renovations, the community will provide a high-quality, affordable housing alternative to new construction in the area.
“We’ve been greatly encouraged by investor interest in our new fund given our differentiated capabilities and strong track record of results,” said Knightvest Founder and CEO David Moore. “As the first investment of our new fund, this acquisition represents an vital milestone, and it’s a perfect fit for our proven playbook given the value-add opportunity in one of the best markets in the nation.”

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