CAMBRIDGE, MA – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, the nation’s leading builder of luxury homes, along with joint venture partner PGIM, announced the grand opening of The Laurent, a new seven-tale, 525-unit luxury mid-rise multifamily community in Cambridge, Massachusetts. Construction of The Laurent was financed through a $142 million construction loan facility from Wells Fargo Bank, N.A as Admin Agent, and BNY Mellon, and first occupancy started in October 2023. The community s grand opening celebration including a ribbon cutting event with local officials and development partners, as well as a reception for current and prospective residents.
“The Laurent represents our commitment to bringing luxury living to vibrant locations positioned for growth,” said John McCullough, President of Toll Brothers Apartment Living. “Together with our partners at PGIM, we have set a new standard of apartment living in Cambridge while expanding our footprint in the Boston area.”
The community boasts 21,000 square feet of amenity space, including two fitness centers along with a training studio, a saltwater pool with a lap lane and cabanas, landscaped courtyards, multiple coworking spaces, a social hub with functional bar and gaming lounge, and a rooftop deck with views of Fresh Pond and Boston.
“The Laurent offers an unparalleled living experience, blending modern conveniences with the charm of Cambridge,” said Will Adams, Regional Director of Acquisitions and Development for Toll Brothers Apartment Living in New England. “Residents will appreciate the thoughtful design and high-end finishes throughout the community, as well as the close proximity to all that Boston has to offer.”
The Laurent features a diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom apartments, along with townhomes. Each residence at The Laurent is designed with luxury in mind, featuring Caesarstone quartz countertops, hardwood-style flooring, stainless steel appliances, smart home technology, and floor-to-ceiling windows. Select residences offer balconies or patios and views of Boston.
Located at 55 Wheeler Street, The Laurent is just a ten-minute walk from Alewife Station, providing simple access to Kendall Square, Davis Square, and downtown Boston. The community’s prime location offers convenient access to numerous dining, shopping, and entertainment options.

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SEATTLE, WA – Amazon is committing an additional $1.4 billion in funding to the Amazon Housing Equity Fund, bringing the total to more than $3.6 billion to fund more than 35,000 affordable homes across the Puget Sound region; the Arlington, Virginia / National Capital region; and Nashville, Tennessee. The extension of the Housing Equity Fund underscores Amazon s commitment to affordable housing and to helping thousands of families live closer to where they work or near transportation hubs, removing a major barrier to success.
In January 2021, Amazon launched the $2 billion Housing Equity Fund with the goal of making and preserving 20,000 affordable homes across three of its hometown communities within five years. The Fund is designed to help moderate- to low-income residents access quality affordable housing. Amazon also announced today that it has exceeded its original goal two years early by providing $2.2 billion to make and preserve more than 21,000 affordable homes.
We made the Amazon Housing Equity Fund to preserve and make homes that will remain affordable for the next century, ensuring families can stay in their communities for generations to come, said Amazon CEO Andy Jassy. We hope that our additional commitment — coupled with other public and private resources — will help make a meaningful difference for thousands more people and enable these regions to thrive.
The Housing Equity Fund supports affordable housing developments focused on households that earn 30% to 80% of the area median income. That often includes first responders, teachers, health care workers, and others who may not typically qualify for subsidies but whose wages haven t kept pace with escalating rents.
Amazon is also intentional about making greater economic equity by supporting diverse-led developers through the Amazon Housing Equity Accelerator, a free, eighteen-month program, designed to foster the careers of diverse real estate developers while lowering the barriers they often face. Amazon has invested over $25 million to support the program, which has graduated 38 diverse developers to date. Amazon is continuing to fund this program as part of today s announcement.
The 21,000 homes that the Fund has already helped to make and preserve will enable more than 46,000 residents to access affordable housing, and the majority of this housing will remain affordable for a century. The Fund is also designed to place this housing in areas that will positively impact these residents quality of life. For example, 92% of homes funded are near bus or rail stations to reduce transportation costs. In addition, while many new multi-family developments today consist primarily of studio and 1-bedroom units, 41% of the homes funded so far have two or more bedrooms to serve families.
Here s a snapshot of the progress to date across the Fund s three communities:

Helping make and preserve 9,500+ homes across the National Capital region and increasing Arlington, VA s affordable housing stock by 23%.
Funding a total of 8,600+ homes across the Puget Sound region in Washington and increasing affordable housing stock by 30% in Bellevue, WA.
Funding over 3,100 affordable homes across the Nashville, TN region.
Funding 32% of the projects in partnership with diverse-led developers from these communities.

While the initial $2.2 billion primarily supported affordable rental housing, the Housing Equity Fund is also piloting other ways to increase access to affordable housing. For example, in 2023 Amazon funded a $40 million program to make it simpler for moderate-income residents to become homeowners, with the goal of making generational wealth for historically underserved communities. Going forward, Amazon will continue to pursue new ways for the Fund to make positive housing outcomes for low- to moderate-income residents.

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FARGO, ND – Gindi Equities announced the acquisition of the Osgood Townsite Apartments, a multifamily community in Fargo, North Dakota, from Property Resources Group. The buy marks Gindi’s entry into the Fargo market, as the firm expands its national portfolio of premier residential assets.
Gindi plans to invest in a renovation program to modernize and enhance the Class-B property. Plotted improvements include redesigned kitchens and bathrooms and upgraded building exteriors and grounds. Gindi will also implement sustainable elements and energy savings fixtures to increase efficiency and reduce utility costs. Property Resources Group will continue to manage and service the asset.
“Our strategic renovations will drive value and make Osgood one of the most sought-after housing options in the Fargo metro area,” said Al Gindi, President and Co-Founder of Gindi Equities. “Governor Burgum’s policies have made North Dakota a very attractive market to invest in. While this is our first acquisition in Fargo, we plot to continue to expand our holdings in this thriving market as we build a diversified portfolio across the country.”
With this acquisition, Gindi’s multifamily portfolio is valued at over $250 million and spans 2,000 units in the United States. Gindi aims to expand its portfolio to over $300 million in holdings by 2025 as part of the firm’s strategic growth plot. Over the past 12 months, Gindi has bought nearly 500 apartment units in some of the best submarkets in the Southeast and Midwest. In addition to Osgood, other recent acquisitions include a multifamily community in Greensboro, NC.
Built in 2004, Osgood is located at 4901 44th Avenue South and encompasses 243 apartments ranging in size from one to three bedrooms. Features and amenities including individual garages, a playground, and simple access to Fargo’s employment hubs make a comfortable living experience for residents.
With a high-earning population and business-friendly environment, the Fargo metro area is a growing hub for the tech, agriculture and healthcare sectors. Located in Southwest Fargo, Osgood is surrounded by a vibrant community that continues to draw professionals and families with its quality schools, robust retail and entertainment options, leading healthcare facilities and simple access to both major interstates. In addition, a nine-hole golf course is adjacent to Osgood.

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