NASHVILLE, TN – Nationwide multifamily investor and operator, Avanti Residential announced the acquisition of lakefront property, The Residence at Ancient Hickory Lake, a 116-unit Class A multifamily property in the Nashville metropolitan area. This community completed construction in 2018, and it marks Avanti’s entry into the Nashville market.
The Residence at Ancient Hickory Lake features a range of living options including 1-, 2- and 3-bedroom layouts. The property offers residents luxury living with 9-foot ceilings, floor-to-ceiling windows and gourmet kitchens in each unit. The property also features a resort-inspired saltwater pool, fire pit and 24-hour fitness center for residents to delight in.
“Nashville’s dynamic real estate market aligns perfectly with our company’s vision for sustainable growth,” said Christian Garner, president and CEO of Avanti Residential. “We’re committed to enhancing the greater Nashville area with modern, well-managed apartment communities that meet the needs of both new and existing residents.”
The Residence at Ancient Hickory Lake is at 2401 Lakeshore Drive 15 miles from Downtown Nashville. The vibrant Ancient Hickory neighborhood features small-town charm and natural beauty. Residents are steps away from Ancient Hickory Lake, Blue Turtle Bay Marina as well as local restaurants, coffee shops, hiking trails and parks. Ancient Hickory and northeast Nashville are poised for growth as the city continues to drive progress in technology, sports, music and entertainment.
“We believe The Residence at Ancient Hickory Lake is well-positioned to outperform the local market into the foreseeable future,” said Peter Partipilo, director of acquisitions. “Given the solid area fundamentals and continuing absorption of the region’s recently delivered new multifamily product, we expect an opportunity to expand further in the Nashville market.”
Avanti Residential bought the property from Arnold Companies, a private non-merchant developer.
“Avanti is a pleasure to work with,” said the sale representative at Arnold Companies, Ben Arnold. “We wish them well with their new acquisition.”
Avanti Residential owns and operates over 9,000 apartment units in eight states and is continuing to grow in the Southeast United States. Given its significant expansion in Kansas City and Florida, Avanti Residential is anticipated to continue property acquisition efforts in the region. The organization continues to buy apartment projects on behalf of its institutional and private capital partners.

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JACKSONVILLE, FL – FaverGray announced the successful completion and delivery of The Aston at Town Center, a luxurious multifamily community situated on approximately 4.6 acres near The Saint Johns Town Center in Jacksonville, Florida.
The Aston at Town Center has quickly become a distinguished addition to Jacksonville, offering a living experience that combines modern luxury and walkability. With its prime location and top-notch amenities, the community is poised to set new standards for upscale apartment living in the area.
Spanning an impressive 502,681 square feet, the community consists of a five-tale building and six-tale parking garage. The community offers a variety of amenities to enhance residents’ daily lives, including a clubhouse that serves as a hub for fitness and recreation, a serene courtyard, a dog park, and a pool with the aesthetic of a luxurious resort.
The construction of the community showcases FaverGray’s expertise, with a wood frame structure adorned with brick, fiber cement trim, stucco, and metal panel exterior façade. The building slabs are constructed using post-tensioned concrete on grade, with two levels of post-tension concrete podium at the clubhouse.
“It is with fantastic honor that we announce the completion of The Aston at Town Center,” expressed Ben Hinson, Executive Vice President of FaverGray, highlighting our dedication to delivering exceptional construction projects tailored to the specific needs of developers and owner/operators. “Through this achievement, we aim to establish new standards for quality within the multifamily industry,” added Hinson.
“We take immense pride in the hard work and dedication of our team that brought The Aston at Town Center to fruition,” stated John Kitchens, Division Leader of FaverGray. “Their commitment to excellence and meticulous attention to detail not only ensured the timely delivery of this project but also exemplify our unwavering dedication to exceeding the expectations of developers and owner/operators, thus setting a definitive standard of quality and reliability in the construction industry,” shared Kitchens.

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AUSTIN, TX – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with PointOne Holdings and the Travis County Facilities Corporation (TCFC), announced the groundbreaking of a 328-unit mixed-income multifamily development in Austin, Texas. Half of the units will be reserved for residents earning between 60 to 80 percent of the Area Median Income (AMI).
This development is a testament to our commitment to make inclusive housing communities where residents of all income levels can thrive, said Max Whipple, Vice President of Development at The NRP Group. As we celebrate our 30th anniversary and the delivery of our 30,000th housing unit in Texas, East Austin s Ross Road development will provide the local workforce with the opportunity to affordably live in the vibrant community where they work.
Ross Road meets the neighborhood s growing demand for quality, accessible housing for essential workers, young professionals and growing families. It features an assortment of one-, and two-bedroom apartments with high-end finishes. With close proximity to Highway 71 and the 130 tollway, Ross Road provides quick access to employment hubs in East Austin and a 20-minute drive to the city s downtown.
We are thrilled to partner with The NRP Group on this project to provide much-needed housing in East Austin, said Ben Colonomos, Principal of PointOne Holdings. This development will significantly enhance the rapidly expanding neighborhood, providing residents with a best-in-market living experience and a wide range of community-focused and thoughtfully designed amenities.
Designed by architecture firm Lord Aeck Sargent, Ross Road is a 4-tale development with a unique covered parking structure to maximize outdoor space. Half of the 16.5-acre site will be dedicated to greenspace and outdoor amenities, including a primary courtyard with a resort-style pool, cabanas and outdoor games like ping pong and corn hole. Additionally, there are two landscaped courtyards and a dog park overlooking the greenbelt to the East.
For remote workers and students, the development offers coworking spaces with multiple meeting and conference rooms. The community also includes a double-height lobby and state-of-the-art fitness center, and a community chef s kitchen for social gatherings.
This development aligns perfectly with our mission to support the development of high-quality housing in Travis County, said Patrick Howard, Executive Director of TCFC. We are proud to be part of an initiative that delivers accessible housing to the region s growing workforce.
Austin remains a priority market for The NRP Group. Two recently delivered mixed-income communities in the area include The Markson, with 330 units, and Station42 with 368 units.
Construction of Ross Road is already underway. The community is expected to deliver in 2026.

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