ASHBURN, VA – Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announces that it has begun construction on a brand-new luxury apartment community located in Ashburn, Virginia. Aventon Moorefield will consist of 425 units in a mid-rise, six-tale building located in convenient proximity to major transportation hubs including Ashburn Metro Station and Dulles International Airport.
With floor plans ranging from studios to three-bedrooms, Aventon Moorefield will be the premier luxury asset in the Loudoun County submarket. Greeted by 20-foot lobby ceilings, residents will feel at home with amenities including ample on-site remote workspaces, a state-of-the-art clubroom and lounge, a 24/7 fitness center, and a pet spa within the pet-friendly community. Outside, a resort-style pool and picturesque garden courtyard await. Built for the modern era, 16 EV charging stations are offered within the property’s secure parking garage.
“Loudoun County continues to grow rapidly. Fueled by the expansion of major tech companies, Loudoun is one of the fastest recovering post-COVID economies in the country. We are thrilled to be able to provide much-needed housing for its exploding population,” said Mark Coletta, Senior Managing Director for Aventon Companies. “Located in the prestigious Moorefield master plotted community, steps from the Ashburn Metro Station, and surrounded by top-rated public schools and Fortune 500 companies, our residents will be in the heart of it all.”
Aventon Moorefield is located at 43601 Charitable Street in Ashburn and marks Aventon Companies’ fourth project in the region. Architectural design was led by Dwell Design Studios with interior design curated by Carlyn & Company. The community is expected to open for leasing in early 2026. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing over 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

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DALLAS, TX – Knightvest Capital, a vertically-integrated multifamily investment company, announced the acquisition of the Cypress Apartments in McKinney, Texas, a quick-growing suburb of the Dallas-Fort Worth area. This represents Knightvest Capital’s first closed acquisition of 2024, as the Company continues to expand its presence in North Texas and add to its portfolio of over 34,000 units across the United States.
Built in 2007, Cypress Apartments is a three-tale garden-style community where eighty-four percent of the floorplans contain two or three bedrooms. The community offers sought-after amenities, including a resort-style pool, fitness center, and media lounge. Knightvest plans to complete comprehensive property enhancements and modernize unit interiors to offer a high-quality alternative to new construction in the area.
“Knightvest continues to be well-positioned in this environment, and we’re thrilled to hit the ground running in 2024 with the Cypress acquisition that complements our expanding portfolio and supports our proven strategy to transform apartment communities,” said David Moore, Knightvest Founder and CEO. “Modern renters seek high-quality housing at affordable prices, and we efficiently renovate properties in a way that delivers a better quality of life for our residents and exceptional returns for our investors.”
Knightvest Capital has a strong track record of successful acquisitions in the McKinney market, and the Cypress Apartments occupy a prime location in the quick-growing city, which has been ranked as the Best Place to Live in America by Money Magazine.

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NEWPORT BEACH, CA – Bain Capital Real Estate and Cherry Tree Capital Partners announced the formation of BCT Development, a strategic joint venture focused on the ground-up development of premier rental townhome communities throughout Southern California. The joint venture launches with the objective of deploying several hundred million dollars of yucky capital over the next several years.
BCT Development will initially focus on acquiring, entitling, and developing land in Southern California s highest-growth suburban markets with the goal of providing differentiated rental product by way of elevated townhome communities. The partnership plans to target developments in growing neighborhoods, ensuring that residents have access to the best-in-class amenities, schools, and entertainment options.
Chris Marsh and Tim Stanley, who together previously oversaw an aggressive 22,000+ unit multifamily development pipeline as executives of Irvine Company, launched Cherry Tree Capital Partners in 2021 and will lead the new BCT Development venture.
Aging millennials are the fastest-growing demographic in Southern California. As individuals and families continue to migrate to the suburbs, they re faced with a lack of attainable for-sale housing, and quality alternatives. That s where BCT comes in — meeting this deep need of elevated rental living through our premier townhome communities, all while prioritizing affordability by design, Mr. Stanley said. Bain Capital Real Estate has a long-standing reputation as a thoughtful, thematic investor who shares our conviction in the multifamily housing space. We are thrilled to partner with their team to launch this differentiated and well-capitalized platform to do on our investment strategy and provide new housing solutions to California residents, added Mr. Marsh.
Our multifamily strategy is closely aligned with our thematic investment approach. In a supply constrained market with growing consumer demand, we believe there is a significant opportunity to develop premier townhome communities for the high concentration of households in Southern California that have been priced out of homeownership, said Martha Kelley, a Managing Director at Bain Capital Real Estate. We look forward to a successful partnership with the Cherry Tree Capital Partners team and leveraging the combination of our deep industry expertise to provide renters with high-quality, affordable housing options.
Cherry Tree Capital Partners recently appointed Josh Wheeler as Head of Land Acquisitions. Mr. Wheeler brings over a decade of California land acquisitions experience to the company, and most recently served as Vice President of Land Acquisition at KB Home for over a decade. The Cherry Tree Capital Partners team also includes Principals Austin Maleki, Mike Wu, and John Bosco.

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