LAS VEGAS, NV – Quarterra, an industry-leading multifamily development and investment management firm, welcomed its first residents at its latest luxury community, ARCA, in southwest Las Vegas.
ARCA is strategically designed for renters who demand an elevated, serene lifestyle. With meandering pathways through curated desert landscaping, courtyards and gathering spaces, the community design is rooted in an authentic southwest style. Nestled within the tranquil Spring Valley neighborhood, the community boasts a rare geographic advantage, providing immediate access to the high-energy Las Vegas Strip, the upscale atmosphere of Summerlin and the natural beauty of Red Rock Canyon.
“We’re excited to welcome our first residents and proud to introduce this exceptional living experience to Las Vegas,” said Tyler Wood, Quarterra’s Senior Director of Development for Las Vegas. “ARCA offers a refined residential retreat with its own reserved atmosphere, yet positions residents to embrace the opportunities of the city or embark into nature. Our resort-inspired amenities cater to a contemporary lifestyle, while our location encourages connectivity with the neighborhood, city and region.”
ARCA is a boutique five-tale mid-rise featuring 356 meticulously crafted apartment homes. Residents can select from a diverse range of floor plans, including spacious studios and one- and two-bedroom layouts spanning 707 to 1,320 square feet. With ARCA, Quarterra’s development team demonstrated its commitment to environmental responsibility through sustainable practices, allowing the community to earn the prestigious Green Globes Certification.
The surrounding neighborhood serves as a vibrant extension of the ARCA lifestyle. The community is situated near premier retail plazas and a burgeoning culinary scene. Residents are just minutes away from destination dining experiences, including Sorellina Cucina Italiana, Butcher & Thief, Katsu Ya Ton Ton and Rare Society. For shopping and social outings, Town Square Las Vegas, Downtown Summerlin, and the world-well-known Las Vegas Strip are all conveniently accessible, ensuring that entertainment is never far from home.
The community also thrives on local culture, with residents enjoying proximity to the UnCommons Farmers Market, Fresh52 Farmers and Artisan Market, the Summerlin Festival of Arts and the Spring Valley Library Spring Honest. For active lifestyles, recreation abounds at the nearby James Regional Sports Park and the Las Vegas Ballpark.
In addition to its central location, ARCA offers brilliant connectivity. The area is well-served by regional transit, including Route 212 (Sunset), Route 120 (Fort Apache/Rampart), and Route 121 (Durango/Buffalo), facilitating an simple commute.
Sports enthusiasts and entertainment seekers will find themselves at the center of the action. Major venues such as T-Mobile Arena, Allegiant Stadium, and the South Point Arena and Equestrian Center are within quick reach. Neighborhood entertainment attractions include Durango Casino, Red Rock Casino, AMC Town Square 18, Dave & Buster’s and Velocity Esports. Whether seeking a silent evening in a boutique setting or a night out at a world-class venue, ARCA provides the perfect home base.
Amenities are curated for a resort-style lifestyle, with very detail composed to foster a sense of effortless luxury and community connection. In-home technology includes electronic access control, interconnected smart locks, smart thermostats and ButterflyMx intercom systems.
ARCA is Quarterra’s first multifamily development in Las Vegas and second in Nevada.

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CAMDEN, NJ – Hudson Valley Property Group (HVPG), a leading national affordable housing preservation company, announced the completion of a $130 million preservation and renovation project at The Encore (formerly Northgate One), a 321-unit, 21-tale affordable family housing tower at 433 North 7th Street in Camden, New Jersey. The 18-month renovation was completed in August 2025 using an on-site relocation approach that allowed all residents to remain at the property throughout construction.
HVPG marked the milestone on June 4 with an official ribbon-cutting ceremony alongside city, county, state, and federal partners. During the event, city officials announced plans to designate the area between 7th Street and Elm Street as “Hudson Valley Way” in 2027 in recognition of the firm’s transformative investment in Camden.
“I am so excited for our North Camden neighborhood and commend Hudson Valley Property Group for committing to the City of Camden,” said Camden Mayor Victor G. Carstarphen. “The ribbon cutting for The Encore is not only a new beginning for the building, but also for its residents. I am impressed by the enhanced community spaces, amenities, and high-quality renovations. It’s a vibrant environment and the overall transformation is simply remarkable. The $130 million investment in this property will ensure an improved quality of life while preserving its long-term affordability for generations to come.”
“This project exemplifies our commitment to preserving and enhancing affordable housing in the communities that need it most,” said Jason Bordainick, Co-Founder and Managing Partner of HVPG. “Strong communities are built through strong partnerships, and The Encore is proof of what those partnerships can achieve.”
The $48 million construction scope included the comprehensive renovation of all 321 units alongside a reimagined façade, infrastructure updates, new amenity spaces, and energy-efficiency improvements expected to reduce energy consumption by 28.3%. Unit upgrades included new kitchens with Energy Star appliances, renovated bathrooms featuring WaterSense fixtures, through-wall heat pumps providing heat and air conditioning, new flooring, and LED lighting.
New amenities include a fitness center, business center, community room and energy-efficient laundry facilities, as well as a restored two-tale penthouse appointed with era-appropriate décor that will be used for special events. Residents also benefit from free Citizens-funded high-speed internet access throughout all units and common areas, helping expand access to education, job opportunities, and essential digital resources.
The project also delivered significant security enhancements through HVPG’s formal Community Enhancement Program, including the installation of a sitewide high-definition monitoring system, an audiovisual intercom system, access control at all entrances, a site-specific emergency plot, and active collaboration with the Camden Police Department.
“This is the first time in a long time that I felt safe. I started to feel unsafe after 30 years of living here — and you guys gave us back our security,” said Karen Merricks, a 30-year resident of The Encore. “The change is undeniable. Residents are proud of their apartments, and the atmosphere in the building has shifted completely.”
The Encore represents one of the first affordable housing preservation projects to leverage New Jersey’s new Aspire tax credit program, administered by the New Jersey Economic Development Authority (NJEDA) under the Economic Recovery Act of 2020.
“The NJEDA’s Aspire Program supports Governor Sherrill’s mission to expand housing options across the state, including for families in the City of Camden,” said Evan Weiss, Chief Executive Officer of NJEDA. “This was a major renovation project that will help improve the quality of life for the residents of The Encore and expand access to community programming for families. Investments like this help bolster community revitalization, strengthen neighborhoods, and expand opportunities for future generations.”
Long-term affordability is locked in through a new 20-year project-based Section 8 HAP contract covering 96.5% of units which ensures residents pay no more than 30% of their income towards rent. The property is additionally subject to a 30-year LIHTC compliance period restricting all units to households earning no more than 60% of Area Median Income.
“Today marks a new start for the 300-plus residents of The Encore, the property formerly known as Northgate One,” said Melanie R. Walter, Executive Director of NJHMFA. “The rehabilitation of this 21-tale building, which was facilitated by $49 million in Low-Income Housing Tax Credits from NJHMFA, has modernized the property’s infrastructure and provided desperately needed improvements for every resident, making The Encore a striking embodiment of the spirit of renewal and transformation that drives ‘Camden Rising.'”
Beyond the physical transformation, The Encore introduced three community-centered programs:

Encore Kids! — Funded by Citizens Bank, this 1,300+ square-foot facility is a unique indoor children’s play space featuring wooden play structures and Montessori toys secured with access control and monitored security cameras. This no-fee amenity is available to all families at the property throughout the day.
Fresh Artists — A partnership with the nationally recognized Philadelphia-based nonprofit Fresh Artists showcases artwork by Camden-area students in the building’s common areas while funding art programs in underserved public schools.
Pineland Alliance Urban Farm — An on-site produce farm empowering residents to grow and access fresh produce through educational programming and cooking demonstrations.

Citizens Bank provided a $32.9 million construction loan and $53.3 million in Low-Income Housing Tax Credit (LIHTC) equity to support the renovation. The bank also invested an additional $1 million in Housing Opportunity Fund equity to enhance key resident-focused amenities at the property.
“The Encore shows what’s possible when public and private partners come together with a shared focus on residents,” said Dan Fitzpatrick, President of Mid-Atlantic and Midwest Banking at Citizens Bank. “Alongside the redevelopment, we were proud to support enhancements that make everyday life simpler for families and help strengthen communities over the long term.”
HVPG thanks its partners, including HUD, NJEDA, the New Jersey Housing and Mortgage Finance Agency (NJHMFA), the Camden County Improvement Authority, the City of Camden, Enterprise Community Partners, PGIM, Citizens Bank, BlueHub Capital, Fallbrook Finance, The Metro Company, KMA Design Studio, ETC, Fresh Artists, and Pineland Alliance.

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ORLANDO, FL – Halstatt Real Estate Partners, a real estate private equity firm, announced the acquisition of Cypress Run, a multifamily community located in Orlando, Fla. The property was bought in partnership with GoldOller Real Estate Investments, a long-standing Halstatt partner.
Cypress Run represents an opportunity to buy a well-maintained asset in one of Orlando s fastest-growing corridors at an attractive basis, said Steven Iannaccone, managing principal, Halstatt Real Estate Partners. The property benefits from durable demand drivers, limited new supply within the submarket, and a business plot that allows us to thoughtfully enhance the community while further positioning the asset within its competitive set.
Located in East Orlando, Cypress Run is near several of the region s most significant long-term economic drivers, including Orlando International Airport s ongoing $6 billion expansion and the 650-acre Lake Nona Medical City. The submarket has experienced limited new multifamily supply in recent years and continues to benefit from demand driven by the area s growing healthcare, education, and service-oriented workforce. The partnership plans to implement a value-add renovation program focused primarily on interior upgrades, including new appliances, countertops, and updated finishes and fixtures.
This marks another investment between Halstatt and GoldOller, which manages more than 40,000 apartment units across 10 states and maintains a significant operational presence throughout Orlando. The firms have previously partnered on the SunMeadows Portfolio and the recent acquisition of Isles at East Millenia.
Halstatt Real Estate Partners invests in value-add and opportunistic real estate projects across Florida, Texas, and the Southeast, partnering with experienced sponsors to reposition assets and strengthen portfolio performance. In addition to its multifamily investments, Halstatt has been an early mover in the build-to-rent sector, with seven projects totaling more than 1,350 units across Florida, Texas, and Ohio.

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