WEST MELBOURNE, FL – Venterra Realty recently bought the Avasa Hammock Landing community located in West Melbourne, Florida. The 300-unit multi-family community was newly built in 2023 and offers modern one, two, and three-bedroom garden-style residences that range from 769 – 1484 square feet in 12 unique floor plans.
The apartments feature high-end interiors including quartz countertops, stainless steel appliances, deep single-basin sinks, subway tile backsplash, soaking tubs, and ample closet space. The property provides renters with access to a best-in-class amenity package including a resort-style pool area, with a saltwater swimming pool, a pavilion with grills, tables, TVs, and a hammock lawn, as well as a 24/7 fitness center, yoga studio, remote workspaces, bark park and dog wash station.
Located in West Melbourne, the property is situated along the I-95 corridor at the south end of the “Space Coast” and is adjacent to Venterra’s Luminary at 95 property. Both properties offer convenient access to major employers in the aerospace and defense industries in Melbourne, as well as walkability to a nearby shopping center that includes a Publix and a Super Target.
Venterra will implement its resident-focused programs such as the Live it. Like it. Guarantee, the 48-Hour Maintenance Guarantee, and SMARTLEASING.
“We have seen brilliant growth in the Florida Market, and are excited to expand our portfolio with Avasa Hammock Landing as our second property in the West Melbourne area,” said John Foresi, CEO of Venterra Realty. “Venterra has become known as a company that is committed to providing a market-leading living experience, and we look forward to identifying opportunities to further enhance the standard of living at Avasa Hammock Landing by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

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SILVER SPRING, MD – Green Street Housing and TM Associates Development, two of Maryland’s largest affordable rental housing developers, hosted a groundbreaking ceremony for Sligo Apartments in Silver Spring, Maryland.
Sligo Apartments is a new construction residential development, that is 100% affordable with restricted rents. Sligo Apartments will provide a modern, high quality apartment community dedicated to providing quality affordable housing to qualifying tenants in need, as well as market rates units and commercial rental space.
The property is financed through a Low-Income Housing Tax Credit (LIHTC) investment from Hudson Housing Capital and Capital One – who is also providing the permanent debt financing, as well as loans from the Maryland Department of Housing and Community Development.
Ed Delany, Community Finance Senior Capital Officer for the Mid Atlantic at Capital One said “At Capital One, we know that financing the creation and preservation of affordable housing is essential to mitigating the ongoing crisis across the nation, and especially in Montgomery County. We were pleased to once again leverage the LIHTC program, as well as provide construction debt and a Freddie Mac permanent loan, to bring the new Sligo Apartments development to life.”
The co-developers, Green Street Housing and TM Associates Development, have developed many similar projects across Maryland and are proud of Sligo’s promise to provide affordable housing to its residents and serve as a long-term community asset to Silver Spring and the surrounding area.
“Sligo Apartments is a fantastic project and we are excited to bring another high-quality affordable rental community to Maryland,” said Dave Layfield, Principal of Green Street Housing.

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PHOENIX, AZ – Toll Brothers, the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Willton Investment Management have announced a new joint venture to develop Lumara, a four-tale, 456-unit multifamily rental community in Phoenix, Ariz. The project is being financed through an $86 million construction loan facility from Santander Bank N.A. as agent and Alerus. The equity and debt were arranged by Toll Brothers in-house Finance Department.
The community will consist of 456 rental apartments and more than 700 parking spaces, including some with EV (electric vehicle) charging stations. The apartment units will feature high-end luxury finishes and a best-in-class amenity package, including a heated resort-style pool, rooftop terrace, outdoor fitness lawn, putting course and virtual sport simulator, sculpture garden and private walking trail, and business conference room.
Lumara is located in the heart of the Deer Valley submarket in North Phoenix, just a 10-minute drive from Taiwan Semiconductor Manufacturing Company s future microchip manufacturing plant.
John McCullough, President of Toll Brothers Apartment Living, said, With strong growth in the area, including a burgeoning tech manufacturing presence nearby, Lumara will be a welcome addition to this North Phoenix location that is poised for further expansion. The high-end finishes and luxury amenities we have plotted for Lumara will truly set this community apart in the market.
Fred Cooper, Senior Vice President, Finance and Investor Relations for Toll Brothers, said, We are excited to be partnering on our first transaction with Willton, whom we have known and admired for many years. We are also pleased to close another construction loan with Santander, whose relationship with us stretches across many projects and many U.S. markets, and to welcome Alerus to our lender family.
Chris Luo, Chief Executive Officer of Willton Investment Management, said We are very excited to start this new partnership with Toll Brothers and grow our investment footprint in Phoenix. Lumara will benefit from best-in-class sponsorship, market-leading design and quality, and convenient access to employment. We are grateful to the entire Toll Brothers team for their diligence, professionalism, and commitment to excellence throughout the development process.
Including Lumara, Toll Brothers Apartment Living has six multifamily community developments completed or under construction in Arizona totaling over 2,150 units.

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