REVERE, MA – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced construction is underway at Modera Revere Beach, a contemporary apartment community located on the oldest public beach in the U.S.
Modera Revere Beach, which will feature 357 apartment homes, will offer magnificent 360-degree water views in a relaxed beach setting. Consisting of two residential buildings atop a shared podium, the community is positioned in the greater Boston metropolitan area and within walking distance of the vibrant commercial heart of Revere Beach. First go-ins are anticipated for fall of 2025.
“Modera Revere Beach will offer the unique dynamic of a tranquil beach setting not too far removed from Boston’sthriving entertainment and employment centers,” said Tim Alexander, managing director of development in Boston for Mill Creek Residential. “We believe the community will quickly become a best-in-class offering with its thoughtful finishes and refined suite of amenities, and the unique location will add further appeal for discerning renters. We look forward to joining the Revere Beach community.”
Situated at 550-560 Revere Beach Boulevard, the community will offer ocean views to the east and overlook the inland waterway to the west. Residents can access Revere Beach Boulevard and easily connect to Route 1A, which provides connectivity up and down the North Shore of Boston. A community shuttle will provide access to the Wonderland station on the MBTA Blue Line, which provides direct access to Boston in a 10- to 15-minute commute.
Modera Revere Beach will offer studio, one-, two and three-bedroom homes with select den layouts and an average size of 901 square feet. The community will be built to, and is pursuing, a LEED Silver Certification. Community amenities will include a resort-inspired swimming pool on an elevated courtyard level with ocean views, rooftop deck, grilling area, fire pit, outdoor dining area, resident clubhouse, game room, pool table, coffee bar, dedicated dog run, pet spa and a club-quality fitness center with cardio equipment, individual TVs, group fitness area and yoga/Pilates studio. Residents will also have access to a conference room, private workstations, co-working spaces, digital package lockers, controlled-access garage parking, EV charging stations, bike storage and additional storage space.
Home interiors include nine-foot ceilings, wood plank-style flooring, stainless steel appliances, quartz countertops, tile backsplashes, moveable kitchen islands, breakfast nooks, walk-in closets, built-in desks and in-home washers and dryers. Bathrooms will include tile shower surrounds with double vanities and linen closets in select homes. Smart features will include a key fob system, programmable thermostats, controlled guest-access technology, smart leak detection and bulk WiFi.

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RALEIGH, NC – Wood Partners, a national leader in multifamily real estate development, in partnership with PGIM Real Estate, announced the grand opening of their latest residential community, Alta Town Center, located in Raleigh, North Carolina.
Located in Northeast Raleigh at 6501 Town Center Drive, Alta Town Center is situated in one of the Triangle s fastest growing areas. With quick access to both I-540 and Capital Boulevard, residents will benefit from brilliant connectivity throughout the Triangle. In addition, the community is located within minutes of an abundance of retail options.
“We are thrilled to see Alta Town Center come to life as we welcome residents to our new extraordinary property in Raleigh, said Caitlin Shelby, Managing Director for Wood Partners. We are confident that Alta Town Center will provide an exceptional living experience by combining high-quality amenities, comfortable homes, and a convenient location. We look forward to seeing residents thrive and make lasting memories here.”
Alta Town Center offers 336 apartment homes comprised of one-, two- and three-bedroom floor plans. Homes will feature stainless-steel appliances, granite countertops, tile backsplashes, in-unit washer and dryer sets, large walk-in closets, and sizeable balconies.
Alta Town Center also offers a wide range of attractive amenities, including a resort-style pool with poolside cabanas, outdoor grilling and lounge areas, outdoor fitness equipment, and an on-site pet park and pet spa. Inside the community club house, residents will delight in a state-of-the-art fitness center, coworking spaces, and areas to mingle, such as the hospitality bar and game room.
PGIM Real Estate invested in Alta Town Center through Impact Value Partners (IVP), its private equity impact fund that invests in affordable housing and transformative development in the U.S.

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ORLANDO, FL – Toll Brothers, the nation s leading builder of luxury homes, through its Toll Brothers Campus Living student housing rental division, and Boston-based real estate investment, development and management firm The Davis Companies, announced a new joint venture to develop Aperture, a 680-bed (204-unit), two-building, five-tale multifamily rental community in Orlando, Florida adjacent to the University of Central Florida (UCF).
The project is being financed through a $50 million construction loan facility from TD Bank, N.A. The equity and debt were arranged by Toll Brothers in-house Finance Department.
Aperture is located at 12727 East Colonial Drive in Orlando on 8.2 acres in proximity to UCF. The community will consist of 204 rental apartments and will feature a state-of-the-art fitness center, an e-sports gaming center, computer lounge with printing, content creation studio, LuxerOne Package Locker System, courtyard with cabanas, grills and firepits, and a resort style pool with sunshelf. Residents will have access to a private five-minute shuttle to campus, as well as a parking garage that will include EV (electric vehicle) charging stations.
UCF has the second largest on-campus enrollment of any public university in the U.S. with nearly 70,000 students enrolled in the 2022 – 2023 academic year. The university has consistently grown over the past 10 years, supported by strong population growth in Florida and increased recognition of its academic and athletic programs. It is ranked 64thamong the Top Public Universities and 14th for Most Innovative Schools in the nation according to U.S. News & World Report.
Toll Brothers Campus Living develops communities that combine modern amenities and strategic community design to fit the needs and lifestyle of students. Toll Brothers Campus Living will manage the property s development, construction, and asset management, as well as handle marketing and leasing in partnership with Davis.
John McCullough, President of Toll Brothers Apartment Living, said, We are excited to expand our student housing presence in Florida with the development of Aperture near the University of Central Florida. Ideally situated near one of the largest public universities in the country, Aperture will help meet the growing need for high quality student housing options at UCF. We look forward to welcoming students to this incredible community in the fall of 2025.
Demand for elevated student housing continues to rise across the country as highly-amenitized offerings gain prevalence in the market, especially in the Sun Belt region, said Jerry Murphy, Managing Director, Investments at Davis. We are confident that our expanding portfolio of student housing developments will provide key value for our investors and are glad to continue our long-term partnership with Toll Brothers through the delivery of this best-in-class student residence.
Aperture is the second Toll Brothers multifamily project in Florida and joins the growing Toll Brothers Campus Living student housing portfolio nationwide. Previous developments include Lapis at Florida International University (FIU), which opened in 2023, The Yards at Ancient State at The Pennsylvania State University, which opened in 2020, Canvas at Arizona State University, which opened in 2021 and was sold in 2023, and Terrapin Row at the University of Maryland, which opened in 2016 and was sold in 2017. In 2024, Toll Brothers Campus Living anticipates the opening of The 87 at the University of Notre Dame and Kinetic at the Georgia Institute of Technology.
This joint venture represents the latest project in Davis growing student housing portfolio as colleges and universities seek to meet the demand of increased student populations. Other student housing projects in Davis portfolio include The Lex at the University of Kentucky and William at the University of Georgia.
Fred Cooper, Senior Vice President, Finance and Investor Relations for Toll Brothers, said, We are thrilled to launch our eighth development joint venture with Davis consisting of projects totaling over $625 million in total capitalization located in urban and suburban markets across the U.S. We are also excited to have the support of TD Bank, with whom we have had a multi-faceted relationship for many years.

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