HOUSTON, TX – Venterra Realty bought the Avasa Spring Branch community located in Houston, Texas. The 361-unit, three-tale multi-family community was built in 2023 and offers modern one, two, and three-bedroom mid-rise residences that range from 613-1475 square feet in 21 unique floor plans. The apartments feature granite countertops, stainless steel appliances, larger soaking tubs, and ample closet space along with an brilliant amenity package.
Residents can delight in Avasa’s best-in-class amenity package, spending time in either of the two well-appointed pool areas with grilling areas and social spaces. Additional on-site amenities include a state-of-the-art fitness center, connected yoga/spin studio, clubhouse, and more.
Located on Brittmoore Rd., near the intersection of I-10, the property offers simple access to prominent employment hubs including Memorial City, City Center, Westchase, and the Energy Corridor, and all the shopping, dining, and activities in the area.
Venterra will implement its resident-focused programs such as the Live it. Like it. Guarantee.TM, the 48-Hour Maintenance Guarantee, and SMARTLEASING.
“We have seen brilliant growth in the Houston area and are excited to expand our Texas portfolio with the addition of Avasa Spring Branch,” 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 Spring Branch by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

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PALM SPRINGS, CA – Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, announced the acquisition of Sunnyview Villa in Palm Springs, Calif., a community of one- and two-tale buildings reserved for residents earning between 30% and 60% AMI. CPP s renovation and investment will renew the property s affordability status for an additional 55 years.
Located at 2950 N. Indian Canyon Road in North Palm Springs near the historic Racquet Club West neighborhood, the 44 units at Sunnyview Villa will undergo extensive renovations to improve residents quality of life.
Sunnyview Villa was built in 1980 and has experienced deferred maintenance over the years. Improvements to the apartment interiors will include installation of new kitchen cabinets and countertops, low-HOV vinyl flooring, Energy Star appliances and energy efficient lighting. Exterior renovation will include new roofing, energy efficient lighting in common areas and painting of all structures. Additional work will upgrade the ADA path of travel to be compliant.
Technological improvements include the addition of a computer room, security video surveillance, in-unit wireless internet, a social coordinator and transportation options.
CPP is partnering with LifeSTEPS to make a program for residents health and wellness. Services include effective educational and supportive services designed to maximize resident strengths and build resilient communities.
The value that LifeSTEPS brings is a huge part of the community s renovation, said Karen Buckland, Vice President of Development at CPP. We have worked with the organization in the past and they have proven to be integral in setting up an vital support system for residents.
CPP s total development investment is expected to be approximately $20.7M, with a buy price of $11.25M and an expected renovation investment of approximately $89,000 per unit. Renovations are expected to be completed in December 2023.
Development partners on the project include WNC & Associates, which is providing 4% tax credit equity, bond issuer California Municipal Finance Authority and Red Stone Equity Partners. It is through partnerships like these that CPP is able to provide essential social services to residents, support neighborhood initiatives and transform multi-family affordable housing communities.

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MIAMI, FL – GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of Altís Ludlam Trail from The Altman Companies, a 312-unit, wrapped-style community located in Miami that will be rebranded as Windsor Ludlam Trail.
The community features a roof-top heated swimming pool with a sun deck and poolside cabanas, a fitness center with cardio and yoga rooms, a game lounge, movie theatre, business center, and flex work-from-home spaces.
Located in the West Miami submarket of Florida, with proximity to major thoroughfares Highway 826, 836, and US Route 1, the community is uniquely positioned adjacent to the Ludlam Trail, a 6.2-mile linear greenway connecting a vast network of 30,000 residents, five schools, six parks, and nearly 50 acres of green space. The Ludlam Trail also serves as a major alternative transportation option for non-vehicular travel to the Blue Lagoon and Dadeland office markets.
“The Altman Companies are proud to have developed Altís Ludlam Trail into a premier residential community with a strong emphasis on sustainability and an exceptional living experience,” said Seth Wise, CEO of The Altman Companies. “As we transition ownership to GID, we have full confidence that they will uphold the same standards of excellence and further enhance the community for its residents.”
“This strategic go reflects our unwavering commitment to expanding our portfolio and offering exceptional living experiences to our residents,” said Greg Bates, President and CEO of GID. “With the acquisition of Altís Ludlam Trail, we are poised to set new standards for resident satisfaction, make a positive impact, and solidify our position as a leader in the real estate industry. We look forward to greeting our residents and building lasting partnerships with the local community.”

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