PORTLAND, OR – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced that construction is underway at Modera Woodstock, a mixed-use apartment community in southeast Portland.
The podium-style community will be built to and is pursuingLEED Gold certification standards and features 194 homes and 6,500 square feet of ground-floor retail space. The community is located on Woodstock Boulevard and features a world-class Bike Score of 99 and superb Walk Score of 93, meaning future residents will have access to virtually everything they might need without the need for a vehicle. The community first broke ground in September and first go-ins are anticipated for summer 2024.
“We’re excited to add to our Portland presence and have long admired the Woodstock neighborhood,” said Chad Encinas, vice president of development in Portland for Mill Creek Residential. “The community will offer a ‘Main Street’ feel in that the immediate neighborhood is extremely walkable and provides simple access to downtown, while far enough removed to maintain an urban-suburban vibe.”
Situated at 4804 SE Woodstock Boulevard, Modera Woodstock is approximately six miles from downtown via nearby SE McLoughlin Boulevard. In addition to various brewpubs, restaurants and nightlife options within the neighborhood, Modera Woodstock is surrounded by several recreational outlets, including Westmoreland Park, Woodstock Park and Eastmoreland Golf Course. Residents will also have near-immediate access to a New Seasons Market grocery store, which sits two blocks from the community.
Community amenities include a resident clubhouse, landscaped courtyard, rooftop deck with grilling area and fire pit, game room with foosball and air hockey, mini theater room with video gaming capabilities, coffee bar, pet spa and a club-quality 24-hour fitness studio, Peloton bike and rower, TRX system, cardio equipment and rock-climbing wall. The community will also feature controlled-access garage parking with EV-charging stations.
Modera Woodstock will offer studio, one-, two- and four-bedroom homes, including five affordable apartment homes. Apartment interiors will include a variety of luxe features, including nine-foot ceilings, wood plank-style flooring, stainless steel appliances, pull-down faucets, quartz countertops, electric ranges, soft-close cabinets, in-home washers and dryers, walk-in closets, a key fob system and private patios or balconies. Residents will also have access to digital package lockers, bike repair station, dedicated bike storage and additional storage.

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BOSTON, MA – Harbor Group International, a privately owned international real estate investment and management firm, announced the sale of a portfolio comprising six multifamily assets and 1,722 apartment units in the greater Boston area. HGI bought the portfolio in 2019 for $384 million and instituted a $13.6 million capital improvement program to renovate interior units, upgrade property amenities, address outstanding deferred maintenance items and enhance overall curb appeal. Newmark represented HGI in the disposition.
“The sale of the Boston portfolio exemplifies HGI’s ability to identify strategic opportunities to divest high-quality stabilized assets amid varying market conditions,” said Lane Shea, Managing Director at HGI. “Leveraging our multifamily market expertise, we were able to quickly achieve the customized business plans place in place for each asset within the portfolio and realize our investment goals despite ongoing economic headwinds.”
The properties within the portfolio include: Commons at Haynes Farm in Shrewsbury, Mass; Middlesex Crossing in Billerica, Mass; Meadows at Marlborough in Marlborough, Mass; Heights at Marlborough in Marlborough, Mass; Stone Ends in Stoughton, Mass; Village at Marshfield in Marshfield, Mass.
All six properties are situated in suburban Boston locations surrounded by large employment hubs anchored by major firms in the technology, bio-medical, manufacturing and financial services industries. The properties are within close proximity to major highways and MBTA train stations, providing direct access to Downtown Boston.

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WEST LAFAYETTE, IN – Muinzer, a privately held real estate investment firm founded by Marc Muinzer, alongside T2 Capital Management, announced the acquisition of Station 21 near Purdue University in West Lafayette, IN. The property totals 629 student housing beds underpinned by 20 acres of land.
Muinzer originally bought the property via an off-market transaction in early 2022. Muinzer executed a full interior renovation of all units as well as an exterior renovation coupled with a rebranding of the asset. “Our transaction with T2 unlocks the value that we have made to date and allows our original institutional equity partner to successfully exit.
“Muinzer is excited to increase our ownership stake in Station 21 while continuing our onsite property management role,” said Marc Muinzer, Founder and CEO of his namesake firm. “Even in an uncertain macroeconomic environment, we have successfully completed over $300 million of student housing acquisitions and dispositions thus far in 2023,” added Mr. Muinzer.
Muinzer started investing in student housing in 2002 and is one of the largest owners in the Huge Ten and SEC Conferences. “Student housing fundamentals are the strongest we have seen in the last 20 years. In 2023 and 2024 we are looking to expand our team and buy an additional $1 billion of student housing assets near high-growth universities,” added Michael Snyder, COO of Muinzer.

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