MIAMI, FL – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Aventura, a contemporary mixed-use apartment community in the emerging Ojus neighborhood of northeast Miami-Dade County.
The community, which will feature 420 apartment homes and 6,400 square feet of ground-floor retail, sits adjacent to booming Aventura, a plotted suburban city along the Intracoastal Waterway approximately 15 miles north of Downtown Miami. First go-ins are anticipated for summer 2025 with a second phase in the plotting stages.
“Aventura has received international acclaim as a premier living destination with a multitude of shopping and entertainment opportunities,” said Andrea Rowe, senior managing director of development in South Florida for Mill Creek. “We are extremely excited to get started on this community, particularly given the shortage of land available for new development in the immediate area and the booming South Florida market, in general. We are keen to help address the growing need for quality housing in the area and look forward to delivering a top-of-market experience.”
Situated at 2681 NE 191st Street, Modera Aventura is located between Biscayne Boulevard and the West Dixie Highway in a former industrial area amidst a vibrant revitalization. The community, which features a superb Walk Score of 89, is a few blocks south of a new Brightline train station and within a small drive of Interstate 95, the gateway to the greater metropolitan area.
Modera Aventura, which will be built to NGBS silver certification standards, will feature studio, one-, two- and three-bedroom homes with select den layouts and an average home size of 951 square feet. Community amenities will include a swimming pool, grilling areas, outdoor kitchen, landscaped courtyards, resident clubhouse, pool table, community-wide WiFi, coworking spaces, private workspaces, conference room, onsite dog park and a club-quality fitness center with cardio equipment and group fitness area. Residents will also have access to valet dry cleaning, dedicated bike storage, a bike repair station, digital package lockers, controlled-access garage parking and EV charging stations.
Apartment homes will be delivered with a variety of sophisticated features, including nine- and 10-foot ceilings, wood plank-style flooring, Energy Star stainless steel appliances, quartz countertops, tile backsplashes, 42-inch custom cabinetry, smart thermostats, built-in bars, full-size washers and dryers, mobile-app entry and large private terraces. Bathrooms will feature soaking tubs, tile tub/shower surrounds, double vanities and linen closets.
Modera Aventura will mark Mill Creek’s 10th development community within Miami and 16th in the South Florida market.

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KNOXVILLE, TN – MZ Capital Partners, expanding its Knoxville Tennessee asset footprint, has announced the buy of the Residences at Devanshire, an 87 single family home rental community.
Knoxville is one of the best rental real estate investment markets in the nation. Occupancy in the Knoxville market has ranged from 95% to 98% over the past five years. Over the last year, occupancy levels have exceeded 97%. The Knoxville occupancy rate ranked #1 among the 66 key South region markets and #9 among the top 150 markets nationally.
Located in the West Knoxville sub-market, the 87 Single Family Homes, built in 2006, feature 3 bedrooms and 2 full baths with back porches or patios, attached garage parking, and private back yards with mountain range views.
The acquisition provides a unique opportunity for increased cash flow and appreciation in value through more efficient institutional quality management and a value-add renovation and repositioning program.
MZ Capital Partners, headquartered in Northbrook, Illinois is a demographically driven real estate investment firm with a specialty niche in multifamily assets throughout the United States.

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AUBREY, TX – Affiliates of Harbor Group International (“HGI”), a privately owned international real estate investment and management firm, announced the acquisition of Mezzo, a 378-unit, Class A multifamily property in Aubrey, Texas. Built in 2022, Mezzo consists of twelve three-tale buildings and a clubhouse.
Mezzo is located in a rapidly evolving submarket of North Dallas that has experienced a significant 326% increase in population since 2000. This coincides with a time of considerable business development in North Dallas. Located approximately three miles from the Property, the PGA of America recently completed its headquarters and is building two additional mixed-use developments. Furthermore, the Property is conveniently surrounded by a variety of dining options and entertainment, including golf courses and shopping centers.
The close proximity to employment hubs and neighborhood attractions make Mezzo well-positioned to meet the community’s growing need for high-quality multifamily accommodations.
“The Mezzo acquisition is a testament to HGI’s suburban investment approach and ability to identify opportunities in fundamentally strong markets across varying market conditions,” said Richard Litton, President, HGI. “The area has seen an influx of renters migrating from more expensive areas of Texas, and we expect Mezzo to see high occupancy rates in the coming years as the desirability of Aubrey, Texas continues to attract residents to the area.”
Mezzo benefits from state-of-the-art amenities throughout the property and individual units. This includes a fitness center, yoga studio, resort-style pool and spa, as well as co-working spaces, a resident lounge, an outdoor kitchen and dining area. In-unit interiors include Whirlpool appliances, quartz countertops, washer-dryer sets, spacious closets, European-style cabinetry, and balconies or patios.
Since Mezzo’s opening in February 2022, the Property has experienced a consistent flow of go-ins on a monthly basis during its lease-up period. Mezzo is 84% occupied as of April 2023.
Newmark facilitated the transaction, with Henry Stimler, Bill Weber and Matt Mense arranging the debt and Brian Murphy and Brian Oboyle brokering the sale.

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