JERSEY CITY, NJ – In partnership with Rockwood Capital, Citizens Bank and Fifth Third Bank, National Association and G&S Investors, The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, has broken ground on a 401-unit multifamily apartment development in the Port Liberté neighborhood of Jersey City.
Located at 190 Chapel Ave., the community is just south of downtown Jersey City, and adjacent to Liberty National Golf Course. The development will provide a new highly amenitized living opportunity with proximity to ample green spaces, bike pathways and the renowned Liberty State Park. Residents can take advantage of small commute times with convenient access to the city’s extensive multi-modal transportation network and connectivity to downtown Manhattan, including a small ferry trip to Wall Street.
Jersey City continues to invest in its infrastructure and foster the conditions for growth, said Jonathan Gertman, Senior Vice President of Development at The NRP Group. Port Liberté as an established community is a vibrant and desirable destination for residents. I m thrilled to bring new multifamily development to the area alongside our brilliant partners who are committed to continued investment in Jersey City.
Joint venture equity investment for the project was provided by Rockwood Capital, marking NRP s first-ever partnership with the seasoned investment firm. G&S Investors, an experienced owner and developer in Jersey City, is co-developing the project with NRP. Citizens Bank and Fifth Third Bank provided senior construction loans.
At present, building housing in America is challenging, said J. David Heller, Principal, President and Chief Executive Officer at The NRP Group. Participating in strategic partnerships that bring deep expertise and experience is the driving force behind penciling deals and seeing them across the end line. NRP is committed to working with financial partners and communities that are as invested in providing vital housing as we are.
The community, which is scheduled to open in the summer of 2025 will be NRP s second development in Jersey City, one of the nation s fastest-growing cities.

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GEORGETOWN, TX – The Hacienda at Georgetown opened its doors to independent living residents and celebrated its official grand opening with a soft opening of the public-facing Alma by Stephan Pyles restaurant and a ribbon cutting ceremony for The Hacienda attended by residents, prospects, and the public.
“We expect full licensure in our helped living and memory care programs in the coming weeks and have quite a few residents waiting to go in,” said Michael Graham, Partner at MedCore. Located on 13 acres at the south entrance to Sun City Georgetown, The Hacienda at Georgetown offers an unmatched lifestyle for sophisticated seniors desiring catered living and amenities.
Alma by Stephan Pyles, which was creatively inspired by James Beard award-winning chef Stephan Pyles, is scheduled to open to the public on May 1 and is currently serving residents of The Hacienda. Chef Pyles is working directly with the culinary team at Watermark Retirement Communities, the manager for The Hacienda at Georgetown, to oversee the operations of five different dining venues on the campus. Alma will serve residents of The Hacienda, Georgetown, and the entire hill country region.
In addition to The Hacienda at Georgetown’s extensive culinary offerings, the community will offer a robust suite of programs and amenities including a specially designed outdoor amphitheater and a fully equipped wellness center with a salon, spa, club rooms, fitness center, theater, meditation garden and a luxury resort-like pool with cabanas and outdoor cantina.
“We have been fortunate to receive an outpouring of interest in The Hacienda from citizens of Georgetown as well as others from around the region and state,” added Annika DiNovi, Executive Director for The Hacienda. “Our forward-thinking programs and amenities complement the already intriguing architectural design for seniors who desire enhanced lifestyle options.” Residents of The Hacienda can delight in oversized patios, a dog park, putting greens, garage and carport parking, on-site physician, health and wellness instruction, virtual reality programs, a second-floor entertainment space overlooking the resort pool, palm-scanning access control, hearing aid loops, and many other next-generation features.
The Hacienda at Georgetown was developed by MedCore Partners, a Dallas-based healthcare real estate group, The National Realty Group, a Houston-based full-service commercial and industrial real estate company, and Houston-based Asaz, Limited. Tulsa-based ACRON USA provided LP Equity for the project, with bank financing from the Seniors Housing Division of BOK Financial. The development team anticipates a second phase independent living expansion in the future.

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ATLANTA, GA – ECI Group (ECI) announces the sale of The Columns at Paxton Lane apartments at 4305 Paxton Lane in Southeast Gwinnett County to InterCapital Group for an undisclosed price. The 296-unit community was developed by ECI in 1996 and has been owned and managed by the company throughout that time.
“The Columns at Paxton Lane, which ECI developed, owned, and managed for more than 25 years, demonstrates the successful execution of a business plot in which our entire team participated,” said ECI Group CEO, Seth R. Greenberg. “ECI intends to re-invest the proceeds from The Columns at Paxton Lane into a newer multifamily property. Once the re-investment plot is completed, realizing the investment of an older property into a more current property, that deal will mark the 6th such exchange transaction completed by ECI in the past approximately two years.”
The Columns at Paxton Lane is located in one of the fastest-growing submarkets of suburban Atlanta and has benefited since its original development from the addition of nearby Gwinnett County job centers including the Piedmont Eastside Medical Center, Sugarloaf Corporate District, Tucker Office Core, the 700,000 square foot Amazon Fulfillment Center and major industrial parks in the I-85 and I-285 corridors.
Residents of the community have also gained access to a growing amenity base with new mixed-use developments and retail centers located within minutes of the property. Community amenities include a central mail kiosk, dog park, swimming pool with cabana area, playground and picnic area, lighted tennis courts, detached garages for some units, and an internet café.
ECI extends its appreciation to Mike Kemether, James Wilber, and Megan Turner of Cushman & Wakefield for their representation of the seller.

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