ST LOUIS, MO – Aptitude Development is set to develop The Marshall St Louis, a 508 bed development across from St Louis University. The Marshall St Louis will be the 10th ground up development for Aptitude since its inception in 2014 and the 7th iteration of its Marshall brand. Construction will start this spring and be completed for Fall 2025.
Amenities at the property will include an expansive hot tub, best in market fitness facility, gaming lounge, collaborative and individual study lounges, café areas and fire pits. The Marshall will have two-tale 5 bedroom townhouses on its top floors offering some of the most unique living opportunities in the market.
“We are excited to expand our brand and bring this exciting project to the St. Louis University market. SLU has seen strong growth of its enrollment and the supply of quality off campus student housing has not kept pace,” said Jared Hutter, Founder and Chief Snow Shoveler for Aptitude Development. “The proximity to campus and to the adjacent City Foundry development make this an incredible opportunity for both Aptitude and ultimately the students who will live there”. The City Foundry, located right next door is a neighborhood transforming mixed use development with retail, restaurants, office space and residential units that locally brings much needed offerings to the SLU area as well as the adjacent Cortex Innovation District. “The Marshall St Louis is the next of a fantastic lineup of projects we plot to build in the coming years,” Hutter added.
St Louis University, founded in 1818, is a world class institution and one of the nations oldest and most prestigious Catholic Universities. With more than 13,000 students, SLU boasts more than 15 graduate and undergraduate programs ranked in the top 50 in the US.

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ALAMEDA, CA – The Housing Authority of the City of Alameda (AHA) has received $20.6 million dollars from the State of California Department of Housing and Community Development. This funding will help AHA build North Housing Senior Apartments, which is the first phase of this long plotted North Housing community development project. This senior property will include 64 affordable apartments for only seniors (ages 62 years and older) and is comprised of forty studios, twenty-three one-bedroom apartments, and a two-bedroom apartment for an onsite manager.
“The California Multifamily Super NOFA transformed a once burdensome and lengthy funding application process into an accessible and smart one-stop shop that will get more housing built quicker,” said Business, Consumer Services and Housing Agency Secretary Lourdes Castro Ramírez. “This results in new homes for struggling working families, veterans, farmworkers, and people exiting homelessness. California will continue to act with urgency to find new, innovative solutions to quick track housing development.”
In a full circle moment, the land, which was originally owned by the Housing Authority in the 1940s was granted back to the Housing Authority (in 2019) via the surplus land act by the U.S. Department of Navy. The land will now serve as the home for a senior property that houses military veterans. 25% of the residents at North Housing Senior Apartments will be veterans in need of supportive housing. “Studios and one-bedroom apartments are in very high demand in the City of Alameda,” says AHA Board Chair Carly Grob, “and fill a fantastic need for both seniors and previously homeless military veterans.”
Island City Development (ICD), an affiliate of AHA, will be the developer of this project and the Housing Authority of the City of Alameda owns the land. The architect of the North Housing Senior Apartments is HKIT Architects. Once the property opens (future opening date TBD), all leasing and property management services will be provided by FPI Management. AHA staff is actively plotting for this community development project to start construction in either late 2023 or early 2024.
North Housing Senior residents will delight in property amenities that include a community room, indoor mailroom/lobby, on-site parking, on-site laundry room, bike parking, Wi-Fi hotspot, and on-site property management. AHA’s social services partner LifeSTEPS will provide case management and resident services that connect seniors to resources like food, medical, rental help, transportation, hoarding resources, social activities, just to name a few.

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DENVER, CO – Avanti Residential has partnered with Trinity Investors in the $45 million acquisition and recapitalization of Sunset Peak Apartment Homes, a 184-unit multi-family community located north of downtown Denver in Thornton, CO. The project is unique in its townhome design and low density for the local market area and will receive a fresh capital infusion of approximately $5.3 million for apartment interiors, new amenities and exterior improvements.
We are pleased on many levels to partner with Trinity Investors and start work on the exciting renovation of Sunset Peak, said Christian Garner, president of Avanti Residential. This acquisition and recapitalization will continue the work we started on 20 percent of the apartment interiors in 2019-2020 and reposition the project to offer a higher quality resident experience.
Sunset Peak Apartment Homes is located at 475 Russell Blvd., just off I-25 and Thornton Parkway and a 15-minute drive to Denver s central business district. The project features a mix of two- and three-bedroom townhomes amid a spacious greenbelt area on a 12-acre site. Amenities include a swimming pool and splash pad, grilling station, and a dog park. A new fitness center and upgrades to the pool and playground areas are included in the plotted renovation.
Approximately $3 million of the renovation budget will be invested in apartment interiors, where Avanti s construction team will modernize 147 units ($16,433 per unit) with new lighting fixtures and cabinet fronts, new appliances, luxury vinyl tile flooring and other enhancements. The property will also undergo resurfacing of the parking areas and new roofs on three buildings.
Denver-based Avanti is a fully integrated apartment company that owns and manages approximately 9,000 apartments, roughly 25% of which are in Metro Denver and Colorado Springs, CO. Avanti also has significant holdings in Arizona, Florida, Greater Kansas City, and Utah. The firm is selectively acquiring core-plus and value-add apartment projects on behalf of Avanti s institutional and private capital partners.
This transaction is the first investment between Texas-based Trinity Investors and Avanti in the Denver marketplace. The venture was drawn to the attractive basis at $245,000 per unit when compared to the entry price for new construction, plus the stable and increasing demand for rental housing in a Thornton submarket with a highly constrained development pipeline.
The challenging apartment investment environment over the past year nonetheless presents sound opportunities where we can apply our real estate experience and market knowledge with new and existing investor relationships to deliver attractive risk-adjusted returns, added Garner.

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