NAPLES, FL – Halstatt Real Estate Partners, a real estate private equity firm, announced the groundbreaking of its latest development, Argos by Soltura. The property is located within five miles of the firm s two other Fort Myers build-for-rent developments, Odyssey by Soltura and Altair by Soltura, which will provide a combined total of 429 units to the MSA. This project represents Halstatt Real Estate Partners third joint venture with Southwest Florida based developer, Soltura Development Group.
“The demand for build-for-rent properties remains strong, and our initial success at Odyssey by Soltura has energized us,” says Steve Iannaccone, principal, Halstatt Real Estate Partners. “In just six months, we achieved 90% occupancy, and tenant interest in this unique rental product has exceeded our expectations despite economic uncertainty. We are addressing worsening housing affordability in Southwest Florida, caused by the current interest rate environment, by offering another highly differentiated rental alternative to the market.
The property will feature 140 units comprised of a mix of one-, two-, and three-bedroom units offered in a clustered, two-tale cottage format. All residences will have private first floor entryways and private fenced, landscaped backyards with patios, which provides, on average, 533 sq. ft. of additional living space per unit. The community will be equipped with state-of-the-art amenities, including a luxury clubhouse that will support a leasing center, fitness center, loungeroom/work area, and mailroom as well as a resort-style pool with cabanas.
The property is situated within close proximity to the intersection of two major arterial roads in Fort Myers, Winkler Avenue and Metro Parkway, and also backs up to the N. Colonial Linear Trail, providing residents direct access to a paved bike trail and community park. In addition, the Fort Myers MSA ranked as the sixth fastest growing area in the US according to a 2022 Census Bureau Report, growing 6.8% between July 2020 and July 2021, giving the partnership further conviction in the Fort Myers market.
Southwest Florida continues to benefit from migration as more residents leave the colder and less tax friendly states, said Danville Leadbetter, cofounder of Soltura Development Group. We are very confident in our development team and partnership s combined ability to bring another differentiated rental project to the market.
Halstatt Real Estate Partners identifies value add and opportunistic real estate projects throughout Florida, the Southeast, and Texas. The company partners with project sponsors to develop and implement a strategic business and capital improvement plot to maximize demand driven development and investment opportunities.
Halstatt published a series of white papers on what is driving demand in the build-for-rent space. Our first in the series, titled Evolution of Rental Housing – The Rise of Build-for-Rent, details the asset class while the second piece, Demographic Shift & Lifestyle Preferences Drive Build-for-Rent Demand, outlines the target end user for build-for-rent.

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GILBERT, AZ – Wood Partners, a leading national multifamily real estate developer and manager, announced the grand opening of its newest luxury residential community, Alta Cooley Station, in Gilbert, Arizona. Located just southeast of Phoenix, Alta Cooley Station marks Wood Partners’ first development in the Gilbert area, ranked as one of the fastest growing cities in America.
Located at 2550 South Recker Road, Alta Cooley Station puts residents within minutes of the Phoenix-Gateway Airport, San Tan Mall, Verde Cooley Station, the 202 freeway, as well as a wide range of amenities and entertainment options in the East Valley area. The community is also near several of the area’s major employers including ASU Polytechnic Campus, East Valley Institute of Technology (EVIT), Deloitte, Merrill Lynch, GoDaddy and Liberty Mutual.
“With its incredible growth rate, Gilbert is becoming one of the most desirable areas to live in the metro-Phoenix area,” said Clay Richardson, Managing Director at Wood Partners. “We are pleased to open the doors to Alta Cooley Station and look forward to providing our residents with the high level of luxury and comfort synonymous with Wood Partners, and also serve as a right partner for the growing Gilbert community.”
Alta Cooley Station offers 248 apartment homes, providing a mix of studio, one-, two- and three-bedroom floor plans, as well as townhomes with attached garages. Homes features an array of high-end finishes including stainless steel GE appliances, sleek cabinetry with modern accents, quartz kitchen countertops with tile backsplash, wood-style plank flooring, lighted bathroom mirrors, walk-in closets for every unit, as well as full size washer and dryer sets. Select homes feature an upgraded Tech Package for added convenience.
Throughout the community, Alta Cooley Station residents have access to a suite of attractive amenities including a resort-style pool and jacuzzi and BBQ grills. Inside, residents have access to a 24-hour fitness center and yoga studio, club room, performance stage, micro-offices and conference area, Wi-Fi lounge and coffee bar, game room and a speakeasy.
Alta Cooley Station is situated next door to Verde at Cooley Station, Gilbert’s newest retail entertainment center. Verde at Cooley Station offers an array of shopping, dining and entertainment. In addition, Alta Cooley Station’s prime location places residents near more than 2.3 million square-feet of retail and dining space at SanTan Village, as well as the rich history and culture of downtown Gilbert’s Heritage District.

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SCOTTSDALE, AZ – Avanti Residential has sold the vibrant 193-unit Dwell Apartment Homes for $41.6 million to Chicago-based 29th Street Capital. The sale allows Avanti to realize its investment objective for the property and continue to reallocate the firm s 9,000-unit apartment portfolio toward newer core-plus properties nationwide.
The authentic mid-century project is located near the intersection of Scottsdale and McDowell Roads and benefits from Scottsdale s high-end employment, retail, dining and entertainment offerings.
Avanti bought Dwell in 2016 with the expectation that the McDowell Road corridor to the south was ideally positioned for transformational improvements, said Christian Garner, president of Avanti Residential. We are very pleased with the performance of this investment to date, especially given the impressive rental rate growth in the greater Phoenix area over the past few years.
The transaction is accretive to the new owner as well, with 78% of the apartments poised to benefit from plotted interior upgrades that will further position the property as an attractive option amid a challenging affordability gap in Scottsdale s new apartment inventory.
Transacting in the current market environment is no small challenge, added Garner. Both sides saw this as a win-win proposition given the yields we have achieved thus far and the value-add opportunity that remains ahead.
Steve Gebing and Cliff David with Institutional Property Advisors represented Avanti in the transaction, while the buyer represented itself.
Dwell was built in two phases in 1963 and 1975, with a mix of studio, one- and two-bedroom apartments and a colorful and charming retro appeal. The complex features three swimming pools, a fitness facility and clubhouse, and courtyard with a barbeque area.
Denver-based Avanti Residential most recently recapitalized its Sunset Peak apartment community in the Denver area, where Avanti plans a $5.3 million renovation. The firm continues to buy select core-plus and value-add apartments on behalf of its institutional and private capital partners.

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