ORLANDO, FL – Middleburg Communities, a fully integrated multifamily development, investment, construction and management company operating in the southeastern and mid-Atlantic United States, announced the start of construction on Mosby Citrus Ridge, a Class A multifamily community located in Davenport, Florida, less than one hour from Orlando and Tampa. The project is being developed by a joint venture between Middleburg as development manager and Parse Capital, a subsidiary of The Wolff Company, as an investment partner.
Mosby Citrus Ridge is strategically located at 100 Orlando Breeze Circle along Highway 27 and Interstate 4. The community is less than one hour s drive from many of the major economic drivers in Orlando and Tampa, including the corporate headquarters of numerous Fortune 500 companies, amusement parks, sporting arenas, world-class dining and entertainment and award-winning beaches. Middleburg leveraged its proprietary data and analytics platform to select the development site and identify its value potential.
We are excited to further strengthen our footprint in the Orlando MSA, one of the fastest growing markets in the country, said Chris Finlay, CEO of Middleburg Communities. As a result of this growth, there is a significant need for the type of high-quality, attainable multifamily units we are developing at Mosby Citrus Ridge, especially along the heavily traveled I-4 corridor between Orlando and Tampa. Our vertical integration will help us maximize efficiencies and minimize disruptions throughout the construction process, enabling us to bring these units to market more quickly and manage them effectively so we can start delivering returns for our investors and an exceptional living environment for local residents.
Mosby Citrus Ridge will consist of five, 4-tale luxury residential buildings, and will feature many resort-style amenities including, high-end interiors with luxe finishes, state-of-the-art technology throughout the community, a saltwater pool, a fully-equipped fitness center, outdoor pavilions with fire pits and grilling stations, a yoga lawn and more. The 300-unit lifestyle-oriented, attainable housing community will offer a variety of 1-, 2- and 3-bedroom floor plans, with monthly rents starting at less than $2,000. Construction on the multi-million dollar project is expected to be completed by May 2024.

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MINNEAPOLIS, MN – Norhart broke ground on Impact, their new 7-tale, 328-unit apartment building. The modern apartment complex, which will be the tallest building in the city of Oakdale, includes a wide assortment of studio, one-, two-, and three-bedroom floorplans, plus four luxurious two-tale penthouse residences on the top level overlooking the gorgeous Minneapolis – St. Paul skyline.
In addition to Impact’s modern apartment units, the new building will feature a vast collection of amenities both inside and out, including an extensive rooftop pool, private movie theatre, free game room, state-of-the-art fitness center, multiple yoga spaces, a relaxing and calming spa room, large community center, third-floor outdoor courtyard, and more.
“We want to reimagine the multi-home industry with a focus on world-class design, customer experience, and making apartments of the future that people like. We are focused on innovating and disrupting our industry,” said Mike Kaeding, CEO of Norhart. “That long-term vision starts today with Impact apartments in Oakdale, MN!”
Norhart’s Impact apartments will also feature over 6,500 square feet of retail space on the main level, providing a coffee shop and full restaurant to the area. Nearby, residents can delight in the Tamarack Village Shopping Center, Xcel Energy Center, countless restaurants, Lake Elmo Park Reserve, and the St. Croix River.
With the convenient location off 694 and proximity to downtown Minneapolis and St. Paul, Norhart’s Impact apartments will offer simple access to anywhere in the twin cities. The new METRO Gold Line transit system’s Helmo Avenue stop will also be conveniently available to residents. The Gold Line will be Minnesota’s first dedicated Bus Rapid Transit system, connecting St. Paul, Maplewood, Landfall, Oakdale, and Woodbury along I-94.

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HOUSTON, TX – RPM Living Investments has announced the acquisition of San Paloma in the heart of Houston s Energy Corridor, the city s third-largest employment center. The 372-unit garden property was bought from Blackstone/Livcor through a joint venture with DRA Advisors. The transaction is the second joint venture between DRA and RPM in Texas and is RPM s 16th acquisition in greater Houston.
San Paloma presents an incredible opportunity with the community s superb Energy Corridor location, forecasted to maintain its position as one of Houston s strongest submarkets. The community is surrounded by 22MM square feet of office space, high-end infrastructure, and benefits from its location in the path of Houston s western-leaning growth and a limited multifamily construction pipeline.
Built by Sueba in 2006, one of Houston s highest quality builders, San Paloma features an unmatched amenity set, and unique floorplans with an average unit size of over 1,050 square feet that include arched doorways, vaulted ceilings, and built-ins throughout.
San Paloma is an brilliant property that provides tremendous opportunity in one of Houston s premier locations. We are excited to add such a fantastic asset to our portfolio and to capitalize on its maximum potential, says Hank Farrell, Chief Executive Officer of RPM Living Investments.
San Paloma is the perfect addition to grow our successful partnership with RPM. It is a high-quality asset in an A+ location with strong demand in a supply-constrained submarket, and we are excited to do our business plot alongside the RPM team, says Brett Gottlieb, Managing Director of DRA Advisors.

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