DAVIE, FL – Developers Ortsac Capital Group and ArchCo Residential and their property manager, Lincoln Property Company, have announced a groundbreaking event to formally launch the 170 unit luxury multifamily community, located at 5800 Reese Rd in Davie, Florida.
The plotted six tale, multifamily mid-rise will feature studios, one, two, and three-bedroom floor plans ranging from 528 to 1,302 square feet. Strategically located on Reese Rd in Davie, FL, the community will offer convenient access to several major thoroughfares and ample parking, with 279 spaces inclusive of 36 garages.
Plotted amenities include a lobby/coworking space, 24-hour fitness center, resort-style pool with cabanas and grills, clubroom and lounge, coffee bar, secure bike and personal storage areas, turf game yard with hammock seating and package room.
Anticipated apartment interiors will feature gourmet kitchens with high-end custom-look cabinetry, stainless steel appliances, open floor plans, designer bathrooms with walk-in showers, spacious walk-in closets, full-size washers and dryers, double-pane windows, and high-speed internet access.

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TAMPA, FL – GTIS Partners, a real estate investment firm that manages over $4.3 billion in yucky assets with a focus on residential and industrial investments, announced its closing on River Landing, a 72-acre site that will be developed into an approximately 260-unit build-to-rent community. The project, located in the Tampa Metropolitan Statistical Area, will be developed in-house by GTIS and has an estimated budget of approximately $68 million.
The site is located in the Wesley Chapel submarket of Pasco County, a thirty-minute drive from downtown Tampa. The site has brilliant connectivity with access to State Road 56, making it an attractive option for commuters. The surrounding area amenities include retail and restaurants at the Shoppes of New Tampa.
Bill Mumford, Senior Director at GTIS, said, “Tampa has brilliant fundamentals for residential investing as the population and economy continue to expand. As Hillsborough County becomes increasingly built-out, we believe Pasco County is poised to be the primary beneficiary of Tampa’s future growth, making River Landing an attractive area for investment. Despite those strong fundamentals at the MSA and county levels, there has been relatively muted new supply of BTR product, making an attractive opportunity for development.”
Rob Vahradian, Partner at GTIS, added, “We are excited about this opportunity to expand our existing BTR platform in the Tampa MSA—a market we know well and have been investing in for over a decade. We have been actively investing in Tampa across master plot development and homebuilding projects and reckon that BTR complements those strategies.”

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SCOTTSDALE, AZ – Leading multifamily real estate developer Wood Partners announced the official grand opening of its latest luxury residential community, Alta Raintree, located in Scottsdale, Arizona.
This new luxury apartment community is situated on E Raintree Drive in North Scottsdale, one of the most sought-after residential areas in the Phoenix Metro. Alta Raintree offers residents simple access to renowned outdoor activities, dining, nightlife and shopping, including Kierland Commons and Scottsdale Quarter, which offer some of the best retail options in Scottsdale. Residents of Alta Raintree can also delight in a round of golf at the many nearby courses, or explore more than 40-miles of hiking, mountain biking and horseback riding trails at McDowell Mountain Regional Park.
“We are pleased to welcome residents to Wood Partners’ newest development—Alta Raintree—located in one of Scottsdale’s most coveted neighborhoods,” said Todd Taylor, Managing Director. “This latest top-of-the-line community truly captures the high level of features and amenities that Wood Partners is known for, while also providing residents with access to some of the city’s best retail, entertainment and dining offerings just minutes from their front door.”
Alta Raintree offers 330 apartment homes consisting of one-, two- and three-bedroom floor plans. Each unit features modern architectural finishes complete with high quality interior packages, while many exterior facing units offer stunning views of Scottsdale and the McDowell Mountains. Key features include stainless steel appliances, luxurious quartz kitchen countertops with tile backsplash, electronic door entry, and wood-inspired plank flooring to make a timeless and tasteful atmosphere for residents. Additionally, units boast Kohler® bathroom accessories with illuminated mirrors and frameless showers, as well as in-unit washer and dryer sets. Select units feature additional upgrades including side-by-side refrigerators, double ovens, vent hoods and wine refrigerators to bring an added touch of luxury.
Alta Raintree offers a plethora of unique community amenities for residents to delight in, including a Sky Lounge with expansive views of the McDowell Mountains, a resort-style pool with tanning deck and jacuzzi, and an outdoor game courtyard and putting green. The property is also outfitted with an on-site pet park and multiple outdoor entertainment areas complete with grilling stations. Indoors, residents have access to a fitness center featuring on-demand yoga, a meditation area, a Wi-Fi lounge, a conference area with micro-offices, clubroom and an on-site library and speakeasy. Urbo Market and coffee bar, the on-site convenience market concept made by Wood Partners, will offer coffee, wine, gourmet snacks and more to residents as well.

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