DALLAS, TX – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, today announced the financial closing and groundbreaking of Camp Wisdom, a 360-unit market-rate community in Southwest Dallas. Strategically located at the corner of W. Camp Wisdom Road and Clark Road, the development is designed to help address Dallas growing rental affordability crisis. The new community will serve the city s essential workforce, providing high-quality housing options for teachers, nurses, city employees and university staff, all within close proximity to major job centers, educational institutions and healthcare facilities.
While Dallas is one of the fastest-growing cities in the country, its essential workers – the individuals keeping our schools, hospitals and neighborhoods running – are being priced out of the communities they serve, said Alena Savera, Vice President of Development at The NRP Group. Camp Wisdom will bridge that gap by offering high-quality housing with accessible rents for middle-income earners. We re proud to be part of a solution that supports the city s growth while preserving its workforce.
Camp Wisdom s 360 units comprise a mix of 180 one-bedroom units and 180 two-bedroom residences ranging from 860 to 1,080 square feet. Each home includes stainless steel appliances, in-unit washer and dryers and walk-in closets. The new community will offer residents convenient access to major highways, including U.S. Highway 67 and Interstate 20, connecting residents to downtown Dallas in under 25 minutes.
The site is just minutes from Dallas Baptist University to the north and is surrounded by major employment hubs including the Mountain Creek Industrial Park, home to companies like Costco, Ulta and Chewy. The area is known for its rolling hills and abundant green space, making it one of the more scenic areas to build in Dallas. Additional nearby employment and healthcare hubs include the UT Southwestern Medical Center at RedBird, Methodist Charlton Medical Center and the Redbird Workforce Center. Residents will also delight in proximity to Mountain Creek Lake and Joe Pool Lake, as well as nearby parks and trails that support an active, outdoor lifestyle.
Camp Wisdom is a thoughtfully designed community that prioritizes accessibility and long-term value for residents, said Chris O Neill, Executive Vice President of Development at The NRP Group. It reflects our mission to make exceptional rental opportunities and build trust through high-quality housing that strengthens neighborhoods and improves residents quality of life.
Residents of Camp Wisdom will delight in a thoughtfully curated amenities package designed to support working professionals and growing families. Building amenities include a state-of-the-art fitness center, a resort-style outdoor pool, grilling stations, outdoor game areas and a dog park.
Camp Wisdom is less than a mile away from The NRP Group s new, mixed-income development, Ascent at Mountain Creek – a 324-unit community that opened in April. Roughly 50% of the residences are reserved for families earning up to 80% or below the Area Median Income (AMI).
The Dallas-Fort Worth metro area remains a priority market for The NRP Group. The firm has developed over 7,000 units across more than 30 properties in the region, and recently celebrated the grand opening and/or groundbreaking of the following housing developments in the area: Diamond Flats, a newly delivered 331-unit luxury community in Carrollton; Jackson Road, a luxury 370-unit multifamily community; Cora, a 340-unit mixed-income housing community in Anna, Texas; Sutton Flats, a 300-unit market-rate multifamily community in Howe, Texas; The Whitley, an upscale 330-unit multifamily community in Princeton, Texas.
Wintrust Commercial Real Estate provided construction financing for the development. Camp Wisdom broke ground in November, with completion estimated for Q3 2027.

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CONSHOHOCKEN, PA – Morgan Properties announced the landmark acquisition of Dream Residential Real Estate Investment Trust (REIT) for $354 million. This cross-border transaction resulted in a successful acquisition and privatization of a publicly-traded Canadian REIT, while adding 15 communities totaling 3,300 units across key MSAs in Texas, Ohio, Kentucky, and Oklahoma.
Under the leadership of Co-Presidents, Jonathan and Jason Morgan, Morgan Properties is one of few organizations equipped to take a public company private.
In pursuing the Dream transaction, Morgan Properties leveraged off of our strong balance sheet and our expertise in executing complex, structured transactions to accommodate the specific needs and timeframe of Dream Residential REIT’s Unitholders and Board of Trustees, said Jonathan and Jason Morgan, Co-Presidents of Morgan Properties. Morgan Properties has a proven track record in closing these complicated transactions given our unique ability to provide sellers with execution certainty. Our contrarian investment strategy targets large one-off and institutionally sized portfolios without institutional competition. While our regional competition is capital constrained and institutional investors are chasing flight to quality investment opportunities, we intend to capitalize on institutionally sized workforce housing investment opportunities with significant barriers to entry. In 2025, Morgan Properties has bought $1.5 billion comprised of over 14,000 units.
The Dream acquisition comes on the heels of a stellar acquisitions year in 2025, which saw the company surpass 110,000 units during its 40th anniversary.
We are excited to build off our momentum and continue to strategically grow our portfolio. As we do with every acquisition, we look forward to leveraging off our operational expertise and economies of scale to improve these communities and make long-term value for both our residents and investors.
The company will reinvest $58 million in interior, exterior enhancements and amenity upgrades over the fifteen communities, which range in vintage from 1968 to 2002. Morgan Properties has bought over 80 properties and hired 250 site-team members this year and the company is plotting to invest $200 million in capital improvements on its recent acquisitions.

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WASHINGTON, DC – Broad Creek Capital ( BCC ), a private-markets investment firm focused on U.S. real assets, announced the first close of BCC Multifamily Advantage Fund I ( BCC MAF I ), its dedicated U.S. value-add multifamily vehicle. The fund is anchored by a select group of U.S. municipal institutions and family offices across the United States and Europe.
The close of BCC MAF I represents a significant step in Broad Creek s continued growth as a transatlantic private-markets platform. Building on years of partnership with select family offices in the U.S. and Europe, the firm is now opening its proven investment strategy to a broader base of institutional and family office investors. The fund is targeting $150 million in total capital commitments, with a second close plotted for early 2026.
This first close is a strong endorsement of our platform and investment thesis, said Matthew Ruesch, Co-Founder and Managing Partner of Broad Creek Capital. We see one of the most compelling entry points for multifamily in over a decade, where disciplined capital and hands-on execution can generate durable, long-term returns.
In conjunction with the first close, BCC MAF I completed the off-market acquisition of Loft One35, a 298-unit multifamily community in Charlotte, North Carolina, for $94 million. The acquisition aligns with the fund s focus on high-growth markets and value creation through operational improvements, targeted renovations, and resident-experience upgrades.
Loft One35 demonstrates the type of opportunity we seek – well-located assets where disciplined underwriting and hands-on execution can drive durable value,” said Michael Green, Co-Founder and Managing Partner of Broad Creek Capital.
BCC MAF I will invest in essential-housing communities with a focus on the Southeast and broader Sun Belt, where demographic and economic trends continue to drive rental-housing demand. The fund applies a private-equity approach to real estate, focusing on operational excellence, targeted modernization, and disciplined capital structure management to generate attractive, risk-adjusted returns.

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