DALLAS, TX – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the grand opening of Diamond Flats, a 331-unit luxury community with 5,000 square feet of ground-floor retail in Carrollton, Texas. The project addresses rising demand for high-quality housing across the Dallas-Fort Worth metroplex, pairing modern design with convenient access to major employment and entertainment centers.
Designed by Davies Architects with interiors by SJL Design Group, Diamond Flats was envisioned as a residential community inspired by art. From light-filled spaces to gallery-style corridors filled with curated artwork, the community s aesthetic embraces modern interpretations of classical art, making an atmosphere that is both refined and approachable.
Diamond Flats was made with residents at the center of every choice, said Alena Savera, Vice President of Development at The NRP Group. We thought carefully about what people want in their daily lives, from abundant natural light to thoughtful touches like under-cabinet lighting, mirrors and quartz surfaces. This community reflects those choices, offering residents larger layouts, premium amenities and a unique design perspective that makes Diamond Flats stand out in the Carrollton market.
Located at 1402 Carrollton Parkway, the site offers access to the Sam Rayburn Tollway and President George Bush Turnpike, connecting residents to key business and retail districts, including Legacy West, The Star in Frisco and Grandscape. Its central location is a small driving distance from major employers such as JP Morgan, Toyota, Ericsson and Frito Lay, while downtown Dallas is less than 25 minutes away.
Residents of Diamond Flats will delight in a premium amenities package anchored by a state-of-the-art fitness center, outfitted with a Pilates reformer, free weights, squat racks, spin bikes and HIIT training equipment. Residents will also have access to a resort-style pool with outdoor game areas and TVs, three landscaped courtyards, grilling stations and a coworking hub with a podcast space. Pet-friendly features include a dog park, spa and washing station.
Apartment interiors combine elevated finishes with functionality. Each home includes stainless steel appliances, in-unit washer and dryer, keyless entry, luxury vinyl plank flooring and ceiling fans. Two distinct end packages are available, giving residents a choice of quartz countertops, cabinetry and kitchen backsplashes. Select homes feature private balconies.
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 broke ground on the following new housing developments in the area: 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.

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INDIANAPOLIS, IN – BAM Capital, a multifamily syndication company based in Indianapolis, IN, announced the acquisition of Hayden Flats, a 2023-build, institutional-quality apartment community in Bloomington, Indiana. This key acquisition serves as the foundational asset in the BAM Multifamily Growth Fund V, expanding the firm’s multifamily investment opportunities in a high-growth market.
“I am confident that the acquisition of Hayden Flats exemplifies The BAM Companies’ commitment to disciplined growth and operational excellence,” said Ivan Barratt, CEO and Founder of BAM Capital. “This property strengthens our portfolio, and by leveraging our in-house management, we are well-positioned to deliver attractive risk-adjusted returns and long-term value to our investors.”
Strategically located, Hayden Flats is positioned to attract residents from the area’s robust tech, education, medical, and defense sectors. The community boasts a premier amenity package, including a saltwater pool with an indoor/outdoor lounge, a state-of-the-art fitness center, and an all-purpose sports and pickleball court. Units feature designer kitchens with quartz countertops and spa-inspired bathrooms. Residents also gain direct access to the B-Line Trail, providing a direct connection to downtown Bloomington.
The property’s close proximity to Westgate on Third, a ground-up BAM Capital development, will make valuable operational efficiencies and economies of scale. The Hayden Flats acquisition strengthens BAM Capital’s footprint in a key Midwestern market.

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LAS VEGAS, NV – Waterton, a national real estate investor and operator, has partnered with The NRP Group, a vertically integrated developer, builder, and manager of multifamily housing, to buy an 8.5-acre site on South Las Vegas Boulevard in Las Vegas, NV. The partnership announced the financial close for the development of a 368-unit luxury rental community with construction scheduled to start imminently. The project represents the first partnership between Waterton and The NRP Group as Waterton enhances its traditional value-add strategy with its first large-scale development project.
“We’re excited to be partnering with such an experienced development firm to bring this project to life and further our development strategy,” said Kristi Nootens, senior vice president, development at Waterton. “This project offers an brilliant opportunity to make a luxury rental community in a sunbelt market with relatively limited supply compared to similar markets. The location is proximate to a variety of employment opportunities in a growing submarket where the costs of homeownership far exceed the costs of renting.”
The South Valley rental community will consist of two four-tale, elevator-serviced multifamily buildings offering studio, one-, two, and three-bedroom floorplans with select one-bedrooms also featuring a den. Residences will include quartz countertops, subway tile backsplashes and stainless-steel appliances in the kitchens, with luxury vinyl plank flooring throughout. The resort-style amenity package will include an outdoor pool, two courtyards, and outdoor seating areas with firepits and grilling stations. A well-appointed club lounge, co-working space and conference room round out the amenity offerings plotted at the community.
“Partnering with Waterton has enabled us to bring high-quality housing to one of the nation’s fastest-growing regions,” said The NRP Group Vice President of Development Mike Moriarty. “As our first collaboration together, this project reflects our shared vision for making a vibrant, thoughtfully designed community that meets the needs of today’s South Enterprise residents. With a prime location near major employment hubs, retail and entertainment, it offers residents a lifestyle that combines convenience and luxury living.”
Situated just 15 minutes south of the Las Vegas strip, the location will offer residents convenient access to diverse employment options including the new 1.2 million-square-foot Haas Automation headquarters and manufacturing center, Levi Strauss & Co.’s regional office and distribution center, and the NFL’s Las Vegas Raiders headquarters and practice facility. The recent opening of the 150-bed West Henderson Hospital brought an estimated 750 jobs to the area and plans for future expansion are expected to further contribute to economic growth and development in the area. Brightline West, a high-speed rail linking Las Vegas to Southern California with an estimated two-hour travel time, is expected to be complete in 2028 and will be a 10-minute drive from the property.
Waterton and The NRP Group are providing equity commitments while CIBC is providing a senior loan. The NRP Group will serve as general contractor and provide property management services. Delivery of the first residences is estimated for mid-year 2027 with completion targeted for early 2028.

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