CARY, NC – Wood Partners, a national leader in multifamily real estate development, announced the grand opening of Alta Wren, the latest luxury property located in Cary, NC, where residents can find a small slice of tranquility within the Research Triangle.
Located five minutes from Research Triangle Park and minutes from some of the best public schools in the region, Alta Wren sits at 3000 Orchid Street, nestled next to 8 acres of preserved open space. The property offers 250 multifamily residences with floorplans ranging from one-, two- and three-bedroom apartment homes, to two-and three- bedroom townhome-style residences.
“The opening of Alta Wren marks a fantastic expansion milestone for Wood Partners, building upon our strong, established presence in the region,” said Caitlin Shelby, Managing Director for Wood Partners. “We take fantastic pride in developing in a location that has seen such massive economic expansion, and we’re confident that Alta Wren will attract residents seeking a more sophisticated living experience.”
Each residence is inspired by the warmth of a southern greenhouse with a contemporary flare. Residents will find features such as hardwood-style plank flooring throughout, quartz countertops and stainless-steel appliances framed around white tile backsplashes and gorgeous brushed nickel hardware. For convenience, each unit is equipped with a full-size washer and dryer, USB outlets and a side-by-side refrigerator with an in-door beverage center. Townhome-style residences, which are set to open for leasing later this year, are equipped with similar finishes with the addition of attached garages.
Alta Wren offers a sanctuary where luxury apartment living intertwines with a state-of-the-art amenities package, tailored specifically for those who are seeking to unwind. It features a saltwater pool with poolside cabanas, adjacent to a greenhouse-inspired clubhouse complete with a self-service automated barista with complimentary coffee and wine on tap. For residents who are looking for an alternative to the 24/7 fitness club, look no further than the large outdoor recreation areas and green space surrounding the property. Additional outdoor amenities include a community fire pit, outdoor grilling area and playground.
Wood Partners prides itself in offering pet-friendly accommodations across its property portfolio, and Alta Wren is no exception. The property features a pet spa, where furry friends can freshen up after running their hearts out in the leash-free dog park.

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KANSAS CITY, MO – Continuing its mission to make and preserve affordable housing in 15 states and the District of Columbia, NHPF announced its acquisition of Cardinal Ridge Apartments in Kansas City, MO. The 160-unit former 9% tax credit deal includes LIHTC, market rate, and public housing units for seniors and families.
NHPF and the Housing Authority of Kansas City, Missouri (HAKC), acted in partnership to prevent the property from going to foreclosure. Because the initial 15-year compliance period on the property has expired, the acquisition will ensure the property remains affordable beyond the remainder of its 30-year extended use period and into the foreseeable future.
Cardinal Ridge Apartments offer 20 buildings providing a variety of housing options including a senior-dedicated 3-tale mid-rise building serviced by an elevator, garden style walkups, and two- and three- tale townhouse units.
NHPF is currently working to stabilize the asset in preparation to resyndicate the property as a tax-exempt bond and 4% LIHTC transaction.
At HAKC we look for partners who can go quickly with intent to prevent our city from losing any precious affordable housing, said Edwin Lowndes, Executive Director at Housing Authority of Kansas City, MO, In NHPF, we found a partner who shares this goal and together we were able to enact the buy and preserve the property s affordability.
This Kansas City property affords NHPF the opportunity to expand our provision of much-needed affordable housing in a stable neighborhood with low crime, said Mansur Abdul-Malik, VP, Development, NHPF, who continued, The transaction also expands our Housing Authority relationships and demonstrates our expertise in completing complex financial transactions in record speed.

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WASHINGTON, DC – Gables Residential, a leader in the management and development of multifamily apartment communities, has broken ground on one of its newest projects in Washington, D.C, Gables Union Market. Gables Union Market is in the heart of the Union Market district, which is a 45-acre district for shopping, entertainment, restaurants, nightlife and more. The community will offer 300 apartment homes and over 20,000 sq. ft. of retail space. EDENs will own the ground floor retail and will bring exciting retail partners to complement the residential component.
Gables Union Market will have thoughtfully-designed amenities such as an infinity-edge pool and sundeck that will take advantage of views of the Capitol and Washington monument, outdoor dining with barbeque grills, a fire pit, shaded lounge/seating areas, a dog run, an outdoor activity lawn and a huge screen TV for movies. The indoor amenities will include a community room, game area, state-of-the-art fitness center, a dog wash and two unique spaces to complement the Union Market District – a flexible maker space room and a morning/garden room. The second-floor amenity space includes a conference room, several private breakout rooms, flexible seating areas that can double as co-working space, a podcast room and two outdoor terraces.
The community will incorporate green building and efficiency features including an approximately 2,000 SF solar panel array, energy star appliances and water sense plumbing fixtures.
Jorgen Punda, Senior Vice President of Investments at Gables Residential stated, We are thrilled to be adding another exciting addition to the DC portfolio. Union Market is a lively one-stop destination, and we look forward to being a part of this unique and thriving neighborhood.

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