BOZEMAN, MT – Global real estate investment company Kennedy Wilson is expanding its presence in the Mountain States through an investment in an 11-acre Opportunity Zone site that will be developed into a 268-unit garden-style community named The Oxbow in Bozeman, Montana.
Kennedy Wilson has committed $16 million to the venture in exchange for a 51% ownership in the development alongside equity and operating partner Roundhouse, a Boise-based real estate investment management company.
Construction is already underway on The Oxbow, which is expected to reach completion in 2023. When complete, the new community will offer ample amenities for residents while promoting access and connection to the outdoors.
Bozeman has emerged as one of the fastest growing cities in the country over the last several years, and we are pleased to expand Kennedy Wilson s multifamily presence into a region that is primed to continue its upward trajectory, said Nick Bridges, Managing Director at Kennedy Wilson, who oversees multifamily investments in the region. Entering the Bozeman multifamily market is a natural next step for us as we continue our focus on acquisitions in regions offering residents a high quality of life and a relatively affordable cost of living – key factors that many individuals and employers are seeking as work flexibility increases. The Oxbow will provide the modern, amenity-rich lifestyle that outdoor-oriented tenants demand.
Plans for The Oxbow include a mix of one-, two-, and three-bedroom apartments across a collection of low-rise buildings with clean, mountain-modern designs that blend urban and natural amenities. The community will feature a variety of amenities including a coffee shop, a resort-style spa, fitness and yoga studio, as well as a community kitchen, working spaces and a dog wash station. The Oxbow is expected to contribute approximately $2.4 million of annual net operating income to Kennedy Wilson upon completion.
The acquisition comes on the heels of several large apartment buys by Kennedy Wilson in the Mountain States and reflects a continued focus on recycling capital from dispositions into high-quality multifamily properties in high-growth markets. The Oxbow will add 268 units to Kennedy Wilson s Mountain States portfolio, which now totals over 10,000 market-rate and affordable units, including those under development. The Oxbow also contributes to the overall expansion of Kennedy Wilson s multifamily portfolio, which has grown from 30,000 units at year-end 2020 to over 32,000 units at the close of Q2 2021.

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HOUSTON, TX – Gardner Capital, a private equity firm specializing in multifamily housing and renewable energy development and investment, announced that the GCRE Impact Fund will provide funding to support electric vehicle (EV) adoption at its newest multifamily development, Jubilee at Texas Parkway in Missouri City, Texas.
Soft funding from the GCRE Impact Fund will pay for the installation of EV charging stations at the new community. It will also provide tenants access to EV charging at significantly reduced rates.
“Residents at Jubilee at Texas Parkway will soon have access to quick, reliable EV charging stations on site at the property,” said Amy Dosen, Managing Director, Capital Markets at Gardner Capital. “We are excited to be able to offer this to our valued residents and encourage the adoption of electric vehicles in our community. The soft funding from the GCRE Impact Fund allows us to provide our residents with significant savings on EV charging rates.”
Located at 3302 Texas Pkwy, Missouri City, Texas, Jubilee at Texas Parkway is a garden-style apartment community for residents that are 55 and older. The development features one- and two-bedroom apartments and has a total of 82 units. Amenities include a multipurpose community room, fitness and wellness center and cyber lounge in addition to covered porches and a resort-style pool with water features.
The development was made possible through multiple financial and other partners, including Citibank. Property management services for Jubilee at Texas Parkway are provided by Seldin.

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MIAMI, FL – Mill Creek Residential, a leading multifamily investor and operator specializing in premier rental communities across the U.S., announced that construction is underway at Modera Skylar Phase II, a contemporary apartment community located in the River District of Downtown Miami. The company first broke ground in February and is now amidst the construction process.
Located just north of the Miami River with exceptional access to all of Miami’s major trafficways, Modera Skylar Phase II is surrounded by Miami’s thriving Health District. The community, a high-rise being developed alongside the original 21-tale Modera Skylar, will offer 97 apartment homes and a connection to the elevated pool deck that provides residents with panoramic views of the city. The site’s commuter-friendly position allows residents to conveniently explore Miami’s most well loved attractions.
“We have always highly valued the South Florida apartment market, which has shown fantastic resilience through the pandemic and is poised for a strong future as the nation and economy continues to recover,” said Jeff Meran, executive managing director for Mill Creek Residential’s Southeast Division. “At the Modera Skylar buildings, we’ll aim to encourage an active, social lifestyle that will help give residents the work-life balance so many of them are craving. With its strategic location and wide range of first-class amenities, our second phase will continue to provide a resort-style living experience for our residents.”
Situated just west of NW 14th Avenue, Modera Skylar Phase II will provide residents with convenient access to an array of world-class restaurants and retail shops. The walkability of the neighborhood (87 Walk Score) and the nearby metro stations keep residents connected to nightlife and cultural attractions. The community is also near several major employers, including Jackson Memorial Hospital and Miami International Airport, while the surrounding neighborhood encompasses multiple schools that range from elementary to college, including the adjacent University of Miami School of Medicine.
The community is within walking distance to the newly opened River Landing Shops and is also just a small ride from the Wynwood Art District – a nexus for culture and arts featuring trendy eateries and ample shopping opportunities. The neighboring Design District, known for its sleek architecture, celebrity-chef restaurants and upscale fashion boutiques, is nearby as well, as are all the amenities of Midtown, Downtown and Brickell. Meanwhile, the iconic South Beach is only a 15-minute drive from the community.
Modera Skylar Phase II will offer one-, two-, and three-bedroom apartment homes, with den layouts available. Community amenities include those of the original building, featuring a clubhouse with a lounge area and TVs, free Wi-Fi throughout the amenities, an expansive rooftop deck featuring a redesigned pool and hot tub, outdoor fitness and an outdoor entertainment area with grills and picnic tables. Phase II will also include a two-tale fitness center and resident lobby. The pet-friendly community also will feature an onsite dog park, package lockers, reserved parking in a controlled-access garage and an optional valet dry-cleaning service.
Apartment homes will feature luxury wood-inspired plank flooring throughout, nine-foot ceilings, private balconies, king-sized bedrooms with walk-in closets, generous storage space, LED light fixtures, in-home washers and dryers, central heating and air and contemporary kitchens with stainless steel appliances, quartz countertops, USB ports and tile backsplashes. Select homes feature two full baths, walk-in showers, breakfast bars, wrap-around balconies and views of the weekly fireworks show at Marlins Park.
Modera Skylar Phase II will complement the recently renovated Modera Skylar, which offers 166 studio, one- and two-bedroom homes and a deluxe suite of amenities.

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