DALLAS, TX – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, announced the financial closing and groundbreaking of a 370-unit luxury multifamily community in Carrollton, Texas.
Strategically located near job centers in North Dallas and public transit, the development is designed to meet surging demand for larger, high-quality residences in the densely populated Dallas-Fort Worth (DFW) metropolitan area.
The new community, known as Jackson Road, is located at 2255 N. Broadway Street and will feature one-, two-, and three-bedroom homes with dens. The average unit size will exceed 1,000 square feet, catering to working professionals and families in need of space for remote work and flexible living.
As the cost of homeownership continues to rise across North Texas, renters are seeking spacious, well-connected communities that support modern lifestyles, said Alena Savera, Vice President of Development at The NRP Group. Jackson Road s expansive floor plans, amenities, and simple access to transit and major employment centers will deliver an elevated living experience for Carrollton residents that s increasingly hard to find.
Located near the intersection of the I-35E and the President George Bush Turnpike, the site offers quick access to key job markets in neighboring cities and submarkets throughout North Dallas. The project is also within walking distance to DART s Green Line and the new Silver Line commuter rail that will connect Carrollton to Plano and DFW Airport.
The 661,000-square-foot development is four levels tall. Each residence within the new rental community will feature high-end finishes, complete kitchens, and in-unit laundry for added convenience. Residents will have access to a range of upscale amenities, including a resort-style pool, a 24-hour fitness center, a landscaped courtyard, a dog park with wash stations, and a fully equipped business center.
The development s architecture and design draw inspiration from historic train stations, blending classic elements with contemporary, modern aesthetics. The community will also offer walkable access to parks, retail, and dining offerings, tapping into Carrollton s vibrant and diverse cultural scene.
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: 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; and Ascent at Mountain Creek, a 324-unit mixed-income housing community in Dallas.
Financial partners for Jackson Road include equity partner H.I.G Capital and lender First Citizens Bank. Construction commenced this month, with completion and initial occupancy scheduled for Q4 2026.

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KANSAS CITY, MO – Bow River Capital, a Denver-based alternative asset management firm with $4.4 billion in assets under management, announced the acquisition of Brookside Commons, a newly constructed 212-unit Class-A multifamily community located in Kansas City, Missouri. This marks Bow River s third multifamily acquisition in the Kansas City market, following the successful buys of Gallerie (361 units) and Icon (57 units).
Built in 2023, Brookside Commons aligns with Bow River s investment strategy of acquiring high-quality, undervalued assets in resilient and growing markets. The transaction was completed at more than a 24% discount on today s replacement cost, offering attractive relative value in a supply-constrained market. Financing was arranged through Berkadia s Denver office in partnership with Fannie Mae.
Brookside Commons checks every box for us — newer vintage product, highly desirable location, and strong demand drivers supported by stable and growing employment sectors, said John Layton, Director at Bow River Capital. This investment reinforces our conviction in Kansas City as a long-term growth market and underscores our strategy of acquiring well-located assets at a discount to intrinsic value.
Strategically located near the Country Club Plaza and Downtown Brookside, the property benefits from both proximity to major retail corridors and the economic insulation provided by surrounding medical and education institutions, including Research Medical Center, KU Medical Center, St. Luke s Health System, and the recently announced $34.5 million Center for Clinical Advancement by Research College of Nursing and HCA Midwest Health.
Kansas City continues to distinguish itself among U.S. metros with steady, positive rent growth, defying the national trend of softening rents in oversupplied markets. With a measured development pipeline and increasing demand from healthcare and education professionals, we believe Brookside Commons is well positioned to thrive in a market supported by durable, recession-resistant industries.
Bow River Capital intends to deepen its footprint in Kansas City, taking advantage of current market dislocations and favorable long-term fundamentals. The acquisition of Brookside Commons further expands the firm s growing multifamily portfolio across the central United States.
This latest investment follows Bow River s recent acquisition of Camden Midtown, a 337-unit, three-tale multifamily community in Houston. Together, these moves underscore Bow River s strategic expansion across what it calls the Rodeo Region —a collection of high-growth markets across Texas and the central U.S., where demographic tailwinds and value opportunities continue to align.

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CHARLOTTE, NC – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, announced the groundbreaking of The Airedale, a new three-tale, 348-unit luxury multifamily community in Charlotte, North Carolina. The Airedale will be Toll Brothers Apartment Living s first rental community in the state. The community is being developed as part of a joint venture with International Capital, LLC and financed through a construction loan facility from TD Bank.
The recent groundbreaking celebration was attended by Toll Brothers Apartment Living leadership and The Airedale s development partners. The Airedale is anticipated to open in fall 2026
We are excited to officially break ground at The Airedale, our first multifamily community in North Carolina, said John McCullough, President of Toll Brothers Apartment Living. Toll Brothers Apartment Living is known for building extraordinary communities in thriving locations, and The Airedale will set a new standard for luxury living in Charlotte.
The Airedale will offer a mix of one-, two-, and three-bedroom floor plans. Each apartment home will include luxury finishes and upscale features, including quartz countertops, stainless steel appliances, soft-close cabinetry with under-cabinet lighting, and kitchen islands. The apartment homes will also feature modular closets, private balconies, and smart home technology.
Residents will delight in an 8,200-square-foot clubhouse, adjacent to an expansive pool and sundeck with cabanas, an outdoor grilling and dining area, a hammock garden, and green space with lawn games. The community will offer a 24/7 fitness center with individual workout pods and an outdoor fitness lawn, a catering kitchen and a private dining room, a coworking suite with individual work pods and a conference room, a pet spa and a half-acre pet park, and a coffee and hydration bar as well as on-demand beverage taps. Additional community amenities will include a grab and go market, a package room with cold storage, and community-wide Wi-Fi.
The Airedale represents our commitment to delivering thoughtfully designed communities with elevated living experiences, said Michael Skena, Managing Director of Toll Brothers Apartment Living in the Mid-Atlantic region. With modern residences, best-in-class amenities, and a location that puts the best of Steele Creek and Charlotte within reach, The Airedale will offer residents a community defined by comfort, style, and convenience.
The Airedale is situated on a 19.75-acre site located at 13607 Choate Circle in Charlotte. This vibrant area boasts ample dining and shopping, including the RiverGate Shopping Center and Steele Creek Crossing, as well as proximity to outdoor recreation. The Airedale is located near Interstates 77 and 485, and South Tryon Street, giving residents simple access to South End, Uptown, and regional employment centers.

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