Articles from The NRP Group

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the opening of a 324-unit, mixed-income housing community in Dallas, Texas. Ascent at Mountain Creek is just 15 minutes outside of downtown Dallas, with 50% of the units reserved for individuals and families earning 80% or less than the Area Median Income (AMI).

The NRP Group, Community Housing Resource Partners (CHR), city officials, housing advocates, and community members gathered at the grand opening of Nova Lofts, a new development on the city’s Northeast side, marking a significant milestone in San Antonio’s need for affordable housing. This is The NRP Group’s second affordable community to receive the support of the COSA Neighborhood and Housing Services Department’s 2022 Affordable Housing Bond Program Bond. Three weeks after opening, Nova Lofts apartments were fully leased setting an impressive company record. takes the record as the fastest lease-up in the organization’s history, filling units within the first three weeks.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the expansion of its third-party construction team with the appointments of Kevin Glenn, Noah Soven and Matt Tryder to Vice Presidents of Construction Business Development for Florida, the Carolinas and the Northeast, respectively. The new executives will report to Ted Kramer, Executive Vice President of Construction at The NRP Group.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the addition of Brett Gelsomino as Senior Vice President of Development. Leveraging nearly 20 years of experience in housing development and investment in Florida, Gelsomino will lead the firm’s market-rate development efforts throughout the state, overseeing all aspects from site selection to project completion. Gelsomino will report to Mike Zelenkofske, Executive Vice President of Development at The NRP Group.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, alongside the City of San Antonio and several development and financial partners, today announced the opening of a 324-unit affordable housing community in San Antonio, Texas. Los Arcos at Vida is the first newly constructed affordable development in San Antonio to be funded and break ground through the 2022–2027 City of San Antonio (COSA) Housing Bond Program.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with the City of Charlotte, today announced the opening of a 200-unit affordable housing community in Charlotte, North Carolina. The development provides high-quality, amenity-rich housing to residents earning between 30% and 60% of the Area Median Income (AMI). A limited number of workforce housing units are also reserved for residents earning up to 80% AMI.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, and U.S. developer Rockefeller Group today announced the groundbreaking of Silverado, a Class-A, 342-unit apartment community in Las Vegas. Located near the Southern Highlands Master-Planned Community, Silverado represents NRP’s entry into Las Vegas, and Rockefeller Group’s first multifamily project in Nevada. This project is a significant milestone in the two companies’ shared commitment to bringing innovative, high-quality housing options to growing markets.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with the Capital Area Housing Finance Corporation (CAHFC), today announced the opening of Centro35, a 330-unit affordable housing community in San Marcos, Texas. The development provides high-quality, amenity-rich housing to residents earning up to 60 percent of the Area Median Income (AMI).

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with the Housing Authority of the City of Austin (HACA), today announced the opening of Bridge at Estancia, a 318-unit affordable housing community in Austin, Texas. The development provides quality, amenity-rich housing for residents earning up to 60 percent of the Area Median Income (AMI).

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership JPS Health Network, today announced the financial closing of a 67-unit mixed-income multifamily development in Fort Worth, Texas. Sixty of the units will be reserved for residents earning 30, 50 and 60 percent of the Area Median Income (AMI), with the remaining seven set aside as market-rate. The development will also include 2,200 square feet of commercial space leased to JPS Health Network to service residents and the surrounding community.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with the City of Mesquite Housing Finance Corporation, today announced the financial closing and groundbreaking of The Fielder, a 288-unit affordable housing community in Mesquite, Texas. Units will be reserved for residents earning between 50 to 70 percent of the Area Median Income (AMI).

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with PointOne Holdings and the Travis County Facilities Corporation (TCFC), today announced the groundbreaking of a 328-unit mixed-income multifamily development in Austin, Texas. Half of the units will be reserved for residents earning between 60 to 80 percent of the Area Median Income (AMI).

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with Marshall Heights Community Development Organization, Inc. (MHCDO), has closed on construction financing for Emblem, a 115-unit, entirely affordable housing community in the middle of the thriving NoMa and Union Market neighborhoods. The community will be entirely reserved for families and individuals earning up to 30% and 50% of the Area Median Income (AMI).

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with local owner-operator RPW Group, today announced the groundbreaking of a 200-unit luxury multifamily development in Harrison, New York. The project includes a mix of studio, one- and two-bedroom residences and offers a unique assortment of in-demand amenities for working professionals, and families alike.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with Forward Thinkers Development today celebrated the grand opening of The Renaissance, a 179-unit affordable housing community in the City of New Rochelle in New York. The newly completed property includes the 22,000-square-foot Boys & Girls Club of New Rochelle’s Remington Clubhouse, which will serve hundreds of local youth by providing a safe place to grow and learn through the nonprofit’s renowned after-school programming.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the hire of Bill Zunamon as Vice President of Development. This strategic hire marks NRP's expansion beyond market-rate developments in Florida to include affordable and workforce housing projects. Zunamon will report to Aaron Pechota, Executive Vice President of Development at The NRP Group.

In partnership with the Housing Authority of the City of Austin (HACA), The NRP Group celebrated the grand opening of The Markson, a 330-unit mixed-income housing development in Austin’s coveted Barton Springs community. As a part of both organizations’ commitment to creating affordable housing options for Austin residents, more than half of the units will be reserved for residents earning 80% of the Area Median Income (AMI).

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the hire of Patrick Carino as Vice President of Development. Leveraging more than a decade of experience in the Northeast region, Carino will originate and manage all aspects of market-rate development in New Jersey, New York, Connecticut, and Massachusetts. Carino will report to Jonathan Gertman, Senior Vice President of Development for NRP’s New York City office.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with New York State Homes and Community Renewal (HCR) and nonprofit organization Soldier On has broken ground on Selkirk Reserve, a 72-unit, fully affordable housing community in Bethlehem, New York.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with The City of Killeen Public Facility Corporation (PFC), J.P. Morgan, and Texas Capital Bank, today celebrated the grand opening of Station42, a 368-unit mixed-income multifamily project in Killeen, Texas.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, has officially broken ground on The Riley, a 275-residence, market-rate multifamily community located in Fort Myers, Florida.

The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, today announced the appointment of George Currall as Chief Financial Officer (CFO). The announcement follows the retirement of Andy Tanner, a 23-year veteran of NRP and the firm’s long-time CFO. All changes are effective immediately.

The NRP Group, Capital Area Housing Finance Corporation leadership and Williamson County officials gathered to celebrate the grand opening of north Austin’s new affordable housing development, The James on Grand Avenue. The new apartment community brings a significant number of new affordable homes to North Austin and will provide residents with high-quality living options near a growing employment hub and a top-performing school district.

NRP Group leadership, Community Housing Resource Partners and City of San Antonio (COSA) officials gathered at the future site of San Antonio’s newest affordable housing community, Nova Lofts, to kick off construction of the 65-unit community on the city’s Northeast side. Nova Lofts is The NRP Group’s third affordable housing community in San Antonio to break ground this year, and second supported by the COSA Neighborhood and Housing Services department’s 2022 Affordable Housing Bond Program (Bond).

Local Cleveland officials joined The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, and University Hospitals (UH), one of the nation's leading health care systems, for a ribbon-cutting ceremony to celebrate the grand opening of The Davis Apartments (The Davis), a 52-unit affordable housing apartment community, and the UH Community Wellness Center in Cleveland’s Glenville neighborhood.

The NRP Group’s commitment to creating high-quality housing continues with a new 300-unit apartment community in Schertz, Texas, known as Aviator 1518. It is the first-ever affordable housing development created through a partnership between the Schertz Housing Authority and The NRP Group.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with H.I.G. Realty Partners, the real estate platform of global investment firm, H.I.G. Capital, has broken ground on Diamond Flats, a market-rate community in Carrollton, Texas, a vibrant suburb of Dallas. The six-acre site is being transformed into a four-story development comprising 331 apartment homes. Santander Bank, N.A. has provided a construction loan for the project.

Leaders with the Columbus Metropolitan Housing Authority (CMHA) and The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, joined today with Columbus Mayor Andrew Ginther, state Sen. Hearcel Craig, D-Columbus, and local dignitaries in a ribbon-cutting ceremony to celebrate the grand opening of The Sinclair Apartment Homes (“The Sinclair”), a new, $40 million, 180-unit fully affordable apartment community in Columbus.

The NRP Group – a vertically integrated, best-in-class developer, builder, and manager of multifamily housing – in partnership with leading real estate investor Angelo Gordon, has broken ground on Lake Pointe, a market-rate apartment community in Woodbridge, Virginia. The 15-acre site will be transformed into five four- and five-story buildings comprising 355 units.

Mayor Tom Roach joined The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, and RPW Group, a commercial property owner and developer, for a ribbon cutting ceremony to celebrate the grand opening of The Halden, a new community of 303 upscale apartment homes.

The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, today announced the hires of Austin Kates as Vice President of Development in Phoenix and Mike Moriarty as Vice President of Development in Las Vegas. Both will report to Chris O’Neill, Executive Vice President of Development in Texas.

Mayor Tony Vauss joined developer Adenah Bayoh and The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, for a ribbon-cutting ceremony to celebrate the grand opening of a 56-unit affordable apartment community in Irvington, New Jersey.

In partnership with Rockwood Capital, Citizens Bank and Fifth Third Bank, National Association and G&S Investors, The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, has broken ground on a 401-unit multifamily apartment development in the Port Liberté neighborhood of Jersey City.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing is pleased to announce that Debra Guerrero, the company’s Senior Vice President of Strategic Partnerships and Government Affairs, has been appointed to serve as Chairwoman of The National Association of Home Builders (NAHB) Affordable Housing Group. NAHB represents the largest industry network of home builders and developers dedicated to ensuring access to housing is a national priority.

The National Association of Home Builders (NAHB) named The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, as the 2022 Development Firm of the Year at its annual Pillars of the Industry Awards ceremony.

Development partners and City officials gathered at the site of the future Los Arcos at VIDA to celebrate the groundbreaking of a new affordable housing development on San Antonio’s south side. Los Arcos, which translates to “the arches” in Spanish, is the first project to break ground that utilizes funds from the 2022–2027 City of San Antonio (COSA) Housing Bond Program.

Housing & Neighborhood Services Director Shawn Heath, other community officials, and project partners, joined representatives of The NRP Group, a vertically-integrated, best-in-class developer, builder, and manager of multifamily housing, today at a ribbon-cutting ceremony to celebrate the grand opening of Sundale Flats, the newest affordable housing community bringing 180 units to residents earning at or below 80% of the Area Median Income (AMI) in Charlotte, N.C.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in collaboration with Canyon Partners Real Estate (Canyon) and CIBC Bank USA, has officially broken ground on South Tryon, a market-rate community that will bring 310 apartments to Charlotte’s rapidly growing South End.

The NRP Group, a vertically integrated, award-winning developer, builder and manager of multifamily housing, has officially broken ground on ‘Ascent at Mountain Creek’ - a 324-unit mixed-income multifamily community located just 15 minutes outside of downtown Dallas. Fifty percent of the units will be reserved for individuals and families earning 80% or less than the Area Median Income.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, celebrated the grand opening of 5115 at The Rising today. Cleveland Mayor Justin Bibb was in attendance, alongside representatives from University Settlement, a nonprofit organization providing premier social services to the residents of the Broadway-Slavic Village neighborhood for more than 90 years.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the hire of Grace Evans as Vice President of Development in Nashville, reporting to Aaron Pechota, Executive Vice President of Development and Head of Affordable Housing.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the hire of Christopher O’Neill as Executive Vice President of Development in Texas, reporting to Kenneth W. Outcalt, Principal and President of Development.

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, Willton Investment Management, a real estate-focused family office investment company, and Greenbelt Mayor Emmett V. Jordan, today celebrated the grand opening of Motiva, a transit-oriented, amenity-rich community of 354 upscale apartment homes in the City of Greenbelt, Maryland.