NRP Group and family office partner to build two multifamily properties

A joint venture of The NRP Group — a developer, builder and manager of multifamily housing — and Willton Investment Group, a real estate–focused family office investment group, has broken ground on upscale apartment communities in Austin, Texas, and Largo, Md. Both communities are in submarkets with booming local economies, high-quality job growth and population inflows.

At 12201 Dessau Road in Austin’s Tech Ridge neighborhood, the partnership is developing Lucent, which will comprise 368 apartments across 16 three-story residential buildings with attached garages and a standalone clubhouse.

At 100 Capital Court in Largo, the partnership is developing The Everly at Largo Metro, which will feature 260 apartments within two L-shaped buildings and one U-shaped building.