News

Tampa, FL [May 23, 2022] – Korman Communities, in partnership with RXR, has completed the purchase of its first property in the Tampa Bay market. The brand new, 353-unit, eight-story, professionally managed, Class A property boasting 25,000 square feet of amenity space, AVE Tampa Riverwalk, offers a unique flexible-stay living solution in Downtown Tampa.

Pioneering New Mixed-Use Silicon Valley Development From Ensemble Real Estate. AVE Santa Clara, a new premium 311-unit, eight-story, residential community from Ensemble Real Estate Investments, will break ground on May 19.  AVE Santa Clara is the first of Ensemble’s seven planned projects in the 45-acre Tasman East District.            

Electra America Hospitality Group, a joint venture between Electra America and AKA, has purchased a new multifamily property in downtown West Palm Beach for $84 million, with plans to develop a 217-room hotel asset called AKA West Palm.

Phoenix, AZ [March 8, 2022] – Korman Communities, in partnership with RXR, has completed the purchase of its first property in the Phoenix market. The brand new, 348-unit, seven-story, professionally managed, Class A property boasting 60,000 square feet of amenity space, AVE Phoenix Terra, offers a unique flexible-stay living solution in Downtown Phoenix.

Somerset, NJ [February 4, 2022] – AVE, a residential real estate brand specializing in flexible living, collaborated with Little Words Project® this Valentine’s Day to design a custom, special edition bracelet to raise money for its long-time charity partner Move For Hunger.

Irving, TX [December 20, 2021] – Korman Communities, in partnership with Verde Capital, has completed the purchase of its first property in the DFW market. The brand new, 288-unit, Class A property, AVE Las Colinas, offers a unique flexible-stay living solution in Irving, Texas, conveniently situated between Dallas and Fort Worth.