Best-in-class, amenity-rich multifamily development to offer residents convenient access to retail, dining and major job corridors in the Southeast Valley Phoenix metro area

The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, today announced the financial closing and groundbreaking of an upscale, 353-unit multifamily development within Medina Station, a 60‑acre master planned community in Mesa, Arizona. The four‑story, elevator‑served community will be built on a 10‑acre parcel in the northeast quadrant of the master plan, bringing thoughtfully designed apartment homes to families, working professionals and students in one of the fastest‑growing corridors in the Southeast Valley of the Phoenix metropolitan area.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260226356908/en/

Medina Station Courtyard Pool (Photo Credit: The NRP Group)

Project financing was provided by Origin Investments as the equity partner, with debt capital from lender U.S. Bank. This represents the first investment for Origin’s Select Asset Fund and the third time The NRP Group and Origin Investments have partnered together in a new ground-up development. Origin Investments is also an equity partner in NRP Group’s 353-unit Haynes Lofts community in San Antonio and a 340-unit Class-A development in East Austin.

“We identified this pocket of Mesa as a unique and compelling opportunity due to its strong demographics, beautiful surroundings and exceptional commercial offerings,” said Austin Kates, Vice President of Development at The NRP Group. “This community will provide high‑quality homes in a walkable environment surrounded by established retail, dining and employment hubs. What sets this site apart is its suburban location paired with direct proximity to top retail offerings, enabling residents to access everyday conveniences without needing to get in their car. We’re thrilled to bring a thoughtfully designed community to Medina Station and contribute to the continued growth of the Southeast Valley.”

Located at 10941 E Southern Ave., the development is within walking distance of major commercial retailers in Medina Station and the surrounding area, including Target, Sprouts Farmers Market, EōS Fitness, a variety of sit-down and fast-casual dining options, and personal service providers. The site offers convenient access to US-60 and Loop 202, providing direct connectivity to key regional employment centers such as the Elliot Road Technology Corridor, Mesa Gateway Airport, and surrounding hospital networks. Approximately 15 minutes southeast of the property is LG Energy Solutions’ $5.5 billion battery manufacturing campus, which is currently under development and expected to generate thousands of new jobs in the area. In addition, the community is well positioned near educational institutions, including ASU’s Polytechnic Campus and A.T. Still University.

“Medina Station is well positioned to be a premier development in Mesa,” said Jacob Sojka, Vice President of Acquisitions at Origin Investments. “The project benefits from a strong location within a mixed-use community that includes planned retail, creating instant appeal. In addition, NRP’s reputation as a tier-one developer adds meaningful experience, credibility, and scale.”

The new community will include a mix of studios and one-, two- and three-bedroom residences totaling more than 340,000 square feet of rentable space. In addition to the main four-story building, six two-story carriage-style buildings will be located around the perimeter of the property, offering direct-access units as well as rentable garage space for residents.

The architectural design takes inspiration from the master plan’s desert modern aesthetic and natural surroundings. Residences will include washer and dryer units, private balconies, stainless steel appliances, quartz countertops, walk-in closets and private yards in select units, as well as unobstructed views of the Superstition Mountains.

Residents will have access to a robust amenities package designed around wellness, convenience and connection, featuring a resident clubhouse lounge with coffee stations, a business center with coworking spaces, a fully equipped fitness center and an outdoor pool area complete with a spa jacuzzi, cabanas and grill stations. Residents will also enjoy a dedicated dog park, landscaped courtyards with fire pits, comfortable seating areas and a golf putting green. Additional conveniences include surface parking, carports, garages, rental storage units and pedestrian access gates that provide direct walkability to the commercial offerings within the Medina Station master plan.

The Phoenix metro area remains a priority market for The NRP Group, underscoring the firm’s strategic commitment to one of the fastest-growing counties in the U.S. In December, the firm broke ground on Desert Sky, a 288-unit affordable housing community in West Phoenix. This expansion reflects strong confidence in the region’s long-term rental housing market, driven by robust job growth and sustained year-over-year in-migration patterns. The NRP Group has developed more than 67,000 apartment homes in 17 states since 1994 and currently manages over 30,000 residential units across the U.S.

Construction of the new 353-unit community will begin later this month, with completion expected in 2028.

About The NRP Group

The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 67,000 apartment homes and currently manages over 30,000 residential units.

Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing.

The NRP Group has been consistently named a largest developer and builder in the U.S. on the NMHC “Top 50” lists, the Top 5 on the Multi-Housing News’ “Top Multifamily Developers” list, named a Top Affordable Housing Developer by Affordable Housing Finance, and has won three NAHB Pillar awards since 2020 for Development, Construction and Ones to Watch. The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.

About Origin Investments

Founded in 2007, Origin Investments is a private real estate manager that helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing tax-efficient real estate solutions through private funds. We build, buy and finance multifamily real estate projects in fast-growing markets throughout the U.S. In 2023, we founded affiliate firm Origin Credit Advisers, an SEC-registered investment adviser that provides yield-focused multifamily debt investments for qualified purchasers. SEC registration does not constitute an endorsement by the commission, nor does it indicate that the adviser has attained a particular level of skill or ability. Through our Origin Exchange platform, introduced in 2024, investors can complete a 1031 exchange of their properties for professionally managed, institutional-quality assets. To learn more, visit www.origininvestments.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260226356908/en/