Completing full vertical integration, the multifamily company has established Brazos Residential Management.
While activity is notable in the Sun Belt, D.C., Los Angeles, and Philadelphia, construction starts slowed to 30,800 units in the second quarter of 2023.
June will also seed NextStory Capital to scale growth by acquiring Class B urban residential assets in key U.S. markets.
Near USC, the 18,800-square-foot site will become Mosaic’s largest community and first ground-up construction with 53 units and 260 beds.
Half of respondents younger than 50 believe more transit-oriented housing would increase affordability, according to a recent survey by coUrbanize.
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