New Apartment Community Managed by Wood Residential Services Opens to Strong Demand as It Forges Close Ties to the Diverse Neighborhood of Knox-Henderson

DALLAS, TX--(Marketwire - Jan 16, 2012) - Alta Henderson, a new apartment development from Wood Partners, has tapped into a robust demand for a community that fuses luxury living with strong relationships in the Knox-Henderson neighborhood.

Centrally located at 5222 Belmont Ave., only minutes from Uptown and Downtown and within walking distance to an array of shopping, entertainment and cultural facilities in one of the city's most vibrant and distinctive areas, Alta Henderson is nearly 60 percent leased despite being open for only eight weeks.

The 106-unit community offers studios, one-, two- and three-bedroom units ranging from 651 to 1,944 square feet and leasing from $1,031 to $2,895. The studio units are fully leased. The property is being managed by Wood Residential Services (WRS), the in-house property management arm of Wood Partners.

"It is gratifying to see the immediate acceptance of a locally grown and technologically sophisticated community that is the right size and fit for a great neighborhood," said Todd McCulloch, a Dallas-based director at Wood Partners.

"Alta Henderson has created a strong sense of community in a very short time by the way it has engaged with the businesses and community organizations in the neighborhood."

Alta Henderson is proudly a "locally grown" community. The developer, architect and construction crews are based locally with an extensive track record of knowing what makes living in Dallas and Texas unique.

Wood Partners chose to develop an intimate, cozy community only three stories tall that would fit the community better than a more dense, higher structure. The location earned a "Very Walkable" rating from Walk Score®.

Architects Good Fulton & Farrell, an award-winning design firm founded in Dallas in 1982, designed Alta Henderson using an urban architectural style that is an updated version of the prairie style common in Old East Dallas.

"Alta Henderson is unique for us in that it's smaller than what we typically do. We want this to feel like a small little community of which you're a member instead of just a number in a large monolithic project," said McCulloch.

The community was designed from the ground up to appeal to the work, lifestyle and social technological needs of its residents.

Alta Henderson features a 24-hour fitness center with premium Techno Gym equipment, iPod docking stations and touch screen TVs. The club room amenities include a media lounge and plasma TV. The Connect Café is equipped with computer work stations, WiFi, print and fax machines.

Energy-saving programmable thermostats and pre-wired high-speed data/phone cable outlets are standard in each apartment, while 60 percent of the homes feature iPod docking stations and ceiling speakers.

Alta Henderson's on-site social media coordinator facilitates the connection between residents and their community.

"This is the first WRS community with a social media/leasing associate as part of the lease-up team," said Vice President of Asset & Property Management Prima Walker. "We've had several leases through our Facebook and Twitter accounts alone, which are typically used for branding and communication rather than a source of leases."

In addition to keeping residents informed about final construction updates, the community's Facebook and Twitter feeds have featured a caption-writing contest that earned the winner a $10 iTunes gift card and a Great Chia Pet Battle is upcoming on Facebook. The community regularly Tweets with local influencers and area businesses, offers an instant chat feature on its website and produced a video about Alta Henderson that was posted on the leading consumer review site Yelp.

Alta Henderson's Active Building program offers residents discounts and perks on a variety of goods and services through partnerships and events with a wide range of local businesses. Alta Henderson hosted a fiesta at The Hacienda on Henderson and is engaging discount promotions with the likes of JBlacks, Capitol Pub and Sunflower Farmers Market.

For further information and to schedule a tour of Alta Henderson, visit www.altahenderson.com.

About Wood Partners
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the development of more than 36,000 homes with a combined value of more than $4.5 billion nationwide. To learn more about Wood Partners, please visit our Web site at www.woodpartners.com

About Alta Henderson
Comfortable, modern living is enhanced by plank flooring in kitchen and living areas, brushed-nickel interior finishes, living room ceiling fans, quartz countertops, Whirlpool Energy Star stainless steel appliances, chocolate-toned maple cabinetry, glass and marble mosaic tile kitchen backsplash features, soaking tubs, walk-in closets, washer-dryer, energy-saving programmable thermostats and pre-wired high-speed data/phone/cable outlets.

Most of the ground floor units have direct access to the street and yard areas; others have rock yards or large patio areas. Built-in computer desks with bookshelves, kitchen islands with built-in range and breakfast bar seating and exterior patios are available in selected units. A limited number of private garages are available.

Community amenities include a courtyard pool with shaded verandah and grilling area, outdoor fireplace, covered, gated parking, valet door-to-door trash and recycling services and professional on-site management by Wood Residential Services.