Wood Partners Announces Plans to Build Alta Heights Apartment Community in Houston's Vibrant Washington Corridor

Construction Begins in May for the 256-Unit Community Located Walking Distance From Burgeoning Shopping, Entertainment and Dining District


HOUSTON, TX--(Marketwire - Apr 24, 2012) - Wood Partners, L.L.C., the nation's most active multifamily developer, announced today it will build Alta Heights, a 256-unit apartment community at 145 Heights Blvd., in the city's dynamic Washington Corridor.

"It is incredible to see how vibrant Washington Avenue has become in the last five years. What used to be a fairly industrial part of town is now an entertainment hub for the city and home to an impressive group of locally owned retail stores, nightclubs, and restaurants," said Todd Gaines, Wood Partners' South Texas developer.

The four-story building, designed by Womack + Hampton, will consist of 256 units on 3.5 acres, and will include Efficiency, 1-bedroom and 2-bedroom units. Heights Avenue Builders, LLC, will begin construction in May 2012 with first units available in May 2013. Construction is expected to be completed by October 2013.

Amenities at Alta Heights include granite countertops, stainless steel appliances, under-mount sinks, subway tile backsplashes, vinyl plank flooring in kitchen and living areas, washer/dryers in each unit and garden tubs and showers in select units. Approximately half of the units come with a technology package including an in-wall iPod docking station at the entry and speakers mounted in the living room.

Highlights of the community's common areas include a courtyard with pool, barbecue grills, an outdoor kitchen with TV, a second courtyard with water fountain and grill, a fitness center, leasing office and club room with kitchen and bar areas.

"In addition to being walking distance from some of the best dining and entertainment in town, the site is also five minutes from Downtown, Memorial Park, Eleanor Tinsley Park, and River Oaks. We think our residents will love living so close to work and play," said Gaines.

About Wood Partners
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. In 2011, it was ranked the nation's No. 1 multifamily developer with 3,750 unit starts. 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 40,000 homes with a combined value of more than $5.5 billion nationwide. Wood Partners has offices in 15 major markets nationwide including Atlanta, Baltimore, Boca Raton, Boston, Charlotte, Dallas, Denver, Houston, Newport Beach, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, Washington, D.C. To learn more about Wood Partners, please visit our Web site at www.woodpartners.com.

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Vanessa Showalter
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Genevieve Anton
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