The NRP Group, Denton Housing Authority Break Ground on 297-Unit Multifamily
DENTON, Texas (March 31, 2026 )— Multifamily housing developer, builder and manager The NRP Group broke ground on the 297-unit Arbor Ranch affordable housing community in Denton in partnership with the Denton Housing Authority. Younger Partners Senior Vice President David Hinson represented The NRP Group in the 23-acre land acquisition for the project. Foundry Commerical Partner Marty Neilon represented the seller. The development will provide deeply affordable homes for families earning between 30% and 70% of the Area Median Income (AMI), expanding access to attainable housing in the rapidly growing Denton submarket.
Located at 2820 Roselawn Dr., off U.S. Hwy. 377 near Interstate 35, Arbor Ranch places residents within walking distance of Denia Park and its recreation center and the newly rebuilt Borman Elementary School. The development is also within short driving distance to downtown Denton, the University of North Texas and Texas Woman’s University. The property is approximately 30 minutes from downtown Fort Worth and 45 minutes from downtown Dallas, connecting residents to the broader Dallas-Fort Worth employment base. Nearby, the Eagle Creek master-planned residential community is taking shape, adding to the area’s growing residential infrastructure.
“This groundbreaking is a testament to the strong collaboration of our public and private sector partners who are all deeply committed to increasing available high-quality, affordable housing for the residents of Denton,” said Nick Walsh, Vice President of Development at The NRP Group. “We are building on our previous work in the community with the development of Arbor Ranch, our most modern, Class-A affordable product to date, placing residents close to employment centers, education and everyday amenities in one of the city’s most strategic locations.”
Designed to accommodate both working professionals and growing families, the development will feature a mix of one- through four-bedroom residences across nine three-story buildings on a 22-acre site. Residents of Arbor Ranch will have access to a full suite of amenities, including an outdoor pool, playground, barbecue and picnic areas, children’s activity room and community lounge. Onsite resident services, including after-school programming, will be provided to support families and promote long-term stability.
Truist Bank provided comprehensive financing for the project, including a $68 million construction loan, $48 million in permanent financing through its wholly owned subsidiary, Grandbridge Real Estate Capital, and a $33 million low-income housing tax credit equity investment. The permanent financing was secured through a forward rate lock under Freddie Mac’s Tax-Exempt Loan program, providing long-term rate stability for the project. The Dallas-Fort Worth metro area remains a priority market for The NRP Group. The firm has developed nearly 7,000 units across more than 30 properties in the region. Construction of Arbor Ranch is now underway with first units anticipated in early 2027.
About Younger Partners Dallas-based Younger Partners is a full-service commercial real estate firm providing investment, leasing, and management services to investors and tenants in the Dallas/Fort Worth region. They also specialize in the acquisition and disposition of land, multifamily, office, industrial, and retail properties. Younger Partners Investments (YPI) is a Younger Partners’ platform designed to acquire retail properties. Launched in July 2020, YPI targets retail properties from lifestyle to neighborhood centers throughout the DFW area. Younger Partners and YPI are also affiliated with the newly formed Apricus Realty Capital. For more information, please visit www.youngerpartners.com.
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 62,000 apartment homes and currently manages over 30,000 residential units. 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.
