Tuesday, 28 October 2025
Trei Real Estate has expanded its U.S. portfolio with the completion of two residential developments and the launch of two new projects, bringing the combined investment volume across the four schemes to around €290 million.
The company, together with local partners, has completed Atlantic Nowell Creek in Charleston, South Carolina, and Apela House in Jacksonville, Florida. Atlantic Nowell Creek, located within the Nowell Creek Village waterfront community, consists of eight buildings with 320 apartments covering 30,000 square metres. Construction began in June 2023 with an investment of €98 million. Apela House, situated in northern Jacksonville close to retail, restaurants and the airport, adds 285 apartments across 24,800 square metres, with a project volume of €54 million.
In parallel, Trei has started work on two further multi-family developments. On Merritt Island, Florida, the company is developing Fortenberry, a 296-unit project spread across five four-storey buildings. The apartments will feature balconies and access to shared amenities including a swimming pool, clubhouse and gym. In Matthews, a suburb of Charlotte, North Carolina, Trei has broken ground on Connery Midfield Station, a 157-unit development for residents aged 55 and above. The community will include fitness and yoga facilities, a pool with barbecue area, a club room and a garden. Both projects are scheduled for completion by 2027 with a total investment of €138 million.
Pepijn Morshuis, CEO of Trei Real Estate, said that demographic and economic trends continue to support rental demand in the southeastern U.S., where high housing prices and mortgage rates limit homeownership for many households. He noted that demand for age-restricted housing is particularly strong as the population of adults over 55 grows, with Connery Midfield Station designed to meet this need.
