Wood Partners Closes on Alta Preserve, a 311-Unit Multifamily Development in Allen, Texas

National multifamily real estate developer Wood Partners has officially closed on Alta Preserve, a 311-unit, Class-A apartment community located in Allen, Texas, a suburb north of Dallas. The firm announced the project on March 16, 2026, with groundbreaking scheduled for the same month and delivery targeted for the second quarter of 2027.

Alta Preserve: Project Details and Amenities

Alta Preserve will be developed as a four-story, wrap-style building offering a mix of one-, two-, and three-bedroom apartment layouts. The community's amenity package includes an indoor and outdoor skydeck, a resort-style pool with grills and firepits, a golf simulator, a dry sauna, a dog park and dog wash station, a spacious club and fitness studio, and individual micro-office and fitness locations on each floor.

The property is situated within The Farm, a 135-acre mixed-use, master-planned development in Allen. At buildout, residents will have access to pocket parks, a 2.5-acre lake with programmed common areas, and 2.5 miles of hike and bike trails connecting to the city's broader trail system. The Farm also offers proximity to restaurants, entertainment, hotel, and retail uses.

Third Phase of Development at The Farm

Alta Preserve represents Wood Partners' third phase of multifamily development at The Farm. The firm completed Alta at The Farm in 2023 and opened the second phase, Alta Magnolia, last year. The successive phases reflect the firm's continued presence at the master-planned community in one of the Dallas area's fastest-growing suburbs.

"Alta Preserve continues our efforts to create a community at The Farm where residents can easily connect with the places around them," said Ryan Miller, managing director at Wood Partners. "With its continued expansion of the master-planned community and proximity to Legacy West just ten minutes away, Alta Preserve offers the kind of everyday convenience and sense of place that people value."

Wood Partners' Texas Multifamily Portfolio

Wood Partners is active across the Texas market, with more than two dozen multifamily communities currently across the state. Last month, the firm announced the groundbreaking of Alta Timberline, a 204-unit luxury community in Tomball, Texas, a suburb outside of Houston.

Headquartered in Atlanta, Wood Partners maintains offices in 17 major markets across the United States and currently owns more than 80 properties representing approximately 25,000 homes. The firm has been involved in the acquisition and development of more than 115,000 multifamily homes with a combined capitalization of $24 billion, according to the company.