Affordable Housing
Affordable FL Community Lands $23M
Dougherty Mortgage arranged the financing for the acquisition and rehabilitation of the 336-unit Seven Palms Apartments in Punta Gorda. Dominium purchased the property from Alliant Capital.
JEMCOR Breaks Ground on $60M CA Property
The 171-unit Ageno Apartments is part of the larger Vineyard Crossing, a 34.5-acre master-planned community comprising 465 single-family homes, townhomes and apartments.
Forest City Trades Brooklyn Property for $156M
Principal Global Investors acquired 461 Dean, a 363-unit community—50 units of which are affordable—that opened in late 2016.
Making Workforce Housing Work
Private and nonprofit developers alike are seeking sites for housing that U.S. workers in tight markets can afford—and not a moment too soon.
Carrfour, Green Mills Complete Miami Affordable Housing
Karis Village, an 88-unit community, includes a computer lab, a fitness center and an outdoor barbecue area.
CBRE Arranges $55M Portland Asset Sale
Joe Nydahl, Phil Oester and Josh McDonald of CBRE’s Northwest Multifamily Institutional Investment division worked on behalf of the seller of the 149-unit, mid-rise property, of which 38 apartments are affordable.
Partnership Debuts Affordable Housing Revamp in Vegas
Community Development Partners and BLVD Capital have opened Baltimore Gardens and Cleveland Gardens, two communities totaling 201 units. All apartments are restricted to low-income households.
FOURMIDABLE Expands Ohio Management Portfolio
The Village at Arlington I & II is located in Youngstown and comprises 120 affordable units, a playground and a computer center.
HighBridge to Develop 708-Bed Community Near UC Davis
The company obtained approval for the construction of Lincoln40, a 130-unit California community, slated for a 2020 completion.
Affirmed Housing Breaks Ground on San Jose Community
The project will be developed for formerly homeless individuals and include a temporary housing section, which will accommodate 20 people waiting for permanent housing.