Mill Creek Residential has broken ground on Modera City North, a 330-home wrap-style community in the emerging Desert Ridge neighborhood of North Phoenix. The project is a principal residential component of the City North master plan, a 100-acre, two million square-foot mixed-use development that will include retail, office, hotel and residential space. First move-ins are […]

WNC & Associates has closed WNC Institutional Tax Credit Fund 59, L.P. (Fund 59), a $210 million national Low-Income Housing Tax Credit fund that will finance the creation and preservation of affordable housing across 18 communities in 13 states. Fund 59 will invest in 2,015 affordable housing units located in Alaska, California, Florida, Indiana, Kentucky, […]

Kennedy Wilson, together with long-standing Japanese partners Kenedix, Inc. and Hulic Co., Ltd., has acquired Carraway, a 421‑unit multifamily community in West Harrison, New York, for $237 million. The transaction expands Kennedy Wilson’s investment management platform and extends its presence on the East Coast. Completed in 2021, the Class A property sits in Westchester County, […]

Walker & Dunlop has arranged $232,352,000 in financing for a five-property multifamily portfolio totaling 1,585 units across Arkansas and Florida. The portfolio is composed primarily of workforce housing and includes one income-restricted affordable community. Walker & Dunlop Capital Markets Real Estate Finance arranged the financing on behalf of long-time client Aspen Square Management. Connor Locke, […]

Rockpoint and The Kolter Group have formed a joint venture to develop The Sutton, a 432-unit multifamily community in Palm Beach Gardens, Florida. The transaction covers acquisition of the site and its development, with PNC Bank providing financing for the project. Scheduled for completion in 2028, The Sutton will include 432 studio, one-, two-, and […]

Kennedy Wilson and Jamison have formed a strategic partnership to deliver approximately 4,000 affordable housing units across Los Angeles through a mix of adaptive reuse and ground-up construction. The venture pairs Jamison’s newly launched affordable housing arm, Arden Residential, with Kennedy Wilson’s Vintage Housing development joint venture. The initiative begins with the conversion of the […]

LifeCare Development has announced plans for The Blake at Chattanooga, a new high-end assisted living and memory care community to be located at 7333 McCutcheon Road in Chattanooga, Tennessee. The community will include 118 apartments, with 73 assisted living apartments and 45 memory care apartments. Sitework and construction are expected to begin in late summer […]

Garden Station, a 348-unit mixed-use residential community within Villa Park, Illinois’ Transit-Oriented Development district, has cleared a key regulatory hurdle and is positioned to advance toward construction. The project recently received re-approval from both the Village of Villa Park Planning and Zoning Commission and the Zoning Board of Appeals, and is awaiting final action by […]

Broadshore Capital Partners closed a $53.2 million floating-rate senior bridge loan secured by Monroe North Park, a newly delivered 137-unit Class A multifamily community in the North Park neighborhood of San Diego, California. The financing, completed with an institutional investor partner, will support lease-up and stabilization of the property, which was delivered in 2025. The […]

WNC & Associates joined Resource Housing Group, Inc. and East Carolina Community Development, Inc. to celebrate the grand opening of Cliffmore Park, a new 72-unit affordable housing community for adults ages 55 and older located at 5133 Identity Lane in Fayetteville, NC. Supported through the Low-Income Housing Tax Credit program, the community serves households earning […]