WNC and Associates Closes Two Hundred Ten Million National Low Income Housing Tax Credit Fund To Preserve and Create Affordable Housing in Thirteen States

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 with Kenedix and Hulic Acquire Carraway in West Harrison New York Expanding East Coast Multifamily Platform

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 and Dunlop Arranges Financing for Five Property Workforce Housing Portfolio in Arkansas and Florida

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 Form Joint Venture to Develop The Sutton Four Hundred Thirty Two Unit Community in Palm Beach Gardens

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 Form Strategic Partnership to Deliver Approximately Four Thousand Affordable Housing Units Across Los Angeles

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 Enters Tennessee With The Blake At Chattanooga Assisted Living And Memory Care Community

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 Reapproved Advances Toward Construction as Largest Net Zero Mixed Use Residential Community in the United States

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 Closes Fifty Three Million Two Hundred Thousand Dollar Bridge Loan for Monroe North Park in San Diego

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 and Associates Join Resource Housing Group and East Carolina Community Development to Open Cliffmore Park Seventy Two Unit Affordable Housing for Adults Fifty Five and Older in Fayetteville

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 […]

John M Corcoran and Company Begins Leasing at Dexter Street Commons in Pawtucket

John M. Corcoran & Co. has started leasing at Dexter Street Commons, a new five-story, 150-home apartment community in the Conant Thread District of Pawtucket, Rhode Island. Built by New England Construction and to be managed by John M. Corcoran & Co., the property includes ground floor retail and expects to begin move-ins in late […]