Ground lease REIT Safehold, Inc. has closed on a ground lease to facilitate the ground-up development of The Orion, a 166-unit senior affordable community in Orange. Although Safehold did not disclose the terms of the ground lease, published reports valued it…
RIPCO Real Estate has been appointed as the exclusive retail leasing broker for the Willets Point project in Queens, NY. The project, which includes affordable housing components, presents the opportunity for community and business development. RIPCO is responsible for leasing…
AGB Real Estate has made a habit of buying run-down hotels and turning them into serviceable, affordable housing developments. The company bought the HomeTown Studios hotel at 1210 Murfreesboro Pike in Nashville for $9.5 million and plans to convert it…
Ovation Development Corp. and Coordinated Living of Southern Nevada have received financing and an agency grant to develop a 194-unit affordable senior housing project in Las Vegas. Commercial Edge reported last year, Ovation received a $60.3 million construction loan. The…
TWG held a groundbreaking event for its first seniors-only affordable housing property in Washington state. Upon completion, Ardea at Totem Lake will provide 170 new homes for older low- and middle-income residents at 12700 116th Ave. N.E. in Kirkland. The…
Vestcor and Group 4 Design have received approvals from Jacksonville to begin construction on two affordable apartment complexes, in different parts of town. The Vestcor Cos. received a $13.1 million permit for the construction of the Gavin Point Apartments on…
The Benoit Group, in partnership with Atlanta Housing, closed project financing for the development of Englewood Senior. The 160-unit affordable independent senior living project marks the first redevelopment phase of a master-planned, mixed-use, multi-phase community on the 30-acre site of…
Pinnacle has started work on its affordable housing development, Pinnacle at La Cabaña, in Miramar. The $41.2 million development will provide affordable housing for seniors in the Miami metro area. Pinnacle at La Cabaña consists of 110 units with one- and two-bedroom apartments…
The Vestcor Cos is hoping to build The Lofts at Southbank in Jacksonville, a $38.8 million project that will consist of 100 apartment units, 80 of which will be reserved for renters making 60% of the area’s annual median income….
Newmark Group, Inc. has hired the team formerly with Affordable Housing Advisors (AHA), a leading brokerage team and platform previously housed out of Marcus & Millichap. The Michigan-based team, which will operate as Newmark Affordable Housing Advisors (NAHA), is led…
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