By Jay Sawmiller For multifamily and mixed-income housing owners and operators, liability claims are no longer rare, isolated events — they’re a growing operational challenge. From tenant injuries and environmental hazards to cyber incidents and employment-related liability exposures, a wide spectrum of risks is surfacing that can threaten financial stability and reputational standing. The stakes are especially high for developers, owners and operators managing affordable housing, where tighter budgets and regulatory scrutiny demand more robust risk management. Liability losses from premises-related injuries can vary, with some claims escalating into six- …
Lynn Peisner
PITTSBURGH — Albion Residential has completed and opened Albion Lawrenceville, a 267-unit community in Pittsburgh’s Upper Lawrenceville neighborhood. The six-story property is comprised of studios, one- and two-bedroom units and 5,700 square feet of retail space. Amenities include a fitness center with boxing equipment, weights and a yoga studio; an arcade-game room with a bar; a rooftop terrace with lounge seating, grills and a fire pit; and a courtyard. Initial resident move-ins began in March. The architect was Harthorne and Plunkard, and First National Bank along with First Commonwealth Bank …
NEW PORT RICHEY, FLA. — Dobbins Group has broken ground on Charleston Ridge Apartments, a 230-unit community in New Port Richey, approximately 37 miles northwest of Tampa, Florida. Capstone Building Corp. is the general contractor. Charleston Ridge will feature six two-bedroom townhomes above 10,000 square feet of commercial space and four four-story apartment buildings with 224 units. Amenities include a clubhouse, fitness center, lounge, tenant market, pool, electric vehicle charging stations and community-wide Wi-Fi. Completion is slated for 2027. Headquartered in Birmingham, Alabama, Dobbins Group is a multifamily investment and …
The Fallon Co. Secures $100.5M in Construction Financing for Twelve03 at Centre South in Charlotte
CHARLOTTE, N.C. — JLL has arranged $100.5 million in debt and equity for the construction of Twelve03 at Centre South, a 329-unit mixed-income community in Charlotte. Boston-based The Fallon Co. is the developer and borrower. The debt was secured through TD Bank, while RXR Realty Investments was the equity source. JLL’s Taylor Allison, Alexis Kaiser and Ryan Mueller handled the transaction. Led by The Fallon Co. in partnership with Charlotte-based Inlivian, Twelve03 is the first phase of Centre South, a $500 million, 16.7-acre mixed-use development. When complete, the project will …
OCALA, FLA. — Merrimac Ventures and Southern Waters Capital have secured $62.5 million in construction financing from ACORE CAPITAL to fund development of Leena Ocala, a 360-unit community in Ocala. Located on a 36-acre site at SW 60th Ave. and SW 52nd St., the project will include 300 garden-style apartments across multiple three-story buildings, along with 60 two-story townhome residences. Amenities include multiple walking trails, neighborhood parks, landscaped open areas, a dog park and pickleball courts. A central clubhouse will feature a fitness center and resort-style pool, along with a …
James Crowder to Lead Affordable Housing Investment and Development for TruAmerica Multifamily
LOS ANGELES — TruAmerica Multifamily has appointed James Crowder as managing director of affordable housing. In this role, Crowder will lead the firm’s affordable housing acquisitions, development and preservation initiatives. Often referred to as “Capital A” affordable housing, TruAmerica’s investment strategy focuses on income-restricted rental housing backed by state and federal tax credit programs, including the Low-Income Housing Tax Credit (LIHTC) program. Prior to joining TruAmerica, Crowder served as vice president of acquisitions and asset management at CCI, where he led investment strategy and portfolio performance. He previously held senior roles …
ATLANTA — Trilogy Investment Co. has promoted David Beare to chief investment officer. Beare joined the firm in 2024 as managing director of structured credit and investments. In his new role, he will oversee investment strategy and capital deployment across Trilogy’s portfolio, with a focus on sourcing new opportunities and partnerships. Prior to joining the company, Beare co-founded ARK Residential, a New York-based build-to-rent (BTR) investment and development firm. Trilogy Investment Co. was founded in 2021 and develops BTR and for-sale, single-family-home communities.
Marcus & Millichap Arranges $54M Refinancing for Lakeview at Westpark in Metro Houston
RICHMOND, TEXAS — Marcus & Millichap has arranged a $54 million HUD refinancing for Lakeview at Westpark, a 298-unit property in Richmond, 30 miles southwest of Houston. Brandon Brown of Marcus & Millichap’s Houston office led the transaction, representing Rockstar Capital. The financing was secured through KeyBank at a fixed rate of 5.3 percent with 35 years of amortization. Rockstar, a Houston-based, privately owned multifamily real estate investment and property management company, acquired Lakeview at Westpark in 2022. The asset was developed in 2021.
BOCA RATON, FLA. — Andover Real Estate Partners has hired Griffin Hoffmann as principal, head of acquisitions. Hoffmann joins Andover from HPP Real Estate, where he served as partner and head of acquisitions, overseeing new investments and asset management for a portfolio of approximately 1,500 multifamily units nationwide. Earlier in his career, he led acquisitions and development for Somerset Partners/SAM (Sandhurst Apartment Management), where he was responsible for about $1.5 billion in transactions. At Andover, Hoffmann will lead the firm’s national growth, with a focus on value-add multifamily investments in …
DELRAY BEACH, FLA. — Davie, Florida-based construction firm ANF has topped out Skye Apartments, the second phase of the 50-acre Parks at Delray mixed-use development. Project developers are 13th Floor Investments and Key International, in partnership with CDS International Holdings and Wexford Capital. Skye will include studio, one-, two- and three-bedroom units, ranging from approximately 560 to 1,427 square feet, along with townhomes ranging from 1,670 to 1,770 square feet. Amenities will feature a resort-style pool with cabanas and a bar, parks with jogging trails, barbecue areas, a playground, coworking …