Author

Lynn Peisner

Bridge-on-Race-Philadelphia
NewsNortheastOperationsPennsylvania

Rose Associates Tapped to Manage Bridge on Race in Philadelphia

by Lynn Peisner

PHILADELPHIA — Brown Hill Development has hired Rose Associates to lease and manage Bridge on Race in Philadelphia. This deal marks the New York City-based development and property management company’s first third-party management assignment in Philadelphia. The LEED Gold-certified, 145-unit building opened in 2017. Located in the Old City area of Center City, Bridge on Race is comprised of studios, one- and two-bedroom units as well as four street-level retail spaces, an 8,000-square-foot landscaped terrace with private grilling and dining areas, a fitness center, resident lounge with billiards, a pet …

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Affordable HousingCompany NewsNewsPeople News

EAH Housing Hires New CFO

by Lynn Peisner

SAN RAFAEL, CALIF. — EAH Housing has hired Duane Hopkins as chief financial officer. Hopkins has worked in financial leadership roles since 2000, with 15 years dedicated specifically to affordable housing and real estate development. In his new role, Hopkins will oversee financial strategy, accounting, treasury, governance support, operations and information technology. He previously served in senior leadership roles at Housing Catalyst in Colorado and the Oakland Housing Authority, where he managed financial strategy, oversaw development pipelines and led organizational restructuring efforts.

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Element-Collective-Madison
Affordable HousingDevelopmentFinanceIndianaMichiganMidwestNewsWisconsin

Cinnaire Closes on $134 Million LIHTC Fund Backing 12 Affordable Housing Developments

by Lynn Peisner

LANSING, MICH. — Cinnaire, a Lansing-based affordable housing investment nonprofit, has closed a $134 million Low-Income Housing Tax Credit (LIHTC) fund that will finance 12 affordable housing developments in five states. Examples of the new construction and redevelopment projects that Fund 44 will support include: Chamberlain House. A new-construction, 40-unit development in Rochester, Indiana. The developer is Housing Directions and Village Management Co. East Bay Flats. An acquisition-rehabilitation project in Traverse City, Michigan, this 64-unit community will support individuals who are at risk of homelessness. On-site supportive services, including substance-use …

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The $85 million conversion of a former factory at 321 Ellis St. in New Britain, Conn., created 154 units within a property developed between 1910 and 1930. JCJ Architecture designed the project. WinnCompanies was the developer.
Architecture & DesignConnecticutDevelopmentFeaturesNortheastSustainable/LEED

Turning Historic Buildings into Vibrant Housing: Lessons From the Northeast

by Lynn Peisner

By Christine Faverio When it comes to adaptive reuse, the opportunities to preserve cultural heritage, promote sustainability and provide affordable housing are undeniable. But while these projects are immensely rewarding, they also come with complex regulatory, financial and design challenges.  In the Northeast, projects such as the Ellis Block Apartments in New Britain, Connecticut, designed by JCJ Architecture, reveal several key strategies that can help developers and design teams successfully navigate adaptive reuse. Recognize Buildings with Adaptive Reuse Potential Identifying the right candidate building is the first step. Recognizing the …

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ColoradoDevelopmentLeasing & MarketingNewsWestern

Opus, Miller Global Properties Complete The Bellwether in Denver Tech Center

by Lynn Peisner

DENVER — Co-developers Opus and Miller Global Properties have completed The Bellwether, a LEED-certified, 253-unit property located within the Denver Tech Center. The 908-acre office park is home to approximately 1,000 companies and hotels, restaurants, event venues, golf courses and multifamily housing. The community was developed on the site of a former parking lot. Opus and Miller Global Properties developed the property in a joint venture with Principal Asset Management. Opus was also the design-builder and architect of record on the project, and Lamar Johnson Collaborative was the interior designer. …

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The-FInch-Hoschton
FinanceGeorgiaNewsSoutheast

Ares Real Estate Secures $109 Million ReFi for Two North Atlanta Assets

by Lynn Peisner

ACWORTH, HOSCHTON, GA. — Newmark has arranged a $109.5 million loan for Ares Real Estate to refinance two Atlanta-area assets. ACORE Capital was the lender, with Jordan Roeschlaub, Nick Scribani, Chris Kramer and Sam Speciale leading Newmark’s team. The two properties are The Knox in Acworth and The Finch in Hoschton, delivered in late 2023 and early 2024 respectively and comprising 638 units. Both offer resort-style pools, fitness centers, resident lounges and media rooms and outdoor gathering areas.

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Blosser-Ranch-Santa-Maria
CaliforniaDevelopmentNewsWestern

Priority Capital Arranges $174 Million for Phase I of Blosser Ranch in Santa Maria, California

by Lynn Peisner

SANTA MARIA, CALIF. — Zachary Streit, founder and president of Priority Capital Advisory, has arranged $174 million in financing for Canfield Development’s 160-acre master-planned project Blosser Ranch in Santa Maria. The loans will fund the first phase of construction: a 302-unit, three-story garden-style multifamily community set on 12 acres. The to-be-named property will be comprised of one-, two- and three-bedroom units and such amenities as a pool and hot tub, a clubhouse, fitness and business centers, grills, firepits and a pet park. Construction is underway, and Canfield estimates the apartment …

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BerkadiaInvestment SalesNewsSoutheastVirginia

D.C.-Based Joint Venture Acquires Compass at City Center in Newport News

by Lynn Peisner

NEWPORT NEWS, VA. — A joint venture between Washington, D.C.-based Penzance and McLean, Virginia-based Kettler has acquired the 396-unit Compass at City Center in Newport News. Drew White, Carter Wood and Cole Carns of Berkadia’s Richmond office arranged the sale on behalf of the sellers, C-III Capital Partners and Drucker & Falk. Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Natalie Hershey of Berkadia DC Metro arranged an acquisition loan on behalf of Penzance and Kettler. Located at 501-A Waters Edge Drive, Compass at City Center was built in …

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Dan-McGue-Coldwell-Banker
CaliforniaFinanceIndustry VoicesInvestment SalesOperationsWestern

Why Renter Demand Is Surging Across the San Francisco Bay Area

by Lynn Peisner

After several years of uncertainty, the San Francisco metro area multifamily housing market is showing clear signs of recovery. The first half of 2025 brought the largest expansion in multifamily demand in years. The 12-month trailing absorption surged to 3,700 units as of the third quarter, one of the highest levels in a decade. Vacancy rates have dropped to 5.1 percent, the lowest since 2014, and apartment rents are up 5.6 percent, placing San Francisco among the top metros in the nation for rent growth. Although sale prices had remained …

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Brent-Maier
DevelopmentIndustry VoicesInvestment SalesOperations

Will Strong Net Absorption Continue in 2026?

by Lynn Peisner

As 2025 ended, net absorption of multifamily units was on track for its third strongest year since 2000. More than 102,000 units were absorbed in the third quarter, marking the third straight quarter of more than 100,000 net units absorbed. Fourth quarter estimates are coming in around 55,000 units. Multifamily absorption measures the net change in occupied apartment units over a given period, indicating whether demand is keeping pace with new supply. As experts review the final numbers of how many apartment units were newly occupied or leased in 2025 …

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