Author

Lynn Peisner

Affordable HousingDevelopmentFloridaNewsSoutheast

Dominium Acquires Land to Develop Orlando-Area LIHTC Property

by Lynn Peisner

APOPKA, FLA. — Affordable housing developer Dominium has acquired land in Apopka for the development of The Mira. The community will provide 300 rent-restricted homes for families in the Orlando metropolitan area. Apopka is about 20 miles northwest of downtown Orlando. Units are reserved for tenants earning between 50 and 80 percent of area median income. A construction timeline was not disclosed. Upon completion, The Mira will offer 96 one-bedroom, 132 two-bedroom and 72 four-bedroom apartment homes. The community will also feature a range of amenities, including a clubhouse, fitness …

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Gov-Ferguson-Bill-Signing
Affordable HousingNewsWashingtonWestern

Washington State’s Newly Enacted Rent Control Law is Shortsighted, Say Developers

by Lynn Peisner

SEATTLE — Washington Gov. Bob Ferguson has signed House Bill 1217, which limits yearly rent increases for existing tenants in Washington state to 7 percent plus inflation or 10 percent, whichever is lower. Landlords can still adjust rent by higher amounts for new tenants. The bill also limits rent increases for manufactured homes to 5 percent per year. HB 1217, as well as several other bills, were signed on May 7 at the Blake House affordable housing high rise in downtown Seattle. The bill automatically became law upon signing. Other …

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Columbus-Renaissance-Housing
Affordable HousingDevelopmentMidwestOhio

Woda Cooper Cos. Opens Affordable Housing in Columbus, Ohio

by Lynn Peisner

COLUMBUS, OHIO — Woda Cooper Cos. and co-developer Community Development for All People have opened Columbus Renaissance Housing, a 46-unit affordable housing property in Columbus. Units are reserved for tenants earning up to 60 percent of area median income, which amounts to an annual salary of $61,980 for a family of four. The development of Columbus Renaissance Housing was funded by a combination of public and private investment from entities including the City of Columbus, Franklin County, the Ohio Housing Finance Agency, the Affordable Housing Trust for Columbus & Franklin …

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829-Garfield
FinanceNew JerseyNortheast

Tay Investments Secures Fannie Mae Loan to Refinance Jersey City Asset

by Lynn Peisner

JERSEY CITY, N.J. — Berkadia has arranged a fixed-rate, five-year Fannie Mae loan for $35.8 million for Tay Investments to refinance 829 Garfield in Jersey City. The 110-unit property, with ground-floor retail space including a daycare center, was built in 2022. Ten percent of the units are designated as affordable, but rent restrictions were not disclosed. The property offers two- and three-bedroom units with stainless-steel appliances, quartz countertops, heated bathroom flooring and private patios. Some units have direct views of New York City.

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Tishman Speyer Nashville
Investment SalesNewsSoutheastTennessee

Tishman Speyer Buys Midtown Nashville Property

by Lynn Peisner

NASHVILLE, TENN. — Tishman Speyer has acquired 2010 West End Avenue for $112 million. The 25-story, 358-unit property was developed by CA Ventures in 2021 in the Midtown area of Nashville, within walking distance to Vanderbilt University. Tishman Speyer’s acquisition was financed in part by a $67.2 million loan from Corebridge. 2010 West End Avenue includes 6,000 square feet of ground-floor retail. Units are offered as studios, one- or two-bedroom floor plans. A rooftop pool, hot tub, a fitness center and dog run are among the amenities. The asset is …

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Jose Torres
Affordable HousingIndustry VoicesNews

The Economic Ripple Effect of Affordable Housing

by Lynn Peisner

By Jose Torres The United States is in the grip of a deepening housing crisis. Across the country, there is a shortage of 7.3 million rental homes that are both affordable and available to lower-income renters. While affordable housing initiatives and development are primarily geared toward addressing this gap, the impact of the shortage extends far beyond shelter. Affordable housing doesn’t just provide stable, accessible homes, it is a powerful engine for economic growth and prosperity, fueling long-term job creation, supporting local businesses and strengthening stability. A Powerful Job-Creation Cycle …

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Annette Valle
Industry VoicesLeasing & MarketingOperationsTechnology

Five Ways to Use Data to Maximize Marketing ROI

by Lynn Peisner

By Annette Valle, founder and CEO, Social Kapture In today’s competitive multifamily housing market, property owners and managers who rely solely on intuition to guide their social media and digital marketing decisions are leaving significant leasing opportunities on the table. While industry experience is valuable, the most successful multifamily professionals are turning to data analytics to inform their strategies and maximize return on investment. As the founder of a social media agency specializing in the multifamily industry, I’ve seen how shifting from gut-based decisions to data-driven strategies can transform marketing …

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Eric Thorsen
Industry VoicesInvestment SalesOperations

Four Ways to Scale Your Portfolio and Four Trends to Watch

by Lynn Peisner

By Eric Thorsen, chief investment officer, Atlas Real Estate The real estate investment landscape is evolving rapidly, and investors who wish to thrive must go beyond simply acquiring properties. Success requires a strategic approach, one that prioritizes efficiency, scalability and operational excellence. The key to sustainable growth in real estate investing lies in developing robust systems that optimize asset performance, streamline operations and enhance the tenant experience. At Atlas Real Estate, we have built a foundation that enables institutional and individual investors to scale their portfolios with precision and maximize …

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Scott Ferguson, Westmount Capital
Industry VoicesInvestment SalesTexas

Lessons Learned from 40 Years of Investing in Dallas Multifamily

by Lynn Peisner

By Scott Ferguson, Westmount Capital The Dallas-Fort Worth (DFW) multifamily real estate market remains one of the most dynamic and resilient in the nation. Driven by strong job creation, population growth and a business-friendly environment, DFW continues to attract investors and developers alike. As demand for rental housing evolves, it is essential to assess current trends and anticipate future opportunities. At Westmount Realty Capital, we have been actively engaged in the DFW multifamily sector, leveraging our four decades of experience to identify high-potential assets and execute strategic value-add initiatives. Our …

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Nicolas Aznar, Vingcard
Industry VoicesOperationsTechnology

Does Your Access Control System Meet These Three Basic Standards?

by Lynn Peisner

By Nicolás Aznar, Vingcard The most powerful innovations are those that solve real problems for real people. Throughout my decades-long career in access control, I’ve seen firsthand how focusing on fundamentals creates more value than chasing every new trend. In multifamily and affordable housing especially, success doesn’t come from implementing the most advanced technology available. It comes from understanding what residents and property managers truly need, then delivering solutions that address those specific requirements with excellence. The most successful access control technologies excel at three fundamental elements. They prioritize safety. …

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