Author

Lynn Peisner

Union-at-Pacific-Highway
Affordable HousingDevelopmentNewsOregonWestern

The Annex Group Opens $56 Million Affordable Community in Corvallis

by Lynn Peisner

CORVALLIS, ORE. — The Annex Group has opened Union at Pacific Highway, an affordable housing community in Corvallis. Construction of the 174-unit community began in January 2023. Units, offered in one-, two- and three-bedroom floor plans, are reserved for individuals and households earning up to 60 percent of area median income. The property is 99 percent leased. Project partners included Oregon Housing and Community Services; the City of Corvallis; the Linn-Benton Housing Authority; Avenue5 Residential for property management; Structure Development Advisors as the LIHTC consultant; KTGY for architecture; and DEVCO …

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Heritage-Park-NOVEL
ArizonaDevelopmentNewsWestern

Creation, Crescent Break Ground on 10-Acre Mixed Use Heritage Park in Gilbert, Arizona

by Lynn Peisner

GILBERT, ARIZ. — Co-developers Creation and Crescent Communities have broken ground on Heritage Park, a 10-acre mixed-use development in Gilbert. The site is at the northern end of Gilbert’s Heritage District, a walkable downtown area that has been in various stages of development and redevelopment since 1989. Heritage Park will be a mix of restaurants, retail, multifamily and a town square. It will take up one city block at the intersection of Gilbert Road and Juniper Avenue. The initial phase includes approximately 47,000 square feet of retail and restaurants; NOVEL …

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flats-at-big-tex
Investment SalesNewsTexas

Kairoi Residential Buys San Antonio River Walk Property

by Lynn Peisner

SAN ANTONIO — Newmark has arranged the sale of The Flats at Big Tex, a 336-unit asset located along the River Walk in downtown San Antonio. San Antonio-based Kairoi Residential acquired the property. The buyer and sales price were not disclosed. Newmark Multifamily Capital Markets Vice Chairman Patton Jones, Executive Managing Director Matt Michelson and Managing Director Andrew Dickson represented the seller in the transaction. Located at 423 Blue Star St., The Flats at Big Tex has a resort-style pool and a rooftop lounge with views of downtown. Other amenities …

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Tommy-Lowmon-
Affordable HousingCompany NewsMidwestNewsOhio

Woda Cooper Hires Former Georgia DCA Finance Director

by Lynn Peisner

COLUMBUS, OHIO — Woda Cooper Cos. has hired Tommy Lowmon as senior vice president. In this role, he will help lead the company’s affordable housing development in Georgia, North and South Carolina. Lowmon comes to Woda Cooper from Sugar Hill Capital, Georgia’s state housing tax credit syndicator. Prior to that, he was the housing finance division director with the Georgia Department of Community Affairs (DCA). Woda Cooper Cos. and its affiliates specialize in the development, design, construction and management of affordable and senior housing communities as well as single-family homes. …

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FinanceIndustry VoicesInvestment Sales

Investment Opportunities Look Different in the Tariff Era

by Lynn Peisner

The recent surge of U.S. tariffs has added a new dimension to an already complex environment for multifamily development. As the CEO of Atlas, I’m watching these shifts closely, not just through a macroeconomic lens, but also from the practical standpoint of what they mean for builders, owners and investors in multifamily housing. The conversation isn’t just about geopolitics or trade imbalances anymore — it’s about how tariffs intersect with affordability, construction cycles, capital costs and the evolving supply-demand dynamic in the U.S. rental market. Three questions keep coming up …

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Coasterra-Apartments-Fort-Lauderdale-FL
DevelopmentFloridaNewsSoutheast

Fairfield Delivers Two Fort Lauderdale Developments

by Lynn Peisner

FORT LAUDERDALE, FLA. — Fairfield, a multifamily developer and owner based in San Diego, has completed construction of Coasterra Apartments in downtown Fort Lauderdale. The mid-rise community has 242 studio, one-, and two-bedroom apartments. Located at 150 SE 3rd Ave. in the Las Olas district, the community is adjacent to the One Financial Plaza office building. Fairfield also recently completed construction of Treo Apartments at 6500 N. Andrews Ave. in Fort Lauderdale. Treo has 295 units also offered as studios, one- or two-bedroom units.  

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Artistry-Design-District
DevelopmentNewsTexas

McGrath Real Estate Partners Opens Houston Artistry

by Lynn Peisner

HOUSTON — Houston-based McGrath Real Estate Partners has completed and opened Artistry Design District, a 400-unit property in Houston’s design district, an area known for high-end furnishing shops and interior design offices. The Artistry is 57 percent leased. Amenities include a clubhouse with a fitness center, resident lounges, a gourmet kitchen, flexible coworking spaces, Wi-Fi lounge and private office space. The community also features a resort-style pool, green spaces and an event venue for live music and entertainment.

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Sam Adams, KeyBanc Capital Markets
Affordable HousingFinanceIndustry Voices

How Affordable Housing Developers Are Closing Budget Gaps to Get Deals Done

by Lynn Peisner

By Sam Adams The need for affordable housing in the United States has never been greater, but supply is not keeping up with demand. High costs of construction and insurance, as well as elevated interest rates, make it difficult to get affordable housing development deals completed in the current environment. As a result, developers and finance leaders are looking for innovative strategies to close budget gaps and get deals done. Financial market conditions are likely to persist for the foreseeable future. However, with the right knowledge, persistence and a little …

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Richmond-Towers-
Affordable HousingDevelopmentNew JerseyNewsNortheast

WinnDevelopment Selected to Renovate Two Public Housing Properties in Plainfield, New Jersey

by Lynn Peisner

PLAINFIELD, N.J. — The Housing Authority of Plainfield has selected WinnDevelopment to redevelop Richmond Towers and Joanne Hollis Gardens, two affordable housing properties in Plainfield. The project will modernize the communities. Richmond Towers was built in 1972 and features two 12-story towers housing 135 studio apartments and 90 one-bedroom apartments. Built in 1954 as West End Gardens, Joanne Hollis Gardens was rededicated in 2015 to posthumously honor Joanne Hollis, a longtime resident who served as a Plainfield housing commissioner and city councilwoman. The two-story, garden-style complex offers 16 one-bedroom, 66 …

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Birchstone-Waterleigh
FloridaInvestment SalesNewsSoutheast

Pearlmark and Ashcroft Acquire Orlando-Area Property

by Lynn Peisner

WINTER GARDEN, FLA. — Pearlmark and Ashcroft Capital have closed on a joint-venture acquisition of Birchstone Waterleigh, a 300-unit property in the Horizon West master-planned community near Winter Garden. The asset was built in 2023. It will be managed by Birchstone Residential, Ashcroft’s in-house property management and construction management company. The sales price was undisclosed. The seller was DHI Residential. Birchstone Waterleigh, formerly known as Ascend Waterleigh Club, offers one-, two- and three-bedroom units. Amenities include a resort-style, saltwater pool with a poolside pavilion that has a wet bar and …

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