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ECI Group, ApexOne Launch $500M Value-Add Fund

by Lynn Peisner

ATLANTA — Atlanta-based ECI Group and Houston-based ApexOne Investment Partners have formed a joint venture and a fund to acquire, redevelop and manage multifamily assets throughout the Sun Belt. ApexOne-ECI Multifamily Fund VI will seek total equity capitalization of $500 million. ECI and ApexOne have agreed to co-invest a combined total of approximately $100 million. New York City-based Almanac Realty Investors has committed $350 million. Fund acquisition criteria include existing assets rather than ground-up developments with an emphasis on newer-vintage communities and traditional assets, including workforce housing, all with investment …

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Affordable HousingCompany NewsNew YorkNewsNortheastPeople News

Enterprise Community Partners Hires Kim Darga to Lead New York Business

by Lynn Peisner

COLUMBIA, MD. — Enterprise Community Partners, a national nonprofit affordable housing developer, has hired Kim Darga as vice president and New York market leader. In this role, Darga will lead Enterprise’s work across New York State, including New York City. Prior to joining Enterprise, Darga most recently served as deputy commissioner for the Office of Development at the New York City Department of Housing and Preservation (HPD), the municipal housing agency serving the five boroughs of the New York City metro area. Darga worked for HPD for 18 years in …

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Walker & Dunlop Expands LIHTC Team

by Lynn Peisner

BETHESDA, MD. — Walker & Dunlop has hired Jack Hodgkins and Stacie Nekus to its Low-Income Housing Tax Credit (LIHTC) equity team. Hodgkins joins the Bethesda-based commercial real estate finance and advisory services firm as senior vice president and head of LIHTC credit, based in Denver. Nekus joins as senior managing director and head of business development for LIHTC investor relations, based in Pittsburgh. Hodgkins will lead LIHTC credit strategy and underwriting, while Nekus will lead business development efforts for Walker & Dunlop Affordable Equity’s LIHTC investor relations team.

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Meredith Barry to Lead Growth of Cortland’s Third-Party Business

by Lynn Peisner

ATLANTA — Cortland, an Atlanta-based multifamily investment, development and property management company, has appointed Meredith Barry to the role of vice president of business development. In this role, Barry will lead expansion of Cortland’s third-party property management portfolio, focusing on securing new partnerships with property owners, institutional investors and developers. Barry will report to Brad Hamel, executive vice president of community operations. Prior to this role, Barry was the vice president of client services at The Bozzuto Group.

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FTK Construction Promotes Kim Goodman and Randy Rivers to Lead Expanded Business Development Initiatives

by Lynn Peisner

ALLEN, TEXAS — FTK Construction Services has completed some light internal restructuring directed at ramping up activity in new markets and in new segments across the country. Known for its experience building Low-Income Housing Tax Credit (LIHTC) projects, the general contractor is aiming to increase market-rate multifamily construction projects. To this end, Randy Rivers, who first joined the company in 2024, has been promoted to vice president of sales and marketing. At the same time, Kim Goodman, who has been with the firm since 2018, will serve as vice president …

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Build-to-RentCompany NewsLeasing & MarketingMarylandNewsNortheastOperations

JAG Tapped to Manage The Foundry at Renn Quarter in Frederick, Maryland

by Lynn Peisner

FREDERICK, MD. — JAG Management Co. has been selected by Couloir Ventures to manage the build-to-rent (BTR) townhome community The Foundry at Renn Quarter in Frederick. Couloir is a Bethesda, Maryland-based developer focused on building BTR projects in the metro Washington, D.C., area. JAG Management provides property management services for both Jefferson Apartment Group (JAG)-owned assets as well as third-party-owned communities on the East Coast. JAG is headquartered in McLean, Virginia. A portion of the residences at The Foundry at Renn Quarter are now complete, and residents have begun moving …

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Drew McWilliams Tapped to Lead New York Affordable Housing Advisory for Greysteel

by Lynn Peisner

NEW YORK CITY — Greysteel has hired Drew McWilliams to lead affordable housing advisory and transaction efforts in New York and other regional markets. He will provide investment sales, debt and structured finance services as well as preservation and tax-credit syndication counsel to owners, developers and institutional investors. McWilliams joins Greysteel from New York City-based Ariel Property Advisors where he served as associate director.

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Sun Life to Acquire Bell Partners

by Lynn Peisner

TORONTO, GREENSBORO, N.C. — Sun Life Financial Inc. (NYSE: SLF), a Toronto-based global financial services firm providing insurance, wealth management, retirement and asset-management services, plans to acquire Bell Partners, a Greensboro-based multifamily investment and management firm, for $350 million. The transaction is expected to close in the second half of 2026. Sun Life also has completed its purchase of the remaining 44 percent stake in BGO, a global real estate investment management firm formerly known as BentallGreenOak, for about $1.2 billion. Sun Life acquired a 56 percent majority stake in …

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Portman Hires Ian Slavin to Lead Florida Development

by Lynn Peisner

BOCA RATON, FLA. — National developer Portman has hired Ian Slavin as vice president of residential development. Slavin, based in Boca Raton, will identify and execute multifamily opportunities in Florida markets and oversee residential development operations and strategy across the state, including a 397-unit project at 2400 East Atlantic Blvd. in Pompano Beach that begins later this year. Before joining Atlanta-based Portman, Slavin most recently served as principal at consulting firm MIVO Development Group. Prior to that, he was development manager at Encore Capital Management.

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Century Housing Hires Jacqueline Waggoner as President and CEO

by Lynn Peisner

CULVER CITY, CALIF. — Century Housing has hired Jacqueline Waggoner as president and chief executive officer. The nonprofit affordable housing development company has created or preserved approximately 63,000 homes in California over the past 30 years. Waggoner joins Century Housing from Enterprise Community Partners, where she held the title president of the solutions division. In that role, she oversaw a portfolio of housing, capital and policy initiatives across the country and led approximately $1 billion in impact investments and grants. Prior to that role, Waggoner led Enterprise’s Southern California market, …

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