BETHESDA, MD. — CAPREIT has been selected by Affordable Homes & Communities (AHC) to manage 21 properties, comprised of 3,019 units, in Maryland, Virginia and Washington, D.C. AHC is a developer of affordable and mixed-income communities. Bethesda-based CAPREIT owns and operates approximately 14,000 units of its own and is actively growing its third-party management business, according to a statement from the company.
CEDAR HILL, TEXAS — Beachwold Residential has sold Midtown Cedar Hill, a 354-unit property in Cedar Hill, 10 miles southwest of Dallas, to Centennial Holding Co. The sales price was not disclosed. Institutional Property Advisors (IPA) arranged the sale and acquisition financing, which consisted of an interest-only agency loan. Built in 2015 on approximately 13 acres, Midtown Cedar Hill is a gated, three-story garden-style property with a resort-style pool, a business center and picnic areas with barbecue grills. Apartments feature open-concept living areas, 9-to-12-foot ceilings and granite countertops. IPA’s team …
KANSAS CITY, MO. — Multifamily and affordable housing brokerage firm MMG Real Estate Advisors has hired Kyle Shoemaker as managing director and Bill Brading as senior director. Shoemaker has specialized in affordable housing brokerage since 2006 with special emphasis in deed-restricted affordable housing transactions. In 2013, he partnered with the principals of Senior Living Investment Brokerage (SLIB) to launch a boutique brokerage dedicated exclusively to affordable housing assets. Under his leadership, the team has closed over 150 deals — primarily LIHTC-funded or operating under a HAP contract — adding up …
RIDGEFIELD PARK, N.J. — KABR Group and Hornrock Properties have broken ground on a six-story, 216-unit community at 95 Challenger Road that is set within Ridgefield Park’s Overpeck Corporate Center, a 60-acre mixed use development in Ridgefield Park, located five miles west of Manhattan. Designed by Minno & Wasko Architects and Planners, the building will feature a mix of studio, one- and two-bedroom residences, 22 of which will be set aside as affordable housing. Rent caps were not disclosed. Amenities will include an outdoor pool, a lounge and café, coworking …
DALLAS — The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded $73.5 million in affordable housing grants to 53 projects in Arkansas, Colorado, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas is part of the Federal Home Loan Bank System, which consists of 11 district Federal Home Loan Banks created in 1932 to provide capital for mortgage funding and support for community investment. FHLB Dallas annually returns at least 10 percent of its profits in the form of affordable housing grants to the communities served by its member …
PITTSBURGH — Milhaus and BAM Capital, the private equity division of BAM Cos., have launched leasing at NOX, a 272-unit property located at 2551 Frontier Drive in Pittsburgh, less than a mile from the Mall at Robinson. NOX offers 10 floor plans in studio, one-, two- and three-bedroom configurations. Units feature quartz countertops, stainless steel appliances, full-size washers and dryers, patios and balconies, oversized windows and Bluetooth entry systems. Amenities include a resident lounge, coworking space, a pool and deck with dual grilling stations and a fire pit area, a …
DALLAS — Institutional Property Advisors (IPA) has arranged the trade between two undisclosed parties of Midway Row House in Dallas. The community was developed in 2023 and comprises 158 units, 107 of which are townhomes with attached, direct-access garages. Midway Row House offers amenities that include a fitness center, two dog parks, a lakeside jogging path, workspaces and three private offices. Apartments have 9-foot ceilings and full-size washers and dryers. The average unit is 979 square feet. IPA’s Taylor Hill, Drew Kile, Joey Tumminello, Michael Ware and Jack Windham represented …
INDIANAPOLIS — WinnResidential has been retained by KCG Cos. to operate 28 of the Indianapolis-based developer’s properties. Winn assumed leadership of operations and property management of 4,147 units in July and is expected to be selected to manage future communities over the coming year. KCG-owned workforce and affordable housing communities are located in Colorado, Georgia, Maryland, New York, Ohio, South Carolina, Texas, Virginia and Wisconsin. The company’s portfolio is comprised of approximately 34 communities. WinnResidential is the property management division of Boston-based WinnCompanies.
DURHAM, N.C. — Wood Partners will break ground later this month on Alta Durham Summit in Durham. The Atlanta-based developer expects to complete construction of the 312-unit community by summer 2027. The development will replace a former office park and is located adjacent to a newly renovated office building that is home to Durham Technical Community College. Alta Durham Summit includes a mix of one-, two- and three-bedroom layouts in three- and four-story buildings with such amenities as a pool, a dog park and spa and open outdoor spaces. This …
MCDONOUGH, GA. — Thompson Thrift has opened The Levi, a 212-unit property in the southern Atlanta suburb of McDonough. Move-ins began in August, and full completion is expected in February 2026. The project is located on 15 acres at 1400 Jr. Grant Blvd., about 28 miles from downtown Atlanta, within the 158-acre master-planned Bridges at Jodeco development. Amenities at the gated community include a 24-hour fitness center, a resort-style pool, firepits, a pickleball court, a dog park and pet spa with a grooming station, billiards and shuffleboard. Equity for the …
