For the fourth consecutive year, WinnResidential has ranked among the top five multifamily operators in the United States for overall resident satisfaction based on the results of the industry’s most respected benchmarking index. Sixty-eight Winn-Managed Communities earn Kingsley Excellence Awards.
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Churchill Stateside Group Closes $5.2 Million Loan for Pickens Gardens
Churchill Stateside Group closed a $5.2 million equity bridge loan in support of a 4% LIHTC transaction for Pickens Gardens, a 76-unit affordable housing community in Pickens, South Carolina serving mixed family and senior tenants at 60% AMI.
Cinnaire Closes $307 Million LIHTC Equity Fund
Cinnaire closed a $307 million LIHTC equity fund, the Fund for Housing Limited Partnership 45 (Fund 45). This fund will finance the creation and preservation of 2,259 affordable housing units across 27 properties in ten states, directly benefiting 5,196 residents.
KeyBank Real Estate Capital Hires Bill Lafferty as Senior Mortgage Banker
KeyBank Real Estate Capital announced that Bill Lafferty has joined the organization as a senior mortgage banker within its Commercial Mortgage Group.
Pennrose Breaks Ground at Warner & Swasey Redevelopment in Cleveland
Pennrose and MidTown Cleveland celebrated the groundbreaking of the Warner & Swasey redevelopment, launching construction on a long-awaited adaptive reuse of the historic former manufacturing facility located at 5701 Carnegie Avenue in Cleveland’s MidTown neighborhood. The rehabilitation will transform the 194,000 square-foot, five story building vacant since 1985 into a vibrant mixed-use, 140-unit mixed-income community.