Member News

MacRostie Historic Advisors announced the naming of four new partners: Kim Smith Barnett, John Cramer; Anna Mod and Richard Sidebottom. All have worked closely with founding partner Bill MacRostie and partner Allen Johnson, both of whom are retiring, the firm said. Johnson announced his retirement Aug. 20.

Greystone and Project Destined, a leading social impact platform that provides training in financial literacy, entrepreneurship and real estate, have teamed up to provide custom commercial real estate (CRE) career path mentoring to a select group of college students during the Fall 2021 academic semester, Greystone announced. 

Standard Communities announced it formed a joint venture with Faring to create more than $2 billion of “missing-middle” housing throughout California over the next 18 to 24 months. The strategic partnership, Standard-Faring Essential Housing, will engage in both ground-up development of middle-income housing and the acquisition and conversion of existing market-rate properties, the companies said.

Align Finance Partners announced the closing of the $15 million refinance of Parkwood Apartments, a 55-unit, affordable multifamily property located in Santa Rosa, CA. The transaction, sponsored by Burbank Housing Development Corporation, utilized 501(c)(3) bonds, the company said.

Merchants Affordable Housing Corp. (MAHC) announced Bruce R. Baird will serve as president and CEO. Baird has been involved with MAHC for more than seven years, having served on the organization’s Board of Directors since 2014 and as Board Chair since April 2019.

Tidwell Group announced that Andrew Hooper, Clint Hamilton, Michael Fournier, Patrick Burk and Sean Hutton have been promoted to partner.

Hunt Capital Partners announced it has closed $6.4 million in Low Income Housing Tax Credit equity and $2.4 million in state and federal Historic Tax Credit equity for the construction of 48 multifamily housing units in a new building plus 18 additional units in the adaptive reuse of a historic building in Monroe, LA, which dates back to 1929.

Dominium announced the successful closing of the Groves of Lawrenceville, a 322-unit property located in Lawrenceville, GA.

Financial services provider Merchants Capital announced it formed a registered investment advisor, Merchants Asset Management LLC, and secured equity commitments totaling $165 million through a joint venture between an institutional investor and Merchants Bancorp.

National Trust Community Investment Corporation announced it added seven new members to its team during the last quarter.

Beacon Communities CEO Dara Kovel announced that Duncan Barrett will leave Beacon “to pursue a more relaxing and enjoyable time in (partial) retirement.” Nicole Ferriera will head up the office upon his departure.

Dominium announced the closing of Osprey Village, located at Marigold Avenue and Stepping Stone Boulevard in Poinciana, FL. The $116 million development, once constructed, will provide 383 high-quality affordable homes to the senior community within the Orlando metro-area.