Member News

Lincoln Avenue Capital (LAC) acquired a majority interest in 37 of LHP Capital’s multifamily properties in a $125 million transaction. Headquartered in Knoxville, TN, LHP will retain an interest in the 37 properties and will also continue to manage the sites through its property management division.

Standard Companies announced that Joe Ouellette has returned to the company as chief strategy officer, a new position in which he is responsible for spearheading Standard’s growth and accelerating performance. 

Hunt Capital Partners announced seven new strategic hires across the acquisition, project management, asset management and underwriting teams.

Fifteen Fifty, Related’s 1.2 million square-foot mixed-income, mixed-use development located on the corner of Mission Street and South Van Ness Avenue, has been honored by the San Francisco Business Times with the 2020 Real Estate Deal of the Year Award for Best Market Rate Housing Development, Related said in an announcement.

Standard Communities, the affordable housing division of Standard Companies, announced it has led a public-private partnership that acquired Foothill Villas Apartments, a 100 percent affordable community comprising 239 units in 37 residential buildings on a 22-acre site in San Bernardino, CA.

Woda Cooper Companies, Inc. announced that its new $14 million Osborn Commons in downtown Sault Ste. Marie, MIich., has been certified LEED Gold by the US Green Building Council (USGBC).

The National Trust Community Investment Corporation (NTCIC) announced the successful financial closing for the first phase of the redevelopment of the historic General Electric (GE) factory complex in Fort Wayne, IN. The $286 million revitalization will transform the former industrial campus into Electric Works, a lively 730,000+ square-foot innovation district, the NTIC said.

USA Properties Fund said it has started construction on two apartment communities in Simi Valley, creating a mixed-income, multigenerational development with 311 units.

The Architectural Team (TAT) said it is marking its 50th year, and released a timeline of their history on its website.

Pennrose said that its company, Hunt, and Acacia Network were selected by the New York City Housing Authority (NYCHA) to repair and upgrade 1,321 units under NYCHA’s Permanent Affordable Commitment Together (PACT) program, including Hope Gardens. Pennrose released a video on the project.

CohnReznick announced it has retained MG Housing Strategies (MGHS), a new boutique government relations firm, to support its commitment to the industry.

The Board of Commissioners of the Chicago Housing Authority agreed to provide the new owners of Barbara Jean Wright Court apartment complex with funding for up to 160 apartments of the 272-unit complex, the Jonathan Rose Companies (Rose) said in a press release.