The KTGY-designed property will offer 150 units, including micro-units and one- and two-bedroom apartments. Image courtesy of KTGY Urban Alfandre and Garner Batt have completed Slate, a 150-unit mixed-use community offering micro-units in addition to its more traditional one- and two-bedroom apartments. The community is located at 915 Washington St. in Salt Lake City’s growing Central Ninth neighborhood. KTGY was the lead architecture firm that designed the transit-oriented development, which is geared toward students, young professionals and families. Construction of the five-story property ..read more

Booth Residences was built in 1981 and renovated in 2006 using Low Income Housing Tax Credits. Image courtesy of JLL Capital Markets The Salvation Army has secured $11 million in U.S. Department of Housing and Urban Development financing that will be used for upgrades at Booth Residences, a 150-unit affordable senior housing property in Cincinnati. The eight-story property at 6000 Townevista Drive was built in 1981 and renovated in 2006 using Low Income Housing Tax Credits. The Section 42 LIHTC tax credits were applied to the property in 2009, enabling rent to be restricted through at least ..read more

Yosemite Apartments in San Fransisco. Image courtesy of Enterprise Enterprise Community Partners has closed Enterprise Housing Partners Funds XLI and XLII. The investment vehicles raised a combined total in excess of $444 million, garnering commitments from 19 investors. The low-income housing tax credit funds will back the preservation and construction of 3,500 homes for almost 9,200 households at 30 properties in 16 states: Arizona, California, Colorado, Florida, Georgia, Illinois, Louisiana, Massachusetts, New Jersey, New York, North Carolina, Ohio, Oregon, Texas, Washington and Wisconsin ..read more

Multifamily Matters is the only weekly one-hour, broadcast radio show in the nation that is solely dedicated to multifamily industry operations. Tune in every Saturday to Houston’s AM – 1070 at 11:00 AM CST to listen to the show’s Host & Executive Producer, Paul Marks, CAS, and multifamily industry experts discuss topics and issues that affect the apartment industry. This week’s show Peter Roisman. Image courtesy of Multifamily Matters On this week’s show we are discussing a topic that is important and timely for the multifamily industry.  It will air at 11:00 AM CST this Saturday ..read more

Starhill. Image courtesy of the New York Governor’s press office The New York City Housing Authority Permanent Affordability Commitment Together Union Avenue Consolidated project, or PACT, has obtained $225 million in financing to support a large-scale refinancing and rehabilitation of seven affordable housing developments. Collectively, those developments encompass 18 buildings and a total of 983 apartments. Merchants Capital’s Freddie Mac Capital Markets Execution, or CME, loan will be used to refinance and rehabilitate the apartment units. Building-wide improvement plans will include upgr ..read more

CPP plans to renovate existing buildings and build a new common space. Image courtesy of CPP Community Preservation Partners has expanded its footprint in the downtown Pittsburgh market with the acquisition of Cambridge Square Apartments. The developer plans to renovate the 204-unit community and add a new amenity building. CPP is planning to pour more than $18.8 million into the renovation of the property, which is acquired for $16.6 million. The company’s total investment in the affordable community will total approximately $47.2 million. Thomas Gibson, director of special projects for CPP ..read more

One Riverwalk has 303 apartments. Image courtesy of Passco Cos. Passco Cos., alongside joint venture partner Greystone, has acquired One Riverwalk, a 303-unit luxury multifamily community in Knoxville, Tenn., from developer Southeastern for $120.7 million. The deal represents the largest apartment acquisition in Passco’s history. The new owners also assumed a 10-year $64.3 million Freddie Mac loan bearing a 3.12 percent fixed rate with more than three years of interest-only periods remaining. Assumption of the debt was key to both firms finding mutually beneficial motivations for the transa ..read more

Jessica Fiur, Editor-in-Chief At the end of a year, it seems like we’re pressured to make resolutions for the next one. But, sometimes, we’re in such a rush to plan for the new, that we don’t take the time to celebrate what we accomplished during the current year. What are you proudest of that you accomplished in 2023? For me, there are professional successes and personal achievements. But, when I look back, there’s one, small thing I did that leaves me fulfilled, gives me confidence and makes me smile: I did a push-up. Yup, a push-up. I’ve run marathons. I was on the swim team in high schoo ..read more

You can also read our other Top Development rankings. * As of June 30, 2023 Key: L=Luxury; M=Market rate; A=Affordable; St=Student; Mi=Military; Se=Senior; X=Other Though we make every effort to include all major multifamily developers, several notable firms (among them Alliance Residential, AvalonBay Communities, Fairfield Residential, Mill Creek Residential and Wood Partners) did not participate this year. To be included in upcoming surveys, email Agota Felhazi at agota.felhazi@cpe-mhn.com. MF Development Activity Remains High Image by JARAMA/iStockphoto.com This year, multifamily develo ..read more

Creating a sense of community is a year-round priority that many on-site, regional and corporate property management teams take extremely seriously. Getting it wrong during the holidays can damage relationships that have been carefully nurtured over the previous 11 months. That’s why creating an inclusive and welcoming atmosphere during the holidays—so no one feels left out, even if they observe the Winter Solstice or just celebrated Diwali in November—is so important. READ THE DIGEST Expert holiday planning at multifamily properties is more than good business—it’s the law. In 1995, the U.S. D ..read more