Author: ipgocorp

OKLAHOMA CITY, OK – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on The Reserve at Chisholm Creek, a 267-unit affordable housing community for individuals and families in Oklahoma City, marking LAC’s first ground-up construction project in the state of Oklahoma.
“LAC is proud to bring high-quality housing to Oklahoma City, which will create long-term access to affordable housing in one of the city’s most dynamic and growing areas,” said David Garcia, LAC Vice President and Project Partner. “The Reserve at Chisholm Creek represents our continued commitment to building sustainable, inclusive communities, and we’re grateful to our public and private partners who helped make this project possible.”
The Reserve at Chisholm Creek will feature a mix of one-, two-, three-, and four-bedroom apartments with communal amenities including a swimming pool, playground, dog park, fitness center, and clubroom for resident gatherings. Units will feature stainless steel appliances, in-unit washers and dryers, and ample storage including coat and linen closets. Additionally, the building includes a rooftop solar panel installation to offset common area electricity use, reinforcing LAC’s commitment to sustainability.
The Reserve at Chisholm Creek will lease its units to individuals and families earning up to 60% of the Area Median Income (AMI). The development was financed with a 4% non-competitive Low-Income Housing Tax Credits (LIHTC), along with tax-exempt bonds and Oklahoma state low-income housing tax credits issued by Oklahoma Housing Finance Agency (OHFA). Chase Bank provided construction financing, Barings provided the permanent loan, and US Bank purchased the federal and state LIHTCs. Rosemann & Associates is the architect and CMS Willowbrook is the general contractor. The development will comply with Section 42 of the Internal Revenue Code and the Oklahoma Qualified Allocation Plan (QAP).

LONG BEACH, CA – JPI, a leader in Class A multifamily development, in partnership with Tokyo Tatemono US Ltd. and BMO Bank, has closed on construction financing for Portico, a $150 million, mixed-use development in Long Beach, Calif. Located at 450 The Promenade North, Portico marks the first phase of the highly anticipated Mosaic redevelopment project, formerly known as City Place Long Beach.
Slated for delivery in 2028, Portico will feature 272 multifamily units, including studio, one-bedroom, two-bedroom, and three-bedroom apartments – 16 of which will be designated as affordable housing units. The development will also include 18,841 square feet of ground-floor retail, offering direct access to the pedestrian promenade and enhancing the area s walkability and vibrancy
This project represents a key step forward in reimagining Downtown Long Beach, said Mollie Fadule, Chief Financial and Investment Officer at JPI. With the support of Tokyo Tatemono US Ltd. and BMO Bank, we are not just building homes, we are creating a destination that blends housing, retail, and culture into a thriving urban experience.
Residents will enjoy a suite of elevated amenities, including a speakeasy, rooftop deck, sports simulator, sauna, and pool deck overlooking the Mosaic shopping center. Public art murals will adorn the building s brick façade.
The broader 14-acre Mosaic redevelopment, led by Turnbridge Equities, Waterford Property Company, and Monument Square Investment Group, will ultimately deliver 900 multifamily residences and 38,000 square feet of commercial space, transforming the heart of Long Beach into a dynamic live-work-play environment.

DALLAS, TX – Clover Capital Partners announced the successful acquisition of The Woodlands of Plano. Located in Northeast Plano, this well-positioned community represents a fully stabilized value-add opportunity with 232 units across a mix of one, two, and three-bedroom floor plans.
The property includes assumable fixed-rate debt at 3.02% with a full 10 years remaining, providing exceptional long-term interest rate security, positive arbitrage and downside protection.
Plano offers proximity to major employers like Toyota, Frito-Lay, and Texas Instruments, making it a prime location for residents. The property is close to attractions such as Downtown Plano, Legacy West, The Shops at Willow Bend, and Oak Point Park, providing a mix of urban convenience and outdoor recreation.
A primary driver for the area and its residents is its location within the highly desirable Plano ISD, which is consistently ranked among the top districts in DFW. The metroplex remains the nation’s fastest-growing market for jobs and population growth, and is expected to gain 180,000+ new residents in 2025 alone.
We are incredibly grateful for the continued confidence and support of our investor partners, whose commitment makes opportunities like this possible. We would also like to extend a special thank you to CBRE for their partnership and execution in bringing this transaction to the finish line.
We would also like to recognize our legal counsel, Platt Richmond, for their diligence and hard work throughout this transaction. Their guidance, responsiveness, and attention to detail were critical in navigating the legal complexities of the acquisition and helping ensure a smooth closing process.
“This marks an exciting step forward for our firm. Clover looks forward to executing our business plan, creating more long-term value for our residents and investors, while maximizing returns and minimizing risk,” says Co-Founder Bryan Harlan.

COLUMBUS, OH – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, announced the grand opening of The Lofton, a 245-unit family-focused housing community in Columbus s South High neighborhood. Developed in partnership with the City of Columbus and faith-based nonprofit Community Development for All People, the project features thoughtfully designed homes serving households earning between 30% and 80% of the Area Median Income (AMI).
The Lofton represents a meaningful step forward for Columbus as the city grows in population and job opportunities, said Aaron Pechota, Executive Vice President of Development at The NRP Group. We and our partners designed these homes for the families that power the city, with spaces that foster connection, growth and stability. Together, we ve created a development that will anchor the South High corridor and support its continued growth for generations.
Located just off of South High Street at 55 Fornof Road, The Lofton is designed for families, and more than half of all residences are a mix of three- to four-bedroom homes. A 3,500 square-foot commercial space on the first floor is reserved for a daycare operator to support the needs of residents and the surrounding community.
Transformative projects like The Lofton help unlock the full potential of our city, said Columbus Mayor Andrew Ginther. Through a combination of public and private investment, we are bringing new housing, new energy and new opportunities to the South High neighborhood, setting the stage for more people to live, work and thrive in Columbus.
The Lofton offers easy access to downtown Columbus, the Short North Arts District, the Arena District and Nationwide Children s Hospital, as well as public transit along the South High corridor. Retail, dining and entertainment options are within walking distance, while major employment hubs and educational institutions, including Columbus State Community College, are minutes away.
The new community was designed by MA Design, a women-owned Columbus firm with a 45-year history specializing in family-oriented and affordable housing. Apartments feature fully equipped kitchens, modern cabinetry, luxury vinyl plank flooring, and walk-in closets. Residents will have access to onsite parking, elevators, package concierge services and laundry facilities.
The Lofton offers residents a robust suite of amenities that encourage connection, wellness and convenience. Indoor amenities include a fitness center, community room and spaces for gatherings and recreation. Outdoor areas feature walkable paths throughout the property, a playground and landscaped open spaces designed for interaction and daily activity.
Development and financing partners include KeyBank, which provided construction and permanent financing, Hudson Housing Capital and support from the City of Columbus and Franklin County through local bond and rental housing programs.
The Lofton is a strong example of how thoughtful partnerships can produce housing that s both financially sound and socially impactful, said Marisa Rodriguez, Vice President at Hudson Housing Capital. We re honored to have played a role in bringing this vital resource to the South High community.
Co-developer Community Development for All People helped guide the project s focus on larger homes and community-oriented spaces, building on prior collaborations with The NRP Group in Columbus, including Parsons Village Senior Apartments and the Residences at Career Gateway.
The Lofton is the most recent demonstration of our commitment to providing high-quality, affordable housing, said Mike Premo, Executive Director at Community Development for All People. With this project marking our fifth partnership with The NRP Group, we re proud to play a pivotal role in fostering vibrant communities where residents have access to safe, comfortable, and affordable homes that will enable them to not just live, but thrive.
The Columbus metro area remains a priority market for The NRP Group. The firm has developed nearly 2,000 units across more than 10 properties in the city, and has developed more than 5,000 rental homes across the state of Ohio since 1994.

ORLANDO, FL – CIM Group, together with a joint venture partner, announced the acquisition of Overture Hamlin, a 180-unit, 55+ active adult multifamily community in Orlando, FL. Located at 5795 Citrus Village Blvd. in the Winter Garden submarket west of Downtown Orlando, Overture Hamlin is a 157,612-square-foot active adult community designed for residents aged 55 years and older.
Built in 2021, the property offers stylish one- and two-bedroom residences with modern finishes and an extensive array of resort-inspired amenities, including a resort-style pool, fire pits, outdoor grills, fitness center, yoga studio, bocce ball court, resident lounge, gaming area, theater, arts and crafts room, demonstration kitchen and business center. Residents can enjoy a diverse range of fitness classes, continuing education programs and social events that foster engagement, well-being and community connection.
Overture Hamlin is situated in a prime location with convenient access to lifestyle amenities, employment centers and public recreation. The property is within walking distance of Hamlin Town Center, a nearly two-million-square-foot lakefront mixed-use destination featuring retail, dining, entertainment and medical services in the heart of Horizon West, one of the fastest growing master-planned communities nationally according to the Orlando Economic Partnership.
This acquisition underscores CIM Group s commitment to the active adult and senior living sector, a growing area of focus as the firm responds to strong demographic trends driving demand for housing and lifestyle options tailored to the 55+ population.
For 30 years, CIM Group has applied its community-focused investing approach by utilizing its broad expertise in owning, developing, repositioning, and operating real estate assets to enhance communities throughout the Americas.

LOS ANGELES, CA – Eagle Partners announced the closing of a $107-million affordable housing preservation acquisition, The Hills at Hacienda Heights, a 350-unit apartment community in the San Gabriel Valley of Los Angeles. Eagle Partners’ acquisition will create long-term affordability for the community and will enhance the quality of the asset through targeted capital reinvestment.
Eagle Partners, a vertically-integrated multifamily real estate investor and operator, partnered with Red Stone Equity Partners, JPMorgan Chase, California Housing Finance Agency (CalHFA), and Affordable Housing Access to execute upon the market-to-affordable conversion.
Eagle Partners will restrict up to 350 units to households earning up to 80% of Area Medium Income (AMI) with an emphasis on minimizing tenant displacement.
“There is substantial need to increase access to and maintain the quality of attainable housing across Southern California and beyond,” said Taylor Friend, a Managing Partner of Eagle Partners. “We are proud to partner with best-in-class organizations to find creative ways to meet the needs of the community while also creating value for our investment partners.”
The Hills at Hacienda Heights will be the second – and largest – CalHFA affordable housing preservation equity transaction in California.
“As part of the state’s overall housing finance strategy, CalHFA is continually exploring creative ways to boost and preserve the supply of affordable housing for Californians earning low to moderate incomes,” said CalHFA Executive Director Tony Sertich. “We are thrilled to be part of this collaboration that will preserve affordability for so many deserving families.”
Red Stone Equity Partners, a leading real estate investment firm specializing in affordable housing, partnered with JPMorgan Chase to execute the transaction. As a market leader in affordable housing and long-standing investment partner of Red Stone, JPMorgan Chase provided the majority of the capital for the investment. The investment is a part of Red Stone’s Preservation Equity platform, which utilizes private market solutions to acquire and preserve existing affordable rental housing throughout the country.
“Investing in The Hills at Hacienda Heights’ affordable conversion alongside Eagle Partners represents the kind of strategic collaboration that Red Stone seeks with sophisticated operators as we continue to prudently deploy impact capital into affordable housing,” said Brian Fishback, Director of Alternative Investments at Red Stone Equity Partners. “This transaction reflects our commitment to preserving affordability, and we look forward to seeing the lasting impact this investment will have for residents and the broader Hacienda Heights community.”
Situated on approximately 10.5 acres and originally built in 1970, The Hills at Hacienda Heights is a recently renovated community of 1-, 2- and 3-bedroom homes offering a multitude of high-quality amenities, including a gym, business center, three pools and a spa, and expansive open areas. The community represents nearly 40% of all apartment inventory in Hacienda Heights.
“This acquisition underscores what is possible when sophisticated capital aligns with a clear purpose, and that positive impact can be married with compelling financial returns to better the communities that we operate within,” said Shahny Lutfeali, a Managing Partner of Eagle Partners. “In addition, we want to thank Kevin Green and the Institutional Property Advisors team for their collaboration throughout the sales process.”

COLORADO SPRINGS, CO – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Venture on Venetucci, a 336-unit multifamily community in Colorado Springs. Thompson Thrift expects to welcome the first residents in March 2027.
“Colorado Springs continues to stand out as one of the nation’s fastest-growing economies, supported by billions in new investment and thousands of new jobs,” said Josh Purvis, managing partner for Thompson Thrift Residential. “Our newest community reflects that same momentum, bringing Thompson Thrift’s signature blend of quality, luxury and lifestyle to a market that values exceptional living experiences.”
Located at 4446 Venetucci Blvd., the 16.5-acre community will feature spacious one-, two- and three-bedroom apartment homes averaging 1,000 square feet. Each residence will include premium interior finishes such as elegant quartz countertops, stainless-steel appliances, smooth glass-top ranges, timeless tile backsplash and hardwood-style flooring. Residents will also enjoy large walk-in closets, walk-in showers, patio and balcony options, private yard options, detached garages, full-size washers and dryers, high-speed internet access, an Amazon package hub and more.
Resort-style living will continue throughout the community and feature a fully equipped fitness center with 24-hour access, a heated swimming pool, community grilling areas, a pickleball court, billiards, shuffleboard, dog park, pet spa with grooming stations, and a resident business center with a conference room and focus suites.
The site offers stunning views of Pikes Peak and Cheyenne Mountain, along with easy access to nearby trails and an abundance of outdoor recreation. South Academy Highlands, one of the city’s newest shopping centers, will provide residents with retail and fast-casual restaurant options including Sam’s Club, Walmart, MOD Pizza, Jersey Mike’s Subs, and Starbucks. Broadmoor World Arena, an 8,000-seat multi-purpose arena, and Cheyenne Mountain Shopping Center are just a few minutes away and will offer residents with additional shopping and entertainment options.
Venture on Venetucci offers excellent visibility and connectivity to S Academy Blvd., and Interstate 25 provides easy access to downtown Colorado Springs and Colorado Springs Airport. Top area employers include Fort Carson, Amazon Distribution and UCHealth Memorial Hospital Central, all within six miles of the site.
Peak Innovation Park, a 1,600-acre master planned business park near Colorado Springs Airport, is less than five miles from the property and currently has 4,000+ employees across multiple businesses, including three Amazon facilities, Aerospace Corporation and Northop Grumman.
Colorado Springs ranks 5th out of 403 cities nationally on Milken Institute’s 2025 Best-Performing Cities – Economic Resilience and Opportunity report. Since 2022, 23 companies have announced expansion plans in Colorado Springs with development projects that will bring more than 4,000 jobs and over $2 billion in capital investment.
Colorado Springs has made a significant investment in tourism and entertainment, including the new U.S. Olympic & Paralympic Museum, Weidner Field, Ed Robson Arena, the Hybl Sports Medicine & Performance Center and the Air Force Academy Visitor Center. These projects are expected to provide over a billion-dollar economic impact and generate thousands of jobs.

ELIZABETHTOWN, PA – Greystar, a global leader in the investment, development, and management of real estate, announced that its new apartment community The Henry at Klein Mills is now pre-leasing with first move-ins slated for fall.
“We’re proud to introduce a fresh, new housing option to Lancaster County with The Henry at Klein Mills,” said George Hayward, Managing Director of Development at Greystar. “This community represents our first of what we hope are many investments in the fast-growing Lancaster-Harrisburg area. Residents will enjoy an elevated amenity package and in-unit experience, including quieter units, that set us apart from other offerings in the Elizabethtown area, all in a prime location with easy access to Lancaster, Hershey and Harrisburg.”
The Henry at Klein Mills offers one-, two- and three-bedroom layouts that range from 616 sq. ft. to 1,115 sq. ft. Apartment homes feature: Open concept floorplans; Superior soundproofing; Spacious closets; Stainless steel appliances; In-home washer and dryer; Keyless door entry; Smart thermostats; and Pre-installed high-speed internet.
The community is situated in a natural setting with an abundance of trees and green space for residents to enjoy. The Henry’s amenities include: Resident lounge; Top-tier fitness center; Heated swimming pool; Sun deck; Dog park; Community-wide Wi-Fi; EV charging; Bike storage; and 24-hour emergency maintenance.
The Henry at Klein Mills offers a prime location in Elizabethtown, just minutes from Elizabethtown College, downtown shops, Weis Markets, Moo-Duck Brewery and the Campus Ridge Farmer’s Market as well as the Mars factory, the state government in Harrisburg, Masonic Village and other job centers.. Residents enjoy easy access to Lancaster, a vibrant town known for its rich Amish heritage and abundance of handcrafted goods and baked treats.
Nearby Hershey Park delivers fun with its world-class amusement park, concert venue, Hershey’s Chocolate World and one of the largest car shows hosted by the Antique Automobile Club of America. Nearby Harrisburg provides a wealth of career opportunities, museums and entertainment options. Harrisburg International Airport is conveniently located in nearby Middletown.

MABELTON, GA – Vista Residential Partners announced the financing close and groundbreaking of Mill Grove Vista, a three-story, 304-unit Class A, garden-style apartment community at 5178 Floyd Road in Mableton, Georgia. The multifamily development sits at the heart of a forthcoming 23.6-acre mixed-use development that will introduce a civic building, townhomes, and neighborhood-serving retail along Floyd Road, complementing the historic Mable House complex and the 2,500-seat Mable House Barnes Amphitheatre directly across the street.
Residents will enjoy immediate access to everyday conveniences and outdoor recreation, including the Silver Comet Trail’s Floyd Road Trailhead, multiple grocery options within one mile, and swift connectivity via Veterans Memorial Highway, the East-West Connector, and I-20.
“Mill Grove Vista reflects Vista’s commitment to building in walkable, well-amenitized locations where new supply is limited and everyday living is made easier,” said Chase Beasley, Managing Director, Southeast Regional Partner at Vista. “We’re proud to help anchor this civic-oriented master plan in Georgia’s newest city.”
The community will feature twelve residential buildings and 546 parking spaces, offering an expansive fitness center, resort-style pool, clubroom with coffee bar, co-working spaces, secure parcel room, dog park, and playground. Interiors will include stainless steel appliances, luxury countertops and islands, vinyl plank flooring, and open, efficient layouts. Average home size will be 917 square feet, with a mix of one-, two-, and three-bedroom residences.
The development comes via partnership with Virtus Real Estate Capital and financing via Nationwide. Apex Multifamily Construction, a Vista affiliate, will serve as general contractor.
“We are excited to collaborate with both Virtus and Nationwide to provide a community which will truly become the focal point of the largest city in Cobb County. From the Silver Comet Trail to daily conveniences on Floyd Road, Mill Grove Vista is designed for how residents actually live—healthy, connected, and close to everything,” added Scott Henley, CEO Vista Residential Partners.
Vertical construction is expected to commence Q1 of 2026, with first residences expected to deliver in early 2027 and full completion targeted for late 2027.

MADISON, WI – JVM Realty Corp., a leading vertically integrated multifamily real estate investment and property management firm, announced that it has acquired Wrenfield at Pleasant View, a 300-unit luxury apartment community in Madison, Wisconsin. The property was purchased from Continental Properties and brokered by Berkadia. JVM Realty rebranded the property from Springs at Pleasant View to Wrenfield at Pleasant View.
Located at 8504 Mansion Hill Avenue on 17.73 acres, Wrenfield at Pleasant View was completed in 2022 and features townhome-style design with private entries across 15 two-story residential buildings. The community features spacious one-, two-, and three-bedroom floor plans averaging over 1,000 square feet per unit. The property also includes many of the high-end features common to JVM properties, including open kitchens with stainless-steel appliances and granite countertops with undermount sinks; high-end finishes and lighting; designer plank flooring in the living areas; walk-in closets; a large balcony or patio; and in-unit, full-size washers and dryers. Select upgraded units will also feature soaker tubs, subway tile backsplashes, painted accent walls, French door refrigerators, and custom closet organizers.
“Wrenfield at Pleasant View represents another exceptional addition to our Wisconsin portfolio and marks our third acquisition from Continental Properties,” said Jay Madary, president and CEO of JVM Realty. “With limited new supply in the area, robust employment growth, and a highly educated renter base, Madison continues to be one of the strongest multifamily markets in the Midwest. We’re excited to have the opportunity to utilize our award-winning management expertise, our in-house marketing team, and our revenue management capabilities to add value and create a signature experience that supports both investors and residents.”
Residents will also enjoy resort-style community amenities such as a heated swimming pool; a fully equipped 24-hour fitness center; a clubhouse with a kitchen, TVs, lounge seating, and a conference room; a business center; a car wash; valet trash, internet, and package delivery services; a fire pit and outdoor grilling stations; and two on-site dog parks with a pet spa area.
“We take great pride in this community and value our ongoing relationship with JVM Realty,” said Aaron Konop, finance director at Continental Properties. “Their operational strength and commitment to delivering an excellent resident experience make them a trusted steward for its continued growth.”
Located in Madison’s West Madison submarket, near the towns of Verona and Middleton, Wrenfield at Pleasant View offers convenient access to the Beltline Highway and downtown Madison, as well as proximity to major employers including Epic Systems, the leading healthcare software company, whose nearby campus supports 13,000 jobs and is expanding to add 2,000 more. Overall, Madison-area employers support over 232,000 jobs, with more in development. The community also benefits from an abundance of healthcare operators, top-ranked schools, and retail options such as West Towne Mall, which offers more than 125 retail and dining options. Residents can also take advantage of the adjacent 18-acre Midtown Commons Park with its many golf courses, sports fields, hiking trails, pools, and other outdoor recreation.
“Maximum success for us is forging strong and enduring relationships between best-in-class buyers and sellers,” said Pete Evans, senior managing director of investment sales at Berkadia Chicago. “Continental Properties’ trailblazing and brilliant Springs product is a perfect fit for JVM’s expert insight into their markets and ability to maximize perpetual competitive advantages, while driving additional revenue through insightful and proven avenues.”
Madison is the capital and the second most populous city in Wisconsin, and it was recently ranked the #1 Best Place to Live in America by Livability. It consistently ranks as one of the fittest and happiest cities in the country. Additionally, the University of Wisconsin is a major presence in the city, contributing to its vibrant culture, intellectual atmosphere, and diverse population.
Wrenfield at Pleasant View marks JVM’s fourth acquisition in Southeast/Central Wisconsin, further strengthening the firm’s presence across the region. JVM now owns and manages 21 communities throughout the greater Midwest.