News

$135M Tax-Exempt Bond Advances Newton Senior Living Expansion

Boston & New England

MassDevelopment has issued a $134,850,000 tax-exempt bond of behalf of nonprofit Lasell Village Inc., which will use a portion of proceeds to renovate and expand the current Lasell Village senior living community on the campus of Lasell University in Newton, MA. The bond was sold through a public offering underwritten by Barclays Capital Inc. Specifically, Lasell Village will acquire 1.37...

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LDG Lands Low Income Housing Tax Credits for $100M DFW Project

Texas + Apartment Buildings

LDG Development qualified for low-income housing tax credits for its latest DFW apartment project. The 330-unit development will be designated for households earning at or below 60% of the area median income level. LDG has started work on the Gateway at Trinity Forest at 2200 Dowdy Ferry Road. a $100 million project that is expected to...

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Bell Adds to Denver Apartment Portfolio

Phoenix & Southwest + Apartment Buildings

A Bell Partners fund spent $133 million to purchase the 400-unit Montane Apartments at 18301 Cottonwood Drive in Parker. Starlight Investments sold the property, which was acquired for $120 million in 2019 from the developer Alliance Residential Co. The Denver Business Journal reports that Bell Partners now owns or manages a portfolio of around 7,400...

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Streetlights Moving Dirt on Phase III of Viridian Project

Texas + Apartment Buildings

StreetLights Residential started work on the third phase of its multifamily development within Viridian in Arlington. Situated on 2,000 acres between Dallas and Fort Worth, Viridian offers 500 acres of parks and open space, another 500 acres of protected wetlands and open water, and miles of nature trails. StreetLights completed the first two phases of...

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Texas Renters Staying Put, Raising Demand and Rents

Texas + Apartment Buildings

RentCafe.com’s latest Rental Competitiveness Report reveals the tightness in the markets across Texas at the start of the 2025 peak season. With demand up, lease renewals rising, and new construction slowing in most areas, renters are facing stiffer competition this summer.  Here’s a closer look at how major Texas metros are shaping up this rental season, and what renters can expect in each market:  Houston leads the...

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Downtown Atlanta Hospital Razed, Mixed-Use Project on Way

Atlanta & Southeast + Apartment Buildings

The Wellstar Health System hospital in Atlanta was recently demolished after closing in 2022. Plans for the location are to build over 1,000 residential units at the site. The Atlanta Business Chronicle reports that Wellstar selected The Integral Group to redevelop the 22-acre site into a mix of housing, retail, office and green space. The...

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Canada Must Strive to Meet Carney’s Lofty Housing Goals: Paskowitz

Canada + Apartment Buildings

Canada must strive to meet Prime Minister Mark Carney’s immense housing-expansion goals that call for millions of new homes over the next decade, says a leading multi-family real estate executive. Howard Paskowitz, vice-president of development and public affairs for Starlight Investments, told Connect that Carney’s aim is “not a small task,” but the future homes...

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BGO’s Akinyemi Plays Key Role in Diversified RE Fund’s Performance

Canada + Apartment Buildings

(Tunde Akinyemi is among the 2025 Canadian Next Generation Awards recipients, as selected by Connect CRE Canada. This profile explains how he stands out among his peers. Read about all of the award winners.) By Amy Wolff Sorter As a BGO vice-president and associate portfolio manager, Tunde Akinyemi plays a key role in supporting the overall strategy,...

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