Member News

KeyBank Real Estate Capital has appointed three new relationship managers focused on affordable housing to expand community development lending and investment (CDLI) activity in the Southeast and Northwest.

Dakota Partners announced that Woodland Cove, a new community located minutes from the Cape Cod bridges, moved one step closer to welcoming new residents with the closing of its final phase of financing.

MassHousing has closed on $8.5 million in affordable housing financing to Dakota Partners, Inc., to support the final phase of development of the Woodland Cove housing community in Wareham.

USA Properties Fund announced it has started construction on Terracina at Whitney Ranch, an affordable apartment community in Rocklin that will provide much-needed housing to residents, from early-in-their career teachers and hard-working couples with children saving for their first home to retirees living on a fixed-income.

Arch Communities and WinnCompanies celebrated the completion of a $25.7 million adaptive reuse project to transform a 106-year-old historic school building in Southbridge, MA, into 62 apartments for seniors ages 55 and older.

Hunt Capital Partners announced the closing of $8.95 Million in Federal LIHTC equity and $2.11 Million of State LIHTC equity financing for the second phase of construction of Woodland Cove Apartments.

CohnReznick LLP announced that Arkadiy (Eric) Green, CPA,has joined the firm as a tax partner in its Commercial Real Estate practice.

Cinnaire announced that it has closed on an ownership position in CPC Mortgage Company, a national mortgage lending company specializing in multifamily agency finance products.

WinnCompanies celebrated the completion of an extensive $49.3 million rehabilitation project to repair and modernize a 284-unit affordable housing community built inside the historic former leather tannery that helped make Peabody, MA, a worldwide hub for leather manufacturing in the early 1900s.

Churchill Stateside Group, LLC (CSG) announced the closing of financing for a new-construction workforce housing project in Flagler Beach, FL. Preserve at Flagler will consist of 240 units catering to family tenancy.

Dwight Capital and its mortgage REIT affiliate, Dwight Mortgage Trust, closed $377MM of loans in the month of June.

Red Stone announced the hiring of Fred D. Scott. Scott serves as director of impact investments at Red Stone Equity Partners with primary responsibility for overseeing Red Stone’s efforts in building an investment platform utilizing non- tax-oriented capital focused on underserved markets.