Member News

On February 25, Woda Cooper Companies held a Grand-Opening Ribbon Cutting ceremony for the new Center Crossing affordable senior community in Hickory, NC. 

In a recent press release, CREA announced that in 2021 it has deepened its mission by prioritizing people and directing business as a force for good. In repositioning itself as a company focused on impact and humanity, CREA reimagined its mission, vision and values.

Merchants Capital announced in a press release that it has arranged $13 million in debt financing and $7.2 million in equity financing to support the renovation and redevelopment of Adcock Joyner Apartments in Oakland, CA.

KeyBank Community Development Lending and Investment provided a $29.7 million construction loan and KeyBank Real Estate Capital provided a $12.2 million Freddie Mac Tax Exempt Loan for Prestwick Development, an Atlanta-based real estate developer, to construct an affordable multifamily property in Acworth, GA.

Merchants Capital announced it has closed a record $7 billion in debt production in 2021. The firm achieved explosive growth in all product offerings, including a 72 percent increase in Federal Housing Administration financing to $1.97 billion, a 143 percent increase in Fannie Mae and Freddie Mac production approaching $1 billion and a 65 percent increase in Merchants Bank of Indiana balance sheet financing with over $4 billion in volume in 2021.

The Chicago office of Merchants Capital recently secured more than $110 million in total financing for Parkside 8 and Parkside 10, two mixed-use, workforce housing developments located in Ward 7 in Washington, DC, the company announced.  

The Cooper Housing Institute announced that it has awarded the nonprofit public policy advocacy organization, Massachusetts Housing & Shelter Alliance (MHSA), with a $300,000 grant.

MacRostie Historic Advisors (MHA) announced its acquisition by Ryan, a leading global tax services and software provider.

Tapestry announced it closed two projects—South Oak Apartments and Highland Terrace II—in the second half of 2021 with the help of development partner, Vizion Driven Communities. 

Fairstead announced that Michelle Militello has joined the company as senior director, affordable asset management, where she is focusing on structuring and growing the affordable team to match the company’s pace of development.

Local nonprofit Samaritan Recovery Community said it has partnered with Holladay Ventures and Evergreen Real Estate to create Shelby House, a redevelopment project consisting of a mix-use of 484 affordable housing units, including a 71,000 square-foot recovery services center for the nonprofit in Nashville, TN.  

The Architectural Team (TAT) has announced promotions for three longstanding senior team members.