Member News

Dominium announced the successful closing of the Groves of Lawrenceville, a 322-unit property located in Lawrenceville, GA.

Financial services provider Merchants Capital announced it formed a registered investment advisor, Merchants Asset Management LLC, and secured equity commitments totaling $165 million through a joint venture between an institutional investor and Merchants Bancorp.

National Trust Community Investment Corporation announced it added seven new members to its team during the last quarter.

Beacon Communities CEO Dara Kovel announced that Duncan Barrett will leave Beacon “to pursue a more relaxing and enjoyable time in (partial) retirement.” Nicole Ferriera will head up the office upon his departure.

Dominium announced the closing of Osprey Village, located at Marigold Avenue and Stepping Stone Boulevard in Poinciana, FL. The $116 million development, once constructed, will provide 383 high-quality affordable homes to the senior community within the Orlando metro-area.

CREA, LLC said it named Ed Stone as chief credit officer. Stone will lead and further develop CREA’s credit and underwriting functions as well as its construction feasibility and monitoring group, the company said.

Merchants Capital announced it has established a Washington, D.C., office – the company’s fifth nationwide.

Monarch Private Capital announced its inaugural $235 million social bond issuance. Proceeds of the Monarch Social Bond will be used to finance affordable housing projects to support the firm’s commitment to narrowing the affordable housing gap in the United States, Monarch said. 

Dominium announced the successful closing of Harbor at Twin Lakes, located at 2730 Hershel St. in Roseville, MN. 

The new development will complete Dominium’s commitment to the Twin Lakes Station redevelopment, which includes Harbor of Twin Lakes’ sister property Oasis at Twin Lakes—an apartment community constructed in July 2020. The total development cost for the project is $72 million, the company said. 

The Louisiana Housing Corporations board of directors unanimously approved a resolution to adopt the state’s 2022-2023 QAP. The most recent draft is available here, the final document will be released to the public by August 1. The board also approved the election of Anthony “AP” Marullo, III as chairman and Tonya P. Mabry as vice-chairwoman.

U.S. Bank and Enterprise announced the issuance of an innovative racial equity bond. Issued by Enterprise Community Loan Fund, the $30 million bond will support issuing loans to Black, Indigenous and people of color (BIPOC) housing developers under Enterprise’s Equitable Path Forward initiative. The bond, which is the first racial equity bond issued by a Community Development Financial Institution (CDFI), will enable U.S. Bank to help advance racial equity in underserved communities of color.

Holladay Ventures announced that Nathan Herber joined the firm as an architect and project manager. The company said Herber will support Evan Holladay and the team leading the planning and design of mixed-used communities, managing and being the liaison with design and construction partners, master planning design concepts and advancing sustainable design methods.