LOS ANGELES, CA – Weingart Center and Chelsea Investment Group, The Richman Group, a leading developer and syndicator of affordable housing, announced the grand opening of Weingart Tower 1, the largest homeless housing project in Los Angeles history. The grand opening held on June 19, 2024 featured the 278-unit, 19-story affordable apartment community in the heart of the Skid Row District which stands as a beacon of hope and a significant step forward in the city’s commitment to addressing homelessness.
Weingart Tower 1 is designed to provide secure and dignified housing for unsheltered individuals. The community offers 228 studio-apartments and 50 one-bedroom apartments, three of which are designated for onsite managers and 40 specifically reserved for veterans.
“We are incredibly proud to open the doors to Weingart Tower 1. It is more than just a housing project; it’s a community built on the foundation of compassion, dignity, and respect,” said David Salzman, President of The Richman Group Affordable Housing Corporation. “This critical project represents a monumental effort to provide high-quality housing and support services to some of our most vulnerable residents. By offering a stable living environment and access to essential services, Weingart Tower 1 aims to empower its residents, fostering a sense of community and belonging.”
Each Weingart Tower 1 apartment is fully furnished and complete with a full kitchen, private bathroom, television, and air conditioning. Community amenities include a fitness room, computer lab, career center, library, bike storage, laundry facilities, gardens and terraces and offers easy access to the LA metro. Residents of Weingart Tower 1 will also have access to a suite of supportive services such as life skill enhancement opportunities, counseling and advocacy service, substance use referrals, education and employment assistance, financial and budgeting assistance, pet and service animal support, and various health and wellness classes. The thoughtful design combined with the supportive services ensures that residents have everything they need to live comfortably and independently. The community aims to provide not just a place to live, but a place to call home.
“This grand opening marks a significant milestone in Los Angeles’ ongoing efforts towards ending the cycle of homelessness not just locally but beyond,” said Terry Gentry, EVP for The Richman Group Affordable Housing Corp. “Weingart Tower 1 is poised to serve as a model for future projects, demonstrating that with commitment and collaboration, we can make a lasting impact on the lives of those in need.”
Weingart Tower 1 is a collaboration between Weingart Center Association, a Los Angeles-based 501(c)(3) nonprofit agency that provides supportive services to individuals experiencing homelessness; and Chelsea Investment Corporation, one of the nation’s leading developers of affordable housing. The Richman Group is a co-developer and syndicated the Low-Income Housing Tax Credit Equity used to finance the project.

NEW YORK, NY – KKR, a leading global investment firm, announced that KKR has acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company, for approximately $2.1 billion.
The recently-built, Class A portfolio consists of over 5,200 units concentrated primarily in growing coastal and sunbelt markets including California, Washington, Florida, Texas, Georgia and North Carolina, Colorado and New Jersey. The portfolio is a mix of mid-rise and high-rise buildings featuring convenient access to urban, metropolitan areas, high-quality construction, modern amenities and excellent energy, water and waste efficiency.
“We are pleased to acquire this exceptional, well-located multifamily portfolio from one of the world s premier developers and owners of residential real estate, said Justin Pattner, Partner at KKR and Head of Real Estate Equity in the Americas. We believe this is a great moment to invest in real estate, as transaction activity starts to pick up on the heels of two-years of dislocation in commercial real estate markets. Across our platform we are finding opportunities where our scale, strong relationships, multiple pools of capital and local knowledge give us advantages as a buyer of large pools of high-quality, irreplaceable assets.
“Quarterra is known for their high-quality assets and we are thrilled to be working with them on this transaction, said Daniel Rudin, Managing Director at KKR. We like the fundamentals in this sector. This portfolio serves high-growth metropolitan areas across the country, where new supply will slow down significantly looking out beyond the next couple years. We are excited to invest in this portfolio.
KKR will work with leading multifamily operators, Carter-Haston, MG Properties and Dalan Real Estate to operate the assets. KKR is making its investment in this portfolio through capital accounts advised by KKR.
KKR was advised on the transaction by Gibson Dunn & Crutcher LLP. Quarterra was advised by Troutman Pepper Hamilton Sanders LLP and Jones Lang LaSalle.

TAMPA, FL – Hamilton Zanze, a San Francisco-based real estate investment firm that owns and operates multifamily communities nationwide, today announced it has purchased Jade at North Hyde Park, a 192-unit apartment community in the North Hyde Park neighborhood in Tampa, Florida. The acquisition closed on June 20 and marks Hamilton Zanze’s entry into the Florida market as it continues to expand its national portfolio.
“We are excited to announce our first acquisition in Florida,” said David Nelson, President and Chief Investment Officer at Hamilton Zane. “After monitoring the market for several years, we have secured an infill property in Tampa at a meaningful discount to replacement cost. This is the right asset, at the right time. We look forward to utilizing our broker and owner relationships to further expand HZ’s portfolio into Florida.”
Situated at 608 N. Willow Ave., Jade at North Hyde Park was built in 2022 and offers studio, one-, two-, three- and four-bedroom apartment homes. Units range in size from 463 square feet to 1,421 square feet. Apartment features include abundant natural lighting, stainless-steel appliances, quartz countertops, undermount sinks, vinyl plank and carpeted flooring, smart home systems, electronic locks, washers, dryers and built-in wine storage in select homes. Community amenities include a fitness center with strength and cardio equipment, independent co-working spaces and conference room, courtyard pool with adjacent outdoor yoga lawn, onsite pet spa, garage parking, secured parcel receiving room and bicycle storage.
Jade at North Hyde Park also offers an easy commute to downtown Tampa, The University of Tampa, Armature Works, Ybor City and the Tampa Riverwalk. In addition, the Green Spine urban commuter trail allows residents to walk or bike to restaurants and recreational attractions throughout the area.

ATLANTA, GA – ECI Group with joint venture partner, The Griffin Fund, celebrated the grand opening of the newly-developed, 300-unit, The Corwyn Conyers apartment community in Conyers, GA. ECI leaders and team members were joined by officials from the City of Conyers, Old Towne Conyers, and the Conyers-Rockdale County Chamber of Commerce to commemorate the strong response from residents to the modern and fully amenitized community.
ECI Development Vice President, Stephen Stover, welcomed the guests to the equine-themed ribbon-cutting, cocktail hour, reception, and open house that featured tours of the apartment models, saying, “ECI Group, along with our partners at The Griffin Fund, are so excited to present to the community The Corwyn Conyers, now almost 72% leased. The response to the architecture, expansive amenities, and well-appointed unit finishes has resulted in a groundswell of demand. We are pleased to provide first-class housing to folks considering moving to the I-20 East Corridor of Atlanta.”
The Corwyn Conyers features upscale one-, two- and three-bedroom apartments with modern amenities and aesthetics. Apartments feature include: Granite countertops and shaker-style cabinets; Electric Shlage unit entry locks; Modern GE Appliances; Plush carpeting in bedrooms; Tile backsplash and tub surrounds; and Two color schemes to choose from.
Located at Courtesy Parkway and Old Covington Highway, and adjacent to over 1 million square feet of retail shopping options, The Corwyn Conyers is one of the first new apartment communities to be developed in the quickly growing Rockdale and Newton County submarkets in 20 years.

ORLANDO, FL – Wood Partners, a leading national multifamily developer, has started construction on V by Alta, a luxury apartment community located at 10149 Arise Loop in Orlando. V by Alta will be five stories tall and is Wood Partners’ fifth community in the submarket; hence, the Roman numeral “V” in the name.
“V by Alta’s prime location benefits from tremendous drive-by visibility and access to some of Orlando’s most prominent employers across the corporate, hospitality and tourism sectors,” said Bryan Borland, Managing Director at Wood Partners. “We have continued to step up our game with each of our four prior communities in the vicinity, and V by Alta reflects the culmination of those efforts in bringing much-needed, high-quality rental housing to this dynamic submarket.”
V by Alta is located directly across the street from Darden Restaurants’ corporate headquarters and around the corner from the 500-acre Grande Lakes Orlando campus, which comprises two world-class hotels, The Ritz-Carlton and JW Marriott. The community’s 219 units will include a mix of studios, one-, two-, and three-bedroom floorplans. Construction is expected to be completed in the first quarter of 2026.
Upscale amenities at V by Alta include a lobby lounge; clubroom with kitchen and bar; café with stadium seating and a coffee bar; business lounge with micro offices and coworking spaces; fitness center with a yoga and Fitness On Demand room; game room with billiards table; resort-style pool with cabanas and pool pavilion with a wet bar; pet park with pet wash station; outdoor exercise equipment; gas fire table; grilling stations; bike racks; and electric vehicle charging stations. The fifth floor features a Fireworks Lounge, where residents can experience nightly fireworks from the nearby theme parks.

CAMBRIDGE, MA – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, the nation’s leading builder of luxury homes, along with joint venture partner PGIM, announced the grand opening of The Laurent, a new seven-story, 525-unit luxury mid-rise multifamily community in Cambridge, Massachusetts. Construction of The Laurent was financed through a $142 million construction loan facility from Wells Fargo Bank, N.A as Admin Agent, and BNY Mellon, and first occupancy began in October 2023. The community s grand opening celebration including a ribbon cutting event with local officials and development partners, as well as a reception for current and prospective residents.
“The Laurent represents our commitment to bringing luxury living to vibrant locations positioned for growth,” said John McCullough, President of Toll Brothers Apartment Living. “Together with our partners at PGIM, we have set a new standard of apartment living in Cambridge while expanding our footprint in the Boston area.”
The community boasts 21,000 square feet of amenity space, including two fitness centers along with a training studio, a saltwater pool with a lap lane and cabanas, landscaped courtyards, multiple coworking spaces, a social hub with functional bar and gaming lounge, and a rooftop deck with views of Fresh Pond and Boston.
“The Laurent offers an unparalleled living experience, blending modern conveniences with the charm of Cambridge,” said Will Adams, Regional Director of Acquisitions and Development for Toll Brothers Apartment Living in New England. “Residents will appreciate the thoughtful design and high-end finishes throughout the community, as well as the close proximity to all that Boston has to offer.”
The Laurent features a diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom apartments, along with townhomes. Each residence at The Laurent is designed with luxury in mind, featuring Caesarstone quartz countertops, hardwood-style flooring, stainless steel appliances, smart home technology, and floor-to-ceiling windows. Select residences offer balconies or patios and views of Boston.
Located at 55 Wheeler Street, The Laurent is just a ten-minute walk from Alewife Station, providing easy access to Kendall Square, Davis Square, and downtown Boston. The community’s prime location offers convenient access to numerous dining, shopping, and entertainment options.

SEATTLE, WA – Amazon is committing an additional $1.4 billion in funding to the Amazon Housing Equity Fund, bringing the total to more than $3.6 billion to fund more than 35,000 affordable homes across the Puget Sound region; the Arlington, Virginia / National Capital region; and Nashville, Tennessee. The extension of the Housing Equity Fund underscores Amazon s commitment to affordable housing and to helping thousands of families live closer to where they work or near transportation hubs, removing a major barrier to success.
In January 2021, Amazon launched the $2 billion Housing Equity Fund with the goal of creating and preserving 20,000 affordable homes across three of its hometown communities within five years. The Fund is designed to help moderate- to low-income residents access quality affordable housing. Amazon also announced today that it has exceeded its original goal two years early by providing $2.2 billion to create and preserve more than 21,000 affordable homes.
We created the Amazon Housing Equity Fund to preserve and create homes that will remain affordable for the next century, ensuring families can stay in their communities for generations to come, said Amazon CEO Andy Jassy. We hope that our additional commitment — coupled with other public and private resources — will help make a meaningful difference for thousands more people and enable these regions to thrive.
The Housing Equity Fund supports affordable housing developments focused on households that earn 30% to 80% of the area median income. That often includes first responders, teachers, health care workers, and others who may not typically qualify for subsidies but whose wages haven t kept pace with escalating rents.
Amazon is also intentional about creating greater economic equity by supporting diverse-led developers through the Amazon Housing Equity Accelerator, a free, eighteen-month program, designed to foster the careers of diverse real estate developers while lowering the barriers they often face. Amazon has invested over $25 million to support the program, which has graduated 38 diverse developers to date. Amazon is continuing to fund this program as part of today s announcement.
The 21,000 homes that the Fund has already helped to create and preserve will enable more than 46,000 residents to access affordable housing, and the majority of this housing will remain affordable for a century. The Fund is also designed to place this housing in areas that will positively impact these residents quality of life. For example, 92% of homes funded are near bus or rail stations to reduce transportation costs. In addition, while many new multi-family developments today consist primarily of studio and 1-bedroom units, 41% of the homes funded so far have two or more bedrooms to serve families.
Here s a snapshot of the progress to date across the Fund s three communities:

Helping create and preserve 9,500+ homes across the National Capital region and increasing Arlington, VA s affordable housing stock by 23%.
Funding a total of 8,600+ homes across the Puget Sound region in Washington and increasing affordable housing stock by 30% in Bellevue, WA.
Funding over 3,100 affordable homes across the Nashville, TN region.
Funding 32% of the projects in partnership with diverse-led developers from these communities.

While the initial $2.2 billion primarily supported affordable rental housing, the Housing Equity Fund is also piloting other ways to increase access to affordable housing. For example, in 2023 Amazon funded a $40 million program to make it easier for moderate-income residents to become homeowners, with the goal of creating generational wealth for historically underserved communities. Going forward, Amazon will continue to pursue new ways for the Fund to create positive housing outcomes for low- to moderate-income residents.

FARGO, ND – Gindi Equities announced the acquisition of the Osgood Townsite Apartments, a multifamily community in Fargo, North Dakota, from Property Resources Group. The purchase marks Gindi’s entry into the Fargo market, as the firm expands its national portfolio of premier residential assets.
Gindi plans to invest in a renovation program to modernize and enhance the Class-B property. Planned improvements include redesigned kitchens and bathrooms and upgraded building exteriors and grounds. Gindi will also implement sustainable elements and energy savings fixtures to increase efficiency and reduce utility costs. Property Resources Group will continue to manage and service the asset.
“Our strategic renovations will drive value and make Osgood one of the most sought-after housing options in the Fargo metro area,” said Al Gindi, President and Co-Founder of Gindi Equities. “Governor Burgum’s policies have made North Dakota a very attractive market to invest in. While this is our first acquisition in Fargo, we plan to continue to expand our holdings in this thriving market as we build a diversified portfolio across the country.”
With this acquisition, Gindi’s multifamily portfolio is valued at over $250 million and spans 2,000 units in the United States. Gindi aims to expand its portfolio to over $300 million in holdings by 2025 as part of the firm’s strategic growth plan. Over the past 12 months, Gindi has purchased nearly 500 apartment units in some of the best submarkets in the Southeast and Midwest. In addition to Osgood, other recent acquisitions include a multifamily community in Greensboro, NC.
Built in 2004, Osgood is located at 4901 44th Avenue South and encompasses 243 apartments ranging in size from one to three bedrooms. Features and amenities including individual garages, a playground, and easy access to Fargo’s employment hubs create a comfortable living experience for residents.
With a high-earning population and business-friendly environment, the Fargo metro area is a growing hub for the tech, agriculture and healthcare sectors. Located in Southwest Fargo, Osgood is surrounded by a vibrant community that continues to draw professionals and families with its quality schools, robust retail and entertainment options, leading healthcare facilities and easy access to both major interstates. In addition, a nine-hole golf course is adjacent to Osgood.

TAMPA, FL – Blaze Capital Partners announced the acquisition of Lector 85, a 254-unit apartment community located just minutes from downtown Tampa in Ybor City.
“It’s an incredibly challenging transaction market, but we are continuing to stay active finding compelling, long-term investment opportunities across the rental housing spectrum amidst this period of pricing dislocation,” said Eddy O’Brien, co-founder and managing partner of Blaze. “We believe we are entering an exciting acquisition cycle that presents an opportunity to acquire institutional-grade assets in great markets at attractive entry points. The acquisition of Lector 85 exemplifies our data-driven approach in identifying and capitalizing on market dislocations and unlocking value through customized asset enhancement strategies.”
Lector 85 is a Class A mid-rise apartment community built in 2021 and located within the culturally vibrant Ybor City submarket with walkability to abundant nightlife, entertainment, and restaurants. The community is strategically located on Selman Expressway, offering direct access to downtown Tampa and the region’s largest employers including the Port of Tampa, Tampa General Hospital, and the Westshore Business District.
Lector 85 offers residents studio, one, two, and three-bedroom apartments ranging from 518 to 1,255 square feet with unit features that include stainless-steel appliances, quartz countertops, full-size washer and dryers, and luxury vinyl plank flooring. Additionally, residents can enjoy the convenience of secured, direct entry parking and an extensive suite of amenities including a heated saltwater pool and grilling stations, a 24-hour fitness center, a pet spa for grooming, and various resident lounge areas. Blaze intends to invest additional capital into the community to further improve the resident experience and expand the ground-floor retail offerings.
“We’re thrilled with the acquisition of Lector 85 and are excited to execute our strategic business plan aimed at improving the community and delivering residents an exceptional living experience,” said Chris Riley, co-founder and managing partner of Blaze. “Tampa continues to be one of the most transformational markets in the country and a target investment market for us as we continue to prudently expand our footprint throughout the Southeast. This acquisition is a testament to our commitment to providing high-quality, strategically located rental housing that meets the evolving needs of residents.”
Blaze has continued to grow its housing portfolio significantly throughout the Sun Belt with a focus on multifamily, built-to-rent single family, and active adult housing segments. This acquisition follows the Company’s more recent acquisitions in Orlando and Charleston. Blaze expects to deploy capital opportunistically throughout the remainder of the year with an active pipeline of investments that align with its long-term strategic focus.

SAN ANTONIO, TX – SilverPoint Senior Living, a leader in senior living management, announced a strategic partnership with SGL Acquisitions and the acquisition of two significant properties, WestMark Senior Living in San Antonio and The Eastman Senior Living in Longview, TX, both formerly owned by Brookdale Senior Housing.
“SilverPoint’s rapid integration of the WestMark and The Eastman properties marks the beginning of a transformative phase. We are dedicated to enhancing these communities with innovative care and significant improvements aimed at elevating the quality of life for our residents,” remarked Shimon G. Levy, Principal of SGL Acquisitions. “Our approach focuses on nurturing resident well-being, fostering vibrant communities, and ensuring excellence in every aspect of our operations.”
SilverPoint Senior Living and SGL Acquisitions are committed to preserving the valued traditions of WestMark and The Eastman while implementing modern, thoughtful upgrades to enrich the living experience.
Residents, families, and the broader communities in San Antonio and Longview can look forward to a series of beneficial enhancements and developments as this partnership progresses. This venture marks a promising new chapter for both properties, ensuring the highest standards of senior care and living.
Shawn Corzine, CEO of SilverPoint Senior Living, expressed his enthusiasm for this new partnership, stating, “Adding WestMark and The Eastman to our growing family portfolio signifies the start of an exciting and fruitful collaboration with SGL Acquisitions. We are eager to continue enriching the lives of residents in San Antonio and Longview for many years to come.”
SilverPoint Senior Living is renowned for its commitment to high-quality senior living services and enhancing resident well-being. SGL Acquisitions, with its extensive expertise in real estate investments and operational management, is ideally positioned to contribute to a brighter future for WestMark and The Eastman.