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Architectural rendering of Waterford Property Company’s 75-unit affordable housing community at 1397 California Circle in Milpitas, California, illustrating the five-story residential project announced at its groundbreaking.
DevelopmentMultifamilyAffordable

Waterford Property Company Breaks Ground on 75-Unit Affordable Housing Community in Milpitas, California

Waterford Property Company has commenced construction on a 75-unit affordable housing development in Milpitas, California, financed through 4% Low-Income Housing Tax Credits and private activity bonds. The five-story project at 1397 California Circle is part of a larger master-planned community and is slated for delivery in early 2028.

•Waterford Property Company
Architectural rendering of Stevens Creek, the planned 311-unit multifamily community that Rockpoint Group and Holland Partner Group are developing at 3896 Stevens Creek Boulevard in west San Jose.
Joint Ventures

Rockpoint Group and Holland Partner Group Form Joint Venture to Develop 311-Unit Multifamily Community in San Jose

Rockpoint Group and Holland Partner Group have entered into a joint venture to develop Stevens Creek, a 311-unit multifamily community at 3896 Stevens Creek Boulevard in west San Jose. The project, slated for completion in 2029, will include approximately 6,000 square feet of ground-floor retail and targets Silicon Valley's supply-constrained rental market.

•MultifamilyMixed UseRetail
Joint Ventures

Kansas City Chiefs and Hunt Midwest Form Two-Point Development JV for Mixed-Use Districts in Kansas City and Olathe

The Kansas City Chiefs and Hunt Midwest announced Two-Point Development, a joint real estate venture that will serve as master developer for mixed-use districts surrounding the franchise's planned NFL stadium in Kansas City, Kansas, and a new headquarters and training facility in Olathe, Kansas. Hunt Midwest Senior Vice President Aaron Schmidt is the contact for development opportunities at the venture.

•Hunt Midwest

More News

Pennrose Properties representatives and community partners gather outside Tandem in Providence for the ribbon-cutting ceremony marking completion of the 61-unit affordable and workforce housing development.
DevelopmentMultifamilyAffordable+1

Pennrose Properties Completes 61-Unit Tandem Affordable Housing Development on Former I-195 Land in Providence

Pennrose Properties has completed Tandem, the second phase of a mixed-income multifamily development on former Interstate 195 land in Providence, Rhode Island, adding 61 affordable and workforce housing units to the Fox Point neighborhood. Combined with the first phase, Tempo, the two-building Parcel 9 project now totals 127 apartments at 55 George M Cohan Boulevard.

•National Equity Fund
Project partners and officials gather for the ribbon-cutting ceremony opening Legacy at Herndon Square, Pennrose LLC, Atlanta Housing, and Hunt Companies’ 201-unit mixed-income community in Atlanta.
DevelopmentMultifamilyMixed Use+2

Pennrose LLC, Atlanta Housing, and Hunt Companies Open 201-Unit Mixed-Income Legacy at Herndon Square in Atlanta

A public-private partnership led by Pennrose LLC, Atlanta Housing, and Hunt Companies has completed Legacy at Herndon Square, a 201-unit mixed-income rental community at 527 Herndon Square Ave in Atlanta's Westside. The project marks the second phase of the five-phase redevelopment of the former Herndon Homes public housing site, with financing from the Urban Residential Finance Authority of the City of Atlanta, Invest Atlanta, and Truist Bank, among others.

•Pennrose Properties
An aerial architectural rendering of the Max Euwe Kwartier in Rotterdam's Brainpark district, the mixed-use development containing the 529 apartments and commercial space covered by Heimstaden Bostad's forward purchase agreement.
Property TransactionsMultifamilyMixed Use

Heimstaden Bostad AB Agrees Forward Purchase of 529-Unit Multifamily Portfolio in Rotterdam's Brainpark District

Heimstaden Bostad AB has signed a forward purchase agreement with Rotterdam-based developer Bakkers|Hommen for 529 new-build rental apartments and approximately 5,400 square meters of commercial space within the Max Euwe Kwartier development in Brainpark. The transaction covers three of four buildings in the first phase of the mixed-use scheme, with construction already underway.

•Bakkers | Hommen
Architectural rendering of The Lumberyard, The Michaels Organization and Kyuden Urban Development America’s planned five-story mixed-use development at 500 G Street in downtown Davis, California.
DevelopmentMultifamilyMixed Use+2

The Michaels Organization, Kyuden Urban Development America Break Ground on $88 Million Mixed-Use Development in Downtown Davis

The Michaels Organization, Kyuden Urban Development America, and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development broke ground Sept. 1, 2026, on The Lumberyard, an $88 million, 239-unit mixed-use multifamily development in downtown Davis, California. The five-story mid-rise rises on the former Hibbert's Lumberyard & Hardware Store site at the corner of G Street and 5th Street.

•The Michaels Organization
Architectural rendering of Rushmark Properties' proposed 305-unit, seven-story apartment community at 7040 Haycock Road in Falls Church, supported by FCP's $22 million preferred equity investment.
FinancingMultifamilyMixed Use

FCP Provides $22 Million Preferred Equity for Rushmark Properties' 305-Unit Transit-Oriented Development in Falls Church

FCP has provided $22 million in preferred equity through its Structured Investments platform to support Rushmark Properties' 305-unit, seven-story apartment development adjacent to the West Falls Church Metro Station. The project is part of a 42-acre master-planned mixed-use redevelopment spanning two Northern Virginia jurisdictions, with a total capitalized cost of approximately $136 million.

•FCP