SAN DIEGO, CA – Affirmed Housing announced that it celebrated the grand opening of Eastgate.  Located at 16 Creekside Drive, San Marcos, CA 92078, Eastgate is an affordable community serving low income families and veterans. 

The ribbon cutting event featured speakers: Mayor Jim Desmond, City of San Marcos; James Silverwood, President & CEO of Affirmed Housing; and Michael Gaber, COO of WNC, among others. 

A signature Affirmed Housing project, Eastgate offers sustainable, affordable housing paired with on-site services to improve the quality of life of its residents.

Eastgate consists of 42 units in studio, one-, two- and three-bedroom designs.  The affordable units, ranging from 577 to 1,546 square feet, are designated for those who earn 50-60 percent of San Diego’s area median income.  Units feature plank flooring and plush carpeting, fully equipped kitchens with stainless steel appliances, and ample windows for natural light.  Shared amenities include a clubhouse with kitchen, tech stations, a tot lot, barbecue areas, and laundry facilities. 

Residents will have case management services and access to educational programming.  The urban infill project also features eight commercial spaces for local businesses.  Eleven residences are designated as HOME units targeting income-qualified veterans. 

The project was designed by Dahlin group and built by Wermers Construction.  Landscape design was by Darsono Design Associates and the civil engineer was Masson & Associates.

James Silverwood, President of Affirmed Housing, states, “We’re very proud of Eastgate and pleased it is 100 percent occupied.  Close to public transit, and numerous amenities, Eastgate was possible because of Tax Exempt Private Activity Bonds and the 4 percent tax credit program.  As the House of Representatives considers cutting this program, we suggest they reconsider the negative impacts this repeal will have for persons of lower means here in California and throughout the Country.”

Headquartered in San Diego, Affirmed Housing is dedicated to improving and sustaining the viability of California through the development of affordable housing.  The company aims at enhancing communities and our environment by building dynamic, professionally-managed, high-quality green multifamily housing. 

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CHICAGO, IL – TGM announced the acquisition of TGM Danada, a 600-unit garden style apartment community in Wheaton, IL. The property, completed in 1991, is comprised of 27 residential buildings built on a 45-acre site. The unit mix offers one, two, and three bedroom apartments.

Among the distinctive attributes of TGM Danada are its market leading amenities and prime location with convenient access to shopping, entertainment and major employment centers that today’s renters demand. The property has attractive amenities with two heated swimming pools, an oversized clubhouse, multiple fitness centers, an outdoor kitchen with adjoining fire pit and lounge, spacious dog park and an indoor pet spa. Residents also have full access to a tennis court, sand volleyball court and business center.

TGM will materially upgrade the fitness centers and pool decks with state-of-the-art equipment and resort style furniture. TGM will also complete the renovation of all apartment interiors with new kitchen cabinets, countertops, appliances, lighting and hardware fixtures. Bathrooms will be renovated to match the finishes of the kitchen.

TGM Danada is conveniently located within a few miles of the I-88 East-West Tollway with over 40 million square feet of high quality office space that is occupied by a diverse group of Fortune 500 companies – Caterpillar, Nestle, Crate & Barrel, McDonalds, JP Morgan Chase and State Farm Insurance to name a few. Less than 30 miles west of Chicago and a small drive from the Wheaton Metra station, residents benefit from a lower cost of living and a hassle-free commute.

In addition to its accessibility to a plethora of major employment concentrations, its prime location also offers residents with unique walkable access to a myriad of retail amenities. TGM Danada residents have the ease of walking to upscale retail choices such as Whole Foods, Jewel-Osco, Starbucks, Banana Republic, Jos. A Bank’s, Talbots, Studio Movie Grill and several quick-casual dining options in adjacent shopping centers.

“We are pleased to expand our footprint in Chicagoland with the acquisition of TGM Danada. TGM is particularly attracted to this area because it is a high barrier to entry submarket with unparalleled accessibility to major employers, retailers, nationally ranked schools, key regional suburbs and downtown Chicago,” said Zach Goldman, Managing Principal and Director of Operations for TGM. 

TGM Danada is managed by TGMs’ property management company, TGM Communities.  Also owned and managed by TGM in the Chicagoland land area is TGM Park Meadows (Schaumburg), TGM Willowbrook (Willowbrook), TGM Springbrook (Aurora), and TGM McDowell (Naperville).

TGM Danada, formerly known as Crossings at Danada, was owned by Invesco Advisers, Inc. and managed by Lincoln Property Company.  Brokering the transaction was John Jaeger, Executive Vice President and Dan Cohen, Executive Vice President at CBRE.

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AUSTIN, TX – Wood Partners, a national leader in real estate development and acquisition, announced the groundbreaking of their new Austin, Texas development, Alta Tech Ridge. The 230-unit community will be located at the northwest corner of the intersection of Parmer Lane and Dessau Road.

Alta at Tech Ridge is well-positioned to benefit from the high concentration of both national and international employers. As of 2016, the area within a three-mile radius of the property boasts close to 50,000 daytime employees, and the population is expected to continue to increase. Alta at Tech Ridge is a small drive from North Austin’s premier mixed-use destinations, such as Tech Ridge Center and Stonehill Town Center, which provides residents with plentiful shopping and dining destinations.

“Wood Partners recognized the need for a premier community to provide housing for the influx of people moving to Austin to work in this expanding market,” said Bart Barrett, development director for Wood Partners. “We aim to keep the culture and vibe that Austin exudes while giving residents an enhanced living experience.”

Alta at Tech Ridge will provide state-of-the-art amenities, including fitness center, conference center, outdoor kitchen, dog park and resort-style pool and courtyard. All of the common areas will include wireless connectivity and will feature the latest in audio/visual technology.

The project will start pre-leasing in the spring of 2018 and is estimated to open in summer 2018.

Wood Partners is a national real estate development company that buys, develops, constructs and property manages high-density and mixed-use communities. It ranks consistently among the top five multifamily developers in the country. The company has been involved in the acquisition and development of more than 70,000 homes with a combined capitalization of more than $11.5 billion nationwide. The company currently owns 70 properties with a combined total of 20,000 units. Wood Partners has offices in 17 major markets nationwide.

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