COLUMBUS, OH – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on Landmark on Scioto, a new affordable housing community in Columbus, Ohio. The development marks LAC’s first ground-up construction project in the State of Ohio and will provide 321-units of high-quality, affordable housing to residents earning up to 60% of the area median income (AMI).
“LAC is proud to partner with state and local leaders to deliver homes that support families, strengthen neighborhoods and contribute to Columbus’ long-term vitality,” said James Riley, LAC Vice President and Regional Project Partner. “Landmark on Scioto represents a meaningful investment in this community, and we look forward to providing high-quality, affordable housing to the individuals and families who call Columbus home.”
Situated on 44.5 acres, Landmark on Scioto is a Build-to-Rent (BTR) community of one- and two-tale buildings featuring 321 2-, 3- and 4-bedroom homes. Communal amenities will include a fitness center, pool, clubhouse, outdoor eating and grilling areas and a variety of open spaces throughout the community. LAC also plans to dedicate roughly 7 acres of the site to the City of Columbus, which will ultimately be converted into a public park.
Riley was joined at the event by local leaders and elected officials, including U.S. Representative Mike Carey (OH-15), Ohio Housing Finance Agency Executive Director Bill Beagle, and OCCH President and CEO Catherine Cawthon.
“Landmark on Scioto marks a significant advancement of the OCCH mission to make affordable, sustainable communities that empower residents and enhance their quality of life,” said Catherine Cawthon, President and CEO of OCCH. “It is a wonderful example of the commitment our partners have made to the Columbus community.”
“We are grateful to our partners and stakeholders for their support in expanding access to high-quality affordable housing in Columbus, and we look forward to seeing the lasting impact this development will have on the residents it serves,” added Riley.
Construction on Landmark on Scioto is underway, and the community is expected to start leasing in the summer of 2026, with full completion expected in 2028.

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DALLAS, TX – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Ardan community in Dallas, TX. Built in 2018, the Class A, 389-unit high-rise community is located in the desirable West Village neighborhood of Uptown Dallas.
Knightvest plans to implement a comprehensive value-add renovation program at Ardan, investing significant capital to modernize the large indoor amenity space, including a full upgrade of the clubhouse, fitness center, and pool area to better compete with newer luxury product in the submarket. A select number of units will also be renovated to a premium end level, complemented by enhancements to common areas, landscaping, and technology offerings such as smart home features and bulk Wi-Fi. Together, these improvements are designed to elevate the resident experience and firmly position Ardan within the top tier of the Uptown Dallas market.
“At Ardan in Uptown, we are genuinely excited to continue our strategy of acquiring premier institutional-quality properties at deep discounts to replacement cost. These opportunities allow us to deliver exceptional value to our investors while positioning high-quality assets for long-term growth and outperformance in a recovering market,” said David Moore, Knightvest founder and CEO.
Situated in one of Dallas’ most affluent and walkable neighborhoods, Ardan provides residents with immediate access to Uptown, Downtown, Knox/Henderson, and the Katy Trail. The acquisition further deepens Knightvest’s footprint in Dallas’ urban core, positioning the firm to drive performance through concentrated market knowledge and a proven track record of execution.

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ST PETERSBURG, FL – National multifamily developer Wood Partners officially closed on Alta Roosevelt in St. Petersburg, Florida. The centrally located 381-unit multifamily community is slated to break ground in May and deliver in April 2028.
Alta Roosevelt was entitled through the City of St. Petersburg’s affordable housing code and Florida’s Live Local Act, which allows for multifamily development on sites not originally zoned for residential use. As part of the project, 40% of the units will be reserved for residents earning at or below 120% of the area median income, helping meet demand for attainable housing in the market. The development will involve demolishing the existing office building, while the structured parking garage will be retained and upgraded to serve future residents.
“We’re looking forward to partnering with the City to deliver much-needed, high-quality attainable housing to the area,” said Tyler Hurd, managing director at Wood Partners. “There’s strong demand in St. Petersburg, and this project not only provides modern living options, but also makes spaces that help residents connect with the broader community.”
Alta Roosevelt is situated on 11.56 acres along Roosevelt Boulevard in the Gateway district, just 10 minutes north of downtown St. Petersburg, offering convenient access to major employment hubs and surrounding neighborhoods. Additionally, the site directly abuts the Power Design headquarters campus, a prominent Tampa Bay–based company, which includes a publicly accessible park and trail system, and is located near the Raymond James and Jabil office campuses, two of the region’s largest employers.
The five-tale community will feature a mix of one-, two- and three-bedroom apartment layouts. Amenities include a resort-style pool, grilling stations, garden pavilions, a state-of-the-art fitness center and a wellness-focused spa area with a cold plunge and sauna. Residents will also have access to a clubhouse with co-working spaces, a game room, lounges and a golf simulator.

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