ATLANTA, GA – Atlanta Housing and its city partners broke ground on the Juanita H. Gardner Village, a new construction project that will make 108 independent living senior units in a three-tale elevator building in the Adamsville neighborhood. Ms. Gardner, after whom the project is named, is a long-time neighborhood association leader.
“All 108 of these units are affordable, and we’re proud to be able to collaborate with Invest Atlanta, the City of Atlanta and the Georgia Department of Community Affairs in making these vitally needed senior units,” said Eugene E. Jones, Jr., president and CEO of Atlanta Housing.
The project is being financed through the AH-Invest Atlanta Co-Investment fund with an investment by AH and tax-exempt bonds from Invest Atlanta as well as 4 percent Low Income Housing Tax Credits from the Georgia Department of Community Affairs (DCA). The project is being built on a vacant site at 3650 Bakers Ferry Road. To ensure long-term affordability, AH bought the project site and is providing a long-term ground lease at a nominal rate to the owner entity.
“Our Administration’s affordable housing efforts include a commitment to ensure affordability is attainable for our legacy residents, and this new development does that,” said Mayor Andre Dickens. “With the investments and efforts from Atlanta Housing and Invest Atlanta, Juanita H. Gardner Village provides legacy residents in Adamsville with access to housing so they can remain in the community they helped build.”
Formerly to be known as Harmony at Bakers Ferry, the project was renamed at the community’s request after the longtime community activist. The project closed on its financing on June 17, 2022 and is scheduled for a 14-month construction period.
“The Board of Commissioners want to salute Juanita H. Gardner for her outstanding community leadership over many decades,” said Tené Traylor, interim chair of the Atlanta Housing Board of Commissioners. “This project and others like it will help ensure that Atlanta is a city where economic opportunity is abundant for everyone, a city where affordability isn’t a luxury, and a city that is prepared to lead into the future.”

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HOLLAND, MI – The retirement community West Michigan seniors have been keenly awaiting is finally underway. The first shovel hit the ground on August 22, 2022, marking the beginning of construction of The Farmstead by Resthaven, the visionary behind the project.
The Farmstead by Resthaven, a new Independent Living and Helped Living campus serving the greater Holland community, will be situated on the nearly 40 acres of vacant property near Van Raalte Park. Surrounded by nature and walking trails, it will provide a cool, silent setting, while inviting plenty of opportunities for recreation, activities, and friendship building.
The sizable property accommodates a variety of residence styles, from single-family homes to duplexes to apartment buildings. All residences are designed to be spacious and modern, with open, accessible floor plans. Private rooms in the onsite helped living and memory care building are also an option. No matter which housing option residents choose, they’ll have the peace of mind of guaranteed access to Resthaven’s continuum of care.
Though all the standalone homes are reserved, there are still a small number of apartments available. Those interested in securing a space are encouraged to contact Resthaven straight away.
“We are so excited to finally delight in maintenance-free living, after decades of mowing, shoveling, and home repair,” say future residents Dave and Donna Hupe­­­­­­­­­­­­­­­. “When we chose to downsize, we really wanted a place where we could truly delight in our retirement. The Farmstead offers everything we’re looking for.”
Another appealing feature of The Farmstead by Resthaven is the clubhouse, where residents can socialize, take classes, delight in meals, and more. The Farmstead is also minutes away from the shops, eateries, and entertainment of downtown Holland.
“We heard clearly that seniors in Holland want to stay actively involved in their community,” said Deedre Vriesman, President and CEO of Resthaven. “The Farmstead is in direct response to the need for more independent living and helped living memory care in our community. Resthaven has been dedicated to caring for seniors for over 75 years and we are excited for The Farmstead which will help us do so for years to come.”
Resthaven, the only faith-based, non-profit senior healthcare and living organization in Holland, has been a fixture in the community for more than 75 years. They’ve seen the needs of seniors first hand and have continually evolved their outlook and offerings to stay relevant—and be the resource today’s families require. Knowing that seniors expect to have active, engaging retirement years, they’ve made The Farmstead as a Life Plot Community, where lifestyle, relationships, and physical and emotional wellbeing are priorities. With the added benefit of Resthaven’s continuum of care, which includes helped living, long-term nursing care, memory care, rehabilitation, and home care, residents will have the support they need now or anticipate needing in the future.
The Farmstead has been in design and plotting since early 2019. Development of the project was slowed by the pandemic, but demand for the new units at The Farmstead remained high. The project is being designed by Atlanta, GAbased architecture firm, THW Design. EV Construction will serve as the project’s Construction Manager. EV anticipates having hundreds of local workers engaged in the construction process over the next 18 months.
John Parker, EV Construction’s Vice President of Project Development shared, “EV Construction and Resthaven both celebrated 75 years of business during the pandemic. Our organizations have worked together for most of those years. As the world moves past the worst of the pandemic, we look forward to starting this next exciting project together.”
Construction of The Farmstead by Resthaven will continue through 2023, with a grand opening expected in 2024. Resthaven recently celebrated the grand opening of The River Place, an independent living apartment residence that’s also a Life Plot Community. Located amid the excitement of downtown Holland, this modern complex further demonstrates Resthaven’s commitment to serving and responding to the needs of today’s seniors.

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CARY, NC – An affiliate of Walton Street Capital originated a $69.8 million loan to a partnership between The Bainbridge Companies and Virtus Real Estate Capital for the acquisition of Aventura Crossroads, a 344-unit apartment community located at 1010 Legacy Village Drive in Cary, NC.
Built in 2009, the garden-style multifamily property is currently 98% occupied. The Property includes a variety of one-, two-, and three-bedroom floorplans offering large units that average 1,154 square feet. Amenities at the Property include a recently renovated clubhouse, upgraded fitness center, pet spa and outdoor pool. Aventura Crossroads is located adjacent to numerous retail and dining offerings and is nearby to Fenton, a 92 acre newly delivered, mixed-use development. The Property also offers convenient access to both downtown Raleigh and the booming tech and life science driven Triangle market.
This was an attractive opportunity to finance the acquisition of a very well-maintained multifamily asset in an established yet rapidly growing market for two respected and experienced sponsors. We are excited to grow our relationship with both the Bainbridge and Virtus team, said Hilary Caudle, Vice President with Walton Street.
This loan exemplifies our core strategy of originating loans to knowledgeable sponsors on multifamily assets in markets that exhibit nation leading employment and population growth. The Property has strong in place credit metrics with attractive lease trade-out trends that will drive additional growth, added Luke Goodwin, Senior Principal with Walton Street.
In 2022, Walton Street affiliates have closed or are in process of closing loans on multifamily projects totaling approximately 4,868 units across multiple high-growth markets.

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