LARKSPUR, CA – Catalyst Housing Group has bought two multifamily housing communities in Antioch and Dublin, expanding their innovative housing model across the East Bay. The transactions, completed in partnership with the California Community Housing Agency (CalCHA), will permanently transition the currently market-rate properties into rent-restricted housing serving middle-income households.
Catalyst’s properties target the “missing middle” – those who earn in excess of traditional affordable housing limits yet struggle to afford market-rate housing. “We’re proud to deliver critical affordability and sustainability to Antioch and Dublin,” said Jordan Moss, Founder of Catalyst Housing Group. “Both acquisitions provide opportunities to further our mission of housing California’s nurses, teachers, first responders and civil servants directly within the communities they serve.”
Aster, located in the City of Dublin, is directly adjacent to the West Dublin/Pleasanton BART Station. Bought for $163 million, and developed in 2017, Aster provides 313 luxury apartment units and more than 16,000 square feet of ground floor retail including Amakara, a renowned sushi restaurant with a significant following.
Mira Vista Hills, located in the City of Antioch, will undergo substantial renovations focused on building exteriors, unit interiors, common areas, and quality of life enhancements for residents, all while significantly reducing rents for middle-income households. Bought for $68 million, the 280-unit property had historically been bound by a regulatory agreement providing affordability across 20 percent of the property’s units. The sale of Mira Vista Hills to a market-rate buyer would have terminated the current affordability requirements. Catalyst’s acquisition will provide even deeper affordability across the entire asset while avoiding displacement of current tenants.
“The City of Antioch looks forward to its partnership with Catalyst Housing Group and the opportunity to provide more housing options for all segments of our community,” said Forrest Ebbs, Community Development Director for the City of Antioch.
Since launching their middle-income housing partnership in 2019, Catalyst and CalCHA have successfully bought in excess of $1.3 billion of premier multifamily rental communities throughout Northern California to help address California’s growing income inequality and the related middle-income housing crisis. Catalyst’s non-profit arm, the Essential Housing Fund, provides rent subsidies to essential workers, while it’s Catalyst Innovation Lab pilots and scales modern solutions, tools and partnerships that drive operating margins, building efficiencies and portfolio sustainability.

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CHARLOTTE, NC – Charlotte, NC based Exponential Equity announced its acquisition of LaDeara Crest Estates in Winston-Salem, NC. The property is located right in the heart of Winston-Salem, North Carolina.
The garden and cottage style property is located on Bowen Boulevard, adjacent to Winston-Salem’s regional Smith Reynolds airport, with simple access to New Wilkerson Road, just minutes away from Downtown Winston-Salem. The new owners intend to complete a deferred maintenance correction program and to maximize revenue generation through effective management.
The property benefits from an outstanding location just minutes from Winston-Salem’s downtown core, and is also located in a federally designated opportunity zone within Winston-Salem. Winston-Salem has a diverse and growing economy, with healthcare, manufacturing, retail trade, technology, construction, and finance & insurance comprising the largest sectors of the workforce.
Exponential Equity is bullish about the Winston-Salem market, as it is one of the strongest markets in the Southeast and throughout the entire country. The Southeast markets are experiencing a high growth period which should carry on for the foreseeable future with strong employment growth and increasing population.
“This is a fantastic acquisition for our investors. With LaDeara Crest, we have bought a best-in-class Tax Credit property which offers numerous community programs and amenities for its residents. As always, our focus is on buying at the right price, adding value, and at the same time offering fantastic service to our tenants, and this community provides a fantastic foundation for execution” says Hemal Badiani, Managing Partner with Exponential Equity.
The property will be managed by Trinity Multifamily, a professional property management company with an existing presence in the Winston-Salem market and a strong presence throughout North Carolina and the Southeast.

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NORFOLK, VA – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of a 56-asset multifamily portfolio for $390 million. The portfolio contains well-maintained, single-tale workforce housing properties throughout the eastern United States. Image Capital, LLC, partnered with HGI on the transaction.
The portfolio consists of 5,490 units across five states. Approximately 70% of the properties are located in Florida and Ohio, where HGI already has a significant footprint. Other properties are located in Indiana, Kentucky and Pennsylvania.
HGI plans to invest $25 million in capital improvements and enhancements to the properties, including $3.6 million on unit renovations.
“The portfolio demonstrated strong performance amid the economic downturn resulting from the pandemic, maintaining high occupancies and rent growth, and presenting an attractive opportunity for HGI,” said Richard Litton, President, HGI. “This acquisition is indicative of our value-add approach and HGI’s ability to identify diverse and valuable opportunities in strong markets for our investors.”
Henry Bodek of Galaxy Capital served as broker for the transaction.

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