FAYETTEVILLE, NC – WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry joined Resource Housing Group, Inc. and East Carolina Community Development, Inc. to celebrate the grand opening of Cliffmore Park, a new 72-unit affordable housing community for adults ages 55 and older located at 5133 Identity Lane in Fayetteville, NC.
Supported through the Low-Income Housing Tax Credit (LIHTC) program and serving households earning 40%, 50%, and 60% of Area Median Income (AMI), Cliffmore Park expands access to high-quality affordable senior housing. Cliffmore Park is WNC’s second affordable housing investment in Fayetteville, and the company invested approximately $6.5 million in equity to support the development.
“Cliffmore Park reflects the power of thoughtful partnerships to make housing that allows seniors to age with dignity, independence, and stability,” said Ryan Thayer, assistant vice president of originations at WNC. “We are grateful to Resource Housing Group, East Carolina Community Development, and our financing partners for helping bring this community to life. Together, we have made quality affordable housing with the amenities, services, and accessibility features that support healthy and connected lives.”
The new construction community consists of a three-tale, elevator-served building featuring 36 one-bedroom and 36 two-bedroom units. Each apartment includes ceiling fans, washer and dryer hookups, central air conditioning, a dishwasher, a self-cleaning oven, a range hood, and emergency call buttons. Private storage is available, and the development was constructed to meet ENERGY STAR Multifamily New Construction Program certification standards.
Shared spaces include on-site management offices, multiple lounges and seating areas on each floor, a multipurpose room with a kitchenette, a computer center, an exercise room, and laundry facilities. Outdoor amenities include a covered porch, gazebo, patio with picnic tables, and additional seating areas.
The community offers convenient access to transportation, shopping, healthcare, a senior center, and recreation, and a Fayetteville Area System of Transit (QUICK) bus stop is steps from the property.
In addition to serving seniors, 10% of the community’s units are designated through North Carolina’s Key Rental Help Program (KEY), which provides housing opportunities for individuals experiencing homelessness and people with disabilities.
Financing for the development included a construction loan from ServisFirst Bank, a permanent loan from Centrant Community Capital, a Rental Production Program loan from the North Carolina Housing Finance Agency, and a loan from the City of Fayetteville.

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BRAINTREE, MA – John M. Corcoran & Co. launched leasing last week at Dexter Street Commons, a new construction 150-home apartment community with ground floor retail in the Conant Thread District of Pawtucket, Rhode Island. Built by New England Construction, the 5-tale property will be managed by John M. Corcoran & Co. and expects to start go-ins late August.
Dexter Street Commons features spacious studio, one-bedroom, and two-bedroom units accessed via two lobby elevators. With varied layouts designed for remote work, the homes all include stainless Energy Star-rated kitchen appliances, energy saving LED lighting, and independent heating and cooling systems. Thirty of the apartments are designated as workforce housing for qualified individuals or families.
Dexter Street Commons was designed around how people want to live today, whether they re commuting to Providence or Boston, working remotely, enjoying neighborhood dining and shopping, or simply seeking a home that supports their well-being, said Kelli Ahearn-Lucas, Assistant Marketing Director at John M. Corcoran & Company. From the co-working spaces and lounges to the commuter-friendly location and wellness-focused design, this community offers residents a place to truly live, work, and thrive.
The pet-friendly building has been built with high-demand amenities that include high-speed IoT internet, private networking, co-working spaces, indoor lounge, sprawling roof deck, touchless access, a package room, bike storage, personal storage and EV charging. Additionally, the ground floor will feature large retail spaces to support the bustling downtown Pawtucket area.
Located one block from the new Pawtucket/Central Falls commuter rail and bus hub, this transit-oriented mixed-use property is a pioneering “Live Well, Be Well” community in the Conant Thread District. With simple access to Pawtucket, Boston, Providence, and TF Green Airport, it offers a live, work, stay, play, and belong lifestyle. The design prioritizes environmental sustainability and resident well-being.

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SOMERSET, NJ – Affiliates of Harbor Group International (HGI), a leading global real estate investment and management firm, announced the sale of Grove at Somerset, a 384-unit multifamily community in Somerset, New Jersey. CBRE facilitated the off-market transaction.
Built in 2013, the community is located in one of Central New Jersey’s most desirable suburban multifamily markets, offering convenient access to major employment centers and transportation corridors, including Interstate 287 and Route 27.
During its ownership, HGI executed a targeted value-add strategy, focused on elevating the resident experience and driving revenue growth. Capital improvements included renovations to unit interiors and select community upgrades to position the property to capitalize on the area’s strong renter demand and healthy multifamily fundamentals.
“This sale reflects the successful execution of our business plot for Grove at Somerset and the resilience of Central New Jersey’s multifamily market,” said Lane Shea, Managing Director at HGI. “Over the past several years, multifamily transaction markets have faced considerable headwinds, making disciplined asset management and timing increasingly vital. Through active management and strategic investments in the community, we’ve strengthened the property’s competitive position and ultimately delivered a successful outcome on behalf of our investors.”
Leveraging its integrated national platform, HGI continues to be one of the most active participants in the U.S. apartment market. The firm ranked as the No. 1 multifamily buyer in 2025 according to MSCI and was named the No. 15 apartment owner in the nation on the National Multifamily Housing Council’s Top 50 Owners list.

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