LIVERMORE, CA – Catalyst Housing Group and the California Community Housing Agency announced the $49 million acquisition of The Arbors, a 162-unit rental property in Livermore, CA. In addition to investing $5 million in significant interior, exterior and common area enhancements, Catalyst and CalCHA will transition the currently market-rate property to a rent-restricted community serving middle-income households earning no more than 120% of Alameda County’s median income.
“The Arbors is what most in the apartment industry would call a value-add investment opportunity, which often results in significantly higher rents and displacement of the existing tenant population,” said Jordan Moss, Founder of Catalyst. “Our unique partnership with CalCHA protects existing tenants from the threat of displacement, provides our public partners with an immediate supply of desperately-needed middle-income housing, and guarantees the future affordability of that housing by placing palatable caps on future rental increases.”
Founded in 2015, Catalyst delivers greater affordability to the middle-income essential workforce through the acquisition, development and management of rent-restricted apartment communities. Upgrades to The Arbors will reflect Catalyst’s commitment to enhancing the lives of its residents through its focus on the intersection of housing, innovation and social impact. In addition to driving incremental affordability through the introduction of innovative multifamily management solutions, tools and partnerships, Catalyst will partner with its nonprofit arm, the Essential Housing Fund, to provide discounted rental rates to local public-school teachers.
“California is desperate for quality housing like this for the middle-income workforce,” said Linda Mandolini, President of Eden Housing, a non-profit leader in the provision of high-quality affordable housing. “Catalyst’s innovative capital structure complements the work the non-profit housing providers are doing while not eating up any of our resources. They can buy and offer middle-income housing quickly, making real solutions for this key segment of the population.”
Originally developed in 1985 as a market-rate rental community, a part of The Arbors was restricted to low-income households in 2002. But, The Arbors’ affordability covenants expired in 2012, at which time it reverted to a fully market-rate property.
“The City of Livermore shares common goals with Catalyst and CalCHA of making and preserving housing for the missing-middle,” said Livermore Mayor John Marchand. “On behalf of the City, I am thrilled that the much-needed affordability that ‘The Arbors’ once provided will not only be restored, but will be expanded such that 100 percent of the property will perpetually serve our essential middle-income households.”
Since launching their middle-income housing partnership in 2019, Catalyst and CalCHA have successfully bought in excess of $550 million of premier multifamily rental communities throughout Northern California. These formerly market-rate properties – The Arbors (Livermore, CA), Serenity at Larkspur (Larkspur, CA), Verdant at Green Valley (Fairfield, CA) and Annadel Apartments (Santa Rosa, CA) – have all since been converted to rent-restricted communities serving middle-income households.
“As a Mayor and advocate for healthy communities for the past six years I know the importance of making and maintaining affordable and workforce housing,” said Mayor David Haubert of Dublin, CA. “I’m encouraged to see this model take shape in the Tri-Valley area.”

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SANFORD, FL – Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, anticipates Sanford’s first new affordable housing complex in several years to open in October. Built on the site of the former Redding Gardens public housing development, Georgetown Square will give precedence to former Redding Gardens residents.
Seniors interested in the new Georgetown Square site, to be located at 400 S. Locust Ave., can start applying for housing as early as Monday. The $14.8 million apartment complex, with funding chiefly from housing credits, will include 90 one- and two-bedroom apartments.
The Sanford Housing Authority and Duvernay + Brooks served as development partners for the project and Winter Park Construction provided general contractor services. Stratford Capital and TD Bank are financial partners for the development.
“We are proud to jumpstart the first affordable housing complex in Sanford in years and look forward to revealing the transformation of this site into a modern apartment community this fall,” said Michael Gardner, President and CEO of Gardner Capital. “We hope this is the start of more much-needed affordable housing development in this area.”
Royal American Management will be property manager for the Georgetown Square senior apartments, which will include a fitness room, library, covered picnic area, multipurpose room, walking path and community garden.

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SAN FRANCISCO, CA – Paramount Group and SRE Group announced the official topping off of San Francisco’s only new ultra-luxury waterfront condominium tower, One Steuart Lane. Rising from one of the most premier sites on the West Coast and touting unobstructed views of San Francisco’s historic Bay Bridge and Ferry Building, One Steuart Lane reached its vertical height of 220 feet as the 20-tale, 120-unit tower continues to be developed as one of the last newly constructed residential buildings on San Francisco’s prized Embarcadero.
One Steuart Lane celebrates this significant milestone following a 2018 groundbreaking and ahead of an estimated 2021 completion date. Considered a once-in-a-lifetime, generational opportunity to own an iconic piece of San Francisco, the premier stone and glass building will redefine the city’s skyline while introducing a rare collection of elegant one- to three-bedroom ultra-luxury residences and private outdoor living spaces unlike any other in the city of San Francisco.
Featuring influential architecture and residential interiors by renowned architecture firm Skidmore, Owings & Merrill (SOM), with timeless public space interiors curated by Rottet Studio showcasing iconic European brands Molteni Group and LIAIGRE, One Steuart Lane exhibits a global level of sophistication. Meticulously designed to maximize bay views, the building draws inspiration from its natural surroundings using timeless, high-quality materials, captivating color palettes and intentional sustainable design. One Steuart Lane’s panoramic views, expansive terraces, and evocative light, color and textures make an unparalleled connection to the water’s edge, producing a new, superior level of California living.
“It has been an incredible journey realizing the architectural masterpiece that is One Steuart Lane,” said Chris Brandt, Senior Vice President of Asset Management, Paramount Group, Inc. “The project mirrors the city of San Francisco by being firmly rooted in a sense of place with effortless simplicity and authenticity. Future residents will envelop a stronger connection to the city and its bountiful surroundings in a way that will never be replicated.”
Unique to any residential building in San Francisco, One Steuart Lane’s exterior façade is made up of luminous solid Italian travertine stone and ultra-clear glass. Cantilevered cubes outline the building, intentionally stacked to preserve resident views and make a balance of lines, delivering unique layouts and terraces to residents. With its use of low carbon materials and minimally reflective glass allowing for abundant sunlight and reduced energy consumption, the building is plotting to become one of San Francisco’s only ultra-luxury residential buildings to hold a prestigious LEED® Gold certification.
“One Steuart Lane is one of the West Coast’s most incredible places to live,” said Craig W. Hartman, Senior Consulting Design Partner at SOM in San Francisco. “The architectural massing of the building, along with its unparalleled site delivers landmark qualities. We are immensely proud to reach this milestone and draw closer to unveiling one of San Francisco’s most iconic residential towers.”
One Steuart Lane’s exclusive residences range from approximately 839 to 3,000 square feet in size with penthouse residences up to approximately 6,200 square feet. Priced from approximately $1.6 million to over $10 million, the residences boast floor-to-ceiling glass windows and over nine-foot ceiling heights offering luxurious, yet understated, flexible indoor and outdoor spaces with breathtaking vistas of the landmark Bay Bridge, Alcatraz, Ferry Building and city’s vibrant art and culture scene. Unique to One Steuart Lane, a never-before-seen collection of 12 premier terrace residences are being sold offering sprawling 40-foot private wraparound terraces and towering sliding glass panels making seamless indoor/outdoor living spaces. Residences will feature Dada kitchens by Molteni Group with striking white marble island and kitchen counters complimented by platinum matte Dornbracht fixtures and a premier collection of Gaggenau and Miele appliances. Ultramodern, free-standing tubs and sleek Dornbracht platinum matte fixtures extend into the bathrooms complete with Dada custom cabinetry by The Molteni Group.
Future residents will delight in an expansive collection of amenities including a staffed lobby with 24-hour concierge and valet services and contemporary public spaces adorned with LIAIGRE pieces, meticulously curated by Rottet Studio. A flexible indoor/outdoor second floor residents’ lounge will be adjacent to a gourmet kitchen and dining room complete with a lush Terrace Garden and outdoor barbeques overlooking Cupid’s Span and the bay. Owners will also delight in a state-of-the-art indoor/outdoor Wellness Center which includes a gym, outdoor hot spa, Effegibi sauna and steam room, and state-of-the-art vertical shower system with massage jets and optional aromatherapy. At the ground level, a perfectly designed lobby experience will be offered alongside an approximately 4,500-square-foot retail space.
One Steuart Lane’s 5,000-square-foot Sales Gallery is now open and accepting private showings by appointment only. Interested buyers can browse captivating interactive visuals and an immersive right-to-life model residence featuring interior furnishings by LIAIGRE, and custom Dada kitchen and bathroom cabinetry from The Molteni Group.

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