SAN DIEGO, CA – Affirmed Housing, People Assisting The Homeless (PATH) Ventures, elected officials, and development partners celebrated the Grand Opening of Villas on the Park in downtown San Jose, CA. The highly anticipated project opening included speakers: Cindy Chavez, Santa Clara County Supervisor; Mayor Sam Liccardo, City of San Jose; Councilmember Raul Peralez, City of San Jose, Jim Silverwood, Affirmed Housing President and CEO; Jennifer Loving, Destination: Home CEO; Jacky Morales-Ferrand, City of San Jose Housing Director; and Joel John Roberts, PATH Ventures CEO, among others. Located at 290 N. 2nd Street, Villas on the Park is one of the first all-supportive housing communities to come to Santa Clara County. Affirmed Housing has two (2) other Santa Clara County developments in its pipeline, which will add approximately 180 more affordable apartments to the region.
As a permanent supportive housing development, Villas on the Park offers social services for the formerly chronically homeless earning 30-50 percent of the area median income (AMI). The community features 83 supportive homes, with service provided by PATH, and a manager’s apartment. The six-tale, GreenPoint Rated building offers large communal spaces, offices for resident services management, a rooftop terrace with garden plots for residents, bicycle storage, a large teaching kitchen, and a unique flex space to accommodate a variety of enhanced services.
James Silverwood, President of Affirmed Housing, states, “In a region where the cost of housing is one the highest in the nation, it’s critical that we continue to make affordable and supportive housing solutions for our most vulnerable neighbors. We’re excited Villas on the Park is part of the solution in this area.”
Development partners included: Affirmed Housing, PATH Ventures, BKF Engineers, Brown Construction, Inc., Dahlin Group, DBF, DCI Engineers, Emerald City Engineers, Inc., HA Builder Group, LLC, Jett Landscape Architecture + Design, The John Stewart Company, and Tarrar Utility Consultants. Financing partners included: Bank of America, N.A.; California Community Reinvestment Corporation; CA Tax Credit Allocation Committee; City of San Jose; County of Santa Clara; County of Santa Clara Office of Supportive Housing; Housing Trust Silicon Valley; and the Santa Clara County Housing Authority.

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LAS VEGAS, NV – MODERNE Communities, a privately held residential real estate development company under the direction of real estate veteran and home builder, Randy Bury, bought 14-acres in the city of North Las Vegas. Bury plans to build a gated community with 185 single family homes offered for rent. The company recently broke ground on the new community located at North 5th Street and West Centennial Parkway.
MODERNE at Centennial will be the first purpose-built, single-tale single-family rental home community in Las Vegas. The community will include a mix of one-, two-, and three-bedroom units, ranging from approximately 640 to 1,225 square feet. In addition to gated security, community amenities will include 12 pocket parks, a community fitness center, pool, ramada and barbecue area and three electric car charging stations.
“Las Vegas offers a variety of traditional multi-family high-rise apartments, but we wanted to introduce a more innovative community concept that appeals to single professionals, young families and empty nesters that want more privacy, outdoor space and a sense of community,” clarifies Bury, founder and president of MODERNE Communities.
The contemporary style single-tale homes feature 9-foot ceilings, open kitchen living space and private backyards with doggy door access. Each home includes a technology package with keyless entry, smart home security system and access to community wide high-speed Wi-Fi. There will be plenty of parking with a mix of full garages, covered and surface parking available.
Bury adds, “MODERNE at Centennial offers residents a single-family home environment within a plotted neighborhood with two elementary schools just across the way, simple access to freeway system, nearby shopping, local job centers and downtown Las Vegas.”
MODERNE Communities will enlist a professional management company to oversee leasing and neighborhood maintenance. MODERNE at Centennial is targeted to open its leasing office by August with go-in expected to start in September.

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LAWRENCEVILLE, GA. – 29th Street Capital (29SC), a privately-held real estate operator, has bought Knollwood Park Apartment Homes, a 1998 vintage, 142-unit multifamily community located in Lawrenceville, Georgia. 29SC plans to complete full interior renovations, upgrade the amenity spaces and modernize the exterior of the property.
We are excited to be growing our portfolio in Gwinnett County, said Javier Bustillo, Senior Vice President of Acquisitions in Atlanta. The property will benefit from over $240 million of redevelopment and infrastructure investment in downtown Lawrenceville.
Knollwood Park Apartment Homes is located just off GA-120 and GA-124 in Historic Downtown Lawrenceville. Downtown Lawrenceville offers residents a walkable area with access to numerous four- and five-star restaurants, bars, boutique stores, parks and a theatre. In addition, there is a $200 million mixed-use development, $31 million arts facility with a 500-seat theatre, and a $10 million biking and walking trail connecting downtown Lawrenceville to Gwinnett College all approved and under development in downtown Lawrenceville.
We are excited to help play a role in the revitalization of Downtown Lawrenceville, Bustillo added. Knollwood Park Apartment Homes will offer tenants freshly-renovated units and amenities, but most importantly be within walking distance of downtown and all of its amenities.
This is the firm s 10th acquisition in the Atlanta area in the past five years. The transaction closed March 6th. The sale price and seller were not told.
29th Street Capital is a privately-held real estate investment and advisory firm that employs a value-added investment strategy in acquiring properties that typically fall below the radar of its institutional peers. Over the past 12 months 29th Street Capital has also bought 10 conventional multifamily assets and continues to actively pursue additional opportunities throughout the U.S.

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