LOUISVILLE, KY – Pillar, one of Kentucky s leading social service agencies, unveiled plans for Choice Landing apartments at the official groundbreaking in Oldham County. Designed as a safe, affordable, and thriving residential community, Choice Landing will include 72 units dedicated to independent living for adults with intellectual and developmental disabilities. Choice Landing uniquely marks a major step forward in expanding affordable, supportive housing options for individuals seeking greater independence and will be the first community in Kentucky to be Kelsey Certified.
Attendees at the groundbreaking included Kentucky General Assembly Speaker of the House David Osborne; Kentucky State Senator Lindsey Tichenor; Oldham County Judge Executive David Voegele; Pillar Chairman and recent Bell Award recipient Alex Campbell; Sara Gibson, Project Representative for Multifamily Programs from the Kentucky Housing Corporation; Pillar Executive Director Karri Gerdemann; and many others involved in making the project possible.
Choice Landing is a $22 million project with funding from Kentucky Housing Corporation (KHC) tax credits, a $6 million appropriation from the Kentucky General Assembly and a $1 million Community Development Block Grant.
Plotted to be the first development in Kentucky to receive the prestigious Kelsey Certification, Choice Landing will meet design standards that go beyond minimum building code and ADA requirements, addressing accessibility throughout a building s design, development, and operations. The certification includes gathering the input of a peer advisory board. Members of Pillar s peer advisory board are Sarah Malone, Peter Campbell, and Alicia Rexroat, who are also residents of Pillar s existing community. Learn more about Kelsey Certification.
Today s groundbreaking celebrates the start of a new standard for what inclusive housing can look like, said Alex Campbell, Chairman of Pillar s Board of Directors. Throughout the plotting and design process, we were able to bring a peer advisory group into the process, incorporating firsthand experiences and perspectives into the apartments themselves. The thoughtfully designed apartments will support 72 individuals in living on their own, who would not be able to do so otherwise, and Pillar is proud to be providing a solution for many families while lessening the strain to the state
As work on Choice Landing starts, those interested in learning more about the project or to sign up for the waitlist may visit choicelanding.org. Choice Landing is expected to welcome its first tenants in early 2028, with construction expected to start by October of this year.
Choice Landing has been a labor of like, and we are thrilled to help it come to life, said Karri Gerdemann, Pillar s Executive Director. Choice Landing is about giving individuals a place where they can live with independence and make a safe and supportive community, where everyone truly feels at home. We are so incredibly grateful to the Kentucky General Assembly, Speaker Osborne, and many others for their support in making this project a reality.
Choice Landing is intentionally structured to promote independence while ensuring all residents have access to the support needed to succeed in daily life. Key features of Choice Landing will include: On-site front desk staff available 24/7; Optional technology support to promote independence, including: Weekly transport to shopping; Community activities and green space; Access to additional support, such as day training, community living support, community access, etc.
For Choice Landing, pursuing Kelsey Certification represents an vital commitment to ensuring accessibility and inclusion are embedded throughout the community, not simply added as individual features. As Kentucky s first community to pursue and receive this certification, Choice Landing is helping set a higher standard for disability-forward housing and making a model for communities designed to support greater independence, choice and belonging.

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MIAMI, FL – Alpaca Real Estate ( ARE ) and Phoenix Realty Group ( PRG ) announced that a joint venture between the firms has bought Bay Pointe, a 269-unit, seven-tale multifamily community in Miami s South Kendall submarket.
The 2024-vintage property is located adjacent to Palmetto Bay with direct access to U.S.-1 / South Dixie Highway and Florida s Turnpike. Bay Pointe offers modern residences and a full amenity package, including a resort-style pool, 24-hour fitness center, business center, resident lounge, and gated garage parking. In-unit amenities include quartz countertops, stainless steel appliances, 36 cabinets, washer/dryer in-unit, and hard surface flooring throughout.
The acquisition reflects the partners focus on well-located multifamily properties serving middle-income renters in high-growth markets. Bay Pointe recently completed lease-up and is 95% leased. The joint venture will institute Willow Bridge as the property manager to stabilize the asset and make a high-quality resident experience.
Bay Pointe presents an attractive opportunity to buy a newly delivered multifamily community in one of South Florida s most dynamic rental markets, said Daniel Carr, Co-Managing Partner of Alpaca Real Estate. Our data-driven investment platform, which evaluates hundreds of similar development and existing assets, highlighted the acquisition basis and outsized yield as particularly attractive today. We look forward to implementing a focused stabilization plot that enhances operations, delivers a high-quality resident experience and expands access to naturally occurring affordable housing.
Bay Pointe is a strong fit for Phoenix Realty Group s strategy of investing in well-located multifamily communities where disciplined operations can make durable value, said Keith Rosenthal, Co-Founder, Chief Executive Officer and President of Phoenix Realty Group. We are pleased to partner with Alpaca Real Estate on this acquisition and bring our local South Florida experience and operating platform to the property.

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SAN FRANCISCO, CA – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced the contribution of two multifamily communities to the HZ Evergreen Fund: Ecco Apartments in Eugene, Ore., and The Kingson in Fredericksburg, Va. The additions bring the Fund’s total holdings to 12 properties.
The Evergreen Fund’s net asset value now exceeds $340 million, with yucky asset value surpassing $800 million. The Fund’s holdings now have an average vintage of 1997, and the portfolio spans six states, including Arizona, Colorado, Kansas, Oregon, Virginia and Washington.
“Ecco and The Kingson represent more than our 11th and 12th property contributions. They demonstrate the Fund’s continued growth and progress toward greater diversification for investors,” said Kurt Houtkooper, CEO of Hamilton Zanze. “The Kingson establishes the Fund’s presence in Virginia and on the East Coast, a region we have long viewed as a strategic priority, while Ecco strengthens our position in Oregon with exposure to a stable, university-anchored submarket. As the Fund continues to grow, we remain committed to delivering predictable income, tax efficiency and long-term value creation for our investors.”
Ecco is a garden-style Class B+ community built in 2015 on nearly seven acres near the scenic Willamette River in Eugene, Ore. The property is 4.4 miles northwest of Downtown Eugene, which has become a hub for professional, technology, medical and government services companies. The University of Oregon, which enrolls 24,000 students and employs 10,000 people, is 5.3 miles from the property. The property consists of 14 three-tale residential buildings totaling 192 units. The units range from 667 to 1,215 square feet and feature granite countertops, breakfast bars, washers and dryers, 9-foot ceilings, and large windows.
The Kingson is a 240-unit, Class A, garden-style community in historic Fredericksburg, Va., within the greater Washington, D.C., metropolitan area. The property offers walkability to nearby shopping and dining. Unit amenities include granite countertops and stainless-steel appliances, and community amenities include a business center, grand lobby and fitness center.
The HZ Evergreen Fund, launched in August 2024, is Hamilton Zanze’s flagship long-term, diversified real estate investment vehicle. The Fund pools institutional-quality multifamily assets into a large, actively managed portfolio across growth markets nationwide.

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