HOUSTON, TX – Hanover Company has closed its Hanover Opportunities Fund (HOF) at $125 million in capital commitments and is actively acquiring land and underutilized commercial properties, such as vacant buildings and distressed office assets, for redevelopment into multifamily or industrial projects. HOF can close acquisitions quickly, with or without entitlements in place, and offers flexible deal structures to accommodate sellers.
For site owners, lenders, and intermediaries, HOF can offer quick-close, all-cash solutions with a trusted development sponsor, said Brandt Bowden, CEO of Hanover.
Rather than acquiring stabilized assets, HOF targets early-stage opportunities that can be executed through Hanover s vertically integrated development platform.
Today s real estate environment is seeing a massive demographic shift and accelerated obsolescence in office, all against a backdrop of capital scarcity, Bowden added. HOF is built to take on the risk to reposition assets, while providing immediate liquidity to sellers—often before entitlements are in place.
Led by Bowden and Hanover Managing Director Drew Willson, the fund was made to address capital dislocation and the growing need for pre-development risk capital.
HOF has already made three acquisitions: an industrial development site in York, Pennsylvania, and two multifamily development sites in San Jose, California.
With its capital base in place, HOF is actively pursuing acquisitions across Hanover s national footprint, which includes Sun Belt, West Coast, Northeast, and Mid-Atlantic markets.

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ARVADA, CO – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a groundbreaking ceremony at the future site of Marshall Pointe Apartments, a four-tale, 260-unit affordable housing community in Arvada, Colorado expected to start leasing in September 2026.
“We are proud to commence work today on LAC’s second ground-up development in the Denver metro area,” said Ben Taylor, LAC vice president and project partner. “Marshall Pointe will provide high-quality, affordable housing for families in one of Colorado’s fastest-growing communities.”
Comprised of mostly one- and two-bedroom units, Marshall Pointe will lease its units to residents earning between 30% and 70% of the Area Median Income (AMI). Communal amenities will include two courtyards: one for adults featuring a covered dining area, hammock grove, flex lawn space, and lush landscaping; and one for children including a climbing wall, playground, movie wall, and garden. Additional indoor amenities include a fitness center, game room, package and mail rooms, and a lounge with a kitchenette. All units will be equipped with stainless steel Energy Star appliances, balconies, walk-in closets, linen closets, and hard-surface countertops.
LAC is partnering with Family Tree, a non-profit human services agency in the Denver Metro Area, to offer full-time permanent supportive housing (PSH) at the site for all 13 units at the property, including eight that will have Project-Based Housing Choice Vouchers from the Arvada Housing Authority (AHA). As a result of the partnership with LAC, residents at Family Tree’s nearby under development supportive housing property will have the opportunity to go to Marshall Pointe when ready, making a Corridor of Housing Advancement between the sites and supporting long-term residency in the area.
The project was financed in partnership with AHA and the Colorado Housing and Finance Authority (CHFA), which provided Federal and Colorado State Tax Credits, along with the permanent financing. Additionally, the Colorado Department of Local Affairs provided $5 million of bridge funding for the land acquisition through their Operation Turn Key program, which allowed LAC to buy the land 18 months ahead of the construction finance closing. Additional partners include the National Equity Fund (NEF) and JP Morgan Chase.

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SARASOTA, FL – Wolfson BTR, Florida s first large-scale Build-to-Rent (BTR) developer, announced it has officially broken ground on Symphony Lakes, a fully-amenitized 274-unit Build-to-Rent community located strategically between the Sarasota / Bradenton and Tampa / St. Petersburg metropolitan areas.
Spread across approximately 50 acres, Symphony Lakes is a two-phase development featuring 3- and 4-bedroom townhomes and 4-bedroom detached single-family homes, each with private backyards and attached garages. Phase I will deliver 220 townhomes and 18 single-family homes, while Phase II will bring an additional 54 townhomes to the community.
The project will offer a full suite of lifestyle amenities, including a resident clubhouse, fitness center, resort-style pool, playground, meeting spaces, and extensive dog-walking and running trails—all designed to meet the evolving needs of today s renters who seek more space, privacy, and a higher standard of living.
Symphony Lakes represents our continued commitment to bringing thoughtful, community-driven Build-to-Rent projects to markets that desperately need quality housing options, said Adam Wolfson, CEO and Founder at Wolfson BTR. We are focused on delivering homes and communities that provide a bridge for those who are not yet ready for homeownership but seek a living experience beyond that of traditional multifamily apartments inclusive of more space, privacy, and community connection
Site work formally started in October 2024, with vertical construction scheduled to commence in August 2025. The first units are expected to be delivered beginning in early 2026.
Situated within a three-minute drive of I-275, Symphony Lakes offers residents simple connectivity to major employment hubs, retail, dining, and coastal amenities in both the Tampa Bay and Sarasota regions.

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