BEVERLY HILLS, CA – Kennedy Wilson, a global real estate investment company, and Jamison, a leading Los Angeles multifamily development firm with experience in high- and low-rise construction and adaptive reuse conversions, have entered a new strategic partnership with plans to deliver 4,000 affordable housing units across Los Angeles through adaptive reuse and ground up construction.
The partnership is between Jamison’s newly launched affordable housing division, Arden Residential, and Kennedy Wilson s affordable housing development joint venture, Vintage Housing. It will start with the conversion of the former LA World Trade Center at 350 S. Figueroa Street, which will be re-branded as Sky Castle. The 400,000-square-foot office complex will be converted into 512 affordable units offering a mix of one-, two- and three-bedroom floor plans. Each unit will feature new kitchens and bathrooms with appliances and an operable window as well as modern community amenities including community rooms available for resident events, a dedicated co-working space, a resident lounge, on-site storage, laundry rooms throughout the property, and mail parcel rooms.
Phase I, which is expected to start in August 2026, will focus on the building s concourse levels to deliver 241 affordable housing units for families earning 30% to 80% of Area Median Income (AMI). Phase II, plotted for the office tower above, will add 271 affordable units. The World Trade Center residential conversion is endorsed by Los Angeles government leaders and approved by the city under the new adaptive reuse ordinance.
The new joint venture leverages Kennedy Wilson s deep expertise in affordable housing development. In 2015, Kennedy Wilson bought an equity stake in Vintage Housing, an industry leader in delivering affordable, long-term housing solutions for qualified working families and active senior citizens, and has since helped grow the platform from 5,000 to over 13,000 units across the Western United States.
This strategic partnership between Jamison and our Vintage Housing platform is all about providing much-needed affordable housing in our backyard, the City of Los Angeles, said Nicholas Bridges, Global Head of Capital Markets at Kennedy Wilson. Built on a relationship spanning decades, our strategic venture brings together Jamison s extensive real estate portfolio and multifamily expertise with Kennedy Wilson s affordable housing development capabilities to accelerate delivery of approximately 4,000 affordable housing rental units across the city. Together, Kennedy Wilson and Jamison are committed to delivering housing solutions that address the city s affordability challenges while making a lasting, positive impact for Los Angeles communities.
“Kennedy Wilson s Vintage Housing platform is the ideal partner given our shared long-term vision, institutional strength, and operational excellence, while Jamison will bring its deep local market knowledge and hands-on development expertise, said Garrett Lee, Chief Executive Officer, Jamison. Together, we will develop thoughtfully designed housing for families, seniors, and communities through both adaptive reuse conversions and ground-up construction in transit-oriented, job-rich neighborhoods that provide residents with access to the opportunities and services that make Los Angeles thrive.”
The partnership between Kennedy Wilson and Jamison reflects both entities commitment to the city and their shared vision of expanding affordable, high-quality housing for residents. At a time when affordable housing remains one of Los Angeles most pressing challenges, this joint venture represents an actionable step toward delivering accessible housing opportunities for individuals and families across a range of income levels. The joint venture is committed to advancing innovative housing solutions, revitalizing underutilized properties, and contributing to the development of vibrant communities that support the city s long-term growth and economic vitality.

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CHATTANOOGA, TN – LifeCare Development announced plans for The Blake at Chattanooga, a new high-end helped living and memory care community to be located at 7333 McCutcheon Road in Chattanooga, Tennessee. The Blake at Chattanooga will include 118 apartments, with 73 helped living apartments and 45 memory care apartments. Sitework and construction are expected to start in late summer 2026.
The project marks LifeCare Development’s entry into Tennessee and its fifth Blake-branded senior living project with Blake Management Group. LifeCare previously developed four Blake communities in Texas in partnership with BMG, continuing a relationship built around high-quality development, experienced operations and a shared commitment to serving older adults and their families.
“Chattanooga represents a strong market opportunity for LifeCare Development,” said Adam Mitchell, Managing Partner of LifeCare Development. “It offers a compelling combination of growth and demand for modern senior living options. We are excited to bring Blake Management Group’s hospitality-driven approach to Chattanooga.”
Near The Village at Waterside, The Blake at Chattanooga will be located in a growing area of the Gunbarrel Road corridor with access to retail, healthcare and daily conveniences. The community is being designed to offer a high-end residential environment for seniors seeking helped living and memory care services.
“Blake Management Group is proud to partner with LifeCare Development to bring exceptional helped living and memory care services to Chattanooga, Tennessee,” said Scott Hames, Chief Operating Officer of Blake Management Group. “This collaboration combines decades of senior living expertise with a shared commitment to providing compassionate, resident-centered care in a welcoming and supportive environment. Together, Blake Management Group and LifeCare are dedicated to enhancing the quality of life for older adults by offering personalized care plans, engaging lifestyle programs, and specialized memory care services designed to promote dignity, independence and peace of mind for residents and their families. This partnership represents a significant investment in the Chattanooga community and a commitment to setting a new standard for senior living excellence.”
The Blake at Chattanooga project team includes Arrive Architecture, Ridgemont Commercial Construction and Banko Design. Trustmark is providing financing for the project.
The Chattanooga announcement follows LifeCare Development’s continued growth in the senior living sector and reflects the company’s focus on identifying markets well-positioned for high-quality helped living and memory care development.

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SAN DIEGO, CA – Broadshore Capital Partners announced the closing of a $53.2 million floating-rate senior bridge loan secured by Monroe North Park, a newly delivered 137-unit Class A multifamily community located in the North Park neighborhood of San Diego, California.
The loan was completed in partnership with an institutional investor with whom Broadshore maintains an active lending relationship focused on sourcing and executing bridge financing opportunities across the United States. The financing will facilitate the lease-up and stabilization of the Property, which was delivered in 2025 and features institutional-quality construction, structured parking with EV charging capabilities, rooftop entertainment and co-working amenities, and a curated resident experience designed to appeal to affluent urban renters.
San Diego is one of the most fundamentally sound multifamily markets in the country, and North Park represents exactly the kind of supply-constrained, high-demand urban submarket we want to be in, said Bradford Howe, Chief Executive Officer of Broadshore Capital Partners. This transaction is consistent with our strategy of deploying institutional capital into well-located, newly delivered assets where we have conviction in the collateral quality and the long-term fundamentals. Broadshore has made many successful investments in the San Diego area over its history and believes Monroe North Park will be another success for our firm and our partner.
Chris Miller, Senior Vice President at Broadshore Capital Partners, added, Monroe North Park presented a compelling combination of basis protection, institutional-quality collateral, and a clear path to stabilization. The sponsorship group s track record in similar transitional multifamily strategies, paired with the Property s differentiated location and amenity package, gave us strong confidence in the underwriting.
Monroe North Park is an eight-tale, podium-style community comprising approximately 87,000 net rentable square feet and featuring 137 units. The Property is located at 3090 Polk Avenue in the heart of North Park, offering residents walkable access to premier dining, retail, breweries, and cultural amenities, with direct connectivity to Downtown San Diego, Mission Valley, Balboa Park, and major employment centers throughout the broader metropolitan area.

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