LOS ANGELES, LA – Affirmed Housing, a leading provider of affordable housing throughout California, announced the opening of Lumina. Located in the Chatsworth neighborhood, Lumina is a new, supportive housing development with onsite services aimed at helping people experiencing homelessness, including formerly unhoused veterans and people with disabilities, transition to more stable lives. It is the first new apartment community for the unhoused in its district and one of the first projects of its kind to be built outside of the city s southern and metro areas.
State Assemblywoman Pilar Schiavo remarked, As the Chair of the Assembly Military and Veteran Affairs Committee, I m especially proud that my own community of Chatsworth is housing veterans experiencing chronic homelessness. I have been working closely with Lumina to ensure people in our own community, with a focus on veterans, get off the streets and into this permanent housing with the services they need to get them on their feet for the long term. This project exemplifies our commitment to real solutions to homelessness and I m so proud to have supported this solution from the beginning.”
We have advocated for our veterans with hundreds of mayors in Washington, DC so that they can receive the housing support and services that they deserve while also locking arms with our city partners to bring our unhoused veterans inside and prevent them from falling into homelessness in the first place, said Los Angeles Mayor Karen Bass. Projects like this are an vital part of our overall approach to save lives and bring people inside and further the City s efforts to prevent and end homelessness. The number of people experiencing homelessness has dropped for the first time in years and we remain committed to urgently continuing this progress by bringing more people inside as more affordable and permanent housing is being built.
Formerly the site of a vacant car lot, Lumina is a five-tale development that delivers 54 studio apartments for households earning 30% of the area median income (AMI), with half reserved for unhoused veterans, and one manager unit. Lumina was developed with funding from California s Veterans Housing and Homeless Prevention Program (VHHP) and Measure HHH, a $1.2-billion bond that Los Angeles voters overwhelmingly approved for the development of supportive housing for unsheltered individuals and families throughout the city.
Housing resources, like Lumina, help break cycles of chronic homelessness by combining housing and supportive care and services under one roof, said Jimmy Silverwood, president of Affirmed Housing. Lumina is a safe, secure environment where residents can reacclimate and have seamless access to specialized resources that improve their quality of life. Lumina and projects like it that prioritize the health and wellness of occupants enhance lives and make our cities and communities better places to live.
In addition to housing, Lumina features onsite case managers from The People Concern, who deliver specialized care and guidance to help the formerly unhoused residents build a more solid foundation for a healthy and safe future. Case worker offices are situated on the ground floor in a shared, secured office space, adjacent to a staff break room for simple tenant access. The building includes several shared amenities to encourage community engagement, such as a rooftop deck and nearly 2,000 square feet of ground floor space with bike storage, a laundry room and a large community room with media areas and a kitchen space. Sustainable elements are also incorporated throughout the building, including energy efficient appliances in each studio apartment.
Lumina is situated close to several off-site amenities that foster more independent living. Nearby are a pharmacy, grocery store and a park. Public transportation options are easily accessible, among them are a Metro bus transit stop conveniently located just steps away from the property and the Metro s Chatsworth Station lies within half a mile.

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SEATTLE, WA – Virtú Investments, a multifamily real estate investment firm primarily engaged in the acquisition and management of apartments in the western United States, announced it has bought Skyglass Tower, a brand-new Class A, 338-unit, 31-tale multifamily tower located in downtown Seattle, WA.
Completed in 2024, the LEED Gold, glass-paneled high-rise in the South Lake Union neighborhood is comprised of luxury studio and 1-3 bedroom units, three floors of underground parking, as well as retail space at ground level. Additional features include a rooftop green space, gym, a lobby with high-end finishes, and views of the Space Needle.
Virtú sees the Pacific Northwest, and Seattle in particular, as an attractive target for multifamily investment driven by the area s rising employment figures and high demand for luxury apartments, coupled with property values currently well below their peak.
Limited high-end multifamily supply and bottoming prices in the Seattle market makes this a fantastic time for Virtú to invest opportunistically in this key area of the Pacific Northwest, said Michael Green, CEO of Virtú Investments. We have decades of experience investing in multifamily buildings across market cycles, and are keen to continue identifying investment opportunities like these for the benefit of our stakeholders.
Virtú bought Skyglass Tower as a joint venture with the Real Estate Business at Goldman Sachs Alternatives and the Virtú Evergreen Fund, an open-end fund launched in 2015 for generational ownership, long-term compounding, extreme tax efficiency and flexible liquidity. The Evergreen Fund is designed to take advantage of 1031 Exchanges within the Fund to perpetually defer taxes on gains and cashflow.
Cushman & Wakefield s Capital Markets team led by Marc Renard, Sam Wayne, and Dave Karson represented the seller, Gemdale USA, in the transaction.
Cushman & Wakefield s Equity, Debt & Structured Finance team of Dave Karson, Chris Moyer, Paul Roeter and Jason Blankfein served as the exclusive advisor to the joint venture in the procurement of acquisition financing. The loan was provided by Corebridge.
Skyglass attracted global investor interest including pension funds, private equity, family offices and multifamily funds who recognized the merits of this compelling opportunity, said Renard. The depth of capital reflects investor conviction for the future of Seattle and best-in-class developments.

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WEST LAFAYETTE, IN – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces its plans to build The Standard at West Lafayette, a 678-bed, 253-unit student housing community near Purdue University in West Lafayette, Indiana.
The site, on the corner of Pierce and West Wood streets, sits adjacent to the east side of Purdue’s campus, which hosts several academic buildings and the Purdue Memorial Student Union. Offering 240,299 square feet of residential space in a mix of studios to four-bedroom units, The Standard at West Lafayette will add much needed off-campus housing supply to serve students of Purdue University.
BKV Group is the project’s architect while Landmark Urban Construction, the in-house general contractor for Landmark Properties, will serve as construction manager on the 13-tale project. Delivery is anticipated for Fall 2027. The project received formal approval from the City of West Lafayette on July 1, 2024.
“We are pleased to bring The Standard at West Lafayette to the Purdue University community,” said Wes Rogers, CEO of Landmark Properties. “For the 2023-2024 academic year, Purdue reported its ninth consecutive record-breaking year for applicants and enrollments. The West Lafayette campus noted an all-time high of more than 52,200 students, with the majority living near campus. The Standard at West Lafayette is a response to the demand for high-quality off-campus housing.”
All units will feature gourmet kitchens with quartz countertops and stainless-steel appliances, high-speed internet and cable, large closets, and in-unit laundry. Finishes include hardwood-style laminate floors, custom wood trim and plantation blinds. Balconies are offered in select residences. The Standard at West Lafayette will offer 18,234-SF of amenity space, such as a rooftop clubhouse with an outdoor heated pool and fitness center, as well as a fourth floor indoor/outdoor amenity level with seating, grilling area, gaming lounge and interior courtyard. The property also has the most study space of any building in town, with options on every floor. The community will provide garage parking for 207 vehicles. Additionally, The Standard will be a six-minute walk to the nearest bus stop which has routes taking students to and from the north and western sides of campus.
The Standard at West Lafayette will be Landmark Properties’ second student housing development in Indiana, which includes The Standard at Bloomington, which opened in Fall 2023 for students attending Indiana University.

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