MILWAUKEE, WI – CIBC announced its involvement in the Thrive on King project, a historic adaptive reuse initiative that will transform a former department store building into 90 units of affordable housing in downtown Milwaukee.
“We are excited to be a part of the Thrive on King project, which will not only make much-needed affordable housing, but also contribute to the preservation of Milwaukee’s rich history,” said Tony Hernandez, head of Community Investment at CIBC Bank USA. “CIBC is especially passionate about this project because it represents a significant investment in Milwaukee’s future, and we are proud to be a part of it,” said Hernandez.
CIBC’s $45.5 million commitment through equity investment and construction lending will play a pivotal role in realizing the vision of this project. The community impact of Thrive on King is significant. The adaptive reuse of a vacant, historically significant store, will make 90 units of affordable housing in downtown Milwaukee. These units will serve as low-income residences, with 27 units specifically designed for seniors aged 55 and above.
The commercial space within Thrive on King will be anchored by the Greater Milwaukee Foundation and the Medical College of Wisconsin community-facing centers and institutes. The space will serve as a hub for a wide range of services including food, health and wellness programs, art, culture, history, community gatherings, early childhood education, generational programming, workforce development and business support.
“Thrive on King is more than just a development project. It’s a symbol of hope and progress for the city of Milwaukee,” said Hernandez.

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AUSTIN, TX – In partnership with the Housing Authority of the City of Austin (HACA), The NRP Group celebrated the grand opening of The Markson, a 330-unit mixed-income housing development in Austin s coveted Barton Springs community. As a part of both organizations commitment to making affordable housing options for Austin residents, more than half of the units will be reserved for residents earning 80% of the Area Median Income (AMI).
The Markson meets the neighborhood s demand for quality, accessible workforce housing, and embodies the vision that Dan Markson carried throughout his 30-year career. Through his tireless efforts, bold leadership, and brilliant partnership development, Dan Markson changed the affordable housing landscape, leading to the creation of over 29,000 multifamily units in Texas, with more to come.
The Markson is one of the eight developments made in partnership with HACA, comprising over 2,300 units throughout the city. The organization serves over 25,000 Austin residents through 21 Project-Based Rental Help Properties, Voucher Programs, and the Austin Affordable Housing Corporation.
“As a part of our collective vision to provide stable, affordable housing options to essential workers, The Markson reflects our unwavering commitment to addressing the affordable housing shortage in Austin, said Michael Gerber, President and CEO of the Housing Authority of the City of Austin. Dan Markson’s legacy is embodied in The Markson, and this development will help ensure the integral presence of our community members in Austin’s diverse fabric.
The Markson offers affordable rents for people who provide critical services, including teachers and first responders, close to their places of work. To help local school teachers in finding affordable housing, NRP Group is also extending one month of free rent to all employees of nearby St. Andrew’s Episcopal School. The community’s location offers simple access to downtown Austin and nearby employment centers, like Yeti and NXP, catering to essential workers and local employees alike.
Thanks to our continued collaboration with HACA, The Markson stands as a testament to Dan s vision and dedication to delivering housing options for essential workers throughout Texas, said Debra Guerrero, Senior Vice President of Strategic Partnerships and Government Affairs at The NRP Group. We honor his legacy, as well as HACA s vision to provide housing affordability for Austin families.
The Markson residents will delight in an array of outdoor amenities, including a landscaped pool courtyard with private cabanas, an outdoor kitchen with grills, bocce ball, volleyball courts, and a dog park. The property s sky lounge offers indoor and outdoor gathering spaces complemented by sweeping views of downtown Austin, providing a serene retreat for residents, families, and their guests.
“We are thrilled to unveil The Markson, a project in the heart of Barton Springs that combines high-quality construction with affordability,” said Parker White, Vice President of Development at The NRP Group. “NRP has a rich history in Austin, standing as a pioneering force for affordable housing across Texas through impactful collaborations with key partners like HACA. Thanks to this continued support, we can provide essential workers with the opportunity to live in a vibrant community while investing in the local economy.”
Residents will also have access to a pet spa, bike storage, conference rooms, co-working lounge space, coffee bar, fitness center, game room, and package concierge. The community features a central parking garage with electric vehicle charging stations for added convenience. The Markson comprises one- to three-bedroom units with monthly rents ranging from $1,487 to $3,182. Residences are available in two different in-unit finishes—toffee flat panel or cream shaker style—and offer stainless steel appliances, pure white quartz countertops, luxury vinyl plank flooring, and keyless entry. A selection of units feature outdoor balconies.
Situated within the lush backdrop of the Barton Creek Wilderness Park, residents of The Markson will have access to a scenic nature trail, reservoir, the nearby Barton Creek Greenbelt, and over 20 acres of preserved nature area. The entire property is landscaped with native prairie plantings.
In addition to the Markson, NRP is developing Alameda at Oak Hill Development in collaboration with the Austin Affordable Housing Corporation, which will continue to grow affordable housing options in the Austin market.

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DALLAS, TX – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the construction completion of Perch Denton, a 195-unit, single-family build-for-rent community in the Dallas suburb of Denton, Texas. Capital Square has partnered with Excellent + West Residential and Montgomery Street Partners as co-developers on the project.
Substantially all certificates of occupancy have been issued and nearly one-third of the homes are already occupied with strong leasing activity underway.
“Capital Square is a vertically integrated, national real estate firm built on three pillars: invest, build and manage,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Perch Denton is a part of Capital Square’s build strategy that gives the firm a competitive advantage by building our own investment properties for the various investment programs, DST, opportunity zone funds and the REIT.”
Located at 2205 N. Bonnie Brae Street, the 18-acre development includes a mix of one-, two- and three-bedroom single-family homes that average 1,005 square feet. Community amenities include a resort-style pool, fitness center, business center, dog park, pavilion and pickleball court all developed and marketed under the Perch brand.
An abundance of retail, shopping and dining options can be found within a mile of the property, including the adjacent Rayzor Ranch Marketplace anchored by Walmart, Sam’s Club and H-E-B. Immediately to the south is Rayzor Ranch Town Center, which contains an array of quick-casual and sit-down dining options, including In-N-Out, Chipotle, Chili’s and more.
With direct access to Interstate 35 and University Drive, Denton’s primary east and west thoroughfares, residents have direct access to downtown Denton, Frisco, McKinney, Dallas Fort Worth International Airport, Fort Worth and Dallas.
“Denton and its neighboring counties have experienced outsized population and job growth. Capital Square is pleased to help alleviate the shortage of quality housing with the delivery of 195 new single-family homes,” said Whitson Huffman, co-chief executive officer. “Leasing activity has been strong, and we are exceeding our projections for realized rents, underscoring our belief that the Dallas Metroplex is an ideal market for high-quality build-for-rent communities like Perch Denton.”
Capital Square formed a joint venture with Excellent + West Residential and Montgomery Street Partners to develop Perch Denton, which has been capitalized with funds raised from accredited investors in Capital Square Denton BFR, LLC, a private placement investment sponsored by Capital Square.

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