SEATTLE, WA – Bellwether Housing and the Evergreen Impact Housing Fund (EIHF) announced the opening of The Aries at Bitter Lake, bringing 200 affordable apartments to the North Seattle community.
The Aries is the first project funded by EIHF to open to residents, proving that innovative financing can boost the supply of much-needed housing. EIHF provided patient and low-cost catalytic capital for The Aries which, paired with more traditional financing sources, allowed the project to go forward on time and efficiently.
“We are delighted to see The Aries open to working families,” said Kris Hermanns, Fund Manager of EIHF for the Seattle Foundation. “This project is a testament to the power of collaboration in addressing our state’s affordable housing crisis. When public and private sectors work together, we can make positive, sustainable change in Washington State. It is an honor to celebrate this impactful addition to the community.”
“The investments in affordable housing made by this region’s business sector have been transformative,” said Susan Boyd, CEO of Bellwether Housing. “The Aries will be home to 200 families who previously had a tough time finding stable housing. They can now afford to live near transit, fantastic schools and close to job centers. These homes and the stability they represent simply would not exist without the investments made by the EIHF.”
Large-scale affordable housing projects with family-size units often face financing constraints, especially in urban centers. The Washington State Housing Finance Commission (WSHFC) provided an allocation of bond cap and low-income housing tax credits (LIHTC) for The Aries. This public funding and EIHF’s private capital worked together to go the project forward. ;”Our state needs affordable housing at all income levels,” said Steve Walker, WSHFC executive director. “EIHF provides an vital piece of the funding puzzle, filling critical gaps and stretching public funding to do more. Ultimately, that allows more working families to stay in Washington State and call this place home.”
Representatives from Bellwether, EIHF, and project supporters gathered for the grand opening of The Aries earlier today. The event featured remarks from Boyd Hermanns, Paul Buckland, Senior Vice President at Wells Fargo, and Selina Mendoza, Vice President at CitiBank. The morning culminated in a ribbon-cutting and guided tours of the building.
The Aries is located at 916 N 143rd St, situated near a community center, bike trails, the Bitter Lake Reservoir, as well as public transportation on Aurora Avenue. The Aries units cater to families of four earning up to $66,420 and individuals with an annual income of $46,500. Many of the apartment homes are two- and three-bedroom units that are well-suited for families.

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DALLAS, TX – Knightvest Capital, a vertically-integrated multifamily investment company, announced the successful acquisition of the Dorian Apartments, formerly known as the Tribeca Apartments. Situated in the coveted Legacy area of DFW, this 398-unit apartment community marks the latest strategic addition to the Knightvest portfolio.
The Dorian Apartment community was built in 2008 and features a mix of three and four-tale structures across nine buildings, with units boasting an average of 910 square feet.
“With its strategic location, the Dorian Apartments fit seamlessly into our vision of acquiring institutional quality assets and transforming them into design-driven residential communities,” said David Moore, Knightvest Founder and CEO. “Our team is excited by this latest acquisition as we work to provide a high-quality alternative to new construction in this sought-after market.”
The community’s corridor spans Plano, Frisco, McKinney, and Allen cities experiencing an average population growth of over 50% in recent years. With Plano’s growth accompanied by the development of over 14.8 million square feet of Class A office space, the area has become a thriving live-work-play community.
Knightvest Capital closed the acquisition in December 2023 and plans to enhance the property by renovating unit interiors and property amenities, including the fitness center, pool area, and clubhouse.
“Our acquisition of the Dorian Apartments is another fantastic example of how we’re executing our value-add strategy to deliver dependable results to investors, residents, and employees,” concluded David Moore.

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PEORIA, AZ – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that it has broken ground on Marlowe Peoria Place, the latest Marlowe-branded apartment community. Located west of Grand Ave. and south of Monroe St., this new community is part of Greystar’s master plot for Peoria Place, which will include more than 700 apartments, 255 build for rent homes and 400,000 sq. ft. of logistics.
“Marlowe Peoria Place is an vital piece in the overall Peoria Place master plot,” Billy Cundiff, Greystar Managing Director, Development, said. “Marlowe Peoria Place will highlight the entrance to Ancient Town Peoria with a public art piece and bring 4,900 sq. ft. of retail space that will serve as an amenity to the entire area. This project is truly a partnership between the city and Greystar to get the master plot of the ground.”
“In Peoria, we realize that a diverse housing portfolio is key to attracting new business,” said Peoria Deputy City Manager Mike Faust. “Peoria Place is a wonderful addition to the community, bringing new retail businesses and connection to our P83 Entertainment District with simple access to the 101.”
As the first conventional multifamily community within the master plot, Marlowe Peoria Place is a three-tale community with 370 apartment homes with one- and two-bedroom floorplans that range from 650 to 1,180 sq. ft. Marlowe Peoria Place Marlowe will balance comfort and luxury through their thoughtfully designed interiors including quartz countertops, stainless steel appliances, two bright color schemes, and abundance of community amenities. Community amenities will include a 1,200 sq. ft. fitness center, pickleball court, two dog parks, a coworking space in the clubhouse and a pool with cabanas and spa. The community’s architecture is Spanish desert which will have elements throughout the master plot as well.
The Peoria Place master plot is adjacent to the City of Peoria municipal offices and will bring restaurants, retail and lifestyle-related business to the Ancient Town area to complement the many events that the city hosts. The project is located half a mile south of Pioneer Community Park, an 83-acre public space with dog parks, an urban lake, public art and more than 10 lighted fields for various sports. Peoria Place is just a 10-minute drive from the Westgate entertainment district, State Farm Stadium, home of the Arizona Cardinals, and the Peoria Sports Complex where the Seattle Mariners and San Diego Padres play their spring training games.

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