CHARLOTTE, NC – Canyon Partners Real Estate and The NRP Group announced a joint venture for the development of the Abernethy Lofts, a 392-unit, Class A multifamily community in the NODA submarket of Charlotte, North Carolina. Canyon provided $35.9 million of LP equity for the development, which is in a qualified opportunity zone. Construction of the community will start immediately and is expected to be completed in Q2 2026.
Located walking distance to the Sugar Creek LYNK Blue Line Rail Station in Charlotte’s North Davidson arts and entertainment district (“NoDa”), Abernethy Lofts will be in one of the city’s most desirable neighborhoods and positioned among hundreds of restaurants, shops, galleries and music venues. As Charlotte’s established workforce continues to grow as a result of corporate relocations and expansions, the community’s proximity to public transportation will provide residents with convenient access to the area’s major employment centers, including Uptown Charlotte, University City and the South End.
“Since our first development in the NoDa neighborhood over five years ago, we have recognized the incredible opportunities and amenities readily available to residents in this area,” said Jason Mochizuki, Vice President of Development at The NRP Group. “We are proud to partner with Canyon for the fourth time in the Charlotte market to continue making highly desirable rental opportunities in a location that offers connectivity and convenience.”
Most recently, Canyon collaborated with NRP in February 2023 for the development of South Tryon, a residential community in Charlotte’s South End.
Abernethy Lofts will total 344,339 square feet and include an extensive amenity package with a resort style pool, a large outdoor area with private dining, pizza and grilling stations, work-from-home conference pods, a state-of-the-art fitness center and a large dog park. The community will have structured parking for 509 spaces and a garage with branded electric bikes. The community will feature several environmental, social and governance (“ESG”) attributes including ENERGY STAR rated appliances and Wi-Fi-enabled “Smart” thermostats.
Canyon has been an active provider of debt and equity in the Southeast and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has invested approximately $2.0 billion in debt and equity to capitalize nearly $6.2 billion of total projects in the Southeast.

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KANSAS CITY, MO – The Cordish Companies and Power & Light District announced the grand opening of Three Light Luxury Apartments in Kansas City, MO. Team members from The Cordish Companies and Power & Light District were joined by Mayor Quinton Lucas, City Manager Brian Platt, city officials and distinguished guests from the City of Kansas City, MO to celebrate the opening of the brand-new addition to Kansas City’s skyline.
A landmark tower of gleaming glass, Three Light joins its sister properties, One Light and Two Light – both 97% occupied, as the next phase of luxury living in the Power & Light District. With its own distinctive take on an immersive downtown Kansas City lifestyle that offers convenience and walkability, Three Light sits steps away from the legendary Midland Theatre, Cosentino’s Downtown Market, Kansas City Live!, T-Mobile Center, Genesis Health Clubs, KC Streetcar line, dozens of restaurants, shops and entertainment venues, cultural destinations like the Kauffman Center for the Performing Arts, and forthcoming South Loop Link Park over I-670.
“On behalf of my family and our entire team at The Cordish Companies, we are excited to celebrate the grand opening of Three Light Luxury Apartments and are honored to continue playing a role in the forward momentum of downtown Kansas City,” stated Blake Cordish, Principal of The Cordish Companies. “Like its sister properties One Light and Two Light, Three Light is on par with any residential community in the country. We are extremely proud of what we have delivered with Three Light and know that it will be a vibrant addition to the Power & Light District and the Kansas City skyline for decades to come.”
Since the opening of the nine-city block Power & Light District, which is celebrating its 15th anniversary this year, downtown Kansas City has garnered national attention for its urban renaissance. The transformation has included more than $9.7 billion in public and private investment over the last 15 years, with more than 12,111 new apartment units and 5,326 new or renovated hotel rooms, as well as the KC Streetcar line. The Power & Light District, developed by The Cordish Companies, is the most visited destination in the state of Missouri welcoming over 10 million visitors per year.
“When I reckon about all of the development that’s going on around the Power & Light District, Three Light, and beyond, it’s bringing jobs, it’s bringing excitement,” said Mayor Quinton Lucas, Kansas City, MO. “To my friends at The Cordish Companies, I want to say thank you for not only taking a chance on Three Light, but on the Power & Light District in the early 2000s. Every challenge that has come along the way, from recessions, pandemics, and beyond, you have continued to build and invest and show that even if you are not originally from here, you are right Kansas Citians.”
For nearly two decades, The Cordish Companies has invested in downtown Kansas City, both new construction projects and the restoration of historic buildings including the B&B Theatre and a two-year, multi-million dollar renovation of the Midland Theatre, which first opened its doors in 1927. Earlier this summer, Cordish commenced construction on Midland Lofts, the transformation of the historic Midland Office Building – an underutilized jewel that has been vacant for more than 20 years – to 135 loft apartments. Upon completion in May 2024, Cordish will have added over 1,000 new residences to downtown KC since One Light’s opening in 2015.
“HUD is proud to have been a partner in Three Light since its inception,” said Ken Cooper, Production Division Director, U.S. Department of Housing & Urban Development. “This public private partnership brings together the strengths and expertise of both public and private sectors uniting their resources, knowledge and innovation. The Cordish team has elevated the level of apartment living in Kansas City and its downtown renaissance continues with this development team that’s passionately committed to their projects.”
Located at the corner of Truman Road and Main Street, the new 25-tale, 288-unit building includes a seven-tale parking garage with 472 spaces, as well as 7,600 square feet of ground-level retail space. With units starting at $1,350/month, there is a wide variety of unit sizes and floorplans including spacious studio apartments, one- and two-bedroom units, and designer penthouse apartment homes. Units boast floor-to-ceiling windows with inspiring city views, gourmet kitchens, premium stainless-steel appliances, luxury quartz countertops, full-size washers and dryers, and private balconies in select residences.
“We are incredibly proud to open Three Light as Kansas City’s newest downtown residential community,” said Emelyna Aurich, Director of Property Management for Cordish Living. “The preleasing momentum for Three Light has been remarkable and has exceeded our every expectation. As we open our doors, many of our unit types are 90% leased and we’re on pace to reach our target of 99% in the coming months. Our team has spent countless hours ensuring that every detail was specifically curated for this building. It is a celebration of Kansas City, from murals on the exterior of the building to memorable pieces of art throughout the inside. Everywhere you look, the city’s rich musical legacy and dynamic present day are honored.”

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ALPHARETTA, GA – Phorcys Capital Partners announced its recent acquisition of a seniors housing property located in Greensboro, Georgia. PCP was previously the supermajority creditor on the municipal bonds issued to finance the construction of the project.
The facility, known as The Glen at Lake Oconee Village, consists of 114 units, providing independent living, helped living, and memory care services. The Glen was bought for $26.45 million in August 2023. The facility will continue to be operated by SRI Management.
PCP s strategy largely focuses on seeking distressed and/or overleveraged senior living properties financed by municipal bonds located throughout the United States. Acquisition targets are typically newer vintage assets that require limited rehabilitation costs. PCP focuses on markets with attractive demographics and properties with significant value-add potential.
After years of involvement on the creditor side, we are excited to announce the acquisition of The Glen to our growing seniors housing portfolio, said Vasileios Sfyris, a Managing Partner with PCP. The Glen is located in a unique market near Reynolds Lake Oconee, a desirable area between Atlanta and Augusta.
The acquisition of The Glen expands PCP s presence as a growing player in the senior living sector.
The Glen consists of 114 units in Greensboro, Georgia, a growing exurban area halfway between Atlanta and Augusta. The area benefits from Reynolds Lake Oconee, a master-plotted community anchored by The Ritz-Carlton Reynolds, Lake Oconee. The Glen is also located on Lake Oconee, Georgia s second-largest lake. The ample recreational opportunities and location have made the area a well loved retirement destination.

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