DALLAS, TX – Elizabeth Property Group (EPG) has closed on the acquisition of a portfolio of six Low Income Housing Tax Credit (LIHTC) apartment properties located in Houston, Dallas-Fort Worth, Beaumont, Huntsville, Bryan-College Station, and Wichita Falls, TX. The portfolio totals 1,444 units of affordable housing with the capacity to house an estimated 3,000 tenants. Funds affiliated with American South Fund Management partnered with Dallas-based Elizabeth Property Group (EPG) to buy and renovate the portfolio.
All units will continue to be affordable for renters at incomes less than 60% of the Area Median Income (AMI) through 2042 and 2043. The developments are located in census tracts with an average poverty rate of 36% and a 75% average minority population. Renovations will include deferred maintenance, painting, and replacing of flooring within units, exterior and landscaping upgrades. No tenants will be displaced because of renovations.
The six investment properties located in the Dallas and Houston regions are: Willow Green in Houston (336 units), Woodglen Park I & II in Duncanville (232 units), Pine Club in Beaumont (232 units), Ridgewood West in Huntsville (232 units), Saddlewood Club in Bryan (232 units), Tealwood Place in Wichita (180 units).
“The Texas LIHTC Portfolio exemplifies Elizabeth Property Group’s mission of maintaining quality affordable housing for local residents,” said Tisha Vaidya, Co-Founder and Principal of Elizabeth Property Group. “We are thrilled to be partnering with ASFM once again to preserve critically needed affordable housing throughout Texas.”
“Preserving 1,444 affordable units for low-income Texans is the type of project that meets the core of our mission,” said Deborah La Franchi, ASFM Managing Partner. “Our funds’ investment with EPG ensures that all of these units will be LIHTC for the next 20 years.”
“We are delighted to be investing with EPG in Texas again,” said David Alexander, ASFM Managing Partner. “EPG’s commitment to increasing and renovating affordable housing throughout Texas aligns with ASFM’s goals to support disadvantaged-income earners and spur local economic development.
Since 2018, ASFM’s impact funds have made 22 investments in throughout the American south, totaling $96 million in equity investment.

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DORAL, FL – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in partnership with CPPIB, announced the topping off of The Dori, Quarterra’s latest community in Doral, Fla.
The Dori, a 222-home mid-rise community, is inspired by nature and designed to complement both the lifestyle and natural surroundings in South Florida. With the Everglades, Florida Keys and Miami Beaches as a backdrop, The Dori emits a balance of clean, natural, earthy and active elements. The community earned a National Green Building Standard bronze certification for its environmentally friendly design, which features energy-saving smart home technology.
“The Dori takes its cues from its surroundings and is strategically designed to capture the inherent aesthetics of South Florida,” said Michael Pelzcar, Vice President of Development for Quarterra. “Community features incorporate water to invoke the nearby Everglades and Atlantic beaches, and the extensive amenities package encourages a healthy and active outdoor lifestyle. To minimize the community’s carbon footprint and help to preserve the environment that inspired its design, The Dori will feature green elements and smart home features throughout.”
Located at 4760 NW 85th Ave., The Dori provides residents with in-neighborhood opportunities, as well as simple access to the rest of the Miami Metro Area. Local destination restaurants include Bulla Gastrobar, Dragonfly Izakaya & Fish Market, Crema, Ceviche Gastrobar, BLT Prime, The Doral Yard, Pisco Y Nazca and Las Vegas Cuban Cuisine. Shopping and entertainment can be found at the Downtown Doral Arts District, Doral Farmers Market and CityPlace Doral, with groceries and essentials at nearby Publix. Downtown Doral Park and the Doral Cultural Arts Center are just blocks away.
Positioned near NW 87th Ave., as well as NW 47th Street, The Dori puts residents just a small drive from main thoroughfares into Coral Gables and Miami. The prime connectivity also makes convenient commutes to major regional employers, including Miami Dade Country, Miami Airport, Carnival Cruise Lines and Univision. Sports enthusiasts can also easily catch their hometown teams at Loan Depot Park, home of the Florida Marlins; FTX Arena, home of the Miami Heat; and, Hard Rock Stadium, home of the Miami Dolphins. The community will include a seven-tale parking garage with 10 spaces equipped for EV charging.
The Dori will consist of studio, one-, two- and three-bedroom apartment homes, ranging from 548 to 1,468 square feet. All homes are equipped with smart thermostats and smart access controls, with wood plank luxury vinyl tile throughout. Designer kitchens feature pendant lighting over the islands, as well as undercabinet lighting, quartz countertops, tile backsplashes, electric flat top stoves, and GE side-by-side refrigerators in most homes. Bathrooms include quartz countertops, tile flooring, walk-in showers and tile surrounds. Select bedrooms are designed with walk-in closets.
Common areas include a resort-style pool with covered cabanas, a water feature, clubroom with a social lounge, fitness center featuring a flex fitness/yoga room, and a Hoist MotionCage Studio, as well as cardio and strength equipment. Residents can also take advantage of a top floor skylounge with billiards table, co-working offices and podcast studio, pet park and pet wash room, package room with refrigeration, and a locked bike storage room.

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KANSAS CITY, MO – The Cordish Companies announced that construction has commenced on the transformation of the historic Midland Office Building into Midland Lofts, a 135-unit residential building. Midland Lofts will sit in the midst of the burgeoning downtown Power & Light District neighborhood, directly connected to the legendary Midland Theatre and steps away from Cosentino’s Downtown Market, Kansas City Live!, T-Mobile Center, Genesis Health Clubs, the KC Streetcar line, dozens of restaurants, shops and entertainment venues, and cultural destinations like the Kauffman Center for the Performing Arts.
“We are keen to bring the historic Midland Office Building back to life as Midland Lofts,” said Marnie Sauls, executive director of Residential Management for Cordish Living. “The residential renaissance of downtown Kansas City started with historic conversions, and we reckon it is fitting as we start this next phase of the renaissance that we are adding both new construction with Three Light and a historic renovation of the highest quality with Midland Lofts to the Power & Light District.”
“We’re so thankful for the entire team at The Cordish Companies and for their vision, dedication and passion for Kansas City,” said Brian Platt, City Manager of Kansas City, MO. “What is really vital about the work that Cordish does is it’s not the just same thing over and over. This is not a copy and paste project. This is an adaptive reuse of a historic building that is going to be a unique space. It’s filling some of the holes in our market and it’s so vital to us that we have options for downtown residential living. We’re so excited about the vision for downtown and all that this project brings to the City.”
For nearly two decades, The Cordish Companies has invested in downtown Kansas City, both with new construction projects and the restoration of historic buildings including the B&B Theatre, the Midland Theatre, and now Midland Lofts. In 2008, Cordish and AMC completed a two-year, multi-million dollar renovation of the Midland Theatre, which first opened its doors in 1927. Since the renovation, the celebrated Kansas City venue has welcomed millions of guests and hosts hundreds of events each year.
The adjacent office building, an underutilized historic jewel that has been vacant for more than 20 years, will be renovated to include 135 gorgeous, airy loft apartments for rent featuring multiple open-concept studio and one-bedroom floor plans. Once complete, Midland Lofts will feature an impressive street-level lobby with large windows bringing in natural light, multiple seating areas for conversation and entertainment, and a suite of amenities and services for renters.
“The Midland Lofts renovation is a significant step in the direction of making Kansas City more broadly accessible to the downtown workforce,” said Emelyna Aurich, director of Property Management for Cordish Living. “We are extremely excited to be introducing so many apartment units to the Power & Light District that are priced below $1,000 per month and we firmly believe The Midland Lofts can be a catalyst for the development of more moderately priced apartment units downtown – both growing our density and making the community more moderately priced.”
The architecture and the interior design of Midland Lofts will reflect the rich history and unique character of the building and theater while channeling the upscale finishes and design of One Light, Two Light and Three Light. Local Kansas City architecture and design firm Helix is the project architect for Midland Lofts. Helix was also the project architect for the historic renovations of the Midland Theatre and Mainstreet Theaters in the Power & Light District. Each living space has been meticulously designed with quartz countertops and tile backsplash, stainless steel appliances, custom closet organizers, porcelain tile bathroom floors, in-unit washers and dryers, and oversized windows that show off incredible views of downtown.
RD Jones + Associates, an award-winning full-service design firm specializing in interior design and architecture, is leading the interior design for Midland Lofts’ amenity spaces.
“The renovation and adaptive reuse of the Midland Building into modern and gorgeous apartments will positively contribute to the ongoing revitalization of downtown Kansas City,” said Helix Principal Jay Tomlinson, FAIA. “It not only reflects Helix’s mission of breathing new life into historic buildings, but the most sustainable building is one that is already built. The Midland Building has long been regarded as an underutilized historic jewel, and its renovation ensures that this magnificent piece of architecture will remain functional and relevant in the modern era.”
“With today’s Midland Lofts celebration and Three Light set to open on September 1, we are thrilled to be bringing even more new downtown living options to the Power & Light District,” said John Moncke, president of the Kansas City Power & Light District. “Midland Lofts marries the rich history of Kansas City with a modern, elegant lifestyle and will provide additional first-class residential options at accessible price points. For the past 15 years, we have invested in building a world-class community downtown, with historic renovation and new construction projects alike, a look forward to continuing our commitment to downtown Kansas City.”

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