NASHVILLE, TN – Security Properties and Enterprise Community Investment partnered to buy Hickory Hollow Towers and Colony Square Apartments. This acquisition marks the 10th and 11th joint venture between Security and Enterprise. Financing was provided by Fannie Mae through Berkadia.
Hickory Hollow is a 154-unit, senior affordable housing community located in Antioch, TN and Colony Square is an 80-unit, family affordable housing community located in Smyrna. TN. Both properties will benefit from significant renovations, including parking lot asphalt, roof repairs, energy efficiency upgrades, plumbing repairs, and community amenity improvements.
These transactions mark Security Properties’ first acquisition of affordable properties in the state of Tennessee. “We are excited about planting a flag in the Nashville MSA and investing in these communities for the future as we continue to grow our footprint in Tennessee,” said Chase Olson, Associate Investment Manager with Security Properties.
Sean Burrowes, Director, Affordable Housing added “Hickory Hollow Towers and Colony Square are vital assets that provide crucial affordable housing in a market that has seen a significant increase in rents and a decrease in market-rate affordability. Security Properties is committed to providing safe, high quality and service enriched housing at Hickory Hollow Towers and Colony Square and looks forward to ensuring that these properties remain affordable for future generations of seniors and families in the Greater Nashville area.”
Both properties will be managed by Security Properties-affiliate Security Properties Residential.

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BETHESDA, MD – Alliant Capital, a Walker & Dunlop company, announced its $40 million investment for Shiloh Crossing, a new construction of 171 Low Income Housing Tax Credit (LIHTC) units in Windsor, Sonoma County, CA.
The team, including Dudley Benoit, senior vice president and chief production officer, and Jennifer Erixon, managing director, led Alliant s LIHTC syndication of the tax credits to the project’s development and ownership team, Integrated Community Development (“ICD”) and Corporation for Better Housing (“CBH”), a California nonprofit corporation. Together, the teams will build housing for families with incomes up to 30% to 70% of the area median income (“AMI”).
“Working closely with CBH and Alliant Capital enables us to deliver on our vision and belief that our work makes communities that uplift people’s lives,” said Jake Lingo, senior vice president at ICD. “Shiloh Crossing embraces the concepts of transit accessibility, pedestrian-friendly design, inclusiveness, and sustainability to make a vibrant development that will help to alleviate the housing shortage in Windsor. Having a strong syndicator in today’s volatile market is paramount, and we are thankful for the relationship we have forged with Alliant Capital.”
“Alliant has been key in closing this property,” said Lori Koester, executive director at CBH. “Alliant has partnered with CBH to build 59 properties totaling over 3,730 units, and this one is no different. We are glad to continue to make a difference in affordable housing with Alliant by our side.”
Alliant, ICD, and CBH recently worked on a similar project in Sonoma County, a new construction consisting of 101 LIHTC units generating $26 million of federal LIHTC equity called Baumgardner Terrace.
“Alliant is pleased to work with CBH yet again on another much-needed affordable property,” said Jennifer Erixon. “Shiloh Crossing will generate $40 million in Federal LIHTC, $5.5 million in California state tax credits, and over $300,000 in energy credits. The state and federal LIHTC programs are essential tools to address the growing housing crisis throughout the country.”
Shiloh Crossing is a new construction project consisting of two buildings. The five-tale “U”-shaped North Building will have 130 units, and the four-tale mixed-use South Building will have 43 units with two large commercial spaces, administrative offices, and community space. Located in a mixed-use neighborhood in northeast Windsor, Shiloh Crossing is in a excellent location for multifamily use, and its proximity to schools, employment, public transportation, retail, and other area services is expected to have a positive impact on its marketability.
Alliant Capital, a Walker & Dunlop company, is the nation’s sixth largest LIHTC syndicator. Today, Alliant Capital’s portfolio exceeds $14 billion in assets under management and has provided housing for over 400,000 low-income families, seniors, and veterans.

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TACOMA, WA – USG Realty Capital, a leading investment sponsor specializing in opportunity zones, announced the details of its ground-up opportunity zone project, Market Square Apartments, as part of its Investors Choice OZ Fund, an investor-directed, multi-asset opportunity zone fund offering. The 176-unit fully entitled multifamily project, located in Tacoma, Washington, will also include ground-floor retail space. The property will be developed in partnership with Plus Capital Partners and is scheduled for completion in June 2024.
“When looking for our next qualified opportunity zone project to include in our portfolio, the Tacoma submarket stood out as an exceptional area that meets our strict standards,” said Greg Genovese, founder of USG Realty Capital. “Tacomahas strong fundamentals, with an impressive occupancy rate, rent growth rate and apartment sales volume, all of which have exceeded recent averages. We are very pleased to partner with Plus Capital Partners, a leading development firm, and to add Market Square Apartments to our portfolio.”
Located in the exceptional submarket of Tacoma, near Seattle, Market Square Apartments will be an eight-tale multifamily building located directly adjacent to the Greater Tacoma Convention Center and the University of Washington’s Tacoma Campus. The luxury apartment building will include several highly desirable amenities, such as a fitness center, storage for 184 bikes, a pet grooming area, a conference room, two rooftop amenity decks, two resident lounges with kitchen and dining and five laundry facilities.
Tacoma is a booming hub for tech startups and small businesses, due in part to its robust broadband infrastructure and convenient freeway and rail line access, which offers an simple commute to Seattle and its large regional employers. Major roadways Interstate 705 and State Route 509 are within 2,000 feet of the Market Square Apartments property. Several downtown Tacoma employers, including St. Joseph Medical Center and Columbia Bank, are just a small drive away. Additionally, the University of Washington’s Tacoma campus, ranked as one of the top pubic universities in the West by U.S. News & World Report, is expected to grow to 10,000 students in the upcoming years, potentially increasing demand for nearby housing. As it is located in one of the area’s six designated opportunity zones, the project also allows for potential tax benefits.

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