AUSTIN, TX – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, has broken ground on Interport, a residential development that brings best in-class rental housing, within a mile of Tesla’s Gigafactory and Global Headquarters.
“We’re really excited to be able to bring Interport to the Del Valle neighborhood, an area of Austin that has an immense need for housing,” Alex Perkins, Director of Development, said. “The community itself will feature a large clubhouse with indoor-outdoor fitness and coworking spaces. Given the community’s proximity to Tesla’s Headquarters, sustainability and ample greenspace were major driving forces behind the design. This area is ripe for growth, and we are excited to help pave the path for other major developments to come.”
Interport, a garden style community, will have 396 apartment homes in studio, one-, two-, and three-bedroom floorplans that range from 609 to 1,548 sq. ft. Each one will feature high-end finishes with stainless steel appliances and other luxury touches.
The outdoor amenities headline the amenity offerings. The community will feature a large central park in the middle of the community that will include a dog park and beer garden, along with a luxury pool, outdoor kitchen and lounge space, a pickle ball court and fitness lawn, and a community garden. The clubhouse was designed in partnership with Meeks Partners and Michael Hsu Office of Architecture and will feature interior spaces such as an indoor-outdoor coworking study and library, two clubrooms, and a fitness facility programmed by Technogym. Additionally, the community will have EV chargers available.
The community expects to start preleasing in late 2023 with the first units delivering in early 2024.

Powered by WPeMatico

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.

Powered by WPeMatico

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.

Powered by WPeMatico