OKLAHOMA CITY, OK – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on The Reserve at Chisholm Creek, a 267-unit affordable housing community for individuals and families in Oklahoma City, marking LAC’s first ground-up construction project in the state of Oklahoma.
“LAC is proud to bring high-quality housing to Oklahoma City, which will make long-term access to affordable housing in one of the city’s most dynamic and growing areas,” said David Garcia, LAC Vice President and Project Partner. “The Reserve at Chisholm Creek represents our continued commitment to building sustainable, inclusive communities, and we’re grateful to our public and private partners who helped make this project possible.”
The Reserve at Chisholm Creek will feature a mix of one-, two-, three-, and four-bedroom apartments with communal amenities including a swimming pool, playground, dog park, fitness center, and clubroom for resident gatherings. Units will feature stainless steel appliances, in-unit washers and dryers, and ample storage including coat and linen closets. Additionally, the building includes a rooftop solar panel installation to offset common area electricity use, reinforcing LAC’s commitment to sustainability.
The Reserve at Chisholm Creek will lease its units to individuals and families earning up to 60% of the Area Median Income (AMI). The development was financed with a 4% non-competitive Low-Income Housing Tax Credits (LIHTC), along with tax-exempt bonds and Oklahoma state low-income housing tax credits issued by Oklahoma Housing Finance Agency (OHFA). Chase Bank provided construction financing, Barings provided the permanent loan, and US Bank bought the federal and state LIHTCs. Rosemann & Associates is the architect and CMS Willowbrook is the general contractor. The development will comply with Section 42 of the Internal Revenue Code and the Oklahoma Qualified Allocation Plot (QAP).

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LONG BEACH, CA – JPI, a leader in Class A multifamily development, in partnership with Tokyo Tatemono US Ltd. and BMO Bank, has closed on construction financing for Portico, a $150 million, mixed-use development in Long Beach, Calif. Located at 450 The Promenade North, Portico marks the first phase of the highly anticipated Mosaic redevelopment project, formerly known as City Place Long Beach.
Slated for delivery in 2028, Portico will feature 272 multifamily units, including studio, one-bedroom, two-bedroom, and three-bedroom apartments – 16 of which will be designated as affordable housing units. The development will also include 18,841 square feet of ground-floor retail, offering direct access to the pedestrian promenade and enhancing the area s walkability and vibrancy
This project represents a key step forward in reimagining Downtown Long Beach, said Mollie Fadule, Chief Financial and Investment Officer at JPI. With the support of Tokyo Tatemono US Ltd. and BMO Bank, we are not just building homes, we are making a destination that blends housing, retail, and culture into a thriving urban experience.
Residents will delight in a suite of elevated amenities, including a speakeasy, rooftop deck, sports simulator, sauna, and pool deck overlooking the Mosaic shopping center. Public art murals will adorn the building s brick façade.
The broader 14-acre Mosaic redevelopment, led by Turnbridge Equities, Waterford Property Company, and Monument Square Investment Group, will ultimately deliver 900 multifamily residences and 38,000 square feet of commercial space, transforming the heart of Long Beach into a dynamic live-work-play environment.

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DALLAS, TX – Clover Capital Partners announced the successful acquisition of The Woodlands of Plano. Located in Northeast Plano, this well-positioned community represents a fully stabilized value-add opportunity with 232 units across a mix of one, two, and three-bedroom floor plans.
The property includes assumable fixed-rate debt at 3.02% with a full 10 years remaining, providing exceptional long-term interest rate security, positive arbitrage and downside protection.
Plano offers proximity to major employers like Toyota, Frito-Lay, and Texas Instruments, making it a prime location for residents. The property is close to attractions such as Downtown Plano, Legacy West, The Shops at Willow Bend, and Oak Point Park, providing a mix of urban convenience and outdoor recreation.
A primary driver for the area and its residents is its location within the highly desirable Plano ISD, which is consistently ranked among the top districts in DFW. The metroplex remains the nation’s fastest-growing market for jobs and population growth, and is expected to gain 180,000+ new residents in 2025 alone.
We are incredibly grateful for the continued confidence and support of our investor partners, whose commitment makes opportunities like this possible. We would also like to extend a special thank you to CBRE for their partnership and execution in bringing this transaction to the end line.
We would also like to recognize our legal counsel, Platt Richmond, for their diligence and hard work throughout this transaction. Their guidance, responsiveness, and attention to detail were critical in navigating the legal complexities of the acquisition and helping ensure a smooth closing process.
“This marks an exciting step forward for our firm. Clover looks forward to executing our business plot, making more long-term value for our residents and investors, while maximizing returns and minimizing risk,” says Co-Founder Bryan Harlan.

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