BETHESDA, MD – Walker & Dunlop announced that it has arranged $232,352,000 in financing for a portfolio of five multifamily properties totaling 1,585 units across Arkansas and Florida. The portfolio consists primarily of workforce housing and includes one income-restricted affordable housing community.
Walker & Dunlop Capital Markets Real Estate Finance arranged the financing on behalf of long-time client, Aspen Square Management. Connor Locke, Harvey Pava, Brendan Coleman, and Skye Stansbury secured a single 10-year, fixed-rate, interest-only loan through a new Tier 3 Fannie Mae credit facility. The credit facility is collateralized by five quality workforce housing communities.
“This transaction reflects the strength of our longstanding relationship with Aspen Square and Fannie Mae,” said Connor Locke, managing director of Capital Markets Real Estate Finance at Walker & Dunlop. “By combining high-quality workforce housing with a customized credit facility, we delivered an accretive financing solution that supports Aspen Square’s long-term investment strategy while helping preserve housing affordability across multiple markets.”
The transaction marks Aspen Square’s 16th Fannie Mae credit facility and its eighth completed with Walker & Dunlop, highlighting the enduring partnership among the borrower, lender, and financing team.

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PALM BEACH GARDENS, FL – Rockpoint, a Boston-based real estate private equity firm, and The Kolter Group, a Florida-based diversified real estate development and investment firm, announced that their affiliates have entered into a joint venture to develop The Sutton, a 432-unit multifamily apartment community in Palm Beach Gardens, Florida. The transaction includes the acquisition of the land and development of the site and PNC Bank provided the financing for the project.
The Sutton, which is scheduled to be completed in 2028, will comprise 432 studio, one-, two-, and three-bedroom apartments and surface parking. The site is centrally situated in Palm Beach Gardens with convenient access to I-95 and the Florida Turnpike, enabling regional connectivity to Palm Beach County’s key employment and retail centers. Residents will benefit from proximity to nearby premier retail, dining, shopping and entertainment options, as well as convenient access to the coast and public beaches as well as public parks, premier golf courses, and recreation areas where residents can delight in the outdoors.
“Rockpoint has been active in South Florida multifamily investing for more than a decade, and our selective development strategy allows us to focus on submarkets like Palm Beach Gardens that are highly supply constrained and have demand for newer vintage apartment living,” said Dan Domb, a Managing Member and COO at Rockpoint. “We’re excited to enter this partnership with the Kolter team to develop this unique property.”
“Rockpoint’s team is experienced and well-regarded, and their values and platform align well with Kolter’s,” said Howard Erbstein, COO of The Kolter Group. “It’s a fantastic foundation to capitalize on further investments together across our various businesses.”
The property will feature best-in-class amenities, including a resort-style pool, state-of-the-art fitness and wellness spaces including a group fitness room, co-working rooms, resident lounge, dog park, children’s playground, and a maker’s studio. Unit interiors will feature high-quality finishes including stainless steel appliances, quartz countertops, and luxury vinyl tile flooring.
Rockpoint, along with its predecessor firm, has a longstanding history of investing in the residential sector and has closed on or committed to 146 residential investments since 1995, comprising approximately 100,000 multifamily units. The firm continues to strategically target opportunities in high-barrier-to-entry markets with strong demand drivers and where it can make value through active asset management and repositioning strategies.

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BEVERLY HILLS, CA – Kennedy Wilson, a global real estate investment company, and Jamison, a leading Los Angeles multifamily development firm with experience in high- and low-rise construction and adaptive reuse conversions, have entered a new strategic partnership with plans to deliver 4,000 affordable housing units across Los Angeles through adaptive reuse and ground up construction.
The partnership is between Jamison’s newly launched affordable housing division, Arden Residential, and Kennedy Wilson s affordable housing development joint venture, Vintage Housing. It will start with the conversion of the former LA World Trade Center at 350 S. Figueroa Street, which will be re-branded as Sky Castle. The 400,000-square-foot office complex will be converted into 512 affordable units offering a mix of one-, two- and three-bedroom floor plans. Each unit will feature new kitchens and bathrooms with appliances and an operable window as well as modern community amenities including community rooms available for resident events, a dedicated co-working space, a resident lounge, on-site storage, laundry rooms throughout the property, and mail parcel rooms.
Phase I, which is expected to start in August 2026, will focus on the building s concourse levels to deliver 241 affordable housing units for families earning 30% to 80% of Area Median Income (AMI). Phase II, plotted for the office tower above, will add 271 affordable units. The World Trade Center residential conversion is endorsed by Los Angeles government leaders and approved by the city under the new adaptive reuse ordinance.
The new joint venture leverages Kennedy Wilson s deep expertise in affordable housing development. In 2015, Kennedy Wilson bought an equity stake in Vintage Housing, an industry leader in delivering affordable, long-term housing solutions for qualified working families and active senior citizens, and has since helped grow the platform from 5,000 to over 13,000 units across the Western United States.
This strategic partnership between Jamison and our Vintage Housing platform is all about providing much-needed affordable housing in our backyard, the City of Los Angeles, said Nicholas Bridges, Global Head of Capital Markets at Kennedy Wilson. Built on a relationship spanning decades, our strategic venture brings together Jamison s extensive real estate portfolio and multifamily expertise with Kennedy Wilson s affordable housing development capabilities to accelerate delivery of approximately 4,000 affordable housing rental units across the city. Together, Kennedy Wilson and Jamison are committed to delivering housing solutions that address the city s affordability challenges while making a lasting, positive impact for Los Angeles communities.
“Kennedy Wilson s Vintage Housing platform is the ideal partner given our shared long-term vision, institutional strength, and operational excellence, while Jamison will bring its deep local market knowledge and hands-on development expertise, said Garrett Lee, Chief Executive Officer, Jamison. Together, we will develop thoughtfully designed housing for families, seniors, and communities through both adaptive reuse conversions and ground-up construction in transit-oriented, job-rich neighborhoods that provide residents with access to the opportunities and services that make Los Angeles thrive.”
The partnership between Kennedy Wilson and Jamison reflects both entities commitment to the city and their shared vision of expanding affordable, high-quality housing for residents. At a time when affordable housing remains one of Los Angeles most pressing challenges, this joint venture represents an actionable step toward delivering accessible housing opportunities for individuals and families across a range of income levels. The joint venture is committed to advancing innovative housing solutions, revitalizing underutilized properties, and contributing to the development of vibrant communities that support the city s long-term growth and economic vitality.

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