COLUMBUS, OH – The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, announced the grand opening of The Lofton, a 245-unit family-focused housing community in Columbus s South High neighborhood. Developed in partnership with the City of Columbus and faith-based nonprofit Community Development for All People, the project features thoughtfully designed homes serving households earning between 30% and 80% of the Area Median Income (AMI).
The Lofton represents a meaningful step forward for Columbus as the city grows in population and job opportunities, said Aaron Pechota, Executive Vice President of Development at The NRP Group. We and our partners designed these homes for the families that power the city, with spaces that foster connection, growth and stability. Together, we ve made a development that will anchor the South High corridor and support its continued growth for generations.
Located just off of South High Street at 55 Fornof Road, The Lofton is designed for families, and more than half of all residences are a mix of three- to four-bedroom homes. A 3,500 square-foot commercial space on the first floor is reserved for a daycare operator to support the needs of residents and the surrounding community.
Transformative projects like The Lofton help unlock the full potential of our city, said Columbus Mayor Andrew Ginther. Through a combination of public and private investment, we are bringing new housing, new energy and new opportunities to the South High neighborhood, setting the stage for more people to live, work and thrive in Columbus.
The Lofton offers simple access to downtown Columbus, the Small North Arts District, the Arena District and Nationwide Children s Hospital, as well as public transit along the South High corridor. Retail, dining and entertainment options are within walking distance, while major employment hubs and educational institutions, including Columbus State Community College, are minutes away.
The new community was designed by MA Design, a women-owned Columbus firm with a 45-year history specializing in family-oriented and affordable housing. Apartments feature fully equipped kitchens, modern cabinetry, luxury vinyl plank flooring, and walk-in closets. Residents will have access to onsite parking, elevators, package concierge services and laundry facilities.
The Lofton offers residents a robust suite of amenities that encourage connection, wellness and convenience. Indoor amenities include a fitness center, community room and spaces for gatherings and recreation. Outdoor areas feature walkable paths throughout the property, a playground and landscaped open spaces designed for interaction and daily activity.
Development and financing partners include KeyBank, which provided construction and permanent financing, Hudson Housing Capital and support from the City of Columbus and Franklin County through local bond and rental housing programs.
The Lofton is a strong example of how thoughtful partnerships can produce housing that s both financially sound and socially impactful, said Marisa Rodriguez, Vice President at Hudson Housing Capital. We re honored to have played a role in bringing this vital resource to the South High community.
Co-developer Community Development for All People helped guide the project s focus on larger homes and community-oriented spaces, building on prior collaborations with The NRP Group in Columbus, including Parsons Village Senior Apartments and the Residences at Career Gateway.
The Lofton is the most recent demonstration of our commitment to providing high-quality, affordable housing, said Mike Premo, Executive Director at Community Development for All People. With this project marking our fifth partnership with The NRP Group, we re proud to play a pivotal role in fostering vibrant communities where residents have access to safe, comfortable, and affordable homes that will enable them to not just live, but thrive.
The Columbus metro area remains a priority market for The NRP Group. The firm has developed nearly 2,000 units across more than 10 properties in the city, and has developed more than 5,000 rental homes across the state of Ohio since 1994.

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ORLANDO, FL – CIM Group, together with a joint venture partner, announced the acquisition of Overture Hamlin, a 180-unit, 55+ active adult multifamily community in Orlando, FL. Located at 5795 Citrus Village Blvd. in the Winter Garden submarket west of Downtown Orlando, Overture Hamlin is a 157,612-square-foot active adult community designed for residents aged 55 years and older.
Built in 2021, the property offers stylish one- and two-bedroom residences with modern finishes and an extensive array of resort-inspired amenities, including a resort-style pool, fire pits, outdoor grills, fitness center, yoga studio, bocce ball court, resident lounge, gaming area, theater, arts and crafts room, demonstration kitchen and business center. Residents can delight in a diverse range of fitness classes, continuing education programs and social events that foster engagement, well-being and community connection.
Overture Hamlin is situated in a prime location with convenient access to lifestyle amenities, employment centers and public recreation. The property is within walking distance of Hamlin Town Center, a nearly two-million-square-foot lakefront mixed-use destination featuring retail, dining, entertainment and medical services in the heart of Horizon West, one of the fastest growing master-plotted communities nationally according to the Orlando Economic Partnership.
This acquisition underscores CIM Group s commitment to the active adult and senior living sector, a growing area of focus as the firm responds to strong demographic trends driving demand for housing and lifestyle options tailored to the 55+ population.
For 30 years, CIM Group has applied its community-focused investing approach by utilizing its broad expertise in owning, developing, repositioning, and operating real estate assets to enhance communities throughout the Americas.

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LOS ANGELES, CA – Eagle Partners announced the closing of a $107-million affordable housing preservation acquisition, The Hills at Hacienda Heights, a 350-unit apartment community in the San Gabriel Valley of Los Angeles. Eagle Partners’ acquisition will make long-term affordability for the community and will enhance the quality of the asset through targeted capital reinvestment.
Eagle Partners, a vertically-integrated multifamily real estate investor and operator, partnered with Red Stone Equity Partners, JPMorgan Chase, California Housing Finance Agency (CalHFA), and Affordable Housing Access to do upon the market-to-affordable conversion.
Eagle Partners will restrict up to 350 units to households earning up to 80% of Area Medium Income (AMI) with an emphasis on minimizing tenant displacement.
“There is substantial need to increase access to and maintain the quality of attainable housing across Southern California and beyond,” said Taylor Friend, a Managing Partner of Eagle Partners. “We are proud to partner with best-in-class organizations to find creative ways to meet the needs of the community while also making value for our investment partners.”
The Hills at Hacienda Heights will be the second – and largest – CalHFA affordable housing preservation equity transaction in California.
“As part of the state’s overall housing finance strategy, CalHFA is continually exploring creative ways to boost and preserve the supply of affordable housing for Californians earning low to moderate incomes,” said CalHFA Executive Director Tony Sertich. “We are thrilled to be part of this collaboration that will preserve affordability for so many deserving families.”
Red Stone Equity Partners, a leading real estate investment firm specializing in affordable housing, partnered with JPMorgan Chase to do the transaction. As a market leader in affordable housing and long-standing investment partner of Red Stone, JPMorgan Chase provided the majority of the capital for the investment. The investment is a part of Red Stone’s Preservation Equity platform, which utilizes private market solutions to buy and preserve existing affordable rental housing throughout the country.
“Investing in The Hills at Hacienda Heights’ affordable conversion alongside Eagle Partners represents the kind of strategic collaboration that Red Stone seeks with sophisticated operators as we continue to prudently deploy impact capital into affordable housing,” said Brian Fishback, Director of Alternative Investments at Red Stone Equity Partners. “This transaction reflects our commitment to preserving affordability, and we look forward to seeing the lasting impact this investment will have for residents and the broader Hacienda Heights community.”
Situated on approximately 10.5 acres and originally built in 1970, The Hills at Hacienda Heights is a recently renovated community of 1-, 2- and 3-bedroom homes offering a multitude of high-quality amenities, including a gym, business center, three pools and a spa, and expansive open areas. The community represents nearly 40% of all apartment inventory in Hacienda Heights.
“This acquisition underscores what is possible when sophisticated capital aligns with a clear purpose, and that positive impact can be married with compelling financial returns to better the communities that we operate within,” said Shahny Lutfeali, a Managing Partner of Eagle Partners. “In addition, we want to thank Kevin Green and the Institutional Property Advisors team for their collaboration throughout the sales process.”

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