BINGHAM FARMS, MI – FOURMIDABLE, a national real estate management and brokerage company specializing in family and senior government helped, public housing, tax credit, rural development, market rate, and condominium communities, has been awarded the management contract for Evergreen-Regency in Flint, Michigan.
Evergreen-Regency is a Section 8 property consisting of 365 one, two, three and four bedroom homes ranging from 518 to 1,610 square feet and is the largest subsidized community in the Flint area. Electricity and water are included in the income based rents. The community also offers private entrances, fully equipped kitchens, hardwood floors, washer/dryer hookups and basements in select townhomes.
Evergreen-Regency was recently bought by Evergreen Apts LLC out of New York. The ownership group has plans to improve the units with new cabinets and flooring as well as building components and structural improvements. A name change is also in the works.
“FOURMIDABLE, who is celebrating their 45th anniversary this year, has experience managing affordable housing and maximizing assets for their clients. Our goal is to use this expertise to optimize management and provide quality housing for the residents at Evergreen Regency,” said Michael Schocker, President of FOURMIDABLE.

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TIGARD, OR – Canyon Partners Real Estate, ScanlanKemperBard Companies and Diamond Investment Group announce their joint venture in the development of The Overland, a 219-unit apartment project in the Portland suburb of Tigard, Oregon. Canyon invested $24.4 million of equity into this project, which is located in a qualified opportunity zone.
The joint venture also secured a construction loan from Bank OZK. SKB is the lead project sponsor and developer, spearheading a team including DIG and Greenlight Development. Construction will commence immediately and is scheduled for completion in the summer of 2022.
Located in the Tigard Triangle at the northeast corner of SW Dartmouth Street and SW 72nd Avenue, the project benefits from its close proximity to retail, restaurants, and outdoor activities as well as convenient access to the area’s major employment hubs, including downtown Portland, the Oregon Health & Science University, Beaverton, and Hillsboro.
“We’re extremely excited to partner with Canyon, DIG and Greenlight, and break ground on SKB’s first Opportunity Zone development,” said SKB’s Senior Vice President of Acquisition and Development, John Olivier. “We greatly appreciate the City of Tigard’s leadership and help in making the Tigard Triangle’s latest development a reality.”
“The Overland project is a huge stepping stone for the Tigard Triangle. The neighborhood is currently undergoing the development of hundreds of affordable homes, and The Overland will enhance income diversity and new street level retail activity in the area,” said the City of Tigard Community Development Director, Kenny Asher. “This project is a significant contribution in making the neighborhood walkable and inclusive.”
The Overland will feature 219 apartments consisting of a mix of studio, one-, two-, and three-bedroom units, in addition to ground floor retail space. Community amenities will include an outdoor courtyard, fitness center, and secure parking.
Over the last five years, Canyon has invested over $900 million in debt and equity in multifamily investments nationwide, supporting the financing of approximately $3 billion of project capitalization. This investment marks Canyon’s fifth joint venture equity investment into opportunity zones since the regulations were enacted.

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FORT MILL, SC – Watercrest Senior Living Group and equity partner, Waypoint Residential announced the opening of Watercrest Fort Mill – Indian Land Helped Living and Memory Care in South Carolina. Construction of the 107-unit, resort-style senior living community has been completed by Shiel Sexton and the community is currently welcoming its founding residents.
Watercrest Fort Mill – Indian Land offers 75 helped living and 32 memory care apartments with premium accommodations, resort-style amenities, and world-class care. Residents will delight in pampering in elegant Spa W, savor private mark Watercrest wines at the wine bistro, and relish the flavors of locally grown, seasonal ingredients and organic fare whether dining outdoors, bistro-style, or in the chef’s private dining room.
The innovative design of the community includes a stunning promenade, pool, fireplace, signature water wall, multiple dining venues, and children’s play space. Watercrest’s uniquely designed Market Street Residence showcases an ‘outdoor’ streetscape with salon and spa, bakery, post office, and numerous LifeBUILT programming touches; a highlight and crucial element of their multi-sensory memory care programming.
“Thanks to our collaborative partnerships with Waypoint Residential and Shiel Sexton, we are thrilled to announce the opening of Watercrest Fort Mill-Indian Land,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group. “We look forward to welcoming new associates, developing long-lasting relationships within the community, and serving our future residents with spectacular service and individualized care.”
Watercrest Senior Living Group was founded by Marc Vorkapich, CEO, and Joan Williams, CFO, to honor our mothers and fathers, aspiring to become a beacon for quality in senior living by surpassing standards of care, service and associate training. Watercrest senior living communities are recognized for their luxury aesthetic, exceptional amenities, world-class care, and innovative memory care programming offering unparalleled service to seniors living with Alzheimer’s and dementia.

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