The deal continues the trend of investors seeking suburban workforce housing properties, and the team said financing remains available for multifamily deals.
CGI+ is betting on a 4% rent growth each year for the next few years on the properties.
Affordable housing in Dallas-Fort Worth is needed, but negative misconceptions about the product and rising construction costs create roadblocks.
Enterprise Community Development's Brian McLaughlin worked at a mix of public and private organizations on his way to leading an affordable housing nonprofit.
The Biden administration has unveiled changes to promote lower-end housing development.
Increased competition is lowering return expectations for multifamily investors, but that tightening is being offset by record levels of rent growth.
Dantes Community Partners and Jonathan Rose Cos. plan to preserve 372 of the 930 workforce housing units as income-restricted affordable apartments.
The U.S. residential industry is going bananas. Will there be a hard landing or a mere cooling off?
President Joe Biden has unveiled a five-year Housing Action Plan laying out executive and legislative actions to address the nation's housing crisis.
Apartment same-store rents were a positive highlight in 2022.
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