City of Dallas buys an apartment complex to turn into affordable housing
City of Dallas buys an apartment complex to turn into affordable housing The deal will save residents $250 each month on their monthly rent payments. A car passes by The Briscoe Apartments in Dallas along Banner Drive, which has been acquired by an affiliate of the city of Dallas to create affordable housing.(Liesbeth Powers / […]
California Struggles Deepen in Solving ‘Missing Middle’ in State’s Housing Puzzle
California’s Struggles Deepen in Solving ‘Missing Middle’ in State’s Housing Puzzle Efforts To Address Lack of Housing Fall Short as Demand Rises Market-rate apartment complexes such as the MODA at Monrovia Station in Southern California have been acquired by investors to convert to housing for middle-income renters. (CoStar) More than a third of California’s […]
California’s New Plan for Housing Middle-Income Essential Workers
California’s New Plan for Housing Middle-Income Essential Workers Last year, this structure helped create nearly 14,000 units, notes Lauren Seaver of Opportunity Housing Group. More than 4 million middle-income workers in California are facing a crisis of not being able to live where they work. The lack of housing for the “missing middle” is causing […]
Conversion planned for East Bay apartment complex that just sold for $304M
Conversion planned for East Bay apartment complex that just sold for $304M Danville-based Opportunity Housing Group has plans to convert nearly 500 homes in the East Bay into workforce housing. The real estate investor, in partnership with the California Statewide Communities Development Authority (CSCDA), acquired the 484-unit Wood Creek Apartments in Pleasant Hill for $304 million just […]
Opportunity Housing Group Buys Pleasant Hill Apartment Complex for $304MM, Bringing 2021 California Investment Volume to $900MM
Opportunity Housing Group Buys Pleasant Hill Apartment Complex for $304MM, Bringing 2021 California Investment Volume to $900MM Danville, CA and Pleasant Hill, CA — Opportunity Housing Group (OHG), a Danville CA-based company creating workforce housing for Californians, today announced the Dec. 28, 2021 acquisition closing for the 484-unit Wood Creek Apartments at 637 Stonebridge Way […]
Demand for ‘middle income’ housing drives San Francisco North Bay apartment deals
Demand for ‘middle income’ housing drives San Francisco North Bay apartment deals Deals for larger multifamily properties in the North Bay have been hot for similar reasons why deal-making has been sizzling for single-family homes in the region. And helping to fuel these apartment-complex purchases are public-private partnerships that link investments floated by cities and […]
Opportunity Housing & CSCDA Acquire Park Crossing Apartments in Fairfield for $83.5MM
Opportunity Housing & CSCDA Acquire ParkCrossing Apartments in Fairfield for $83.5MM (EDITOR’S NOTE: According to sources with knowledge of the transaction details, the property sold for$83.5 million, or $417,500 per unit.) Fairfi eld, CA (Dec. 20, 2021) — Opportunity Housing Group (OHG), a Danville CA-based company creatingworkforce housing for Californians, today announced the $83.5 million […]
Lauren Seaver named Bisnow 2021 Bay Area Power Women
Lauren Seaver named Bisnow 2021 Bay Area Power Women BISNOW 2021 BAY AREA POWER WOMENHONORING CURRENT & NEXT GENERATION LEADERS IN COMMERCIAL REAL ESTATEEvent Ended On: Thursday November 18 2021 EVENT HOSTTHE MILLS BUILDING The Mills Building is a 470,000 RSF San Francisco landmark with singular historical, architectural and aesthetic interest. Average floorplates in the […]
The Broken Rungs Of San Francisco’s Housing Ladder: A Problem Money Alone Can’t Fix
The Broken Rungs Of San Francisco’s Housing Ladder: A Problem Money Alone Can’t Fix Last month’s decision by the San Francisco Board of Supervisors to shut down a 495-unit housing project on the site of a Nordstrom parking garage prompted outcry by housing proponents desperate to increase the much-needed stock of housing in the Bay Area. The […]
Opportunity Housing Group Buys 2 Communities for $183M
Opportunity Housing Group Buys 2 Communities for $183M Opportunity Housing Group has continued its workforce housing initiative by acquiring two Santa Rosa, Calif., communities in partnership with a California state agency. The company acquired the pair of properties totaling 457 units alongside the California Statewide Communities Development Authority (CSCDA) for a total of $183 million. […]
