Developers break ground on Atlanta affordable housing development with 250 available units

The development came together with a $2 million contribution by Atlanta BeltLine, Inc. ATLANTA — Developers broke ground Tuesday on an apartment building in Atlanta near the Southside BeltLine that promises to provide 250 new affordable housing units. The Skyline Apartments development on Hank Aaron Drive in Peoplestown came together by a $2 million contribution by Atlanta BeltLine Inc. […]
Exact Capital Leads Public-Private Partnership Developing 250-Unit 100 Percent Affordable Community in Atlanta

Exact Capital, a national commercial real estate development firm, is leading a public-private partnership developing 250 units of affordable housing in Atlanta. The new affordable community, Skyline Apartments, will rise on an undeveloped stretch of Hank Aaron Drive SE, a mile and a quarter from downtown Atlanta. The development has a total capitalization of approximately […]
Exact Capital JV to Build Columbia Affordable Community

The Villages at Congaree Pointe. Image courtesy of Exact Capital
Joint Venture Nabs Okla. City Rental Complex For $59M

Law360 (April 11, 2022, 4:07 PM EDT) — A venture between New York-headquartered Exact Capital and Elevate Commercial Investment Group of Texas has purchased an 850-unit residential complex in Oklahoma City for $59 million, with plans for affordable housing, advised by Arnall Golden Gregory LLP. The buyers will maintain all the apartments as affordable, according […]
Harlem’s Answer to the Shortage of Affordable Housing? Build New Co-ops

As rents soar, housing prices spike and New York City fights a losing battle to provide affordable housing, a developer in Harlem has come up with a counterintuitive approach to the problem: build new, affordable co-ops. Developers have lined up financing to build on two lots that have been vacant since at least 2009 — one at […]
850-Unit Affordable-Housing Property in Oklahoma City Sells for $59Mln

Exact Capital has paid $59 million, or $69,411/unit, for the Isola Bella Apartments, an 850-unit affordable-housing property in Oklahoma City. The New York developer purchased the property from Accord Interests of Austin, Texas. The property, at 6303 NW 63rd St., is encumbered by a $44.8 million loan that was securitized through Greystone CRE Notes Ltd., […]
Op-ed: Mayor has expanded MWBE access to city contracts

Fulfilling his promise to place equity at the center of his administration, Mayor Eric Adams significantly expanded minority- and women-owned enterprises’ access to city business, recognizing their vital role in New York’s economic recovery. The mayor’s MWBE initiatives have an aggressive goal of awarding $60 billion in city contracts by 2030, including $25 billion by […]
Diversifying who gets real estate capital will help the whole city thrive

___________ “Until those they invest in look like those who contribute their money, we’re not going to get there,” said Craig Livingston, managing partner at Exact Capital and chairman of the New York Real Estate Chamber, of pension funds. ___________ When New Yorkers list what they love most about the city, they often mention its […]
City moves ahead with trio of affordable-housing projects

The city is moving forward with a trio of affordable housing developments in Brooklyn and the Bronx despite deep cuts to the Department of Housing Preservation and Development budget. The projects—at 1921 Atlantic Ave. in Bedford-Stuyvesant, 461 Alabama Ave. in East New York and 1007 Union Ave. in Morrisania—contain 400 units of affordable housing, according to […]
Diversifying who gets real estate capital will help the whole city thrive

___________ “Until those they invest in look like those who contribute their money, we’re not going to get there,” said Craig Livingston, managing partner at Exact Capital and chairman of the New York Real Estate Chamber, of pension funds. ___________ When New Yorkers list what they love most about the city, they often mention its […]