National Green Building Standard

CPP Announces Development of Affordable Housing Community in Monroeville, Pennsylvania

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Tuesday, November 14, 2023

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MONROEVILLE, Pa., Nov. 14, 2023 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the planned renovation of Cambridge Square Apartments, an affordable housing community just 14 miles east of downtown Pittsburgh.

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MONROEVILLE, Pa., Nov. 14, 2023 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the planned renovation of Cambridge Square Apartments, an affordable housing community just 14 miles east of downtown Pittsburgh.
This property is CPP’s second investment in Pennsylvania, having acquired Allegheny Commons in downtown Pittsburgh earlier this year.
The new community building will include space for resident meetings and gatherings, maintenance storage space, and leasing offices.
“With the development of Cambridge Square Apartments, CPP is expanding its footprint in Pennsylvania and doing our part in the revitalization of the greater Pittsburgh area,” said Seth Gellis, President of CPP.

Belmont Village Senior Living Opens Coral Gables Community in Collaboration with Baptist Health South Florida

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Friday, November 10, 2023

Belmont Village Senior Living , an esteemed senior living developer, owner and operator, and Baptist Health South Florida , South Florida’s largest health care organization, celebrated their landmark partnership at the ribbon cutting ceremony for Belmont Village Senior Living Coral Gables , Miami’s newest luxury senior living community.

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Belmont Village Senior Living , an esteemed senior living developer, owner and operator, and Baptist Health South Florida , South Florida’s largest health care organization, celebrated their landmark partnership at the ribbon cutting ceremony for Belmont Village Senior Living Coral Gables , Miami’s newest luxury senior living community.
Vince Lago, Mayor of the City of Coral Gables, joined many other notable attendees and contributors to this effort such as Patricia Will, CEO and Founder of Belmont Village Senior Living, Ana Lopez-Blazquez, Executive Vice President and Chief Strategy Officer of Baptist Health South Florida, and Bo Boulenger, President and CEO of Baptist Health South Florida.
Belmont Village Coral Gables will offer direct access to the highly anticipated Live Healthy by Baptist Health, featuring comprehensive care and quick access to medical professionals with Baptist Health Primary Care on-site.
To book an in-person visit or to learn more about Belmont Village Senior Living Coral Gables, call 305-446-7171 or visit www.belmontvillage.com/coralgables .

City of Baltimore, Maryland Department of Housing and Community Development, Henson Development Company, The NHP Foundation Break Ground on Park Heights Senior Apartments

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Thursday, December 14, 2023

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NEW YORK, Dec. 14, 2023 /PRNewswire-PRWeb/ -- The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, today kicked off construction of a new $52M affordable housing development that will create 100 affordable apartments for seniors. Construction of Park Heights Senior apartments continues the revitalization of the neighborhood that includes the redevelopment of Pimlico Racecourse, construction of the new Enoch Pratt Free Library, and the two developments along Park Heights Avenue by Comprehensive Housing Assistance, Incorporated. The transaction was made possible with:

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Construction of Park Heights Senior apartments continues the revitalization of the neighborhood that includes the redevelopment of Pimlico Racecourse, construction of the new Enoch Pratt Free Library, and the two developments along Park Heights Avenue by Comprehensive Housing Assistance, Incorporated.
Local elected officials and community leaders hailed the groundbreaking as a much-needed development to address the housing shortage in Baltimore and support growth in the city.
Notable features of Park Heights Senior apartments include rooftop, carport, and gazebo mounted solar panels, battery storage, and meeting the National Green Building Standards for energy efficiency.
The features dovetail with a bill recently signed by Mayor Scott requiring 100% zero emissions for the city's administrative fleet.

The NHP Foundation Completes Acquisition of Land and Development Financing Closing to Create Park Heights Senior Apartments

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Tuesday, December 5, 2023

NEW YORK, Dec. 5, 2023 /PRNewswire-PRWeb/ -- The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, announced today that it has finalized the purchase vacant land from the City of Baltimore to construct one hundred 1- and 2-bedroom apartment homes. The new apartment community, Park Heights Senior Apartments, at 4710 Park Heights Avenue is part of a major redevelopment plan for the area including the redevelopment of Pimlico Racecourse, construction of the new Enoch Pratt Free Library, and the two developments along Park Heights Avenue by Comprehensive Housing Assistance, Incorporated.

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The new apartment community, Park Heights Senior Apartments, at 4710 Park Heights Avenue is part of a major redevelopment plan for the area including the redevelopment of Pimlico Racecourse, construction of the new Enoch Pratt Free Library, and the two developments along Park Heights Avenue by Comprehensive Housing Assistance, Incorporated.
"Mayor Scott's Administration and the City of Baltimore applaud the vision of NHPF and its partners with this major undertaking in Park Heights," said Baltimore City Housing Commissioner Alice Kennedy.
Notable features of Park Heights Senior apartments include rooftop, carport, and gazebo mounted solar panels, battery storage, and meeting the National Green Building Standards for energy efficiency.
Construction on Park Heights Senior Apartments is expected to be completed in mid-2025.

GTIS US Funds Achieve Impressive Increase in Scores on 2023 GRESB Survey

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Thursday, November 9, 2023

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NEW YORK, Nov. 9, 2023 /PRNewswire/ -- GTIS Partners ("GTIS"), a global real estate investment firm managing $4.5 billion in gross assets, is pleased to announce that the 2023 GRESB survey revealed a great increase in scores for both of its US funds that participated.

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NEW YORK, Nov. 9, 2023 /PRNewswire/ -- GTIS Partners ("GTIS"), a global real estate investment firm managing $4.5 billion in gross assets, is pleased to announce that the 2023 GRESB survey revealed a great increase in scores for both of its US funds that participated.
The GTIS Qualified Opportunity Zone Fund achieved 82 points, an impressive increase of nine points from the prior year, while GTIS's US Property Income Fund scored 80 points, achieving a three-point improvement.
The GRESB assessment is a global Environmental, Social and Governance (ESG) benchmark, thoughtfully tailored for the real estate sector.
The firm's ESG awards and accomplishments received in 2023 will be reflected in the 2024 GRESB survey and its Corporate Sustainability Reports.

Crescent Communities Announces the Sale of Two Communities to TA Realty

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Thursday, October 19, 2023

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CARY, N.C. and NASHVILLE, Tenn., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Crescent Communities is pleased to announce the sale of NOVEL Harpeth Heights and NOVEL Cary to TA Realty .

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CARY, N.C. and NASHVILLE, Tenn., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Crescent Communities is pleased to announce the sale of NOVEL Harpeth Heights and NOVEL Cary to TA Realty .
Constructed in partnership with Pearl Street Partners , NOVEL Harpeth Heights marks the seventh multifamily community Crescent Communities has developed to date in the Nashville market, while NOVEL Cary marks the fifth multifamily community Crescent Communities has developed to date in the Triangle market.
“Since opening earlier this year, we’ve watched both communities provide tailored living experiences for our residents by embodying their distinctive and unique visions.
The sales come as Crescent Communities continues to look forward to more opportunities to grow its presence in the Nashville and the Raleigh / Triangle markets.

Community, Cost, and Climate: Taking the Pulse of the Young American Renter

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Wednesday, October 18, 2023

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CHARLOTTE, N.C., Oct. 18, 2023 /PRNewswire/ -- While the nation grapples with an epidemic of loneliness, young American renters appreciate the importance of community and the role their living situation plays in their well-being, according to a new survey from Grubb Properties, a leading vertically integrated real estate firm focused on multifamily rental housing.

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Grubb Properties surveyed 1000 young American renters on the current rental market and economic environment.
According to Grubb's second annual State of the Young American Renter Survey , which polled 1,000 American renters aged 22–35 in apartment communities:
72% of young renters value the importance of connections to their neighbors.
More than half (56%) said their current rental situation has a positive impact on their personal well-being.
More than half of young renters (52%) say they will likely move to a new state within the next five years.

Official Launch of Carbon-Neutrality Pilot Project in the China-EU (Taicang) Green and Digital Innovation Cooperation Zone

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Wednesday, August 9, 2023

BEIJING, Aug. 9, 2023 /PRNewswire/ -- On August 8th 2023, the Launch Meeting of Carbon-Neutrality Pilot Project in China-EU (Taicang) Green Digital and Innovation Cooperation Zone was held in Beijing, China.

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BEIJING, Aug. 9, 2023 /PRNewswire/ -- On August 8th 2023, the Launch Meeting of Carbon-Neutrality Pilot Project in China-EU (Taicang) Green Digital and Innovation Cooperation Zone was held in Beijing, China.
The core of China-EU (Taicang) Pilot Project is a "Digital Zero-Carbon Industrial Park", located in Taicang City, Jiangsu Province in the Yangtze River Delta region of China, adjacent to Shanghai.
150,000, setting the goal of carbon neutral by 2028 with a whole-area traceable carbon footprint based on digital system.
Currently, the Secretariat of China Green Sustainable Development Association (CGSDA) is soliciting pilot projects and partners for the year 2024, which is open for global application.

Quarterra Multifamily Announces Topping Off at The Dori Apartments

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Tuesday, July 11, 2023

DORAL, Fla., July 11, 2023 /PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in partnership with CPPIB, today announced the topping off of The Dori, Quarterra's latest community in Doral, Fla.

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DORAL, Fla., July 11, 2023 /PRNewswire/ -- Quarterra Multifamily , a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in partnership with CPPIB, today announced the topping off of The Dori, Quarterra's latest community in Doral, Fla.
The Dori, a 222-home mid-rise community, is inspired by nature and designed to complement both the lifestyle and natural surroundings in South Florida.
With the Everglades, Florida Keys and Miami Beaches as a backdrop, The Dori emits a balance of clean, natural, earthy and active elements.
"The Dori takes its cues from its surroundings and is strategically designed to capture the inherent aesthetics of South Florida," said Michael Pelzcar, Vice President of Development for Quarterra.

Mill Creek Announces Start of Preleasing at Modera Gulch

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Tuesday, June 20, 2023

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NASHVILLE, Tenn., June 20, 2023 /PRNewswire/ -- Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced the start of preleasing at Modera Gulch, a mixed-use apartment community located along Nashville's vibrant Division Street.

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NASHVILLE, Tenn., June 20, 2023 /PRNewswire/ -- Mill Creek Residential , a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced the start of preleasing at Modera Gulch , a mixed-use apartment community located along Nashville's vibrant Division Street.
First move-ins at Modera Gulch are scheduled for August.
Modera Gulch adds to Mill Creek's emerging presence in Nashville and joins inaugural community Modera Germantown, which began preleasing in March and is amidst first move-ins.
Designer bathrooms include double vanities, tile shower surrounds and linen closets while bedrooms are equipped with walk-in closets and built-in storage.