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In The News
2008 MFE Awards: Best Reuse of Land Dirty, environmentally contaminated sites don’t usually appeal to Long Beach, Calif.-based Mac-Farlane Costa Housing Partners, but the 0.8-acre site in San Diego’s Barrio Logan neighborhood offered too great of an opportunity to ignore.
2008 MFE Awards Merit: Affordable The dirt under Almaden Apartments had been a lot of different things in past lives—a winery, a car wash, heavy equipment wrecking and storage facilities, and a bingo parlor.
2008 MFE Awards Merit: Best Reuse of Land San Jose, Calif., is the hub of Silicon Valley—one of the nation’s most expensive housing markets. Still, it’s hard to believe that MacFarlane Costa Housing Partners went to a blighted, old winery to find affordable dirt on which to build. But that’s exactly what the developer, based out of Long Beach, Calif., did.
2008 MFE Awards Merit: Low-Rise Successful affordable apartments get a lot of accolades—but you rarely hear that they’re so appealing and well designed, you can’t tell they’re affordable.
Dorado Senior Apartments, Gateway Apartments and Almaden Family Apartments are MHN Design Excellence Award Finalists The finalists have been chosen for MHN’s Second Annual Design Excellence Awards. Projects were chosen based on a number of criteria, including overall composition, functionality, aesthetics, special attributes and sustainable elements, if applicable.
Las Palmas Foundation Announces Grand Opening of Gateway San Diego is one step closer to fulfilling its goal of creating more affordable housing options with the grand opening of Gateway Family Apartments.
Affordable Housing Portfolio Acquired In a deal that calls for splitting up one of the country’s largest affordable-housing developers, Avanath Capital Partners of Irvine and MacFarlane Costa Housing Partners acquired Long Beachbased Simpson Housing Solutions, along with its portfolio of 273 properties totaling 26,000 units.
42-Unit Affordable Housing Community in Barrio Logan Redevelopment Project Area Set to Open Gateway Apartments, a 42-unit affordable housing complex located in the Barrio Logan Redevelopment Project Area near downtown San Diego, will open on June 5.
Newly Formed MCHP to Operate Like Simpson Housing Solutions, Says CEO Avanath Capital Partners and MacFarlane Costa Housing Partners (MCHP) have acquired Simpson Housing Solutions (SHS) and its portfolio of 273 properties, representing 26,000 affordable rental apartments in 33 states, the District of Columbia and Puerto Rico.
Michael Costa and Partners Buy Simpson Housing Portfolio Simpson Housing Solutions, a subsidiary of Denver-based Simpson Housing and one of the nation’s largest affordable housing developers, syndicators, and operators, has been purchased by the newly formed venture of MacFarlane Costa Housing Partners (MCHP).
Avanath Gets 26,000-Unit Portfolio with Firm Acquisitions Avanath Capital Partners and MacFarlane Costa Housing Partners have acquired Simpson Housing Solutions and its portfolio of 273 properties as part of the initial capital deployment for Avanath Capital Partners’ first fund offering in a development arm to be spun off to MacFarlane Costa Housing Partners.
80-Unit Apartment Community Debuts Simpson Housing Solutions LLC (SHS), headquartered in Long Beach, Calif., recently joined with Sacramento city officials and other guests to celebrate the official grand opening of North Avenue Apartments
Construction Underway on 208-Unit Affordable Housing Complex Simpson Housing Solutions LLC (SHS) has announced that construction of Oakley Apartments, an affordable housing complex in Oakley, Calif.
SHS Completes 226-Unit Affordable Housing Complex in Northern California Michael Costa, president of SHS, tells MHN that the complex broke ground in April 2005.
New Simpson Housing Projects Total $167M Simpson Housing Solutions finishes construction on a Bay Area apartment complex and starts two others in California
Construction finished on new 65-unit apartment complex The search for affordable, high-quality apartment homes in Douglas, Ariz. just got easier
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