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In response to rising rents and a shortage of over 50,000 affordable housing units, the city of Cleveland launched a housing investment fund using a public-private partnership model. The fund has raised $53 million, supporting the construction of 216 housing units, and plans to raise $100 million in the future to build 2,500 to 3,000 new homes, focusing on serving low-income groups.
Denver-based Grand Peaks has acquired the West End District mixed-use community in Beaverton, Oregon, bringing its portfolio to approximately 11,000 units.
This summer, multifamily housing companies actively adjusted their asset portfolios. Knightvest purchased over a thousand units in Austin, Scion Group acquired a student housing portfolio for $400 million, and Camden sold all its California assets for $1.6 billion.
Kennedy Wilson and Japan's Shimizu Corp. announced their first collaboration to develop Caldwell, a 382-unit luxury apartment project in Sandy Springs, Georgia, with a total investment of $139 million. This project marks Kennedy Wilson's first multifamily development in Georgia and is expected to be completed in 2028.
iApartments, an AI-driven multifamily housing technology platform, announced on June 16, 2026, that former Greystar COO Andrew Livingstone has joined the company as a strategic advisor. Having served at Greystar for over 26 years, Livingstone will assist iApartments in accelerating AI platform innovation, deepening industry partnerships, and advancing its long-term vision.
Palladium USA celebrated the grand opening of Palladium Lewisville, a $30 million mixed-income community in Lewisville, Texas, which has reached 100% occupancy. The event marked the company's first apartment community in the city and highlighted public-private partnerships in housing development.
TestFit announced comprehensive support for the MCP protocol on its platform. Starting August 5, 2026, users can directly command its deterministic engine through AI assistants such as Claude and ChatGPT to complete multi-unit project layouts, cost estimation, and compliance checks, avoiding the risk of model hallucinations.
NetVendor and Viaffinity announced a partnership on July 29, 2026, integrating embedded insurance technology into NetVendor's compliance management process. When a supplier's insurance gap is identified, compliant coverage options are offered directly within the platform, enabling resolution in the same session and reducing operational risk.