A distinguished inexpensive housing developer has rebranded as Pivotal Housing Companions.
The brand new identify replaces MVAH Companions, which was established by Brian McGeady and Michael Riechman in 2018. The managing companions will proceed to guide the Ohio-based firm.
“We needed a reputation that higher represented the spirit and mission of our group,” says McGeady. “We imagine that we’re pivotal within the lives of our residents, that means that if we are able to present them with a high-quality inexpensive place to reside, then they will have peace of thoughts about that a part of their lives and deal with different areas.”
The change to Pivotal Housing Companions additionally helps to tell apart the agency, which initially spun out of the inexpensive housing property of Miller-Valentine Group. Nevertheless, there’s now not any affiliation.
The agency will proceed its deal with creating and proudly owning inexpensive housing. As an proprietor, Pivotal is approaching 10,000 items, and the agency operates in 14 states, with plans to extend its footprint.
The group is strategically taking a look at transferring into western New York in addition to rising its presence within the Southeast market, together with South Carolina and Tennessee, based on Riechman.
The agency just lately ranked No. 11 on the AHF 50 record of inexpensive housing builders after beginning building on 1,096 inexpensive housing items in eight developments final 12 months.
Its new tasks embody the 226-unit Ok Avenue Lofts in Plano, Texas. Situated adjoining to the Parker Highway Dart commuter rail station, the event will deliver a mixture of 179 inexpensive and 47 market-rate items to the fascinating Dallas suburb. Financing companions embody KeyBank Neighborhood Growth Lending and Funding
The undertaking, which is being in-built partnership with the Plano Housing Authority and Auxano Growth, will supply one-, two-, and three-bedroom residences. Along with being subsequent to the rail station, the event will incorporate of a ride-share lane/turnaround focused for Uber, Lyft, and food-delivery providers.
The undertaking is scheduled to be accomplished subsequent August.
Beneath building in Plano, Texas, the mixed-income Ok Avenue Lofts improvement may also function a walkable revolving “artwork park.”
