Development

BARNEGAT, N.J. — Walters Group has opened Cornerstone at Barnegat, an income-restricted, age-restricted apartment community in the coastal New Jersey town of Barnegat.

FAYETTEVILLE, Ga. — Caddis has broken ground on Heartis Fayetteville, a 168-unit independent living, assisted living and memory care community in Fayetteville, approximately 20 miles south of Atlanta.

INDEPENDENCE, Mo. — Chicago-based Senior Housing Group and its joint-venture development partner, Maine-based Evergreen Partners, have acquired Heritage House, a 166-unit affordable seniors housing community in the Kansas City suburb of Independence, for an undisclosed price.

CATHEDRAL CITY, Calif. — Community Preservation Partners (CPP) has acquired Mountain View Apartments, a 280-unit affordable seniors housing community in Cathedral City, approximately 100 miles east of Los Angeles. A private trust sold the property for an undisclosed price.

ATLANTA — A joint venture between Wingate Cos. and Columbia Residential has opened City Lights Apartment Homes, an 80-unit affordable seniors housing community in the Old Fourth Ward neighborhood of Atlanta.

EL RENO, Okla. — The Oklahoma Housing Finance Agency has awarded $4.7 million in low income housing tax credits to Gardner Capital Development for the construction of a $6 million, 46-unit affordable housing community for seniors in the Oklahoma City suburb of El Reno.