Development

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.

AUGUSTA, Ga. — Walton Communities has received $14.1 million in financing, which the developer will to build an 80-unit affordable seniors housing community in Augusta.