Media & Press
GoodHomes and arctaris to Transform Vacant Baltimore Hotel into Workforce Housing
JANUARY 2025
Backed by $30M in Opportunity Zone Investment from Arctaris Impact Investors, GoodHomes is converting a former Embassy Suites into 303 apartments, revitalizing downtown Baltimore and supporting local economic growth.
goodhomes celebrates opening the first two attainable housing projects in fayetteville
NOVEMBER 2024
After a full transformation of a former Ramada Plaza, GoodHomes Bordeaux opens its doors with 255 modern apartments, attainable rents, and vibrant amenities, redefining workforce housing in the heart of Fayetteville.
Erie City Council signs off on $1 million for GoodHomes Erie Hotel transformation
JULY 2024
Erie City Council approved two, low-interest loans from the Enterprise Zone Revolving Loan Fund and Erie’s Urban Core Economic Recovery Revolving Loan Fund. Proceeds will go towards the $30M+ project to transform the former Avalon Hotel into apartments.
Forman Capital funds $9.41M loan for hotel-to-multifamily conversion near Greensboro, NC
APRIL 2024
GoodHomes is converting the OYO Hotel in Burlington into 135 studio apartments, providing a viable option for many people who have been priced out of the traditional rental market.
Work to begin on $30M project to tranform erie’s avalon hotel into apartments
APRIL 2024
The Erie County Industrial Development Authority has closed on a $30.6 million bond that will allow GoodHomes to purchase and redevelop the eight-story property, formerly the Avalon Hotel, into a 197-unit apartment community.
Goodhomes wins Costar Impact award: sale/acuisition of the year for providence
MARCH 2024
GoodHomes has been awarded Costar’s Impact Awards Sale/Acquisition of the Year (2023) for Providence, and has been recognized as the most influential project in the market, creating vital housing at a time when "demand for quality, reasonably priced housing is at a new high."
thorofare closes $51,500,000 hotel-to-multifamily conversion financing with goodhomes
MAY 2023
Thorofare Capital has provided a $51,500,000 portfolio financing for the GoodHomes Portfolio, a five-property assemblage of hotel-to-multifamily conversion projects across North Carolina, Michigan, Connecticut, and Rhode Island.
Fayetteville sees converting hotels into rental units as a solution to affordable housing
JANUARY 2023
GoodHomes is bringing 255 apartment units to Fayetteville, where an estimated 20,000 people spend over 60% of their income on housing.