Media & Press
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.