Florence, KY (Oct. 16, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces its acquisition of Wynnbrook Pines Apartments, an affordable housing development in Florence, KY.
Built in 1991, Wynnbrook Pines Apartments is located at 3910 Wynnbrook Drive in northern Kentucky, just 10 miles southwest of downtown Cincinnati. The community consists of 96 units and features three-bedroom units. Its location provides access to numerous employers, amenities an entertainment. Currently, all units are reserved for households earning up to 50% AMI.
This deal marks TWG's first overall project in the state. Plans to renovate the property have already begun. Once complete, the complex will remain an affordable housing property for Florence residents. Amenities include a clubhouse with community room and coffee bar, volleyball court, playground and swimming pool.
“Raymond James partnered with us to acquire this property and played a vital role in the process. We are grateful to have the opportunity to partner with them and for their investment in affordable housing.,” said Marisa Conatser, Development Director at TWG Development. “Continuing to deliver affordable housing remains our mission at TWG, and we remain committed to ensuring this property remains affordable for those who need it.”
“Wynnbrook Pines Apartments plays a vital role in housing families in Florence, Kentucky.,” said Jas Birk, Managing Director, Dispositions & Preservation Acquisitions at Raymond James. “We are appreciative of the opportunity to preserve this property, provide impactful services for the residents and build upon our partnership with TWG within our Preservation Funds.”
To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.
About TWG TWG is a real estate development company specializing in commercial, market rate, affordable and senior housing developments. TWG was formed in 2007 to develop, own and manage housing communities throughout the Midwest. Through its related entities, TWG Development, TWG Construction, and TWG Management, TWG is able to envision a development from concept to lease-up to stabilization. TWG has transacted over $1.3 billion in development costs and over 8,000 units developed across the country