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Eight37 Lofts – Shelbyville, IN (Nov. 22, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable, and senior housing developments, announced the closing and planned construction of Eight37 Lofts, a $32.8 million multifamily workforce - affordable housing community coming to Shelbyville, Indiana.

Located at 837 Webster Street, Eight37 Lofts will consist of 138-units throughout two-, 3-story buildings and a 1-story clubhouse with one-, two-, and three-bedroom units. This workforce community will serve a variety of income levels for Shelbyville residents. Once completed, Eight37 Lofts will provide homes to those with a range of incomes including households at 50% and 60% Average Median Income (AMI), as well as non-restricted units.

“We're grateful for the new State Tax Credit program that is allowing us to revitalize a lot that suffered from a devastating fire in 2019. With the help of the City of Shelbyville, Indiana Housing and Community Development Authority, and PNC Bank, we're able to provide new housing options to the city and create a community that resident's will be proud to call home.” said Marisa Conatser, TWG’s Development Director. Eight37 Lofts amenities will include a playground, dog park, clubhouse, fitness center and CORES-certified resident services that focus on both professional and personal development. Construction planning is already underway with an expected completion in the Spring of 2026. PNC Bank, a key financial contributor to the project, expressed excitement for the impact of the development. “As housing affordability continues to be a challenge for Americans across the U.S., we are committed to leveraging our resources to increase and preserve the supply of affordable housing in Indiana and beyond,” said Todd Krumwiede, PNC regional manager of Originations. “We look forward to witnessing the positive, lasting impact these projects will have on the residents and companies based in Shelbyville.”

Eight37 Lofts is one of the first developments to utilize Indiana's competitive State Tax Credit program. Thanks to this new program, a site that suffered a devastating fire a few years ago will be redeveloped to create high quality, affordable housing. This is TWG's first development in Shelbyville and second development to utilize Indiana’s Affordable and Workforce Housing Tax Credit. Eight37 Lofts would not be possible without our valued partners: IHCDA and the City of Shelbyville.

Indianapolis, IN — TWG Development, a national leader in affordable and market-rate housing development, has announced an exciting partnership with Indianapolis-based Purposeful Design. This collaboration marks the beginning of TWG’s commitment to bringing Purposeful Design’s locally crafted, quality furniture to select properties, supporting Purposeful Design’s mission while enhancing the spaces TWG creates. Purposeful Design, a nonprofit furniture and woodworking organization, is dedicated to transforming lives by offering employment and training in skilled trades to individuals overcoming obstacles such as homelessness, addiction, or incarceration. Each piece crafted by Purposeful Design is handmade in Indiana, reflecting the artisan’s journey and commitment to creating lasting, beautiful products. Through this partnership, TWG Development is excited to support Purposeful Design’s mission and bring their unique, handcrafted furniture into the spaces TWG creates. “PD is thrilled to be able to partner with a scaled enterprise like TWG. This validates that the model of PD is both trustworthy and scalable, as TWG has hundreds of contractors they could choose to entrust their business with,” said Brady Roberts, VP of Sales and Marketing at Purposeful Design. “We are excited to help add value to TWG’s developments with space transforming furniture and a story to share with their tenants. This is how the power of enterprise has the ability to do good, both with affordable housing and the creation of jobs.” The partnership will see Purposeful Design providing quality furniture solutions, from tables and seating to unique design accents, to several of TWG’s new projects. This collaboration not only enhances the character of TWG’s spaces but also contributes to sustainable development by supporting local manufacturing and employment. “TWG is always seeking new ways to bring authentic, intentional design into our developments, and this partnership with Purposeful Design allows us to do just that,” said Tony Knoble, CEO & Co-Founder at TWG Development. “Not only does it bring unique and functional pieces into our properties, but it also aligns with our company values by supporting Purposeful Design’s impactful mission.” The new furniture pieces will begin appearing in select TWG developments in the coming months, creating spaces that reflect the values of community, resilience, and purpose. For more information about TWG Development, please visit www.twgdev.com. For more information about Purposeful Design, visit www.pdindy.com.

Media Contact: Bridget Hilts Director of Development Operations TWG Development 260-804-2756 bhilts@twgdev.com

Cleveland Heights (Oct. 24, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces closing of Nobility Court Apartments, an affordable housing development in Cleveland Heights.

Nobility Court will be located at 2228 Noble Road. The community will consist of 52 units and will feature one-, two-, and three-bedroom units. Nobility Court will serve families and individuals at 60% and 30% of the area median income (AMI).

The $15 million deal marks TWG's first 9% tax credit award in Cleveland Heights and sixth overall project in the state. Plans to begin construction on the community have already begun and are expected to be completed in Spring 2026. Once complete, this development will be energy star certified through the NGBS Silver 700 Program. All units will have washer and dryers. The first floor will have approximately 1000 sq. ft. of retail space. There will also be a community space and internet cafe for residents only. Outdoor amenities include an outdoor patio, community garden, and play space for children.

“TWG is thrilled about this project and recognizes this development is one of the more unique affordable housing builds based on its architecture and design. This development took a lot of work with people from the community that assisted in the design input and public approvals process. We are excited to see how our work can further develop Cleveland Heights by providing high-quality affordable housing options for surrounding low-income families,” said Alex Frazier, Development Director with TWG Development. “Continuing to deliver affordable housing remains our mission at TWG, and we remain committed to our communities.” The low-income housing tax credit (LIHTC) deal was due in large part to the key partners, such as Start Right Community Development Corporation, Paul Volpe of Volpe Design, Huntington Bank, Ohio Housing and Finance Agency, CRBT, and Bialosky Architecture.

"We believe this development is just the beginning. It represents the first step in the comprehensive redevelopment of the Noble NELA Business District.," said Rev. Dr. Jimmie Hicks, Jr. with Start Right Community Development Corporation. “Our goal is to work closely with the city’s planning dept. to craft a long-term vision that brings more vibrant commercial opportunities to the city’s north side.”

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.

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

Residences at Victory Hills – Kansas City, KS (June 27, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable, and senior housing developments, today announces the closing and construction of Residences at Victory Hills, a $41.3 million affordable, multifamily community coming to Kansas City, KS. TWG Development and Wyandotte County have worked closely together with the community to address the need for more housing availability, affordability, and stability.

Located at 745 N 78th Street, Residences at Victory Hills will consist of 152-units across five buildings and a clubhouse, with one-, two- and three-bedroom layouts. This fully affordable community will serve Kansas City residents making 40-60% of the area median income (AMI).

“Raymond James Affordable Housing Investments is honored to be a part of this beautiful new housing project and hopes to support further affordable housing opportunities in the Kansas City area. We are thankful to TWG Development for including us in Residences at Victory Hills and want to give our appreciation to the other lenders involved that made this all possible. Special thank you to the community for trusting us to deliver quality housing to the area and hope you enjoy your new homes.” says Leah Miller, Acquisitions Manager for Raymond James.

Amenities include walking trail, dog wash, 40% brick façade and fiber cement paneling, tot-lots for children, community garden, storm shelter, exercise facility, clubhouse, business center and in unit washer and dryers.

“Projects like this are truly pivotal to a community. We are grateful for the support of our financial partners and the Unified Government of Wyandotte County to meet the demand for safe, sustainable, and environmentally friendly affordable housing in the community that would not otherwise exist. We are thrilled to preserve existing site elements and provide a truly unique, wooded environment for future tenants to enjoy.” Says TWG’s Jackson Taylor, Development Director, Central US

Residences at Victory Hills would not be possible without our valued partners: Raymond James, Cedar Rapids Bank and Trust, Wyandotte County and Kansas Housing Resources Corporation. Construction for the community begins soon and the development is expected to be complete by Fall of 2025.

To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.

About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.

Kilgore Place – Muncie, IN (June 5, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable, and senior housing developments, today announces the closing and construction of Kilgore Place, a $29 million workforce, multifamily community coming to Muncie, Indiana. TWG Development and City of Muncie have worked closely together with the community to address the need for more housing availability, affordability, and stability.

Located at 2380 West Kilgore Ave, Kilgore Place will consist of 120-units with one-, two-, and three-bedroom units. This workforce community will serve a variety of income levels for Muncie residents. Kilgore Place will revitalize the site of the former End Zone Bar & Grill that was destroyed in a fire in 2022. Located near many great community amenities, the community will bring new, high-quality, attainable housing to the Muncie area.

“We are pleased to be the construction and equity bridge lender for this important project bringing 120 new affordable housing units to Muncie. Communities must have access to safe and quality housing, and this project will help address that need. Our commitment to Muncie, for over 130 years, reflects our dedication to helping people and communities prosper.“ says First Merchant Banks CEO, Mark Hardwick.

“Kilgore Place will be a well-rounded community, incorporating high-quality design, energy-efficient materials, large apartment units and offering residents a wide range of amenities and programs. We aimed to create a place that residents are proud to call home” says TWG’s Marisa Conatser, Development Director.

Amenities include on-site property management, playground, dog park, fitness center, community room with activities, ample bike storage, community garden beds, free in-unit Wi-Fi, and CORES – certified resident services that promote professional development and personal growth.

“Merchants Capital Investments is proud to partner with TWG on this much-needed affordable housing project in Muncie. The project will not only provide 120 families with an affordable place to call home, but it will also have a positive impact on the Muncie community overall.” says Kelly Berg, VP, Acquisitions.

Kilgore Place would not be possible without our valued partners: Monarch Private Capital, First Merchants Bank, Merchants Capital, City of Muncie and Security Bank and Trust Company. We are excited to be a part of the first project to utilize IHCDA’s brand new Indiana State Affordable and Workforce Housing Tax Credit.

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 can envision a development from concept to lease-up to stabilization. TWG has transacted over $2.1 billion in development costs and over 11,500 units developed across the country.

RALEIGH, NC. (May 31, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces the construction of Departure Flats, a new $46 million, market rate apartment community coming to Raleigh, North Carolina.

Located at 5329 Departure Drive, Raleigh, NC. Departure Flats will be a 170-unit community across a pair of 5-story buildings, situated in the ever-growing Northeast submarket of Raleigh. The project location provides easy access to the 540-beltline, lifestyle amenities, restaurants, parks, and offers quality suburban living with convenient access to downtown Raleigh, North Hills, and the best of the Research Triangle.

Departure Flats will offer residents amenities including a pool, pavilion, outdoor gas grills, dog park, fitness center, bicycle storage rooms, a resident lounge, and co-working space. Units in Departure Flats will offer the same Class-A look and feel that is standard across TWG communities.

“We are extremely excited to enter the Raleigh market as this will be TWG’s first project in the area. Raleigh has a dynamic economy and is positioned for long-term success with nearby universities and various employment drivers. We are grateful for the opportunity to offer and provide the residents of Raleigh high-quality housing at Departure Flats.” says Grant Deaton, Development Director. Departure Flats was made possible with the support of Stearns Bank and Larson Capital Management. Construction for the community begins soon and the project is expected to be complete by Spring of 2026. To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.

About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.

OKLAHOMA CITY (May 30, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces its second phase of Hillcrest Green Apartments, an affordable housing development in Oklahoma City.

Built in 1973, the original Hillcrest Green Apartments located at 3317 SW 74th Street near the heart of downtown Oklahoma City has been completely remodeled. Now phase two will consist of 43 units in a newly constructed building located at 3339 SW 74th Street. All units are reserved for individuals with income less than or equal to the area’s median income (AMI).

The $10.9 million deal marks the second phase of TWG's 9% tax credit award in Oklahoma and third overall project in the state. Featuring on-site computer workstations, club house, outdoor grilling area, electric vehicle charging stations and indoor fitness center and community room. Once complete, the complex will remain an affordable housing property for Oklahoma City residents.

“TWG is thrilled about this project and excited to see how our work can further revitalize Oklahoma City by providing high-quality affordable housing options for surrounding low-income families,” said Jackson Taylor, Development Director. “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.”

The low-income housing tax credit (LIHTC) deal was due in large part to the key partners, such as the Oklahoma Housing Finance Agency (OFHA), Huntington Bank, Cedar Rapids Bank and Trust, and Oklahoma City.

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 can envision a development from concept to lease-up to stabilization. TWG has transacted over $2.1 billion in development costs and over 11,500 units developed across the country.

Northside Villas – Wooster, OH. (May 23, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable, and senior housing developments, today announces the closing and construction of Northside Villas, an $11 million affordable, multifamily community coming to Wooster, Ohio. TWG Development and City of Wooster have worked closely together with the community to address the need for more housing availability, affordability, and stability.

Located at 2775 Cleveland Road, Northside Villas will consist of 42-units that will consist of one, two-story garden-style building and three-story garden building. Once completed, this community will consist of two- and three-bedroom units. This fully affordable community will serve Wooster residents making 60%, 50%, and 30% of the area median income (AMI).

“The City of Wooster welcomes the Northside Villas project by Together We Grow (TWG) which will create 42 new, quality, and affordable housing opportunities for our residents and businesses. We appreciate the thoughtful and detailed work Together We Grow has accomplished to make this project happen and are also thankful to the Ohio Housing Finance Agency for their support of the Wooster community.” says Mayor Robert Reynolds

Amenities include in-unit washers and dryers in every unit. A separate building aside from multifamily units that will be the clubhouse, offering a leasing office and on-site fitness center. This community will be energy star certified through the NGBS Silver 700 Program. Northside Villas would not be possible without our valued partners: The City of Wooster, CRBT, Regions, Huntington, and The Ohio Housing and Finance Agency. Construction will begin April 2024 and is expected to be completed in June of 2025.

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 can 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.

CAMBY, Ind. (April 19, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces the construction of the Flats at Heartland Crossing, a new $45 million, market rate apartment community coming to Camby, Indiana.

Located at 8396 Gunnaoh Way East. in Camby, Indiana on the southwest side of Indianapolis, the Flats at Heartland Crossing will offer residents quick commutes to various hotspots within the greater Indianapolis area. Just 15 minutes away from downtown Indianapolis and only 10 minutes to employment and retail hubs around Plainfield and the Indianapolis International Airport, residents of the Flats at Heartland Crossing will enjoy all the benefits of suburban living while remaining close to amenities, employers, and the downtown core.

This 228-unit community will offer residents amenities such as a pool, dog park, fitness room, bicycle storage rooms, a resident lounge, and detached garages. Units in the Flats at Heartland Crossing will offer the same Class-A look and feel that is standard across TWG communities.

“The Flats at Heartland Crossing is yet another example of TWG’s commitment to providing high-quality housing options in Indianapolis,” said Chase Smith, Vice President of Market Rate Development at TWG. “We are excited to bring this project to the residents of Camby and look forward to construction commencement this Spring.”

“Quality multi-family housing fosters community growth and development,” noted Nick Campbell, First Vice President, Commercial Real Estate at First Internet Bank. “We’re excited to partner with TWG to provide financing for the Flats at Heartland Crossing; this important addition to the Camby area will further enhance this rapidly-growing area.”

The Flats at Heartland Crossing was made possible with the support of First Internet Bank. Construction for the community begins soon and the project is expected to be complete by winter of 2025.

To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.

About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.

Residences at Fireclay II -- Murray, UT (February 13, 2024) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable, and senior housing developments, today announces the closing and construction of Residences at Fireclay II, an $11 million affordable, multifamily community coming to Murray, Utah. TWG Development and City of Murray have worked closely together with the community to address the need for more housing availability, affordability, and stability.

Located at 144 West 4250 South, Residences at Fireclay II will consist of 30-units throughout one highly energy efficient five-story elevator serviced building, with one-bedroom layouts serving seniors. This fully affordable community will serve Murray senior residents making 25-50% of the area median income (AMI).

“The project site is adjacent to Residences at Fireclay Phase I. The project is located in a mixed-use, primarily residential neighborhood and is in close proximity to public transportation options and retail. Support services for the senior residences will be provided by First Step House who offers a variety of treatment, housing healthcare, referrals, basic needs items, and employment services that are tailored to the needs of the individual.” says TWG’s Ryan Kelly, VP of Tax Credit Development.

Amenities include a computer room, clubhouse with full kitchen, raised garden beds, furnished exercise room, and bicycle racks.

“Small projects are the hardest to develop these days but through collaboration with local jurisdictions and public funders--and a lot of creativity--the power of working together provides success and serves a need not met by the market economy. We are all excited to be part of this vision coming to fruition,” says TWG’s Megan Adams, Regional Development Director, West.

Residences at Fireclay II would not be possible without our valued partners: Utah Housing Corporation, Olene Walker Housing Loan Fund, First Step House, Raymond James, Horizon Bank, and Department of Workforce Services, Office of Homeless Services. To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, and Instagram.

About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction, and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.

Focusing on your Mission and Values is Key

You will often hear companies talk about how their mission and values drive success. But what does that really mean? Mission and values are often used as a guiding light by companies to attract talent and give employees a purpose for their work. TWG is proud of our mission and values and the motivation it provides to our employees, partners and everyone associated with our community.

TWG’s Mission Began in 2007 While some problems can be solved easily, others continue to persist. Accessibility to housing continues to be a hot-button issue in America today. According to Habitat for Humanity’s 2023 State of the Nation’s Housing report, 49% of households identified as “cost-burdened.”

As a worldwide real estate development leader, we understand the critical role we play in how communities are shaped. TWG’s central mission since its inception in 2007 surrounds the goal of providing communities with quality housing they can afford and the belief that housing is a right for all. This has led to a variety of unique communities coming to fruition in recent years.

For example, projects like 1827 Lofts – an Indianapolis community as a part of a larger redevelopment in partnership with Adult & Child Health, Colliers and Innovcare to bring affordable and workforce housing to transit-oriented areas – and Residences at Durango – the rehabilitation of a former Best Western Inn bringing affordable housing to those making 30-60% of the area’s median income (AMI) – are two of our latest housing communities highly central to our mission. Housing like these bring us together under a common purpose and help create communities aligned with our mission.

How Do Values Play a Role? Just last year, TWG realigned its values to align with our mission. These values include:

We are a team. We are strongest when we work together and understand each other's strengths and experiences are needed to move the company forward. We are tenacious. We don’t give up when the going gets tough. If we need to change directions to make something work, we will. We take on and overcome challenges as problem-solvers. We are honest and ethical. We act in good faith and make responsible, informed decisions. Integrity and sincerity drive our company. We are forward-thinking. We are dynamic and innovative with our approach. We are always open to new and different ways to move our organization forward.

The role these values play is as a path to follow for employees to help achieve our mission. If the mission statement is the car, the values are the fuel. The values are going to be how we get to where we want to be and how we achieve our mission and while keeping employees motivated.

Notably, each of these statements is a “we” statement, not an “I” statement, furthering the idea that our company as a whole is aligned under one common purpose. The Harvard Business Review reports that 63% of employees at companies with solid mission statements report being motivated, versus 31% at other companies. With employees being better motivated by a strong mission statement, it is important to provide values as access points for employees of TWG to find success and help turn that motivation into quality housing options for those who need it, together.

As TWG grows its presence nationwide and announces new developments, these communities were each created as a representation of our mission and values. Interested in learning more about TWG and how we put our mission and values into action? We invite you to learn more about us at www.twgdev.com

ROCHESTER, Minn. (Dec 29, 2023) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces its first project in the state of Minnesota with the construction of Flats on Felty, a new $57 million market-rate project coming to Rochester.

The 234-unit, three-story community offers residents quick commutes to downtown Rochester and nearby employment hubs, while enjoying the perks of suburban living; amenities such as Eastwood Park, Eastwood Mountain Bike Trailhead, Eastwood Golf Course, and more are all within a short walk, run, or bicycle ride. The community is also a five-minute drive to the downtown Mayo Clinic, which employs over 40,000 people.

Located at 1135 Felty Avenue SE, the community will feature a wide range of on-site amenities including a clubhouse, fitness center, resident lounge, resident kitchen, dog park, bicycle storage rooms, extensive greenspace, and access to trail networks. Additionally, residents will enjoy quick access to public transportation with a bus transit stop located mere steps away which runs directly to downtown Rochester.

“TWG is thrilled to announce our first housing community in the state of Minnesota: Flats on Felty,” said Chase Smith, Vice President of Market Rate Development. “This community represents the best of suburban living through convenient access to surrounding nature parks and trails, while still being close to everything happening in downtown Rochester. We look forward to offering the people of Rochester luxury multifamily housing at Flats on Felty soon.”

Flats on Felty is made possible with the support of Larson Capital Management, Singerman Real Estate, First Financial Bank and Great Southern Bank.

Flats on Felty is set to begin construction in November, and the first units are expected to be completed in the summer of 2025.

To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, and Instagram.

About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction, and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.

Crested Butte, CO (December 15, 2023) – TWG (www.twgdev.com), a real estate development company specializing in commercial, market rate, affordable, and senior housing developments, today announces the closing and construction of Mineral Point, a $16 million affordable, multifamily community coming to Crested Butte, Colorado. TWG Development and the Town of Crested Butte have worked closely together with the community to address the need of more housing availability, affordability, and stability.

Located at 607 Butte Avenue, Mineral Point will consist of 34-units throughout three highly energy efficient two-story walk-up buildings, with studios, one-, and two-bedroom layouts. This fully affordable community will serve Crested Butte residents making 30-60% of the area median income (AMI).

“The north end of Gunnison Valley has not received an allocation of LIHTC in almost 10 years. The Town of Crested Butte is deeply committed to providing workforce and missing middle housing. Mineral Point is a critical part of our response to the housing crisis as it responds to the deep need for rentals at the lower incomes and can offer a steppingstone where households experience stability and begin to build their savings,” says Erin Ganser of Town of Crested Butte.

Amenities include a community lounge, dog washing station, A/C, tenant storage, shared laundry, picnic areas, covered bike storage and repair station, and surface parking.

“In celebrating the closing of Mineral Point, it is important to remember: ‘Alone we can do so little—together we can do so much’. This achievement stands as a testament to the power of working together in creating homes and building futures for those in need. TWG is happy to be a part of the Town of Crested Butte’s vision coming to life,” says Megan Adams, TWG Regional Development Director, West.

Mineral Point would not be possible without the Town of Crested Butte, Gunnison Valley Regional Housing Authority, Colorado Housing and Finance Authority, Colorado Department of Housing, Valley Housing Fund, RCH Jones Consulting, Williford, LLC, Redstone Equity, and Horizon Bank.

About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.

GREENVILLE, S.C, – (December 14, 2023) – TWG (www.twgdev.com), a national real estate development company headquartered in Indianapolis specializing in commercial, market rate, affordable and senior housing developments, today announces the construction of its first community in South Carolina, Cherokee Landing.

The affordable and multifamily Cherokee Landing housing community will be located along Berea Heights Road within the Berea neighborhood on the northwest side of Greenville. The 128-unit residential community will be available to tenants earning 60% or less of the area’s median income (AMI). This will allow for some of the community's most valuable members such as law enforcement and medical personnel to have access to affordable housing.

“We are incredibly excited to bring our first community to South Carolina with Cherokee Landing,” said TWG Vice President of Tax Credit Development Ryan Kelly. “This housing community will be in the heart of the growing city of Greenville, and we are certain that Cherokee Landing will continue to help the city flourish by providing affordable housing to its residents that need it most.”

Amenities of Cherokee Landing include a clubhouse, community room, indoor fitness center, business center, playground, energy-efficient appliances and more. Construction is expected to begin in July and will conclude in 2024.

The $40 million rental property is supported by low-income housing tax credits (LIHTC), tax credits from the state of South Carolina and support from KeyBank. This community will mark the 18th state that TWG has entered since its founding in 2007.

To learn more about TWG and its properties, please visit www.twgdev.com or follow them on LinkedIn, Facebook, Twitter and Instagram.

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About TWG Founded in 2007 and headquartered in Indianapolis, TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. With a focus on development, financing, design, construction and management, TWG has transacted over $2 billion in development costs and over 10,000 units nationwide. Committed to building strong foundations with its team, equity partners and the communities it serves, TWG knows that Together, We Grow. Learn more at www.twgdev.com.

As we discussed in our previous blog post, TWG works with countless local nonprofits across the country to serve disadvantaged populations and provide resources to better serve its 100+ housing communities.

Working with Visually Impaired Preschool Services (VIPS) One of these partnerships is right here in TWG’s home state, at Line Lofts Apartments in Indianapolis. TWG has partnered with Visually Impaired Preschool Services (VIPS) to develop Line Lofts, an affordable senior living community that prioritizes senior residents with visual impairments. VIPS is an organization that provides early intervention for children ages birth to 3 who are blind or visually impaired, and empowers families by providing resources to build a strong foundation for children to reach their highest potential.

One-fifth of units at Line Lofts are specially designed and are reserved for seniors with visual impairments. The community offers specific features that aid visually impaired residents, including oversized elevator buttons, tactile markings and dedicated ride sharing pickup spots, as well as a park area and washing station for service animals. The community sits conveniently next to the Blue Line Rapid Transit corridor, allowing senior residents with visual impairments to easily travel throughout Downtown Indianapolis.

Creating a dedicated resource center Line Lofts is the home of the VIPS Simon and Estelle Knoble Family Resource Center, an over 6,000 square-foot center that allows VIPS to provide for Indiana’s youngest children who are blind or visually impaired and their families, and offers services such as early intervention, orientation and mobility, preschool transition assistance, advocacy training and parent events.

The VIPS Family Resource Center includes: A lending library filled with braille and tactile books especially for babies and toddlers as well as parent resources available for check out as well; An adaptive playground; A sensory room; A “Toddler Town” specifically designed to meet the curiosity and educational needs of children with visual impairments; Two activity rooms with child-size furniture, appropriate toys and technology to support children with low vision, and a place where children can be assessed; A teletherapy room; A sensory garden; and An office space for staff and storage for adaptive equipment.

Elevating the partnership through events When the community first opened in 2021, TWG held a grand opening event for the property featuring speeches, a ribbon-cutting ceremony and tours of the new property, which was attended by over 250+ residents, influencers, stakeholders and community members.

Line Lofts is an important project for the city of Indianapolis, and TWG is honored to provide a space for aging members of the community to stay in the neighborhoods they have long called home. Line Lofts aligns with the Promise Zone’s Live IndyEast goals to create affordable housing that will benefit new and existing neighbors.

As TWG grows its presence nationwide and announces new developments, TWG expands its partnerships and forges new relationships with local nonprofits such as VIPS. Interested in living at Line Lofts or taking a tour? Check out the website. http://liveatlinelofts.com

Completing a summer internship is a college student’s right of passage. Internships are essential to gaining hands-on, real life experience and skills that otherwise wouldn’t be taught in a classroom setting, not to mention it also helps teach students what they like to do (or don’t like!) in their field of study.

This summer, TWG welcomed eight new interns to our team, joining our departments in Construction, Development, Management and Accounting. At TWG, we don't assign busy work to our interns. Our interns are able to complete real work on real projects, operating directly with our clients and executive team members. From learning how the construction process evolves from start to finish, getting involved on the development side, and focusing on the ins and outs of property management, our interns developed a wide array of hands-on expertise.

Throughout the summer, interns have the opportunity to accomplish various projects, tasks and skills relevant to their respective departments. Here’s a few highlights from two of our interns this summer:

Our Property Management Accounting intern, Evan Smith, set out to learn more about financial statements, accounting applications in real estate, the account cycles and much more. Evan gained a variety of experience throughout his internship, including receiving a deeper understanding of real estate account applications, obtaining knowledge of how investors view properties and what’s needed for investments to grow, and recognizing how to track, send and receive financials for a project.

Liam O’Rourke, our Construction intern, was eager to learn more about the in-office, management side of construction. During the course of his internship with us, he received a Procore project management certification for courses in core tools, project management and quality and safety. He also learned about general contractor licensing, Bluebeam (our tool for examining and marking up plans and documents) and gained insight into the vast responsibilities of a construction project manager.

Overall, our interns cited our people, positive work environment and projects as reasons to recommend completing a TWG internship. From their feedback, it’s clear TWG met our interns’ expectations when they set out to join our team – to find new opportunities for growth, learn more about the day-to-day of the industry, and see firsthand what a career in TWG’s departments could truly look like once they graduate.

Thank you to all our summer 2023 interns – Grant Meinerding, Ian Knoble, Evan Smith, Evan Latham, Liam O’Rourke, Chris White, Jack Denien and Brayton Foster! In fact, we’re looking forward to welcoming back Chris, our development intern, as a full-time development associate in 2024 once he graduates from IU Kelley School of Business. We’re excited that his experience and success throughout his internship resulted in a full-time position with our team. Congrats! We are always seeking talented professionals who are interested in a career in real estate development, particularly commercial, market rate, affordable, and senior housing developments. If you’re interested in a career with us, please click here for more information. Our summer internship application will open up again in early 2024.

ST. PETERS, Mo. – TWG (www.twgdev.com), a national real estate development company specializing in commercial, market rate, affordable and senior housing developments, today announces the construction of Reserve at Spencer, a $42.9 million affordable, multifamily community coming to St. Peters, Missouri. This community marks TWG’s third low-income housing tax credit (LIHTC) project in the state of Missouri.

Located at 4000 Ryleigh Reserve Lane, Reserve at Spencer will be a 192-unit, four-story property featuring one-, two- and three-bedroom layouts. Reserve at Spencer is set to be a fully affordable community with units reserved for households making less than 60% of the area median income (AMI).

“With the Reserve at Spencer community, we are thrilled to bring more affordable housing options to the city of St. Peters,” said TWG Development Director Jackson Taylor. “Addressing the national affordable housing crisis has always been part of our mission at TWG, and this community allows us to serve more residents and provide a safe, budget-friendly space for our residents to call home.”

Amenities include a community lounge/clubhouse, community kitchenette, playground, dog park, co-working and meeting rooms, fitness center, mail and package security rooms, in-unit washer and dryer, in-unit dishwasher and more.

“This development represents our commitment to offering Midwest communities high-quality and affordable housing options,” said Adam Lavelle, SVP, Originator at CREA, LLC. “We are excited to continue our long standing relationships with TWG and UMB Bank to deliver a safe, service enriched living environment for individuals and the community of St. Peters, Missouri to be proud of.”

Reserve at Spencer was made possible with the support from key partners including CREA, LLC, Merchants Bank, UMB Bank, and the Missouri Housing Development Commission (MHDC). Bond financing was also provided by the Industrial Revenue Authority (IDA) of St. Charles County. Construction for Reserve at Spencer is currently underway, and the community is expected to be completed in late 2024.

Media Contact: Ali Westergren, ali@dittoepr.com, 317-508-7446

Top Lessons Learned from 16 Years of Service

At TWG, housing is what we do. We’re highly trained and experienced in all aspects of housing from start to finish, so we know a thing or two about construction, development and management. Join us as we share some of our tips and tricks that have helped us over the years.

Communication is key After finance closes for a project, consider having an official kickoff meeting with all members of your development, construction, and management teams. During this meeting, have your full team discuss the commitments that were made (financial, state agency, city/town, service provider, etc.), the budget and schedule given, and introduce the internal team and their specific roles. This is a crucial stage that can make or break a whole project, and it all boils down to communication. The development team needs to clearly communicate everything that needs to be and go into the project, thus this meeting sets a precedent on the communication plan going forward.

Building for success Every housing community is different, which means how we build each one requires agility and expertise to face any challenges. Even the best laid plans can face complications, so it's important that all stakeholders are kept informed through the life of the project. General contractors should create progress reports to keep the full team – development, ownership, lenders, investors, and more – up-to-date on the timeline of the project. Additionally, think through what kinds of changes during construction can affect the project. Time, money, weather and more all play a factor in the expected completion date. These anticipated changes should be communicated and answered timely, with a game plan in place for each possibility. Finally, think about the worksite itself. Every site is unique – even a frequently used design may have to evolve to fit the specific terrain. An experienced general contractor knows how to be agile and assess potential courses of action to ensure the project can still be delivered on-time and on-budget.

Housing is more than design While design is a critical aspect of your new housing development, community makes it a home. The intended renting demographic can inform everything from unit mix selection to the services provided. Let’s talk about senior developments, for example. Seniors tend to stay longer, and this could be their last home. There are also less people in the household, whether it’s a single person or a couple, so typically studios, one-bedrooms and two-bedrooms are best. Consider partnering with a local organization to provide supportive services for elders, use appropriate signage for those who are visually-impaired, and offer wider spaces in hallways and ramps in and out for anyone who is handicapped.

Particularly for senior developments, the greater community itself is a large aspect of what makes their housing so important. Plan for community-wide events for not just the seniors, but for their visiting families as well. Having ample community space is a great way to bolster their mental health. In particular, stock a community room with a full kitchen to fulfill their entertaining needs with their families, include a pet-friendly area so both seniors and families can bring their furry companions, and think through beneficial outdoor activities and amenities that will keep all residents fulfilled and happy.

We look forward to sharing more of our lessons learned with you throughout our upcoming blog series.

The entire team at TWG is dedicated to ensuring housing is a right for all, and we’re looking forward to working on more housing communities for decades to come. For more information on our latest communities, click here.

How partners can bring housing developments to life

Working collaboratively with local governments, municipalities, nonprofits, and surrounding communities has always been at the forefront of TWG’s process for creating housing for all. TWG has built lasting partnerships with organizations across the country in its mission to bring high-quality, affordable housing options to life.

Partnering with local governments Developing a new community is a complex process that takes time. It’s imperative to work hand-in-hand with the local government or municipality throughout the entire process so that everyone is on the same page. This streamlines processes, and can help identify any potential zoning challenges or roadblocks early on. Push back from local governments can massively hinder potential housing opportunities, therefore it’s crucial to work together and ensure all parties are aligned on project goals and priorities.

TWG also relies on the Low-Income Housing Tax Credit (LIHTC) program to fund many of its affordable housing communities, which is the largest federal program encouraging the creation of affordable rental housing for low-income households. The federal government issues tax credits to state and territorial governments, and then state housing agencies award these credits to developers, such as TWG, to complete housing projects through a competitive process.

Giving back by working with local nonprofits TWG has also worked with countless local nonprofits to cater to disadvantaged and underserved populations by providing resources and housing to better serve its communities. TWG has 100+ housing communities across the United States, most of which have partnerships with local non-profit agencies.

For example, TWG’s Line Lofts Apartments is a senior living development on the eastside of Indianapolis. The community prioritizes senior residents with visual impairments as part of a partnership between TWG and local nonprofit Visually Impaired Preschool Services (VIPS). The development has specific features that aid visually impaired residents, including oversized elevator buttons, tactile markings and dedicated ride sharing pickup spots, as well as a park area and washing station for service animals.

Line Lofts is the home of the VIPS Simon and Estelle Knoble Family Resource Center, an over 6,000 square-foot center that allows VIPS to provide for Indiana’s youngest children who are blind or visually impaired and their families, and offers services such as early intervention, orientation and mobility, preschool transition assistance, advocacy training and parent events.

Another example is Residences at Fireclay in Utah, where TWG partnered with First Step House to support its veterans and reserve units specifically for disabled seniors and seniors who have experienced homelessness. First Step House, a Salt Lake City-based nonprofit, serves over 1,200 individuals each year within the community to address challenges of addiction, mental health, homelessness and criminal justice involvement. This partnership will ensure that residents with disabilities receive the supportive services they need to ​​build productive, meaningful and healthy lives long-term.

Serving the needs of its communities Across the country in Seattle, TWG is currently working with the Watershed Community Development (WCD), a non-profit organization based in the neighborhood that employs long-term local staff agents leading the technical development process. WCD’s mission is to create homes and workspaces for artists, artisans, local workers and strengthen existing community bonds. The upcoming affordable housing community has dozens of local artists working on it, as well as a long list of community supporters. WCD will remain the land owner, be the non-profit sponsor, and continue community engagement work once completed, with plans to host 1,000 events in the district.

Every development is a huge undertaking that requires a network of organizations and partnerships to make it possible. TWG is grateful for all of the talented architects, designers, engineers, contractors and more that have dedicated their time to making these projects a reality.

TWG is continuing to foster partnerships and announce new developments nationwide. For more information on our latest communities, click here.