The Homekey project at 1237 San Antonio Road has been in the works since fall 2023, when city and state leaders touted its importance in addressing the local and regional housing crisis.
BHI provided a $167 million construction loan to Yellowstone Real Estate Investments for the conversion of the Candler Building into a 176-unit residential tower with retail space, totaling $203 million in financing.
Good urbanism should transcend politics. Socialists and capitalists can walk the same neighborhood and agree it's a pleasant place to live. They can each appreciate the tree canopy, the corner café with people spilling onto the sidewalk, the mix of ages on bikes and on foot, the architectural details of older buildings, and so on.
The last Rienda release concentrates on three all-age neighborhoods scheduled to grand open in fall 2026: Sunflower by Trumark Homes, Indigo by Lennar, and Primrose by Shea Homes, each offering a range of family-oriented home designs.
Galliard Homes reduced the amount of affordable housing in the project's housing stock from 35 per cent to just 10 per cent, citing increased construction costs and changing building regulations as key factors.
The $0.45 per share payment marks the eighth consecutive annual dividend increase since VICI's 2018 IPO. The most recent raise represented a 4.0% year-over-year increase from the prior quarterly rate of $0.4325 per share.
The structure pairs $150 million of equity from GTIS investment vehicles with $50 million from Hovnanian, or 25% of the equity capital. Total build-out costs are projected at about $545 million, supporting an estimated $617 million in home value.