Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Unlike some developers in the market, Ernesto Lopes, president & CEO of AHS Residential, doesn’t want to build high-end, luxury apartments. Instead, he aims to help solve the housing crisis by building attractive communities at a moderate price point for working-class families and individuals.

Even before the pandemic, that wasn’t easy. But, now, with soaring construction and labor costs, it is a daunting task. Still, Lopes says it is possible. In fact, he thinks it is possible to build attainable housing on a large scale. He plans to start 1,000 units by the end of this year. By 2024, he wants to hit 5,000 annually.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.