The annual 9% federal Low-Income Housing Tax Credits are expected to generate $214.7 million in private investment to create 17 projects totaling nearly $325 million in total development investment.

The investor buys a 393,484-square-foot industrial cross-dock facility in Phoenix that is 50% occupied.

Partnering with Randolph Street Realty Capital, the firm has acquired the 80-unit Union @ Roosevelt apartment complex as its foray into the market.