Acquisition, Rehab, Ground-Up, Entitlement
Development
With extensive experience working with city, state and federal agencies, CCI Development leverages three decades of ownership experience to develop properties that make sense in the long term — with respect for basic real estate fundamentals.
Development
Ground-up and value-add development across the asset classes we know best.
- Land entitlement
- Ground-up construction
- LIHTC 4% and 9% developments
- Retail
- Mini-storage
- Acquisition / rehab
- Value-added development
Affordable acquisitions
Focused on preservation and with limited geographic restrictions, CCI is actively seeking to acquire project-based Section 8 multifamily properties as well as LIHTC portfolios.
- HAP assignments and TPAs
- Broad HUD program expertise
- Housing authority, agency, state and local partnerships
- 223(f), a(7), 221(d)(4), FNMA, FMAC, bond, state agency, risk-share and conventional loan structures
- Use and regulatory agreement expertise
- Preservation focused
Market-rate acquisitions
Patient capital and ownership experience shape our acquisition criteria, with an emphasis on strong market potential and value-add opportunities.
- Multifamily expertise
- Hands-on ownership allows for real underwriting
- Deep lending partnerships
- Responsive and decisive — an excellent seller experience
- A variety of asset classes to create portfolio diversity
- Opportunistic purchaser of conventional asset classes
Case Studies
We underwrite a wide range of deals, nationwide.
1710 on the Blvd
Thousand Oaks, California
A 5.13-acre mixed-use development in Thousand Oaks’ downtown corridor — the first such project approved in the city following the 2011 Thousand Oaks Boulevard Specific Plan. The site, home to Lupe’s Mexican Restaurant for nearly 70 years, closed in August 2017.
The project preserves a 400-year-old oak tree and features central pedestrian walkways, five live-work units and two restaurant spaces — a work-play-live environment for downtown Thousand Oaks.
Trent Center East & West
Trenton, New Jersey
Trent East (228 units) and Trent West (246 units) are high-rise apartments for elderly residents. A CCI affiliate bought both buildings in December 2014 to renovate them with $17 million for construction, upgrades and safety improvements.
Trent East — $13.5M bond transaction, August 2015
CCI prepaid the existing HUD 202 debt and obtained 16 more Section 8 units, benefiting 90% of the building.
- LIHTC equity $5.7M
- State credit equity $3.4M
- AHP funds $1.5M
- Permanent financing $7.5M
Trent West — bond transaction, December 2015
CCI secured rental subsidies for over 150 units through HUD’s RAD program, benefiting all residents.
- LIHTC equity $7.4M
- State tax credits $4.277M
- AHP funds $2M
- Permanent financing (HUD loan) $3M
More projects
JJ Henderson
Durham, NC
A RAD conversion with HUD, the Durham Housing Authority and the City of Durham, fully renovated and award-winning.
JJ Henderson
Durham, North Carolina
A RAD conversion with HUD, the Durham Housing Authority, the North Carolina Housing Finance Agency and the City of Durham — financed with 4% bonds, LIHTC equity and city funds. Interior renovations, energy efficiencies, HVAC, a new roof and other critical systems.
The $31.2 million revitalization was delivered on time and on budget, and the Joyce & JJ Henderson Senior Campus was honored at the 2024 Housing North Carolina Awards for affordable housing excellence in downtown Durham.
Lakeside Village
Thousand Oaks, CA
Twenty standalone modular cottages in the heart of Thousand Oaks, launched in 2025.
Lakeside Village
Thousand Oaks, California
Lakeside Village is a 20-home modular cottage community in the heart of Thousand Oaks, launched in 2025 — stylish standalone one- and two-bedroom homes crafted for convenience and quality.
Each brand-new cottage pairs contemporary design with highly functional kitchens, spacious bedrooms and excellent energy efficiency. Residents are a short walk from The Lakes at Thousand Oaks, the Bank of America Performing Arts Center and Gardens of the World — a Walk Score of 86.
Northport
North Sioux City, SD
Ground-up construction of 21 affordable apartments in North Sioux City.
Northport
North Sioux City, South Dakota
Ground-up construction of 21 affordable apartments in North Sioux City.
Rebuilt from the ground up after a devastating fire, Northport Senior Apartments officially reopened its doors to seniors with a ribbon-cutting celebration in June 2024.
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Sacramento Manor
Sacramento, CA
California's largest all-electric retrofit of affordable senior housing, with residents in their homes throughout.
Sacramento Manor
Sacramento, California
Sacramento Manor is a 260-home senior community on ten acres in south Sacramento. Working with Alliance Property Group, CCI recorded a regulatory agreement preserving affordability and in doing so unlocked roughly $2.5 million in electrification incentives.
Every apartment received heat-pump heating and cooling, new dual-pane windows and insulation, with residents staying in their homes throughout. It is the largest retrofit of its kind in California, projected to save $240,000 a year.
In September 2022, the project was given the SMUD Clean PowerCity Award for Carbon-Free Sustainable Building at the Sacramento Area Sustainable Business Awards, accepted by Alliance Property Group on behalf of the partnership with CCI, alongside Bright Power and SHRA.
Terraces at Morehead
Durham, NC
Ground-up construction of 25 market-rate, for-sale condominiums in Durham.
Terraces at Morehead
Durham, North Carolina
Ground-up construction of 25 market-rate, for-sale condominiums in Durham.
In its first-ever entry, the Promenade town home at 745 Willard St. won Bronze at the 2023 Durham, Orange & Chatham Parade of Homes.
The Livelle
Woodland Hills, CA
A luxury life-plan community on 19 acres beside the MPTF campus in Woodland Hills, breaking ground in 2026.
The Livelle
Woodland Hills, California
A luxury life-plan community on 19 acres beside the MPTF campus — apartments, penthouses and villas with a resort-style pool, restaurant, theater and walking trails.
In collaboration with Life Care Services, The Livelle brings nature-infused senior living with a full continuum of care to Mulholland Drive. Created by nature. Elevated by luxury.
The Villas at Channel Islands
Oxnard, CA
Ground-up construction of 72 market-rate apartments in Oxnard.
The Villas at Channel Islands
Oxnard, California
Ground-up construction of 72 market-rate apartments in Oxnard, near the Channel Islands Harbor.
Village Green
Redlands, CA
Rehabilitation of a 106-unit market-rate senior community in Redlands.
Village Green
Redlands, California
Rehabilitation of a 106-unit market-rate senior community in Redlands.
Have a site, a deal or an at-risk property?
We look at acquisitions, preservation deals and ground-up opportunities nationwide.
