With 2,114 units currently under construction and 1,281 units completed between 2021 and 2023, this is The Annex Group’s third time appearing on the list which is created based on self-reported data from participating firms being analyzed by Multi-housing News’ weighted formula.

“The past year has been one of growth and innovation for us at The Annex Group,” said Kyle Bach, CEO of The Annex Group. “We’ve entered new markets, expanded into new asset classes, and ultimately made every move with impact as our unchanging end-goal. We’re proud of what we’ve been able to accomplish amid continued industry volatilities, and even more, we’re looking forward to all 2025 will bring us and especially our residents.”

In 2024, The Annex Group announced plans for seven new communities:

• Union at the Marina, an affordable housing community in Dubuque, Iowa
• Union at Bluffs Run, an affordable housing community in Council Bluffs, Iowa
• Union at A2, an affordable housing community in Ann Arbor, Michigan
• A new student housing community in a public-private partnership with the University of Memphis in Tennessee
• Union at Purple Heart Trail, an affordable housing community in Wichita, Kansas
• Union at River’s Edge, an affordable housing community in Des Moines, Iowa
• Central at South Haymarket, an affordable housing community in Lincoln, Nebraska 

The company also completed construction on:

• Union at Middle Creek, an affordable housing community in Lincoln, Nebraska
• The Annex of Bloomington, a workforce housing community in Bloomington, Indiana
• Union at Pacific Highway, an affordable housing community in Corvallis, Oregon
• Union at Oak Grove, an affordable housing community in Howell, Michigan
• Union at North Crossing, an affordable housing community in Waterloo, Iowa
• The Annex of Pullman, a student housing community in Pullman, Washington

According to Multi-housing News, “There has been significant multifamily development this year. As of early November, the national pipeline included nearly 1.2 million units under construction and more than 4.4 million units in the planning and permitting stages, according to Yardi Matrix data.”

To learn more about The Annex Group, visit www.theannexgrp.com.

ABOUT THE ANNEX GROUP^®

The Annex Group® is a leading impact housing developer that creates affordable, workforce, student and market-rate housing communities. With a focus on providing innovative, amenitized housing in emerging markets throughout the United States, The Annex Group is headquartered in Indianapolis, Indiana. To learn more about The Annex Group, visit www.theannexgrp.com or follow them on Facebook and LinkedIn.

The post THE ANNEX GROUP® RANKS ON MULTI-HOUSING NEWS 2024 TOP MULTI-HOUSING DEVELOPMENT FIRM LIST appeared first on The Annex Group.

“Entering the Council Bluffs area is a natural fit for The Annex Group,” said Ryan Clark, Senior Vice President of Development at The Annex Group. “As an organization, we’ve expanded our footprint in Iowa and see this as another opportunity to bring affordable housing to a growing area that truly needs it. We look forward to becoming a part of this great community.”

Union at Bluffs Run will be on more than ten acres and consist of four, three-story apartment-style buildings and an additional, single building which will contain the community room, fitness center and leasing office. Other community amenities include a playground, a dog walking area and a picnic area.

“Everything about this community has been decided with future residents in mind,” said Derek Hays, Director of Development for The Annex Group. “We truly believe it will enhance the surrounding community and be a welcome place for people to gather and enjoy life. With the help of incredible partners, we’re creating a community that we are very proud of.”

Partners on the project include: RQAW, Snyder and Associates, the City of Council Bluffs, Merchants Capital, which provided more than $22 million in total equity and over $24 million in permanent debt financing, Merchants Bank, which provided more than $40 million in construction financing, and Fannie Mae. Thanks also to the Iowa Finance Authority (IFA) for their continued support in providing affordable housing across the state of Iowa, specifically through the issuance of 4 percent tax credits and tax-exempt bonds.

“It is an honor to continue our meaningful work with The Annex Group,” said Nick Miller, Transaction Manager at Merchants Capital. “We look forward to witnessing the long-term impact the 192 affordable housing units at Union at Bluffs Run will have on its residents and families in the greater community.”

“We are thrilled to have had the opportunity to design this new affordable housing development, which we believe will make a lasting positive impact on the community,” said Victoria Templeton, AIA, Multifamily Studio Lead, RQAW | DCCM. “The five thoughtfully designed three-story buildings are complemented by a walkable neighborhood, providing residents with easy access to essential amenities such as a community room, dog park, and playground. This project marks an important step forward in creating vibrant, sustainable spaces where people can thrive. We would like to extend our heartfelt thanks to The Annex Group for their continued partnership, and we are excited to contribute to their latest development in Iowa, furthering our shared commitment to accessible, quality housing for all."

Union at Bluffs Run is expected to open in fall 2026. This will be The Annex Group’s fourth affordable housing community located in Iowa. Union at Wiley, located in Cedar Rapids, opened last year; Union at North Crossing, located in Waterloo, and Union at River’s Edge in Des Moines, are both under construction.

To learn more about The Annex Group, visit www.theannexgrp.com.

The Annex Group® is a leading impact housing developer that creates affordable, workforce, student and market-rate housing communities. With a focus on providing innovative, amenitized housing in emerging markets throughout the United States, The Annex Group is headquartered in Indianapolis, Indiana. To learn more about The Annex Group, visit www.theannexgrp.com or follow them on Facebook and LinkedIn.

The post THE ANNEX GROUP® BREAKS GROUND ON UNION AT BLUFFS RUN, A NEW AFFORDABLE HOUSING COMMUNITY IN IOWA appeared first on The Annex Group.

• Location: Union at Middle Creek
• 2643 West Timberlake Drive
• Lincoln, Nebraska 68522
• When: Thursday, November 7 at 11 a.m.
• What: Join The Annex Group, city officials including Mayor Gaylor Baird and the community in celebrating Lincoln’s newest affordable housing community

The city of Lincoln and its partners created an Affordable Housing Coordinated Action Plan in late 2020 that provided a thorough understanding of the demographics and housing conditions in the area. It noted, “Since 2010, only nine low-income housing tax credit (LIHTC) projects have been placed with 537 units.”

“Lincoln is a growing city with an increasing population and competitive job market,” said David Wesner, Vice President of Development for The Annex Group. “This is an area where affordable housing is needed, and the addition of these units will make a true difference within the community. That’s something we’re very proud of.”

This is The Annex Group’s first community in Nebraska. Property amenities include a clubhouse, fitness center, nature trail, and a balcony or patio for all units.

“Union at Middle Creek’s location was strategically chosen to be appealing to the people of Lincoln,” said Tom Tomaszewski, President of The Annex Group. “Within one mile of the community is a grocery store, bank and public transportation. This is an amenity-rich area already, and we’re hoping the desirable location and access to nearby meaningful resources will help to enrich the lives of the people living here.”

Partners on the project include: R4 Capital Funding as a lending partner, R4 Capital as an equity partner, Summit LIHTC Consulting, REGA Engineering Group, Wallace Architects, and NP Dodge Management Company for property management.

ABOUT THE ANNEX GROUP®
The Annex Group® is a leading impact housing developer that creates affordable, workforce, student, and market-rate housing communities. With a focus on providing innovative, amenitized housing in emerging markets throughout the United States, The Annex Group is headquartered in Indianapolis, Indiana. To learn more about

The post The Annex Group Announces Grand Opening and Ribbon Cutting Ceremony For Union at Middle Creek appeared first on The Annex Group.

INDIANAPOLIS (October 29, 2024) – The Annex Group

• Location: Union at A2 2050 Commerce Blvd. Ann Arbor, MI 48103
• When: Tuesday, October 29 at 11:00 a.m. EST
• What: Join The Annex Group, city officials and the community in a ceremonial groundbreaking for Union at A2.

Ryan Clark, Senior Vice President of Development says, “With waitlists of over two years at other nearby affordable housing communities, Union at A2 will provide not only one of the largest affordable housing communities in Ann Arbor in over 45 years, but a new modern development for 250 households to call home.”

Union at A2 will feature a community center, bike storage, fitness center, on-site leasing office, outdoor picnic and grilling area, and a playground. The community’s location was planned with future residents in mind. It is in close proximity to dining, retail options, a pharmacy and schools. It is also conveniently located next to the public bus system.

Partners on the project include: BKV Group, Midwestern Consulting, the City of Ann Arbor, Michigan State Housing Development Authority (MSHDA), which provided $35 million in permanent mortgage dollars, $15 million of soft debt, Grow America, which provided $22.5 in LIHTC equity, and Ann Arbor Housing Commission, which provided $3 million of soft debt.

“In keeping with our history of being the first and most dedicated community and economic development nonprofit, Grow America is thrilled to be part of another long term investment in high quality, affordable housing that will benefit the state of Michigan and the City of Ann Arbor,” said James Poznik, Director of Acquisitions and Underwriting for Grow America. “We would also like to congratulate the dedicated development team at The Annex Group as well as the MSHDA finance team and the City of Ann Arbor for all their hard work bringing Union at A2 to reality.”

“Developing affordable housing requires all hands on deck,” said Jennifer Hall, Executive Director of Ann Arbor Housing Commission. “I am thrilled to work with the Annex Group, a developer doing the hard work of utilizing complicated low income housing tax credits and MSHDA funds to finance 250 apartments for households in Ann Arbor. Providing a $3 million loan is a great use of local funding to ensure that the project gets built.”

The community is expected to open in fall 2026. This is The Annex Group’s third community in Michigan. Union at Oak Grove, another affordable housing community, is currently leasing with an open house and ribbon cutting planned for next year. The Annex of Battle Creek is a student housing community the company renovated in 2016.

To learn more about The Annex Group, visit www.theannexgrp.com.
ABOUT THE ANNEX GROUP® The Annex Group® is a leading impact housing developer that creates workforce, affordable and student housing communities. With a focus on providing innovative, amenitized housing in emerging markets throughout the United States, The Annex Group is headquartered in Indianapolis, Indiana. To learn more about The Annex Group, visit www.theannexgrp.com or follow them on Facebook and LinkedIn.

The post THE ANNEX GROUP® BREAKS GROUND ON UNION AT A2, A NEW AFFORDABLE HOUSING COMMUNITY IN ANN ARBOR, MICHIGAN appeared first on The Annex Group.

INDIANAPOLIS (October 10, 2024) – The Annex Group®, a leading impact housing developer that creates affordable, workforce, student, active adult and market-rate housing communities, announces today it has broken ground on a new student housing community at the University of Memphis.
The new community will feature 542 beds within studio, two-bedroom and four-bedroom units, and be part of the Park Avenue Campus, which is also the future site of Tiger Park, the integrated academic and athletic facilities complex the University of Memphis has in the works. The community is being built to house both university students and student athletes.

“We are thrilled to officially begin construction on this property that will appeal to students and student athletes alike,” said Tom Tomaszewski, President of The Annex Group. “Working side by side with the university has helped to ensure we’re providing innovative and desired amenities that will enhance Park Avenue Campus as well as the lives of those students choosing to live there.”

Speakers at the groundbreaking event included Tomaszewski and multiple University of Memphis representatives: Bill Hardgrave, President, Cato Johnson, Chairman of the Board of Trustees, Rene Bustamante, Executive Vice President and Chief Operations Officer/Chief Financial Officer, Tim Duncan, Senior Deputy Athletics Director, and Melinda Carlson, Vice President of Student Affairs.

“This building will provide our Tigers with a thoughtfully designed community where they can thrive,” said Carlson. “It has been a pleasure to work with each of the partners on this development, and I look forward to that continued partnership so that we can build the environment and facility that each of our students deserve. From the vibrant great room, grab-and-go market, multifunction spaces on every floor, the privacy of individual bedrooms and bathrooms, safety and security features consistent with the university’s considerable campus investments, to the outdoor living spaces that include an outdoor kitchen and hammock garden, this building will provide space not simply for students to live but places for community and engagement to further strengthen connections to each other and the University of Memphis. Those connections in that community are critical for student success.”

The new community is being designed with today’s college students in mind and will feature study spaces, social spaces and outdoor living areas, as well as grab-and-go dining options.
After a groundbreaking event yesterday at the Park Avenue Campus, construction on the community is now officially underway, with the community expected to open in fall 2026.
This will be The Annex Group’s second housing community in Memphis. The Annex of Memphis, an off-campus housing community located within walking distance of the University of Memphis, opened in 2021.
To learn more about The Annex Group, visit www.theannexgrp.com.

ABOUT THE ANNEX GROUP®
The Annex Group® is a leading impact housing developer that creates affordable, workforce, student, and market-rate housing communities. With a focus on providing innovative, amenitized housing in emerging markets throughout the United States, The Annex Group is headquartered in Indianapolis, Indiana. To learn more about The Annex Group, visit www.theannexgrp.com or follow them on Facebook and LinkedIn.

The post THE ANNEX GROUP® BREAKS GROUND ON NEW STUDENT HOUSING COMMUNITY AT THE UNIVERSITY OF MEMPHIS appeared first on The Annex Group.

INDIANAPOLIS (October 3, 2024) –

“We’re really excited about bringing this community to the people of Ann Arbor,” said Drew Rosenbarger, Vice President of Development for The Annex Group. “As always, we want to find areas that have a demonstrable need for housing, and Ann Arbor fits the bill. The city is experiencing growth, and we know more people will be seeking a place to live because of that growth. Union at A2 will help fulfill that need, and more importantly, with attainable rents.”

Ryan Clark, Senior Vice President of Development adds, “With waitlists of over two years at other nearby affordable housing communities, Union at A2 will provide not only one of the largest affordable housing communities in Ann Arbor in over 45 years, but a new modern development for 250 households to call home.”

Union at A2 will feature a community center, bike storage, fitness center, on-site leasing office, outdoor picnic and grilling area, and a playground. The community’s location was planned with future residents in mind. It is in close proximity to dining, retail options, a pharmacy and schools. It is also conveniently located next to the public bus system.
Partners on the project include: BKV Group, Midwestern Consulting, the City of Ann Arbor, Michigan State Housing Development Authority (MSHDA), which provided $35 million in permanent mortgage dollars, $15 million of soft debt, Grow America, which provided $22.5 in LIHTC equity, and Ann Arbor Housing Commission, which provided $3 million of soft debt.

“In keeping with our history of being the first and most dedicated community and economic development nonprofit, Grow America is thrilled to be part of another long term investment in high quality, affordable housing that will benefit the state of Michigan and the City of Ann Arbor,” said James Poznik, Director of Acquisitions and Underwriting for Grow America. “We would also like to congratulate the dedicated development team at The Annex Group as well as the MSHDA finance team and the City of Ann Arbor for all their hard work bringing Union at A2 to reality.”

“Developing affordable housing requires all hands on deck,” said Jennifer Hall, Executive Director of Ann Arbor Housing Commission. “I am thrilled to work with the Annex Group, a developer doing the hard work of utilizing complicated low income housing tax credits and MSHDA funds to finance 250 apartments for households in Ann Arbor. Providing a $3 million loan is a great use of local funding to ensure that the project gets built.”

An official groundbreaking for Union at A2 will be announced in the coming days. The community is expected to open in fall 2026. This is The Annex Group’s third community in Michigan. Union at Oak Grove, another affordable housing community, is currently leasing with an open house and ribbon cutting planned for next year. The Annex of Battle Creek is a student housing community the company renovated in 2016.
To learn more about The Annex Group, visit www.theannexgrp.com.

ABOUT THE ANNEX GROUP®: The Annex Group® is a leading impact housing developer that creates workforce, affordable and student housing communities. With a focus on providing innovative, amenitized housing in emerging markets throughout the United States, The Annex Group is headquartered in Indianapolis, Indiana. To learn more about The Annex Group, visit www.theannexgrp.com or follow them on Facebook and LinkedIn.

The post THE ANNEX GROUP® ANNOUNCES PLANS FOR UNION AT A2, A NEW AFFORDABLE HOUSING COMMUNITY IN MICHIGAN appeared first on The Annex Group.

INDIANAPOLIS (September 12, 2024)

• When: Monday, September 16 from 4 to 6 p.m. EST
• Where: The Annex of Bloomington outdoor terrace located at the 229 South Grant Street building
• What: Join The Annex Group, Bloomington Mayor Kerry Thomson, community partners and the community in celebrating Bloomington’s newest workforce housing community

“With a high population of renters and the student population of Indiana University, additional housing was needed in this area,” said Joy Skidmore, Development Consultant for The Annex Group. “To open our doors and show off this community is exciting but filling it with people who want and need a place to call home is even more so.”

The Annex of Bloomington is at the corner of 3rd and Grant Street in an area called the University Village Downtown Character Overlay District and is within walking distance to the Indiana University campus. As it is the workforce that drives the need for housing, this community is located in an area where people may struggle to find rental living.

“The Annex of Bloomington is in a desirable neighborhood with lots to do,” said The Annex Group President Tom Tomaszewski. “The property also comes with its own amenities, including retail space on the first level which includes a new Bru Burger location from Cunningham Restaurant Group, and Coffee Beanery in Bloomington, a new coffee shop which is opening soon. These are great dining options that will be really enjoyed by residents.”

Partners on the project include: Gilliatte General Contractors, Inc. for construction, KTGY as the architect, Smith Design Group, Inc. for engineering, and STAR Financial Bank for $18.1 million in funding.

To learn more about The Annex Group, visit www.theannexgrp.com.

ABOUT THE ANNEX GROUP®
The Annex Group® is a leading impact housing developer that creates affordable, workforce, student, active adult and market-rate housing communities. With a focus on providing innovative, amenitized housing in emerging markets throughout the United States, The Annex Group is headquartered in Indianapolis, Indiana. To learn more about The Annex Group, visit www.theannexgrp.com or follow them on Facebook and LinkedIn.

The post THE ANNEX GROUP® HOSTS OPEN HOUE AND RIBBON CUTTING AT THE ANNEX OF BLOOMINGTON, A WORKFORCE HOUSING COMMUNITY IN INDIANA appeared first on The Annex Group.