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CDT has partnered with @Liam Moor to acquire Atlantic at Twin Hickory, a 110‑unit age restricted affordable housing community in Glen Allen, VA, in the Richmond MSA. Units in the community serve renters earning 60% or less of the area median income under the senior LIHTC program.
“This acquisition reflects CDT’s continued commitment to preserving deeply affordable, well-maintained homes for senior residents for the long run,” said @Michael Lear, Chief Business Development Officer at CDT. “We are excited to provide long-term, mission-focused capital that safeguards both the property’s physical condition and its affordability for current and future residents, and we are thrilled to partner with Liam Moor to expand our presence in Virginia.”
The acquisition secures high‑quality, affordable housing in a rental market with limited affordable options for seniors. Comparable market rents in the area are hundreds of dollars higher than rents at Atlantic at Twin Hickory, creating meaningful monthly savings for residents and preserving stability for low‑income seniors.