Media & Press
GoodHomes Secures $76M Bridge Financing for Hotel-to-Multifamily Conversion Portfolio
OCTOBER 2025
Strategic refinancing from M&T Realty Capital supports stabilization of 886 units across Detroit, Fayetteville, Groton, and Warwick, advancing GoodHomes’ mission to repurpose underutilized hotels into attainable housing for working families nationwide.
M&T Realty Capital Corp Closes $76.2M loan for GoodHomes’ 5-Property Portfolio
OCTOBER 2025
M&T Realty Capital Corp. closed a $76.2 million bridge loan for the GoodHomes Portfolio, encompassing five hotel-to-multfiamily conversions located in four markets, including Detroit, MI, Fayetteville, NC, Groton, CT, and Warwick, RI.
GoodHomes Opens The Presley Apartments in Warwick, Adding 190 Middle-Income Homes
SEPTEMBER 2025
Former Sheraton hotel transformed into attainable housing through adaptive reuse and public-private collaboration with the Rhode Island Middle Income Housing program.
$27 Million Investment to Transform Former Silver Spring Hotel into 227 Affordable Homes
JULY 2025
GoodHomes partners with Arctaris Impact and Housing on Merit to convert the Hotel Silver Spring into a vibrant mixed-income community, with half of the units affordable to households earning up to 60% of Area Median Income.
GoodHomes Chattanooga rECEIVED 2025 cOSTAR IMPACT AWARD FOR REDEVELOPMENT OF THE YEAR
MARCH 2025
Tennessee-area apartment complex fills affordable housing void, winning the 2025 CoStar Impact Award for redevelopment of the year in Chattanooga.
GoodHomes and arctaris to Transform Vacant Baltimore Hotel into Workforce Housing
JANUARY 2025
Backed by $30M in Opportunity Zone Investment from Arctaris Impact Investors, GoodHomes is converting a former Embassy Suites into 303 apartments, revitalizing downtown Baltimore and supporting local economic growth.
goodhomes celebrates opening the first two attainable housing projects in fayetteville
NOVEMBER 2024
After a full transformation of a former Ramada Plaza, GoodHomes Bordeaux opens its doors with 255 modern apartments, attainable rents, and vibrant amenities, redefining workforce housing in the heart of Fayetteville.
Forman Capital funds $9.41M loan for hotel-to-multifamily conversion near Greensboro, NC
APRIL 2024
GoodHomes is converting the OYO Hotel in Burlington into 135 studio apartments, providing a viable option for many people who have been priced out of the traditional rental market.
thorofare closes $51,500,000 hotel-to-multifamily conversion financing with goodhomes
MAY 2023
Thorofare Capital has provided a $51,500,000 portfolio financing for the GoodHomes Portfolio, a five-property assemblage of hotel-to-multifamily conversion projects across North Carolina, Michigan, Connecticut, and Rhode Island.