Pinnacle Partners and JPI Launch $200 Million Workforce Housing Fund

The U.S. is facing a historic shortage of workforce and affordable housing. Pinnacle Partners has partnered with JPI, a leading developer and builder of Class A multifamily housing, to address this critical need. 

We are thrilled to announce the launch of our $200 million Workforce Housing Fund that aims to deliver high-quality housing solutions in markets where job growth and population expansion are outpacing available housing. Our Fund currently consists of four major projects across Texas, California, and Washington – areas selected for their proximity to thriving industries, high-quality jobs, and rapidly increasing housing demand.

Why Workforce Housing Matters

Workforce housing focuses on providing affordable, high-quality rental options for middle-income households. With homeownership becoming increasingly unattainable for many, workforce housing is filling the gap by offering accessible living options in areas of economic growth.

This shortage is particularly pronounced in high-growth markets, where booming industries and increasing populations are creating significant demand for affordable housing options. Our Workforce Housing Fund seeks to address this gap while creating value for investors and improving local communities.

Our Projects 

The Workforce Housing Fund’s initial developments will bring much-needed housing options to diverse communities and the Fund’s current projects are as follows:

• Oceanside, California: A 295-unit, 4-story garden-style community near Downtown Oceanside and Camp Pendleton. This project addresses Northern San Diego County’s critical need for workforce housing.
• Redmond, Washington: A 224-unit, 8-story development near the Microsoft Corporate Campus and East Link Light Rail. This community will serve the growing demand for housing in the Seattle-Bellevue tech corridor.
• Denton, Texas: A 415-unit development featuring modern European architecture and high-end amenities in one of Texas’ fastest-growing college towns.
• McKinney, Texas: A 393-unit urban-style development in a booming northern suburb of Dallas, designed to cater to the area’s expanding population.

With Pinnacle Partners and JPI’s combined expertise and proven track record, this Fund is set to deliver high-quality, sustainable housing solutions in some of the country’s most dynamic markets.

Learn more by visiting our Workforce Housing Fund page and be sure to stay up-to-date on the latest news here. 

Past performance of Pinnacle Partners OZ Funds is not indicative of future results. There can be no assurance that the fund’s objectives will be achieved or that cash distributions will, in fact, be made or, if made, whether those distributions will be made when or in the amount anticipated or that certain tax benefits will be available to investors. An investment in the fund is illiquid, speculative, and will involve significant risks. It is only offered to suitable and qualified investors. Full details about the fund and its associated risks can be found in the fund offering documents. 

Nothing in this blog post should be construed as tax advice.  Please confer with your tax adviser to determine if an investment in an OZ fund is right for you.