Catalyst, CalCHA buy three California properties for $525m

Catalyst Housing Group is expanding its middle-income essential housing model across California, with the acquisition of two multifamily housing communities in Southern California and its fifth property in Northern California. The transactions, completed in partnership with the California Community Housing Agency, totaled $525 million.

“Catalyst is a mission-driven organization focused on affordably and sustainably housing our essential middle-income workforce,” said Jordan Moss, founder of Catalyst Housing Group. “California will increasingly struggle to have fully functioning communities if we cannot produce opportunities to house our nurses, teachers, first responders and civil servants directly within the communities they serve.”

The acquisition of Next on Lex and Brio, located a mile apart in Glendale, Calif., represent Catalyst's expansion into Southern California. Totaling nearly 700 units, the properties will protect existing tenants from the threat of