CDT and Liam Moor buy 110-unit senior housing community in Glen Allen

Community Development Trust and Liam Moor acquired Atlantic at Twin Hickory in the Richmond metro in the first quarter of 2026, preserving all 110 senior affordable units at 60% of area median income. The deal keeps lower-cost housing in a market where comparable rents run hundreds of dollars higher and adds to CDT’s Virginia footprint.

Why it matters: - The purchase preserves 110 affordable senior homes in Glen Allen, Va., where low-cost options are limited. - Residents at Atlantic at Twin Hickory keep rents capped at 60% of area median income under the senior LIHTC program. - Comparable market rents in the area are hundreds of dollars higher, which protects monthly budgets for low-income seniors. - The acquisition adds stable housing in the Richmond metro at a time when senior affordability remains tight.

What happened: - Community Development Trust, Inc. and joint-venture partner Liam Moor acquired Atlantic at Twin Hickory, a 110-unit senior affordable housing community. - The transaction closed in the first quarter of 2026. - The property is in Glen Allen, Va., in the Richmond metro. - CDT provided limited-partner equity to capitalize the acquisition. - The deal restores CDT’s equity portfolio presence in Virginia.

The details: - Atlantic at Twin Hickory remains fully preserved as affordable housing for seniors. - The property includes updated common areas and laundry facilities. - The community is within walking distance of local parks, a recreation center, a public library and a YMCA with additional senior programming. - Liam Moor is a mission-aligned owner-operator and a Colorado-based affordable housing investment firm founded in 2024. - Since its formation, Liam Moor has acquired seven LIHTC communities totaling more than 750 units. - CDT is a national investor that provides long-term capital for affordable housing preservation and development. - CDT reports more than $3.2 billion in debt and equity investments across 45 states and regions, helping preserve and create more than 35,000 affordable homes for over 125,000 residents. - CDT is a private real estate investment trust and a certified community development financial institution.

Between the lines: - The acquisition fits CDT’s double-bottom-line strategy, which pairs affordable housing preservation with investor returns. - The partnership gives Liam Moor a stronger foothold in Richmond while giving CDT another platform to deploy long-term capital. - The transaction shows how LIHTC properties can be recapitalized to keep rents below market while maintaining property condition.

What's next: - CDT and Liam Moor plan to use responsible capital and property management to protect affordability and improve resident services. - The partnership is positioned to support the property for current and future residents over the long term. - CDT may use the Virginia transaction to expand its presence in the state through similar preservation deals.

The bottom line: - Atlantic at Twin Hickory stays affordable for 110 seniors because the new owners bought the property to preserve, not convert, the housing.