Portfolio Partner Profile
Enterprise Multifamily Opportunity Fund II
Enterprise Multifamily Opportunity Fund II expands on the success of the Enterprise Community Investment series of conventional equity funds, which have preserved more than 8,000 affordable and workforce homes across 13 states. This fund will continue to meet the growing need for safe, stable, and quality affordable housing that provides residents with more than just a place to live, but the tools for success: easy access to transit, good jobs, education, and health care services.
Featured Impact Story
Impact Story
Enterprise Community Investment
Enterprise Community Investment’s series of conventional equity funds fills a crucial need in communities across the country: investing real estate equity through joint-venture partnerships with proven owner/operators to preserve and improve affordable and workforce housing. Its investments ensure the long-term affordability of existing multifamily housing developments and improve residents’ quality of life through thoughtful upgrades and attentive management. The funds also provide stable financial returns through Enterprise’s balanced and responsible approach to investing and asset management. Investors have recognized the economic benefits of investing in affordable housing, including reduced volatility, lower risk, predictable underwriting and reliable returns, in addition to the social returns of stronger, healthier, more economically mobile communities
Impact Story
Legacy at Twin Rivers
In 2024, Enterprise completed the redevelopment of the Roslyn Rise site, now Legacy at Twin Rivers. The new four-story buildings in Columbia, Maryland provide 153 units for the mixed-income, multifamily community, in place of the 58 units formerly owned by Enterprise Community Partners. The Legacy also offers 14 units set aside for residents with disabilities.
Legacy at Twin Rivers demonstrates the opportunities of, and critical nationwide need for affordable housing and mixed-use communities. The development is well-located with proximity to schools, jobs and economic corridors, and recreational activities. Built to National Green Building Standards with clean energy technologies implemented throughout, the community includes energy star appliances, high efficiency HVAC, heat pump hot water heaters, and solar hot water.
Impact Story
Bridge at Sterling Springs
Bridge at Sterling Springs is located in Austin, Texas and offers 172 units. The complex was constructed in 1984 with affordable rentals for families earning less than 80% AMI. The property has 9 garden-style buildings, a clubhouse, some covered parking, and a pool.
Bridge at Sterling Springs received an ORA® Award for 2022 from J Turner Research, a research firm serving the multifamily industry. The Elite 1% ORA® Power Ranking highlights conventional properties with the best online reputation in the nation based on individual ORA® scores. A total of 1,984 properties made the Elite list for the stellar resident experience they offer.
Affordable Housing
Community Development
