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Seattle & Northwest  + Seattle  + Opportunity Zones  |  January 22, 2025
Jasmine Kilman
By: Jasmine Kilman

Pinnacle Partners, JPI Announce $200M Workforce Housing Development Fund

Seattle-based Pinnacle Partners, a real estate investment manager, and Dallas-based multifamily developer JPI announced the launch of a $200 million workforce housing fund.

The fund will back four projects, including one in Redmond at 15025 NE 24th Street. The new fund will partner on the development with the property owner with Stream Real Estate, reported the Puget Sound Business Journal.

“With JPI’s integrated development and construction platform and our capital raising expertise, we believe this fund will both meet crucial housing needs and produce strong returns for our investors,” Jeff Feinstein, managing partner at Pinnacle Partners, said in a news release.

Pinnacle Partners focuses on identifying and participating in qualifying Opportunity Zone real estate projects. To date, the company has capitalized over $1 billion in multifamily development projects, including over 900 lower-income workforce housing units.

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Pinnacle PartnersJPI

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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