Magnus Capital Partners, a West Michigan–based real estate development and asset management firm, announced today that it has closed on the HōM Flats at Forest transaction, a new 260-unit workforce housing community in Dayton’s Five Oaks neighborhood, with construction set to begin in the coming weeks.

The Dayton community marks Magnus’ first HōM Flats development outside of Michigan and reflects the firm’s continued growth as it brings its award-winning workforce housing platform to new markets across the Midwest and beyond.

“This project reflects our commitment to creating housing that supports working families and strengthens regional economies,” said Vishal Arora, Founder and CEO of Magnus Capital Partners. “At a time when housing costs are rising faster than wages in communities across the country, developments like HōM Flats at Forest play a critical role in expanding access to attainable, high-quality rental housing.”

HōM Flats at Forest will provide 260 modern apartment units within a community intentionally designed to meet the everyday needs of residents. Each unit will feature open-concept floor plans, kitchen islands, walk-in closets, full-size washers and dryers, and secure key-fob access, bringing comfort and convenience typically found in higher-priced rentals. The development will include a mix of one-, two-, and three-bedroom apartments across multiple residential buildings.

The community will also include a comprehensive suite of shared amenities that promote resident wellbeing, including:

Fitness studio

Co-working and remote workspaces

Rooftop terraces and outdoor lounges

Walking paths and green spaces

Indoor and outdoor play areas for children

Dog park and pet-wash stations

24/7 secure access with onsite staff support

An integral feature of the development is Grō Childcare Academy, an on-site early childhood center serving infants through school-age children. Open to both residents and the broader community, Grō reflects Magnus’ commitment to innovation in housing design by integrating high-quality, convenient childcare directly into the fabric of residential communities to better support working families and promote early development.

“Childcare is essential infrastructure for working families,” Arora said. “Grō Childcare Academy is more than a benefit—it’s a foundation for stability and long-term success.”

In line with its commitment to strengthening local economies and supporting regional workforce development, Magnus will introduce its Preferred Employer Program in Dayton, partnering with local businesses to offer housing benefits that support employee recruitment and retention. The PASS Partner Program will further connect residents with locally owned businesses, encouraging neighborhood-based spending and inclusive economic growth.

“We consistently hear from employers that housing and childcare are two of the biggest barriers to workforce stability,” Arora added. “By integrating high-quality rental housing with on-site early childhood care, we’re helping to remove those friction points—making it easier for local businesses to attract and retain talent in a competitive market.”

The project was designed by Hooker DeJong, Inc., the architecture firm behind all HōM Flats communities. Dayton-based Brackett Builders will serve as general contractor, reinforcing Magnus’ commitment to regional hiring and local expertise. A ceremonial groundbreaking event is planned for spring 2026, with details to be announced at a later date.

ABOUT MAGNUS CAPITAL PARTNERS

Founded in 2009 and headquartered in Grand Rapids, Michigan, Magnus Capital Partners is a real estate development and asset management firm focused on delivering socially responsible, high-quality housing solutions. Through its HōM Flats platform, Magnus creates communities that integrate attainability, thoughtful design, childcare, and placemaking—supporting working families and strengthening neighborhoods across the Midwest and beyond. The company also advances community well-being through The Magnus Foundation, which supports local initiatives aligned with housing, education, and economic opportunity.