The Michaels Organization's new White Paper addresses the housing challenges impacting the nation's healthcare systems. Michaels' report spotlights how creative collaborations with real estate developers can offer attainable workforce housing solutions to healthcare systems that boost recruitment and retention, while reducing overall operational costs. CAMDEN, N.J., February 17, 2026 (Newswire.com) - The Michaels Organization, a national leader in residential real estate that has been pioneering solutions to the nation's housing challenges for more than 50 years, has released its latest White Paper, examining how innovative partnerships can help alleviate the lack of affordable workforce housing impacting healthcare systems across the country. The white paper is available for download from Becker's Healthcare, a leading media platform for healthcare decision-makers, and can also be requested through Michaels' website. "Attainable housing, sometimes called Workforce or Middle Market Housing, refers to housing that is affordable to people earning between 80 and 120 percent of an Area's Median Income," explains Milton Pratt, Jr., Michaels' Executive Vice President. "Lack of attainable housing for their workforce strains healthcare systems' recruitment and retention efforts as well as their overall operational costs." The white paper presents insights into how leading healthcare systems across the country are engaging with private sector developers, like Michaels, to pursue innovative solutions to their unique housing challenges. These collaborations leverage the distinct strengths and resources of each partner to address housing needs while supporting workforce stability. "Tapping the expertise of a developer that can provide turnkey solutions from conception to completion allows healthcare professionals to concentrate on healthcare, while the developer delivers the housing," said Pratt. About The Michaels Organization: Michaels is a national leader in residential real estate, offering full-service capabilities in development, property and asset management, construction, and investment. Serving more than 200,000 residents in more than 550 communities across 39 states, the District of Columbia, and the U.S. Virgin Islands, Michaels is committed to crafting housing solutions that jumpstart education, civic engagement and neighborhood prosperity, and to creating Communities That Lift Lives. Media Contact: Laura Zaner, [email protected]; 856-988-5983

The Benjamin on Franklin: 364 units advance Worcester's downtown growth. A new residential anchor near Union Station. The Benjamin on Franklin brings new housing and modern amenities to a key site in downtown Worcester. The Michaels Organization and GoVenture Capital are developing the community at 274 Franklin Street with Maugel DeStefano Architects and H+O. The five-story building will include 364 apartments supported by more than 80,000 square feet of amenity space. A 3.23-acre site spanning Franklin, Arctic, and Hygeia Streets places residents steps from Union Station, offering access to commuter rail service toward Boston and convenient links to downtown and the Canal District. Housing designed around transit. Renovation work at Union Station increased activity in surrounding blocks and helped shape demand for homes near transit. The Benjamin on Franklin advances this pattern by delivering housing beside a major regional transportation hub. Direct rail access and walkability reinforce the project's long-term appeal and support continued growth in Worcester's downtown core. Homes and amenities supporting daily living. The new multi-family development includes 364 apartments, with 36 designated for households earning 60 percent of the area median income. Remaining homes serve the workforce and market-rate renters. Amenities include a co-working space, fitness center, game room, rooftop deck, outdoor gathering areas, and bicycle storage. Electric vehicle charging stations are also part of the program. A Capital strategy built for stability. Project cost is about $120 million. The Michaels Organization secured a $53 million construction loan to advance the build-out. Safehold Inc. provided a ground lease structure, and Worcester approved a 15-year tax increment financing agreement valued at approximately $11.3 million. These components form a stable financial foundation for the development. Structural planning supports urban delivery. H+O worked with Maugel DeStefano to develop a structural layout aligned with residential planning and amenity needs. Early coordination organized courtyard framing, interior community spaces, and ground-level circulation so design progression remained clear and efficient. Proximity to Union Station and adjacent utilities required careful alignment with existing infrastructure. Addressing site constraints early reduced potential conflicts during construction and supported predictable delivery. A development aligned with Worcester's momentum. Downtown Worcester continues to evolve through transit investment and activity in the Canal District. The Benjamin on Franklin adds new housing in a central, walkable location connected to transportation, employers, and community amenities, contributing to sustained residential growth in the district. At H+O Structural Engineering, H O bring structure, clarity, and cost alignment to large multifamily projects from early design through construction. Its process strengthens budget control, supports schedule reliability, and maintains design intent. For a structural strategy built around performance and predictable delivery, contact H+O to discuss your next project. Reduce structure costs with its risk-free peer review. H O review your building design risk-free. You owe $0 unless H O help you save $100,000 or more. * Risk Free Peer Review * Zero Upfront Costs * No Savings, No Fee * Reduce Carbon * 9x ROI Guarantee

To tackle this challenge, leading care provider Tampa General Hospital has partnered with property manager The Michaels Organization to develop nearly 170 units of workforce housing for nurses and staff in Brandon.