The project consists of a single four-story building that will be situated in northeast Anchorage near the intersection of Peck Avenue and Muldoon Road, and is part of a senior campus that consists of five other senior housing facilities. Three major medical centers are within several miles of the campus.

Anchorage is the economic, financial and cultural center of Alaska and is home to nearly half of the state's population, however; it also ranks among the top ten least affordable states in the nation for rental housing, according to the Low Income Housing Coalition. "There is a growing disparity between what residents can afford to pay for rents in Anchorage, and what they are asked to pay," adds Ronne Thielen, Related Capital's West Coast regional director.

The majority of units at Tyonek will be targeted toward residents earning 60% or less of the area median income (AMI) with rents expected to start at $450 per month. 50% of the units are further restricted to residents earning 50% or less of the AMI. 10% of the units are "market rate" (unrestricted) units.