Global One Real Estate Fund Recapitalizes Two Bronx Affordable Housing Complexes
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New York-based Nelson Management Group, through its affiliate Global One Real Estate Fund, has partnered with The Vistria Group to recapitalize two affordable housing properties, Lafayette-Boynton Apartments and Promenade Apartments. The recapitalization was supported by financing from Freddie Mac and KeyBank.
Nelson Management will continue to manage the 1,290 affordable housing units across both properties. The partnership aims to preserve long-term affordability for residents and maintain the high-quality standards of the properties.
The Lafayette-Boynton Apartments consists of four 19-story towers with 972 units in the Bronx, while Promenade Apartments is a 19-story apartment tower with 318 units in the Marble Hill/Riverdale neighborhood. Nelson Management is known for implementing advanced amenities and property management tools in its portfolio.
Global One Real Estate Fund Recapitalizes Two Bronx Affordable Housing Complexes
Global One Real Estate Fund Recapitalizes Two Bronx Affordable Housing Complexes
[ad_1]
New York-based Nelson Management Group, through its affiliate Global One Real Estate Fund, has partnered with The Vistria Group to recapitalize two affordable housing properties, Lafayette-Boynton Apartments and Promenade Apartments. The recapitalization was supported by financing from Freddie Mac and KeyBank.
Nelson Management will continue to manage the 1,290 affordable housing units across both properties. The partnership aims to preserve long-term affordability for residents and maintain the high-quality standards of the properties.
The Lafayette-Boynton Apartments consists of four 19-story towers with 972 units in the Bronx, while Promenade Apartments is a 19-story apartment tower with 318 units in the Marble Hill/Riverdale neighborhood. Nelson Management is known for implementing advanced amenities and property management tools in its portfolio.
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