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Standard makes $38M bet senior housing in Atlantic City

Share In its first acquisition in New Jersey, Standard Communities, the affordable housing division of Standard Companies, has acquired Baltic Plaza Apartments, a 169-unit affordable senior community in Atlantic City. The total capitalization of this transaction is approximately $38 million. Built in 1982 and located at 1313 Baltic Avenue in Atlantic City, Baltic Plaza’s units are supported by a Project-Based Section 8 Housing Assisted Payment (HAP) contract. Standard Communities comple...
New York United States New Jersey Atlantic City Los Angeles Steven Kahn

Affordable Housing Preservation Project in Washington, D.C. Receives $22 Million in Financing via Walker & Dunlop

Press release content from PR Newswire. The AP news staff was not involved in its creation. Affordable Housing Preservation Project in Washington, D.C. Receives $22 Million in Financing via Walker & Dunlop February 16, 2021 GMT Walker & Dunlop Logo BETHESDA, Md., Feb. 16, 2021 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it structured $21,900,000 in financing for the acquisition and substantial renovation of an existing 42-unit affordable housing property with an additional four n...
United States Tommy Attridge Walker Dunlop Chris Rumul Christophere Donald Walker Dunlop Chris Rumul
Source: apnews.com

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