Affordable Housing Mogul Pays Nearly $40 Million For Malibu Mansion

The conventional wisdom in real estate has long been that there is no money to be made in building affordable housing, but Andrew Schwartzberg, a partner in one affordable housing conglomerate, would beg to differ. Schwartzberg recently purchased a $38 million estate on the luxurious Malibu, California, coastline. The purchase is the fourth-largest transaction in California this year. Schwartzberg is a veteran of the affordable housing rental industry with an impressive resume. He is managing pa

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