Concord Communities Completes $39.5 Million Acquisition of 379-Unit Affordable Housing Community in Southeast Washington, DC
WASHINGTON, DC - Concord Communities, a Washington, DC-based affordable housing owner and developer, has acquired Stanton Glenn, a 379-unit affordable housing community at 3048 Stanton Road, SE in Washington, DC for $39.5 million. Concord plans to invest over $18 million in capital improvements to Stanton Glenn including upgrades to the residences, common areas and infrastructure, and will continue to accept housing vouchers. Concord Communities is a wholly owned affiliate of national real...
Source: multifamilybiz.com
