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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 completed this transaction in partnership with the U.S. Department of Housing and Urban Development (HUD) ...

Mayor Carter veto aims to clear way for controversial housing development in St. Paul James Walsh, Star Tribune © Star Tribune/Star Tribune/Alatus/Star Tribune/TNS The proposed Lexington Station apartments in St. Paul Saying St. Paul needs a range of housing to meet its goals for vitality and affordability, Mayor Melvin Carter on Wednesday vetoed the City Council's rejection of a $60 million apartment and retail project at University Avenue and Lexington Parkway. A divided council last week voted 4-3 to deny a site plan by Minneapolis-based Alatus for a 288-unit project on ...

Press release content from Business Wire. The AP news staff was not involved in its creation. GRC, Forward Thinking Management Company, is Newest Addition to 5G LLC’s ‘High Tech’ Rooftop Portfolio April 8, 2021 GMT DALLAS--(BUSINESS WIRE)--Apr 8, 2021-- 5G LLC, one of the largest privately-owned wireless infrastructure companies in the U.S., announced that it has signed an exclusive multi-year agreement with GRC (Grenadier Realty Corp) for their sites in New York City and surrounding areas. With this agreement, 5G LLC expands its portfolio of urban rooftop assets to gain a significant f...

Press release content from Business Wire. The AP news staff was not involved in its creation. FTK Awarded Ridgecrest Terrace LIHTC Rehabilitation Contract April 1, 2021 GMT ALLEN, Texas--(BUSINESS WIRE)--Apr 1, 2021-- FTK Construction Services, LLC, (FTK) a full-service nationwide General Contractor specializing in Low-Income Housing Tax Credit (LIHTC) rehabilitation projects, is proud to announce that FTK has been awarded the contract for the construction and rehabilitation of Ridgecrest Terrace Apartments in Dallas, Texas. The amount of the contract award is $17,298,065. ADVERTISEMENT Ridge...

MACCLENNY, FL - Affordable Housing Investment Brokerage Inc. (AHIB) has recently sold Baker Manor Apartments in Macclenny, Florida for just over $2.5 million, with a reserve account released to the seller as additional consideration. Managing Director Kyle Shoemaker represented both the purchaser, The Grey Rock Group, and the seller to complete the transaction. “Baker Manor is fully-covered by a project-based Section 8 contract that has allowed ownership to invest heavily in the property and make all necessary repairs and renovations as needed,” said Shoemaker. Centrally located along So...