Real estate investors buy $1.2B worth of NYC market-rate rentals with plan to make them affordable

Jul 31, 2019 |

The River Crossing building in Harlem; Photo by CTC Creative A group of real estate investors is buying 2,800 New York City rental apartments for $1.2 billion. But instead of keeping with the industry’s custom of converting affordable units into market-rate homes, L+M Development Partners and its partner Invesco Real Estate plan on returning a chunk […more]

Posted in: New York

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