PRESERVATION FIRM ACQUIRES SECOND NYC PROPERTY

By DONNA KIMURA Preservation Development Partners has acquired its second property, a 179-unit apartment complex in East Harlem that will remain affordable for another 40 years. The total development cost of the occupied complex is $50 million, including the...

STARTUP EYES AFFORDABLE-HOUSING BUYING SPREE

BY MARINE COLE Partnership that brings together former government housing expert and developers is on the prowl for distressed middle- and low-income multifamily properties. A new Manhattan-based firm focused on acquiring and preserving affordable housing hopes...