K&R News

PRESERVING AFFORDABLE
HOUSING IN AT-RISK MARKETS

PRESERVATION DEVELOPMENT PARTNERS BUYS SEC. 8 PORTFOLIO
PRESERVATION DEVELOPMENT PARTNERS BUYS SEC. 8 PORTFOLIO

The acquisition-rehab deal involves 324 New York apartments. By Donna Kimura Preservation Development Partners (PDP) has acquired a portfolio of five multifamily apartment complexes in the Bronx and Brooklyn, N.Y. The Leggett Avenue Properties portfolio comprises...

OAKWOOD TOWERS
OAKWOOD TOWERS

In October, 2015, Preservation development Partners acquired Oakwood Towers, a senior care apartment complex located at 400 Oakwood Avenue, Orange, New Jersey. The rental property was purchased for $21 million and an additional $8 million will be invested in major...