K&R News
PRESERVING AFFORDABLE
HOUSING IN AT-RISK MARKETS
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...
PRESERVATION DEVELOPMENT PARTNERS BUYS BRONX PROPERTY
By GlobeSt News Hub | New York NEW YORK CITY-Preservation Development Partners, a newly established venture, has completed its first acquisition by purchasing the Trinity Apartments, a 75-unit apartment complex located in the Bronx, for $9.8 million. The...
BRONX GETS NEW PLAYERS IN AFFORDABLE HOUSING
A 75-unit complex in the Bronx Park South neighborhood will be purchased and renovated in a $15 million deal financed by a city bonds program. Theresa AgovinoPublished: July 7, 2011 – 1:45 pm A newly formed partnership dedicated to preserving affordable housing...
STARTUP EYES AFFORDABLE-HOUSING BUYING SPREE
Francine Kellman and Brian Raddock of Vitus Group are teaming up with BFC Partners to launch a new development company called Preservation Development Partners. Preservation Development Partners is seeking to acquire existing multifamily housing for low- and...
PUSHING PRESERVATION
DEAL KEEPS 14 BUILDINGS AFFORDABLE By DONNA KIMURA NEW YORK CITY— Nearly 450 apartments in 14 buildings will remain affordable for decades to come under a new $75 million transaction.The buildings were part of the Harlem Congregations for Community Improvement,...
TRINITY REHABED
New York City Commercial Real Estate News By Lois Weiss Friday, June 08, 2012 – Preservation Development Partners, a joint venture of developers Donald Capoccia, Joseph Ferrara, Brandon Baron, Francine Kellman and Brian Raddock, has completed the $2.5 million...