Hunt Capital Transfers LP Interest in Two Boston Affordable Properties to Nonprofits
Hunt Capital Partners has transferred its limited partner interest in two affordable housing communities in Boston—Dudley Village South and Adams Court—to its nonprofit partners, Dorchester Bay Economic Development Corporation and Nuestra Comunidad Development Corporation, respectively. Totaling 121 units, the transfers enhance flexibility in managing the assets and help preserve the stock of affordable housing in Greater Boston, where there are only 45 affordable and available homes for every 100 low-income households.
“Dorchester Bay Economic Development Corporation and Nuestra Comunidad Development Corporation are deeply rooted in the neighborhoods they serve and possess the insights necessary to ensure that these developments continue to meet the needs of low-income Boston residents,” said Hunt Capital Partners president Jeff Weiss.
Situated in Dorchester and dating from 2008, Dudley Village South features 26 one-, two-, three- and four-bedroom homes. The 95-unit Adams Court in Mattapan is the result of a multi-phase rehabilitation of a former property established in 1967.
Other News
Lincoln, McCourt Launch 344-Unit Culver City Mixed-Use
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
Learn more
Logisco Launches $60M Quebec Rental Project With New Brand
Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
Learn more
Virtus Buys Hamilton Retirement Residence For $26M
Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout