(Read more on the multifamily market.)

NORWALK, CT-GE Real Estate and Capmark Financial Group Inc. ofSan Mateo, CA report they are investing a total of $107 million inmore than 2,000 affordable housing units and some senior housingcommunities across the US.

The portfolio involves 2,218 affordable housing units in 14states and five senior housing properties. The companies say thatapproximately 75% of the tax credit investment is targeted atsuburban markets with the balance going to urban and rural regions.About 31% of the properties in the portfolio have rental assistanceavailable for their residents.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.