ATLANTA, GA—Greystone Affordable Developmenthas closed a $168.6 million multifamily housing transaction inGeorgia, its third collaboration with Atlanta, GA-based TheHallmark Companies, which owns and manages approximately11,000 affordable housing rental units in the US.
The portfolio of affordable housing properties included 26 agedUSDA Rural Development Section 515 properties (which were thenconsolidated into 23), consisting of 1,310 rental apartmentsserving low-income households in 17 counties across the state.
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