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One Wall Targets Affordable Housing Supply and Demand Gap

The firm sees strong demand and steady returns for affordable and workforce housing over time.

One Wall investment property at 585 Elizabeth in Newark, New Jersey.

NEW YORK CITY – One Wall Partners, an investment management firm focused on workforce housing, is placing long-term bets on workforce housing that is privately owned and operated, charging rents affordable to moderate-income or middle-class households, as the market braces for a slowdown. The firm sees strong demand and steady returns for the asset type overtime, Nate Kline, partner and chief investment officer at OneWall, tells GlobeSt.com.

Deploying funds from its recently launched Nova Appian Preferred Income Fund I, a $50m preferred equity fund aimed at transit-oriented affordable workforce housing, the firm is eyeing investment opportunities in the northeast,

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Mariah Brown

Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.

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