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“As HPD Commissioner, Vicki changed everything about affordable housing in New York City. As Deputy Mayor, she will dig deeper and ratchet up all our efforts to confront the biggest crisis facing our city: affordability,” said Mayor de Blasio.
In the aggregate, the four buildings are 87.7% leased and were acquired at an average capitalization rate of 5.3%. The properties expand Healthcare Realty's presence in three of its top markets and extend its relationships with three market leading, investment-grade health systems.
The acquired properties total 813 units including independent living, assisted living and memory care in Michigan, Pennsylvania (pictured) and Virginia.
K.P. Reddy, CEO of Shadow Ventures, a venture capital fund for startups in the AEC and CRE markets, provides this EXCLUSIVE GlobeSt.com article on big data in multifamily markets.