Login

Waterford Partnership To Convert More Luxury Apartment to Workforce Housing in $120 Million Sale

Bond-Subsidized Purchase Allows New Owners To Cut Rents for Middle-Income Residents in Long Beach, California
New qualifying tenants will get rent cuts at the Oceanaire apartments. (Waterford Property Co.)
New qualifying tenants will get rent cuts at the Oceanaire apartments. (Waterford Property Co.)
CoStar News
March 31, 2021 | 9:33 P.M.

A private real estate investment firm and a bond financing authority signed its fourth deal to buy and convert luxury apartments to workforce housing to address California’s increasing lack of housing affordability for middle-income residents.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


  • Properties