Equity Resource Fund 2018 (F2018) invested $34.0 million of equity to acquire an interest in a vertically integrated owner, developer and manager of affordable and conventional multi-family communities (the “Company”). This transaction allows F2018 to invest in a growing operation with substantial experience in acquiring, developing, and managing approximately 17,000 apartment units of affordable, market rate, and mixed-income housing. The Company’s developments range from new construction, to historic adaptive reuse, to the renovation of existing housing.
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