LOS ANGELES, CA - BH Properties (“BH”) has launched a new investment initiative into affordable housing with a goal of ultimately building a $1 billion portfolio of assets. The new initiative will be led by veteran affordable housing executive William “Bill” Stoll who joins the firm as Managing Director, announced company President Jim Brooks.
An adjunct to the firm’s value-add multifamily platform, the new platform will focus on low-income housing tax credit.
After deciding to shut down at the end of May, the Holy Names University (HNU) Board of Trustees has just sold the 58-acre campus in the Oakland hills to a Los Angeles-based real estate firm, BH Properties, a company with minimal connection to education or to Oakland. Though the price was not revealed, previous reports said the asking price was $70 million. | By Ken Epstein After deciding to shut down at the end of May, the Holy Names University (HNU) Board of Trustees has just sold the 58-acre campus in the Oakland hills to a Los Angeles-based real estate firm, BH Properties, a company with minimal connection to education or to Oakland. Though the price was not
Holy Names University, which faced the specters of foreclosure, financial woes and a shutdown for months, has landed a buyer that will continue educational activities on the vast Oakland Hills campus.
Holy Names University, which faced the specters of foreclosure, financial woes and a shutdown for months, has landed a buyer that will continue educational activities on the vast Oakland Hills campus.