Affordable housing accounted for approximately 43% of New York City’s $3.91B in multifamily sales in 2Q 2023 because of acquisitions by major mission-driven investors.
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Asland Capital Partners (“Asland”) and Pembroke Residential Holdings (“Pembroke”) have secured $100 million in financing to begin the development of 1940 Turnbull Avenue, a 154-unit affordable residential property located in the Soundview Neighborhood of The Bronx, New York. The 14-story project, scheduled for completion in fall of 2024, will be.