More than $1 Billion of Properties Led by Black Developers Featured During AAREP LA South LA Rising Bus Tour and Showcase rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
Black, Indigenous, and people of color developers see opportunities that some traditional investors miss, said Josh Childress, CEO of Landspire Investments, at the ULI Los Angeles 2023 Urban Marketplace conference.
LOS ANGELES, CA - Ethos Real Estate, an affordable and mixed-income multifamily investment firm, announced the company has closed on the $76 million purchase of the Residences at Woodlake, a 276-unit multifamily property in the Crenshaw District of Los Angeles.
Under the deal, Ethos will be converting the formerly market rate property into deed restricted affordable housing through a unique public private partnership that leverages a California statutory property tax exemption. Under the deed.