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Ethos Real Estate Closes Second Joint Venture Acquisition with GCM Grosvenor of 276-Unit Community in Crenshaw District of Los Angeles

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. ....

United States , Los Angeles , Jennifer Mcelyea , Peter Braffman , Real Estate , Crenshaw District , Average Median Income , Ethos Real Estate Managing , Managing Director , Los Angeles ,

Ethos Real Estate Closes Second Multifamily Acquisition as Part of Joint Venture with GCM Grosvenor Programs

Ethos Real Estate Closes Second Multifamily Acquisition as Part of Joint Venture with GCM Grosvenor Programs
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New York , United States , Soult Ukpyolsi , South Korea , Hong Kong , At Woodlake , City Of , United Kingdom , Los Angeles , Tom Johnson , Jennifer Mcelyea , Peter Braffman , Real Estate , Crenshaw District , Average Median Income , Ethos Real Estate Managing , Managing Director ,