April 23, 2019

An affordable housing group bought the Praxis of Deerfield Beach apartments for $14.1 million. The price for the 224-unit complex works out to $62,946 per apartment.

The property last sold for $7.1 million in April 2013, so it nearly doubled in value since the last sale.

Deerfield Beach Apartment Properties, a Largo-based company managed by Benjamin Mallah, sold the property to Stafford Place Associates, a Reston, Va.-based company managed by the Affordable Housing Inst...

An apartment community in east Charlotte that's been under fire for its conditions is under contract to be sold to a new group which includes Affordable Housing Institute.

Heritage Park includes 151 apartments, mostly two- and three-bedroom units spread between nearly two dozen buildings on a 13.7-acre property near the intersection of East W.T. Harris Boulevard and Albemarle Road.

(Read More...)

October 18, 2018

Excerpt from full article linked below -

As the 75-unit Granite Crossing Apartments complex rises from the ground in downtown Lithonia, interest is building in the project that is transforming the look of the tiny city.

Already, the $10 million affordable housing project has a waiting list of 169 applicants even though it cannot begin to accept applications until 120 days from completion.

(Click to Read More..)

(Visit Granite Crossing Apartment's website)

LITHONIA, GA. — Wendover Housing Partners plans to begin construction in August on Granite Crossing, a $14.7 million, 75-unit apartment community that will anchor Lithonia Plaza in downtown Lithonia, a southern suburb of Atlanta. According to Wendover, the multifamily property will be the first major construction in the city since 2009. To make way for Granite Crossing, demolition has begun on an 80,000-square-foot, city-owned building that has been vacant since 2009....

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What's planned for east Charlotte apartments as joint venture prepares to buy property.

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