L+M Development Partners, Camber Property Group and MBD Community Housing Corp are nearing a deal to buy a 50 percent stake in two New York City Housing Authority complexes in the Bronx. As part of the deal, the developers will take over managing NYCHA’s Baychester and Murphy houses and invest $90 million to renovate the buildings, the Wall Street Journal reported. The complexes’ 722 units will be converted into Section 8 housing, meaning the properties […]
source https://therealdeal.com/2018/12/27/joint-venture-to-buy-50-stake-in-two-nycha-complexes/
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