Manhattan-based OneWall Partners is launching a $50 million preferred equity fund to attract investors to the workforce housing sector in the Northeast. The Nova Appian Preferred Income Fund I will be focused on New York, New Jersey, Pennsylvania and Connecticut. It will target areas that are close to transit for commuters, who are overwhelmingly opting to rent homes instead of buying them. The workforce sector has attracted $375 billion of investment in the last five
source https://therealdeal.com/tristate/2019/10/24/manhattan-firm-launches-workforce-housing-fund-targeting-tri-state-area/
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