**PRC Acquires Paulsboro Gardens Apartments in Suburban Philadelphia**
PRC, a New York-based real estate development firm, has acquired the Paulsboro Gardens Apartments, an affordable housing complex located in Paulsboro, New Jersey, within the Philadelphia metropolitan area.
This acquisition marks PRC’s first venture outside of New York and reflects the firm’s commitment to expanding its affordable housing efforts into new markets. PRC has announced plans for substantial future rehabilitation of the property to ensure it remains a source of affordable housing for years to come. Financing for the acquisition was provided through a bridge loan from X-Caliber.
The Paulsboro Gardens Apartments comprise 150 units across 21 low-rise residential buildings. Under PRC’s stewardship, the property will receive comprehensive upgrades, including improvements to accessibility, interior unit renovations, and enhancements to the building exteriors.
“For decades, PRC has been restoring communities in NYC and the surrounding areas by delivering high-quality housing opportunities, and we look forward to breaking into a new gateway city outside of New York,” said Matthew Linde, Principal and CEO of PRC.
Rehabilitation work on the Paulsboro Gardens Apartments is slated to begin in 2026.
