Standard Communities is a nationwide CRE investment and development company based in Los Angeles. Co-Founder and Principal Jeffrey Jaeger has commissioned several large multifamily projects in California, particularly in affordable housing. We asked him a few questions to gain insight into how the organization has navigated recent turbulent economic conditions, the effects of California’s push for more attainable housing on Standard Communities’ plans, and his civic involvement as an affordable housing advocate.
Jeffrey shared that although sales are down across the industry due to fast rising interest rates making buying apartments less attractive financially, Standard Communities have been able to thrive through unpredictable environments since its founding during 2008’s depths of the housing crisis due to their speed of execution; access capital partners many peers cannot; long-term fixed rate debt financing most portfolio deals; three specialized groups focusing on Acquisition & Redevelopment , Essential Housing , or New Construction ; plus talented teams ready for deployment at any moment.
With over 20 properties comprising nearly 5,000 units of affordable/workforce homes already owned by Standard Communities throughout CA alone they continue looking for new properties with which they can help solve this national challenge while adding value residents/cities/investors alike via creativity & innovation delivering high quality sustainable homes offering people community opportunity build better future – something Jeffrey is passionate about not only professionally but also personally as Board Member & Co-Founder Housing Merit non profit focused creating bridge permanent affordably vulnerable populations .
