AION Partners, a national real estate company that owns and operates workforce multifamily housing, has joined forces with Vintage Strategies at Goldman Sachs Alternatives and a global institutional investor to recapitalize the AION 12 Portfolio. This portfolio consists of 3,962 apartment units spread across 12 stabilized workforce housing properties in New Jersey, Pennsylvania, Delaware, Maryland and Virginia.
The partnership has resulted in a nearly $700-million recapitalization for AION. Additionally, they have formed a strategic alliance to expand their presence in the eastern United States by targeting value-add multifamily acquisitions worth $1 billion. Their goal is to add between 4
