Standard Communities, a real estate company based in New York City and Los Angeles, has recently completed the acquisition of a 100% affordable housing portfolio worth over $1 billion. This portfolio consists of more than 6,000 apartments spread across four states. According to reports, this transaction is the largest of its kind in the United States this year. The seller’s identity remains undisclosed.
With this acquisition, Standard Communities expands its reach into three new states – Arizona, Colorado and Texas – while also significantly increasing their California portfolio to almost 11,000 units. These communities are home to over 13
