Acquisitions

Woods at Addison

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Overview


 

Built in the 1980’s, Woods at Addison was acquired in 2013 by Urban Atlantic and its non profit partner NHP through an Affordable Preservation Fund by PNC Bank. Following capital improvements, Urban and NHP sold the property to a joint-venture between Urban Atlantic and Federal Capital Partners that allows continued capital improvements and the preservation of the properties as affordable to moderate-income households

 

 

Location

Capitol Heights, MD

 

Size

225 Units

Year Completed

2014

 

Project Type

Affordable Renovation

 

 

Bolton North

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Overview


 

Built in 1975, Bolton North is a 209‐unit affordable senior housing hi‐rise located in Baltimore City’s historic and thriving Bolton Hill neighborhood. Through an Affordable Housing Preservation Fund by PNC Bank, Urban Atlantic and its partner NHP acquired the property in 2013. In 2017, they refinanced it using Low Income Housing Tax Credits in order to preserve long term affordability and implement $7 Million in capital improvements.

 

 

Location

Baltimore, MD

 

Size

209 Units

 

JV Partner

NHP

Year Completed

2013

 

Project Type

Affordable Renovation

 

Holly Spring Meadows

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Overview


 

Built in the 1980’s, Holly Spring Meadows was acquired in 2013 by Urban Atlantic and its non profit partner NHP through an Affordable Preservation Fund by PNC Bank. Following capital improvements, Urban and NHP sold the property to a joint-venture between Urban Atlantic and Federal Capital Partners that allows continued capital improvements and the preservation of the properties as affordable to moderate-income households

 

 

Location

Forestville, MD

 

Size

224 Units

Year Completed

2014

 

Project Type

Affordable Renovation