Stuyvesant Town New York City

Stuyvesant Town, New York City

Affordable Housing Draws Investors

Investors are seeking higher yielding investments, looking far beyond conventional, class-A apartment properties in prime markets. A growing number are bidding for government subsidized affordable housing properties.

“We’ve seen this cycle before. Conventional real estate investors come and play in our sandbox,” says R. Lee Harris, president and CEO of Cohen-Esrey Real Estate Services, a leading owner, manager and developer of affordable housing. “This is not a bu

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