Standard Communities has acquired controlling interest in an affordable housing portfolio of nearly 3,200 units in Florida and Georgia. The transaction is Standard’s largest acquisition.
Standard will invest nearly $25 million in capital improvements across the portfolio to benefit nearly 10,000 residents and ensure that the communities remain affordable, strong and resilient for years.
This portfolio marks Standard’s first acquisitions in Florida and its first affordable acquisitions in Georgia. With this transaction, Standard’s national portfolio has grown to nearly 19,000 units, promoting housing stability and providing homes for nearly 45,000 residents across the United States.
Standard Communities has partnered with Apartment Life, a nonprofit with on-site resident service coordinators working to increase residents’ access to education, foster community engagement, reduce food insecurity, improve healthcare access and provide opportunities for econo
