A partnership between LIHC Investment Group, Belveron Partners and Camber Property Group has acquired a 1,275-unit affordable housing portfolio in the Bronx, N.Y., for $166 million from Cammeby’s International Group.
The units are rent-controlled under the city's Mitchell-Lama program. The properties in the deal are 2111 Southern Blvd., 800–820 E. 180th St., 1880 Valentine Ave., 2000 Valentine Ave., 1985 Webster Ave., 2100 Tiebout Ave., 355–365 E. 184th St. and 333 E. 181st St.
The buildings were constructed in 1970 and last renovated in 2014.
