Helping clients create, improve, sustain, and preserve affordable housing through insightful advice, innovative transactions, and comprehensive capital needs assessments.

Starrett City Transaction arranged by Recap named Top 10 Deal of 2010

Starrett City Transaction arranged by Recap named Top 10 Deal of 2010|Uncategorized|December 31, 2010

The Starrett City preservation transaction arranged by Recap Real Estate Advisors for the project owners was recently named  one of “The Top 10 Multifamily Deals of 2010” by Jerry Ascierto of Apartment Finance Today.  Recap was engaged by the owners in 2007 following the collapse of the proposed sale to Clipper Equity.  Recap negotiated a Memorandum of Understanding with the four government agencies regulating the property and structured and closed a $531 million transaction that preserved StarrettCity as affordable housing in exchange for valuable financial incentives.  Article and slideshow available at:  http://www.housingfinance.com/aft/articles/2010/november-december/1110-cover-Opportunitys-Hard-Knock