Lincoln Avenue Capital Acquires 180-Unit Affordable Housing Property in South Carolina.
MANews-(C)2009-2022
US-based affordable housing group Lincoln Avenue Capital (LAC) has acquired 180-unit South Carolina-based Wyndham Pointe Apartments, the company said.
Terms of the transaction were not disclosed.
The acquisition will continue to reserve 100% of the units for low-income residents in the Columbia community.
LAC worked with the South Carolina State Housing Finance and Development Authority to ensure a safe transfer of ownership for long-term quality homes.
The acquisition was financed through a loan from the National Equity Fund, which has supported...
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