NEWS

Silver Street Development Closes $65M Acquisition of 250-Unit Pequot Highlands

Silver Street Development Corporation is proud to announce the addition of Pequot Highlands, a 250-unit development located in Salem, MA, to its portfolio, an acquisition that was completed in the face of a myriad of difficulties to the satisfaction of both the selling party and the involved local and state agencies through the course of…
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Silver Street Development Closes $32,000,000 Transaction in New Jersey

Silver Street Development Corporation is proud to announce its recent acquisition of the 171-unit Sebastian Villa of NJ to its subsidized housing portfolio. Through careful deal structuring, accomplished in partnership with the NJHMFA, Silver Street has been able to both add 84 units of subsidized housing to the property and to embark on a series…
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Silver Street Acquires 553-Unit Property in New York

Silver Street Development is proud to announce the recent acquisition of Charlotte Harbortown Homes, a 553-unit multifamily housing development located in Rochester, NY. This acquisition marks Silver Street’s third of 2015 and the largest single asset purchase in terms of unit count in the company’s history. Built in 1974, Charlotte Harbortown Homes is a former…
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Silver Street Closes $28 Million Transaction in Massachusetts

Silver Street is excited to announce the closing of its latest LIHTC transaction, Louis Barett Residence, a 145-unit, 12-story apartment complex for seniors in Lynn, MA, approximately 11 miles northeast of downtown Boston. The 4% LIHTC transaction’s total development cost exceeds $28.5 million and was financed by approximately $17 million in mortgage financing from MassHousing…
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