NEWS
Silver Street Development Closes $65M Acquisition of 250-Unit Pequot Highlands
Jan 9, 2017
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…
Read More → Silver Street Development Closes $32,000,000 Transaction in New Jersey
May 11, 2016
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…
Read More → Silver Street Acquires 553-Unit Property in New York
Jan 11, 2016
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…
Read More → Silver Street Closes $28 Million Transaction in Massachusetts
Dec 2, 2015
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…
Read More → Recent Posts
- Silver Street Development Preserves 223 Affordable Apartments in Edgewood, MD
- Silver Street Development Closes on 180 Unit Affordable Property in Asheville, NC
- Progress Continues on $20.5M Rehab of Pequot Highlands
- RAD Conversion Secures Additional Rental Assistance for Almost 300 Units in Rochester, NY
- Silver Street President Meets with Secretary Ben Carson at AHDC Spring Policy Conference