“We are excited to continue our work in Providence, and this acquisition and the upcoming renovation of Colony House will enable the property to continue providing a strong community for low-income seniors for the foreseeable future,” said Standard Communities Co-Founder Scott Alter.
“The Asheville market has seen tremendous growth in this market cycle, creating a vibrant, though oftentimes expensive, metropolitan area. We are excited to provide low-income residents, most of whom are seniors at Arrowhead, an opportunity to continue living in such a strong community without worry of increased housing costs,” said Standard Communities Co-Founder Scott Alter.
“Housing costs in the greater Washington D.C. area have continued to climb in recent years, and we are excited to be in a position to continue providing a high-quality housing option that is affordable for low-income families,” said Standard Communities Chief Strategy Officer Joseph Ouellette.
“We are excited to have created affordable housing for seniors in the L.A. market, since many residents have struggled to afford a quality home as costs have climbed in recent years,” said Jeff Jaeger, Co-Founder of Standard Communities.
“We are thrilled to not only preserve Villa de Guadalupe as affordable housing for the foreseeable future, but to also renovate the property to ensure that it remains a high-quality community,”said Standard Communities Co-Founder Scott Alter.
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