JONATHAN ROSE ACQUIRES $26.5 MILLION AFFORDABLE HOUSING PORTFOLIO

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NEW YORK CITY — New York City-based Jonathan Rose Cos. has acquired a 198-unit affordable housing portfolio in Harlem, New York City, for approximately $26.5 million. The portfolio consists of 10 six-story, elevator-served buildings located at 107-145 W. 135th St. The buildings also contain 4,500 square feet of ground-floor retail space. Jonathan Rose renewed the buildings’ HUD Section 8 contract for an additional 20 years and plans to renovate the property with a focus on energy efficiency and sustainability. The acquisition was made on behalf of The Rose Smart Growth Investment Fund I, the company’s real estate investment fund.

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