PRC Acquires 150-Unit Affordable Housing Complex in Paulsboro, New Jersey, Plans Renovation

by Taylor Williams

PAULSBORO, N.J. — New York-based investment firm PRC has acquired Paulsboro Gardens Apartments, a 150-unit affordable housing complex located outside of Philadelphia in Southern New Jersey. The property comprises 21 low-rise buildings. PRC plans to undertake accessibility upgrades, interior unit renovations and exterior improvements, as well as improve mechanical and utility systems, to extend the property’s affordability status. The seller and sales price were not disclosed.

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