Providence Realty Investment, LLC has a signed purchase and sales agreement for a Government Subsidized Housing Portfolio in Massachusetts. The portfolio consists of 14 properties totaling 1,281 units surrounding the Boston metropolitan area. All properties are concentrated within a one-hour drive of each other allowing for efficient management and operations.

The communities have been well maintained and enjoy extremely stable tenant basis with very low turnover. They have a 25-year history of low vacancy rates (less than one percent) and long waiting lists (up to four years). The majority of units are age-restricted.

Providence Realty Investment is utilizing 4% Low Income Housing Tax Credits (LIHTC) to purchase this portfolio, along with Bond Financed mortgages from MassHousing. Within the first 24 months of ownership, Providence Realty Investment will provide up to $18,000,000 in upgrades within the portfolio, which will include sustainable building designs.

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The law office of Lisa A. Greenberg and Heather J. Smethurst is committed to providing effective legal representation to the Danvers, MA community. Since 1997, our office has been dedicated to the areas of domestic relations matters. We will fight for your rights to ensure your case has the most favorable outcome. We want your legal experience to be as painless as possible – we’ll help you through the process by providing an experienced lawyer who is patient and empathetic to your personal situation.

We Can Help You With:

* Family Law – child custody, support, visitation, adoption, and more
* Marital Law – divorce, name change, annulment, and more
* Legal Services – bankruptcy, wills, power of attorney, and
restraining orders

We specialize in helping those who are going through the difficult circumstances of divorce and all other family and marital issues.

Contact Lisa A. Greenberg at 978-777-2040 to schedule a free consultation.

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