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Critical affordable housing resource for elderly and handicapped residents and, under this transaction, will be preserved as affordable for the long term.
Retirement Housing Foundation and Schochet Associates, Inc. today announced that they have completed the $39 million acquisition of 373 apartments located in Hartford, CT. The project, originally constructed in the early 1900s as the House of the Good Shepherd, was painstakingly rehabilitated and converted to affordable apartments for seniors in 1980.
(June 3, 2020 - Medford, MA) -- The Schochet Companies and Jonathan Rose Companies have acquired Riverside Towers in Medford, MA, for $83.5 million in a joint venture.
BOSTON – January 10, 2023 – MassHousing has provided $13.5 million in affordable housing financing to a joint venture consisting of Schochet Companies (Schochet) and Jonathan Rose Companies (Rose) for the preservation of affordability, property renovations and the enhancement of resident services at the 199-unit Riverside Towers for the elderly in Medford.