REIT seeks to preserve affordable rental options

04/30/2013 | Wall Street Journal, The

The Housing Partnership Equity Trust, a real estate investment trust owned by nonprofit groups and focused on preserving affordable housing, has closed on its first property acquisition. The REIT plans to purchase apartments nationwide, focusing on areas where rising real estate values have led landlords to cater to middle-class or wealthy renters. So far, the REIT has raised more than $100 million, and it has received funding from the John D. and Catherine T. MacArthur Foundation.

View Full Article in:

Wall Street Journal, The

Published in Brief:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Media Relations Manager
GLSEN
NY, NY
Executive Assistant
Out& Equal Workplace Advocates
San Francisco, CA
Contracts Manager
Hydra Electric Company
Burbank, CA
Executive Director
FreeState Legal Project
Baltimore, MD
Vice President Commercial Aerospace Sales & Marketing
Herndon Products, Inc.
Kent, WA