
Jonathan Rose Cos. Acquires 150-Unit Affordable Housing Property in Santa Cruz for $85 Million
Jonathan Rose Cos. has purchased La Posada Apartments in Santa Cruz, a 150-unit mixed-income property, for $85 million, ensuring the extension of federal housing support for 122 units for an additional two decades. The acquisition also includes plans for extensive renovations and a new regulatory agreement to maintain affordability for a significant portion of the units.
Read articleNews from Santa Cruz, Santa Cruz County, California