Lincoln Avenue Capital, an affordable housing developer, has bought Wyndham Pointe Apartments.
The deal allows LAC to maintain quality, affordable homes for Columbia residents and add sustainability features.
“Lincoln Avenue Capital is proud to continue growing our nationwide affordable housing portfolio in communities where quality, sustainable homes are needed,” said Jeremy Bronfman, CEO of LAC. “This acquisition preserves affordable residences and improves the environmental profile of Wyndham Pointe.”
LAC worked with SC Housing to ensure a safe transfer of ownership for long-term quality homes. The acquisition was financed through a loan from the National Equity Fund.