Property Detail

Shore Plaza is a waterfront property on the Mystic River with views of the Boston skyline. It is located in East Boston and has 380 apartments, many of which overlook the busy working waterfront.

When LIHC approached the owners of this property, the partnership had already spent significant time seeking a purchaser. LIHC Investment Group provided the highest offer and established continued interest for the sellers, thereby retaining the existing general partner to operate the property. Both limited and general partners were able to maximize the value of their interests, and LIHC agreed to preserve the property for the low-income residents for an additional 20 years.

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LIHC Investment Group