Sojourner Truth Houses73 W 106th Street, New York, NY NP Preservation Group
Sojourner Truth Houses is a 91-unit affordable housing property located in the Manhattan Valley Neighborhood of Manhattan. The general partner had joint-ventured this property with a non-profit GP — and the non-profit GP did not wish to sell its interest. We purchased the for-profit GP interest, and assumed the relationship with the remaining non-profit GP.
NP Preservations’ business model provides the ultimate flexibility — allowing structures where multiple general partners with different strategies can all meet their objectives. And because of our experience in numerous ownership structures, we are capable of assuming ownership roles on the fly, engaging closely with parties who choose to maintain their ownership interests.
SOJOURNER TRUTH HOUSES
73 W 106th Street, New York, NY
NP Preservation Group