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[The Hemlock & The Mulberry (PRC Fox Street)]
200 units of affordable housing dedicated at ribbon-cutting

By Patrick Rocchio, Bronx Times
May 23, 2019

A ribbon-cutting ceremony was held on Friday, May 11 for two buildings in Longwood known as The Mulberry and The Hemlock that together will provide a total of 200 affordable apartments for a variety of income levels. The new buildings, The Hemlock at 960 Simpson Street and The Mulberry at 1000 Fox Street, within a block of one another, are both seven stories with the former containing 120 units and the latter 80 units…
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[General]
Top 50 Affordable Housing Developers of 2018

By Affordable Housing Finance
April 5, 2019

#28: Camber closed on nearly 1,600 units in nine transactions with a total capitalization of $500 million last year.
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[General]
Camber boss Rick Gropper sees more than opportunity in affordable housing sector

By Jackson Chen, Real Estate Weekly
March 25, 2019

Building affordable housing in the ruthless real estate market of New York City isn’t a pipe dream, at least for Rick Gropper.
The co-principal of Camber Property Group has kept momentum on building and renovating affordable housing throughout the city since the companyʼs founding in 2016…
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[West Farms Portfolio]
The Bronx is getting a new affordable housing complex

By Meenal Vamburkar, The Real Deal
March 20, 2019

… There has been more investment in low-income housing the borough this year. Camber Property Group, Belveron Partners and the city’s Department of Housing Preservation and Development spent $75 million to buy an 11-building, 343-unit property portfolio in the Bronx in January…
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[Victory Plaza]
Victory Vanguard: Groundbreaking held for affordable senior project

By Gregg McQueen, Manhattan Times
March 6, 2019

…Located at 11 West 118th Street, Victory Plaza will include 41 units set aside for formerly homeless seniors and is expected to be completed by December 2020.

The project is a collaboration between HCCI, Camber Property Group, and the city’s Department of Housing Preservation and Development (HPD) and Housing Development Corporation (HDC).

A groundbreaking ceremony was held on Wed., Feb. 27…
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[General]
‘We Know It’s Going To Be Bad’: Rent Regulation Reform Already Hurting Multifamily Market

By Miriam Hall, Bisnow New York
March 4, 2019

Rent regulations laws that affect nearly 1 million apartments in New York City are set to be renewed in June. But with the state Senate controlled by Democrats for the first time in nearly a decade, the commercial real estate industry is bracing for broad, profound changes to rent-regulation laws that deeply impact their business…

… Camber’s approach has been to buy stabilized buildings and move them into city affordability programs in exchange for tax abatements — rather than relying on a business plan of buying out tenants and converting regulated units to market-rate…
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[Victory Plaza]
Developers Break Ground On Below-Market Harlem Senior Residence

By Brendan Krisel, Patch
January 11, 2019

Construction work on a planned below-market senior housing facility in Harlem began Wednesday as developers broke ground on the West 118th Street site.

The “Victory Plaza” development — product of a partnership between Camber Property Group, Harlem Congregations for Community Improvement and the city Department Housing Preservation and Development and Housing Development Corporation — will bring 136 units of below-market housing for seniors to Harlem, the development team announced…
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[Victory Plaza]
Groundbreaking For 100% Affordable Building For Senior Housing In Harlem

By Harlem World Magazine
February 27, 2019

On Wednesday, February 27th, 2019, Camber Property Group, Harlem Congregations for Community Improvement Inc., (HCCI), NYC Housing Development Corporation (HDC), and NYC Housing Development Corporation (HDC) held a groundbreaking ceremony for Victory Plaza in Harlem. The ceremony included community members and elected officials for Victory Plaza, a 136-unit, 100 percent affordable building for seniors in Harlem…
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[West Farms Portfolio]
‘The Bronx saw more than $2B in investment sales last year

By Eddie Small, The Real Deal
February 8, 2019

… A large number of portfolio deals helped to boost the segment’s property volume, including the $75 million sale of an 11-building, 343-unit portfolio in West Farms from Black Spruce Properties to Camber Property Group, Belveron Partners and the city’s Department of Housing Preservation and Development…
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[1881 Starr Street]
‘Now’s The Time’: Apartment Builders Think NYC’s Supply Glut Is About To End

By Miriam Hall, BISNOW
February 4, 2019

Stagnant rent prices and increasing use of concessions has been the ongoing story in the New York City rental market for years now. But apartment builders say supply and demand fundamentals are starting to swing their way… “I think over the next two to five years, demand will catch up with supply,” Camber Property Group principal Rick Gropper said…
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[West Farms Portfolio]
The city’s multifamily market saw increases across the board in 2018

By Eddie Small, The Real Deal
January 30, 2019

… Transaction volume stayed largely flat at 100, a 1 percent increase compared to 2017. The largest deal was an 11-building, 343-unit portfolio that Black Spruce Management sold for about $75 million to Camber Property Group, Belveron Partners and the city’s Department of Housing Preservation and Development…
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[West Farms Portfolio]
HPD secures $75M, 11 building West Farms portfolio

By Alex Mitchell, Bronx Times
January 11, 2019

A major real estate deal has just been locked-down for the Bronx. The NYC Department of Housing Preservation and Development, collaborating with Camber Property Group, Belveron Partners, closed on a $75 million acquisition of an 11-building, 343-unit portfolio in West Farms on Wednesday, January 2…
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[Victory Plaza]
Camber Property Group Closes On $65 Million In Construction Financing For 100% Affordable Housing Project In Harlem

By Sebastian Morris, New York YIMBY
January 11, 2019

The development team behind Victory Plaza, a new 100% affordable senior housing project, has successfully closed on $65 million in construction financing to facilitate completion of the project. Located in Harlem at 11 West 118th Street, the building will eventually rise nine stories and comprise 136 rental homes. A total of 41 units will be reserved for the formerly homeless…
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[West Farms Portfolio]
Affordability Returns to NYC Developments

By Donna Kimura, Affordable Housing Finance
January 10, 2019

After converting to market-rate housing in recent years, a set of New York City apartments will return to serving as affordable housing. Camber Property Group, Belveron Partners, and the New York City Department of Housing Preservation and Development (HPD) announced closing on a $75 million acquisition of an 11-building, 343-unit portfolio in the Bronx…
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[Victory Plaza]
Camber secures $65M financing for Victory Plaza

By REW, Real Estate Weekly
January 9, 2019

Construction financing to build the $65 million Victory Plaza, a 136-unit, 100 percent affordable building for seniors has been secured. The Harlem project is a joint venture between Camber and non-profit partner Harlem Congregations for Community Improvement…
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[West Farms Portfolio]
Camber, Belveron, HPD close $75M deal to keep Bronx homes affordable

By REW, Real Estate Weekly
January 9, 2019

Camber Property Group, Belveron Partners, and the New York City Department of Housing Preservation and Development (HPD) last week closed on the $75 million acquisition of an 11-building, 343-unit portfolio in the Bronx. The deal will restore long-term affordability to the properties…
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[Victory Plaza]
Below-Market Senior Housing Units Coming To Harlem

By Brendan Krisel, Patch
January 8, 2019

Developers and city partners have closed on construction financing for a nine-story development that will bring 136 units of below-market housing for seniors to Harlem, the development team announced this week. The development, which will be called “Victory Plaza,” will be located on West 118th Street near Fifth Avenue…
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[West Farms Portfolio]
Councilman Salamanca, HPD restore 343 affordable housing units in the South Bronx

By News 12 The Bronx
January 4, 2019

Video: Councilman Salamanca, HPD restore 343 affordable housing units in the South Bronx…
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[Victory Plaza]
Camber lands $79M in financing for Harlem affordable housing building

By Eddie Small, The Real Deal
January 4, 2019

Harlem’s Victory One senior-housing building is about to get a neighbor. Camber Property Group and its partner Harlem Congregations for Community Improvement closed on roughly $79 million in financing for its Victory Plaza affordable housing project in the neighborhood…
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[West Farms Portfolio]
Developers buy Bronx apartment portfolio for $75M in rare affordable play

By Eddie Small, The Real Deal
January 2, 2019

Camber Property Group, Belveron Partners and the city’s Department of Housing Preservation and Development have spent $75 million to buy an 11-building, 343-unit property portfolio in the Bronx. As part of the deal, 100 market-rate apartments will be converted back into affordable units…
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[NYCHA PACT – Baychester/Murphy]
Private real estate firms to buy 50% stake in two NYCHA complexes

By Kathryn Brenzel, The Real Deal
December 27, 2018

L+M Development Partners, Camber Property Group and MBD Community Housing Corp. are nearing a deal to buy a 50 percent stake in two New York City Housing Authority complexes in the Bronx. As part of the deal, the developers will take over managing NYCHA’s Baychester and Murphy houses and invest $90 million to renovate the buildings…
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[NYCHA PACT – Baychester/Murphy]
City Nears Deal to Sell Stake in Two Public-Housing Complexes

By Laura Kusisto, The Wall Street Journal
December 27, 2018

New York City is closing on the sale of a stake in two public-housing complexes in the Bronx to private developers as the de Blasio administration ramps up private-sector involvement in the city’s rapidly deteriorating public-housing stock. A joint venture between L+M Development Partners, Camber Property Group and MBD Community Housing Corp…
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[General]
Wanna buy a rent-stabilized building? HPD may lend a helping hand

By Kathryn Brenzel, The Real Deal
December 20, 2018

… At the time, HPD identified developers as well who qualify for other HPD preservation opportunities, including Omni New York, Procida Development, Related Companies’ affordable housing arm, Hudson Companies and Camber Property Group. Through Neighborhood Pillars, HPD plans to help acquire and preserve roughly 7,500 homes in the next eight years.
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[1601 DeKalb]
When local rejection reshapes development

By Eddie Small, The Real Deal
December 1, 2018

… Camber has repositioned its building on DeKalb to allow natural light to make it into the loft buildings. The project will now also be entirely below market rate, which was not the case prior to the board’s vote. Camber has since received all necessary approvals for it and plans to start building late next year…
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[General]
The Center For An Urban Future honors three pioneers in rooftop gala, including Brooklyn Brewery co-founder Steve Hindy

By Andy Katz, Brooklyn Daily Eagle
November 5, 2018

The Center for an Urban Future, a New York City think tank that focuses on the development of a sustainable middle-class economy, honored three executives and entrepreneurs for creating jobs, affordable housing and helping prepare a new generation to compete in the 21st-century workforce during its annual gala…
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[Morningside/Deshler/Nueva Era Apartments]
Three Upper Manhattan Buildings Sell For $60M

By Brendan Krisel, Patch
October 25, 2018

Three apartment buildings in three different Upper Manhattan neighborhoods were bought as a package deal for $60 million, real estate firms announced Thursday. Camber Property Group and Belveron Partners closed on a portfolio…
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[Morningside/Deshler/Nueva Era Apartments]
Three Manhattan apartment buildings sell for $60M in affordable preservation deal

By Kathryn Brenzel, The Real Deal
October 25, 2018

Camber Property Group and Belveron Partners just picked up three northern Manhattan apartment buildings for $60 million. The companies purchased 287 Audubon Avenue in Washington Heights, 107 West 109th Street in Morningside Heights and 1871 Seventh Avenue in West Harlem…
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[Morningside/Deshler/Nueva Era Apartments]
Camber and Belveron Spend $60M on Three Affordable Uptown Buildings

By Rebecca Baird-Remba, Commercial Observer
October 25, 2018

Camber Property Group and Belveron Partners have purchased three affordable upper Manhattan buildings with 143 apartments for $60 million, Commercial Observer has learned…
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[General]
No Building, No Permits – How a Brownsville Charter School Found a Home

By Alexandra Williamson, BKReader
October 10, 2018

Key Collegiate Charter School director Katie Mazer faced a labyrinth of leases and permits when housing developer Camber Property Group came to the rescue. When Katie Mazer received approval in mid-2017 to open Key Collegiate Charter School in Brownsville, she was one step closer to fulfilling her dream of bringing high-quality education to a low-income area. Yet, there were more hurdles: The school still needed a building, a lease and permits – all before the start of the school year…
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[General][PRC Fox Street]
Amid Rising Costs And Demand, Private Equity, Institutions Investing In Affordable Housing

By Miriam Hall, Bisnow New York
October 8, 2018

New York City’s affordable housing developers are increasingly seeking out institutional investors and pouring in more of their own equity to get affordable deals across the line…
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[Park Lake Apartments]
Hempstead Town IDA OKs affordable housing complex sale, tax breaks

By Jesse Coburn, Newsday
October 8, 2018

The Town of Hempstead Industrial Development Agency last month approved the sale of a Hempstead Village affordable housing complex and a 10-year extension of its tax breaks…
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[General]
Recasting Cuomo

By Kathryn Brenzel and Will Parker, The Real Deal
October 1, 2018

… And for the developers who’ve carved out a niche in affordable housing — RDC, L+M and Camber Property Group, to name a few — any third-term investment by Cuomo in this space could mean another round of projects to capitalize on. Rick Gropper, a Camber principal and…
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[Park Lake Apartments]
Hempstead rental complex sells for $42M

By David Winzelberg, libn.com
September 20, 2018

A 240-unit affordable apartment complex in the Village of Hempstead has sold for $42 million. The sprawling rental property known as Park Lake Residences was…
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[1601 DeKalb]
Bushwick Braces for Upzoning

By Alexandra Williamson, BK Reader
July 31, 2018

City Councilmember Rafael Espinal indicated on July 17 that he’s open to approving a controversial Bushwick apartment building, currently the site of two parking lots used by a nearby hospital…
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[PRC Tiffany]
JV closes on $60M in financing for BX affordable dev

By REW, Real Estate Weekly
July 18, 2018

A joint venture of PRC and Camber Property Group last week closed on financing for the construction of a 163-unit affordable housing development at 975 Tiffany Avenue in the Bronx’s Longwood neighborhood…
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[1601 DeKalb]
Espinal Says Project Doable If Developer Succeeds In Affordable Housing

By Benjamin Robson, Kings County Politics
July 18, 2018

City Council Member Rafael Espinal Jr. (D-Bushwick, East New York) today softened his stand against a controversial proposed residential project in his district after the developer confirmed it is working on ways to make it 100 percent affordable…
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[PRC Tiffany]
Developers Land $60M In Financing For 975 Tiffany Avenue, Longwood, The Bronx

By Sebastian Morris, New York YIMBY
July 11, 2018

Developed in a partnership between Property Resources Corp. and Camber Property Group, 975 Tiffany Avenue will officially move forward following the securing of $60 million in construction financing…
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[PRC Tiffany]
PRC, Camber land $55M for affordable housing project in the Bronx

By Kathryn Brenzel, The Real Deal
July 9, 2018

Property Resources Corp. and Camber Property Group landed nearly $60 million to finance a 161-unit affordable housing development in the Bronx…
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[PRC Tiffany]
Bronx Affordable Housing Developers Nab $55M in Construction Financing

By Rebecca Baird-Remba, Commercial Observer
July 9, 2018

Property Resources Corp. and Camber Property Group have nailed down $55 million in construction financing for a low-income housing development in the Longwood section of the South Bronx, the developers announced today…
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[NYCHA PACT]
De Blasio embraces public-private management of housing authority amid funding shortfall, federal oversight

By Sally Goldenberg, POLITICO Pro
June 25, 2018

Mayor Bill de Blasio announced progress Monday on refurbishing dilapidated public housing units through public-private partnerships — a tool he is beginning to embrace as he awaits the assignment of a federal monitor to oversee repairs throughout the deteriorating developments…
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[1601 DeKalb]
Bushwick businesses voice support for Dekalb Ave project ahead of public meeting

By Sam Raskin, POLITICO Pro
June 13, 2018

A group of Bushwick small business owners have signed a letter urging Council Member Rafael Espinal and Brooklyn Borough President Eric Adams to back the rezoning of 1601 Dekalb Avenue — a proposal that would permit a residential development on what is currently a parking lot…
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[1601 DeKalb]
Adams Wants More Affordablity on Bushwick Project

By Benjamin Robson, Kings County Politics
June 4, 2018

Brooklyn Borough President Eric Adams’ office last week approved a proposed project at 1601 DeKalb Avenue in Bushwick with the conditions that there was inclusion of more low- and very-low affordable housing, and the developer helps in retaining small businesses…
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[1601 DeKalb]
Adams approves controversial Bushwick rezoning with conditions

By Janaki Chadha, POLITICO Pro
May 31, 2018

Brooklyn Borough President Eric Adams weighed in on a controversial private rezoning application for Bushwick on Thursday, approving a proposal that would rezone manufacturing lots in the neighborhood and make way for two nine-story buildings — with conditions…
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[Victory Plaza]
The top 10 biggest real estate projects coming to NYC

By Eddie Small, The Real Deal
April 10, 2018

Another Manhattan project closed out the list with Camber Property Group’s plans for a development at 11 West 118th Street. The Aufgang Architects-designed project would span 82,112 square feet and contain 136 residential units…
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[Victory Plaza]
Camber Property planning 136-unit resi building in Harlem

By Eddie Small, The Real Deal
March 16, 2018

Rick Gropper’s Camber Property Group is planning a nine-story, 136-unit residential building in Harlem. The company filed plans for the project with the Department of Buildings on Thursday. It will be known as Victory Plaza, span roughly 150,500 square feet and stand 87 feet tall…
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[1601 DeKalb]
Rendering Revealed For 1601 DeKalb Avenue, Bushwick, Brooklyn

By Jordan Beeche, New York YIMBY
February 14, 2018

YIMBY has the first rendering for yet another new building coming to Bushwick, Brooklyn, at 1601 Dekalb Avenue. The project is under development by Camber Property Group. The rendering shows a modern, modular design within keeping with the look of its surrounding neighborhood…
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[Carol Gardens]
Camber Property Group purchases pair of Bronx buildings

By Eddie Small, The Real Deal
November 28, 2017

Camber Property Group has bought two Bronx apartment buildings for $19 million, marking the first time that the properties have changed hands since they were built in 1968…
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[Stevenson Commons]
948 Affordable Units Preserved in the Bronx

By Jeffrey Steele, Multi-Housing News
August 14, 2017

LIHC Investment Group, Belveron Partners and Camber Property Group will rehabilitate Stevenson Commons in the New York City borough. The initiative is moving forward through an agreement with the New York City Housing Development Corp…
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[Stevenson Commons]
These were the 10 biggest Bronx deals in Q2

By Eddie Small, The Real Deal
August 3, 2017

Apartment buildings dominated the Bronx investment-sales market during the second quarter, comprising six of the borough’s top 10 deals, including all top four spots. The $70.9 million sale of Section-8 housing complex Stevenson Commons in Clason Point took the top spot on the list…
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[Stevenson Commons]
LIHC, Belveron, Camber JV close $127M housing preservation deal in the Bronx

By REW, Real Estate Weekly
July 18, 2017

LIHC Investment Group, Belveron Partners, and Camber Property Group have announced plans to rehabilitate and preserve 948 units of affordable housing at Stevenson Commons in the Bronx…
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[Stevenson Commons]
Camber Property and nonprofit buy Bronx housing complex for $71M

By Eddie Small, The Real Deal
July 14, 2017

Camber Property Group has teamed up with nonprofit Settlement Housing Fund to purchase a package of 11 residential buildings in the South Bronx for $70.9 million, property records show…
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