At Camber, we do what’s right.
Right for our residents. Right for our communities. And right for our partners.
Doing what is right isn’t always easy. But where others quit, we forge ahead. We are passionate. Determined. Relentless.
We have decades of experience and relationships in the housing industry. But it’s our purpose and perseverance that truly sets us apart.
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We pride ourselves on delivering on our promises. Our commitment ensures we exceed expectations every time.
We care deeply about the impact we have on all stakeholders. We are quick to respond. We show up when we are needed. We commit 100%.
We build strong local relationships to ensure that our projects meet the needs of our residents and the community.
We sustain neighborhoods by respecting the fabric of the community and the future of the planet.
We reinvest in our team, our communities and our residents to provide opportunities for everyone to grow alongside our company.
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We design and build to the highest standards to create properties that last many lifetimes.
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We undertake holistic renovations to transform existing buildings into places that residents are proud to call home.
By The Editors | Commercial Observer
May 13, 2025
New York City’s housing crisis has been a challenge for decades as tight occupancy levels and skyrocketing rents continue to choke the city’s affordable housing supply. Combating this crisis is a difficult task, but it is one Rick Gropper and his team at Camber Property Group take seriously.
Gropper and Camber were very active in 2024, taking on projects to help provide New Yorkers with more affordable housing opportunities.
“Affordable housing, supportive housing, preservation of existing buildings and the new construction of transitional housing is really our area of focus — affordable housing and trying to make a dent in the housing crisis here in New York and across the country,” Gropper said.
In 2024, Camber closed on one of the largest affordable housing deals of the year, spending nearly $1 billion with its public and private financing partners for Linden Plaza, an 11-building, 1,527-unit apartment complex in Brownsville, Brooklyn.
“It’s something that was built in the 1970s, and then it really fell into disrepair, and COVID was kind of the thing that did it in,” Gropper said. “COVID, and the fact that people couldn’t afford to pay their rent, and that lack of income led to it just really continuing the downward spiral. We closed on that and we started construction shortly after that.”
Camber is in the early stages of turning the complex around. Work is expected to be completed by December 2028.
“That was the biggest deal that we did last year in that space, and is one that we’re really proud of,” Gropper said. “We also began construction on four buildings in 2024 that include a 130-unit supportive housing and mixed-income building in Bushwick that we rezoned and started construction. It includes a transitional housing facility in East New York that’ll be a 200-bed assessment shelter.”
Camber had a very active 2024, and 2025 has started off strong as well — though political and economic uncertainty will be a challenge this year as the firm continues its fight to provide New Yorkers with more affordable housing. See full list here.
By Amanda Schiavo | COMMERCIAL OBSERVER
May 13, 2025
The U.S. is suffering from a severe shortage of at least 4.5 million homes, according to the U.S. Chamber of Commerce — although other reports suggest the number is closer to 7 million — and this deficit, which includes homes designated as affordable, has for decades burdened the economy, never mind Americans’ personal income.
In states such as California, Texas, Florida and New York, the GDP loss due to a lack of housing between 2008 and 2025 was more than $20 billion, the Chamber of Commerce found.
The housing shortage on the affordable end has become so acute that some of the biggest names in commercial real estate — including names on this Power 100 list — have made developing affordable housing a key part of their investment strategies.
Slate Property Group is one firm that has been working hard to help alleviate the housing crisis, as the majority of the 17,000 housing units in its portfolio have been designated as affordable. Slate co-founder David Schwartz told Commercial Observer in April that the company prides itself on its outside-the-box approach.
“We’re going to bring up ideas like converting the first hotel in New York state history to 100 percent affordable,” Schwartz said of an old Hilton near JFK Airport. “That’s a building that’s going to be opened in 18 months — half the time that it would take to build from the ground up.”
Additionally, LMXD, led by Lisa Gomez and David Dishy, has about $20 billion worth of affordable housing projects currently in development, with 57,000 units either completed or in progress.
Camber Property Group, led by founder Rick Gropper, spent nearly $1 billion with its financing partners this January to buy an 11-building, 1,527-unit apartment complex in Brooklyn. The company is now putting hundreds of millions of dollars into repairs at the complex.
“Affordable housing, supportive housing, preservation of existing buildings and the new construction of transitional housing is really our area of focus — affordable housing and trying to make a dent in the housing crisis here in New York and across the country,” Gropper said.
And Alicia Glen, a former New York City deputy mayor who founded and now leads MSquared, believes if a company is in a position to make a dent in this issue, it should. Toward the end of last year MSquared, alongside a team of investors, acquired 3333 Broadway — Manhattan’s biggest residential building — for $324 million with the goal of turning it into a truly 50-50 income building, where half of the units will be affordable or reserved for low-income families.
“We did that because I thought it was really important that capital like ours acquire buildings like this,” Glen said, “so that we can continue to improve them and to maintain this income mix — which is this very precious commodity — and be able to demonstrate that this works, and then investors can make money.”
By The Editors | PoliticsNY & amNewYork
April 2, 2025
Rick Gropper, Founding Principal, Camber Property Group
Gropper has 20 years of experience in the construction and preservation of affordable housing across New York City and beyond. Gropper is directly responsible for development transactions exceeding $4 billion of total cost and 20,000 units in aggregate. At the end of 2024, Camber closed on a nearly $1 billion transaction to take over Brooklyn’s Linden Plaza, which will undergo a massive rehabilitation, making it one of the largest multifamily deals of the year.
Is there a project you are excited to work on or see completed in 2025? We are currently working on Stevenson Square in the Soundview section of the Bronx, which is a $1 billion transaction that will create nearly 1,000 affordable homes. The first two phases will feature affordable homeownership allowing future residents to build equity over time in a co-op structure. The first phase will also include an affordable senior housing development with amenities and on-site services to support residents as they age in place.
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