Settlement Housing Fund: L+M and partners close pair of Harlem affordable housing deals

Ron Moelis' L+M Development Partners closed on a 100-unit affordable housing deal in East Harlem. The real estate investment firm and its partner, Settlement Housing Fund, recently bought a controlling interest in a 100-unit apartment complex at 315 East 103rd Street and 330 East 104th Street in a deal that valued the property at $20 million, L+M said. The buyers simultaneously extended a current affordability agreement with the city's Housing Development Corporation by 15 [...]