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New York & Tri-State  + Uptown/Bronx  + Apartments  |  June 13, 2023
Emily Fu
By: Emily Fu

Global One Real Estate Fund Recapitalizes Two Bronx Affordable Housing Complexes 

New York-based Nelson Management Group, through its affiliate Global One Real Estate Fund, has partnered with The Vistria Group to recapitalize two affordable housing properties, Lafayette-Boynton Apartments and Promenade Apartments. The recapitalization was supported by financing from Freddie Mac and KeyBank.  

Nelson Management will continue to manage the 1,290 affordable housing units across both properties. The partnership aims to preserve long-term affordability for residents and maintain the high-quality standards of the properties.  

The Lafayette-Boynton Apartments consists of four 19-story towers with 972 units in the Bronx, while Promenade Apartments is a 19-story apartment tower with 318 units in the Marble Hill/Riverdale neighborhood. Nelson Management is known for implementing advanced amenities and property management tools in its portfolio. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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