Jonathan Rose Companies, POAH JV on Woodlawn Apartments
Jonathan Rose Companies has acquired Jackson Park Terrace, a 318-unit affordable apartment complex across the street from the future. Obama Presidential Center. Located in Woodlawn at 6040 S. Harper Ave., the property was acquired by the Rose Affordable Housing Preservation Fund V in a $25-million joint venture with Preservation of Affordable Housing (POAH).
Built in 1973, Jackson Park Terrace was developed by the Woodlawn Community Development Corporation, one of the nation’s first community development corporations, led at the time by Bishop Arthur Brazier and activist Reverend Leon Finney.
Rose and POAH presented a plan to elected officials, residents, and advocacy organizations to preserve the property as affordable in the rapidly changing Chicago neighborhood. “We feel that it is both an obligation and a privilege to preserve this historic development,“ said Nathan D. Taft, partner at Jonathan Rose Companies, who led the negotiations.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).