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NY-Based PRC Acquires Apartments in Suburban Philadelphia

Summary by Connect CRE
PRC, a real estate development firm based in New York, has acquired the Paulsboro Gardens Apartments, an affordable housing apartment complex in Paulsboro, New Jersey, within the Philadelphia metropolitan area. With plans for a future substantial rehabilitation that will maintain the development as affordable housing, Paulsboro Gardens Apartments marks PRC’s first acquisition outside of New York. The acquisition bridge loan was provided by X-Cal…
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Connect CRE broke the news in on Monday, July 21, 2025.
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