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Deal Profile: Carson Tower
Acquisition and extensive renovation of a historic 133-unit
property for Elderly residents in Pittsburgh’s East Carson Historic
District
All 133 units were at risk of losing their Section 8 (HAP)
contracts prior to Standard’s acquisition
Acquired using tax exempt bonds and 4% LIHTCs, ensuring the
property remains affordable for at least 30 more years
Renovation included modernization of building systems,
upgrades to unit interiors, and improved common areas and
amenity spaces
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