Pembrook Completes Community Impact Assessment, Affirms Commitment to Affordable Multifamily Investments
NEW YORK , May 18, 2021 |PRNewswire| -- In its recently completed internal community impact assessment, Pembrook Capital Management LLC ("Pembrook"), a real estate investment management company focused on affordable housing investments, confirmed significant impact from investing approximately $700 million into affordable|workforce multifamily rental housing, equating to over 12,000 units housing an estimated 31,000 tenants, 70% of which were located in predominantly minority neighborhoods. The assessment was conducted to identify past successful efforts and identify areas for further improvement. Based on these results and the firm''s ability to make such investments on a competitive, non-concessionary basis over the past 14 years, Pembrook is renewing its commitment to the sector with an eye toward increasing its investment impact even further in the future. Stuart Boesky , CEO of Pembrook, made the announcement. "Pembrook has always allocated a majority of its capital to what we believe to be socially responsible, community related investments, and we also believe it is important to self-assess and reflect upon the actual impact we are making," Mr.
Pembrook Completes Community Impact Assessment, Affirms Commitment to Affordable Multifamily Investments
NEW YORK , May 18, 2021 |PRNewswire| -- In its recently completed internal community impact assessment, Pembrook Capital Management LLC ("Pembrook"), a real estate investment management company focused on affordable housing investments, confirmed significant impact from investing approximately $700 million into affordable|workforce multifamily rental housing, equating to over 12,000 units housing an estimated 31,000 tenants, 70% of which were located in predominantly minority neighborhoods. The assessment was conducted to identify past successful efforts and identify areas for further improvement. Based on these results and the firm''s ability to make such investments on a competitive, non-concessionary basis over the past 14 years, Pembrook is renewing its commitment to the sector with an eye toward increasing its investment impact even further in the future. Stuart Boesky , CEO of Pembrook, made the announcement. "Pembrook has always allocated a majority of its capital to what we believe to be socially responsible, community related investments, and we also believe it is important to self-assess and reflect upon the actual impact we are making," Mr.