Camber Property Group acquired Linden Plaza in East New York, Brooklyn, for $845 million from Linden Plaza Preservation, an RY Management affiliate. The multifamily complex includes 1,527 units across 11 buildings, priced at $553,000 per unit. Camber plans $400 million in upgrades, including kitchen, bathroom, HVAC, and common area improvements, along with social services like mental health counseling and job training. Financing involves J.P. Morgan Chase, Merchants Capital, and public agencies. Camber, a leading affordable housing landlord, aims to improve residents’ quality of life while addressing long-standing repair issues at the 1971-built property.
Camber Property Group
