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The REIT will keep the remaining 55 percent.
The target is companies that own at least 1,000 houses.
The asset is two blocks from Grand Central Terminal.
The fund has already acquired 43 manufactured housing communities.
The Tech Hub program invests in markets advancing critical technology.
It is intended for owners or managers of any building in any phase of the lifecycle.
It follows a trend in New York.
Bridge will operate just five percent of the JV.
The 1,575-foot tall tower would feature office and hotel components.
It also surpassed its affordable housing goals with record 2024 volume.