Substantially adding to its holdings in Chicago, a national investor in affordable housing has purchased two large South Side apartment complexes in recent weeks, promising to keep rents low while improving tenant services.
The purchases by Jonathan Rose Cos. involve properties in Englewood and in Woodlawn, opposite the under-construction Obama Presidential Center, that constitute 485 apartments. Rose is a New York-based firm that blends the profit motive with a stated mission of improving affordable housing and helping communities.
