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OpenPath Investments Acquires Phoenix Apartment Complex Ventana Palms for $8.5M; Announces New Online Investors Platform

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OpenPath Investments, triple bottom-line company with more than a decade of experience creating value for its investors, announced on Wednesday that it has purchased Ventana Palms Apartments , located in west Phoenix, for $8.5 million, kickstarting an effort to bring a socially responsible investing and property management model to the working- class housing complex in the Maryvale neighborhood. OpenPath’s acquisition includes approximately $3.6 million in equity financing from socially conscious investors who support the firm’s Urban Village community concept and its environmentally friendly investment model . The Urban Village concept calls for investments in community-building efforts for apartment residents , including tools, inspiration and ideas to enrich their community life — from community gardens, to educational classes and leadership development. OpenPath also intends to invest approximately $1.5 million in interior and exterior upgrades at Ventana Palms. The 10-buildi...

Landsea Green Properties Doubles -2-

DJ EQS-News: Landsea Green Properties Doubles Revenue in 1H 2017 'Product-differentiation, Asset-light and Market globalization' Strategy Achieves Significant Results in Transformation and Upgrades Dow Jones received a payment from EQS/DGAP to publish this press release. EQS-News / 22/08/2017 / 19:26 UTC+8 * Landsea Green Properties Doubles Revenue in 1H 2017 "Product-differentiation, Asset-light and Market globalization" Strategy Achieves Significant Results in Transformation and Upgrades * Hong Kong, August 21, 2017 - * Landsea Green Properties Co., Ltd.*, ("Landsea" or the "Company" and its subsidiaries collectively the "Group", HKEX stock code : 00106), China's leading integrated green -technology property development services company, is pleased to announce its unaudited interim results for six months ended 30 June 2017 ("the period under review"). In the first half of 2017, the Group continued to deepen the st...

Orange County church finds higher purpose for unused land: affordable housing and community services

At the ribbon cutting this month for the Wesley Village affordable housing complex in Garden Grove, Laura Archuleta couldn ’t resist referencing Joni Mitchell ’s 1970 environmental protest “Big Yellow Taxi.” Built on underused land that’s part of the Garden Grove United Methodist Church campus on Main Street, Wesley Village offered Archuleta , president of the nonprofit community organization Jamboree Housing Corp ., a chance to riff on one of Mitchell’s most famous lyrics. Where Mitchell sang “They paved paradise/And put up a parking lot,” Archuleta told about 300 people packed into the steamy church sanctuary on a hot afternoon that “Today we are going to learn how a group of dedicated organizations and individuals re-purposed a parking lot and put up a paradise.” Then she and others who spoke, including a single mom with six children who now reside at Wesley Village , told how the project became reality through a unique collaboration that involved the church, Jamboree and other...

Houston's Trailer Parks Offer Cheap Housing, But Leave Residents Vulnerable

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Duval Mobile Home Park in southeast Houston has 182 lots." />EXPAND The Duval Mobile Home Park in southeast Houston has 182 lots. Stephen Paulsen Elizabeth Perez loves her trailer park . But if she's ever forced to move, at least she has a back-up plan. A chatty 45-year-old with a wide smile, Perez has lived at and managed the Trinity Duval Mobile Home Park in southeast Houston since 2008. Used mobile homes here typically sell for $12,000 to $38,000, depending on their size and condition, she says. She remembers one woman buying a home for just $2,000, using her IRS refund. The Duval Mobile Home Park first opened in the 1950s. It was purchased last year by Trinity Community Group , a trailer park management company — and Perez worried about the future of the park. “I kept thinking, ‘Shoot, they're going to want to tear it down,’” Perez said. “I was kind of scared.” The company promised it would keep the park operational , according to Perez. Still, Perez accepts...