MIAMI — Lincoln Avenue Capital (LAC) has acquired Brownsville Transit Village I and II, a mid-rise, two-building affordable housing complex in Miami’s Brownsville neighborhood.
The first building features 96 units available to any age, while the second features 100 units reserved for independent seniors. The purchase price was not disclosed.
Both properties are part of a larger campus of affordable apartment buildings that were built in 2012, encompassing almost 500 affordable housing units plus ground-floor retail. The development is transit-oriented, located near the Metrorail Green Line station, with easy access to Miami International Airport and downtown Miami.
LAC now owns 11 affordable housing developments in the Miami region.