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CENTER CITY
Newark, NJ
Radiant Property Management LLC acquired 209 affordable housing units in Newark, NJ from Virginia-based Realty Management. All units were part of the Housing Assistance Payment contract, and the buildings were in various states of disrepair, amid a dangerous drug and crime-ridden environment. Radiant implemented and completed a $15 million-dollar full renovation in 5 phases over 24 months, and weeded out bad elements, resulting in a safer, better quality of life for residents.