HARRISBURG, PA - Gardner Capital, a Dallas based private equity firm and alternative investment platform specializing in multifamily housing and renewable energy development and investment, announced its new senior housing development in Harrisburg, Pennsylvania, Bethel Village.
Construction for Bethel Village began in August and is expected to be completed in 2024. Bethel Village represents the first new affordable housing development for Gardner Capital in the state of Pennsylvania, a key long term strategic market for the Company.
Located in the central business district of Harrisburg, Bethel Village will bring 49 units of high quality affordable housing for Seniors in the Harrisburg area. Gardner Capital expects to secure additional funding to support EV charging stations and provide free EV charging for future tenants through the GCRE Upward Mobility Fund. Just two blocks from the state capital complex, the area has already seen signs of new investment, including the $192-million-dollar Federal Courthouse on 6th Street. The complex will consist of one, energy-efficient, four-story building featuring one and two-bedroom units.
"We couldn't be more excited to begin construction on Bethel Village Apartments, our first Development in Pennsylvania – with another development closing this year in Philadelphia," said Amy Dosen, Managing Partner, Gardner Capital, adding "we have been dedicated to the Pennsylvania market for quite a few years, and it is only through our truly amazing local partners that we have been able to close our first of many future developments in a state that represents one of our core long term strategic markets."
When completed, Bethel Village Apartments will be the latest addition to Gardner Capital's growing affordable housing portfolio of more than 4,500 units – a part of Gardner Capital's national multifamily portfolio within Gardner Capital's Portfolio Management Group which oversees Gardner Capital's long-term development and investment assets.
Source: Gardner Capital