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Standard Acquires, Plans To Renovate Atlantic City Senior Housing Complex

Private-Public Partnership Takes On $38 Million Affordable Housing Project

The affordable-housing arm of Standard Cos. has purchased a 169-unit senior housing development in Atlantic City, New Jersey. (CoStar)
The affordable-housing arm of Standard Cos. has purchased a 169-unit senior housing development in Atlantic City, New Jersey. (CoStar)

In its first acquisition in New Jersey, the affordable-housing arm of Standard Cos. has purchased and will renovate Baltic Plaza Apartments, a 169-unit senior housing development in Atlantic City, in a $38 million deal.

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