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L+M, Community Preservation Partners Undertake $123 Million Rehab of South Orange Complex

Firms Pay $94 Million for New Jersey Affordable Housing Property

A rendering depicts Norman Towers’ first major update in 40 years. (Inglese Architecture + Engineering)
A rendering depicts Norman Towers’ first major update in 40 years. (Inglese Architecture + Engineering)

L+M Development Partners and Community Preservation Partners have acquired an affordable-housing complex in East Orange, New Jersey, for $94 million, with plans to invest $29 million to rehabilitate it.

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