Tryko Partners buys, will renovate Liberty Park Townhomes in Camden
A New Jersey real estate investment firm has purchased Camden's Liberty Park Townhomes affordable-housing complex and plans $1.5 million in renovations at the site in exchange for tax abatements.
A New Jersey real estate investment firm has purchased Camden's Liberty Park Townhomes affordable-housing complex and plans $1.5 million in renovations at the site in exchange for tax abatements.
Tryko Partners bought the 184-unit property from Vesta Corp. of Connecticut, according to a statement from the Brick, N.J.-based company, which did not disclose the purchase price.
Tryko, which specializes in affordable-housing projects, will re-side all buildings, replace windows, repair sewage lines, and complete other improvements through its PILOT, or "payment in lieu of taxes," deal with the City of Camden.
It also will install a network of security cameras to be monitored by police.
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