Perennial Housing Group Launches Affordable Housing Platform via 31-Property Acquisition
Perennial Housing Group has officially launched as a dedicated affordable housing owner and operator following the acquisition of a portfolio consisting of 31 properties. Spanning 10 states across the Southeast and Midwest, the portfolio includes nearly 4,000 apartment units, with 97% supported by long-term project-based Section 8 (PBS8) assistance contracts. Led by CEO Gregory B. Jones, a veteran of the affordable housing sector, the company is backed by institutional capital. Perennial aims to scale its operations significantly, targeting over $1 billion in asset value within the next few years through strategic acquisitions and partnerships with LIHTC developers and public agencies.
Topics: Affordable Housing Business Launch Real Estate Acquisition Section 8