GHC Development

- 712 5th Ave, New York, NY 10019

GHC Development is a real estate agency with a specialized focus on property development and affordable housing. While its name might suggest a broad scope, available public information indicates that the company is a component of GHC Housing Partners, a larger organization with a significant presence in real estate across the United States. GHC Development, in particular, is noted for its expertise in utilizing tax-exempt bonds and low-income housing tax credits for the creation of affordable housing properties. This specialization sets it apart from more traditional real estate brokerages that primarily handle residential sales and rentals for the general public. The firm's business model is centered on a long-term view of ownership and preservation, aiming to create and manage high-quality living environments for residents. This approach is rooted in a mission to provide clean, safe, and affordable homes, a goal that extends beyond a simple transactional role.

The company’s operations are part of a larger, integrated business structure that includes GHC Investment Holdings and other related entities. This comprehensive framework allows GHC Development to handle various aspects of the real estate process, from acquisitions and financing to hands-on management. Their history, dating back to 1993, shows a consistent focus on the affordable housing sector, with a track record of acquiring and developing properties valued at more than $2.5 billion nationwide. This extensive experience and dedicated focus distinguish GHC Development within the New York real estate landscape. While the company's New York office is centrally located, their scope of work is not limited to the city or state, as they have a portfolio that spans over 27 states with more than 30,000 units. This national reach, coupled with a local presence, positions GHC Development as a major player in the development and management of affordable housing.

GHC Development's address at 712 5th Avenue, New York, NY 10019, places it in a highly prestigious and accessible location. The building itself is a well-known Midtown Manhattan skyscraper, situated at the intersection of Fifth Avenue and 56th Street. This location is a major hub of business, culture, and luxury, making it an ideal spot for a company with a significant financial and development portfolio. The building is easily accessible by a wide range of public transportation options. The F train at 57th Street is a short walk away, and the N, Q, and R lines are also within close proximity, providing excellent connectivity to other parts of the city. The central nature of this address also means it is convenient for clients and partners who may be traveling from different boroughs or even out of state. The building is known for its amenities and a professional environment, which aligns with the company's focus on large-scale development and investment.

The area surrounding 712 5th Avenue is a hub of activity, with numerous restaurants, shops, and cultural institutions within walking distance. This vibrant setting provides a dynamic backdrop for a real estate firm and adds to the convenience of the location for visitors. The building's historical and architectural significance, which includes the integration of landmark facades, also adds to its prestige. The ease of getting to the office, whether by subway, bus, or taxi, is a key benefit for anyone looking to engage with the company for business. This prime location at the heart of Manhattan’s financial and commercial districts reinforces GHC Development's role as a major real estate entity. The combination of its strategic address and accessibility makes it a well-positioned firm for attracting and managing business opportunities in the competitive New York market.

As a specialized real estate agency, GHC Development's services are primarily geared toward property development and investment, particularly in the affordable housing sector. Their offerings differ from those of a typical residential real estate brokerage.

• Affordable Housing Development: The firm specializes in the development of affordable housing properties. This involves using complex financial instruments, such as tax-exempt bonds and low-income housing tax credits, to fund the creation and rehabilitation of these properties.

• Acquisition and Rehabilitation: GHC Development focuses on acquiring and rehabilitating existing properties to convert them into affordable housing units. This process often involves extensive renovation and is a key part of their strategy to preserve and improve communities.

• Property Ownership and Management: The company maintains a long-term ownership model for many of the properties they develop. This includes an internal property management division, which ensures that the buildings are operated and maintained to a high standard, focusing on resident satisfaction.

• Real Estate Investment: As a part of GHC Housing Partners, GHC Development works with an internal private equity division to move quickly on large transactions. This allows them to invest in various real estate classes and form joint ventures with other operators.

The services offered by GHC Development are not for the average person looking to buy or sell a single-family home. Instead, they are tailored to large-scale investors, institutions, and government bodies involved in the affordable housing sector. Their expertise lies in navigating the financial and regulatory complexities of this niche market, making them a specialized partner for these types of projects.

GHC Development's business model is distinguished by several key features and highlights that are worth noting.

• Specialized Expertise: Unlike general real estate agencies, GHC Development has a deep and demonstrated expertise in the affordable housing sector. Their team is composed of professionals with extensive experience in low-income housing tax credits and government programs, which is a rare and valuable skill set.

• National Presence: The company’s portfolio is not limited to New York. With properties in over 27 states and a portfolio of over 30,000 units, they have a broad perspective on real estate trends and opportunities across the country.

• Long-Term Strategy: GHC Development is focused on long-term ownership and preservation of properties, rather than quick flips. This commitment to the longevity and quality of their assets is a central part of their business philosophy.

• Integrated Business Model: The company’s integrated structure, which includes investment and management divisions, allows for a seamless and efficient process from acquisition to long-term operation. This holistic approach can be a significant advantage for their partners.

These features underscore GHC Development's position as a specialized, large-scale real estate firm. Their focus on affordable housing, combined with their extensive experience and national reach, makes them a unique player in the real estate development space.

For all business inquiries and to get in touch with GHC Development, you can use the following contact information.

Address: 712 5th Ave, New York, NY 10019, USA

Phone: (212) 849-6614

Mobile Phone: +1 212-849-6614

These contact details provide a direct line to the company's New York office. Their prominent address on Fifth Avenue is a clear indicator of their professional standing and presence in the city.

For those with interests in large-scale real estate development, particularly in the affordable housing sector, GHC Development is a noteworthy choice. Their decades of experience, coupled with a clear mission to provide quality, affordable living spaces, set them apart. The firm's business model is built on a foundation of long-term investment and hands-on management, which suggests a commitment to the quality and longevity of their properties. While they are not a typical residential brokerage for individual home sales, their role in the broader real estate ecosystem is significant. Choosing GHC Development is an option for investors, partners, or institutions looking for a firm with a proven track record in complex, large-scale projects and a specialization in affordable housing. Their integrated approach and national scope provide a comprehensive solution for those operating within this specific and important segment of the real estate market.

GHC Development

712 5th Ave, New York, NY 10019, USA