Evelyn Jozsa

The company paid nearly $45 million for two value-add properties in Fresno, Calif.

The investment marks the company’s third acquisition in the metro in the past month.

The newly opened community sold for approximately $561,400 per unit, more than double the average price in the first quarter.

JLL secured the five-year bridge loan, which retires a $145 million financing package from PCCP.

President Biden's initiative includes new financing vehicles and legislative and administrative actions to drive more affordable housing development.