Refinancing Aeon's Portfolio: Sustaining Community Assets
 Aeon will refinance several properties in its portfolio in order to complete a moderate to substantial rehabilitation at each site and preserve the developments as affordable apartment homes.
Preserving these buildings as affordable apartments speaks to Aeon’s mission “to create and sustain quality affordable homes.”
Preserving affordable homes
Aeon is committed to ensuring that its developments remain affordable and offer quality places to live. Preservation of existing properties, which are an integral part of the neighborhoods in which they are located, is more cost effective than constructing new buildings.
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Buri Manor, Aeon's first development,
opened in 1986.
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Recapitalizing a property for the long-term
Aeon is approaching its 25th anniversary. Its first developments, renovated 19 - 24 years ago, are in need of renovation – much like a single family home would be in need of updates and repairs. Even with Aeon’s ongoing maintenance, these early properties have experienced decades of use by residents.
The scope of work for the rehabilitation will focus on ensuring the properties continue to provide high quality affordable housing for the long term.
Incorporating sustainable building measures
Since these properties were developed, Aeon’s knowledge of sustainable building practices has increased tremendously. The refinance provides the opportunity to incorporate green, sustainable measures which create a healthy environment and provide residents as well as the property with long-term cost savings.
Learn more about the refinancing of Aeon's portfolio.
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