PRC Manhattan - $450,000,000
Joint Venture to lease and in-place rehabilitate 1,718 NYCHA Public Housing units in Manhattan through NYCHA’s RAD PACT initiative.
Lemor Development Group
Experts in building strategic partnerships to preserve and revitalize workforce housing
Our Story
Lemor Development Group (LDG) was established in 2014 to manage the acquisition, development and management of underperforming government and privately funded multifamily properties and projects. Committed to reducing the critical shortage of affordable housing and positively impacting lives in our communities.
Leveraging Professional Relationships​
Our executive team and staff have established strong and long-lasting relationships with acquisition, government, debt, equity, development, and construction partners:
Capabilities
1. Investment Focus
2. Acquisition & Development
3. Construction
4. Sustainable Green Standards
5. Property Management
Upcoming Projects - 2020/2021
Harlem Gardens - $22,000,000
Acquisition and repositioning of 166 units in 8 buildings located in Central Harlem.
Central Harlem Cluster - $30,000,000
Joint Venture to construction 48 affordable co-op units in Central Harlem.
Central Harlem Cluster - $40,000,000
Development of 72 units in 8 new construction buildings utilizing LIHTCs located in Central Harlem.
Meet our Executive Team
Formed by President, Kenneth Morrison, and Director of Acquisitions, Harrison Rayford, LDG focuses on affordable and workforce housing in New York City, New Jersey and select markets throughout the country.
Kenneth Morrison
PRINCIPAL
Harrison Rayford
DIRECTOR OF ACQUISITIONS