People Restoring Communities Transforms and Expands
People Restoring Communities, formerly known as Property Resources Corporation, has officially rebranded under the leadership of Matthew Linde as Principal and CEO and Benjamin Linde as Principal and COO. This remarkable transition signifies a fresh chapter for the firm, which has been at the forefront of affordable housing for over 50 years.
New Leadership for a New Era
With this change in ownership, the Lindes are proud to carry forward the company's core values, committing to enhance affordable housing not only within New York but across the nation. Matthew Linde emphasized the pride and dedication of the leadership team, stating their goal is to ensure that communities gain access to high-quality housing opportunities.
A Rich History of Community Impact
Since its inception, People Restoring Communities has focused on improving neighborhoods through mission-driven work. Now helmed by the third generation of the Linde family, the company is positioned for substantial growth in both the scale and scope of its projects.
Recent Acquisitions and Upcoming Projects
Marking its expansion outside of New York, the company has successfully acquired Paulsboro Gardens Apartments, a 150-unit complex in New Jersey. Furthermore, additional developments are already in the pipeline, with projects planned in Downtown Richmond, Trenton, and Boston set to begin soon. Yet, despite this expansion, the company remains committed to its roots, continuing vital development efforts in New York.
Building a Brighter Future Together
People Restoring Communities has made remarkable strides over the years, developing or preserving 20,000 housing units valued at nearly $1.75 billion. Their commitment to high-quality, affordably priced homes remains steadfast, ensuring that everyone has a place to call home.
About People Restoring Communities
Founded in 1971, People Restoring Communities operates as a native real estate firm that is both family-run and dedicated to transforming living conditions for families. With a fully integrated construction team, they provide in-house services that cover development, design, construction management, and architectural services, ensuring that every project echoes their commitment to community enhancement.
Frequently Asked Questions
What does the rebranding of PRC signify?
The rebranding to People Restoring Communities reflects the company's commitment to enhancing affordable housing on a national level while maintaining its core values.
Who are the key leaders of the company?
Matthew Linde serves as Principal and CEO, while Benjamin Linde acts as Principal and COO, both committed to leading the firm's growth.
What previous projects has PRC completed?
PRC has developed or preserved over 20,000 units, translating to approximately $1.75 billion in assets.
How is PRC expanding beyond New York?
The company has made its first acquisition outside of New York with the Paulsboro Gardens Apartments and has plans for projects in various national cities.
What are PRC's core values?
PRC believes housing is a human right and strives to provide high-quality homes for individuals regardless of income.
