Deal Closes to Build Student Housing

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John Berger (left) and Colleen Carey, founding principals at Lee & Associates-Pasadena, are joined by associates Trevor Gleason and Mauricio Olaiz and Trevor Gleason after closing a deal to benefit Pasadena City College students who had been experiencing housing insecurity.

First published in the June 16 print issue of the Pasadena Outlook.

Two structures located at 2322 E. Foothill Boulevard in Pasadena will be completely refurbished and transformed into six 375-square-foot studio apartment units to create housing for students attending Pasadena City College who are transitioning out of foster care and experiencing housing insecurity or homelessness.
Heritage Housing Partners partnered with the city of Pasadena’s Housing Department and Pasadena Community Foundation to bring this property acquisition to reality. PCC will support the students with rent subsidies.

Pasadena City College students who have been experiencing housing insecurity will be the beneficiaries of a partnership between Heritage Housing Partners, the city of Pasadena Housing Department and Pasadena Community Foundation after a transaction was closed by Lee & Associates-Pasadena.

“These kids have experienced housing insecurity for so long,” said Charles Loveman, executive director of HHP. “It’s going to be a game-changer for them to have a key, lock their own door and know their possessions and space are safe.”
Colleen Carey, founding principal at Lee & Associates-Pasadena, said it “was a pleasure to be able to bring this opportunity to Bill Huang, director of housing for the city of Pasadena, who then sought the assistance and collaboration of Charles Loveman. Charles stepped in, bringing many partners together to make this opportunity a reality.”
Carey represented Heritage Housing Partners as the buyer. The seller of the property was represented by Mauricio Olaiz and Trevor Gleason, who are with Lee & Associates-Pasadena.
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. For more information, visit lee-associates.com.