Meyer Orbach’s Orbach Affordable Housing Solutions Makes Major Strides in Expanding Affordable Housing Nationwide, Investing Over $309 Million Thus Far in 2024

Meyer Orbach, the driving force behind Orbach Affordable Housing Solutions (OAHS), has significantly expanded his company’s reach by acquiring over 870 affordable housing units across three key states: California, North Carolina, and Ohio. Over the past six months, OAHS has strategically targeted properties in need of rehabilitation, investing heavily to enhance the quality and sustainability of affordable housing for low-income families.

The expansion includes prominent acquisitions in California, where OAHS added Ocean View Gardens and Playa del Alameda, both located in Alameda County. These deals, which closed in June 2024, include a combined total of 102 family units. Meyer Orbach’s focus on these properties underscores his commitment to addressing the affordable housing shortage in urban areas, where demand is particularly high. Planned renovations aim to improve energy efficiency and overall living conditions, reinforcing Orbach’s vision of providing high-quality affordable housing.

North Carolina has also been a focal point for Orbach’s recent activities, with the acquisition of three family properties: Salem Gardens Apartments in Forsyth County with 149 units, Fayetteville Gardens Apartments in Cumberland County with 100 units, and Tidewater Townhomes in New Hanover County, comprising 104 units. These properties, acquired between December 2023 and April 2024, represent a combined rehabilitation investment of over $23 million. By revitalizing these communities, OAHS aims to ensure that affordable housing remains accessible, modern, and sustainable.

In Ohio, Orbach’s portfolio grew with the addition of Macarthur Park Apartments in Hamilton County and Beechwood Villa Apartments in Clermont County. Together, these properties offer 269 family units and were acquired in early 2024. The rehabilitation plans in Ohio include significant upgrades to meet contemporary standards of comfort and efficiency, with nearly $15 million dedicated to these improvements. Orbach’s efforts in Ohio highlight a commitment to improving affordable housing options in diverse regional markets.

Adding to this robust expansion, OAHS recently closed on Promenade I & II in Pleasanton, California, on August 28, 2024. This property in Alameda County adds 146 units to the portfolio, with total acquisition costs exceeding $23 million. The inclusion of Promenade I & II is a strategic move to strengthen OAHS’s foothold in California’s competitive housing market, further demonstrating Orbach’s dedication to expanding affordable housing options in high-need areas.

Across all these acquisitions, Meyer Orbach has emphasized the importance of long-term investment in communities. Nearly $48 million has been allocated for rehabilitation across the portfolio, with total development costs reaching over $286 million. Orbach’s approach goes beyond mere acquisition; it’s about transforming properties into vibrant, safe, and sustainable communities for families.

“We are deeply committed to making a meaningful impact in the lives of the families who call our properties home,” said Meyer Orbach. “Our investments are not just about providing affordable housing but about creating spaces that enhance the well-being and stability of entire communities.” Orbach’s dedication to affordable housing is evident in every project, from energy-efficient upgrades to comprehensive property management strategies that prioritize resident satisfaction.

Orbach Affordable Housing Solutions, a key player under The Orbach Group, now owns and manages over 8,000 multifamily units nationwide. Under Meyer Orbach’s leadership, the company continues to set a benchmark in the affordable housing sector, focusing on preserving housing stock, improving living conditions, and ensuring that families across the country have access to safe and affordable homes. With ongoing projects and future acquisitions in the pipeline, OAHS remains at the forefront of affordable housing initiatives in the United States.