Hotel to Housing Specialists

Supportive Housing Properties

For the past three years, the Hotel Investments Team has joined forces with a range of developers, resulting in the successful close of escrow for several hotels within the framework of Project Homekey.

Project Homekey is a State initiative funded by the State of California for the acquisition and conversion of hotels into permanent supportive housing to serve the chronically homeless, people experiencing homelessness, and those at risk of homelessness. The program features individualized supportive services focusing on long-term stability and housing retention that are provided at no cost to the tenant under Housing First and Harm Reduction principles. The initiative prioritizes community and tenant safety while bringing together valuable resources that increase the entire community’s quality of life.