Spring Valley Apartments LLC, an affiliate of the Montel, Ltd. and Mountco Construction & Development Corp. (Mountco) closed on the acquisition and rehabilitation of 95 units

Spring Valley Apartments LLC, an affiliate of the Montel, Ltd. and Mountco Construction & Development Corp. (Mountco) closed on the acquisition and rehabilitation of 95 units of family housing with a total development cost of approximately $23,700,000. The project is located in Spring Valley, New York and the rehabilitation work will start in early 2018 and be completed by the end of that year. Mountco is also the general contractor for that project.

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