Raynor Capital Management sourced and arranged the off-market sale, all of which is located within a 10-block radius in West Palm Beach, Florida. All of the units are preserved and maintained as affordable housing by the City of West Palm Beach. The portfolio offered a buyer the rare combination of fully stabilized, government-backed income in a market experiencing significant capital appreciation and neighborhood transformation. Raynor procured a West Palm Beach-based real estate private equity firm as the buyer — marking the firm's first acquisition in the West Palm Beach market. The buyer has continued to purchase more assets in the area and has become one of the largest owners in the neighborhood.