Healthcare giant Kaiser buys Oakland building for affordable housing
Published by SF Curbed
January 2019
The Oakland-based healthcare giant Kaiser Permanente announced a surprise entry into the housing sector Wednesday, a gesture that the company frames as a health-related move by way of cutting back on housing insecurity.
According to a company announcement, “an approximate $5.2 million has been committed to acquire a 41-unit housing complex in East Oakland, near Kaiser Permanente’s national headquarters” for affordable housing purposes.
Kaiser identifies the building as the Kensington Gardens Apartments on 26th Avenue, a circa-1928 building that previously sold in 2015 for $4.15 million.
Read the full article >Categorized under: Media