David Lichtenstein Announces Aspen Riverpark Apartments Receives Superior Rating from New Jersey Housing and Mortgage Finance Agency

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Aspen Riverpark Adheres to the U.S. Department of Housing and Urban Development Housing Program Guidelines

“The Lightstone Group strives to provide the highest standard in affordable housing, and it’s wonderful when our complexes are recognized for their excellence,” said Lichtenstein.

David Lichtenstein, CEO and founder of The Lightstone Group today announced that one of the residential properties they manage, Aspen Riverpark Apartments in Newark, N.J., has received a superior rating from the New Jersey Housing and Mortgage Finance Agency.

Specifically, the rating applies to the Housing Assistance Payment Contract. A superior rating verifies that Aspen Riverpark has established procedures which successfully adhere to the U.S. Department of Housing and Urban Development housing program guidelines.

The apartment complex received superior ratings on general appearance and security, maintenance and standard operating procedures, tenant services and general management practices. Aspen Riverpark was also above average in the follow-up monitoring of project inspections.

“We’re thrilled about the superior rating for Aspen Riverpark,” said Lichtenstein. “The Lightstone Group strives to provide the highest standard in affordable housing, and it’s wonderful when our complexes are recognized for their excellence.”

About The Lightstone Group
The Lightstone Group is one of the country’s largest privately held real estate companies with interests in residential, office, retail and industrial real estate assets throughout the United States. For more information, visit http://www.lightstonegroup.com.

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Cassandra Carpio

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