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Standard Communities Nabs Affordable RI Asset

October 23, 2018 / Laura Calugar

Standard Communities has purchased Curtis Arms Apartments, a 106-unit affordable housing community in the Olneyville neighborhood of Providence, R.I. According to Yardi Matrix data, private owner Thomas Deconcilis, a local investor, is the seller of the property. Located at 80 Curtis St., Curtis Arms is less than 3 miles from Providence and 70 miles from Boston. The six-story property encompasses 96 one- and 10 two-bedroom apartments, with an average unit size of 612 square feet. Amenities include a community room, laundry facilities, and 55 parking spaces.