What Camber Property Group does

Camber Property Group is a New York City-based private real estate development and investment firm founded in 2016, specializing in affordable and mixed-income housing. The firm operates with a headcount of 11-50 employees and is concentrated exclusively in the New York City market, working in partnership with city government agencies — notably the NYC Department of Housing Preservation & Development, the NYC Department of Parks & Recreation, and the NYC Department of Environmental Protection — to develop housing on publicly-owned land. Its active pipeline includes the Hudson Mosaic project, announced in December 2025 with co-developers Services for the UnderServed and Essence Development, comprising nearly 280 affordable apartments and a recreation center designed by Herzog & de Meuron on a DEP-owned lot.

The firm's business model combines development, asset management, and portfolio disposition. Camber acquires or co-invests in housing portfolios, develops and stabilizes them over multi-year holds, and periodically sells stabilized assets to institutional buyers. Its most prominent historical asset was an eight-building affordable and mixed-income portfolio in Prospect Park, Brooklyn (387 units across 412,000 square feet), acquired in 2020 with Belveron Partners for approximately $90 million and sold in March 2026 to a Star Realty Corporation affiliate for $79.9 million — a realized loss on the original investment. Revenue mechanics center on development fees, long-term asset management, property appreciation, and gains or losses on portfolio sales; transactions are custom and quote-based rather than standardized.

Camber's go-to-market is relationship-driven: it pursues projects through direct engagement with NYC agencies on city-owned land RFPs, co-invests with private equity partners such as Belveron Partners to acquire portfolios, and exits to institutional real estate investors. The firm does not operate a consumer-facing platform, does not publish standardized pricing, and has no disclosed productized technology offerings. Its strategic posture is currently in transition — divesting its legacy Prospect Park portfolio while launching a new high-profile development consortium for Hudson Mosaic.

Name

Camber Property Group

Website

https://camberpg.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Camber Property Group is a New York City-based private real estate developer focused on affordable and mixed-income housing, partnering with NYC government agencies to build on city-owned land and selling stabilized portfolios to institutional investors.

Ownership category

akta.pro rank

Product category

Affordable Housing Real Estate Development

NAICS

Real Estate and Rental and Leasing (53), Lessors of Real Estate (5311)

SIC

Investors, Nec (6799), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Affordable housing development
• Mixed-income housing
• Real estate development
• Multifamily property investment
• Housing portfolio management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Real Estate Development: Camber develops affordable and mixed-income housing projects in partnership with NYC government agencies. Revenue is generated through development fees, property appreciation, and long-term asset management.
2. Property Sales: The company generates revenue through the sale of completed or stabilized housing portfolios to institutional investors. Recent transaction: sold 8-building portfolio to Star Realty Corporation for $79.9 million.
3. Joint Venture Investment: Camber co-invests with partners like Belveron Partners in acquiring and repositioning housing assets. The 2020 co-acquisition with Belveron for approximately $90 million demonstrates this investment model.

Go-to-market motion1 record

Distribution channels2 records

Core offering

Camber Property Group is a New York City-based real estate development and investment firm that acquires, develops, and manages affordable and mixed-income multifamily housing portfolios. The company partners with NYC government agencies (HPD, NYC Parks, DEP) and nonprofit co-developers to execute projects such as Hudson Mosaic (nearly 280 affordable apartments), and transacts stabilized portfolios with institutional investors such as Star Realty Corporation.

Product overview

Camber Property Group is a real estate development and investment firm. Based on the source data, the company focuses on affordable and mixed-income housing development in New York, managing property portfolios and undertaking development projects such as the Hudson Mosaic project in partnership with Services for the UnderServed and Essence Development. The company also engages in property transactions, having sold an eight-building portfolio in Prospect Park, Brooklyn to Star Realty Corporation.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Development Development of subsidized, income-restricted multifamily housing in New York City, delivered in partnership with NYC government agencies (HPD, NYC Parks, DEP) and nonprofit co-developers such as Services for the UnderServed. Designed for low- and moderate-income tenants in supply-constrained urban markets.
• Mixed-Income Housing Development Development and management of multifamily housing combining subsidized and market-rate units in a single community. The Prospect Park portfolio in Brooklyn (acquired 2020 with Belveron Partners) exemplified Camber's mixed-income platform prior to its March 2026 sale to Star Realty Corporation for $79.9 million.
• Housing Portfolio Acquisition and Disposition Sourcing, underwriting, acquiring, repositioning, and disposing of affordable and mixed-income housing portfolios in New York City. Acquisitions are typically executed with capital partners (e.g., Belveron Partners) and dispositions are sold to institutional real estate investors (e.g., Star Realty Corporation).

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor and core.

• Star Realty CorporationminorChannel Partner/ Reseller/ Distributor · 2 March 2026Star Realty Corporation affiliate purchased the eight-building Prospect Park portfolio from Camber for $79.9 million, representing a property disposition.
• Services for the UnderServedcoreStrategic or Co-development Partner · 18 December 2025Camber Property Group is partnering with Services for the UnderServed to develop Hudson Mosaic on a DEP-owned lot. The project will include nearly 280 affordable apartments and a recreation center designed by Herzog & de Meuron.
• Essence DevelopmentcoreStrategic or Co-development Partner · 18 December 2025Camber and Essence Development are co-developing the Hudson Mosaic project alongside Services for the UnderServed, combining housing development expertise with government agencies.
• NYC Department of Housing Preservation & Development (HPD)coreStrategic or Co-development Partner · 18 December 2025HPD is the lead government agency announcing and supporting the Hudson Mosaic development, providing regulatory approvals and potentially subsidy funding for the nearly 280 affordable apartments.
• NYC Department of Parks & RecreationcoreStrategic or Co-development Partner · 18 December 2025NYC Parks is collaborating on the Hudson Mosaic project to integrate recreational amenities with affordable housing on the DEP-owned lot.

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• L+M Development Partners: L+M Development Partners is a New York-based affordable and mixed-income housing developer that partners with HPD and other city agencies on large multifamily projects. Highly comparable to Camber in geography, product type, and government partnership model, though at significantly greater scale.
• Phipps Houses: Phipps Houses is one of NYC's largest nonprofit affordable housing developers, building and managing multifamily affordable housing in partnership with HPD. Directly comparable to Camber's affordable housing development focus and NYC geographic footprint.
• Jonathan Rose Companies: Jonathan Rose Companies is a mission-driven real estate developer focused on affordable and mixed-income housing across multiple US cities, including NYC. Comparable to Camber in affordable housing specialization and mixed-income development approach.
• Dunn Development Corp: Dunn Development Corp is a NYC-based developer of affordable and supportive housing that partners with HPD and nonprofit service providers. Directly comparable to Camber in size, NYC focus, affordable housing product type, and partnership with nonprofit co-developers.
• BFC Partners: BFC Partners is a Brooklyn-based affordable and mixed-income housing developer working extensively with HPD on multifamily rental developments. Comparable to Camber in NYC geography, affordable/mixed-income product, and HPD partnership model.
• Arker Companies: Arker Companies is a NYC-based developer specializing in affordable and supportive housing, often partnering with HPD and nonprofit service providers. Comparable to Camber in NYC focus, affordable housing product, and co-development model with nonprofit partners.
• Breaking Ground: Breaking Ground is a NYC nonprofit developer and operator of supportive and affordable housing, partnering with HPD and city agencies. Comparable to Camber in affordable housing development and NYC focus, with deeper supportive housing specialization.

Broad incumbents

• Habitat for Humanity New York City: Habitat for Humanity NYC is a larger nonprofit developer of affordable housing in NYC, working with HPD on multifamily and homeownership projects. More established and broader-scope than Camber but operating in the same affordable housing development category.

Others

• Belveron Partners: Belveron Partners is a real estate investment firm focused on affordable housing and workforce housing. Comparable as a capital partner/investor in Camber's Prospect Park acquisition rather than a direct competitor, but operates in the same affordable housing investment space.
• Community Preservation Corporation: CPC is a NYC nonprofit affordable housing lender and developer that finances and builds multifamily affordable housing. Comparable as a capital provider and affordable housing developer in NYC, though more lender-focused than Camber's development model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Camber Property Group