Strengthening Portfolio Performance Through Strategic Assessment
Saint Joseph’s Carpenter Society (SJCS), in partnership with NeighborWorks Capital Consulting, undertook a strategic review of its 88-unit scattered-site rental portfolio to better understand the risks and opportunities within its aging assets. As a recognized leader in neighborhood revitalization in Camden, New Jersey, SJCS needed a clear, data-driven roadmap to guide reinvestment, improve property performance, and support long-term sustainability.
The portfolio, primarily developed in the 1990s, has long supported SJCS’s mission of providing stable, affordable housing and contributing to neighborhood stability in East Camden. Over time, however, the properties had reached a point where deeper rehabilitation and reinvestment were needed to ensure long-term viability.
“NeighborWorks Capital worked with us to evaluate our full portfolio,” said Pilar Hogan Closkey, Executive Director of Saint Joseph’s Carpenter Society. “Nancy offered us much-needed and objective insight to review each property and come up with a plan. In some cases, our thoughts were validated, and in others, we had to pivot. But we are now on a path to a more stable and efficiently run operation with some suggestions on how to grow and preserve.”
NeighborWorks Capital Consulting worked closely with SJCS to evaluate financial performance, property conditions, and organizational operations. Through financial analysis, site assessments, and interviews with staff and leadership, we identified both challenges and high‑value opportunities. Several properties emerged as candidates for disposition, while others showed strong potential for improved net operating income through targeted upgrades. We also developed a recapitalization strategy for SJCS’s largest property group and outlined pathways for future growth, including potential portfolio expansion and third‑party management.
This work culminated in a clear, actionable roadmap that helps SJCS make strategic reinvestments, optimize operations, and balance financial sustainability with its community development mission. Together, these insights position the organization for stronger performance and thoughtful growth.
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Continue the Story
This story first appeared in our 2025 Annual Report. Discover how NeighborWorks Capital Consulting is supporting affordable housing, and explore additional stories, impact, and highlights from the year in our full report. Â
