Acquisition Criteria:
We are continually looking for acquisition opportunities for our portfolio. While specific criteria are outlined below don’t hesitate to reach out to any of the members of our Acquisition & Development team if you are re-evaluating your portfolio which may include selling an existing asset or acquiring assets. We have the experience and expertise to execute complex transactions in a timely manner.
Programs we have worked with include but are not limited to:
- Low Income Housing Tax Credits (LIHTC);
- Historic Tax Credits;
- State Housing Tax Credits (various States);
- Tax Exempt Bonds (Private Activity Bonds – PAB’s);
- FHA Insured Financing programs (Taxable and tax-exempt);
- HUD Financing programs;
- USDA Financing programs;
- Conventional financing programs.
What we are looking for - Property criteria:
- Affordable Housing Properties:
- Section 8 elderly properties (may also consider family properties) that might be able to utilize tax credits that have not gone through their 15 yr. tax credit compliance period and/or where we could utilize historical tax credits (either State or Federal credits);
- Marked to Market Properties (M2M) – Either Pre-M2M or Post M2M.
- Conventional Apartment Communities.
Acquisition target size:
- 70 units plus, per development
Geographic range:
- National
Methods of acquisition
- Purchase property outright;
- Purchase of the General Partner Interest; or
- Purchase of the Limited Partner Interests.