Meadows-at-Grand-Lake-Section-42-LIHTC-Celina-Ohio

Year 15 LIHTC Property Sells for Sub 4% Cap Rate

After a few short weeks of marketing, a year 15 LIHTC property sells by the team of AHIB and DTZ’s Cincinnati multifamily group procured seven offers on a Section 42 Low Income Housing Tax Credit property in Celina, Ohio, for Miller Valentine.  The property, named the Meadows at Grand Lake, had recently exited its initial 15 year LIHTC compliance period and the developer client successfully bought their limited partner’s interest.  After pricing the asset appropriately, the marketing team produced several [...]

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Fairview-Park-Section-42-LIHTC-Anderson-Indiana

Sale of Section 42 Low Income Housing Tax Credit (LIHTC) Property and Remaining Low Income Housing Tax Credits (LIHTCs)

In July of 2013, AHIB completed the Sale of Section 42 Low Income Housing Tax Credit (LIHTC) Property and Remaining Low Income Housing Tax Credits (LIHTCs) at the Fairview Park Apartments in Anderson, Indiana. The eighty unit project was sold for the first mortgage holder and included $840,325 in remaining tax credits. AHIB produced multiple offers within two weeks of marketing. A deal was negotiated with one who closed the transaction after a sixty-six day escrow period. The buyer was [...]

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