Burlington Senior Housing: LIHTC Portfolio Sale in VermontKyle Shoemaker
Affordable Housing Investment Brokerages, Inc. (AHIB) represented the seller of the 191-unit portfolio made up of three properties, Hawk’s Nest, Falcon Manor and Eagle Crest near Burlington, Vermont. Each of the properties serves independent senior tenants and were developed under the Section 42 Low Income Housing Tax Credit program (LIHTC).
The offering provided a unique opportunity to enter the Burlington market with economies of scale across three well-maintained properties with sustained excellent operations. AHIB was able to procure multiple offers from a variety of buyers, and ultimately the senior LIHTC deal closed in sale to a large, Chicago-based affordable housing owner and developer.