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 [...]