Georgia Archives - Affordable Housing Investment Brokerage

Section 8 Sale in Georgia: Eastman Gardens

Affordable Housing Investment Brokerages, Inc. (AHIB) is pleased to announce the closing of Eastman Gardens, a Section 8 sale in Georgia. Eastman Gardens is a 65-unit community with 100% HAP coverage units featuring well-groomed, stand-alone private garden apartments. AHIB represented the seller in the sale, with multiple offers procured. The deal ultimately closed in January 2025, at a number that resulted in a 6.10% capitalization rate on trailing net operating income.

January 29, 2025 By Kyle Shoemaker News, Sell HAP Contract Property Georgia, Sale, Section 8 0 Comments

Heritage Apartments: 8.45M HAP Sale in Georgia

Affordable Housing Investment Brokerages, Inc. (AHIB) is pleased to announce the closing of the Heritage Apartments, a HAP offering in Griffin, Georgia. Heritage Apartments is a 120-unit community with 94% HAP coverage and 7 market rate units. Griffin is a city within the metropolitan Atlanta area in the Southeast of Georgia, and 33 miles from Hartsfield-Jackson International Airport. At the time of sale, the building was in excellent condition with 98% occupancy. AHIB represented the seller and was able to procure [...]

September 29, 2023 By Bill Brading Sell HAP Contract Property, Sell Section 8 Property Georgia, HAP, Sale Comments Off

To be a successful affordable housing real estate broker you have to be knowledgeable in the industry and know the housing programs. Because AHIB speaks our language, they match us up with buyers that meet our sales price expectations and get us to the closing table. AHIB breaks down complicated HUD/LIHTC transactions to their simplest form. Because of their expertise and valuing relationships, we look forward to working with AHIB to serve our future brokerage needs. .

David ProutPresident - Chesapeake Community Advisors, Inc.

When one of our owners needed to sell an existing low income housing tax credit property in a tough market, with existing tax credits as part of the deal, I immediately knew AHIB and Kyle Shoemaker were the right team for the job. AHIB was very sensitive to the concerns we had for our onsite employees while maximizing our owner’s best interest. Multiple offers at our target price were procured within a few weeks, including buyers who paid full value for the remaining LIHTCs.

Timothy ShaferPresident - HI Management

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