Senior Archives - Affordable Housing Investment Brokerage

Our Lady of the Lake-Senior PRAC and 202 HAP-Baton Rouge-LA-262units

262-Unit Senior PRAC and 202 HAP Sale: $17.82 Portfolio in Baton Rouge

Affordable Housing Investment Brokerages, Inc. (AHIB) is pleased to announce the closing of the Lady of the Lake senior HUD housing portfolio, comprised of four properties, Chateau Louise, Villa St. Francis, Assisi Village, and Calais House in Baton Rouge, Louisiana. The campus is comprised of five adjacent buildings, three properties operating under PRAC contracts, one operating with a HAP contract under the HUD 202 program, and the fifth that serves as an office and community center. AHIB procured multiple offers [...]

Burlington-LIHTC-Vermont Portfolio-Burlington-Saint Albans-Vermont

Burlington Senior Housing: LIHTC Portfolio Sale in Vermont

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 [...]

February 17, 2023 By Kyle Shoemaker LIHTC, Sell LIHTC Property, Sell Section 42 Property Burlington, Senior, Vermont Comments Off

Valkommen Plaza: Independent Senior Apartments Sale in Illinois

Affordable Housing Investment Brokerage, Inc. (AHIB) represented the seller of the 171-unit Valkommen Plaza, an independent senior apartment building operating with a HAP contract. Valkommen Plaza is a nine-story, elevator building with commercial spaces on the first floor, providing excellent amenities including a beauty salon, police sub-station and grocery for the local community of downtown Rockford, Illinois. Rockford, Ill., boasts a population of 150,000 just 70 miles northwest of Chicago on Interstate 90. Officials just announced a $200M planned [...]

February 6, 2023 By Kyle Shoemaker Sell HAP Contract Property HAP, Illinois, LIHTC, Rockford, Sale, Senior, Valkommen Plaza Comments Off

Creekside Village-Senior LIHTC-Monroe-Michigan

Creekside Village: Independent Senior Property Sale in Michigan

In December 2022, AHIB closed on 77 LIHTC Independent Senior Units in Monroe, Michigan. The fenced in garden community known as Creekside Village was developed with the Low Income Housing Tax Credit (LIHTC) and placed in service in 2004. Creekside Village units provide personal front yards and backyards in a calm neighborhood near medical centers and pharmacies ideally suited for independent senior living. All common areas, units and hallways are senior-friendly, with ample space to accommodate mechanical aids (wheelchairs, walkers, [...]

January 13, 2023 By Kyle Shoemaker LIHTC, Sell LIHTC Property, Sell Section 42 Property Creekside, LIHTC, Michigan, Monroe, Sale, Section 42, Senior Comments Off