Cincinnati, Ohio (PRWEB) May 07, 2014
On Wednesday, April 15th, 2014, Affordable Housing Investment Brokerage, Inc. represented a private family in the sale of the Pendleton Apartment Portfolio to a west-coast based exchange buyer. The Pendleton Portfolio is a 78 unit, Project-Based Section 8 property located in downtown Cincinnati, Ohio. Affordable Housing Investment Brokerage, Inc. procured the offer after being retained by the seller on a confidential basis. The final sale price was $4,150,000.
Affordable Housing Investment Brokerage, Inc. was founded by Kyle Shoemaker in February 2013 after identifying a need for an investment brokerage company dedicated to the specific needs of the affordable housing industry. Driven by a passion for maximizing client wealth and serving an industry that provides a vital
social need, AHIB's principals have sold over $1 billion in niche real estate investments, including Project Based Section 8, Section 42, and HUD-financed properties.