Affordable Housing Investment Brokerage, Inc. Sells 78 Unit Project-Based Section 8 Property in Off-Market Deal

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Affordable Housing Investment Brokerage, Inc. represented the seller of the 78 unit Pendleton Portfolio in Cincinnati, Ohio. The property consisted of 13 buildings in one neighborhood covered by a single Project-Based Section 8 contract.

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.

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