Affordable Housing Investment Brokerage, Inc. Sells 80 Unit LIHTC Property and Remaining Tax Credits in under Four Months
Glen Ellyn, IL (PRWEB) July 22, 2013 -- On July 12, 2013, Affordable Housing Investment Brokerage, Inc. represented DCR Mortgage Fund III in the sale of the Fairview Park Apartments to the Whitsett Group. Fairview Park is an 80 unit, Section 42 Low Income Housing Tax Credit (LIHTC) property located in Anderson, Indiana. The deal included both the real estate and approximately $840,000 of its remaining tax credits. Affordable Housing Investment Brokerage, Inc. procured multiple offers on the property after a marketing period of less than one month, and achieved a final sale price of $1,750,000. The buyer closed the transaction in 66 days.
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.
For more information about this transaction or other Affordable Housing Investment Brokerage, Inc. sales, contact:
Kyle Shoemaker, Managing Director
P: (630) 405-6500
E: shoemaker(at)ahibinc(dot)com
http://www.ahibinc.com
Kyle Shoemaker, Affordable Housing Investment Brokerage, Inc., http://www.ahibinc.com, +1 (630) 405-6500, [email protected]
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