Ohio LIHTC Homes Portfolio

Ohio LIHTC Homes Portfolio

Toledo, mansfield, alliance, OH
Available
  • Property Type: Apartments
  • Property Size: 430,000 SF / 338 Units

Overview

Capstone Apartment Partners is pleased to offer the Ohio LIHTC Homes Portfolio, a LIHTC portfolio consisting of 338 units across the Toledo, Mansfield, and Alliance, Ohio metropolitan areas. With 43 multi-family units and 295 single family homes, the portfolio boasts near-perfect occupancy and presents prospective investors with multiple paths to enticing better-than-market returns: individual asset liquidation, increasing rents to AMI caps, and/or re-syndication of LIHTC tax credits. The portfolio has been well-maintained and most of the assets were constructed in the 2000s, limiting potential deferred maintenance projects compared to similar assets of older vintage. With increasing rent caps, rising single family home values, and a national shortage in housing (let alone affordable housing), investors have the opportunity to acquire rapidly appreciating assets with multiple possible disposition options. 

Investment Highlights

Re-Syndication of Tax Credits

Bring Rents to Maximum Allowable Area Median Income (AMI) Caps

Opportunity to Continue Single Family Liquidation 

Contact Information

Stash Geleszinski, CCIM Managing Director P: 513.506.2872
O: 800.746.3175 ext. 705
stash@capstone-companies.com
Sherief Gouda Senior Advisor P: 513.252.1427
O: 800.746.3175 ext. 708
sherief@capstone-companies.com
Nathan Murphy Senior Advisor P: 513.460.5941
O: 800.746.3175 ext. 707
nathan@capstone-companies.com
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