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Business Details
The Company is focused on real estate development, property management, consulting, and construction management services across the Midwest. The Company brings distinct and in depth knowledge of HUD (U.S. Department of Housing and Urban Development) funding programs such as Affordable Low-Income Housing Tax Credits (4% & 9%), City HOME, Community Development Block Grant (CDBG) Funding, FHLBI AHP, tax increment financing (TIF), and other mixed-income and affordable housing funding sources. Their primary revenues are derived from construction management advisory fees, development fees, property management fees, as well as the proceeds from the sale of its projects. The Company utilizes specific, co-owned, “Project Companies” organized as independent LPs or LLCs.
Investment Appeal
- One-Stop Shop: Through long-standing partnerships internally and externally, the Company will innovatively execute processes throughout all phases of the development, construction, and property management. They are vertically integrated but also have external relationships to be able to scale Nationally.
- Opportunity Zones Program: The Company is at the forefront of a new community investment program called The Opportunity Zones. The Opportunity Zones Investment Program supports the connection of private capital with low-income communities and urban revitalization. • Unique and Unmatched Expertise – HUD and Tax Credit Programs: The Company brings extensive expertise in HUD funding programs such as Section 42 Low-Income Housing Tax Credits – both at the 4% and 9% levels. Their team has a unique understanding of each state’s qualified allocation plan and affordable housing construction management processes and procedures. They also have familiarity with HUD’s operating sources such as Project Based Vouchers, Continuum of Care funding, RAD conversions, and ACC subsidy. In expanding and diversifying its portfolio, The Company brings expertise in the areas of TIF financing, tax abatements, Bond funding, New Market Tax Credits, and Historical Tax Credits, in addition to conventional capital sources.
Real Estate
6,900 sq. ft. facility
Location:
Midwest U.S.
Employee:
24 full-time employees • 4 part-time employees
Growth & Expansion:
Capital Expansion
Geographic Expansion
Marketing Development
Seller Financing:
No
Support & Training:
Management is willing to remain through a transition period of 1-4 years, in order to preserve operational cohesiveness.
Owner Involvement:
Reason for Selling:
A well-capitalized and experienced buyer is desired to guide the Company through future growth prospects. Ideally, the owner would like to remain with the Company at the discretion of a prospective acquirer in order to execute growth initiatives. An acquisition would enable the Company to capitalize on growth opportunities and introduce financial and operating knowledge necessary to conduct expansion programs.
Multi-Family Real Estate Development & Construction Services
Asking Price:
Gross Income: $3.15M
Location: Midwest U.S.
