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Security Properties first entered the reasonably priced housing marketplace in 1969 as a syndicator purchasing the development of hundreds of HUD-subsidized multifamily Attributes through The us through the seventies and eighties. It began valuing and getting limited associate passions in its own portfolio in 2000 and more recently launched into a strategy to obtain standard spouse pursuits in LIHTC housing.
On the Park was recognized as an outstanding accomplishment in various parts which include revolutionary funding, distinctive development methodologies, strong general public/private partnerships, and replicability to achieve workforce housing affordability.
"Our goals for the transaction had been twofold: preserving the affordability from the condominium units although maximizing sale proceeds to the seller," states Tim Overland, handling director of inexpensive housing at Safety Properties, A non-public Seattle-based mostly multifamily financial investment team, in a release. "We feel that equally objectives are already fulfilled."Additional
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