Value-Add Opportunity
• Recent 610 Amendment to existing regulatory agreement allows for significant revenue growth
• 42% of units occupied by voucher tenants (78 TBVs)
In-Place Debt
• $30.4M in existing debt at a 3.25% interest rate maturing on 12/1/2027
Long Term Tax Benefit
• 2.5% Gross Rent Tax in place until 2060
Mission Driven Housing
• Article XI Regulatory Agreement in place until 2060 - Servicing tenants from 45% - 110% AMI
Location & Accessibility
• Portfolio encircles the iconic Jackie Robinson Park, offering a vibrant and historic setting
Scale & Configuration
• Five (5) Building, 184-unit Portfolio located within 1/2 mile radius of each other
Transportation
• A, B, C, D