Two units will be market rate while the other 31 will be restricted to seniors earning between 30% and 60% of the area median income. 2023 France Publications, dba France Media Inc. Midwest Multifamily & Affordable Housing Business, Northeast Multifamily & Affordable Housing Business, Southeast Multifamily & Affordable Housing Business, Texas Multifamily & Affordable Housing Business, Western Multifamily & Affordable Housing Business, Olympus Property Purchases 203-Unit Apartment Community in Savannah. Pinnacle is a provider of third-party property management services for multifamily residential communities. Cadence Bank provided $10.9 million as a construction loan. Select Accept to consent or Reject to decline non-essential cookies for this use. After an exceptional career spanning more than three decades, Gary Sapp, President of Development for Southwest U.S. real estate projects for Hunt Development Group and Executive Vice President of Hunt Companies, Inc., will retire effective May 1, 2023. Sinceitsinception in 2010, HCP has raised over $3 billion in tax credit equity in over 48 proprietary and multi-investor funds. Through the Historic Tax Credit (HTC) programs, we help developers rehabilitate, revitalize and reuse historic buildings. Andrea Lau - Real Estate Developer - Freelance | LinkedIn Since then, the factory has been used as a police department and jail, city offices and the Oren Dunn Museum. HCP specializes in the syndication of Federal and State Low-Income Housing, Historic and Solar Tax Credits. (818) 380-6100, Hunt Capital Partners is a subsidiary of Hunt Companies, 2023 Hunt Capital PartnersAll rights reserved, Design by Decker Design, Inc + Code by MANYFOLD. The Carnation Milk Plant opened its doors in 1927 to a celebratory parade with a crowd of approximately 20,000 people in attendance. The scope of renovations include fully transforming the building into a multifamily property with one- and two-bedroom units as well as common area spaces. The Carnation Milk plant opened in 1927 and was operational through 1972. Hunt Capital Partners recognizes that its institutional investors are seeking to increase the social value of their investments to help further their ESG initiatives. Hunt Capital Partners recognizes that its institutional investors are seeking to increase the social value of their investments to help further their ESG initiatives. Century Construction Group, Inc. is the general contractor. Hunt Capital Partners and Intervest Corporation Transform Renowned The site owner may have set restrictions that prevent you from accessing the site. Avanta is active in Texas, Florida, Georgia, and Colorado. Cloudflare is currently unable to resolve your requested domain. One of the most significant benefits to providing quality affordable housing is an increase in an individuals physical and mental health. That's the largest real estate or private equity drawdown fund ever raised. Rehabilitation work is underway and scheduled for completion in July 2023. The scope of renovations include fully transforming the building into a multifamily property with one- and two-bedroom units as well as common area spaces. Learn More For Investors Our investment partners include, among others, banks, insurance and technology companies. When families spend less on housing related expenses, they have more resources available for other essentials such as food and clothing, or even extracurricular activities and educational programs.
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