Acerca de Este Proyecto
On January 30, 2023, Willton successfully acquired a majority membership interest in a substantial LIHTC (Low-Income Housing Tax Credit) portfolio from a leading national owner-operator of Section 8 affordable housing to reposition the properties for a future LIHTC renovation program. The portfolio comprises 1,155 units spread across ten properties located in Ohio, Michigan, and West Virginia. As of 2022, the appraisal valuation of the portfolio, excluding any future renovation considerations, stands at nearly $100 million.
Drawing upon its extensive network and deep market knowledge, Willton utilized its established relationships to successfully navigate and execute this intricate transaction. This strategic move demonstrates Willton’s ability to capitalize on opportunities and ensures the generation of appealing risk-adjusted returns. The projected sale date for Willton’s investment is set for 2028, aligning with the portfolio’s eligibility for a HUD capital improvement program.