Multiple

• Affordable Housing Investment Opportunity: The Greater Cincinnati Portfolio is comprised of 8 properties totaling 323 units. The Portfolio is 99% supported by Project-Based Section 8 HAP contracts, making all tenant rents across the portfolio heavily subsidized by the federal government and providing a stable stream of revenue when fully leased.
• Desirable Location: The majority of the Portfolio is located within a 10–15-minute drive from the Rhine district which has spark a revitalization in downtown Cincinnati and is a 25-minute drive to the Cincinnati/Northern Kentucky International Airport. The Portfolio is also located next to Xavier University and the University of Cincinnati.
• Strong, Growing AMI: Hamilton County, OH saw a 16.04% increase in its AMI bringing the number to $99,100 and has experienced an average growth rate of 5.96% over the last five Years. Accompanied with the income growth, the Gross LIHTC Rent saw a 14.85% increase to an average of $1,338, indicating strong potential for continued growth.
• Growth Opportunity: There is material opportunity for new ownership to raise rents up to market levels. This offering takes advantage of economic benefits from being located in major metropolitan city with strong income and rent growth.

Property Description