A 256-unit, 100% LIHTC family community in a Southeast Dallas submarket, restricted at 60% AMI through 2034. Built across 13 buildings on nearly 14 acres, the property sits minutes from downtown in a submarket that had seen fewer than 1,000 new units reach the market since 2010. The deal's investment thesis sat at a difficult intersection: affordable housing as a premium income play, in a submarket most institutional buyers had overlooked. LIHTC max rents had compounded meaningfully year over year, and the region's affordability crisis ran deep enough to represent a significant undersupply of affordable units. The Offering Memorandum needed to make that structural undersupply legible to a national buyer pool, hold together a complex proforma, and present a stabilizing, well-occupied asset with the confidence its fundamentals warranted.
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