Cottages of Topeka

Description

A 72 unit LIHTC property designed for seniors. It is located in Topeka, Kansas; the State capitol with high retiree housing demand. Recently refinanced. The property has begun its mult-year transition from rent restriction to market. Although relatively small sized, this asset has little competition and will remain a desirable market rent property generating long term steady-growth yields.

City
Topeka
State
Kansas
Aquisition date
February 2016
Number of units
72
Surface area
6134 m2
Fair value
3.5 Mio USD