Towne Square

Description

A 160-unit LIHTC property, located in Boise, Idaho. Capital improvements of over USD 500,000 have been completed as part of a strategy to add value to the property and drive higher rents at 50% of the non-rent restricted units. Attractive fixed rate financing is in place. The strategy is to maintain the property, drive rent growth, lower operating expenses and deliver consistent yields for the long term.

City
Boise
State
Idaho
Aquisition date
February 2016
Number of units
160
Surface area
10421 m2
Fair value
10.24 Mio USD