NEW OFFERING – Elevation Senior LIHTC Portfolio – Virginia

The LIHTC Group just announced the offering of the Elevation Senior LIHTC Portfolio in Virginia. These two properties, Serenity Manor at Hollins Mill and Serenity Manor at Liberty, will be sold together.

Serenity Manor at Hollins Mill

• Senior, 56 units

• Lynchburg, VA

Serenity Manor at Hollins Mill is a senior living facility with all tenants being 55+. The property’s Extended Use Agreement expires in 2041 and it currently sits in a Qualified Census Tract. This asset is fully occupied with a history of same. All units are set-aside at 50% of AMI. Offering 1 and 2-bedroom units at an average rent of $743 and $863 per month, respectively.

Serenity Manor at Liberty

• Senior, 47-units

• Petersburg, VA

Serenity Manor at Liberty is a senior living facility with all tenants being 55+. The property’s Extended Use Agreement expires in 2040 and it currently sits in a Qualified Census Tract. This asset is fully occupied with a history of same. All units are set-aside at 50% of AMI and offering a nice mix between 1 and 2-bedroom units. Rents average between $735 and $823 per month, respectively.

For information contact:

Christopher Scanlan at cscanlan@lihtcgroup.com or 800-913-8382

Casey Wellman at cwellman@lihtcgroup.com or 925-759-2342

About The LIHTC Group: The LIHTC Group is a national brokerage and consulting firm that works exclusively with multi-family assets in both the Affordable Housing and Market Rate sector. With offices in Illinois, Florida, and California, The LIHTC Group has far-reaching relationships with both local and national groups. These relationships include pension funds, private family offices, national REITS, and nonprofits, as well as small private investors and syndicators of both Affordable and Market Rate assets. The LIHTC Group uses a proven systematic approach to reaching out to the marketplace in order to maximize value on behalf of their clients — both buyers and sellers.