Low Income Housing
Market History and
Opportunity

Investment
Strategy

Critical
Housing Needs

LIHTC:
First Ten Years

Category B and C
Properties

Affordability
Sector of the
Housing Market

Consumer Trends

Political Trends

Target Market
Critical Requirements

Active Housing
Finance Agency
Environment

Investment Strategy
The Company’s targeted property investment criteria will include:

• Target IRR of greater than 15% to the investors
• Concentration on states where the Manager has strong developer contacts
• Principally "Class B" and "Class C" LIHTC properties with strong condominium conversion value-add potential
• Properties that are being purchased for prices below property replacement costs
• Locales with active Housing Finance Agencies
• Projects with acceptable consumer affordability matrixes
• Projects ranging in size from 100 to 400 units
• Solid tenant base of potential buyers

Initial states of interest include Florida, Louisiana, Mississippi, Texas, Ohio, Georgia, Alabama and Tennessee.