McClure GenX Capital Partners Close Equity for $5MM Affordable Housing Acquisition
Miami based GenX Capital Partners underwrote $1.1MM in JV equity for client acquisition of Moore Manor apartments in Armory, MS.
MIAMI, May 10, 2018 (Newswire.com) - Millennia Companies, the fourth largest Affordable Housing operator in the United States, recently closed on the acquisition of Moore Manor apartments in Armory, MS. Millennia Companies owns and manages 30,000 apartments (75% Affordable/25% Market Rate) in 26 States and is the leading recipient in the country for LIHTC. GenX Capital Partners managing partner, Mark McClure, helped secure the required LP equity with one of its partner funds, making it the sixth equity deal in nine months it has closed for Millennia.
GenX Capital is a boutique real estate investment banking firm out of Miami, Florida that underwrites LP/GP equity and bridge debt for select sponsors while also acquiring distressed assets to develop/redevelop for its own account. www.GenXCP.com
Source: Millennia Companies
Categories: Mortgages and Loans