INVESTMENT HIGHLIGHTS
Multi-Family LIHTC Property Offering One and Two Bedroom Apartments with a Variety of Unit and Community Amenities
Strong AMI Growth in the County with an 6.84% Increase in 2022
Kenai Peninsula County has Experienced Excellent FMR Growth on One and Two Bedrooms with an Overall Increase of 10.04% in 2023
Conveniently Located Just off Kenai Spur Highway, the Main Thoroughfare in Town Providing Quick and Easy Access to Shopping, Schools, Dining, and Outdoor Recreation
EXECUTIVE SUMMARY
Aurora Vista is a 24-unit affordable housing community located in Kenai, AK. The property is minutes from major retail venues that include Safeway, The Home Depot, and Walmart Supercenter, as well as dining, major transportation arteries, schools, and the Kenai Muni Airport.
The property was built and placed in service in 2005 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which require all units to be rented to income qualifying residents earning no more than 50% of Area Median Income (AMI) limits, which are provided by the Georgia Housing and Finance Authority. The property is beyond its initial compliance period.
Aurora Vista is comprised of one and two bedroom units featuring spacious floorplans, energy star appliances, a patio/balcony, and central A/C and heat. Community amenities include an on-site laundry facility and a playground.
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AMENITIES
• On-Site Laundry Facility
• Playground
• Convenient Location
APARTMENT FEATURES
• One & Two Bedroom Floorplans
• Energy Efficient Appliances
• Patio/Balcony
• Central A/C & Heat
THE ASSET
GALLERY
104 N. Gill St. - Kenai, AK 99611
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104 N. Gill St. - Kenai, AK 99611
AURORA VISTA
2007
BUILT
29,176
SQ FT
48
UNITS
The Opportunity
The Asset
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JANE DOE
Associate Director
Multifamily Housing
901.425.1829
first.last@berkadia.com
JANE DOE
Associate Director
Multifamily Housing
901.425.1829
first.last@berkadia.com
MORTGAGE BANKING
BOISE OFFICE
6225 North Meeker Place
Suite 210
Boise, ID 83713
CONTACT US
About
Why Us?
Floorplans
Pricing
Design
Work Plan
The Team
• Central A/C & Heat
• One & Two Bedroom Units
• Energy Star Appliances
• Patio/Balcony
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
JANE DOE
Associate Director
Multifamily Housing
901.425.1829
first.last@berkadia.com
FRED DOCKWEILER
Managing Director
Mortgage Banking
503.261.3668
fred.dockweiler@berkadia.com
MORTGAGE BANKING
JORDAN SKYLES
Director of Operations
Affordable Housing
208.631.4981
jordan.skyles@berkadia.com
JEFF IRISH
Senior Managing Director
Affordable Housing
208.286.5013
jeff.irish@berkadia.com
INVESTMENT SALES
MIKE TERRY
Director
Affordable Housing
425.761.1640
mike.terry@berkadia.com
ADAM TOMBERG
Director
Affordable Housing
425.999.1152
adam.tomberg@berkadia.com
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
