Regency Place 466306

2501 Red Bud Ln. - Anderson, CA 96007

PROPERTY Stats

98%

Occupancy

2004

Placed in Service

49,140

PROPERTY OVERVIEW

Regency Place is an 81-unit affordable housing community for seniors 55 and older located in Anderson, CA. The property is conveniently situated minutes from major retailers, including Safeway, Walmart Supercenter, and Grocery Outlet. Dining, outdoor recreation, the Frontier Senior Center, pharmacies, and major transportation arteries, including I-5, are nearby as well. The property was built and placed in service in 2004 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 35%, 40%, 55%, and 60% of the Area Median Income (AMI) limits, which are provided by the California Tax Credit Allocation Committee. The property is beyond its initial compliance period and has extended use restrictions in place until 2058. Regency Place offers one and two bedroom apartment homes featuring modern kitchens with a microwave, refrigerator, stove/range, and garbage disposal, central heat/air, and spacious closets. Community amenities include an elevator, clubhouse with fireplace, community library, barbecue area, spa, computer lab with internet access, laundry facilities, open and covered parking, and planned activities year-round.

Senior LIHTC property for ages 55+ with fantastic historical operations, as evidenced by a vacancy rate below 3% over the trailing-12 months Robust AMI Growth in Shasta County with an overall increase of 30.1% since 2020 Shasta County’s population age 65 and older is forecast to grow 15.5% over the next five years, surpassing 55,200 residents Conveniently located near area amenities that include shopping, dining, parks, pharmacies, the Frontier Senior Center, and I-5

INVESTMENT HIGHLIGHTS

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. © 2024 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.

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UNITS

49,140

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Contact

Managing Director 504.722.1999 chris.crump@berkadia.com

Chris Crump

Senior Managing Director 504.458.1626 tim.leonhard@berkadia.com

Tim Leonhard

MORTGAGE BANKERS

Managing Director Multifamily CA License #01422005 415.835.9206 scott.macdonald@berkadia.com

Scott MacDonald

Senior Managing Director Multifamily CA License #01323188 415.835.9205 jason.parr@berkadia.com

Jason Parr

Senior Managing Director Affordable Housing WA License #26367 253.653.3313 brandon.grisham@berkadia.com

BRANDON GRISHAM

Director Affordable Housing WA License #22019732 425.999.1152 adam.tomberg@berkadia.com

ADAM TOMBERG

INVESTMENT SALES

1 Post St. Suite 1000 San Francisco, CA 94104

san francisco

601 Union St. Suite 3909 Seattle, WA 98101

seattlE

Contacts & Office Locations