INVESTMENT HIGHLIGHTS
Robertsdale is Located 35 Minutes Away from Mobile, AL and 45 Minutes from Pensacola, FL
Aerospace, Education, and Healthcare Services are Major Industries in Baldwin County
Excellent AMI Growth in Baldwin County with an Increase of 39.02% Since 2017
Conveniently Located Near Area Amenities that Include Shopping, Restaurants, Schools, and Major Transportation Arteries
EXECUTIVE SUMMARY
The Landing Apartments is a 60-unit affordable housing community located in Robertsdale, AL. The property is conveniently located minutes away from dining, schools, parks, and shopping venues including Walmart, Walgreens, and CVS. Robertsdale is the hub of Baldwin County and is located near Gulf Shores and Mobile.
The property was built and placed in service in 2007 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all units to be rented to income qualifying residents earning no more than 60% of the Area Median Income (AMI) limits, which are provided by the Alabama Housing Finance Authority. The property is beyond its initial compliance period.
The Landing Apartments offers two and three bedroom apartment homes featuring HVAC and outside storage. Community amenities include a playground, pool, and on-site laundry facility.
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COMMUNITY AMENITIES
• Swimming Pool
• Playground
• On-Site Laundry Facility
APARTMENT FEATURES
• 2 & 3 Bedroom Units
• Extra Storage
THE ASSET
GALLERY
19096 Fairground Rd. – Robertsdale, AL 36567
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19096 Fairground Rd. – Robertsdale, AL 36567
THE LANDING APTS.
2007
BUILT
63,750
SQ FT
60
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
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
INVESTMENT SALES
BOISE OFFICE
6225 North Meeker Place
Suite 210
Boise, ID 83713
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The Team
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
BRANDON GRISHAM
Senior Managing Director
Affordable Housing
253.653.3313
brandon.grisham@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/.
Excellent AMI Growth in the county with an Increase of 39.02 Since 2017
Aerospace, Education, and Healthcare Services are the Major Industries in Baldwin County
Current Asking Rents are Well Below Max Net Tax Credit Rents
Robertsdale is Located Approximately 35 Minutes from Downtown Mobile, Offering Residents a Variety of Entertainment and Employment Options
Located Approximately 35 Minutes from Downtown Mobile, Offering Residents a Variety of Entertainment and Employment Options
Conveniently Located Minutes from Roberstdale High School, Walmart Supercenter, Major Transportation Arteries, and Dining