Highlights

• Two Property Portfolio
• 100% Project Based Section 8 HAP Contracts in Place
• New Finance Opportunity

• Superior Location for Income-Based Assisted Housing
• Well Maintained Properties
• Tax Credit Eligible

Description

Menasha Woods is comprised of 40 units averaging a spacious 881 square feet. The unit composition is made up of 32 two-bedroom/one-bathroom garden-style units and eight three-bedroom/one- and one-half bathroom townhome-style units. The property currently maintains a 100% Project Based Section 8 Housing Assistance Payments (HAP) Contract which renews next in February 2012. The asset boasts consistently high occupancy levels and is typically 100% occupied with a waiting list.

Neenah Court is comprised of 24 units averaging a spacious 766 square feet. The unit composition is made up of 20 two-bedroom/one-bathroom garden-style units and four three-bedroom/one-bathroom units. The property currently maintains a 100% Project Based Section 8 Housing Assistance Payments (HAP) Contract which renews next in December 2012. The asset boasts consistently high occupancy levels and is typically 100% occupied with a waiting list.

Menasha Woods and Neenah Court are located within a vibrant economic and naturally beautiful environment known as The Fox Cities . The Fox Cities area is comprised of 18 municipalities, maintains an MSA population of nearly 380,000 and is recognized as one of the largest and fastest growing urban centers in Wisconsin. The region is also known as Paper Valley , due to the large number of paper mills located there as well as the fact that the global health and hygiene company Kimberly-Clark was founded there. Other significant employers in the region include: Appleton Corporation, International Paper, Plexus Corporation, Banta Corporation, Pitney-Bowes, Faith Electronics, ThedaCare Inc., Affinity Health System, SCA Tissue North America, McCain Snack Foods, University of Wisconsin - Fox Valley, Thrivent Financial and numerous additional sizeable employers.