Two-Site Multifamily Acquisition 2 biens • Immeuble residentiel • Emplacements multiples

Mahogany Court and Summit Crest present a rare opportunity to acquire two high-quality, income-producing affordable housing communities in Northern Nevada. The properties consist of 49 total apartment units across Minden and Carson City and were developed, constructed, and have been continuously owned by The Pacific Companies, one of the nation's leading affordable housing developers.
Both communities operate under the Low-Income Housing Tax Credit (LIHTC) program, serving families earning at or below 45% of Area Median Income. The properties benefit from Nevada real estate tax exemption under NRS 361 and are protected by extended affordability restrictions through 2056 and 2062.
Current rents remain below the maximum allowable LIHTC limits, providing an opportunity for future revenue growth. Strong regional market fundamentals, including low apartment vacancy rates and significant gaps between restricted and market rents, support long-term demand and income stability. Combined with consistent affordable housing demand, the portfolio offers investors a resilient cash-flow profile with embedded upside potential.