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Atlanta & Southeast  + Southeast  + Finance  |  June 4, 2019
David Cohen
By: David Cohen

Bellwether Enterprise Secures $115M Acquisition Financing for Affordable Housing Portfolio in Southeast

Bellwether Enterprise Real Estate Capital secured $115 million in financing for the acquisition of 12 affordable housing properties in South Carolina, North Carolina, Virginia, Georgia and Florida. The properties, which include 1,776 homes, were acquired in three separate transactions by Atlantic Housing Foundation Inc.

The properties include Shemwood Crossing and Boulder Creek Apartments in Greenville, SC; James River Crossing in Lynchburg, VA; Gretna Village Apartments in Gretna, VA; Afton Gardens Apartments in Roanoke, VA; Crescent Hill Apartments in Spartanburg, SC; Spring Grove in Taylors, SC;  Timber Ridge Apartments in Charlotte, NC; Cedar Moor Apartments in Raleigh, NC; Brentwood Crossing in High Point, NC; Brittany Woods Apartments in Valdosta, GA and Temple Court in Miami.

Phil Melton of Bellwether secured financing on behalf of Atlantic Housing Foundation through a group of lenders that included Tilden Park Capital Management, the Virginia Housing Development Authority and Freddie Mac.

Connect Apartments is planned on June 20th in Los Angeles. You can get more information and register to attend on this link.

For comments, questions or concerns, please contact David Cohen

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Connect With Bellwether's MeltonConnect With Atlantic Housing Foundation

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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