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California  + Orange County  + Healthcare  | 

Renovations Complete at Anaheim Affordable Seniors Housing Facility

Irvine, CA-based WNC, in partnership with subsidiary Community Preservation Partners, and non-profit Jamboree Housing Corporation, completed the $6.56-million renovation of Miracle Terrace Apartments in Anaheim, CA. WNC provided roughly $17 million in low-income housing tax credit (LIHTC) equity to help fund the acquisition of and renovations to the 179-unit community located at 225 S. Western Ave.

WNC’s Michael Gaber says, “Rehabilitating Miracle Terrace Apartments is crucial in a market like Orange County, where demand for multifamily product consistently outpaces the development of new stock, and where affordable properties are increasing being renovated for higher income renters.”

The upgrades work out to about $36,635 per unit. The community is comprised of 71 studio units, 107 one-bedroom units, and a single two-bedroom unit for the onsite manager. The facility is open to seniors ages 62 and older with household incomes between 35% and 60% of the area’s median income level.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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