The Pointe Apartments

• 198-unit multifamily community in the Birmingham, Alabama MSA.
• More than $4.25 million invested in recent capital improvements, including roofs, HVAC systems, flooring, parking lots, landscaping, exterior enhancements, and interior renovations.
• Section 42 LIHTC property currently in the Extended Use Period and Qualified Contract (QC) eligible.
• Opportunity to acquire a stabilized affordable housing community with multiple long-term strategic exit opportunities.
• Projected path to an 8.25%+ capitalization rate.
• Diverse unit mix consisting of one-, two-, and three-bedroom apartments and townhomes.
• Convenient access to Interstates 20 and 65, less than ten minutes from Birmingham-Shuttlesworth International Airport.
• Minutes from Downtown Birmingham, UAB, UAB Hospital System, and numerous major employment centers.
• Strong historical demand for affordable housing supported by Birmingham’s diverse employment base and limited new supply in the surrounding submarket.