Olive Tree and American South Real Estate Fund II Announce Third Investment Partnership to Support Low-Income Housing

0
55

[ad_1]

Olive tree’s The mission is focused on finding and improving existing assets that can provide quality housing to low-income families throughout the South. With The Life at Sterling Woods, we now manage over 7,000 affordable housing units across the country, meeting the pressing needs of these economically disadvantaged communities. The financial partnership between Olive Tree Holdings and the South American Real Estate Fund (ASREF) allows us to quickly acquire and initiate the construction of the project. It accelerates our pursuit of development, which is changing the lives of older people and families in need, ”he said. Jan Bel, Manager, Olive Tree Holdings.

The American Southern Real Estate Fund II (ASREF II) is the financial partner helping to implement this project. $ 4.8 million investments in the project. ASREF II is an impact fund dedicated to revitalizing disadvantaged communities of color across the South. Prior to ASREF II, SDS Capital Group and Vintage Realty Company operated ASREF I, a fund that invested in two Olive Tree low-income housing projects located in Houston Metropolitan area.

“We are delighted to announce this investment. 234 quality low-income housing units highlight how much our ASREF /Olive Tree the partnership is truly making a difference in refurbishing and maintaining much-needed affordable housing units for Houston – said the managing partner of ASREF II Deborah La Franchi, founder and CEO of SDS Capital Group. “With the acquisition of this latest project, our collaboration will develop or maintain a total of 855 housing units for seniors and low-income families.”

ASREF II follows ASREF I’s investment strategy in which $ 58 million to projects in 10 southern states.

American South Fund Management, LLC (ASFM) is a partnership between Los Angelesbased on SDS Capital Group and Vintage Realty Company of Shreveport, Louisiana… Press release: https://asref.com/#news

CONTACT:
Sybil Macdonald
Marketing communications
[email protected]
Phone: 323.376.8961

SOURCE South American Real Estate Fund

[ad_2]

Source link