Wednesday, July 22, 2015

WNC Closes $75 Million California Fund

  
Michael Gaber
 IRVINE, CA,  July 22, 2015 – WNC, a national investor in real estate and community development initiatives, announced today it has closed WNC Institutional Tax Credit Fund X California Series 13, LP (WNC Cal 13), a $75 million institutional low-income housing tax credit (LIHTC) fund.

The fund, which includes seven investors, will acquire nine properties in California.  

“The closing of the most recent WNC California Series fund is a testament to our experience in the LIHTC market and our dedication to providing affordable housing to the state’s low income seniors and families,” said WNC Executive Vice President and Chief Operating  Officer Michael Gaber

“We have participated in this market for more than 40 years, and in that time, we have learned a great deal about how to successfully navigate and effectively structure low-income housing tax credits, and with more than 80 percent repeat clientele from our WNC Cal 13 development and investment partners, our commitment speaks for itself.” 

With the closing of Corp 40 in the spring and this closing of WNC Cal 13, WNC’s cumulative portfolio value has now surpassed the $7 billion benchmark.

For a complete copy of the company’s news release, please contact:

Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703 – direct

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