Tuesday, August 11, 2015

WNC provides $3.2 million in LIHTC equity to fund Hi-Lake Triangle Apartments, a new 64-Unit Affordable Senior Housing Community in Minneapolis, MN

Michael Gaber
MINNEAPOLIS, MN – Aug. 11, 2015 – WNC, a national investor in real estate and community development initiatives, announced today the completion of Hi-Lake Triangle Apartments, a newly constructed 64-unit affordable senior housing community in Minneapolis.

 WNC provided approximately $3.2 million in low-income housing tax credit (LIHTC) equity to fund the new development.

“WNC is pleased to have participated in the development of Hi-Lake Triangle Apartments, delivering new, affordable senior housing to an area, and a nation, in desperate need,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber.

“We are thrilled to help deliver this new community, providing many high quality amenities to its residents.”

Hi-Lake Triangle Apartments is a six-story building comprised of 53 one-bedroom and 11 two-bedroom units.

 Located at 2230 E. Lake St., approximately 3 miles from downtown Minneapolis, the elevator-serviced community is part of a mixed-use development containing 5,385 square feet of ground floor retail space.

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

Julie Leber
Spotlight Marketing Communications
949.427.5172 ext. 703

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