IRVINE, CA, June 12, 2013 – WNC, a national investor in real
estate and community development initiatives, announced today it has closed WNC
Institutional Tax Credit Fund X, California Series 11 L.P., a $46 million
institutional low-income housing tax credit (LIHTC) fund.
WNC Institutional Tax Credit Fund X, California Series 11,
includes nearly 800 units of affordable housing spread across 10 properties and
five counties in California. The properties include senior and family housing,
with a combination of new construction and rehabilitation developments.
This is the company’s 11th institutional fund focused solely
on Calif. since 2001, and will fund the development of two new affordable
housing projects and the rehabilitation of eight existing communities.
Since
its founding, WNC-sponsored funds have invested in nearly 250 properties
totaling more than 14,000 units in California, with its national portfolio now
approaching 1,200 properties.
“This fund is comprised of seven California-based
institutional investors, including two new investors and five that have
participated in prior WNC funds,” said Will Cooper Jr., President and
Chief Executive Officer of WNC.
“We continue to
experience high demand for LIHTC investments and are thankful to continue
working with our existing development and investment partners, as well as forge
new relationships.”
 |
| Will Cooper Jr. |
WNC Institutional Tax Credit Fund X, California Series 11
includes eight properties that will be constructed by existing development
partners of WNC, while welcoming two new partners to the company’s portfolio.
For a complete copy of the company’s news release, please
contact:
Jill Swartz
Spotlight Marketing Communications
949.427.5172, ext. 701 – direct
949.485.1552 – mobile
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