 |
| Michael Gaber |
Tupelo, MS, June
17, 2015 – WNC, a national investor in real estate and community development
initiatives, announced today the completion of renovations to Regal Ridge Apartments, which offers 24
units of affordable housing, and Wisteria
Apartments, offering 30 units of affordable housing, in the Tupelo suburb
of Plantersville, Miss.
WNC provided
approximately $3.3 million in low-income housing tax credit (LIHTC) equity to
fund the renovation projects.
“We are
excited to help provide a much needed upgrade to the affordable housing offered
to local families of Plantersville,” said WNC Executive Vice President and
Chief Operating Officer Michael Gaber.
“The rehabilitation of Regal Ridge Apartments and Wisteria Apartments will help
to sustain and elevate the local rental housing supply.”
Regal Ridge
Apartments is located at 200 Cedar St. and is comprised of 24 residential units
divided between six buildings. Each of the two-bedroom units is equipped with a
range, refrigerator, central air conditioning, ceiling fans, window blinds and
ample storage space. Community amenities include onsite property management,
laundry facilities, a computer center, gazebo and playground.
Herbert J. Peterson from CMS Real Estate Development and
Chase Dudley from Barron Lane were
the project developers. CMS Real Estate Development received the LIHTC
financing to help fund the renovations.
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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