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| 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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