Aswan Village Apartments – $8.0MM Acquisition

Compass successfully closed on the $8,000,000 acquisition of a 216 unit, Class B Low Income Housing Tax Credit rental community known as the Aswan Village Apartments.  The development consists of fourteen (14), three-story garden-style rental buildings and one (1) single-story clubhouse/leasing office building.  The property contains 132 two bedroom units and 84 three bedroom units and contains approximately 201,636 ± Rentable SF.  The property was constructed in 2003 and 2005 and is situated on an 8.96 ± Acre parcel.