Highlands

Highlands, which is located in Newnan, Georgia, is a 100-unit subsidized housing property which offers residents onsite laundry facilities, a community room, a library, a business center, and a community garden. In 2009/10, in the full swing of the financial crisis, HUD introduced the New Issue Bond Program (NIBP), which was eventually incorporated into the acquisition’s structure when Silver Street closed on the property.

100 Units

Acquired: 2010

Investor: Bank of America