Peabody, Massachusetts, October 31, 2011: (“Stratford Capital”) is pleased to announce the closing of Stratford Fund V Limited Partnership (“Fund V”), an $80 million low-income housing tax credit
investment limited partnership comprised of 15 affordable rental apartment properties located in 9 states.
Fund V is comprised of eight institutional investors including an affiliate of Stratford Capital. “The LIHTC landscape continues to be very competitive” said Benjamin Mottola, President of Stratford Capital Group, “We are proud that Fund V will provide equity capital to facilitate the development of over 1,600 units of quality affordable housing.”
Stratford Capital is currently launching Stratford Fund VII, LP, a $100 million low-income housing tax credit fund which is expected to close in early 2012.
About Stratford Capital:
Stratford Capital is a privately held Boston based real estate investment and development firm whose principals have over 100 years of combined experience in all aspects of affordable and conventional multifamily rental housing. Stratford Capital’s current multifamily rental housing portfolio consists of 9,200 units in twenty two states and the District of Columbia.
The integrity of the SCG team is very high. Everything they said they would do – they did, and then some. We appreciate their strong capability and specific knowledge of the real estate investment world. The numerous investments we’ve made with them have been a partnering relationship. I wouldn’t hesitate to do another deal with them.