Peabody, Massachusetts, July 25, 2012: (“Stratford Capital”) is pleased to announce the closing of Stratford Fund VII Limited Partnership (“Fund VII”), a $100 million low-income housing tax credit
investment limited partnership comprised of 12 affordable rental apartment properties located in 11 states.
Fund VII is comprised of seven institutional investors representing many of the leading banking and insurance institutions in the country. “We place great value on the strong relationships we’ve developed with both our investors and development partners” said Benjamin Mottola, President of Stratford Capital Group, “These relationships are the cornerstone of Fund VII. We are proud that Fund VII will provide equity capital to facilitate the development of over 1,300 units of quality affordable housing throughout the country.”
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 10,700 units located in twenty-five states and the District of Columbia.
I have worked with the principals of the Stratford Capital Group for several years and have invested in a number of their multifamily offerings as an economic joint venture partner, for tax credits and also as a bridge loan participant. They are disciplined, know what the objectives are and detailed from an asset management perspective. Our relationship has been rewarding, and throughout it, they have treated us like partners.