Peabody, Massachusetts, January 13, 2017: (“Stratford Capital”) is pleased to announce the closing of Stratford Fund 21 Limited Partnership (“Fund 21”), a $125 million Low-Income Housing Tax Credit fund comprised of 8 institutional investors and co-investment by Stratford Capital.
Fund 21 includes fifteen affordable housing properties, totaling 1,821 apartment units, within twelve family and three senior communities located in nine states including: Arkansas, Georgia, Louisiana, Michigan, Missouri, Pennsylvania, Texas, Tennessee and Virginia.
“We’re extremely grateful for the high level of confidence and commitment exhibited by our investors during the closing of Fund 21. During these turbulent market conditions, the strength of our relationships and the ongoing loyalty of our investors, developer clients and team members remain our most valuable assets” said Ben Mottola, President of Stratford Capital Group.
About Stratford Capital:
Stratford Capital is a privately owned national real estate investment and development firm, with a particular focus on affordable rental housing, with offices in Boston, Massachusetts and Vienna, Virginia. The principals of Stratford Capital have over 100 years of combined experience in all aspects of Low-Income Housing Tax Credit investment and development. Stratford Capital’s current multifamily rental housing portfolio consists of over 20,000 apartment units located in thirty-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.