Peabody, Massachusetts, September 27, 2010: (“Stratford Capital”) is pleased to announce the closing of Stratford Fund III Limited Partnership (“Fund III”), a $50 million low-income housing tax
credit investment limited partnership.
Fund III is comprised of six institutional investors including an affiliate of Stratford Capital. “We are proud to have received such a significant vote of confidence from the investors in Fund III. We were able to attract existing investors as well as several new investors in a very difficult economic environment” said Benjamin Mottola, President of Stratford Capital Group.
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 6,680 units in seventeen 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.