Skip to main content

PEF Advisors Acquires Reflections and Woodbridge Senior Affordable Housing in Fort Collins

Written by Customer Service on . Posted in Mergers And Acquisitions.

IRVINE, Calif., Sept. 07, 2022 (GLOBE NEWSWIRE) — Preservation Equity Fund Advisors, LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, announced its recent acquisition of Reflections Senior and Woodbridge Senior Apartments in Fort Collins, Larimer County, Colo., two affordable housing communities located in a market with a high cost of living.

Reflections Senior and Woodbridge Senior are located approximately one hour north of Denver and include a combined 122 units of affordable housing for seniors. The projects are located within five miles of each other and will be operated together with a combined staff. Reflections Senior includes five, two-story, garden-style buildings with a unit mix of 48 one-bedroom units and 24 two-bedroom units. Woodbridge Senior is one three-story building with a unit mix of 40 one-bedroom units and 10 two-bedroom units.

Reflections Senior’s amenities include a clubhouse, swimming pool, walking paths, on-site laundry facility and patio/balconies. Woodbridge Senior’s features a clubhouse, secure controlled access, elevator, on-site laundry facility and patio/balconies.

Affordability restrictions across both properties will limit residents to households at 42% of AMI.

“Millions of American families, senior citizens and veterans cannot find housing they can afford,” said Rich Bennion, senior vice president capital markets at PEF Advisors. “The sustained demand and reduction in supply of affordable housing is a serious issue PEF Advisors is addressing through its preservation investment strategy.”

About Preservation Equity Fund Advisors, LLC
Since 2017, Preservation Equity Fund Advisors, LLC (PEF Advisors) has focused on acquiring and preserving existing affordable housing in high-cost markets through private equity funding. PEF Advisors is an affiliate of the WNC & Associates, Inc. (WNC) family of companies with access to WNC’s more than 50 years’ experience in acquiring more than 1,650 properties representing $13.7 billion in affordable housing nationwide, including through tax credit and/or preservation equity strategies.

 

CONTACT: Media Contact:
IDEA HALL 
Angela Fentiman
818.510.1202
angela@idealhall.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.