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Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the exclusive opportunity to acquire Sleeping Ute Apartments, a 60-unit, 100% HAP property in Cortez, CO. The Property benefits from a Project-Based Section 8 (HAP) contract that generates bond-like returns and ensures full economic occupancy and limited turnover. Given its location in a QCT and the new 4% floor for federal LIHTCs, the Property is well-positioned as a preservation opportunity.
- HAP Contract Provides Stable Cash Flow
- Affordable Housing Preservation Opportunity
- Favorable Capital Markets Environment
- Near Regional Economic Anchors