Timber Ridge

• Timber Ridge is a 316 unit multifamily community in Houston, Texas, built in two phases in 2002 and 2005
• The property was purchased in November 2020 in partnership with a New York-based owner/operator of value-add multi-family properties
• Operated as a Low Income Housing Tax Credit (“LIHTC”) property, this property was purchased with a substantial capital improvement budget directed toward exterior renovations
• Timber Ridge was sold in August 2024 after 3.7 years of ownership