Enterprise Homes acquires Shelter Group’s affordable housing portfolio

Enterprise Homes has closed on its acquisition of the Shelter Group’s affordable housing properties in the mid-Atlantic.

The 4,153 apartments are located in 43 properties financed through the Low-Income Housing Tax Credit, a federal program for creating and preserving affordable housing.

Terms of the deal between Columbia-based Enterprise and Baltimore-based the Shelter Group were not disclosed.

The transaction triples the number of properties owned by Enterprise Homes and adds 175 employees to…

from https://www.bizjournals.com/baltimore/news/2017/08/02/enterprise-homes-acquires-shelter-groups.html?ana=RSS%26s=article_search
from http://baltimorecheckbook.tumblr.com/post/163723669232

Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

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