Investment Highlights

  • Final year of LIHTC restrictions is 2035
  • Net  maximum  allowable  tax  credit  rents  currently  sit  $400  to  $600  below  unrestricted market rate rents which provides the opportunity to capture future AMI increases
  • Patrician Terrace is offered free and clear of current financing. Multiple years of interest-only financing is available
  • Mix of one-, two-, and three-bedroom garden and townhome units featuring a balcony or patio, walk-in closets, dishwasher, garbage disposal, and air conditioning
  • Community  amenities  include  a  clubhouse,  swimming  pool,  on-site  laundry  facility, barbecue and picnic area, playground, and leasing office
  • Jackson  is  nestled  next  to  Interstate  40  and  sits  between  Memphis  and  Nashville making it a logistics hotspot
  •  The  presence  of  major  employers  including  Delta  Faucet  company,  The  Kellogg Company, and Stanley Black & Decker help the city’s unemployment rate remain low at 4.6%
  • Patrician  Terrace  is  less  than  a  mile  from  U.S.  Route  45,  a  major  retail  thoroughfare  with  over  a  dozen  shops  and  restaurants  such  as  The  Home  Depot,  Hobby  Lobby,  Sam’s  Club,  Best  Buy,  Kohl’s,  Olive  Garden,  TGI  Fridays, and Texas Roadhouse
  • The  Jackson  Recreation  and  Parks  department  is  recognized  nationally  for  its  variety  and  depth  of  programming  including  soccer,  baseball,  softball,  cheerleading, football, and wheelchair basketball

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