Stratford Capital announced the closing of Stratford Fund XVII Limited Partnership, a $110 million Low-Income Housing Tax Credit fund which is comprised of 8 family and 6 senior affordable rental apartment properties located in 9 states.
Fund XVII includes 7 institutional investors and co-investment by Stratford Capital. Upon completion of the development of the 14 properties, Fund XVII will provide over 1,600 affordable apartment units for rental to families and seniors across the nation.
“The closing of Fund XVII caps the most successful year to date for Stratford Capital along with the addition of several new investors during 2015” said Ben Mottola, President of Stratford Capital Group. “The continued success of Stratford Capital is the direct result of the hard work and high level of integrity of our team members along with the continued trust of our investor and developer partners. We look forward to continued growth in 2016”.
