The The Life at Grand Oaks is a 556-unit apartment complex located in Houston, Texas. The federal 4% tax credit program was used to preserve the affordability of the development. This project was led by Havenrock Development in partnership with Olive Tree Holdings, LLC, JP Morgan-Chase and AHP.
Key Project Highlights:
Project Size: $67 Million
Return on Investment: Projected 17% IRR
Profit Multiple: 1.5x
Tax Benefits: Utilized Low-Income Housing Tax Credits from 2021
