BH Properties has launched a new investment initiative into affordable housing with the goal of building a $1-billion portfolio. Veteran affordable housing executive William “Bill” Stoll has joined the firm as managing director to lead this endeavor. The Los Angeles-based firm’s value-add multifamily platform will focus on low-income housing tax credit, Section 8 and age restricted housing across the U.S., complementing its other business lines such as value add acquisitions, bankruptcy solutions and real estate debt instruments investments across capital stack.
Jim Brooks, president of BH Properties stated: “As long term investors our affordable housing strategy is driven by annuity like nature of income stream rather than assumption of tax credits where most investors play.” He further added that they are looking for assets with 100 or more units typically following expiration period which can be held for up to 10 years duration.
Pictured: William Stoll
