INVESTMENT HIGHLIGHTS
Multi-Family LIHTC Property Offering One and Two Bedroom Apartments with a Variety of Unit and Community Amenities
Strong FMR Growth in the County on One and Two Bedroom Units, with a 12.28% Increase in 2023
An Abundance of Nearby Lakes and Rivers Make Wasilla a Prime Location for Recreational Fishing, Swimming, Boating, Hiking, and Mountain Biking
Conveniently Located with Walking Distance to Iditarod Elementary School, and Minutes from Shopping, Dining, and East Parks Highway, the Main Thoroughfare through Town
EXECUTIVE SUMMARY
The Birches II is a 28-unit affordable housing community located in Wasilla, AK. The property is minutes from major retail venues that include Carrs, Fred Meyer, Target, and Walmart Supercenter, as well as dining, major transportation arteries, schools, and the Wasilla Airport.
The property was built and placed in service in 2007 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which require all units to be rented to income qualifying residents earning no more than 40%, 50%, and 60% of Area Median Income (AMI) limits, which are provided by the Alaska Housing Finance Corporation. The property is beyond its initial compliance period.
The Birches II is comprised of one and two bedroom units featuring spacious floorplans, large closets, a patio/balcony, washer & dryer connections, and a full appliance package with energy star appliances. Community amenities include an on-site leasing office, on-site maintenance, computer room, fitness center, laundry facility, and social services.
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AMENITIES
• On-Site Laundry Facility
• On-Site Maintenance
• On-Site Management
• Social Services
• Computer Room
• Fitness Center
APARTMENT FEATURES
• One & Two Bedroom Units
• Patio/Balcony
• Fully Equipped Kitchen with Energy Star Appliances
• Washer & Dryer Connections
• Large Closets
THE ASSET
GALLERY
235 E. Kalli Cir. - Wasilla, AK 99654
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235 E. Kalli Cir. - Wasilla, AK 99654
THE BIRCHES II
2007
BUILT
21,072
SQ FT
28
UNITS
The Opportunity
The Asset
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JANE DOE
Associate Director
Multifamily Housing
901.425.1829
first.last@berkadia.com
JANE DOE
Associate Director
Multifamily Housing
901.425.1829
first.last@berkadia.com
MORTGAGE BANKING
BOISE OFFICE
6225 North Meeker Place
Suite 210
Boise, ID 83713
CONTACT US
About
Why Us?
Floorplans
Pricing
Design
Work Plan
The Team
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
JANE DOE
Associate Director
Multifamily Housing
901.425.1829
first.last@berkadia.com
FRED DOCKWEILER
Managing Director
Mortgage Banking
503.261.3668
fred.dockweiler@berkadia.com
MORTGAGE BANKING
JORDAN SKYLES
Affordable Housing
Director of Operations
208.631.4981
jordan.skyles@berkadia.com
JEFF IRISH
Senior Managing Director
Affordable Housing
208.286.5013
jeff.irish@berkadia.com
INVESTMENT SALES
MIKE TERRY
Director
Affordable Housing
425.761.1640
mike.terry@berkadia.com
ADAM TOMBERG
Director
Affordable Housing
425.999.1152
adam.tomberg@berkadia.com
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
• One & Two Bedroom Units
• Patio/Balcony
• Fully Equipped Kitchen with Energy Star Appliances
• Washer & Dryer Connections
• Large Closets
• Social Services
