GEORGETOWN SENIOR HOUSING January 5, 2012 THE NRP GROUP - - - PowerPoint PPT Presentation

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GEORGETOWN SENIOR HOUSING January 5, 2012 THE NRP GROUP - - - PowerPoint PPT Presentation

GEORGETOWN SENIOR HOUSING January 5, 2012 THE NRP GROUP - EXPERIENCE EXPERIENCE QUICK FACTS QUICK FACTS Full-service real estate company founded in 1994 (Development, General Contracting and Property Management) More than 275 years of


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SLIDE 1

GEORGETOWN SENIOR HOUSING

January 5, 2012

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SLIDE 2

THE NRP GROUP - EXPERIENCE EXPERIENCE

  • Full-service real estate company founded in 1994 (Development,

General Contracting and Property Management)

  • More than 275 years of collective executive team experience and

400+ employees nationwide.

  • Developed over 17,000 units in 12 states, and manages 10,000+

residential units

NATIONAL MULTIFAMILY DEVELOPER NATIONAL MULTIFAMILY DEVELOPER QUICK FACTS QUICK FACTS

  • National

Presence: Texas, Arizona, Florida, Indiana, Louisiana, Michigan, New Mexico, New York, North Carolina, Ohio, Pennsylvania, South Carolina, and Virginia

  • One
  • f

the Top 10 Multi-Family Developers in the United States

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OUR COMPANY

DEVELOP DEVELOPMENT - The NRP development team handles every aspect of development from concept to completion

With every new project, the team reviews and details the many elements that contribute

to success: site selection and zoning, market studies, and designs that combine the most desirable features for each market.

NRP partners with local governments,

financial institutions and neighborhood

  • rganizations on its many multi-family, single-family infill, and senior housing.

CONSTR CONSTRUC UCTION TION - NRP Contractors is a full-service General Contractor providing a range of services to maximize cost efficiency and productivity

Licensed in 12 states, NRP Contractors has built over 17,000 multifamily and senior

units across the nation and has honed its skills to place a priority on key architectural features while expediting timelines to meet objectives

Services include conceptual estimating, project management, design, consultation, civil

engineering, architecture and budget development. MA MANA NAGEME GEMENT - NRP Management is a full-service property manager overseeing 10,000 multi-family, single-family and senior rental units

The

team includes specialists in corporate compliance, accounting,

  • perations,

marketing and leasing support as well as on-site expertise in community management, leasing and maintenance at each community.

NRP Management provides expertise in initial lease-ups, on-going operations, market

analysis, asset management, maintenance and training.

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WHAT SETS US APART?

  • Commitment to collaboratively work

with communities

  • Award Winning Communities
  • Quality Design & Construction
  • Development, Construction & Property

Management under the same company

  • Tailored resident services
  • Courtesy Officer Initiative
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SUCCESSFUL COMMUNITIES

  • Rigorous Screening Process:
  • Credit and Criminal Background Checks
  • Stringent Income Qualifications
  • Annual Recertification

SELECTION CRITERIA SELECTION CRITERIA

  • In-House Management Company
  • Strict Zero-Tolerance Policy

SECURE COMMUNITIES SECURE COMMUNITIES

  • Courtesy Officer Program:
  • Off-Duty policemen
  • Patrol at different intervals throughout day

and night

  • Frequent Credit/Criminal Background Checks
  • Membership and Participation in Neighborhood

Associations and Crime Watches

  • Senior and Family Activities
  • Community Gatherings
  • On-Site Coordinator
  • Local Service Providers
  • HOMEWORK FIRST

RESIDENT SERVICES RESIDENT SERVICES

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THE MIRABELLA SENIOR– SAN ANTONIO, TX

Partner: San Antonio Housing Authority Location: San Antonio, TX Project Cost: $18,089,132 Financing: LIHTC Equity, Conventional Debt City of San Antonio & Bexar County HOME Funds, City Public Service Unit Mix: 172 units total 1 and 2 bedrooms

BEFORE AFTER

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THE ALHAMBRA SENIOR– SAN ANTONIO, TX

Partner: San Antonio Housing Authority Location: San Antonio, TX Project Cost: $10,491,000 Financing: LIHTC Equity, Conventional Debt City of San Antonio HOME Funds Unit Mix: 140 units total 1 and 2 bedrooms

BEFORE AFTER

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COMMONS OF GRACE– HOUSTON, TX

Partner: G.C. Community Development Corporation Location: Houston, TX Project Cost: $11,369,752 Financing: LIHTC Equity, Conventional Debt City of Houston HOME Funds Unit Mix: 108 units total 1 and 2 bedroom

BEFORE AFTER

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SLIDE 9

THE GIBRALTAR – CLUTE, TX

Partner: Northside Redevelopment Center Location: Clute, Brazoria County, TX Project Cost: $6,507,488 Financing: LIHTC Equity, Conventional Debt Brazoria County HOME Funds Unit Mix: 48 units total 1 and 2 bedroom

BEFORE AFTER

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LOCATION LOCATION

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OVERALL CONCEPT AND OVERALL CONCEPT AND FINANCING PROPOSAL FINANCING PROPOSAL

  • 9% LIHTC
  • 120 Affordable Senior Housing

Units

  • Full Taxes @ $800 unit
  • Local Engineering and Third

Party Subcontractors

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BENEFITS TO THE COMMUNITY

  • Build on existing strengths in the neighborhood and strengthen older

neighborhoods

  • Provide much needed quality affordable housing for seniors.
  • Opportunity for families to move their parents closer to their home.
  • Job creation through re-investment
  • Construction activity spurs other types of development:
  • Commercial / Retail
  • Additional Residential
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NRP TEXAS NRP TEXAS DEVELOPMENTS EVELOPMENTS

  • Auburn Square – 80 Units – Vidor, TX
  • Race Street Lofts – 36 Units – Fort Worth, TX
  • Terrell Homes – 54 Units – Fort Worth, TX
  • Golden Bamboo Village III – 120 Units – Houston,

TX

  • Haven for Hope – 140 Units – San Antonio, TX
  • Costa Tarragona 2 – 96 Units – Corpus Christi, TX
  • La Terraza at Lomas del Sur – 120 Units – Laredo,

TX

  • Cevallos Street Lofts – 252 Units – San Antonio, TX
  • Villas at Costa Cadiz‐172 units‐San Antonio, TX
  • San Juan Square‐143 units‐San Antonio, TX
  • Costa Valencia‐230 units‐San Antonio, TX
  • The Villas at Costa Tarragona‐250 units‐Corpus

Christi, TX

  • Costa Mirada‐212 units‐San Antonio, TX
  • Costa Almadena‐176 units‐Corpus Christi, TX
  • Costa Verde‐188 units‐Clute, TX
  • Costa Rialto‐216 units‐Houston, TX
  • Costa Vizcaya‐252 units‐Houston, TX
  • San Juan Square II‐144 units‐San Antonio, TX
  • Costa Ibiza‐216 units‐San Antonio, TX
  • Costa Esmeralda‐112 units‐Waco, TX
  • Woodmont Apartments‐252 units‐Fort Worth, TX
  • Costa Mariposa‐252 units‐Texas City, TX
  • Four Seasons at Clear Creek‐96 units‐Fort Worth, TX
  • Encino Pointe‐252 units‐San Marcos, TX
  • Casa Brazoria‐36 units‐Clute, TX
  • Golden Bamboo Village II‐116 units‐Houston, TX
  • Montabella Pointe‐144 units‐San Antonio, TX
  • Crestshire Village‐74 units‐Dallas, TX
  • Tierra Pointe‐80 units‐Karnes City, TX
  • Cevallos Lofts‐252 units‐San Antonio, TX
  • Playa del Pueblo – 96 Units – Midland, TX
  • Azure Pointe – 140 Units – Beaumont, TX
  • Oasis Cove – 64 Units – Canadian, TX
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TIMELINE TIMELINE FOR FOR 9% LIHTC DEVELOPMENT 9% LIHTC DEVELOPMENT

  • Pre-Application:

January 10, 2012

  • Applications Due to TDHCA:

March 1, 2012

  • Awards Announced:

Late July 2012

  • Financing Close:

Spring/Summer 2013

  • Construction will commence immediately upon closing the financing
  • First building and community space completed within 8 months
  • Construction Completion within 12 months