Sunquest Properties Inc

Description

Sunquest Properties, Inc. is a real estate development and property management company specializing in the acquisition, development and management of market rent, government subsidized, and tax credit apartments. The current portfolio includes forty-seven properties consisting of 3,278 units. Forty properties are garden style apartments and seven properties are scattered sites of which two are lease to own. Forty-one properties are located in Louisiana, four in Mississippi, and two in Texas. Fifteen properties comprising 1,714 units are market rent apartments. Of this total, two projects are under construction and three are under active development. Seven affordable housing properties comprising 339 units are designated for the elderly. The affordable housing units include participation in HUD Section 8, Rural Development (both rental assistance and interest credit) and/or Tax Credit programs. Sources of financing have included direct government loans, tax-exempt bonds, 221(d)4, 236, and 223(f) insured programs, HOME, Conduit, Fannie Mae and Freddie Mac.

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