NHT/Enterprise Preservation Corporation

Fact Sheet

• Projected Volume of Activity: NHT/Enterprise plans to acquire 5,000 apartments over the next five years. The Corporation is currently reviewing 30 properties in 7 states.
• Swift Analysis: NHT/Enterprise quickly delivers a preliminary feasibility analysis to the owner in order to determine whether a particular transaction should be pursued.
• Financial Tools: Both the Trust and Enterprise have the ability to quickly access a wide range of tax advantaged debt and equity finance to efficiently complete a transaction. Also, NHT/Enterprise is discussing with national lenders a significant line of credit to facilitate wholesale acquisition of properties.
• Properties Targeted for Purchase: NHT/Enterprise focuses on properties that consist of 100 units or more, are occupied by a significant percentage of elderly or family households earning less than 50% of median income and are located in a market where there is insufficient local nonprofit capacity or interest to efficiently complete a transaction.
• Improvement of Services: NHT/Enterprise focuses on situations in which its involvement helps perpetuate the affordability of the project, facilitates rehabilitation of the project, or increases and improves resident services.
• Partnerships: NHT/Enterprise considers purchase of general or limited partnership interests.
• Funding: The Trust and Enterprise have seeded the NHT/Enterprise Preservation Corporation with significant long-term capital.
• Management of Properties: The Corporation anticipates contracting out the management of properties to third parties.