New York, NY — May 24, 2023 — Lument’s affordable housing real estate investment sales group recently represented the seller in the sale of a portfolio of low-income housing tax credit (LIHTC) properties in Houston, Texas. The portfolio consists of six multifamily communities with 998 units and three single family communities with 220 units for a total of 1,218 units. Chris Bergmann, managing director, led the sale for Lument.

“We were pleased to represent the seller in the sale of this LIHTC portfolio, as this was an ideal opportunity for a large institutional sponsor looking for volume in Texas,” said Bergmann.  “The well-constructed and fastidiously maintained LIHTC properties have significant upside, and the existing debt is assumable and has favorable terms.”

The sponsor intends to take the properties through the LIHTC rehabilitation process and extend the affordability of the communities. The oldest of the communities was originally constructed in 1996 and the most recent was built in 2008.

About Lument
Lument, a subsidiary of ORIX Corporation USA, is a national leader in commercial real estate finance and delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a suite of proprietary commercial lending, real estate investment sales, investment banking, and investment management solutions. The company has approximately 600 employees in over 30 offices across the United States. Securities, investment banking, and advisory services are provided through Lument Securities, LLC, member FINRA/SIPC. Lument Investment Management, LLC, is registered as an investment adviser with the U.S. Securities and Exchange Commission. For more information, visit