The principals of Pennant Housing Group ("PHG") have nearly 70 years of combined experience in real estate development. PHG understands the complexity of preservation transactions and the balancing of stakeholders and competing interests.
PHG excels in the following areas:
Development Services
Complex financial underwriting and modeling
Collaborating with Architects and General Contractors to develop scope of work
Construction monitoring, unit lease-up and tenant certification
Temporary tenant relocation
9% and 4% LIHTC preservation
Sourcing Debt Financing (tax-exempt bond structuring)
LIHTC equity syndication
Section 8 HAP Renewal, including Mark-Up-to-Market and Section 236 IRP Decoupling
Real Estate Tax Abatement (PILOT)
Cost certification and IRS form 8609
Investment Management
Investor financial and compliance reporting
Fund management, including return analysis and waterfall distribution
Debt Refinancing & Asset Disposition
Asset Management Services
Preparation of property business plans to generate cash flow and value
Analysis of property performance vs budget including revenue maximization & controllable / non-controllable expense review
Property contract procurement and review