PRESS RELEASE
LAKEWOOD CROSSING
GRANBURY TEXAS
I am pleased to announce the closing on Lakewood Crossing in Granbury, TX. Lakewood will be a 48 unit family development with a mix of 30%, 50%, 60% and market rate units. Lakewood was structured with Granbury PFC and Albatross Development serving as the General Partner and JMZ Land Company as an SLP and Raymond James as the ILP.
Bank of Oklahoma provided construction and permanent financing. Wilhoit Properties, Inc. will manage the asset and Zimmerman Properties Construction is the general contractor and has been already on-site making the public improvements. I would like to thank everyone in the group that worked on this development!
Robert C Davidson | Chief Financial Officer | Chief Operating Officer
Wilhoit Properties | Zimmerman Properties | Zimmerman Properties Construction
April 2, 2021
PRESS RELEASE
FLATS AT SAM LANE
RINGGOLD GEORGIA
I am proud to announce the closing on Flats at Sam Lane in Ringgold, GA. The development is a 72 unit apartment complex with 50% , 60% and 70% AMI units and should be complete with construction in the early part of 2Q2022. The property is being financed with federal and state tax credits which were acquired by Synovus Bank (federal) and Sugar Creek Capital (state). Synovus Bank also provided construction financing and Georgia Housing Finance Agency provided HOME Funds. The property is being built by BASE Construction and Management and will be managed by Wilhoit Properties. The community was developed through the Atlanta office of Zimmerman Properties SE.
Robert C Davidson | Chief Financial Officer | Chief Operating Officer
Wilhoit Properties | Zimmerman Properties | Zimmerman Properties Construction
March 10, 2021
You may return any religious materials in your possession that were previously removed from common spaces and are otherwise permitted to contribute religious materials to the library.
February 8, 2021
The Company is committed to compliance with the Fair Housing Act, which prohibits housing discrimination because of race, color, religion, sex, national origin, disability, or familial status. Discrimination because of religion includes treating people differently or less favorably because they practice or do not practice a religion.
Thus, with respect to religious materials and materials with religious themes, the Company shall allow residents to display religious materials of any faith on the same basis as they can display non-religious materials. Pursuant to this policy, residents shall be permitted to display religious items or decorations (such as a Jewish mezuzah or a cross) on their doors or other areas that are exclusive to the residents’ use, such as inside their units or on patios or balconies, on the same basis as residents are permitted to display non-religious items or decorations.
Religious materials of any faith, including religious publications, shall also be permitted to the same extent as non-religious materials in common areas. For example, residents shall be permitted to contribute religious materials of all faiths to a property’s library on the same basis as residents are permitted to contribute non-religious materials. Similarly, to the extent that residents are permitted to contribute non-religious decorations to either the holiday tree or the clubhouse area, residents shall be permitted to contribute religious-themed decorations from any faith on the same basis.
In addition, residents shall be permitted to host or participate in religious activities (such as Bible studies) in common areas on the same basis as non-religious activities (such as parties or book studies). Furthermore, residents of all religions shall be provided an equal opportunity to host or participate in religious activities. Residents shall be permitted to use or display religious materials in common areas in connection with such religious activities to the same extent residents may do so for non-religious activities.
Questions about this policy should be directed to: Customer Service at 417-890-3243.
https://www.hud.gov/program_offices/fair_housing_equal_opp
February 8, 2021
November 24, 2020
RE: Whittier Heights
Tulsa, Oklahoma
I am pleased to announce the closing of Whittier Heights in Tulsa, OK. Whittier Heights will be a newly constructed 52 unit elderly facility developed under the low-income housing tax credit program as administered by Oklahoma Housing Finance Agency (OHFA). Zimmerman Properties is developing this community in a partnership with Vintage Housing, Inc. The community is being financed through a conventional construction / permanent loan from Bank of Oklahoma, an AHP Loan and a HOME Loan through the City of Tulsa as well as grant funds contributed as capital by Vintage Housing and tax credit equity provided by Raymond James Tax Credit Funds. Zimmerman Properties Construction will serve as the general contractor and Wilhoit Properties, Inc. will be the Property Management Company. We expect that construction will be complete in 1Q2022.
Robert C Davidson | Chief Financial Officer | Chief Operating Officer
Wilhoit Properties | Zimmerman Properties | Zimmerman Properties Construction
November 24, 2020