Villas at Ridge Pointe II
Villas at Ridge Pointe II is the second phase of a successful senior community located in Kansas City, Kansas. It is adjacent to the first property and near amenities including shopping, healthcare facilities and public transportation. The development consists of 15 two-bedroom villas in 3 buidings, with the largest 6 units featuring two bathrooms. All units feature universal design components, are equipped with an in-unit washer and dryer, and have access to the community center containing a library, exercise facility, computer lab and beauty salon.
| SLEFI INVESTMENT FUND: | Kansas City Equity Fund 2009, L.L.C. |
| OTHER FUNDING SOURCES: | FHLB Grant |
| LOCATION: | Wyandotte County |
| NUMBER OF UNITS: | 15 (Residential = 15 units, Commercial = 0 units) |
| UNIT MIX: | 2-bedroom units |
| TAX CREDITS TYPE: | Federal LIHTC |
| TOTAL INVESTMENT: | $1,835,237 |
| TOTAL DEVELOPMENT COST: | $2,434,114 |
| DEVELOPER: | Overland Property Group, LLC |
| PROPERTY MANAGER: | Weigand-Omega Management, Inc. |
| ARCHITECT: | Jones-Gillam |
| CONTRACTOR: | Woodco Construction |
| LENDER: | The Bennington State Bank |
| LIMITED PARTNERSHIP: | Ridge Pointe Partners II, LLC |
| LIMITED PARTNER: | Kansas City Equity Fund 2009 LLC |
| LIMITED PARTNER: | St. Louis Equity Fund 2010, LLC |
| GENERAL PARTNER: | RP Managers II, LLC |
| ACCOUNTANT: | CBIZ |
| ATTORNEY: | Stinson Morrison Hecker |