May 29, 2014: Dalcor purchases Ridge Club Apartments, 372 units in Orlando, Florida. Affordable Housing Partners, a wholly owned subsidiary of Berkshire- Hathaway, provided the equity; Florida Housing Finance Corporation issued $18 million of collateralized multifamily mortgage revenue bonds with Oak Grove Capital (Freddie Mac) providing $19.65 million of permanent financing. RBC Capital Markets was the bond underwriter. Ridge Club will be rehabilitated as a LIHTC community which is expected to be completed in the second quarter of 2015.
