BOCA RATON, Fla., Jan. 13, 2016 /PRNewswire/ -- QuickLiquidity along with a funding partner today announced the acquisition of a minority interest position in a HUD Section 8 apartment building located in the 2nd largest MSA, Los Angeles-Long Beach-Anaheim, CA. The apartment building is a housing development for low and moderate income families.
Yoni Miller, Principal of QuickLiquidity, said: "This latest acquisition is a strong confirmation of the type of investments we make on a regular basis. Our focus is on stabilized and cash flowing partnership interest positions and this investment sums that up perfectly. Due to the HUD Section 8 requirements for financial auditing and cash reserves, an additional layer of security is added to lowering the risk while retaining the upside."
The founders of QuickLiquidity purchased their first minority interest position in a commercial real estate partnership on the secondary market in 2009 and continue to provide a reliable exit strategy to limited partners looking to sell their illiquid real estate partnership interest.
QuickLiquidity is set to aggressively expand its acquisitions in HUD Section 8 affordable housing including apartment buildings, assisted living, and senior housing on a nationwide basis with a focus on properties in California, Texas, Florida, New York, Pennsylvania, Ohio, and Georgia.
QuickLiquidity is a direct buyer of partnership interest in commercial real estate and online real estate crowdfunding on the secondary market. QuickLiquidity offers an exit strategy to commercial real estate investors looking to break free from their non-controlling and illiquid assets. QuickLiquidity acquires positions in stabilized and cash flowing partnerships on a nationwide basis in Limited Liability Companies (LLC's), Limited Partnerships (LP's), Limited Liability Partnerships (LLP's), Tenants-In-Common (TIC's), and Delaware Statutory Trust (DST's). To learn more about QuickLiquidity please visit www.quickliquidity.com.
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