Heritage Park is located at 1098 Woodcreek Oaks Blvd. inRoseville, which is a northeastern suburb of Sacramento. The unitmix includes two-, three- and four-bedroom units averaging 946 sf.Community amenities include two swimming pools, a sport court, aclubhouse and a daycare facility.

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It was built in 1992 using low income housing tax credits. Until2047, the units may only be rented to people earning no more than50% to 60% of the area median income.

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"Heritage Park was a great tax credit re-syndication opportunitybecause the combination of below market rents and a lack ofaffordable housing in the affluent suburb of Roseville ensure thatthe asset will remain well occupied," says HFF's Atlanta-basedmanaging director David Fournier, who led the sales team with HFFdirector Robert Ryan. "Investor interest in the asset wasexceptional and the bidding process very competitive."

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