Boca Raton, FL, Jan 13, 2016: 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.
"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." said A. Yoni Miller, Principal of QuickLiquidity.
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.
