What We Do At Pennant Housing Group
The principals of Pennant Housing Group ("PHG") have nearly 70 years of combined experience in real estate development. PHG understands the complexity of preservation transactions and the balancing of stakeholders and competing interests.
Development Services
- 9% and 4% LIHTC preservation
- Sourcing Debt Financing (tax-exempt bond structuring)
- LIHTC equity syndication
- Section 8 HAP Renewal, including Mark-Up-to-Market and Section 236 IRP Decoupling
- Real Estate Tax Abatement (PILOT)
- Collaborating with Architects and General Contractors to develop scope of work
- Complex financial underwriting and modeling
- Cost certification and IRS form 8609
- Construction monitoring, unit lease-up and tenant certification
- Temporary tenant relocation
Investment Management
- Investor financial and compliance reporting
- Fund management, including return analysis and waterfall distribution
- Debt Refinancing & Asset Disposition
Asset Management Services
- Preparation of property business plans to generate cash flow and value
- Analysis of property performance vs budget including revenue maximization & controllable / non-controllable expense review
- Property contract procurement and review
