Westlake Housing, LP is a nationwide, long-term Owner/Operator of affordable housing communities offering a full range of property management and consulting services. As a replacement General Partner and Property Management company, Westlake Housing specializes in repositioning affordable housing (LIHTC) properties utilizing proactive and aggressive asset and property management strategies, on behalf of our clients and their investors.
Investment / GP Replacement Services
Our General Partner Replacement Team specializes in repositioning LIHTC properties. A multi-step process which begins with thorough due diligence in order to develop a customized strategy for utilizing each property. We identify trends and sensitivities in the rental market, conduct a complete compliance audit and develop and implement capital improvement plans. We employ a comprehensive review of management and operations to identify inefficiencies and to enhance the bottom line. Where feasible, Westlake Housing will work with lenders to restructure property debt. Once asset stabilization is achieved, Westlake implements its proactive asset management methods to maximize performance for the remainder of the investment period.
Our Property Management Team utilizes state of the art management systems to maximize returns for our investors. Our full service management strives to realize the full potential of each asset by incorporating: LIHTC Compliance, Cost Reduction Strategies, Energy Conservation, Preventative Maintenance, Rent and Market Surveys, Lease Administration, and Capital Improvements and Upgrades.