DEVELOPER INFO:
Overland Property Group, LLC was founded in 2002 and has offices in Overland Park, Kansas, Topeka, Kansas, and Dallas, Texas. With 10 years in real estate development, Overland Property Group team discovered that their unique skill-sets and their “calculated risk” approach to development are the reasons that their company was finding tremendous success in the affordable housing business. Their remarkable growth and ability to “differentiate” their products from their competition has become the driving force in their company’s success. As one of the largest owner/developers in the midwest, OPG has developed and owns more than 25 developments, totaling over 1,500 units and $130 million of both “affordable” and “market-rate” apartments. OPG has developed more than 600 tax credit units in 18 developments in the State of Kansas. They also have developed and own 2 developments with more than 330 units through the HUD 221d(4) program, and more than 200 units of conventionally financed apartments in 3 developments.
PROJECT INFO:
The Reserves at Mill Farm is a mixed-income, 32-unit, new construction walk-up development consisting of 16 two-bedroom units and 16-three bedroom units. The overall development includes two identical 16-unit buildings, a community clubhouse and 69 total parking spaces, 5 of which are handicap accessible.
A total of 16 units and all of the units on the first floor are handicap accessible, and six total units are accessible for those with hearing/vision needs. The City of Pella was very supportive of the project. Phase II, adjacent to this development, was also approved by the Iowa Finance Authority and will start construction in Summer/Fall 2019.
Project Funding Sources:
Lightengale’s Role:
