Tracked Assets: 29 · Total FHA Debt: $669,778,100 · Annual Section 8 Mark-Up-To-Market Upside: +$350,883/yr
| Property / FHA # | Original FHA Loan | 10-Yr Step-Down Status | Sec 8 Rent-to-FMR Upside | TRACS Management Agent |
|---|---|---|---|---|
| VILLAGE AT FOX POINT APTS Wilmington, DE · FHA #032-11052 | $37,952,000 | 2% NEAR-PAR STEP-DOWN WINDOW | 0.0% FMR (+$0/yr) | GREYSTAR RS NE, LLC vfpmgr@greystar.com |
| Valley Stream Village Newark, DE · FHA #032-11069 | $23,000,000 | HIGH-RATE VINTAGE (2022) IRR RESET | 0.0% FMR (+$0/yr) | Capano Management Company chaupt@capanoinc.com |
| Seaglass at Rehoboth Rehoboth Beach, DE · FHA #032-11079 | $50,155,000 | HIGH-RATE VINTAGE (2025) IRR RESET | 0.0% FMR (+$0/yr) | Ocean Atlantic Management, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Weston Willows Georgetown, DE · FHA #032-11078 | $47,957,800 | HIGH-RATE VINTAGE (2024) IRR RESET | 0.0% FMR (+$0/yr) | The Preston A Schell Revocable Trust locked-tracs-contact@••••.com (Pro Unlock) |
| The Residences at Rodney Square Wilmington, DE · FHA #032-11076 | $44,241,000 | HIGH-RATE VINTAGE (2024) IRR RESET | 0.0% FMR (+$0/yr) | BPG Real Estate Services LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Villas at Bridgeville Bridgeville, DE · FHA #032-35164 | $38,304,600 | HIGH-RATE VINTAGE (2023) IRR RESET | 0.0% FMR (+$0/yr) | Allen & Rocks, Inc. locked-tracs-contact@••••.com (Pro Unlock) |
| QUAKER HILL PLACE Wilmington, DE · FHA #032-11075 | $19,694,700 | HIGH-RATE VINTAGE (2023) IRR RESET | 124.8% FMR (+$0/yr) | The Boston Land Co. Management Services, Inc. locked-tracs-contact@••••.com (Pro Unlock) |
| SEAFORD MEADOWS APARTMENT Seaford, DE · FHA #032-11077 | $12,000,000 | HIGH-RATE VINTAGE (2025) IRR RESET | 114.8% FMR (+$0/yr) | Arbor Management, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| STONEYBROOK TOWNHOMES Claymont, DE · FHA #032-11063 | $11,845,800 | LOCKOUT STEP-DOWN (5% PENALTY) | 79.8% FMR (+$240,346/yr) | Arbor Management, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Kirkwood Crossing Wilmington, DE · FHA #TRACS-800243070 | $14,025,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 58.3% FMR (+$41,362/yr) | Fairville Management Company, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Cynwyd Club Apartments Wilmington, DE · FHA #TRACS-800243071 | $11,050,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 70.7% FMR (+$33,157/yr) | Fairville Management Company, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| INGLESIDE RETIREMENT APARTMENTS Wilmington, DE · FHA #032-11043 | $3,150,000 | 0% PAR REFI UNLOCKED | 123.0% FMR (+$0/yr) | INGLESIDE HOMES INC. locked-tracs-contact@••••.com (Pro Unlock) |
| Residences at Justison Wilmington, DE · FHA #032-11064 | $50,720,000 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | BPG Real Estate Services LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Beach Plum Dunes Lewes, DE · FHA #032-11083 | $36,800,000 | LOCKOUT STEP-DOWN (10% PENALTY) | 0.0% FMR (+$0/yr) | Ocean Atlantic Management, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| RESIDENCES AT MIDTOWN Wilmington, DE · FHA #032-35160 | $36,549,800 | LOCKOUT STEP-DOWN (4% PENALTY) | 0.0% FMR (+$0/yr) | BPG Real Estate Services LLC locked-tracs-contact@••••.com (Pro Unlock) |
| CHRISTINA LANDING Wilmington, DE · FHA #032-11059 | $31,680,000 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | BPG Real Estate Services LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Carillon Woods Millsboro, DE · FHA #032-11061 | $28,960,000 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | MRM Residential Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Middletown Apts. Middletown, DE · FHA #032-11058 | $28,000,000 | LOCKOUT STEP-DOWN (4% PENALTY) | 0.0% FMR (+$0/yr) | Lenape Properties Management locked-tracs-contact@••••.com (Pro Unlock) |
| SCHOOL BELL Bear, DE · FHA #032-11057 | $23,371,500 | LOCKOUT STEP-DOWN (4% PENALTY) | 0.0% FMR (+$0/yr) | Switzenbaum & Associates Inc locked-tracs-contact@••••.com (Pro Unlock) |
| BNAI BRITH HOUSE-DE Claymont, DE · FHA #032-11056 | $12,000,000 | LOCKOUT STEP-DOWN (4% PENALTY) | 97.3% FMR (+$36,017/yr) | FHRC Management Corporation locked-tracs-contact@••••.com (Pro Unlock) |
| WINDSOR APARTMENTS Wilmington, DE · FHA #032-11054 | $10,308,900 | LOCKOUT STEP-DOWN (3% PENALTY) | 128.8% FMR (+$0/yr) | Arbor Management , LLC locked-tracs-contact@••••.com (Pro Unlock) |
| LUTHER TOWERS I & II Wilmington, DE · FHA #TRACS-800003854 | $31,025,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 110.2% FMR (+$0/yr) | RA Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| LUTHER TOWERS Dover, DE · FHA #TRACS-800003851 | $12,665,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 131.6% FMR (+$0/yr) | Lutheran Senior Services of Dover Inc locked-tracs-contact@••••.com (Pro Unlock) |
| SILVER LAKES ESTATES Milford, DE · FHA #TRACS-800003873 | $12,410,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 103.4% FMR (+$0/yr) | Owner's Management Company locked-tracs-contact@••••.com (Pro Unlock) |
| THE ANTONIAN Wilmington, DE · FHA #TRACS-800003875 | $11,560,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 101.3% FMR (+$0/yr) | ST. ANTHONY'S HOUSING MANAGEMENT CORP. locked-tracs-contact@••••.com (Pro Unlock) |
| Linkside Village Bridgeville, DE · FHA #032-11081 | $4,960,000 | LOCKOUT STEP-DOWN (10% PENALTY) | 0.0% FMR (+$0/yr) | Miller Commercial Real Estate & Property Management Inc dba SVN-Miller Commercial Real Estate locked-tracs-contact@••••.com (Pro Unlock) |
| The Park View Wilmington, DE · FHA #032-11055 | $9,500,000 | LOCKOUT STEP-DOWN (3% PENALTY) | 0.0% FMR (+$0/yr) | Wilmington Housing Authority locked-tracs-contact@••••.com (Pro Unlock) |
| SPENCER APTS New Castle, DE · FHA #032-11060 | $6,712,000 | LOCKOUT STEP-DOWN (5% PENALTY) | 105.0% FMR (+$0/yr) | Arbor Management, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| MARYDALE RETIREMENT VILLAGE Brookside, DE · FHA #TRACS-800003862 | $9,180,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 102.6% FMR (+$0/yr) | CATHOLIC MINISTRY TO ELDERLY,INC. locked-tracs-contact@••••.com (Pro Unlock) |