Tracked Assets: 24 · Total FHA Debt: $563,999,500 · Annual Section 8 Mark-Up-To-Market Upside: +$300,142/yr
| Property / FHA # | Original FHA Loan | 10-Yr Step-Down Status | Sec 8 Rent-to-FMR Upside | TRACS Management Agent |
|---|---|---|---|---|
| COLUMBUS PLAZA Butte-Silver Bow, MT · FHA #TRACS-800012346 | $11,050,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 71.0% FMR (+$187,514/yr) | COLUMBUS PLAZA INC columbusplza@gmail.com |
| Highgate Senior Living - Billings Billings, MT · FHA #093-22039 | $19,929,000 | 1% NEAR-PAR STEP-DOWN WINDOW | 0.0% FMR (+$0/yr) | Buron, Inc. melanie.danelson@highgateseniorliving.com |
| Northwest Crossing Apartment Homes Phase I Bozeman, MT · FHA #093-11039 | $56,536,900 | HIGH-RATE VINTAGE (2025) IRR RESET | 0.0% FMR (+$0/yr) | RAM Partners LLC (dba RAM Apartment Management) locked-tracs-contact@••••.com (Pro Unlock) |
| 2131 Graf Phase II Little Shell Chippewa Tribe, MT · FHA #093-35150 | $72,849,600 | HIGH-RATE VINTAGE (2023) IRR RESET | 0.0% FMR (+$0/yr) | RAM Partners LLC (dba RAM Apartment Management) locked-tracs-contact@••••.com (Pro Unlock) |
| 2131 Graf Little Shell Chippewa Tribe, MT · FHA #093-35142 | $50,979,700 | HIGH-RATE VINTAGE (2022) IRR RESET | 0.0% FMR (+$0/yr) | RAM Partners LLC (dba RAM Apartment Management) locked-tracs-contact@••••.com (Pro Unlock) |
| InterUrban II Billings, MT · FHA #093-35144 | $37,708,300 | HIGH-RATE VINTAGE (2022) IRR RESET | 0.0% FMR (+$0/yr) | WestCorp Management Group One Inc locked-tracs-contact@••••.com (Pro Unlock) |
| SOUTH FORTY APTS Billings, MT · FHA #093-11036 | $16,140,000 | HIGH-RATE VINTAGE (2023) IRR RESET | 133.5% FMR (+$0/yr) | Seldin LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Village Health & Rehabilitation Center, The Missoula, MT · FHA #093-43032 | $7,571,600 | 0% PAR REFI UNLOCKED | 0.0% FMR (+$0/yr) | The Goodman Group, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| RIVER RUN APARTMENTS Great Falls, MT · FHA #093-35128 | $8,353,000 | 1% NEAR-PAR STEP-DOWN WINDOW | 87.2% FMR (+$52,589/yr) | REL Operations MT, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| ASPEN VILLAGE Great Falls, MT · FHA #093-35157 | $9,160,000 | HIGH-RATE VINTAGE (2025) IRR RESET | 104.4% FMR (+$0/yr) | Seldin LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Bridger Peaks Bozeman, MT · FHA #093-35145 | $7,267,000 | HIGH-RATE VINTAGE (2022) IRR RESET | 0.0% FMR (+$0/yr) | Cornerstone Residential LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Franklin School Apartments Great Falls, MT · FHA #093-35155 | $5,769,100 | HIGH-RATE VINTAGE (2025) IRR RESET | 0.0% FMR (+$0/yr) | Seldin LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Aurora Apartment Homes Great Falls, MT · FHA #093-11042 | $51,893,500 | LOCKOUT STEP-DOWN (10% PENALTY) | 0.0% FMR (+$0/yr) | Farran Property Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Yellowstone Landing Belgrade, MT · FHA #093-11040 | $37,902,700 | LOCKOUT STEP-DOWN (10% PENALTY) | 0.0% FMR (+$0/yr) | ERES Property Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Shiloh Commons Billings, MT · FHA #093-11029 | $34,233,700 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | WestCorp Management Group One Inc locked-tracs-contact@••••.com (Pro Unlock) |
| Sundance Apartments at Baxter Meadows Bozeman, MT · FHA #093-11027 | $30,960,000 | LOCKOUT STEP-DOWN (4% PENALTY) | 0.0% FMR (+$0/yr) | FPM Residential LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Icon Apartment Homes at Ferguson Farm II Bozeman, MT · FHA #093-35139 | $26,015,800 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | RAM Partners LLC (dba RAM Apartment Management) locked-tracs-contact@••••.com (Pro Unlock) |
| Highgate Senior Living - Bozeman Bozeman, MT · FHA #093-22048 | $22,111,300 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Buron, Inc. locked-tracs-contact@••••.com (Pro Unlock) |
| CLARK FORK RIVERSIDE Missoula, MT · FHA #TRACS-800012344 | $11,305,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 124.5% FMR (+$0/yr) | Foster & Associates locked-tracs-contact@••••.com (Pro Unlock) |
| MISSOULA MANOR HOMES Missoula, MT · FHA #TRACS-800012398 | $10,710,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 104.3% FMR (+$0/yr) | Missoula Manor Homes locked-tracs-contact@••••.com (Pro Unlock) |
| PONDEROSA ACRES Billings, MT · FHA #TRACS-800012410 | $10,200,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 104.9% FMR (+$0/yr) | Seldin LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Silvertip Apartments Missoula, MT · FHA #093-35140 | $6,568,300 | LOCKOUT STEP-DOWN (5% PENALTY) | 87.5% FMR (+$14,160/yr) | Missoula Housing Authority locked-tracs-contact@••••.com (Pro Unlock) |
| ROSEPARK PLAZA Billings, MT · FHA #TRACS-800012416 | $9,520,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 124.9% FMR (+$0/yr) | Capital Realty Group Inc locked-tracs-contact@••••.com (Pro Unlock) |
| PRAIRIE TOWER APARTMENTS Billings, MT · FHA #TRACS-800012413 | $9,265,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 91.2% FMR (+$45,878/yr) | Tamarack Property Management CO locked-tracs-contact@••••.com (Pro Unlock) |