Michel Associates, Ltd. Closes $28 Million Private Equity Fund

Boston, MA (March 8, 2016) – Michel Associates, Ltd., today announced the closing of the Company’s Countryside Corporate Tax Credits Fund XXIII, a $28 million Low-Income Housing Tax Credit (LIHTC) fund. The Fund is expected to invest in a portfolio of multifamily properties located in New England.

Commenting on the closing, Ken Michel, President and Chief Executive Officer of Michel Associates said, “Our team has put together a strong portfolio of properties. We very much appreciate the confidence of our corporate investors and developer partners.”

The Fund is comprised of three family properties located in Massachusetts and New Hampshire. The 149 units contained in the properties acquired by the Fund increases the firm’s portfolio to approximately 13,000 units.

Quincy, MA

Quincy, MA