I would have thought a project this size in a good market like C Springs would have attracted larger buyers with institutional funds.

Appreciate any information.https://cal-rha.org/advocacy/a...Rent Control ExemptionsIf your property is included in the list below, it is exempt from AB 1482:Housing restricted by a deed, regulatory restriction contained in an agreement with a government agency, or other recorded document as affordable housing for persons and families of very low, low, or moderate income, as defined by the law;Dormitories constructed and maintained in connection with any higher education institution within the state for use or occupancy of students in attendance at the institution;Housing subject to more restrictive rent control ordinances;New Construction – housing that was issued a certificate of occupancy with the previous 15 years.

I've been under the impression institutional money found the asset class several years ago and drove yield down through aggressive bidding.

I recommend you check for a local chapter of the Community Association Institute, and check out their resources.

@Ingrid B.You will not benefit putting your money in these big institutions. 

@Michael DohertySo you found a person to loan you majority of the money initially and refinance that loan with an actual institution?

Financing is in place as is an institutional equity partner.

These replaced institutions that used to house those who become adults and are disabled from childhood.

I have to underwrite each property fully.And anything much under 100 units is not manageable, at least not institutionally.

I hope that your state has instituted rules that will allow you to do the same.