Washington Multifamily Equity Partners, LLC (WMEP) has been formed by Somerset Community Partners, LLC, to partner with other equity investors to acquire, renovate, and operate Class B and C "value add" multifamily properties, including Low Income Housing Tax Credit properties nearing the end of their initial tax credit compliance periods, in the greater Washington, DC and Baltimore metropolitan areas.
Somerset Community Partners, LLC (SCP) is the founder and manager of WMEP. SCP is a partnership between Somerset Development Company, LLC and New Community Partners, LLC, the principals of which have over 85 years of diverse experience in real estate planning, acquisition, transit-oriented and environmentally responsible development, finance and management, using a wide variety of public and private sources of funding.
WMEP has three primary objectives:
*This presentation neither constitutes an offer to sell nor a solicitation to invest in Washington Multifamily Equity Partners, LLC (the “Company”) or its affiliates. Offers to sell or solicitations to invest in the Company are made only by means of a confidential offering memorandum, a copy of which may be obtained only from Somerset Community Partners, LLC, and in accordance with applicable securities laws.