Page 5 - OPG Presentation - Wolfforth
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OVERLANDPROPERTYGROUP
est. 2002
Overland Property Group, LLC began in October 2002 as Overland Ventures with the specific purpose of pursuing State and Federal Tax Credits for the development of affordable family housing and independent senior living projects throughout the Midwest and Southwest. Since 2002, OPG has been awarded over $180 Million in State and Federal Tax Credits and over $30 Million in tax exempt bonds. These allocations have helped fund the construction of over 2,000 units for both market-rate & income qualified tenants across Kansas, Missouri, Iowa, Colorado and Texas.
OPG's business model is evolving as well. Initially, OPG developed strictly small affordable housing projects, (50 units or fewer). As demand from "market rate" renters increased, so did OPG's production of mixed-income properties in which low-income tenants lived side by side with market rate tenants. As the amount of "market rate" renters grew so has OPG's development portfolio to include full "market rate" complexes.
OPG approaches these markets with the same philosophy that has made OPG successful in the affordable housing sector; out-build the competition with exceptional design, amenities and services that go far beyond what is expected for the product. This is what allows us to penetrate markets, (tax-credit or otherwise), far more effectively than the old-school development approach.!
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