Lakeside Pointe at Nora Apartments

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The Lakeside Pointe at Nora Apartments project consists of a 588-unit multifamily rental housing development located at 900 North College Avenue, Indianapolis, Indiana (“Lakeside Pointe”). Lakeside Pointe is owned by Fox Lake AHF, Inc., a wholly owned affiliate of the Sole Member. The Sole Member acquired the membership interest in Fox Lake AHF, Inc., a Delaware nonprofit corporation, on February 18, 2016.  Fox Lake AHF, Inc. acquired Lakeside Pointe on November 28, 2007, in connection with the issuance of $29,700,000 in aggregate principal amount of City of Indianapolis, Indiana Multifamily Revenue Refunding Bonds (Lake Nora and Fox Club Projects) Series 2007. As of August 1, 2016, the units in Lakeside Pointe are 93% occupied.  The project has made all debt service payments, when due, and is in material compliance with its financial and operating covenants. The Bonds are supported by a Fannie Mae credit facility.