Investment introduction paragraphs
AEON Housing, Inc.
Seasons park was originally completed in 1966 and consists of 422 units across 20 three-story, garden-style buildings. In 2017, the property was in need of a capital infusion and stronger long-term ownership and management
CDT has a strong, capable and well-aligned partner in AEON. Formed in 1986, AEON is a top-tier non-profit housing developer in the Twin Cities region and they have an excellent understanding of the local market
AEON is also a member of the Housing Partnership Network Equity Trust, among many other national industry groups. It owns over 2,600 units in 43 properties throughout the region and has a long history of working with state and local subsidy providers.
CDT’s investment in the property was $13,900,000.
CDT’s investment facilitated the conversion of a currently unrestricted property to a 100% long-term affordable community serving families earning less than 60% of the AMI.
AEON not only owns and manages its properties but also provides social services through its “Resident Connections” program.