The Park Hill Apartments Portfolio consists of eight, six-story buildings located at 140-180, 185-225 and 240-280 Park Hill Avenue, and contain 1,117 residential units across approximately 1.1 million square feet. The buildings encompassing the Property are contiguous and span three tax lots across nine acres. Rental income from the Portfolio is subsidized by the United States Department of Housing and Urban Development (“HUD”), through its project-based Section 8 Housing Assistance Payments program. Delshah has owned the Property for over 20 years and has performed significant upgrades to the Property during its ownership.