August 2010
WNC Closes 50th Fund$153 Million Multi-Investor Fund
WNC has closed its 50th fund, WNC Institutional Tax Credit Fund 32, L.P. (Corp 32), a $153 million multi-investor fund. Corp 32 is a national fund that is acquiring 24 properties in 13 states across the nation, including properties in the non-continental states of Hawaii and Alaska. The projects will have a combined total of more than 1,800 units in the states of AK, CA, CO, HI, IA, IL, IN, MA, MN, ND, NY, SC and WI. Eleven of the 19 developers have repeat relationships with WNC. A mix of ten repeat and new investors will invest in the fund.
WNC has sponsored over 190 tax credit and pre-tax credit offerings since 1971. Past funds have included national and state institutional funds, public, private, pre-tax credit, and New Markets Tax Credit (NTMC) funds. Its nationwide portfolio includes over 1,050 properties in 44 states.
