City View Towers are twin high-rise apartments overlooking downtown Memphis, TN. City View is the largest Section-8 community in Tennessee and the one of the best for seniors over the age of 62 to call home. The property has an Elderly designation with HUD, and we pride ourselves on our ability to provide seniors with an affordable, safe, and comfortable living environment in the Memphis area.
We have two floor plans at City View; take your choice of one of our spacious studio, or one-bedroom homes. Most units come with a private balcony for residents to sit out and enjoy the view of downtown and the Mississippi River. Residents will also enjoy socializing with one another in our large community room, or taking advantage of our on-site barber shop and sundry store. We offer covered, off-street parking and controlled building access for the comfort and safety of our residents.
City View offers all its residents excellent accommodations, a professional on site staff, 24-hour emergency maintenance response and a great place to call home.
ABOUT US
Silver Tree Residential, LLC (STR) was formed under the vision of James Carmichael as the exclusive means to achieve the quality standards he strives for in each of his senior and family housing communities. STR is the sole management company for the communities owned by Mr. Carmichael as well as those owned by Housing Preservation, Inc. By capitalizing on a network of hundreds of employees across the country, STR provides exceptional property management services for 59 communities; totaling 8,496 apartments homes for over 9,500 seniors and families.
To provide the highest level of service, we are headquartered in Memphis, TN, centrally located to many of our communities. We manage both senior and family communities designated with Project Based Section 8 Rental Assistance. Our management team is experienced in handling the complexities of the ever-changing arena of HUD compliance and regulations.
WHY STR
Our primary goal is to provide the best quality housing possible to our residents with safe, quiet, and amenity filled communities. Our exhaustive resident screening process is important to making each property successful, by aiming to improve the quality of our residents' living environment. Furthermore, we have been successful in achieving extremely high REAC and MOR scores in all of our communities. It is through this firm commitment to excellence, that we at STR demonstrate a resounding record of success with our ever-growing portfolio of housing communities.
About Us
The Acquisitions team at Silver Tree Residential is highly experienced and focused on the successful preservation goal of our organization. Our track record in successful transactions and post-closing rehabilitations is geared toward minimal disruption to existing residents and current staff. The goal is to always ensure long-term affordability for current and future residents for many years to come.
PRESERVATION SALES
• ensure housing remains affordable for existing and future residents
• positively impact the residents
• recapitalize the community and perform physical upgrades as needed
• create equity for existing non-profit owner groups
STR IS ABLE TO
• Provide guarantees and certainty to ensure affordability is maintained
• Structure preservation transactions that are economically competitive
• Provide references from previous sellers
• Provide references regarding our financial capacity and abilities to perform
• Provide MOR and REAC scores for all assets we own
OUR MISSION
Silver Tree Residential (STR) is an industry leader, focused on the long-term preservation of affordable housing communities. Our portfolio consists of communities from a variety of HUD programs, from Section 202 Supportive Housing for the Elderly, to Section 236, M2M, PRAC, HUD-insured loans, and Project Based Section 8 Rental Assistance.
Our mission throughout the growth of our organization has been to focus on the retention of affordability and continued participation in the HUD program of public funded affordable housing. The STR team are experts in the acquisition, development, rehabilitation and management of affordable housing communities.
The staff at STR are committed to development and rehabilitation methods that offer the least disruption possible to our residents. All the while maximizing the most benefit to the community so that our buildings can remain affordable for future generations.
NATIONAL BUYER
STR is centrally located in the US, and we own and operate properties nationwide. Our central location means we are never far from our residents and have strong working relationships with staff at all HUD Multi-family HUBS, as well as in Washington DC.
STR embraces the concept of Aging in Place. This concept ensures we not only provide housing, but also services that help our senior residents manage their life and needs. Our community-based resident Service Coordinators help ensure our seniors participate and receive the support of any and all social programs available to them.
