HomePreservation & Development
Our Mission
Preservation &Development
Together with its ownership partners, STR helps acquire, rehabilitate, and permanently preserve affordable housing communities originally developed under U.S. Department of Housing and Urban Development (HUD) programs.
Preservation Specialists
Our goal is to ensure these communities remain affordable and within HUD programs for current and future residents.
STR plays a hands-on role in every transaction, from due diligence through closing and post-closing rehabilitation. Our experience ensures each transition is handled with minimal disruption to residents and on-site staff.
Our management team is also well versed in HUD's complex and ever-changing compliance requirements, keeping every community in good standing long after the deal is done.
Contact the Acquisitions team- 27States
- 150+Communities
- 16,956Apartment Homes
- 17,000+Seniors & Families
Working with STR
When you work with us, we commit to:
- Keep housing affordable for current and future residents, with long-term affordability protections in place
- Improve residents' quality of life through better buildings, services, and management
- Recapitalize each community and make needed physical upgrades
- Protect the legacy and continue the mission of founding boards
- Welcome sellers' ongoing relationships with their residents and communities
- Create equity for existing nonprofit owner groups through economically competitive transactions
- Provide references from previous sellers, along with evidence of our ownership group's financial capacity and ability to perform
- Share MOR and NSPIRE scores for every community we manage
Inside our communities
Gallery of interiors
Memphis, TN 38120
phone (901) 290-6005 · TTY 711
fax (901) 592-4144