866.777.7228   •    Send an Email
      

    As a leader in the multi-family industry, API grew into a group of interrelated organizations all dedicated to providing high-quality and unique housing solutions. The projects listed here are representative projects principals, Mike Godwin, Kevin King, Cynamon Willis, and Thompson Gooding, participated in as officers, and/or development team members.

    Under the Ambling flag, over 22,000 student beds, over 18,000 of affordable and conventional housing were developed, with values exceeding $1.5 billion.

    From 2011-2018, Ambling in its GP and Asset Management role refinanced, renovated, and repositioned the majority of the owned assets. From 2019-2021, Ambling led the disposition process for approximately 57 properties, with gross sales of $386M. The resulting sales achieved IRR in excess of both Ambling’s and ERI’s(Equity Partner) expectations.

    In 2020, Ambling began a new cycle of development projects, which includes acquisition rehab and new construction. Housing types include market rate apartments and senior living (assisted living, memory care, and independent living). In addition to development, Ambling has maintained a large property management presence, and has added Park Terrace Development as an expert consulting arm for affordable and workforce housing developers.

    In addition to development, Ambling has a strong background in financing numerous taxable and tax exempt bond transactions, Ambling has utilized several different types of credit enhancement vehicles including HUD insurance, bond insurance and letters of credit. Many other transactions are financed with the participation of private equity and Low Income Housing Tax Credit (LIHTC) equity.

    The Madison Owl’s Head – Market Rate

    Location:  Freeport, Florida

    Development Size:    $80.7M

    Property Overview:  300 Units

    Architect:  Niles Bolton Associates

    Contractor:  Great Southern LLC

    Wildlight – Senior AL, MC, & Independent

    Location:  Yulee, Florida

    Development Size:    $62.5M

    Property Overview:  174 Units

    Architect:  Stewart Connors Architects

    Contractor:  TBD

    Magnolia Heights – Acquisition Rehab

    Location:  Covington, Georgia

    Development Size:    $38M

    Property Overview:  200 Units

    Architect:  Studio 8 Design

    Contractor:  Great Southern LLC

    Fellowship Home – AL/MC Expansion

    New Independent Living Development

    Location:  Milledgeville, Georgia

    Development Size:    $52.4M

    Property Overview:  216 Units

    Architect:  Niles Bolton Associates

    Contractor AL/MC:  SC Barker Construction

    Contractor IL:  TBD