What is Terra Properties?
Terra Properties is a comprehensive real estate management firm specializing in residential properties, including apartments, single-family homes, and homeowners' associations. The company's extensive apartment portfolio spans Southern Illinois, encompassing both conventional and federally subsidized units supported by Rural Development and Housing & Urban Development (HUD). With over fifteen years of experience in the Federal Low Income Housing Tax Credit Program (LIHTC), Terra Properties has garnered recognition from state and federal agencies like the Illinois Housing Development Authority (IHDA) and the IRS. Their in-house maintenance division provides full-service support, handling plumbing, electrical, appliance repairs, and overseeing major projects such as roof and siding replacements. Additionally, Terra's Commercial Division offers a diverse portfolio of office, warehouse, and retail spaces, alongside build-to-suit development services for lease or purchase in the St. Louis Metro East area.
How much funding has Terra Properties raised?
Terra Properties has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Terra Properties
PPP
Public-Private Partnership
What's next for Terra Properties?
The recent large-scale late-stage funding and major strategic investment indicate Terra Properties is poised for significant expansion and operational enhancement. This capital infusion is likely to fuel further development of their property portfolio, potentially through acquisitions or new construction projects. Furthermore, the company may leverage this investment to enhance its technological infrastructure, improve property management services, and broaden its geographic reach. The strategic backing suggests confidence from investors in Terra Properties' established track record and its capacity to capitalize on emerging market opportunities within the residential and commercial real estate sectors.
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