2011 Arizona Projects Completed

GAR Associates successfully completed a number of tax credit application studies in February and March of 2011 for submission to ADOH. Reports were prepared in both Phoenix and Tempe, relating specifically to family orientated projects. Our analysis indicated that the market is beginning to stabilize in regards to occupancy, but all areas are still showing signs of pressure regarding rents. We met with representatives of ADOH to review concerns pertaining to the application process and their current QAP and integrated the results of these conversations into our analyses. If any additional information is necessary pertaining to our experience in Arizona, please feel free to contact Scott Allen at 716-691-7100, ext. 3019 or sallen@garappraisal.com.