Cherry Grove

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Cherry Grove Apartments is an existing 76-unit affordable family apartment development located in Altoona, Pennsylvania.  The property consists of seven, two-story apartment structures, a single-story community building, and a maintenance building.  Utilizing HUD’s Section 221(d)(4) program for substantial rehabilitation, AGM obtained a HUD-insured mortgage of $6,041,000 with a 40-year at a fixed interest rate.  Equity of approximately $3,732,529 was provided through the sale of 4% low-income housing tax credits (LIHTC).

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Myles Perkins

Myles has spent more than 15 years in commercial real estate with experience in asset management, acquisitions, dispositions, and financing. Prior to joining AGM he was a Vice President of asset management with The JBG Companies in Chevy Chase, MD. Before joining JBG, Myles was an investment analyst for the Akridge Companies in Washington, DC. He also spent several years underwriting and originating GSE debt at Reilly Mortgage Group before it was acquired by Wells Fargo. B.A. Geography, Bucknell University; MBA, Darden School of Business, The University of Virginia.