Emerson International began in 1981 as a professional real estate research company which has now completed more than 105 Feasibility, Acquisition, and Market Studies for a worldwide clientele. Over the past two decades, Emerson has had 12 active property management offices in 8 western states managing more than $1 billion in residential and commercial assets, served as a licensed real estate advisor and SAMDA fiduciary for the RTC overseeing more than $1.75 billion in commercial assets, and has published the well received MEGATRON® Real Estate research service to an international clientele.

International Development Group (IDG) began in 1991 with a primary mission to supply affordable housing to key metropolitan markets along the I-15 corridor in the Western United States. To date, IDG has been awarded eleven 9% Low Income Housing Tax Credit (LIHTC) allocations and 10 private activity bond allocations totaling nearly $225 million in awards. In addition to IDG’s private portfolio of 23 affordable apartment communities totaling 2,750 units, IDG has also actively been developing two types of market-rate communities: (1) Blue-chip, market-rate apartment communities located adjacent to existing LIHTC properties in order to take full advantage of centralized management and volume discounts; and (2) mixed-use, luxury, apartment communities which incorporate retail, office, and condominium-style apartment living in a vertically integrated mixed-use environment. IDG has developed 3 market-rate communities which combine with LIHTC communities totaling approximately 500 units and creating a reduction in operating expenses by an average of 11%. IDG is now developing two mixed-use properties (see map on page 1.7 for corporate portfolio).

{IDG has four owners: Stephen Ben Terry - 55%; Larry D. Kocherhans - 28%; Grant Lyman Adams - 11%; Rob Mayne - 6%}

Horizon Investment and Management Corp., AMO® is an accredited management company with the Institute of Real Estate Management since 1985. Horizon has five Certified Property Managers (CPM®) who insist on providing the highest levels of professional property management services. Horizon’s Federal LIHTC Compliance Program is fully accredited and second to none. Four of Horizon’s compliance personnel are fully certified as Housing Credit Compliance Professionals (HCCP®). Horizon’s Manual of Operations (MO®) is a cutting edge training tool of more than 1,250 pages which establishes a basis for comprehensive employee instruction and regular management Seminars and conferences. Horizon has the advantage of key executives and owners who have a cumulative 175 years of professional property management experience specializing in the multifamily industry.