Icon Heritage Fund
Icon Heritage Partneres focuses on opportunistic and value-add real estate opportunities in strong gateway cities and in high growth and emerging markets with strong real estate fundamentals, high density, population growth, and dynamic economies and in communities at the center of or near the path of progress. IHP is currently developing a 138-unit former senior housing building in Detroit to be redeveloped as an affordable assisted living facility to fill inventory shortage for affordable senior housing. The project, estimated at about $25 million, is being financed using 4% and 9% Low Income Housing Tax Credits (LIHTC) and will be the second affordable ALF in Detroit.
The fund is managed by Fabiola Fleuranvil. Fabiola started her real estate investing career in 2003 when she purchased her first few investment properties in Atlanta. Fabiola is Managing Partner of Icon Heritage Partners, real estate development and investment firm.
Fabiola is a native of Miami and graduated from Florida A&M University with a Bachelor's in Business Administration and an MBA from Clark Atlanta University.
"As a developer, my greatest value proposition is a commitment towards holistic equitable development to focus on investments that promote smart growth, urban revitalization, and meets a community's hierarchy of needs." - Fabiola Fleuranvil