Property
- Occupancy
- Elderly / disabled
- Construction
- Non-combustible, mid-rise
- Year built
- 2019
- Flood zone
- X
- CAT
- Wind / hail
- Named insured
- Elm Senior LP
- Manager
- Northbank Management LLC
DevelopmentsPlaced LIHTC / operating
ES
Elm Street Senior
88 Elm Street, Durham, NC 27701
9% LIHTC · senior / PBRA · placed 2019
Units
80
Occupied
79 / 80
TIV
$16.6M
Properties
1
Insurance program
- Program
- Elm Senior LP project
- Type
- Project — 9% senior
- Carrier
- Admitted package
- Term
- 2025-09-03 → 2026-09-03
- AOP deductible
- $10K AOP
- Named storm
- 2%
- Flood
- Zone X — none
- GL / umbrella
- $1M / $2M · $15M
Buildings and parcels
1 property on this development — COPE on each line.
| Property | Construction | Occupancy | Protection | Exposure | TIV |
|---|---|---|---|---|---|
Elm Street Senior — tower 88 Elm Street | Non-combustible (ISO 3) 72,000 sf · 2019 · 5 sty TPO · Roof replaced 2019 | Elderly / disabled Elevator senior / PBRA · 80 units | Wet pipe (NFPA 13) Smoke Yes · Central Yes PPC 2 | Zone X Downtown commercial / residential | $16.6M Bldg $14.6M Contents $1.0M LoR $1.0M |
Coverage on this program
Property — Elm Senior LP
Elm Senior LP
$16.6M TIV
$10K AOP · 2% named storm
$48,000 · $.29 / $100 TIV
Conversion observation
Elevator senior. PBRA. Independent living. Project program in the LP name.
Placed. The LP is the named insured. Coverage that belongs to this partnership stays on this project program.
- In conversion
- Placed LIHTC / operating
- Year 15