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Salem Manor

Category: Projects

Salem Manor

2260 S East Parkway
Memphis, TN

Residential rental apartments (low-income)

Property NameSalem Manor
Project Cost$6,614,748
DistrictOutside CBID
Approval Date1997-02-18
Year Opened1998


PILOT Details

LesseeSalem Manor LP
Lessee AddressFrank E. Ray, Sr., 2231 South Parkway East, Memphis, TN 38114
Term10 Years
Approval DateFebruary 18, 1997
Close Date12/23/1997 0:00:00
Extension Term Years15
Term Date2/12/2020 0:00:00
Term Mos120.00
Extension Term Mos180
Status From DateTerminated
Expected Term Date2/12/2020 0:00:00
Remaining PILOT Years0.00
Pilot Documents
Instrument #JP3069
August 1, 1999 - Assignment of rents
Instrument #HB5137
December 23, 1997
Instrument #20017489
February 12, 2020 - Quit Claim dissolving the PILOT