Salem Manor
Category: Projects
Salem Manor
2260 S East Parkway
Memphis, TN
Residential rental apartments (low-income)
| Property Name | Salem Manor |
|---|---|
| Project Cost | $6,614,748 |
| District | Outside CBID |
| Status | Completed |
| Approval Date | 1997-02-18 |
| Year Opened | 1998 |
PILOT Details
| Lessee | Salem Manor LP |
|---|---|
| Lessee Address | Frank E. Ray, Sr., 2231 South Parkway East, Memphis, TN 38114 |
| Term | 10 Years |
| Approval Date | February 18, 1997 |
| Close Date | 12/23/1997 0:00:00 |
| Extension | 1 |
| Extension Term Years | 15 |
| Term Date | 2/12/2020 0:00:00 |
| Term Mos | 120.00 |
| Extension Term Mos | 180 |
| Status From Date | Terminated |
| Expected Term Date | 2/12/2020 0:00:00 |
| Remaining PILOT Years | 0.00 |
| 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 |