Our Strategy:
Affordable Housing

The Low-Income Housing Tax Credit (LIHTC) program is an extremely effective federal mandate that has created millions of affordable units since its inception in 1987. It leverages private capital by allowing developers/sponsors to admit financial partners in investments in exchange for tax credits. Over the next five (5) years, thousands of LIHTC units’ affordability will expire. 

Our investment strategy is to preserve and maintain affordable housing in key U.S. markets by:

• Acquiring expiring LIHTC properties

• Extend the useful life of the properties through capital improvements and renovations

• Apply for new tax credits

• Resyndicate and hold in investment vehicles designed to preserve long-term affordability

Our criteria for target properties include:

• Well-leased properties with in-place cash flow located in major U.S. Eastern markets

• Assets with the opportunity to benefit from repositioning

• Communities with proximity to mass transit and urban centers

• Asset size: 100 Units – 300 Units

• Asset price: $10 million – $50 million

• Unit Mix: 1, 2, and 3-bedroom units