Property Types: Affordable housing (see below), market-rate apartments and urban mixed-use and retail properties.

Affordable Housing Locations: Anywhere in the United States.

Market-rate Apartments, Mixed-Use and Retail Locations: New York Metro Area, Boston, Washington D.C., Chicago, Dallas, Charlotte, Tampa and Miami

Asset Age: Flexible. We pursue newer properties as well as renovation and repositioning opportunities.

Typical Deal Size: $3 million to $30 million for multi-family and mixed-use properties. We will pursue smaller deal sizes for single-tenant retail properties in large urban centers.

Birchwood Meadows; Alpena, MI.
Birchwood Meadows; Alpena, MI.

Affordable Housing Transactions

We are actively seeking to preserve affordable housing by way of acquisition and rehabilitation of family and senior properties with the following characteristics:

  • Section 8 properties with project-based HAP contracts
  • Section 236-financed properties
  • Acquisition and rehab financing using housing credit agency debt, FHA-insured loans, tax-exempt bonds, tax credits and IRP decouplings
  • Section 42 LIHTC properties with expiring low income restrictions
  • Properties being restructured or already restructured with the Office of Affordable Housing Preservation (OAHP), formerly OMHAR.