centerline capital group

The Affordable Housing Equity Group invests capital raised from institutional investors as equity in affordable housing tax credit developments. The Affordable Housing Equity Group serves clients nationally from 10 offices, providing originations, acquisitions, and capital transactions:

• The Fund Originations division markets, structures and closes new tax credit funds in multiple-investor and single-investor arrangements.
• Our Acquisitions division originates, underwrites, and closes affordable housing equity investments nationwide.
• The Capital Transactions division offers disposition and refinancing services to maximize asset value.

Since our founding, we have raised more than $10 billion in equity from 117 different investors. We have launched 136 funds, including 44 multi-investor tax credit funds. This money has been invested in more than 1,600 properties representing 165,000 units of affordable housing.

Recent Highlights

• CCP38, our most recent LIHTC fund, raised $119.25 million from nine investors to finance 1,500 affordable apartment units across 12 states.
• $18.8 million proprietary tax credit equity fund.

Customers We Serve

Centerline links capital investors with capital users. Centerline raises equity capital from banks, insurance companies and corporate investors. Benefits to investors include satisfying Community Reinvestment Act (CRA) requirements and/or economic returns. We invest this capital in multifamily properties of leading national and local developers who are constructing or refurbishing affordable housing that benefits from LIHTC structures.

Our Team

The Affordable Housing Equity Group consists of an integrated team with extensive industry experience. Historically, more than 99% of projected tax credits have been delivered to investors.

For more information Centerline’s equity investment in multifamily affordable housing, contact Michael Riechman at (212) 588-2029 or mriechman@centerline.com.

Contacts

Charlotte

Los Angeles

New York