R4 Capital has raised over $570 million of LIHTC equity from 23 institutional investors since May 2012.
Our senior executives have provided the highest–quality tax-credit investments for investors as well as reliable, competitively-priced capital for developers in over 2,000 transactions nationwide. Over the course of our affordable housing careers, we have originated, underwritten, and managed more than $12 billion of LIHTC investments for more than 100 corporate investors. We are not afraid to make decisions and can react swiftly to the complex and fast-changing components of tax-credit transactions. Our guidance has helped developers secure financing and expand their businesses because we solve problems from an entrepreneurial viewpoint that reflects their objectives. Our creativity and market savvy over 25 years has allowed us to implement sound solutions that continually benefit investors.
Our commitment to the tax-credit housing industry extends beyond the investors and developers to the residents of affordable housing. We remain active advocates on behalf of the affordable housing industry and LIHTC Program as members of numerous local and national associations that address affordable housing issues.
R4 Housing Partners LP (2012), a $105-million national multi-investor LIHTC fund, has acquired interests in 16 properties and currently exceeds the IRR that was projected for each of the fund’s eight investors, comprising three insurance companies and five banks.
R4 Housing Partners II LP (2013), a $125-million national multi-investor LIHTC fund, has acquired interests in 17 properties to date and currently exceeds the IRR that was projected for each of the fund’s seven investors, comprising three insurance companies and four banks.
R4 California Housing Partners LP (2013), a $57.5-million California-only multi-investor LIHTC fund, has acquired interests in six properties to date and currently exceeds the IRR that was projected for each of the fund’s six investors, comprising six banks.
R4 Fresno Housing Partners LLC (2014), a $32.2-million California-only multi-investor LIHTC fund, has acquired interests in two properties to date and has four investors, comprising one insurance company and three banks.
R4 Housing Partners III LP (2014) is a $190-million national LIHTC fund that is fully committed and projected to acquire interests in 25 properties.
R4 Capital has established three proprietary funds to date, with approximately $40 million of investments under management, and additional properties approved and in the closing process totaling approximately $14 million.