Institutional Investors
Expert insight. Extensive impact.
Raymond James Affordable Housing Investments has the ability, expertise and flexibility to identify, assess and select outstanding affordable housing investment opportunities. With more than 200 fund offerings and over $16 billion of equity raised, our successful work in this highly specialized market is founded on conservative underwriting standards, industry expertise, deep developer relationships nationwide, and the presence and extensive resources of Raymond James.
Partnering with many top financial institutions, we help meet their investment goals through both single and multi-investor funds.
Each state’s housing agency allocates tax credits based on a qualified application process. Real estate developers are awarded tax credits to build affordable housing communities, and private equity is used to acquire interests in these properties in exchange for a stream of tax benefits. LIHTC equity contributions enable the properties to operate with lower debt and rents than conventional apartments.
Some benefits of investing in LIHTC include:
• Lowest default rate of all real-estate-related asset classes
• Predictable 10- to 15-year benefit stream
• Dollar-for-dollar tax credit benefits (also deductible against AMT)
• High-impact socially responsible investment
• Regulatory (CRA) credit for community development
• Credits and passive losses can be carried back one year or forward up to 20 years
Affordable housing impact funds are more than an opportunity to make a difference – they’re an opportunity to maintain and multiply impact. By enhancing resident well-being and asset quality through service coordination and practical greening, we can directly support performance and stakeholder interest through improved resident satisfaction, lower turnover, and operational stability. To do so, RJAHI’s impact funds partner with local owner/operators to competitively acquire stabilized properties housing a majority of tenants at or below 80% of area median income, enhance with light-touch improvements to bolster living conditions and operational performance, and generate returns through cash flow, refinancing, and reversionary value at sale.
Our impact funds are centered around three pillars:
- Housing Affordability
- Resident Supportive Services
- Environmental Efficiency
To learn more about our impact funds, please visit: https://www.raymondjames.com/ahi-impact-funds.
RJAHI offers state tax credits to institutional investors to reduce their state income or premium taxes while supporting affordable housing. State credits are part of broader efforts to address housing affordability challenges and promote development of affordable housing for low- and moderate-income individuals and families. Affordable housing state credits directly impact the well-being, and health equity of the residents, and the community. Benefits include:
- Taxes - Offset State Liabilities and Premium Tax
- Investment - Diversification, Long-Term Stability, and Impact
- Community - Social Impact, Health Equity , and Corporate Social Responsibility
Institutional investment services
Commitment to clients. Devoted to service.
Raymond James Affordable Housing Investments offers a full suite of services to aid our clients throughout the entire life cycle of an investment.
and Acquisition
Raymond James can tailor a plan to meet your investment goals, including selecting property in targeted areas within your Community Reinvestment Act footprint and potentially providing debt opportunities on deals.
Contact
James Horvick – Senior Vice President, Acquisitions and Institutional Investments
You’ll find experienced specialists at each phase of the property life cycle. The Feasibility and Underwriting teams are fully independent of our originations group and help ensure an objective evaluation for each project.
Knowledgeable feasibility teams analyze the viability of each project by reviewing detailed information on items including the market, capital structure, development plans and operating budgets, with a focus on real estate matters.
The underwriting team follows each project from the initial letter of intent through the final capital contribution. Focusing on deal execution, the team makes sure deal-specific issues are adequately addressed and all tax and legal requirements are properly met.
Contacts
We are dedicated to delivering professional, responsible and comprehensive asset management services recognized by investors and developers alike as being among the very best in the business.
At Raymond James, we don’t simply work with uncompromising dedication, but also with thoughtful intention. That’s why our asset management, accounting and reporting functions are standalone, profitable operations – separate from our acquisitions and investment operations.
Our asset management group performs over the life of our existing funds, even in the absence of any new funds, and is capitalized with sustainable asset management to meet our long-term fiduciary obligations. With a state-of-the-art, proprietary IT platform, our asset managers can proactively focus on problem resolution instead of identification. The team is leveraged by our accounting team and system capabilities to provide quality data and to help spot performance trends early.
Contacts
Brian Lynch – Senior Vice President, Portfolio Asset Management
As a fiduciary, Raymond James focuses on timely investor reporting and generation of tax returns and audits. In that regard, we deliver timely information and tax documentation to our investor partners – without exception.
In 2017, 100% of K-1s and 100% of audits were delivered on or before their due dates.
Contact
As each fund wraps up its 10-year tax credit delivery period, Raymond James will present several exit strategies to the investor in an effort to maximize the value delivered from the fund. We will then work with you to tailor a disposition strategy that meets your economic goals within your fund wrap-up timeline.
Contact
Jas Birk – Vice President, Director of Dispositions & Preservation Acquisitions
Syndicated more than $16 billion in equity
Sponsored 2,500+ properties, totaling over 160,000 units
200+ tax credit funds, serving 250,000+