LMFM believes the workforce and affordable housing markets present compelling investment opportunities and evaluates the following asset types in high-growth metro areas across the U.S.
LMFM targets equity investments of $25 to $50 million per transaction but can increase its commitment depending on the nature of the opportunity.
Target Assets
- Affordable multifamily assets under various federal regulatory programs, including Section 8 and Low-Income Housing Tax Credits (LIHTC)
- Unrestricted and mixed-income multifamily assets
- Naturally occurring affordable housing (“NOAH”) assets
- Other regulated multifamily assets with complex regulatory structures that require deep industry expertise and proprietary relationships with city, state, and federal housing agencies
Transaction Structures
- Single asset and portfolio transactions
- Recapitalizations and joint ventures
- GP interest acquisitions
- Entity interest transactions
