August 15, 2019
Aegon Real Assets US, based in Cedar Rapids, IA, closed on a $151- million national low-income housing tax credit (LIHTC) fund. The new fund is expected to be comprised of investments in 14 partnerships with affordable housing multifamily properties in nine states across the country.
This marks Aegon RA’s 13th multi-investor LIHTC fund closing, with two new investors joining the platform alongside five repeat investors. Aegon RA has now closed either tax credit- or affordable housing-related funds with 49 institutional investors primarily across the banking, insurance and technology industries.
“We continue to see growth in the real assets equity platform, led by our tax credit group,” said Christoph Gabler, co-head of Aegon RA. “We also recently launched real asset equity strategies focused on workforce housing and opportunity zones, which were made possible in large part due to the firm’s long history and experience with multifamily investing via the affordable housing platform.”
Pictured: Aegon Real Assets headquarters in Cedar Rapids, IA.
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