CDT provides equity for the acquisition and preservation of affordable multifamily rental housing.
We invest for the long term, providing the capital necessary to restructure a property’s ownership, address capital needs, replace major systems, and add amenities such as recreational facilities and community centers.
We work with partners who are experienced in acquiring, rehabilitating, and managing affordable housing communities. Our operating partners include many of the country’s leading specialists in preservation—multifamily developers, owners, and managers with a strong local presence—who invest alongside CDT.
Acquisition targets: LIHTC developments approaching their 10-year credit delivery period or 15-year compliance period; properties with expiring Section 8 or Housing Assistance Payment (HAP) contracts; properties with expiring state or local affordability restrictions
Property size: 100+ units, but will consider smaller properties in high-cost markets
Duration: We seek to hold properties for the long term: but will consider shorter-term investments
Equity capital: $1 million to $10 million, but will consider larger transactions or portfolios
Terms for specific investments are based on location, operating history, and alignment with CDT’s mission to preserve affordable housing.
Senior Vice President,
Michael J. Lear
Contact Equity Team
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“CDT has been an excellent partner for us [Evergreen] because their long term investment philosophy and commitment to preserving affordable housing aligns well with our business plan.
Additionally, CDT’s team is well versed in a variety of affordable housing programs which shortcuts the learning curve that we would have to work our way through with other investors who have less experience financing regulated housing properties.”
Housing for Seniors
Arbor Grove Apartments & Townhomes
Coney Island, Brooklyn, New York