| Eligible Properties |
Both subsidized and market-rate multifamily rental properties, either individual assets or portfolios. All investments must satisfy the affordability objective embodied within the 1977 Community Reinvestment Act (CRA), as amended.
|
| Location |
National, no geographic restrictions.
|
| Partners |
CDT seeks experienced developers and owners to become our key local managing partners. The objective is to build long-term relationships to fulfill our national preservation mission.
|
| Ownership Structure |
Partner co-investment alongside CDT with CDT involvement in major events such as change in property management, sale, refinancing or material change in operating use.
|
| Equity Investment |
Generally, up to $5M per transaction. Per the seller's preference, made up of cash, CDT operating partnership units (OP Units), or a combination of the two.
|
| Targeted Returns |
CDT preferred rate of return and targeted IRR with partner promote once targeted IRR is achieved.
|
|
|
